RE:RE:RE:VM research paper. Very thorough "In November 2018, the company formed a 50/50 net revenue sharing JV (revenue less regulatory, marketing and sales costs) with Chief Medical Supplies Ltd. (“CMS”), named ImagingX Pharmaceuticals. CMS, headquartered in Calgary, Alberta, is a pharmaceutical manufacturing and distribution company, and primarily offers hemodialysis products to pharmacies and hospitals across Canada."
"VM is responsible to provide the API minerals, while CMS manufactures and bottles the end- products. Both entities will provide their products / services at no cost to the JV."
"Until VM is able to produce pharmaceutical grade barite from its own properties, the JV will source barite and iodine API from third parties. The first barite shipment, from a Chinese supplier, considered to be the only entity worldwide which is producing FDA / Health Canada approved natural pharmaceutical grade barite, was delivered to the JV in February 2019."
lscfa wrote:
The co. is outsourcing the manufacture of the product. Only thing left to do is market it to hospitals and imaging centers.
"The JV will initially target Canada, and is currently awaiting approval on its first five products from Health Canada. Primary targets will be diagnostic imaging clinics and hospitals, and products will be sold to wholesale distributors."
CLSHboss wrote: The company doesn't have much money to do anything. That's why the SP has been asleep for so long. They can't do much with the health Canada approval without any money.
they're operating on gas fumes..