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Bullboard - Stock Discussion Forum Nova Mentis Life Science Corp. C.LIB

Nova Mentis Life Science Corp is a Canadian-based company focused on building and supporting a diversified portfolio of health and wellness businesses. Through its subsidiary, the company is focused on exploring the anti-inflammatory effects of psilocybin in underexplored metabolic indications such as obesity and diabetes and providing a Health Canada Standard Licensed facility focused on the... see more

CSE:LIB - Post Discussion

Nova Mentis Life Science Corp. > Licesnse by Oct 17th?
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Post by InvToRtr on Sep 19, 2018 9:44am

Licesnse by Oct 17th?

I am invested in Lib Leaf, but have to be a bit of a realist with this company. They are not terribly well run by Will Rascan. They have been working at license since summer of 2017 for North Roads and Dec 2017 for Just Kush and it appears they are not having much progress with Health Canada.
  New Articles right from Lib Leaf site from summer 2017 - https://www.libleaf.ca/news-releases/page/15/. Just Kush Article- https://www.libleaf.ca/news-releases/page/10/

In their latest press release they don't even give progress report on North Roads as to it completion status - https://mailchi.mp/60499c9b814b/june-373265?e=98a533c77f.

They don't seem to be any closer than they were 15 months ago to getting any license. According to some of their older new releases they have had phone calls with Health Canada as to thier status.

Vancouver, BC – July 27, 2017 -

North Road Ventures Advances to the Detailed Review Stage in its ACMPR Application

I really, really hope we see a licesnse by Oct 17th, but at this point not holding my breath.
Comment by TenFingers on Sep 19, 2018 11:29am
I would tend to agree with you regarding Will. If we are to hold anybody accountable for their continuing missed deadlines it should be him. Let's remember that Will doesn't seem to have a track record of delivering anything, really (that I can find in my research, anyway). That doesn't mean they are not on the right track, but honestly, they could be so much further ahead right now ...more  
Comment by michelleb33 on Sep 19, 2018 11:52am
we don't have anything going into legalization. Just taking a look at to tlry today. Wow. Now that is a stock. Too bad we are invested in this junk with a CEO that can't even tie his shoe lace let alone a company
Comment by TenFingers on Sep 19, 2018 12:18pm
I wouldn't go that far. But, if someone said "Will is the perfect guy for this position" I would have a hard time agreeing with them. He has 0 experience in the cannabis space prior to LIB, and unfortunately that is showing.  He did however show enough humility to hire people who do have experience, which is good. We'll get there in time.
Comment by michelleb33 on Sep 19, 2018 12:29pm
market knew these guys couldn't execute. Now we are awaiting the next leg down in sp because of broken deadlines
Comment by InvToRtr on Sep 19, 2018 12:43pm
Michelle,        Right now the big investors, that are making SP rise, in this market are only putting money with companies with licenses and the ability to make deals to grow their market share. All the companies without license are either flat or slowly sinking to the red. There are a few questions that I have as long term investor: 1. Some of these companies such ...more  
Comment by michelleb33 on Sep 19, 2018 12:59pm
prob best to pull money out of this before it goes to single digits. RLV has money coming in
Comment by Seegains on Sep 19, 2018 1:35pm
So fckn do it. Stop running your mouth like you always do. Pull out and fck off
Comment by serendipidy on Sep 19, 2018 8:23pm
I second that!!!!! They will get their license, you'll see...
Comment by InvToRtr on Sep 19, 2018 1:39pm
Found a few examples of how long it takes after submission of Readiness Package Best one I coud find: PhyeinMed submitted their in MAY and recieved a licesnse from HC in June!! What ever they did every company should be copying. MYM submitted in Dec 2017 - still no licesnse MMJ submitts Jan 2018 - still no licesnse
Comment by michelleb33 on Sep 19, 2018 2:08pm
id sell 1/3rd of my holding and keep the rest in here 10 finger. Just so I can.post how the predictions on this stock are absurd
Comment by InvToRtr on Sep 19, 2018 12:04pm
When you read through the entire Quarterly News Letter it does not provide one date they are striving for on anything. Even for the new retial division there is not date as to when first store is projected to be open, etc.... Realistic TimeLine for Just Kush Licsense "Liberty Leaf is delighted to share the exciting news with you: The build-out of our Just Kush production-cultivation facility ...more  
Comment by TenFingers on Sep 19, 2018 12:28pm
Same (love/hate) - if they screw this up it is 100% their own faults.  It is theirs to lose. Opportunity has been hanging like fruit on a tree and for some reason we are having a hard time grabbing it. I bought in because any reasonable company *should* have pretty easy going in an emerging market like this, and I loved their diversified strategy from the go.  Problem is, even if you ...more  
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