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Bullboard - Stock Discussion Forum Hiku Brands Company Ltd. DJACF

"Hiku Brands Company Ltd, formerly knwon as DOJA Cannabis Co Ltd is engaged in handcrafted cannabis production and building a portfolio of iconic, engaging cannabis lifestyle brands. Its cannabis brands include DOJA, Tokyo Smoke, and Van der Pop."

OTCPK:DJACF - Post Discussion

Hiku Brands Company Ltd. > Completed cannabis harvests and presales licence inspection
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Post by bpeters on Nov 02, 2017 5:35pm

Completed cannabis harvests and presales licence inspection

Key points of todays N.R.:

  • Doja has successfully completed its initial cannabis harvests and has requested a presales licence inspection from Health Canada.
  • The presales licence inspection is the last step prior to the issuance of a sales licence under the ACMPR.

Trent Kitsch, CEO commented "I'm extremely proud of our cultivation team, they have delivered on all levels:

  • The quality of our flower is impressive, and the yields exceeded our expectations.
  • Our growers focus on bringing out the fullest expression of the plant's genetic potential, in our first four strains.
  • Postharvest, our flowers were expertly hand trimmed, hang dried and artisanally cured.
  • Our handcrafted approach is aimed at producing the finest cannabis with exceptional aroma, flavour and effects.

"Requesting our presales licence inspection from Health Canada is another major milestone for Doja.

  • There are currently only 26 independent companies with cannabis sales licences under the ACMPR in Canada.
  • Once licensed, Doja can begin selling cannabis and position itself as a premium handcrafted producer in advance of the impending recreational market."

The future lab update

It has closed its previously announced acquisition of a 22,580-square-foot commercial building in Kelowna, B.C.

  • Doja plans to move forward with building out a state-of-the-art extraction facility and apply for an oil production licence at the future lab.
    • The company plans to build out the future lab in a phased approach;
    • once fully completed, the facility is projected to produce approximately 4,500 kilograms per year,
    • pushing total corporate production capacity to over 5,000 kilograms per year, representing a 760% increase in production over the existing production facility.
Comment by dela90 on Nov 02, 2017 6:10pm
Thanks for posting, bpeters.  I was hoping for a bit more of a bump from this news release but I guess there wasn't much in here that people weren't already expecting.  I'm wondering how long it will take Health Canada to issue the sales license... I know at this point it's mostly guesswork but I'm curious to hear others thoughts. What do you all think are the ...more  
Comment by Mindfull on Nov 02, 2017 11:07pm
Thats a lot of talk to try & push SP up but went down today. Did they even send their harvest for 3rd party testing? Geting the sales license takes a log time. Not hapening for a while. Canada's Island Garden gor their cultivation lic. Jun 16/16 and got their sell lic. Feb.7/17 took 8 months. Supreme Pharmaceuticals got cult. Mar 11/16 & sales Jun 28/17...took 13 months Harvest ...more  
Comment by bpeters on Nov 03, 2017 8:39am
We should be "mindfull" that NR's are meant to disseminate information and that info status is generally already reflected in the market price (efficient market hypothesis) Dela90 sumed this up appropriately  "I guess there wasn't much in here that people weren't already expecting."  IMHO, the dynamics of the Cannabis industry in Canada have changed ...more  
Comment by dela90 on Nov 03, 2017 12:30pm
Solid post, bpeters. My Christmas wish list looks a lot like yours. I suspect that DOJA's management has some surprises up their sleeeves but that we will have to wait until the new year for more to become clear. We will bounce around until we get some news that the market doesn't expect or already know about.  I'm comfortable holding and waiting for the new year. Lots to look ...more