Post by
JohnEnglish on Aug 18, 2017 11:10am
So what happened with the marijuana company?
Here's the original press release.
https://www.fscwire.com/newsrelease/morro-bay-resources-ltd-announces-offer-acquire-all-outstanding-shares-private-company
I went to MRB's website to look for updates but it no longer works.
The press release said "The Offer was made on May 15, 2017 and is open for acceptance by the PrivateCo shareholders within thirty (30) days after delivery (therefore being approximately June 16, 2017) unless otherwise extended by Morro Bay." I haven't heard anything about the offer being extended.
The PR also said "The Lab Business is expected to be in operation by July 2017." and "PrivateCo expects to have this facility available for inspection by Health Canada by July 31, 2017."
We're well past all those dates withoiut any updates (that I've seen) so ¯\_()_/¯
Comment by
bullmarkets on Aug 20, 2017 7:04pm
well the facility got a license to grow. but it is a small grow facility. so no money to make on the financing, since it is all priced in.