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MMJ PhytoTech Ltd (MMJJF) Portfolio Outlook
Perth, Australia (ABN Newswire) - MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") pro...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"MMJ PhytoTech Ltd (MMJJF) Portfolio Outlook\nPerth, Australia (ABN Newswire) - MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) (\"MMJ\") provides a summary of the outlook for each of its cannabis sector investments through to the end of this year as follows: Investment: Harvest One (CVE:HVT) Business: Cultivation, medical and retail products Country: Canada Outlook comments: Refer to recent public announcements issued by Harvest One and MMJ, including: (i) construction of the Aldergrove cultivation site to start at the end of next month and which is expected to produce at least 8,000kg/year of cannabis; (ii) to integrate and grow the Dream Water business which has current annual revenue of CAD$6m; (iii) to integrate PhytoTech Therapeutics with Satipharm; and (iv) to use its strong balance sheet (circa CAD$60m of cash, no debt) to continue to grow in a value-accretive manner. Harvest One's management discussion and analysis (MD&A) for FY18 is expected to be available on sedar.com at the end of next month. Investment: MediPharm Labs Business: Extraction Country: Canada Outlook comments: To build out the capacity of their cannabis oil manufacturing facility. To list on the TSX-V, via an agreed reverse takeover of POCML 4 Inc. (TSXV:POCM), by early September. Investment: PhytoTech Therapeutics Business: R&D Country: Israel Outlook comments: Sold by MMJ to Harvest One, subject to MMJ shareholder approval at a meeting expected to be held in September. Investment: Weed Me Business: Cultivation Country: Canada Outlook comments: To build out their cannabis cultivation facility subject to receiving a Sales Licence (application in process) and future funding. Investment: Cannabis Access Business: Clinics Country: Australia Outlook comments: To open Cannabis Access Clinics in Brisbane, Adelaide and Perth next month. Current clinics are in Sydney and Melbourne. For an example of recent media for the clinics, please visit: http://www.abnnewswire.net/lnk/E4CU1C87 Investment: Fire & Flower Business: Retail Country: Canada Outlook comments: To open retail cannabis stores subject to obtaining provincial licenses (applications are in process), in Alberta and Saskatchewan in October, corresponding with the legalisation of recreational cannabis in Canada. Investment: Bien Business: Product licensing Country: Canada Outlook comments: Sale...