with Australia A week after! *what it doesn'T say is that Australians got some poppy field deal canceled 3 or 4 years ago* https://thedeepdive.ca/will-ravenquest-biomed-survive-another-six-months/ Thebaine poppies are prohibited under the Controlled Drugs and Substances Act. Canada imports about $600 million worth ... “Why are we relying on farmers in Australia to grow products'' ''and to limit imports from non-traditional supplying countries (e.g. Australia)'' http://www.gazette.gc.ca/rp-pr/p2/2016/2016-06-15/html/sor-dors123-eng.html https://business.financialpost.com/...fter-ottawa-blocks-the-very-product-it-funded https://www.thegrowthop.com/cannabis-news/australia-is-all-in-on-experimenting-with-marijuana RavenQuest BioMed Inc. has just received a permit from Health Canada to start shipping cannabis to MedCan Australia RavenQuest CEO, George Robinson, stated “the Australian medical cannabis model is well developed and mirrors Canada’s early evolution in many respects. With a population of over 24 million residents, this is a significant market with real growth potential.
Online reporting on companies is done by a million monkeys typing on a million typewriters. As a long term investor, I look for these opportunities. A good company that has been beaten down by the media is a buy opportunity. We should thank them for creating value. We can think of it as investment fertiliser that makes money grow.
''strike the iron while it's hot'' most likely applies here, I agree. That kind of reverse psychology actually sometimes is a way to attract&show potential
Unfortunately, I was proven right. ( I know this is almost a month old already, just doing my best to apply follow up to what I thought seemed obvious from the start (after all, it's a good idea to point people in the right direction if we think something is buy worthy but in some cases, it's also a decent idea to warn if something seems fishy) https://thedeepdive.ca/ravenquest-biomed-to-lose-final-health-canada-license/ (the CEO was pointing the finger at others rather than looking at the mirror at some point and said '' lots of companies aren't going to survive another six month in this kind of economic weather) The news of the license revocation follows the news last month that the company had lost its license at its Edmonton-based Alberta Green Biotech facility also due to losing access. The loss of access was the result of RavenQuest failing to pay its lease on the facility, which ultimately resulted in the landlord acquiring a court order to seize assets to cover debts owed. (that was april 14th-above- this is may 1st) https://thedeepdive.ca/ravenquest-biomed-implodes-robinson-resigns-and-withholds-corporate-records/ RavenQuest BioMed (CSE: RQB) has finally imploded. The company announced this morning that the CEO and CFO, George Robinson, has resigned from the company as well as from the board of directors as of April 29, and that the company sees no path forward for the firm. Furthermore, Robinson is now withholding all records from RavenQuest in lieu of pay according to the firm. Records held by Robinson include the books, records, and historical documents of each subsidiary of the firm. The company however believes this goes against his fiduciary duty to shareholders and debtholders and that it will be working towards obtaining this company property. Most significantly, the company directly states, “Negotiations with creditors have since failed and the remaining director sees no prospect for the company’s survival.“
