Legal & Finance Update March 8, 2019

 
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THIS WEEK’S UPDATE

  • Now that all of our cannabis applications have been submitted we are turning our attention to the next stages of our alcohol licensure. In the last few weeks, we received our alcohol manufactures’ license, so the next step is our excise license. Thanks to our insurance agent, Andrew Mangialardi, we now have our bond that is required for this license. 

  • We are in the midst of the finalizing the audited financials. This a huge milestone for the department this will be our first year completing these documents for a full years financials after actually raising capital.

  • We received some supplemental requests for additional information from HC related to our commercial hemp license. We submitted responses back this week. 

LOOKING FORWARD

  • We are looking forward to doing additional due diligence on potential mergers with partners who have a cannabis license.

THINGS WE NEED HELP WITH

  • We need help with finding additional financing for equipment. 

  • We are in the process of speaking with our local MPs, if you have any tips or contacts in the local Grimsby area please share. 

  • We are in the processes of hiring someone in a compliance role if you know anyone that would be a good fit please let us know.