are held by insiders?
A: We own approximately 10%. As I mentioned before we take care with our capital structure and because of this we have a tight structure with not many shares out. I came to the company late in the game and have bought my way in for the most part each step of the way. When I started the stock was under a nickel and it experienced a high of over $2.
Q: I hear more and more that companies are surprised by the larger than expected number of average Canadians that have small holdings because they recognize what this means to Canada and possibly their portfolios – does PUF share this experience?
A: Yes for sure. I think every teller I deal with at my local bank is a PUF shareholder. I know my local Starbuck’s Barista is a shareholder. It is a lot like being able to partake in the initial formation of the liquor industry, where an individual can be an originating shareholder of a Guiness or a Jack Daniels. This is such a unique time in history and long into the future people will be looking back and reminiscing about these exciting times and the wealth that has been created.
Q: To the degree that you can ... any updates on the status of ACMPR applicant AAA Heidelberg and can you remind us if and when you will exercise your option to increase your ownership to 100%?
A: Like I previously mentioned we are waiting on Health Canada at this point. We will close the remaining 46% interest upon receiving the license as the agreement stipulates.
Q: Any intent at this time to enter the edibles and beverage space when legal to do so?
A: This is an area that we will discuss with Canopy. With our current footprint in Canada we are focused on propagation and CraftGrow. The key is obtaining the license to produce, once it becomes a reality, I feel we have the necessary assets to compete with even the largest cannabis companies. I pride myself on being aggressive and I never shy away from an opportunity. If I had a license 5 years ago, I truly believe that PUF would be the size of a Canopy or an Aurora today. (I am not sure the reader will get the Bruce and Terry reference)
Q: Is there anything that you would like to mention to our readers with respect to any of your undertakings or business operations that was not already discussed?
A:
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