American business and government relations executive. Mr. Urban’s most notable accomplishments include Chief of Staff for United States Senator Arlen Specter (R-PA) and more recently, served as a senior advisor to the Current United States President. Politico named Mr. Urban one of the 30 most powerful people in President Trump’s Washington.
Canada, despite leading the global paradigm shift in recognizing the health and wellness attributes of the cannabis plant, is a relatively small market that is spread across six time zones and from there the north south distance is also vast but sparsely populated. What is your target market domestically and what are your international plans (that you can publicly disclose)?
Recently we just announced a very local partnership in Toronto with “Huge Shops” to convert existing coffee time leases into retail recreational cannabis shops. There are extensive regulations in Ontario for store front recreational sales and non-exclusive distribution limits. We expect a lot of more regulatory changes before Huge Shop’s business model is final. Another domestic recreational partnership we have is with High Tide Inc. which currently operates a chain of cannabis accessory stores in Canada. The company has commenced constructing retail dispensaries for storefront cannabis sales. High Tide has applied for 31 retail cannabis permits in Alberta, with applications submitted for British Columbia. The united states have a long way to go before we see federal legalization, however if it were to happen having Dr. Raza and David urban both based in the United States will definitely be an asset to FSD Pharma in developing future distribution channels in US.
At time of writing, your market cap is a hair over $404M (source: TMXMONEY). According to your November 28th news release, your existing property is valued conservatively at over $105M and the valuation conservatively is assessed at $420M. I hope at this point our readers see the disconnect here … the potential investor oddity … a market cap less than the post-expansion conservatively assessed market value of the property/facility alone. From there … based on your recent filings for your September 30th financial statements ..
Mark to market investment gain of $6.8 million in Q3
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