A Ganja Fantasy Goes Up In Smoke

[Bricktop]

Canadian Partner Writes Down Value Of Epican

http://jamaica-gleaner.com/article/b...n-value-epican

THE CANADIAN partner in Epican Medicinals Limited has scaled back its market expectations for Jamaica and shelved plans to export weed from the island.

The Green Organic Dutchman, TGOD, disclosed in its March financials a CDN$4.3-million ($430-million) non-cash impairment on the Epican investment.

The impairment reflects an expectation that TGOD’s investments are unlikely to be recovered in full in Jamaica and Canada due to market conditions. The company did not describe the precise factors around the writedown, and Epican has not responded to requests for comment. However, the cannabis market is experiencing increased formal and informal competition and prices are under pressure.

“The balance of CDN$4.3 million non-cash impairment charge related to our investment in Epican in Jamaica, due to market conditions there and our strategic decision to forgo the expansion of proposed cultivation activities for export, in order to focus on our Canadian operations,” said Sean Bovingdon, chief financial officer, at TGOD in an investor conference call.

Instead of importing cannabis from Jamaica, TGOD will sell product from its recently finished facility at Ancaster in Canada and will also import hemp from Europe.

[Bricktop]

oh slur x...it seems as if you missed this thread

[Reggaedoc]

Canadian Partner Writes Down Value Of Epican

http://jamaica-gleaner.com/article/b...n-value-epican

THE CANADIAN partner in Epican Medicinals Limited has scaled back its market expectations for Jamaica and shelved plans to export weed from the island.

The Green Organic Dutchman, TGOD, disclosed in its March financials a CDN$4.3-million ($430-million) non-cash impairment on the Epican investment.

The impairment reflects an expectation that TGOD’s investments are unlikely to be recovered in full in Jamaica and Canada due to market conditions. The company did not describe the precise factors around the writedown, and Epican has not responded to requests for comment. However, the cannabis market is experiencing increased formal and informal competition and prices are under pressure.

“The balance of CDN$4.3 million non-cash impairment charge related to our investment in Epican in Jamaica, due to market conditions there and our strategic decision to forgo the expansion of proposed cultivation activities for export, in order to focus on our Canadian operations,” said Sean Bovingdon, chief financial officer, at TGOD in an investor conference call.

Instead of importing cannabis from Jamaica, TGOD will sell product from its recently finished facility at Ancaster in Canada and will also import hemp from Europe.

Forget the Ganja fantasy for a minute because that is not going anywhere and is only a pipe dream. What happened to the mango hype?. I thought Jamaica Julie mangoes were going to take away market shares from Mexican, Dominican, Haitian, and even Brazilian(if one can think of Brazil producing any agricultural product that tastes good) mangoes. I am yet to see a single Julie mango in NY, the largest Caribbean community outside the Caribbean. Smh.

[Jangle]

Forget the fool-fool Julie mango and let's talk about the King, East Indian. Weh a would a do fi two nice fat East Indian in the quarantine ya now.

[Bricktop]

our farms are miniscule in comparison to mexican farms...we have about 6 mango orchards total...the largest being 25 acres...mexican orchards are like 300 acres...

[Reggaedoc]

our farms are miniscule in comparison to mexican farms...we have about 6 mango orchards total...the largest being 25 acres...mexican orchards are like 300 acres...

Mexico and California have bigger ganja acreage than Ja. Mago we lose, ganja dem win.

[Bricktop]

yeah but the goodwill associated with the name jamaica in ganja circles is invaluable...it should be working...it isn't...