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Part 1
Ehsan, I think Malta is a side issue for this thread.
The dates on all this content posted by yourself is in the past, where is the relevant 2020/2021 content?
What is in Slovenia, a grow facilty or an extraction facilty?
When you read the posts you put up with the info, it is contradictory by the company.
This statement:
"MXC’s Slovenian Extraction Facility
Allows MGC Pharmaceuticals to extract and produce high margin API grade cannabinoids in resin form
• API grade cannabinoid products produced will supply
MGC Pharmaceuticals for its clinical studies, for use in its cosmetic and dermatological product range and future MXC pharma products
• Facility will produce 3,000kg of biomass per year, assuming 100% capacity, starting Q2 2017"
What Is Biomass? Generally, biomass refers to the stalks, stems, and leaves of the plant.
This is not medical high grade THC cannabis - The company has stated this:
https://wcsecure.weblink.com.au/pdf/MXC/02247069.pdf
"Three-year EU GMP licence granted MXC (MGC Pharmaceuticals) was successfully granted a three-year renewal of its EU GMP license for its Slovenian manufacturing and compounding facility, following an annual audit conducted by the JAZMP, the government agency of medicinal products and medical devices of the Republic of Slovenia. The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products”
The more I go through this, the more questions I have - Not sure about anyone else.
What is going on in this premises that a EU-GMP license has been issued to - Everything MGC is based for production, manufacturing for of pharma grade medicinal products.
Open field - is CBD growing.
Greenhouse facility - Using biomass for CBD crystals in not the same as the production and manufacturing of pharma grade medicinal products - If they have produced flower at the greenhouse in Czech, fine, but again, its not what they say the license is for in Slovenia.
MGC say - API grade cannabinoid products produced will supply - Why are they describing medical cannabis as pharma, its not. They are cleary talking about CBD production in Slovenia.
API means - ACTIVE PHARMACEUTICAL INGREDIENT
https://www.fda.gov/media/75201/download
MGC say - Facility will produce 3,000kg of biomass per year, assuming 100% capacity, starting Q2 2017 in Slovenia - Is this a different operation, different site? 3000KG of biomass is nothing, at best its 100 plants, at worst its 50.
MGC say - Slovenian Growing Operation
Allows MGC Pharmaceuticals to grow cannabis to be supplied to the Company’s Slovenian Extraction Facility
• Harvests to be leveraged for the Company’s clinical studies, cosmetics, and dermatological products, following API extraction
• First 5,000m2 test crop planted in June 2016 and harvested in late 2016
• First crop in 2017 to be planted in April/May
cutshort - Thanks.
The license is for Slovenia , not Czech Republic - That is not the building on Google Sat or Street view.
That greehouse will produce one grow per year, no lights, few fans, bunched way to close for my liking - You can't walk down the aisles - I have no idea on the strain being used, I would say this is a CBD grow, no idea but the set up does not look a med THC grow - You see these type of set ups on recreational cannabis, but I would expect to see a lot more fans - Anything under the top canopy will not give the yield, its not what I call a top notch set up, for CBD its fine though.
The extraction image, that is very small, you will not get the quantiites for mass production. Do you know where all these pictures where taken?
Ehsan, thanks - I have read all your have posted before. Producing CBD is easy, as the content says outside grow (CBD) once cycle per year. The greenhouse is 1000sqm - Why would you grow CBD with flowers, you wouldn't - Not to say it has not been partioned off - Where are all the images with the flowers, the extraction process, the end product?
I am interested in Slovenia, that license and what is going on in that or those 2 buildings - That is what has been stated by the company, so that is what I would like to know.
Wallbrooke2021, cheers - I looked at the link you posted and thought it was a photo job, which 100% its not! Lets hope we get the news this week with the TT, I think that will be a big step for all of us.
Nige7, that is possible, but it will need a roof - regardless, the certificate in place is for the address in Slovenia, different jurisdictions.
Bigjock36 -Always good to read your posts and your point of view, down to members on this BB to make their own minds up on your posts and others who give infor, good or bad - Make your own road in this life.
Thanks Kill, thought I had lost the plot - Nice name, new a lion called Kill once.
T0n1c, something is cooking - We did say last week the narrative will change to testing, the jab in the arm has played out, time we moved onto the real deal so everyone can get out and play.
Wallbrooke, help a man out - https://twitter.com/molloycr
Am I loosing the plot as I can't see the tweet?
Part 2
Are they buying in THC medical grade OIL, lab tested and white labelling - That is a possible. I would think the products ArtemiC are sourced and assembled in this unit in Slovenia, packaged and distributed under the ArtemiC brand. No idea as nothing is clear, but it makes sense for me at the moment.
Have a look at this - https://precisionextraction.com/ - This is what I expect to see from MGC, plus the flower production - You can see what it takes just to extract, its not a part time hobby. On the growing flower side, you would expect a sterile area with a total environmental control system in place, that includes controlling the temperate, pest control and on it goes…not easy, not cheap, and you need a ‘gardener’ who knows what he or she is doing at this level.
Why on the MGC site they are not showing any of the grow or labs inside this building, its a BIG USP, many other sites show their in-house ops - Second, I don’t see any security, again what does this mean with the lack of info, nothing. But you do need security on grow sites for obvious reasons.
I am not convinced they are manufacturing THC high grade plants in the building the license is assigned to, I will stick by that until I am proven wrong. At the same time the license is in place, for what now remains a question for me.
Part 1
I think one thing is certain, we all can agree, the accounts are not the best/but I knew this when I invested and the second part to this is how they raise future capital - Those two points along with the amount of shares on the market are a given before I invested. The punt for me was this part, the other part is Brett Mitchell - He has a colourful past, that is not so say he is up to anything - I have no idea, I can see the companies he is in, the new companies created and what the Ozzies think - In some ways its all old news from several weeks back.
Kleggy90, no mate - That Malta plant needs to be inspected, so I was just putting the possibility out there, just to see if anyone on the BB had come across anything.
PokerChips - I mentioned on this thread I had the certficate that was found in 30 seconds - I would not of created this thread with the links if I had not had it, again I wanted to see if members on here came across something else - The idea was too see if someone else found a separate certificate.
I can also, IMO on the information I have, there is no other certificates, licenses, call it what you want that Slovenia have given MGC - Not to say this has not be given under a separate company.
What I do not like is this statement by MGC:
https://wcsecure.weblink.com.au/pdf/MXC/02247069.pdf
"Three-year EU GMP licence granted MXC (MGC Pharmaceuticals) was successfully granted a three-year renewal of its EU GMP license for its Slovenian manufacturing and compounding facility, following an annual audit conducted by the JAZMP, the government agency of medicinal products and medical devices of the Republic of Slovenia. The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products.
Think about this sentence "production and manufacturing of pharma grade medicinal product”
What does that mean?
To grow high grade 20/25% THC for medical use under a EU-GMP license.
This link - https://m.marketscreener.com/quote/stock/MGC-PHARMACEUTICALS-LIMIT-27113971/news/MGC-Pharmaceuticals-nbsp-MXC-Awarded-3-year-EU-GMP-Manufacturing-Licence-30808782/
It clearly states the GMP license is for EU cannabinoid medicine production facility - Production of Pharma grade cannabinoid based medicines.
The cert states:
Manufacturing Operations
1.2 Non-sterile products
1.5 Packaging
Google Earth - Street view from the front we can see the building as it is - The back looks derelict - But, I have 2013 on my machine. When I look at the satellite it shows a 2 buildings, looks fairly new but I can’t get in any further as its bleared.
I take what I can see - The building at the front of the address looks separate from the building behind it - Are they connected, no idea - Owned or rented by MGC, no idea - Is one a packing area, offices, toilets, goods, meeting room and the other is the grow section, extraction ar
Kleggy90, yes, I am not expert on producst such as ArtemiC, but I know all about cannabis, growing etc - My question is, is it ArtemiC and RnD on the other two products, in what they are producing there in Sloveina - If so, great. But that is not the same as sterile lab - Their wording is miss-leading, if that is the case.
That is the conclusion so far, but it does not make it a fact or true. We can only go by on what we have - This is the reason I laid my initial email, so everyone can see the route I took and what I found, same as you - Now we are all on the same page.
Pokerchips, I did see that. Malta is a seperate part of this, they have laid it out what they are doing - Does this mean there is a seperate certificate to cover Malta off ?- And if so, where is his certificate.
RideEasy, you would expect so.
You know the problem, none of them know the cannabis industry - That is the problem - They don't know what they are looking at, they are led. Do we think anyone from the cannabis industry has been consulted by the city? If they have/had I would not be wasting my time digging around and trying to work out why I am presented with a cert that is not for med cannabis.
I am here to be proven 100% wrong - I have too many shares, at the same time no-one is going to take me for ride. My big and last mistake is not properly looking at the cert from day 1/everyday is a learning day.
Kleggy90, agreed, neighbour needs a spruce up.
So, I am glad we ended up with what I had - This is not what I am looking for - This cert makes no sense, the reason is to produce CBD or THC, you need a sterile enviroment. Its clear this cert is not for that - So, the point remains, this license IMO does not cover this statement.
"The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products"
That building you seen on G street maps is not for manufacturing, not industrial cannabis (hemp) nor CBD, not high grade THC, unless they have a mother plant and have 30/60 plants - I see no extraction on that building either.
Read this - https://www.erasme.ulb.ac.be/sites/default/files/files/documents/2016/draft_guidance_definition_imp_2006_07_27_2.pdf
You know what I think at this stage, I am not happy with MGC wording - For me, their needs to a be a seperate certificate for sterile labs.
I also now think that this set up is for artemiC and related products and the current certificate on show covers that production.
Why do I think that - On the cert it states packaging, as we can see. That is not a sterile enviroment, and you should have a packaging/goods in and out - In a completely seperate building.
To give you just an idea of what is involved in the process of THC labs - https://www.encore-labs.com/how-sample-preparation-works-in-cannabis-testing-labs
Kleggy90, thanks.
cutshort - Can you put the link, break it up please, leave a few gaps so I can view this, thanks.
Before anyone busts my balls, look at my history - I have spoken to a contact in Slovenia (As I said I would last night) and he cannot find the certificate for this company - That is not to say there is not one - I have an email address passed from him and have emailed them - They will know 100%, that is what I have been told and I have a long history with this company in Slovenia.
In the meantime, its a fact that MGC have made this statement:
https://wcsecure.weblink.com.au/pdf/MXC/02247069.pdf
"Three-year EU GMP licence granted MXC (MGC Pharmaceuticals) was successfully granted a three-year renewal of its EU GMP license for its Slovenian manufacturing and compounding facility, following an annual audit conducted by the JAZMP, the government agency of medicinal products and medical devices of the Republic of Slovenia. The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products"
Correct me if I am wrong, is there any information out in the public domain that can dispute this paragraph?
Below is a link - Who are JAZMP?
Agency for Medicinal Products and Medical Devices of the Republic of Slovenia
https://www.jazmp.si/en/regulation-of-activities/lists/
https://www.jazmp.si/en/human-medicines/regulatory-information/issuing-of-certificates-on-the-quality-of-medicinal-products/
I have also checked this site - https://www.ema.europa.eu/en/human-regulatory/research-development/compliance/good-manufacturing-practice
Here you can see what is required to obtain a certficate - https://ec.europa.eu/health/documents/eudralex/vol-4_en
Here is the link to the database:
https://www.ema.europa.eu/en/human-regulatory/research-development/compliance/good-manufacturing-practice/eudragmdp-database
Here you can search the data base for - http://eudragmdp.ema.europa.eu/inspections/gmpc/index.do
Which leads to - http://eudragmdp.ema.europa.eu/inspections/gmpc/searchGMPCompliance.do
The certificate does not exist under MGC PHARMA or MGC PHARMACEUTICALS LTD.
Does not mean it does not exist under a different company - I don't have time to go down that rabbit hole. I have sent the email to the person who will tell me, one way or the other.
Feel free to pull this post apart - I want to see the EU GMP Certificate - Anyone else has access to this, or knows anything, that would be helpful.
slimyo, yes 25 years plus - Used to have head shops in London, I set up the GW Pharma in Norfolk - I am the founder of Everyonedoesit.com had a forum with millions of members, EDIT, sold for 8 figures - You can use Archive.org - I was a friend of Howard Marks Mr. Nice - EDIT got closed down by the UK/USA authorties - We are into genetics, work with all seed banks in the Netherlands, US, Chile, Canada - I own the patent on the Space Case Grinder, I can go on and on.
BigBobBet - They are not growing weed, not 300,000 plants, think about it. RnD on Israel is questionable, I am going to find out about Isreal tomorrow - I want to see why a proffessor will use a UK companhy when they have plenty of assets on the ground. No-one has a held a license to grow apart from GWP, and now NL in Jersey in December 2020 have been given a 1 year contract. These are facts, DYOR and find out - Not someone on a BB talking about they know people who have had Home Office THC Medical Cannabis licenses - CBD yes, THC, not in a million years.
And before UTRS makes another statement that I need to research, InterCure, which owns one of Israel’s largest and most established medical cannabis producers, Canndoc - A proffessor from Isreal, OK.
Here is a read, give you an idea why everyone has gone to the USA and Canada, not the UK
https://www.israel21c.org/the-israeli-pharmacologist-who-kick-started-marijuana-research/
If you want to do a degree - https://nocamels.com/2019/07/israeli-college-bachelors-degree-medical-cannabis-studies/
UTRS, how can they grow THC product with no license, they cannot - But they can grow CBD, hence why they need 30/50 hectares - Bridge Farm Greenhouses is a nursery company, not a cannabis company - You are right, they sell flowers, but not the ones you are thinking about, LOL. I can tell you everything, that is just the problem, you eyes are closed!
And there it is, in black and white 0.2%THC - Let me explain something to you, 0.2%THC is the max limited in the UK to GROW CBD, why? Because that is the legal amount, ie: too obtain a license - I will give you the list of seeds that you are allowed to use if you like.
If you actually think that a license will be given to grow 300,000 high grade THC plants, that must be between 20/25% THC (not 0.2% THC - A rabit might bet high though if it eats the field) then fine -GL with that.
Do you really think that if the market was there for 300,000 plants of high grade med cannabis THC that GWP would allow competetion in the UK? They would go to the market, raise capital and do it tomorrow! If you do, then you better research GWP and find out who in goverment is with them - You have more chance of landing on planet Pluto than to get a Home Office license.
If they recieve a license from the Home Office to build, grow and export flower for 1200 plants, fine - I am with you on that, its possible - waste of time, creates a good headline but nothing on the balance sheet.
Having a CBD licence for poly tunnels on 30/50 hectares is easy, Romania, Sloveina have been doing it for years - Is there a business model there, yes - But don't think its near GWP or a nursery centre. China can at anytime swamp Europe with CBD, go and see what they do - They do 50,000 hectare grows, and plenty of them.
SmlFry, this is from MGC Pharma - Correct me if I am wrong, that states "The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products"
We have to ask, are you going to believe what a poster on a BB states OR what the company you have invested in has stated in black and white.
The question is: Who is lying, these two with several others or MGC?
LICENCES AGREEMENTS
Three-year EU GMP licence granted MXC was successfully granted a three-year renewal of its EU GMP license for its Slovenian manufacturing and compounding facility, following an annual audit conducted by the JAZMP, the government agency of medicinal products and medical devices of the Republic of Slovenia. The EU GMP licence is the most highly credentialled in the world for compliance and is essential for the production and manufacturing of pharma grade medicinal products. This provides certainty for the ability of MGC Pharma to continue to research, development and, manufacture its suite of proprietary cannabinoid IMP products from its Slovenian EU GMP production facility for the next 3 years until its next EU GMP audit
Ehsan - This is the problem with this industry, everyone thinks they know it all, when they know next to nothing. Just because a few of these idiots can use a pack of Raw papers and roll one up, they are experts, PMSL at some of these comments.
I have read a lot of the board in the last hour, so everything on MGC site must be false, Turner & Pope must be in on the con, I know one of those guys and they do due dil - Not to say directors can't go rogue, they do - But this early in the game.