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Ohio Issues Level I Cultivator Provisional Licenses, Bad News for Liberty & MPX

November 30, 2017

 

This morning, the Ohio Department of Commerce announced license approvals for 11 Level I cultivators. As you will notice, there was no license awarded to Liberty Health Sciences (CSE:LHS) (OTC:LHSIF), the American sister-company of Aphria Inc. (TSX:APH) (OTC:APHQF)

 

Besides the bad news for shareholders of Liberty Health, this was also bad news for shareholders of MPX Bioceutical (CSE: MPX) (OTC: MPXEF), which also put in three applications under the name GreenMart. Shares of Liberty are being hit far harder than MPX in the markets today, currently down over 30% intraday compared to MPX, which is down nearly 10%. 

 

While interested parties could submit multiple applications, they were only able to receive one provisional license each. These Level I cultivators will be the largest in Ohio, as each Level II licensee is capped at having 3,000 square foot maximum of grow space.  Each awarded Level I licensee will be allowed to have a whopping 25,000 square feet of cultivation operations.

 

The licensees and their applications are as follows:

 

The awarded Level I cultivator provisional licensees have up to 10 days to choose the location for the cultivation facility.

 

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