I will answer your statements with statement of fact as I know to be true. For full confirmation of my facts you can do the following research.
1-Contact public records for the Town of Lakeshore
2-Contact the Chief Administrative Officer for the Town of Lakeshore
You said:
CEN Bio applied for a building permit for their #Site with full disclosure that it was an mj grow facility.
Fact:
Jim Shaaban applied for a building permit to construct a pole barn, stated use Agricultural Storage, and a fence. Cost listed on the permit was $800,000.00 for the pole barn, $100,000.00 for the fence.
You Said:
They granted the permit under existing bylaws.
Fact:
Tghe site the two buildings are located on is zoned Agricultural Value Added. It is land usage which dictates compliance. They could have built a woodshed on that land, deemed it agrucltural storage, and been allowed to build it.
You said:
Since we DO know that HC requires an applicant to inform the local governing municipality of their intent we can assume there is a sign off in the HC application by the Town of Lakeshore.
Fact:
Correct in as much it is part of the process by which an applicant must complete this in order to be approved. However, the latter part is not correct. The Town of Lakeshore has not signed off on anything as they have not approved any medical mj grow ops for the town. That statement of fact can be found in the mission statement in the documents published by the town prior to the September 9, 2014 meeting. The notice to the town the company had filed their intent to seek a production license was given to the town after the company had informed HC they were ready for the pre-license inspection. The town received this information prior to a June meeting and it was received just minutes before town hall was closing. That was mentioned at the beginning of that meeting by Tom Bain on camera. Companies must comply with all local zoning by-laws.
This is not to say the company will not be approved or they will not receive thier license but expecations are created by false information. I posted the process by which a zoning application amendment takes so investors will know that if there is a town meeting next week there is no expectation or pump or bashing saying they will be approved or turned down. The simple fact of the matter is if the town announces their intent to approve the proposed amendments, CEN will know exactly where they stand in terms of process. Once they give notice the clock begins ticking and the 45-60+20 day appeal periond comes into play at which time investors and the company can expect a final decision from both Town Council and the Ontario Municipal Board who will give assent to the application. That way no basher can make up "facts" saying they heard it was turned down or not being passed or short term pumpers stating it was approved when you know for a fact the process had not yet been completed nor a vote taken.
In light of the price movement and the malicious statements being made by bashers and the overly optimistic statements made my short term traders, at least you will know where the company, and your investment, stands in the process which must occur.
If you will note in the last Lakeshore published documents it states under Jim Shaaban: (page 80) Owns one of the 27 facilities approved by Health Canada and has obtained a ready to build letter from Health Canada. This is an interesting statement. It implies Bills cousin, who applied for and whose name appears on the building permits for site #1 either is working for a competing company, or Jim let the cat out of the bag by stating they have been approved when no such announcement has been made (not very likely as the statement was made prior to July 15th and the inspection did not take place until July 31 so you know it is not CEN that was approved), or the town clerk erred in that statement and meant to say has applied for approval by Health Canada. That statement has no context and it is curious why it even is in there.
For more on this please view the following pages of that town document.
Page 67 - Paragraph two. What is important is at the time of that document, July 15th CEN has not yet submitted a more detailed concept plan (site plan). The applicant, has been advised that in the interim, the Town will continue to process the Town initiated and so on....
Page 77 ...applicaton for a medical marijuana facility will require site plan control.... The Town initiated amendments are not specific to any one site, and apply to all of Lakeshore. (those two excerpts not in order)
Page 79 Solicitor Jim Renick stated that grandfather provisions typcially apply to a use that is already established and where a building permit has been issued for the specific use. No building permit was issued for a medical marijuana facility to date.
I think that last line pretty much sums it up. And no matter how you wish to spin it, the buildings are in the name of Jim Shaaban, not CEN Biotech. The building permits are there to see and available under the Freedom of Information Act. Permits were not issued to CEN but to Jim Shaaban. If the land title has changed hands, great! But the permits were not applied for by CEN.
Again, facts should help you to know what the context of your investment is, not stoke fear nor allow for unrealistic timelines, which are not going to be met, be put forth to create expectations not met.
1-Contact public records for the Town of Lakeshore
2-Contact the Chief Administrative Officer for the Town of Lakeshore
You said:
CEN Bio applied for a building permit for their #Site with full disclosure that it was an mj grow facility.
Fact:
Jim Shaaban applied for a building permit to construct a pole barn, stated use Agricultural Storage, and a fence. Cost listed on the permit was $800,000.00 for the pole barn, $100,000.00 for the fence.
You Said:
They granted the permit under existing bylaws.
Fact:
Tghe site the two buildings are located on is zoned Agricultural Value Added. It is land usage which dictates compliance. They could have built a woodshed on that land, deemed it agrucltural storage, and been allowed to build it.
You said:
Since we DO know that HC requires an applicant to inform the local governing municipality of their intent we can assume there is a sign off in the HC application by the Town of Lakeshore.
Fact:
Correct in as much it is part of the process by which an applicant must complete this in order to be approved. However, the latter part is not correct. The Town of Lakeshore has not signed off on anything as they have not approved any medical mj grow ops for the town. That statement of fact can be found in the mission statement in the documents published by the town prior to the September 9, 2014 meeting. The notice to the town the company had filed their intent to seek a production license was given to the town after the company had informed HC they were ready for the pre-license inspection. The town received this information prior to a June meeting and it was received just minutes before town hall was closing. That was mentioned at the beginning of that meeting by Tom Bain on camera. Companies must comply with all local zoning by-laws.
This is not to say the company will not be approved or they will not receive thier license but expecations are created by false information. I posted the process by which a zoning application amendment takes so investors will know that if there is a town meeting next week there is no expectation or pump or bashing saying they will be approved or turned down. The simple fact of the matter is if the town announces their intent to approve the proposed amendments, CEN will know exactly where they stand in terms of process. Once they give notice the clock begins ticking and the 45-60+20 day appeal periond comes into play at which time investors and the company can expect a final decision from both Town Council and the Ontario Municipal Board who will give assent to the application. That way no basher can make up "facts" saying they heard it was turned down or not being passed or short term pumpers stating it was approved when you know for a fact the process had not yet been completed nor a vote taken.
In light of the price movement and the malicious statements being made by bashers and the overly optimistic statements made my short term traders, at least you will know where the company, and your investment, stands in the process which must occur.
If you will note in the last Lakeshore published documents it states under Jim Shaaban: (page 80) Owns one of the 27 facilities approved by Health Canada and has obtained a ready to build letter from Health Canada. This is an interesting statement. It implies Bills cousin, who applied for and whose name appears on the building permits for site #1 either is working for a competing company, or Jim let the cat out of the bag by stating they have been approved when no such announcement has been made (not very likely as the statement was made prior to July 15th and the inspection did not take place until July 31 so you know it is not CEN that was approved), or the town clerk erred in that statement and meant to say has applied for approval by Health Canada. That statement has no context and it is curious why it even is in there.
For more on this please view the following pages of that town document.
Page 67 - Paragraph two. What is important is at the time of that document, July 15th CEN has not yet submitted a more detailed concept plan (site plan). The applicant, has been advised that in the interim, the Town will continue to process the Town initiated and so on....
Page 77 ...applicaton for a medical marijuana facility will require site plan control.... The Town initiated amendments are not specific to any one site, and apply to all of Lakeshore. (those two excerpts not in order)
Page 79 Solicitor Jim Renick stated that grandfather provisions typcially apply to a use that is already established and where a building permit has been issued for the specific use. No building permit was issued for a medical marijuana facility to date.
I think that last line pretty much sums it up. And no matter how you wish to spin it, the buildings are in the name of Jim Shaaban, not CEN Biotech. The building permits are there to see and available under the Freedom of Information Act. Permits were not issued to CEN but to Jim Shaaban. If the land title has changed hands, great! But the permits were not applied for by CEN.
Again, facts should help you to know what the context of your investment is, not stoke fear nor allow for unrealistic timelines, which are not going to be met, be put forth to create expectations not met.
