No, InstaDose won't break CBD prices

Is it possible that an unknown player in the cannabis market could rise up in no time and revolutionize CBD oil production? It probably could. But when the announcement is too good to be true, it normally prompts a closer look.

A few days ago, a new cannabic trend was emerging on the Internet Instadose «Canada's largest producer lowers cannabis oil prices by 96.34%».

Canada's biggest cannabis producer? We thought it was Canopy. While some licensed Canadian producers aren't shy about presenting themselves as bigger than they are, bragging about being a country's biggest unlicensed producer is a bit daring. A quick search also reveals the absence of InstaDose in B2B news sites such as Marijuana Business Daily or Cannabis News Venture.

Is InstaDose too good to be true? It would seem so.

An invisible giant established in two months

In most cases, the newspapers that relayed the news simply published it. the company's press release.

He explains that the company is based in the Democratic Republic of Congo, where cannabis cultivation is illegal by the way, with «a production capacity of 900,000 liters of oil per year» thanks to its 200,000 farmers who cultivate 100,000 hectares of cannabis, the color of which is nowhere to be seen on the map. the company's website. By comparison, Canopy Growth, Canada's largest cannabis producer, covers 40 hectares. So to conceal the recruitment of 200,000 farmers in the Congo without even a mention in the local business press is nothing short of a miracle.

To grow cannabis in the Congo, the company explains that it first had to obtain the approval of the Congolese authorities, with whom it met. last October to discuss the. The Vice-Minister of Agriculture and representatives of other ministries were present. The project would require the granting of a special license for cultivation and export, coordination of the various ministries expected to supply equipment, and an investment of $25 million. The press release states that the Vice-Minister must now decide on the possibility of manufacturing cannabis-based medicines on Congolese soil.

In the recent press release published by the media, on the other hand, the company announced that it had already begun production of 90,000 liters of oil, ready to enter the world market in the coming months. In just two months, the company has obtained a license from the Congolese authorities, built production facilities (apparently certified to European GMP standards) «for $76 million» and begun production.

This is surely the fastest development in history. And others didn't fall for it either. When you look at the images of the so-called production sites in the Republic of Congo on the website, there's no trace of the facilities: no laboratories, no cultivation sites, even the equipment looks dilapidated and inadequate for such a large production area.

The precise location of the facilities is not indicated, the images of their operations in Argentina display the logo of another company «Bio Estériivet» and in their presentation spot, they integrate grain silos (?) which do not belong to them since the logo displays GSI Grain Systems.. 

But there's more to come. With a little digging, we found a YouTube video from the same site in 2016 that looks exactly the same. Instadose's mega installations? Just wind.

It's possible that the company is actually negotiating a contract with the Congolese authorities, in which case production costs will indeed be low. The rest, however, is invention. We know of the only medical cannabis project in the DRC, and it's not this one (we'll tell you more when it's official).

InstaDose also claims to be in discussions with «pharmaceutical giants» for the first Canadian import: « IDP is currently in discussions with major pharmaceutical companies to assist with the release of the first batch imported into Canada« . Canadian regulations specify although Canadian production is not intended for import/export under international treaties. Imports are extremely limited and can only be carried out by licensed Canadian producers, which is not the case for InstaDose Pharma.

InstaDose doesn't stop there: it also claims that its oil, which it describes as «the best quality in the world», will be distributed worldwide through sales agreements. Apparently, she is even in talks with the pharmaceutical and agri-food giant (Monsanto) Bayer. That's all there is to it. And nobody has heard of it, not even at Bayer.

To top it all off, InstaDose CEO Grant Sanders has a less-than-glamorous background, Equity.guru reveals. He was a spokesman and partner for Hemp agro, a company that had received approval from the Nicaraguan government to grow hemp. The company was accused of trafficking, They had chosen a reputed cocaine dealer as their local partner. One of their partners was a well-known cocaine dealer.

Business genius or an investment scam designed to prey on the naiveté of the uninitiated who see the cannabis boom as an opportunity to make a quick buck?

We tried to call the company to discuss these «minor inconsistencies». The company is unreachable on the two numbers provided. The media contact is directly on voicemail with a «please leave a message» summary.