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Sunset Island Group Inc (SIGO)

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August 22, 2017



Sunset Island Group, SIGO (OTCQB) has 4,031,771 Shares Outstanding

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243478

https://www.sos.state.co.us/biz/ViewImage.do?fileId=20171622559&masterFileId=20051365777

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12242351


https://www.otcmarkets.com/stock/SIGO/news/Sunset-Island-Group-Announces-Three-Year-Lock-Up-Agreement-On-Over-90--of-All-Outstanding-Shares?id=167301&b=y

Currently trading at 1.9 per share

Which equates to a 7.66M market cap




"The Company’s goal is to become one of the largest cultivation entities in California
with the ultimate objective of becoming an acquisition target."  8K August 18th

Sunset Island Group is a cannabis grow facility located in San Clemente, California.  See images below.
The Company began initial planting in April, 2017. They harvest year round and their first harvest is taking
place now (late July, early August).  They currently operate in 22,000 square feet of green house space and
expect to increase that amount in the near future to somewhere between 152K square feet and 230K square
feet.  The company has projected a very conservative $200.00 per square foot in annual revenue.


Neither of the officers in the company take a salary!  The company recently announced a dividend for all
shareholders which will be paid monthly and officer compensation will be through this dividend only.


https://www.otcmarkets.com/stock/SIGO/news/Sunset-Island-Group-To-Implement-Monthly-Dividend-For-Shareholders?id=166492&b=y


"Cannabis Grows Can Be Wildly Profitable When Done Correctly."



Sunset Island Group is the only company in the state of California and one of only two nationally
utilizing the MAPAL grow system.  This allows the company to reuse or recycle drainage water and
nutrients and it cuts water usage compared to competitors by up to 70%.  See the link below...



http://www.mapalagro.com/site/en/pages/homepage.asp 


The company also recently received the highest certification possible for cannabis growers which certifies them
as one of only a handful of cannabis growers in the state of California with Enviroganic Certification status!






The company has stated that as part of their initial expansion phase,

they will occupy a minimum of 152K square feet of grow space...



...and potentially up to



230,000K Square Feet

of Grow Space!!!


https://www.otcmarkets.com/stock/SIGO/news/Sunset-Island-Group-Targeting-230K-Square-Feet-of-Cannabis-Grow-Space?id=166307&b=y

 



The company said in their initial PR to expect $200 per square foot, so that's what we've used here. 
There's 22K square feet currently, 152K square feet minimum after expansion and up to 230K
 square feet after expansion.  So what's a reasonable price per share?  See below...


 

 
Square Footage Annual Revenue Operating
Costs @ 60%
Annual Profits
@ 40%
# Outstanding Conservative
Multiple

Price Per Share
 
22000* $4,400,000  $2,640,000 $1,760,000 4,031,771 15 $6.54
152000 $30,400,000 $18,240,000 $12,160,000 4,031,771 15 $45.24
230000 $46,000,000 $27,600,000 $18,400,000 4,031,771 15 $68.45


* Current Square Footage

NOTE:  As of today, the outstanding share count is 4,031,771, however,
the company filed an S-1 on July 28th to raise funds for the expansion. 
Some or all of those shares could be sold into the market increasing
the O/S to as much as 24,031,771.







 


Sunset Island Group, Inc. Announces Shareholder Dividend for August


San Clemente, CA -- August 22, 2017 -- InvestorsHub NewsWire -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will issue a monthly dividend of .001 per share based on the projected revenue performance for the month of August 2017. Each monthly dividend going forward will be based on actual monthly revenue performance.

CEO T.J. Magallanes stated, "We shared this recently in an 8K, but let me make it clear to our shareholders; our goal is to become one of the largest cannabis cultivation entities in the state of California with the ultimate objective of becoming an acquisition target. An attractive acquisition target is obviously one that generates impressive revenues with reasonable operating costs, but we also believe that an attractive acquisition target is one where the established culture and integrity of the business is heads and shoulders above the competition.

Mr. Magallanes went on to say, A business of integrity is one that looks out for all parties involved. For example, (1) We are growing our business without the use of any convertible debt. (2) Within days, we will have approximately 4M shares left outstanding as we convert shares held by officers from common share status to preferred. (3) None of the officers of the company take a salary. Officers are compensated via the monthly dividend the same as all other shareholders. (4) All shareholders will continue to receive a monthly dividend on an ongoing monthly basis. (5) We have implemented strict protocols which have allowed us to receive the highest cannabis certification available to cannabis growers. These policies and procedures will also allow for efficient scalability as we expand the business. (6) The first phase of expansion is expected to move us to a minimum of 152K square feet with the possibility of additional square footage being negotiated. These are just a few of the examples of how were building a business of integrity that our employees, business partners and shareholders can be proud of for years to come.

CFO Valerie Baugher stated, "The dividend will be paid out to all shareholders of record on September 15, 2017 with an expected payment date of September 25, 2017. Each shareholder of record will receive either a check from the company or a cash payment will be deposited directly into a shareholders investment account by their broker. More specifics will be provided on that same day in an 8K. As always, we thank you for your support."


8K - August 18th

The Company has received questions regarding the Company’s operations. The Company felt it was appropriate to answer the questions through an 8-K instead of emailing the individuals directly.

Q1. Would the company’s officers consider cancelling their common stock in exchange for preferred stock?

A1. The Company’s officers’ are agreeable to this and will begin the process next week to complete the transfer of the common to preferred. The cancelation of the common would reduce the outstanding share count to approximately 4 million shares.

 

8K - August 16th
 

On August 15, 2017, we met our current leaseholder regarding leasing additional square footage for our first phase of expansion.  The company will be conducting follow up discussions in the coming days on leasing between 130,000 and 205,000 square feet of the 750,000 square feet the landlord has available for lease.

On October 18, 2017, the company will hold a facility tour.  Anyone interested in joining the tour should email us each person's full name and copy of driver's license to info@sunsetislandgroup.com.  The group will be picked up at a designated location and driven to the facility.  No phones or cameras will be allowed.



Sunset Island Group Announces Three Year Lock-Up Agreement On Over 90% of All Outstanding Shares

SAN CLEMENTE, Calif., Aug. 15, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company is executing a formal three year Lock-Up Agreement with respect to 91.94% of all outstanding shares.

CEO T.J. Magallanes stated, "We are in this for the long haul.  As we expand our operations, we will do so with the focused mindset of capturing as much market share as possible.  In order to provide one more example of how committed we are to both the business and the shareholders, Valerie and I will be locking up our combined 46M shares for the next three years."

CFO Valerie Baugher stated, "With this step, we are reaffirming to our employees and shareholders that we believe strongly in the vision of the company.  We want everyone involved in the business end of things to focus strictly on the operation and not worry about stock value, market cap or anything else unrelated to building our business and our brand.  If we do so, stock value, market cap, etc. will take care of itself."

Ms. Baugher finished up with, "As mentioned in a previous release, we will provide updates on our expansion and specific details on the monthly dividend later this month.  As always, we thank you for your support."



Sunset Island Group To Implement Monthly Dividend For Shareholders

SAN CLEMENTE, Calif., Aug. 7, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will implement a monthly dividend to be paid out on a consistent ongoing basis to shareholders of record.

CEO T.J. Magallanes stated, "Let me first cover some details and numbers of interest."

1.      We have a top notch team of professionals that are experts at what they do.  We currently have 15 employees that work as part of our planting crew, our harvesting crew or our trimming crew.  Please note that additional employees will be added as needed as we expand operations.

2.      Each "Bay" of our overall grow space is comprised of 2,000 square feet.  As we expand our operations, this will always remain a constant for scalability and efficiency.

3.      Bays are set up on a rotational basis so that our company harvests year round.  Each bay can be harvested three times per year.  In order to ensure three quality harvests per year, we have implemented the MAPAL Agro system.  (For more information, see the link below.)

4.      Most grow facilities plant directly into the ground or in pots.  From day one, our company chose to implement this state of the art program to ensure cost savings, consistency and the best possible return on investment.

5.      We are the only company in the state of California and one of only two nationally utilizing the MAPAL program.  This allows us to reuse or recycle drainage water and nutrients and it cuts water usage compared to our competitors by up to 70%. 

6.      From August 1st  through August 14th, the company is projected to generate $158,000.00 in sales.  This revenue is from the harvest of approximately 3000 square feet of grow space.  This is our first harvest.  The same square footage should generate approximately $200,000.00 on an on-going basis as we become more efficient.  This number also parallels our projection of $200.00 per square foot on an annual basis.

7.      For phase one of our expansion, we are committed to a minimum of 66K square feet of grow space and a maximum of 230K square feet.  Negotiations are still in the works for the additional square footage, but things are looking favorable at this point.

8.      Long term, as we build out our brand and gain customer trust and loyalty, our business is scalable to whatever size is necessary to meet demand.

Mr. Magallanes went on to say, "We had requests that we share more information about the company and our operations.  We hope that the information provided and the MAPAL Agro link help shareholders to better understand the business, the revenue expectations and why we feel our company is a great investment.  Another reason why our company is a fantastic opportunity for shareholders is the fact that we have decided to implement a monthly dividend that will be paid out to shareholders of record beginning August 2017.  The details will follow, but here's something else we'd like to share with you.  Valerie and I do not take a salary from the company. The monthly dividend will act as our compensation.  If the company does well, we do well and so will our shareholders.  Putting the two of us on a level playing field with shareholders is our way of showing you how much we appreciate your support.  If we benefit, you benefit and vice versa."

CFO Valerie Baugher stated, "We want you to know as much as possible about our company and how we operate, so we'll continue from time to time to provide educational type information about the business in our press releases. In addition, our website link is listed below and we plan to update the site with more detailed information soon.  I'll be the one providing more information and specific details on the monthly dividend payment and will do so later this month.  In addition to that, we still have one or two more exciting pieces of news for you that we'll cover in the coming weeks.  As always, we thank you for your support."

https://www.sunsetislandgroup.com/ 

http://www.mapalagro.com/site/en/pages/homepage.asp 



Sunset Island Group Targeting 230K Square Feet of Cannabis Grow Space

SAN CLEMENTE, Calif., Aug. 3, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that they have looked at additional expansion space that's available and that they are now considering 230,000 square feet of cannabis grow space.

CEO T.J. Magallanes stated, "We have a very solid plan for accessing additional capital for expansion that will more than meet our previously announced expansion plans.  With that being said, as a result of recent discussions with our current lease holder, it has come to our attention that up to 230K square feet of additional grow space could become available soon at very favorable terms.  We are strongly considering this option based on the terms presented.  Based on the results of our first harvest and the overall performance of our team, we are of the opinion that we should be able to scale up production at a much quicker pace than originally expected."

CFO Valerie Baugher stated, "Even if we do not immediately put all of that square footage into production, another consideration is the permitting and licensing requirements that will be put into effect across the state of California at the beginning of next year.  Every indication points to less growers across the state as the legal requirements become more stringent.  Having a surplus of square footage could become an advantage to us if in fact the demand for product becomes more than available supply."

Mr. Magallanes went on to say, "We are working out the details on two more pieces of very exciting news and will share with our investors in the coming weeks.  If both of these come to fruition, there's no doubt in our minds that investors will be extremely pleased with their investment in Sunset Island Group."



Sunset Island Group To Secure Multiple Cultivation Agreements

SAN CLEMENTE, Calif., Aug. 1, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company is in the process of securing multiple cultivation agreements in order to facilitate expansion plans.

CEO T.J. Magallanes stated, "In the state of California, cultivation agreements are part of the legal requirements for cannabis producers.  As stated in a prior press release, we are looking at approximately 66K square feet of total grow space as the first phase of our expansion plans.  We are securing cultivation agreements to meet that target, but a recent discussion and potential favorable opportunity have pushed us to secure cultivation agreements well above the previously announced square footage.  There is a very real chance that we will expand well beyond our original planned square footage and we are awaiting word on whether this will come to fruition.  The additional cultivation agreements that we are currently securing are in anticipation of that being the case.  We should know by August 15th at the latest, but preliminary indications are favorable."

CFO Valerie Baugher stated, "My role is to ensure that the company is capable of growing at a pace that is in line with projected operating capital and preliminary indications are that we should be able to expand well beyond the square footage previously announced.  We look forward to sharing more about this incredible opportunity with investors on or before August 15th."

Mr. Magallanes went on to say, "These are exciting times for our company and there are so many positives in the pipeline.  We have three more bits of exciting news to share with our investors in the coming weeks.  We feel strongly that investors should find what we have to cover to be very favorable to their long term investment in our company."



Sunset Island Group Files S-1 to raise funds for expansion
 

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12195440



Sunset Island Group Announces First Cannabis Harvest and Expansion Plans

SAN CLEMENTE, Calif., July 20, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that it is in the process of harvesting its first 4,000 square feet of grow space and that the entire run has already been pre-sold to a cannabis supplier in Southern California.

CEO T.J. Magallanes stated, "This is our first real opportunity to share our plan with the investment community, so let's get into some of the detail.  First, we are set up for year round harvesting.  We have staggered growth in our initial grow space in such a way that we should remain in a constant state of "harvest".  A company like ours that has product available year round is an attractive resource for dispensaries across the state.  We have an excellent, experienced staff including security and our team is committed to a methodical, but aggressive build out of the business over time.  We are looking to scale up in the coming months by securing an additional 54,000 square feet of grow space and project a combined 66,000 square feet of grow space after our next expansion phase is completed.  Total greenhouse space with this first expansion should reach 90K as processing and manufacturing space is required as well for drying, trimming, etc."

Mr. Magallanes went on to say, "Our operation is projected to generate a conservative $200 annually per square foot of grow space over time.  In the short term, we are selling our first several harvests at a slight discount compared to our competitors in order to build name recognition and goodwill.  Grow space across the state is at a premium due to demand so we plan to execute long term leases as part of the expansion.  Several agricultural industries abandoned existing greenhouse space over the past decade and the state and local governments require the use of existing space, even those requiring retrofit before any new grow space is built.  We were able to build out our first facility at a reasonable price and expect to be able to do the same with the expansion."

Mr. Magallanes finished up with, "I am very proud of our team and we are excited about our coming expansion plans.  This first harvest has been a learning experience for all of us and we're already seeing ways that we can ensure improvements and increase our yield with each harvest to come.  I am focused 100% on the business end of things and that will always be the case, but we had a few questions recently about our share structure, so let me address those questions at this time.  We have no convertible debt and the debt currently on the books is the initial seed capital and that will be reduced in increments over time as the providers of that seed capital will be taking a small percentage of profits with each harvest.  We currently have a little over 50M shares outstanding as indicated at OTCMarkets.com and we have a little over 4M in the float. The other 46M shares are owned by me and our President.  We have an S-1 registration in the works that could increase the outstanding share count to as much as 70M, but from there we do not anticipate adding any additional shares to the mix as existing profits will be used for additional expansion over and above what's been discussed in this release.  I hope that is helpful when making your decision on whether to invest in our company.  We look forward to sharing additional updates in the near future."

 

Sunset Island Group Announces 80% Reduction In Authorized Share Count

SAN CLEMENTE, Calif., July 25, 2017 /PRNewswire/ -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company will be reducing the company's authorized share count by 80%.

CFO Valerie Baugher stated, "We currently have 50,031,771 shares outstanding and 4,031,771 shares in the float.  We are finishing up our first harvest and based on the results, we feel confident that over the long term, our outstanding share count should settle somewhere between where it is now and 70,000,000 shares.  That being the case, we are immediately reducing our authorized share count to an even 100,000,000 shares.  By second or third quarter of 2018, we fully expect existing profits to fund further expansion over and above the planned expansion outlined in our previous press release.  At that time, we may look at a further reduction in the authorized number as a show of good faith that we are serious about our long term commitment to shareholders."

CEO T.J. Magallanes stated, "As I've stated in the past, the best way that I can ensure shareholders are confident in their investment is to stay 100% focused on the business itself as we move toward expansion.  With a planned 66K square feet of grow space in the works, a conservative $200 in revenue per square foot projected, and now a stable and reasonable share structure, we hope that we've done our part at least in the short term to ensure that investors see the value in what we are building here; a company that employees and investors alike are proud to be a part of for years to come." 

 

      




 
SIGO
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SIGO News: Current Report Filing (8-k) 11:35 AM
SIGO News: Sunset Island Group, Inc. Announces Shareholder Dividend for August 07:30 AM
SIGO News: Current Report Filing (8-k) 08/21/2017 06:04:12 AM
SIGO News: Current Report Filing (8-k) 08/18/2017 01:49:27 PM
SIGO News: Current Report Filing (8-k) 08/18/2017 06:10:11 AM
News News Alert: Current Report Filing (8-k) 08/22/2017 11:35:30 AM
PostSubject
#10738  Sticky Note Chicagojosh, I'm a retired CPA. The valuation on QTRADERQ 08/22/17 12:09:44 AM
#8426  Sticky Note Sunset Island Group Announces Three Year Lock-Up Agreement BTKV 08/15/17 10:06:23 AM
#7176  Sticky Note Sunset Island Group To Secure Multiple Cultivation Agreements Shaz 08/01/17 10:17:33 AM
#11138   $SIGO - emit - Great to have you The Rooster 08/22/17 06:41:46 PM
#11137   More: https://www.instagrac.com/tag/farmwithstandards We need list all publi emit 08/22/17 06:36:52 PM
#11136   tk u JerrW 08/22/17 06:32:05 PM
#11135   Several clients here: emit 08/22/17 06:26:21 PM
#11134   But few knows bout it .not all mgazel 08/22/17 06:10:15 PM
#11133   EnvirOganic Certification verification JerrW 08/22/17 06:07:40 PM
#11132   Yah their news seems never hit the right mgazel 08/22/17 06:05:20 PM
#11131   Major news and it only hit iHub. That UncleFester 08/22/17 05:56:45 PM
#11130   float is extremely limited here. Camelot 08/22/17 05:55:22 PM
#11129   Nice that's always fun and sometimes can keep Yo-Yo 08/22/17 05:30:14 PM
#11128   $SIGO - Likewise, while in and out of The Rooster 08/22/17 05:25:51 PM
#11127   Regarding dividends (or employee salary), See sections V tradeho 08/22/17 05:25:49 PM
#11126   Boom, I'm also holding onto my original .28s GM26 08/22/17 04:55:47 PM
#11125   $SIGO - Awesome, same here! Loaded to the The Rooster 08/22/17 04:48:15 PM
#11124   First I don't wish any I'll will on buzzabby 08/22/17 04:47:04 PM
#11123   Its all bout sales in $$$ numbers and mgazel 08/22/17 04:37:03 PM
#11122   Not I! Holding for big pay day baby! $SIGO Backstabbed 08/22/17 04:31:34 PM
#11121   Only if they allow taste-testing product-sampling, lol emit 08/22/17 04:31:29 PM
#11120   Hope to get there. It is bloody today Maple tree 08/22/17 04:27:45 PM
#11119   Who is going :) mgazel 08/22/17 04:26:12 PM
#11118   It already does. Those shares were never penknee 08/22/17 04:24:49 PM
#11117   Me too. 2.30-2.50 is possible tomorrow. WHIP THE HORSE 08/22/17 04:23:25 PM
#11116   Somebody mentioned volatility. emit 08/22/17 04:23:07 PM
#11115   Not to worry, as LONGS will never boston127 08/22/17 04:19:30 PM
#11114   You go by technicals, I go by my gut. emit 08/22/17 04:11:08 PM
#11113   Bought all over the place today here go Yo-Yo 08/22/17 04:07:10 PM
#11112   Yes date-of-record is last day an investor has emit 08/22/17 04:07:04 PM
#11111   Keep refreshing the SOS Colorado site! SHORTS might Backstabbed 08/22/17 04:05:25 PM
#11110   slow day for us today but I think Camelot 08/22/17 04:05:12 PM
#11109   1 more trading session, and the O/S will Backstabbed 08/22/17 04:00:04 PM
#11108   It did not trade like that at .40-.50-1.00 buzzabby 08/22/17 03:58:41 PM
#11107   I'm stil few pages behind, but looks like emit 08/22/17 03:53:19 PM
#11106   great find. solid ash111 08/22/17 03:53:02 PM
#11105   EnvirOganic  is our highest level of certification and is emit 08/22/17 03:52:07 PM
#11104   SIGO just Received Enviroganic Certification, the Highest Level ash111 08/22/17 03:51:37 PM
#11103   Not sure what you mean. From what I BeerIsGood 08/22/17 03:51:23 PM
#11102   read sec filings + sos+ all there. very jimwalters 08/22/17 03:49:04 PM
#11101   This stock is so thin! Not funny! $SIGO Backstabbed 08/22/17 03:48:57 PM
#11100   Amazing read! $SIGO Backstabbed 08/22/17 03:47:42 PM
#11099   big gap up tmr. ash111 08/22/17 03:46:13 PM
#11098   $2! Oshinko 08/22/17 03:46:06 PM
#11097   $ SIGO = Load, Lock, & Hold!! Lock Rocco!! 08/22/17 03:45:53 PM
#11096   me, too! thank you for the cheap sellers!!! kei 08/22/17 03:45:16 PM
#11095   I tend to agree emit 08/22/17 03:43:48 PM
#11094   IMO It's trading normal for/with 50-70M OS. emit 08/22/17 03:42:05 PM
#11093   I have a 66 mustang willing to trade ADenn 08/22/17 03:37:25 PM
#11092   Is 8-22 the effective date? emit 08/22/17 03:37:22 PM
#11091   No tears, please. We will be OK. Alyssa 08/22/17 03:36:52 PM
#11090   No, it's based on revenues, ever-increasing revenues. Alyssa 08/22/17 03:35:45 PM
#11088   Fully loaded now. ash111 08/22/17 03:35:19 PM
PostSubject