Update from the conference:
It was a nice day down there...Stadnyk didn't have much to say during his speech, but instead left most of the talking up to John Fowler. It is very clear to me that Stadnyk is NOT well-versed in cannabis; however, he and his partners are the business brains behind the operation, and Fowler and the Master Grower are definitely the head and the neck. As discussed in the conference, the most successful grow plays will need a conglomeration between these two sorts of people: the "hippy" stoner experienced grower and the big-wig business buff. It's evident that Supreme has both sides working here.
As for uplisting -- I didn't hear anything about that, but I think they're getting decent publicity on CSE....However, I can see an uplisting to TSX if we go through a consolidation....
On the topic of consolidation, Zach Stadnyk, David's son, was telling me that there is potential for a 10:1 consolidation (that's nothing we didn't know already) but management is reluctant to do anything higher than 5 to 1. These guys own shares....They too believe in the dream. I cannot foresee a consolidation to be a BAD thing at all for this company.
On the topic of Warrants.....Zach is anticipating they'll be dumped within a few weeks (especially at the rate thay have so been doing) as long as we're keeping above the .05-.06 obviously.
On the topic of West Coast Capital in the issuance of shares over Facility 2, Sillylung, I am unable to answer anything right now.... Stadnyk wasn't there for the morning and he ended up coming for his speech, then staying for the afternoon, but I ended up mostly talking to his son who assured me that he'd find out about West Coast Capital .Inc tomorrow. I'm going to email him soon and figure out what I can. He didn't have any idea, and so he said he'd need to ask.
Overall I had a strong impression of the company and would say once again that I believe in the plant, the medicine, the industry, and the aforementioned company. They told me what's going on with F2....They're planning on meeting their deadlines....This is quite possibly the BEST greenhouse in Canada and they will be opening up around 60,000sqft to begin with.
Those who are concerned with maintaining a large space need not worry because they have separated several rooms within in such a way that no one room will be able to contaminate another. If there is a problem with one room, they can simply rectify it within and keep it separate from the rest of the grow.
I listened to some greenhouse sceptics today, and they suggested that hydro would be exepsnive when trying to cool down a greenhouse. Keep in mind everybody that because of Supreme's Kinkardin location -- close proximity to a power plant -- they are getting 1/2 price on their powwer. They have absolutely NO zoning issues with the area. People were approaching them with their children's resumes and were particularly excited about the influx of jobs soon to approach the area.
I did hear a rumour (unconfirmed) that Tweed's latest acquisition is in an area which is unfavourable to the locals (and I can see why, in Niagara on the Lake). Apparently they're stinkin' up the place and the neighbours don't want it! I am surprised as to why they'd acquire this facility.
After attending the conference I must say that my only concern for Supreme is, after they establish a greater square footage, how will they go about licensing new growhouse workers? Tweed mentioned today that this is one of its largest trials -- because Health Canada currently has very particular guidelines on such things -- and growers must go through a screening process. I THINK that a lot of Tweed's problems with supply might be due to this factor, and that perhaps Supreme may have this issue in the interim. Though, since they are approved for the whole 347,000 odd sqft perhaps Health Canada will make their process easier for allowing more grow-op employees.
Otherwise is was an extremely enlightening day on other events, such as the benefits of cannabis in medicine and prevention. I'd recommend you all to see it; I believe next stop is Colorado.
There are some duds there too, IMO, and I'd encourage you all to check out Satori Resources.... They had a booth, but they're an interesting company.... I can provide more if anyone's interested.... But NOT a solid venture, IMO.....
