Wednesday, July 30, 2014 1:00:36 AM
After checking their website that sells their "High Quality CBD Capsules" seemed to be legit to me at first. I decided to do basic search of the people who make up their board, as well as their products. For starters the only picture of the company is the one with a car covering half of the sign, also it does not look like a lab nor a warehouse, if they are selling all these products, where are they stored? Makes me think they have a closet full of products that nobody is buying. Why do all the pictures of their products look legit except for the picture of the CBD Oil, which I understand is their most popular item. If you look closely you'll notice that you can see the person taking the picture. My hypothesis regarding their products is as follows. A, There is most likely a third party that makes these items to order, most likely with a minimum order of 10 and slaps a generic label on them showing GRCU's "brand", and then GRCU ships them to their customers and stores the remaining in their storage. B, Assuming their products do come from a third party with the exception of the CBD Capsules, I don't see how they are producing these products, what are they tied to that allows them to cultivate the necessary ingredients to produce their CBD capsules, more reasons to believe a third party is involved. C, Current MJ stocks that are also selling similar products are also tied to Greenhouses or dispensaries which allows them to have the raw ingredient's to mass produce their product, again what is GRCU tied to that allows them to have access to the fundamentals of their product. One can say they can purchase the raw ingredients, which brings me to my next point. D, As I stated earlier signs their product comes from a third party is as follows, purchasing the raw ingredients seems to be costly, which one of the board members would even know how to make the product like a pain relief cream they sell on their site, do you really think they know how to do this, let alone where are they doing this? in the PR they released stating they ran out of CBD products and were going to issue refunds as well as $40 shop credits,they would lose $1000 per 25 unfilled customer orders, wouldn't that outweigh the profits from the obviously small amounts of CBD capsules they had. at the moment they haven't shared the amount of customer unfilled orders. Also don't you think if the PR was positive news, they would have boasted the amount of CBD's they sold. Moving on from that, they stated something along the lines of they are searching for contractors that can produce their high quality products, makes me think they where already using contractors to begin with, this is just making it known to the public. I personally work for a large Company traded on the nasdaq, and we use vendors and contractors to sell products we never touch, we only advertise the product. This is why I have strong feelings that they are using third party's. When done correctly can be profitable, but as the Board of directors from GRCU goes, they seem like a joke as I did extensive research on each one. If you care to know what I found on them, let me know and I shall post it tomorrow.
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