Followers | 325 |
Posts | 20143 |
Boards Moderated | 5 |
Alias Born | 12/15/2012 |
Monday, June 28, 2021 6:57:10 AM
http://viridefund1.com/
https://luckychief.com/
https://online.fliphtml5.com/lwlue/gvvs/#p=24
https://fliphtml5.com/homepage/lwlue
https://youtu.be/W8xK_Qz4Ig4?t=29
EBITDA of 50mil Announced:...
https://www.reddit.com/r/pennystocks/comments/o947do/dman_huge_dd_thread_ebitda_of_50mil_announced/
https://twitter.com/lucky_chief
https://www.instagram.com/luckychiefca/
https://viridefund1.com/wp-content/uploads/2016/12/Logo-2.png
Acquired Viride Research Fund on 5/18:
- Viride is considered a leading co. in the global cannabis industry
- Assets incl. lucky chief dot com
- "Pioneer in the research, cultivation, production, and distribution of cannabis and cannabinoids"
More on Lucky Chief
- One of 1st licensed producers of cannabis concentrations in CA
- Have DoH license for their Type 7 lab for manufacturing/retail dist
- Acquisition also included Viride's THC Genetics Library + its interest in an extraction lab/dispensary
More on Lucky Chief
- Owns a 100k SF fully-automated greenhouse, 30-acre outdoor farm, 25k SF state-of-the-art indoor cultivation facility; in-house dispensary
- Partnership with mbxgrow dot com - "Silicon Valley bioscience company"
More on Lucky Chief
- Ian Dixon, CEO of DMAN (more on him later), ALSO founded CBD Switch Wellness
- They are building a massive 18-acre cannabis campus in Atwater, CA
- Lucky Chief said they will be "rolling up the dispensary buildout in Atwater" into DMAN
Show Me State Acquisition DMAN
acquired Show Me State on 6/8/21:
- comprises of 3 cannabis cultivation sites; 150k SF processing facility
- Expects to harvest 45k plants this season
- Est. 2021 EBITDA of ~$50 mil w/ "exceptional growth prospects moving forward"
https://investorshub.advfn.com/uimage/uploads/2021/6/25/rwnufdokument.pub-viride-fund-i-investment-pitch-deck-flipbook-pdf.jpg
Show Me State Acquisition
- Adds "premium brands" to the Lucky Chief portfolio; "national brand partners"
- "Bolsters Lucky Chief's expansion in US hubs and establishes a Midwest presence where cannabis was recently legalized for medicinal purposes"
Share Structure
https://www.otcmarkets.com/stock/DMAN/profile
- A/S has recently been reduced by 1.5 BILLION shares ("wanted to clean up the structure and signal to shareholders the plan on minimizing dilution")
- Outstanding Shares: 536 million
- Float: 248 million
- Market cap: ~$12 million
New Mgmt
- Pacific Technologies (prior DMAN co) taken over 1/1/21 for 100k Series A shrs; new website under const.
- Ian Dixon -new CEO (more on him later)
- P. Erdekian stays Director - Lucky Chief execs T. Noorbom
- CTO; M. Childress - CFO; A. Rudenstein - COO
The New CEO
- Ian Dixon owned/operated multiple real estate brokerages + an Inc 500 bank w/ +300 employees nationwide (2003-2009)
- "Currently very active in project acquisitions, deal structure, finance, and vendor and partner relationships"
The New CEO
- Ian Dixon invented/ran a sports tape co. ("War Tape") w/ domestic/international distribution. Has been used by world champs in MMA/boxing like Pacquiao/Silva/Rousey
- Has partnered with cos. like Reebok, UFC, Chevron, Starbucks
BIG CATALYSTS:
Investor deck week of 6/28/2021 According to CEO "early this week"
Fillings
DMAN TLDR:
Reduced A/S after acquisition from 2.5 bil to 999mil
Extremely Low Float 248mil...
Float is almost locked 15mil volume days takes this 20%
Current Market Cap of 15 million but just announced a EBITDA of 50 mil
Aggressive expansion
Marijuana legalization in multiple states
1st to get license in California - worth about 15 million right now to get one
Extremely experienced management
Well connected CEO
CEO lets his work talk... Doesn't create drama or tweet non stop \
Chart moving up organically
https://stockcharts.com/c-sc/sc?s=DMAN&p=D&b=5&g=0&i=t6081731326c&r=1624877670586
https://investorshub.advfn.com/uimage/uploads/2021/6/18/nlyqplucky_chief2.jpg
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