Friday, February 28, 2014 2:18:13 PM
BudGenius never addressed the social networking space as it claimed it would! As a result, this space has already been claimed by others willing to do the work.
From BudGenius boilerplate:
"About BudGenius.com
BudGenius.com is a social networking website, and leading provider of medical marijuana testing services located in California."
BG has done NOTHING in the social networking space, as evidenced by their pathetic Twitter presence:
https://twitter.com/budgenius
Screenshot:
BudGenius tweeted ONE article, and addressed a disgruntled user report of a LOGIN problem. Although, to their credit, it WAS reported that BudGenius fixed the problem- IN THREE WEEKS!! ARRGGHH!
That marijuana social media space has now been taken over NATIONALLY by LEAFLY.COM, currently a private company cited here for comparison purposes only (not being spammed- no shares available):
http://www.leafly.com/
Check out LEAFLY's REVENUE and Website Stats as of June of last year (even before Colorado legalization took effect).
It's at 7:30 of this video, lasts less than two minutes:
Y'hear that? Over $100K per month revenues? Over 2 MILLION monthly website visits? (From a CEO that isn't afraid to show his face!)
And as for LEAFLY's Twitter presence? It's SMOKIN'!:
https://twitter.com/Leafly
Screenshot:
And on top of that, they have hundreds of thousands of reviews actually posted ON THEIR OWN SITE!
Talk about the Google of Pot! LEAFLY is already the Google, the Yelp, and a bit of the Amazon of Pot! (Again- not spamming here- shares can't even be bought... yet... )
Yeah, yeah..."BUT THEY DON'T DO TESTING!! OR HAVE BG's SUPERSMART DATABASE"
Believe me, if LEAFLY sees "testing" as a potential profit center, they can integrate it in days. The framework is all there.
And also believe me- BG HAS NO SUPERSMART DATABASE. All they have is records of strain tests that are obsolete as soon as that crop is sold.
And RIGH has pathetic revenue, as determined from reports on BudGenius:
From
budgenius.com/sitemap.html ,
All the testing done by BudGenius since 2010 is listed on that page in chronological order. The first test done in 2013 is:
BG0010001F188: Headband by Holistic Healing Collective
Click on that test and you'll see it was-
"Analyzed 01/04/2013
Bud Genius Laboratories (CA1"
That's the first test done in 2013. There are ONLY 259 tests done after that, into 2014.
So what's the revenue from those 260 tests?
If we assume BudGenius got $150 per test, we get-
260 times $150 = $39,000.
$39,000
Thirty-nine Thousand Dollars?
$39,000???? ARRGGHH!!
RIGH has revenues of less than $40,000 from ALL BudGenius lab testing in all of 2013 and 2014??
And that's using a very generous $150 per test.
And that's before expenses are taken out!!!
There's NO WAY RIGH IS MAKING ANY MONEY WITH THIS REVENUE!!!
Mom and Pop groceries do better!!!
LEAFLY does TRIPLE that in a MONTH!!! (see video)
MIA CEO Angel Stanz threw up a lotta smoke two years ago, but hasn't done a damn thing since.
In that time, he's already missed this big wave. The "first-mover" advantage has been taken by LEAFLY.
You just gotta look for it, folks. The facts are all here.
Newbies: beware of the "impending" (or is it? WE DON'T KNOW!!) release of Financials. Given RIGH'S apparent lack of revenue, it's not likely to be good.
Best to all.
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