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Sunset Island Group Inc (SIGO)

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Last Post: 8/18/2017 3:15:09 AM - Followers: 171 - Board type: Free - Posts Today: 12

August 16, 2017



SIGO has 50,031,771 Shares Outstanding!

Currently trading at 1.05 per share!



...with a very tiny 4M Float!!


The officers in the company hold the other 46M.  There are ZERO preferred shares and these 46M shares are now part of a lock-up agreement for the next three years!!
 


Outstanding Shares: 50,031,771      Authorized Shares:  100,000,000    TRADABLE SHARES:  4,031,771


 

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.


"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 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!!!


 



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 Annual Profits # Outstanding Multiple
Price Per Share
 
25000 $5,000,000  $2,000,000 $3,000,000 50,031,771 25 $1.50
50000 $10,000,000 $4,000,000 $6,000,000 50,031,771 25 $3.00
75000 $15,000,000 $6,000,000 $9.000,000 50,031,771 25 $4.50
100000 $20,000,000 $8,000,000 $12,000,000 50,031,771 25 $6.00
150000 $30,000,000 $12,000,000 $18,000,000 50,031,771 25 $8.99
200000 $40,000,000 $16,000,000 $24,000,000 50,031,771 25 $11.99
300000 $60,000,000 $24,000,000 $36,000,000 50,031,771 25 $17.99
400000 $80,000,000 $32,000,000 $48,000,000 50,031,771 25 $23.98
500000 $100,000,000 $40,000,000 $60,000,000 50,031,771 25 $29.98





 

 

 

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 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." 

 

      




 
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SIGO News: SIGO Receives Enviroganic Certification, the Highest Level of Certification for Cannabis Growers 08/17/2017 08:00:00 AM
SIGO News: Current Report Filing (8-k) 08/16/2017 06:06:56 AM
SIGO News: Sunset Island Group Announces Three Year Lock-Up Agreement On Over 90% of All Outstanding Shares 08/15/2017 08:00:00 AM
SIGO News: Current Report Filing (8-k) 08/10/2017 09:38:36 AM
SIGO News: Current Report Filing (8-k) 08/08/2017 10:57:58 AM
News News Alert: SIGO Receives Enviroganic Certification, the Highest Level of Certification for Cannabis Growers 08/17/2017 08:00:00 AM
PostSubject
#8426  Sticky Note Sunset Island Group Announces Three Year Lock-Up Agreement BTKV 08/15/17 10:06:23 AM
#7984  Sticky Note SIGO going from $.60 to $4.60 soon!! UncleFester 08/10/17 10:56:13 AM
#7176  Sticky Note Sunset Island Group To Secure Multiple Cultivation Agreements Shaz 08/01/17 10:17:33 AM
#9242   Hey greens12, sorry you had to deal with Nickftw 08/18/17 03:15:08 AM
#9241   How much money/dilution will it take to expand greens12 08/18/17 02:48:02 AM
#9240   $200 a SQ FT for growing space. Werbe 08/18/17 02:23:27 AM
#9239   Why are you spamming this board Greens. GM26 08/18/17 02:19:47 AM
#9238   You Greens with envy ??? budgetthis 08/18/17 02:11:40 AM
#9237   When is the 10K coming ? greens12 08/18/17 02:10:12 AM
#9236   When that 3 year lock up ends this greens12 08/18/17 02:05:02 AM
#9235   Dilution coming according to what you are saying. greens12 08/18/17 02:03:40 AM
#9234   That is going to take some heavy dilution greens12 08/18/17 01:56:52 AM
#9233   Callers existed couple weeks ago or so. I BeerIsGood 08/18/17 01:34:59 AM
#9232   WOW, can someone please sticky this DD. GM26 08/18/17 01:32:55 AM
#9231   Wolf Of Wallstreet working this ticker. Leo buzzabby 08/18/17 12:20:59 AM
#9230   Uncle Fester. Goodbuddy4863 08/17/17 11:47:49 PM
#9229   SIGO Comparison To Another Cannabis Company...which shall remain nameless... UncleFester 08/17/17 11:28:59 PM
#9227   $SIGO 4 Life! Backstabbed 08/17/17 10:42:46 PM
#9226   $SIGO - Cloning 101 - Sunset Island Group The Rooster 08/17/17 10:09:37 PM
#9225   $SIGO - Sunset Island Group is the ONLY The Rooster 08/17/17 10:06:14 PM
#9224   $SIGO - Word of this little GEM is The Rooster 08/17/17 09:52:38 PM
#9223   And I agree on the MM phone calls UncleFester 08/17/17 09:51:11 PM
#9222   Will have to load from another computer tomorrow UncleFester 08/17/17 09:49:56 PM
#9221   Five new followers just since the close! UncleFester 08/17/17 09:36:49 PM
#9220   Welcome Tidal~Gains~!! $SIGO The Rooster 08/17/17 09:18:53 PM
#9219   $SIGO - Yep, that's the same ACAN :) The Rooster 08/17/17 09:16:59 PM
#9218   The guy that was not on the phone Neptune 08/17/17 09:02:39 PM
#9217   The seedlings are looking good! Love this ticker. kcdc5 08/17/17 08:26:20 PM
#9216   I bought all I could once the price Nickftw 08/17/17 08:19:00 PM
#9215   Hmm, no uninformative charting tips from Clay after GTTTR15 08/17/17 08:05:33 PM
#9214   We'll ride the profits off into the Sunset (island)!! Tidal~Gains~!! 08/17/17 07:46:50 PM
#9213   So glad I was able to jump on Tidal~Gains~!! 08/17/17 07:46:04 PM
#9212   maybe it was a short pretending he was Backstabbed 08/17/17 07:32:36 PM
#9211   im not trying to pump anythng, its just GravyTrain1968 08/17/17 07:30:56 PM
#9210   I do remember a lot of background noise GravyTrain1968 08/17/17 07:28:36 PM
#9209   There are NO CALLERS. There is no such MeLotsOfMoney 08/17/17 07:28:11 PM
#9208   Can you guys stop talking about these "mysterious Nickftw 08/17/17 07:26:29 PM
#9207   Mine was a different guy. I could always Neptune 08/17/17 07:15:09 PM
#9206   THEN DON'T BUY AND MOVE ON SO SIMPLE MeLotsOfMoney 08/17/17 07:06:16 PM
#9205   MY SALE IS $25.00 ANY TAKER ! OR JUST MeLotsOfMoney 08/17/17 07:05:05 PM
#9204   He wanted me to sell at a set GravyTrain1968 08/17/17 07:02:21 PM
#9203   when i read your earlier post about the GravyTrain1968 08/17/17 06:48:38 PM
#9202   What happened to me was exactly the same GravyTrain1968 08/17/17 06:46:00 PM
#9201   So GravyTrain1968 what line is he giving you Neptune 08/17/17 06:44:21 PM
#9200   I wonder if it was the same one Neptune 08/17/17 06:13:53 PM
#9199   Once expansion news comes out we fly to Trade_Trigger 08/17/17 06:03:51 PM
#9198   I'm sure he would love to hear from GravyTrain1968 08/17/17 06:01:47 PM
#9197   Sad to be them......!! Way to go SUNSET !! budgetthis 08/17/17 05:55:05 PM
#9196   So.... shorts attacked and we closed red by AgeIsCritical 08/17/17 05:50:15 PM
#9195   Does anyone still want the number of the GravyTrain1968 08/17/17 05:40:34 PM
#9194   Yes...there are quite a few great stocks out Goodbuddy4863 08/17/17 05:40:29 PM
#9193   Thank You, "Goodbuddy4863", DD8 08/17/17 05:35:07 PM
#9191   DD8...one of My buddies: Goodbuddy4863 08/17/17 05:31:04 PM
PostSubject