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Thank you for that
What price do you think this turns around at? Or when will you buy back in?
Bipartisan support for cannabis but they need to make sure they both get their pork in there too.
I had that before ticket change awhile ago. I toured their one of their facilities a few years ago
I look into it thanks
Did you add any harvest? I’m looking to add today but thought it was maybe worth adding some harvest because of conversion.
The next earnings release dates and other good information can be found on this link https://www.newcannabisventures.com/cannabis-company-revenue-ranking/
SMG is growing because they own a bunch of hydroponic companies including General Hydroponics (nutrients), Gavita (commercial lighting), environmental controls and more under their subsidiary Hawthorne. https://www.hawthornegc.com/page/signature-brands No cannabis grower uses SMG oil. They either use coco coir, complete hydro, or organic live soil, sometimes fox farm soils.
As more Grow facilities are built SMG will have a significant revenue stream.
Gavita grow lights are a staple in many commercial grows and can be seen on YouTube shows cannacribs and growing exposed.
SMG is growing because they own a bunch of hydroponic companies including General Hydroponics (nutrients), Gavita (commercial lighting), environmental controls and more under their subsidiary Hawthorne. https://www.hawthornegc.com/page/signature-brands
No cannabis grower uses SMG oil. They either use coco coir, complete hydro, or organic live soil, sometimes fox farm soils.
This sounds like the scene from The “Big Short” when he’s explaining that they put a bunch of sub prime B rated bonds together and sold them as A rated.
What do you think this is for? Very low share structure. I went on website to see if it maybe had affiliation with EVIO or that business model but says something is happening in 8 days. Whatever that means.
Any updates on this? I see they are still posting on Instagram under vbfbrands and still showing stock symbol in bio. Appears to still be in business.
On their website they have some filings, last one was May 2020. But they aren’t reporting revenue?
https://www.sunsetislandgroup.com
https://www.sec.gov/cgi-bin/browse-edgar?company=sunset+island&match=contains&action=getcompany
https://www.ca-registry.com/C3823584-vbf-brands-inc
Trulieve has a superior product for sure. I got some concentrates from Curaleaf and Trulieve last week and they can’t even be compared.
Well it’s good to see you here! You were way ahead of me lol. I should have followed up sooner when a friend told me a few months ago about this stock.
Wouldn’t surprise me based on the patterns we’ve seen.
You cannot deny the early mistakes that took a huge toll on share structure. A few opened labs that cost millions that are now shut down. It was a huge setback in market share, reputation, financial stability, share structure. Maybe the management needs to be changed but maybe they learned the proper approach and the other supply issues have gotten better.
Definitely need to see how many shares are left to dilute and some financials. I think there is a lot of catching up to do.
IMO politics is the only thing that is going to move this sector. But this needs financials and news to move as well. Reputation and faith in execution is definitely tarnished here.
There’s not much left to say right now
I for one appreciate you on this board and respect your intentions.
I’m in the same boat. Not that it makes you feel any better but it was my decision to stay and ignore the red flags. Took it as an expensive lesson learned. I had significantly more shares than you from about same level. I have no reason to sell.
I know to bet my money on myself and growing my own business going forward for best returns. I know the management I am and have. That my intentions and business plans are genuine. Seems like safest bet.
Same
That question was about the financing, which is why they sold 49% to a separate company. I understand they didn’t have enough money but once they sold 49% to Viridis, they did. Why did they need Steep Hill as a franchise to obtain a license? Mass wouldn’t let them do business as EVIO? Or they are selling out?
Why though? Why wouldn’t Mass give EVIO a license that they needed to franchise Steep Hill?
I think some would argue a partnership with steep hill would be beneficial when comparing success and achievements in this space. I also think (and hope) that steep hill could be a potential buy out of evio stock which may be the best way fo change the management. Although this would be a long term projection.
And how would their previous equity and operations be calculated into shares/share structure?
There was a rumor several years ago Steep Hill was looking to go public. If they wanted to take over EVIO would they just need to buy all their shares and change ticker?
How would a reverse merger work if steep hill took over evio?
I understand that. I was just letting Carter know. The proof is on both websites (evio and Kaycha).
They took the franchised labs off their website
And what is the multiple you think this should be trading at? What do you think market cap should be?
I think it’s most important to hear an update on Mass right now and Canadian cross listing. The cash on books doesn’t look great to me.
No comment now. What’d it say?
Same
Interesting view and makes complete sense.
Much appreciated
I believe today was the last day for fiscal year 2019. My guess revenue is still under $5M. I feel a $20-30M market cap is fair. Which would be a share price of $1 or alittle more. Hopefully 10k is out on time this year. News on opening of Mass adds to that revenue and would bring market cap up $50M about $2 a share.
What are your thoughts on market cap?
Also would like updates on share reduction and Canada up listing.