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The building is on the market for $8.8 million, and the assets were just purchased for $100,000 as part of our transaction.
Your $5 million valuation is wrong. Again.
It's called Google.
Do you own DD.
Where in the world are you getting this marijuana information from? There has been ZERO information provided indicating ANYTHING to do with marijuana. Prove me otherwise.
Do you really think that the Canadian Goverment will just allow any bakery to add pot to their products? Recreation use does not mean corporations can buy pot in bulk to put in their products. There are MAJOR regulations in place... THC levels, access to cannabis, licenses and permits and so many hurdles to cross before you can even be considered capable to sell pot products.
Please refrain from posting silly posts that have no value.
Let's do a little hypothetical revenue estimate :)
Lets take the Timothy's company for example. According to their website, there are approximately 36 franchises under their belt in Canada. Let's use the example that SS is providing a brownie as part of Timothy's standard branded prepackaged menu option. In this example, SS would provide Timothy's a box of 100 branded, individually packaged brownies per store, every two weeks. Because we are dealing with wholesale volume/pricing, as an example, let's say that each brownie costs Timothy's approximately $0.80 wholesale, allowing for a Timothy's markup of $1.70 for a store price of $2.50 which is the average price of a brownie.
Now, let's look at the math:
36 stores (boxes)
100 brownies per box at $0.80 = $80.00/box
36 boxes x $80 = $2880.00 every two weeks per 36 store delivery
52 weeks a year / every 2 weeks delivery = 26 deliveries a year per store
26 deliveries x 36 boxes = 936 total deliveries a year for Timothy's
936 deliveries x $80 box =
$74,880 on ONE product for ONE company.
To be honest - for individually branded products, I would imagine the cost would be a bit higher at about $1.15 per item wholesale, so the $0.80 is on the safer estimate.
I have no clue what their client list looks like, but I think it is safe to assume that there would be more than just one client per product produced, so let's just say 5 clients order this product on the same delivery basis. That would generate $374,400 on ONE product alone per year.
Again, hypothetically, let's say SS only produces 10 annually. If for example sake, we take the same delivery and production structure, that is a minimum of $3.7 Million.
Just some "food for thought"
Can anyone dissect this for me?
Pursuant to the terms of a non-competition agreement to be entered into as of the Subsequent Closing of the Supreme Sweets Acquisition, Seller and its affiliates will agree that neither Seller nor any of their respective affiliates will (i) engage in the Business in Canada for a period of five years following the closing of the Supreme Sweets Acquisition or (ii) solicit Seller employees for a period of five years following the closing of the Supreme Sweets Acquisition, each subject to certain exceptions.
Does this mean that once the agreement closes, even though Mario is a 20% Shareholder with Supreme Sweets Acquisitions, he will not be affiliated with the company for a minimum of 5 years?
Sometimes you have to massage the ego to get a response. :)
EMAIL from CEO at WNBD:
Hello Chad –
All prior official, public, communications remain accurate if they have come from the company. It is vital that a solid foundation of actual events is put into place before predictions get out of hand, otherwise expectations may become inaccurate. I would therefore respectfully request that you let things take their natural course in the short term so that all parties, and most importantly shareholders, are dealing with facts.
Thank you for your interest and goodwill.
Respectfully,
Eric Lehner, CEO
Winning Brands
EMAIL SENT:
Hello Eric,
I want to say thank you for the blog updates on the company's ongoings in between quarterly reports. I wish all companies did this! The Transparancy is key!
In the past there has been some communication regarding the Supreme Sweets company and WNBD working together on a partnership. Is this still in play now that there has been an acquisition by US Highlands of Supreme Sweets? Was the plan for food products be produced for and sold by WNBD by Supreme Sweets?
I'm located in Toronto and love investing in Canadian ventures, so I'm curious to know if this is still moving forward. Any additional info you might be able to provide would be appreciated.
Thanks in advance.
Uhhhuh.... let's get back on topic please
Don't. A statement without the proper backup is hearsay.
I do not believe his/her comment in the least.
You still did not mention you Marijuana information....
I don't know about your education in geography, however, Toronto is not Barrie, there is actually 120 KM between the two cities.
WB is not a food company. Supreme Sweets is not a chemical cleaning company. There is no mix for the two. The only tie is they both have labels on their products, however, WNBD does not sell their products under various brand labels. Supreme Sweets offers their product under various brand names, and that is where the labelling comes in.
It is silly that you keep referencing this partnership when it was already stated that everything was paused because they found another financing opportunity.
IF, and only IF, there is actually some sort of relation between the two companies, it would be for WNBD to be a CLIENT of Supreme Sweets. This would have no impact on ownership or "several fingers in the pot" as you stated. Companies are not able to go through an ownership transfer without being transparent about other dealings in the works. UHLN has made no reference to WNBD and as such, should be wiped from the conversation.
Incorrect.
http://winningbrandscorporation.com/blog/2018/03/14/innovators-community-supreme-sweets-packaged-food-innovations/
This deal is off the table.
You were close, but not fully up to date.
Right.
20% to Mario, 80% ownership to UHLN.
Good. :)
Where do you see that? Proof?
I highly doubt that is possible at this point. I think UHLN was the winning bid for this purchase. The other company, which I assume you are thinking is WNBD should be out of the picture now.
Correct me if I'm wrong. Many people are saying we own 20% of Supreme Sweets now, but isn't that the opposite of what is happening??
"On June 30, 2018, Supreme Sweets Acquisition Corp., a subsidiary of US Highland, Inc., and US Highland, Inc. (collectively, “UHLN” or the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Supreme Sweets Inc. and 2498411 Ontario, Inc., as sellers (collectively, the “Seller”), pursuant to which in exchange for CAD $200,000 and a twenty percent (20%) interest in Supreme Sweets Acquisition Corp., the Company agreed to acquire the trade secret assets of Seller (the “Initial Closing”) upon the terms and subject to the conditions set forth in the Asset Purchase Agreement (the “Supreme Sweets Acquisition”). A second closing is scheduled to occur on July 31, 2018, pursuant to which Buyer will acquire the furniture, fixtures and equipment of Seller in exchange for CAD $100,000 (the “Subsequent Closing”)."
From what I am understanding, does this not mean UHLN paid $200,000 to Supreme Sweets and offered a 20% stake in OUR affiliate, Supreme Sweets Acquisition Inc., so now we own ALL of Supreme Sweets (less 20% that we offered Mario)? I'm just a bit confused that it's possible for a $25Million Revenue generating company to be purchased for $300,000 cash with a 20% share in the purchasing company. Also, purchasing the asset equipment for $100,000 seems VERY low for a fully functioning production line company.
Can someone shed some light on this??
Looks like MLCG is no longer listed on the Bridgeport website anymore. It used to state "MLS Acquisitions Group, INC." at the top of the website, but that has now been removed as well.
I thought for a moment that this website was not updating, but now I see there have been a few changes in the last months.
I wonder what is going on???
Is FLSR a part of Bridgeport/Dinostar? Is MLCG a part? Why is MLCG now coming after FLSR shares? What's the status of Paul's relationship with FLSR?
So many questions. No one to answer them. :(
This name change business has been in play ever since Charlie Graingers was in the mix of things... it seems like a standard statement to say.
..... update the website/social media.... change the name and ticker to reflect the new direction.... new method to distribute PRs....
It's been about 8-10 months of this and still no sign of any movement on any of those fronts.
Anyone heard from RO Lately?
Is he still "not with the company"?
In addition - Does anyone have the address of the production facilities?
Email Response from Supreme Sweets as promised:
Hello Chad,
Thank you for your interest in UHLN and Supreme Sweets.
We confirm that the public statements made by UHLN about Supreme Sweets are accurate. We look forward to a successful relationship.
Our production facilities are not open to the public for a number of reasons, such as security, legal, safety and more. It is our plan to provide more visual material describing our work in due course, possibly in connection with website enhancements that we will be implementing. This will be a more secure and evenhanded method to share insights about the company.
In the meantime, we thank you for giving us an opportunity to focus on organizing ourselves well and growing the company. We look forward to describing our progress further through normal and proper public information channels.
With appreciation,
Public Relations Office
Supreme Sweets
From: CD <******@gmail.com>
To: "info@supremesweetsinc.com" <info@supremesweetsinc.com>
Sent: Thursday, June 28, 2018, 9:47:16 a.m. EDT
Subject: Toronto Facility - Tour?
Good morning
Hope you are well.
I understand your company has recently been negotiating a difinitive agreement for a partnership with US Highlands, Inc. I am a resident of Toronto with a vested interest in UHLN, and would like to know more about the company. I have researched the company and what brands you are affiliated with via your website, however, I was wondering if any tours are available of the facility itself?
Personally, I am located in the downtown Toronto area, and have not made it to the area where the facility is, so I have been limited to using GoogleEarth to view the location. I would be interested in paying a visit if possible and seeing the company in action.
Would this be possible?
I look forward to hearing from you.
Sincerely,
Chad
Lets get real about this exotic auto dealer info.
Check out his website. This is purely a hobby for him. The Supreme Sweets location is listed only as a pick up location. Given the fact that he has about 10 items listed on his website that could be stored in my closet, I'm not about to think that this is an official business that is taking up space in a 38,000 sq/ft warehouse.
Let's be logical. It's a pickup location because Mario is at that location sometimes and it's easier than working out of his house, which is the other location listed for the company headquarters.
I'm not sure about the other one. I still think it is outdated. They have the phone number that was listed for the other company, Foodcrafter Group, which obviously is not Supreme Sweets.
There are several of those types of companies that have basic info pulled from the net listed.
https://www.infobel.com/en/canada/supreme_sweets_inc/etobicoke/CA102250077-4162513663/businessdetails.aspx
https://www.allbiz.ca/food-crafters-international-inc-416-251-3663
I don't think you use LinkedIn very much, do you.
Once you post the info there, it calculates the time you have been at the job. He does not update the length.
Anyhow, I do not think we will find out until the actual acquisition is confirmed.
You also have to consider how current those links are. I'm not holding my breath regarding the revenues generated.
Regardless, we have to wait until this moves into the actual acquisition. I have seen so many companies make announcements involving a LOI and MOU and everything else and never actually pan out. ED has already said multiple times that X, Y, and Z can be expected in the coming days, and nothing happens. He has a pretty terrible track record. All he needs to do is get on that phone and type a 140 character update. Why is that so hard for these people??? Maybe my head is in the clouds, but really... Talk the talk.
All of these are examples of what the company does. They specialize in personalised labelled products.
Basically, as an example, they would make a gluten free cookie, and then provide company specific packaging for each company, even though the cookie is the same. So they could sell Timothy's branded cookies, walmart branded cookies, and starbucks branded cookies, but they are all the same cookies.
Have a look at this link - http://www.loopnet.com/Listing/111-Brockhouse-Rd-Toronto-ON/12537560/ Manufacturing is listed as the property subtype.
Some clue as to what?
Also, info as per LinkedIn,
SUPREME SWEETS INC.
Food Production Etobicoke , Ontario 6 followers
About us
SUPREME SWEETS INC. is a food production company.
Company details
Headquarters
Etobicoke , Ontario
Company size
11-50 employees
Barbara Paravano's write up:
Barbara Parravano
Vice President, Supreme Sweets Inc.
Richmond Hill, Ontario, Canada
Supreme Sweets Inc.
A nationally awarded entrepreneur and inventor with 35 years of successful food industry experience in starting and growing numerous businesses, developing unique bakery, snack and consumer products, and serving well known clients such as Starbucks, Costco, Aldi, Weston's, Kellogg's, etc. in 7 countries..
Let's hope that this is up to date :)
Sorry - heres the complete UPDATE! (pressed sumbit too early!)
UPDATE
Alright folks... some new info below: (to my knowledge)
After some sleuthing, I was able to dig up some new info on the Supreme Sweets business dealings, as well as current legal dealings. Keep in mind I have shares in UHLN, so I actually care about what is happening. Not trying to sway anything, just present info.
1) Supreme Sweets building location is actually up for SALE
LINK
- This went into play May 11 and last update June 18. I called the Selling Agent and the listing is still valid. The commercial realestate company is CBRE. (https://www.commerciallistings.cbre.ca/en-CA/listings/industrial/details/CA-Plus-99951/111-brockhouse-road-etobicoke-m8w-2w8?view=isSale) I have no clue who owns the building, whether it is Mario or not, but this is the listing agent.
2) As per the listing, there is only ONE Tenant in the building, meaning Supreme Sweets is the only company there. In Addition, the office space listed is approximately 4000 Square feet, answering the other assumptions. This puts to bed the thought that the building hosts several companies, mainly Mario's personal pickup location for his car part dealings, and Food Crafters International, Inc. which brings me to my next point...
3) Food Crafters International - The phone line is dead. This company was created by Mario and his wife, and was sold to A.C Simmonds in 2014. A.C Simmonds has a VERY dirty past in terms of Frauding over Millions from past investors and companies bought. I'm not 100% sure what the relationship had been after the transaction, however, there is a current legal file open that has Barbara Parravano listed as a plaintiff served (https://www.commerciallistings.cbre.ca/en-CA/listings/industrial/details/CA-Plus-99951/111-brockhouse-road-etobicoke-m8w-2w8?view=isSale) - page 20. Past history with AC Simmonds and another company involved, Gouda Fine Products, was frauded over $30 million (https://business.financialpost.com/news/royal-bank-of-canada-could-have-stopped-fraud-bankrupted-entrepreneur-claims)
I know this might have nothing to do with Supreme Sweets, however, it is interesting that there has been such a dodgy past with Mario and Barbara Paravano. Couple everything in with the multiple offers for purchase in the past (2015 & 2017) that never went through and one wonders, Why Now?
Backing info on the purchases :
- https://www.pressreader.com/canada/stockwatch-daily/20151214/281994671433393
- http://www.marketwired.com/press-release/food-innovation-strategy-for-winning-brands-and-supreme-sweets-otc-pink-wnbd-2213107.htm
I have tried to reach out to Supreme Sweets to set up a tour of the facility, however, am restricted to an email exchange only as there is no listed phone number for this company. I tried reaching out to Mario's Car Parts company via phone, but never received an answer either. For now, I will wait for a response from the company as to whether or not we can set up a tour. If anyone is in Toronto as well and wishes to join, I will post their response when received and we can set it up.
Fingers are crossed on this one! GLTA
Backup on that?
UPDATE
Alright folks... some new info below: (to my knowledge)
After some sleuthing, I was able to dig up some new info on the Supreme Sweets business dealings, as well as current legal dealings. Keep in mind I have shares in UHLN, so I actually care about what is happening. Not trying to sway anything, just present info.
1) Supreme Sweets building location is actually up for SALE
Try not to get caught up in the parking situation...lol.
I could care less about the parking to employee ratio. All will come through in time. All I care about is what type of revenues are being produced, and where the company expects to go with this new partnership.
I cannot see a company that has 38,000 sq/ft of space only having less than 100 staff on board. Think of the team required for baking... this is not just a pull the lever and everything is computerized.
A typical small bakery will probably have between 10-20 staff on board, from the overnight bakers, front line staff, to cleaners, to delivery. Think of the tasks of this company and you have so many more positions that would come into play. Graphic designers and printing staff as a personalised food labelling company, engineers, production line staff, cleaners, drivers, office administration.... I think this shows there is quite a possibilty there are more staff than the skeptics think.
FYI - I am trying to set up a info visit to the Supreme Sweets factory in Toronto.
If they respond positively, I will snap some updated photos of the outside of the facility (Not the 4 year old GoogleEarth versions), and hopefully land a tour of the production line.
Fingers crossed for good news. :)
Look at the google image date... 2014.
They stated Supreme Sweets started in 2015.
That could have been pre-establishment, thus the "Euro Breads" Sign above the front that has been whited out.
Alright, anyone chime in here.
So, on June 13 MLCG issues the tender offer for buying up to 49% of FLSR common shares.
June 12, they issue a post on their MLCG website stating they are now in a definitive agreement negotiations with Dinostar, which is the company FLSR was supposed to be in a defnitive agreement with. (http://mlcginc.com/2017/06/14/ml-capital-group-inc-lays-foundation-for-a-disruptive-acquisition-strategy/)
Bridgeport Group (Dinostar div), also removes FLSR Acquisitions, Inc. from their website, and instead, lists MLS Acquisitions Group instead, which links to MLCGinc.com as the website. So MLS Aquisitions Group is now ML Capital Group.
So there is a triangle here. Why would Dinostar move away from FLSR and enter into a definitive agreement situation with MLCG, only to have MLCG now go and offer a tender for FLSR stock? It makes no sense to me...
I know this is a grey stock, and I'm somewhat beating a dead horse, but since MLCG is still actively trying to acquire FLSR shares, I'm curious if anyone can explain their view on this.
Thanks in advance.
Again, $25 Mil over 3 years of business is $8.3 Mil/year, which seems more in line.
There is nothing stating they are doing $25 a year.
I'm wondering if it is a cumulative $25 Mil that they are posting.
I'm not too concerned about the 300 employees. It could include drivers, mechanics, line staff, etc. The photos of the location are a bit deceiving in my opinion. Also, I've worked at warehouses in the past where you would not have parking spaces for the number of employees that are working there, so personally, I think the parking spot to employee ratio is debunked.
I live in the same city as Supreme Sweets, but it's across town so it's not so easy to go visit the location.
I could try to give them a call and ask any questions you propose...
This is a standard email he has been sending. I asked about ownership of FLSR and who currently owns what, and I received the EXACT same email from him, not answering any of my questions.
Also, why would they ask to put this on IHUB??
Hey guys. I've been searching around for some additional info on what's happening with this stock, and have a found some changes to previous partnerships.
Previously, when FLSR announced the MOU with Bridgeport, there was a write-up on the company blog about the direction they were taking under FLSR Acquisitions. Post the suspension, it was still posted, however, it has now been taken down, which validates the theory that everything was off the table with that merger (Boo!). Here's a link to the blog - http://www.bridgeportgroup.net/blog/
If you look at the main page of Bridgeport now, where it used to identify FLASR AQUISITIONS, it now states "MLS Acquisitions Group, INC." (www.bridgeportgroup.net). A quick search of MLS Acquisitions brings you to the announcement that "ML Capital Group Inc., Announces Tender Offer to Purchase up to 49.83% of FLASR Common Shares". (https://www.accesswire.com/502574/ML-Capital-Group-Inc-Announces-Tender-Offer-to-Purchase-up-to-4983-of-FLASR-Common-Shares" rel="nofollow" target="_blank" >https://www.accesswire.com/502574/ML-Capital-Group-Inc-Announces-Tender-Offer-to-Purchase-up-to-4983-of-FLASR-Common-Shares)
What I find peculiar is that MLSC had previously put in a LOI for acquisition of Dinostar, which as far as I can find, never went through. (https://www.otcmarkets.com/stock/MLCG/news/ML-Capital-Group--Inc--Provides-Disappointing-Dividend-News?id=164044&b=y" rel="nofollow" target="_blank" >https://www.otcmarkets.com/stock/MLCG/news/ML-Capital-Group--Inc--Provides-Disappointing-Dividend-News?id=164044&b=y) If that is the case, how is it the MLSC is now a part of Bridgeport?
It's a little triangle that is not really making sense to me right now.
Also, the Dinostar website is no longer in works under the Fannietime.com web address.
Can anyone explain to me the current connection between these three companies?
And what scam was that?
Wondering what is happening with their marketing? They released so much earlier, and were part of conferences etc.... now everything seems to be silent.
I'm not the best sleuth with the Chinese/English googling, but I'm not finding any further updates or articles regarding the company.
Can anyone prove me wrong?