When nugs ran to $7 I believe it had much higher share structure than igng (maybe 4x more? I'm just going by the otcmarket )
nugs right now at 52lows with $200mil market cap
And I believe nugs didnt even have license at the time.
This is from stock house.
"Grapefruit Boulevard Investments, Inc., was awarded two licenses according to the Bureau of Cannabis:
A11-18-0000105-TEMP
Adult-Use - Distributor Temporary License
Grapefruit Boulevard Investments, Inc.
05/25/2018
Active
01/25/2018
M11-18-0000138-TEMP
Medicinal - Distributor Temporary License
Grapefruit Boulevard Investments, Inc.
05/25/2018
Active
01/25/2018
The application was made by a LA law firm, Yourist Law for, from what I can tell, a company with Coachillin in its name.
According to this site (thanks Neutral2)
https://www.cdph.ca.gov/Programs/CEH/DFDCS/MCSB/Pages/LicenseeLookup.aspx
Coachillin Farms has received two maufacturing related licenses:
Grapefruit Boulevard Investments, Inc.
Coachillin Farms
A-Type 6
CDPH-T00000269
Desert Hot Springs
Riverside 5/4/2018
Grapefruit Boulevard Investments, Inc.
Coachillin Farms
M-Type 6
CDPH-T00000268
Desert Hot Springs
Riverside 5/4/2018
Can't find much regarding "Coachillin Farms" but it may have just been shortened because of the government forms used.
Maybe it is short form for:
The Coachillin' Industrial Cultivation & Ancillary Canna-Business Park
Which in my humblest of opinions looks exactly like the sort of thing I'd expect Jeff and Tinley to be involved in:
The 160-acre Coachillin' Canna-Business Park (located in the southern California city of Desert Hot Springs) is bringing together industry leading professionals with global affiliations, and stands alone as the first & largest cooperative canna-business compound of its kind. It's designed to be a center of excellence & innovation, setting a new standard of sustainability for California's budding cannabis industry.
The project is fully-entitled, and –at full buildout– will feature more than 3,000,000 sq. ft. of sustainable cannabis cultivation, manufacturing, processing, laboratory testing, distribution, and touring / education facilities; all secured 24/7 by retired military security experts entrusted with the protection of US Embassies around the world. Coachillin' Holdings, LLC is selling parcels within the project, as well as building facilities for lease.
The Coachillin' Canna-Business Park is unique in that all of the licensed landowners & tenants will own a proportionate interest in a collaborative Owner's Association, which will share many of the ongoing costs within the park. This ensures that operations within the Coachillin' Project may collectively achieve economies of scale, affording our landowners & tenants the best-of-the-best, at a fraction of the cost burden otherwise borne by independent operations."
https://coachillin.com/project-overview/
Read more at https://stockhouse.com/companies/bullboard/c.tny/the-tinley-beverage-company-inc#Lz0RQsHD4qMxuf8Q.99
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