emeritus
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Stalemate for close to an hour.
Steven is a long time follower owner too who has a vast history of facts of this deal. I’m guessing he is referring to the two instances in the past when Glauser personally bought stock at the low end of the last crater. An individual insider only needs to pre-notify with an 8k to sell stock and can post-trade notify when buying. I think it’s like crossing the 5% & 10% ownership stake for “anyone” - notify the sec on the day of the purchase and then you’ve got ten days to publish an 8k
Still trading below book value. Promotion would help. Two points on that: keystone labs IG and TWT posts get waaaaaay more traction than evio. Waldrop’s Twitter still refers to him as founder/ceo of signal bay. It’s been well over a year since the name change.
The facts are facts. History of this trade over the past 3 years That i have owned and followed this deal has shown numerous occasions of weird volumes and price pops on no news. Followed by news a week or a month later being released that justifies the volume/price. And sometimes never. So when after like 6 weeks of cratering price with no bid support a day pops up against the grain - history of evio has shown us to suspect monkey business/ leaks waaaaaay before trying to marginalize facts with slurs of “conspiracist”
Smell of insider news leaking again and shareholders left in the dark. Volume and price pop on no news, again.
trust that is the ceo doesn’t sell the cow for more magic beans and dilute the common shareholder down anther 10-20-30 million shares overnight.
Horrible leaders exist and yet organizations very often fail to realize the impact of poor leadership on those being led. Take a moment and look at organizational problems from a different point of view: the employee’s.
What happens when you promote the wrong person to lead your sales department (most often out of convenience or tenure with the company)? Your entire sales team stops receiving the necessary guidance and direction and start failing.
What happens when “Mr. Confrontational” is elevated to a position of authority? Even though he’s managed to impress ‘management’, everyone else around him suffers constantly.
What happens when the perfect academic with an impeccable scholastic resume (but no valid/relevant skills or experience) gets promoted to run global operations? The ENTIRE organization suffers. I saw this firsthand at my previous job with a Special Operations Command and I don’t have the words to describe how devastating his lack of knowledge and inferiority complex were to the entire organization. But I digress.
These people talk a good game. They manage up and promote themselves well. They have glossy resumes which highlight the many schools they’ve attended and the many certificates they’ve gathered. Oh, and they’ve sold everyone on their “vision” for the organization.
But that’s the problem: “vision” has turned into the excuse of the day.
I’ve seen “vision” in many forms. The 5-year goal, The Three chessboards, Key Areas of Influence…
David Allen wrote the amazing book Getting Things Done and I’d say it’s one of the top 10 productivity books I’ve read. Millions agree with me, Allen has sparked entire movements of people getting organized and being more productive utilizing his “GTD” system.
Allen says “Vision is not enough; it must be combined with venture. It is not enough to stare up the steps; we must step up the stairs."
It isn’t enough to TALK about walking up the stairs - you need to get up off your ass and start walking.
You must START. Every journey begins with a single step.
In the Special Forces Qualification Course (Q-course) there are painful yet relevant Peer Evaluations (Peer-Evals) that happen at key points in each phase of training.
These peer-evals are brutally honest and they serve only one function: to let the cadre know who we (as the subject’s peers) would choose to serve with us on a future Special Forces A-team.
That’s it. Would I choose to serve with someone again with the high potential of going into combat with them? It’s a simple premise, but it works. And, better yet, the peer-evals carry quite a bit of weight with the cadre.
At certain points in each phase of the Q Course you get counselled based on your overall performance to that point. A heavy part of this counselling is your peer-eval rating. And, yes, in case you are wondering, the cadre let you know exactly where you stand amongst your peers. To say this is often awkward is a massive understatement, but I’d never argue against its necessity.
Although the truth may hurt, it also motivates you to be better. More importantly it reminds you that each of your actions are being weighed by others. It doesn’t matter if you can impress the cadre with your knowledge on a given topic - if you don’t play your role (and carry your weight) on the team it becomes known. In other words, you must show that you have the skills and the experience to do your job effectively.
You learn that chains (and teams) truly are only as strong as their weakest link.
Selection and retention of employees is an extraordinarily complicated process. We all know this, and most of us are all willing to play our part in it: helping with the interview process, referring qualified people to the organization, etc. So why is it upper management can never admit to a hiring mistake? Aren’t probationary periods in place for a reason?
I’ve seen it time and again, despite organizational awareness the wrong person is in a key position of influence, management refuses to make the hard but necessary change.
Refusing to admit you made a mistake is much more painful in the long run than just admitting it, dealing with it and moving on. Hiring the wrong person is painful. Dealing with that person each day thereafter is excruciatingly more painful.
To come full circle, one excuse I often hear regards the external strategic organizational vision. I’m not implying that isn’t important, however, it behoves you to turn your eye inward and assess internal improvements necessary for the overall health of the organization.
Are you blind to your own organization’s internal failures?
Here’s a thought: how would you fare in an organizational “peer-eval”? How would your managers?
If the thought terrifies you, that’s not a good sign.
You made my point - thanks. As the single provider. Of an essential service. And a management team that couldn’t build or implement or communicate a narrative of singular opportunity. Nope they couldn’t do it. And still can’t. When we there is a product recall of cannabis evios phone should be ringing off the hook from media asking for comment. It doesn’t. Ever. Because evio management have been so awesomely useless at building out the quality control/ essential service /.saving children’s lives/ the single fastest growing agri-sector on earth. Any of the titles or themes that evio should own. But they don’t. They aren’t even close to owning. Hell I’d say a management team as arrogant and out of touch they are - find the idea grotesque. Rattling a stick in a pail of swill for the proletariat. How beneath the grace and class of a small cap highly diluted underpriced pos stock to have. Yet there it is. The arrogance. Always. Fuck the shareholders. Let them eat cake.
There is a lot to work with. If the ceo and coo were fired tomorrow and teplaced with experienced pubco executives id double my position tomorrow. As it stands now it’s like throwing good after bad to invest more. The market conditions might change somewhat, see some revenues grow - but the reality remains that Waldrop and Glauser’s stink is too much all over this deal for anyone to get too excited. The “market” does not like these two. At all. Waldrop is a “glad hander” he makes a great first impression. Because he will say anything to suck up to anyone in the moment. The problem is when you meet him the second time and find that out. So nobody trusts anything he says. Meaning the bankers, market makers, financiers etc that are the lifeblood of managing these types of deals. Glauser has neither ever been anywhere near a deal like this. She’s an engineer by training. Zero creativity. Cannot, will not EVER think outside the proverbial box. Restricted to rigid, unbending forms of reality completely unsuited for the vibrant dynamic always changing world of pubcos.
So once those two are gone the deal will run. Until then all the shareholders suffer at the altar of Waldrop’s egos and Glauser’s hurt feelings.
The problem is that incompetent evio mismanaged the past three years so badly there was no goodwill to give. The here was no premium built in because of the intense dislike the market had for William Waldrop and Lori Glauser. The two founders of evio and its two largest shareholders as well as the ceo and coo currently. When a leadership team goes out and does road shows for their deal to raise money they speak and “perform” in front of hundreds of people to pitch the deal and themselves. In a hot sector like cannabis there’s a lot of exuberance. Brokers, market makers, investors, bankers get to hear and see the pitch of the founders, what’s their vision, how can we get a piece of this vibe.
Except William Waldrop and Lori Glauser had the exact opposite impact on the market confidence and share price. Everywhere they went they unimpressed people so much they had an impossible time raising any money and forever were forced because of their own terrible personalities and total inability to impress or inspire anyone destroyed the share structure by going what 8-10 times to short term loans for funding from predatory scumbags. Not once did Waldrop or Glauser pay any of the loans back on time to prevent the trigger of a low price and a huge conversion followed by a big share dump that cratered the stock price.
So while every other Cannabis company on earth was building goodwill and irrational exuberance into their price they 2016 - 2017 evio was busy destroying theirs.
Speaking of Canada, what new level of total screw up incompetence did Waldrop and Glauser pull off to see the Canadian listing of the company get yanked a month ago? What level of incompetence and arrogance is it for them to even now months after the fact make no comment on wtf actually happened or when it’s resolved. Is the company even interested in listing in Canada still, who knows? The shareholders have no idea, but hey pretty clear evio management just pay the shareholders lip service. Waldrop and Glauser have treated this like their own private company with ZERO regard for the shareholders. NONE. Who was responsible for the screw up and have they been fired yet?
Waldrop and Glauser have NEVER operated a large cash flowing public company previously and it painfully is obvious. They cannot inspire the financiers, market makers or accredited investors to support the company stock, they can’t manage the paperwork or intel irs of an international company and its regulatory requirements. They have no concept of the needs of data and information the market, shareholders and media require on a regular and informed basis to maintain the least bit of investor confidence in a deal.
The simple fact remains their time has passed. Waldrop and Glauser are incompetent people to operate a company. The startup phase has passed. The passion is no longer required. Competent people who can inspire confidence and provide inspired leadership. Or two losers who couldn’t inspire an ant to a picnic.
Confident in a new management team shortly. The stock will double overnight w announcement of CEO / COO out and professional management takeover - the overnight doubling of stock price will more than assuage the bruised egos
$evio business model is as far from effected by China tariffs as you could possibly get. Taking money from the pockets of drug terrorists and their political masters in Beojing. Yet $evio stock can’t grasp the attention of investors seeking a Made in America cash flow solution. What would the scenario be if their was a management tram in place to communicate this paradigm? At these prices I can see anyone wander in off the street with a million dollars ash and buy up 10% of this deal with out even a thought and the next thing you know they’re in the boardroom telling the current team to take a hike. Merry Christmas. The shareholders
Accumulating $evio at price point sub .52 California revenues guarantee a 50% swing on a short term play w more potential
Accumulating $evio at price point sub .52 California revenues guarantee a 50% swing on a short term play w more potential
Email alert mid morning Saturday w job posting - btw where is the bid support?
Laboratory Director Evio Labs Berkeley CA $120,000 a year
https://www.indeed.com/m/viewjob?jk=b98f4758a0aeebe9&from=companyalert&alid=5aca3c9d2e7cb3da2a62989b&utm_source=jobseeker_emails&utm_medium=email&utm_campaign=job_alerts&rgtk=1ctluin5l33vk801
Job ad is awesome $evio California growing fast. My issue is the tag line: passion science & innovation. First aesthetic all it’s too cumbersome. Too many sulablles. First and last words have “-tion” at the end. And passion. It’s too soft of a word. It’s the wrong word as a tag line. As an internal corporate mantra. Ok. It an eighth grade bake sale. But to convey the image a research lab business that relies on data. Not so much. Is all I was getting at. Messaging.
New $evio Indeed post Saturday Laboratory Director $Evio Labs
Berkeley, CA 94710
Salary:$120,000 a year
We are looking for dedicated individuals with a positive and friendly attitude to join our team. This position will require someone who is professional, comfortable working around Cannabis, and is a team player. This is your chance to build your career in the fastest-growing industry.
Tag line: passion science & innovation - evio free advice? Way too many syllables. Nobody wants passion in science. They want cold clinical accuracy. Everything about $evio style was s like the most unpopular dork at high school, the one with three friends, two of them are imaginary and the third is a beta tester for ?? depressants. who is convinced their style is so cool because they’re so smart. But in fact they’re so awkward, their “style” so tasteless and igly all the irony has left the room. Someday the world will appreciate my stable as high fashion. Says evio wiatfully into the mirror. My passion is what people will invest in. Science and innovation Are afterthoughts. All 300 pounds of friendless, ugly zit faced bullied passion. The cheerleaders and football captains can do science and innovation
The Laboratory Director is responsible for overseeing the technical operations of one or more of our labs, and ensuring the production of accurate and timely test results to our customers.
The Lab Director will apply his or her experience working with gas and liquid chromatography, microbiological analysis, and other chemistry methods to perform required tests and implement and enforce EVIO's standard operating procedures. The lab director will meet regulatory, customer and quality system requirements.
Advises subordinates to meet schedules and/or resolve technical problems. Interacts with peer labs and coordinates the program activities with responsibility for results in terms of costs, methods, and employees. Implements and improves quality management programs and procedures.
Duties and Responsibilities
Ensure that test orders are completed in an accurate and in a timely manner
With guidance from Chief Science Officer, oversee and direct the technical personnel and scientific methods of the laboratory.
Provide guidance as requested regarding hiring, training, promotions, and disciplinary issues for technical personnel.
Ensure that the testing laboratory achieves, maintains, and improves as needed quality standards and appropriate laboratory accreditation.
Provide consulting services as appropriate
Develop analytical methods for chemistry-based, genetic, and microbiological assays
Ensure that personnel are properly trained in quality procedures, operating procedures (SOP’s) and equipment specific requirements.
Compile and prepare reports and analyses setting forth progress, adverse trends, and appropriate recommendations or conclusions as requested by executive management.
Maintain equipment and supply inventory, recommend purchases.
Assist in formulating and implementing the short and long-range goals for laboratory; set priorities, assign responsibilities, and establish timetables. Project future needs and formulate strategies consistent with projections.
Plan and schedule work for the group to ensure proper distribution of assignments as well as adequate manning, space, and facilities for subsequent performance of duties.
Represent the laboratory in technical interactions with the customer base and partner labs.
Consult with clients and government regulators
Coordinate with customer service team to proactively respond to customer complaints and inquiries
Implement solutions to quality problems through inspections, investigations, and audits
Maintain quality checks on safety of laboratories, including biohazards and insure appropriate maintenance of the facilities.
Coordinate the functions and operations of the laboratories with peer laboratories.
Encourage project/process designs that simplify compliance with quality requirements
Comply with record keeping requirements
Perform other related duties incidental to the work described herein.
The above statements describe the general nature and level of work being performed. This is not intended to be an exhaustive list of all responsibilities and duties.
Qualifications
Technical competence in analytical chemistry or microbiology
HPLC experience preferred· GC experience preferred· MS experience preferred· Headspace sampling experience preferred
Microbiological experience (plating, e.coli, salmonella) preferred
Experience in evaluating instrumentation a plus
Excellent verbal and written communication skills including technical writing· Detail-oriented
Ability to clearly and succinctly explain organizational goals and specific tasks to team members
Experience in computer database and Microsoft Office applications
Ability to provide excellent customer service, manage others, and collaborate with remote lab personnel
Ability to work independently under remote supervision
Experience with development and build out of new laboratories preferred
Should have bachelor’s degree in the chemical, environmental, biological sciences, physical sciences or engineering, with at least twenty-four college semester credit hours in chemistry and at least two years of experience in the environmental analysis of representative inorganic and organic analytes for which the laboratory seeks or maintains accreditation.
Cannabis Industry experience a plus
Highly detail oriented and organized, critical eye for optimizing workflows
Ability to inspire and motivate employees and team members; encourage productivity and passion
Demonstrate effective delegation of tasks
Ability to manage and develop key performance indicators of staff members
Effectively manage changing priorities and remain calm under pressure
Strong organizational and planning skills
Ability to demonstrate and encourage teamwork and collaborative environment
Excellent problem solving and critical thinking skills with demonstrated ability to gather information and develop solutions
Demonstrate responsibility, accountability, and dependability toward assigned tasks and duties
Ability to demonstrate professional, positive attitude toward assigned tasks, projects and colleagues
Accredited laboratory environment requires strict adherence to safety and Quality Assurance protocols.
Must be 21 years old
Background check required
These qualifications may vary by state according to their determined regulations on employee education requirements.
Working Conditions and Physical Requirements
Sufficient motor function to perform a variety of routine laboratory testing, move freely and safely from one location to another in the laboratory; sufficient upper body muscle coordination to collect appropriate clinical specimens safely and accurately; dexterity to manipulate tools, instruments, and small equipment, including keyboards or other data input tools in a manner consistent with standards of clinical laboratory practice; ability to travel to assigned clinical experience sites if required; lift and move objects of at least 20 pounds.
May be required to work with a variety of hazardous materials. This job may include some extended work hours or weekend work during harvest and other busy seasons. Requires work in a laboratory environment with some exposure to noxious fumes. May require long periods of standing.
About EVIO Labs
EVIO Labs is an industry leader working to protect public health and safety while supporting local cannabis producers and processors with analytical testing, product formulation, and educational services. Not only do we know chemistry, we know the cannabis industry. Our team consists of an ever-evolving and expanding group of scientists, researchers, engineers, educators, business owners and experienced cannabis industry veterans. Our labs already serve thousands of cultivators, product manufacturers and dispensaries and retailers across Oregon, California, Colorado, Massachusetts, Florida and Canada.
We pride ourselves in maintaining a collaborative environment where our teams support and work together cohesively. We work hard, but we believe in having a good time doing it! This is a unique opportunity to join an ancillary services company at the front lines of the changing cannabis industry and contribute to the ability of consumers to receive safe, clean cannabis. Be part of the EVIO family, a group of talented people who are driven, embrace change, and our mission to improving quality of life through passion, science & innovation.
And you know this, how? Because they put his name on a press release? Waldrop is an control freak with a massive insecurity complex and short temper. Your saying that guy is now a figurehead. The two of them are. The titles CEO and COO -the $150,000 each a year salaries, the $30,000 annual car allowances for both of them, the constant reminders in the press releases of the two being CO-Founders and did you ever notice that Waldrop is the Chairman of the board. Not sure how you couldn’t notice. His massive ego has made sure to include the fact in almost every press release the past six months. The problem at its core is the ego of those two. Neither one of them has run a public company before. Of any stature or size. So they’re kindest is not for the success of the shareholders and the deal. It’s their own ego ms wrapped up in THEIR deal. When you work with serial entrepreneurs who do deals all the time - they get it. It’s all about the deal and the shareholders cause there is aleays another deal for your ego to get wrapped in. But when it’s your first and one and only deal EVER - what gets serviced is Waldrop aand Glauser fragile egos and who gets the shaft. Shareholders.
Call it tax selling if you want. Last years Christmas pop was because intel of the raise leaked out. One day after it was signed and 35 days before it was publicly released. It wasn’t some Christmas tax selling miracle. The market has spoken its verdict. They can’t raise anything, they can’t get any meetings, they have pissed off so many people and burned so many bridges - this management team is so insularity toxic - what’s happening right now is this. Because of the almost “lunatic” level of current managements inability to deal with reality, (its MY company, I’ll do whatever I want” screaming sessions - there is a group reportedly looking to buy up stock on the cheap - like it has been for months now (not tax selling) - and they will notify the sec and they will walk into the boardroom with like 12% of the outstanding paper and will tell will Waldrop and Lori Glauser to get out of the boardroom and never come back. Take their stock and stop screwing everything I’ll. And especially get a team that knows how to run a company and who can garner the respect and support of their own employees but more importantly the respect of the bankers and the market makers.
They reqched out as the rep was the same group talking to my broker about putting together a big short and wiping out the deal. Seems they found a couple of million that management already pitched, but who decided yes they believe in the deal but he’ll no were they giving it to Waldrop or Glauser to burn up and waste again.
Watch for fireworks as they panic to sty I control. It will be an ugly couple of months as the ego of those two will make it nearly impossible to get their heads thru the boardroom doors. But they will seems the new group really has a plan. And big money. Soak up all the wasted diluted paper and get a CEO that analysts don’t laugh at.
$EVIO the leader in summplemental Cannabis services sector leads the pack today opening with a roaring 7000+ shares traded in the first 30 minutes of open. That’s right a sector leader who takes no prisoners and hs the attention of not only its shareholders looking to make big return, but more importantly the overall cannabis sector looks to evio as a barometer of the entire marketplace. Being strategically positioned as the conduit or choose point through which the majority of every ounce of consumed cannabis in North America passes. The stock brokers, stock analysts the financial media, why even Jim Cramer lines his bird cage with EVIO certs
recipe substituted sand for sugar. Looks like a cake but tastes like dirt.
Blah blah blah - it’s all roses until we find out that someone in senior management overlooked submitting a document and the company has to withdraw itself and the shareholders suffer and there are no revenues
For six more months, but it’s not their fault, cause it’s just a small company, just getting started
This raises a great point. What has the management team done to make this an inclusive equity to own? The general public has no idea of the circumstances of why a company like EVIO exists never mind the fact the have no idea they exist. This is a massive failure of managements - being in the single unique position. And yet nobody knows the status of the supply chain to recognize your singular unionize position in it. Arguing about whether or not testing gets done is superfluous in a world where absolutely nobody realizes the role a company like evio has. That’s on bad manAgement. Arrogant management. Smug management listening only to smell of their own farts and flunkies intimidated by bullies at the top into group think submission. In fact nobody knows who this company is never mind what it’s role in the unnamed sector it dominates?
This is where the reality disconnect gets grotesque. Evio management seems to believe that they have zero responsibility to promote the company, to regularly and clearly inform shareholders of their ongoing goals, refuse to provide any targets, refuse to provide any clear updates, refuse to update ongoing issues - complete disregard for anything resembling a simple mission statement. Nothing.
Just let everyone twist in the wind. Yet fully arrogant and confident that it’s sumply a matter of everyone else “getting it” somehow everyone is supposed to magically “get it” that their unspoken goals and mission statements never said will somehow magically manifest themselves spontaneously in hundreds or thousands of people’s minds. And finally then they will see your genius. Fantasy thinking. Deluded thinking. Silo thinking. Arrogance at its core. And a contempt for common shareholders that is palpable. It they’re returning the favor by continuing to dilute and sell off. So there’s the result of the referendum.
Will they change? Unlikely. My guess is hubris will win out and the shareholders will. Intimidated to suffer. Until this is something concrete out of this. They kept pointing to 2018 as some magic bullet. Now it’s next year. The one constant is management. The one. And the dilution and the price crater and the excuses and the no news.
The Canadian raise was a brokered private placement. That means brokers introduced individual clients to the deal. Albeit high net worth clients. But clients just the same. If EVIO management had the continued ongoing trust and support of the brokers their clients wouldn’t be selling wholesale like this. Some would yes. Quick profit turnaround people who wouldn’t hold a stock for 15 seconds if they’d cleared 10 points profit. But this narrative was sold to these brokers and their clients as a once in a lifetime business opportunity never before seen - the one sure fire cash flow business in cannabis. Guaranteeed revenues as every gram of cannabis flower oil and edible across the United States and Canada and around the world is tested for potency and poisons. And we’re the one to do it. Narrative like that should keep people onboard for the long haul.
Obviously EVIO management team has failed spectacularly in the goal of creating anything resembling market or investor confidence in themselves or in the future with the ongoing sell off seemingly unending.
I’m curious whether evio management understands the referendum that appears to occurr daily on their abilities in the form of the huge number of asks available at prices that I don’t think anyone is making money on. An endless stream of paper available from people who have apparently given up. If the market had any faith the available paper at these prices would be almost nothing. Instead we get vilumes of 150,000 a day of people selling at a loss - because as much as some people on this board are convinced all is rosy - and by all rights it should? be. The general market doesn’t seem to have confidence.
Who cares if the public perceives it as pursuing their own benefit, that’s the entire point. Nobody died. The point would be not to attack the companies or parties involved. It’s the process and EVIO place on it. If this company cannot find a way to leverage a mold recall because “it would be in bad taste” - I give up. Fuck this company and its idiot shareholders.
Quick Equities 101 lesson for all who say they are happy that $evio doesn’t “waste” money on investor relations, everyone apologizing for $evio infrequent and often terribly written press release. Everyone making excuses for managements complete lack of anything even close to professional investor/ media communications.
Here’s the lesson. A normal, competently managed public company is running a constant drumbeat campaign, a sometimes subdued, sometimes loud. It always there campaign of awareness. Of what it does what it has done. What it will do. What it aspires to. What it’s mission statement is. Why you should come along for the ride. Not one rando badly written often confusing PR every so often when we can get around to it. But a nice rhythm. Got a nice beat you can dance too.
Then when a mold product recall is front page news - the media and marketplace ALREADY know what the solution is. Your company. But right now it’s pretty clear the market doesn’t know shit. And the morning after an announced mold recall - the one public company in the world that should be the go to stock in a crisis like this. There’s no volume. It’s going to open lower than the previous close. Sad and truly pathetic
Top 3 Bloomberg stories in Canada today. Cannabis mold recall
Where is keystones press release? Where is evio commentary? What is wrong with this board? Big breaking mold story one month into legal cannabis in the board of the one public company in the world that could prevent this kind of thing - and all anyone in here is doing is playing grab ass. Starting to to think a company with a management team as disinterested in shareholder value attracts too many shareholders who could care less as well.
Three bids to open lower than previous close. Nice job generating an interest and understanding of the company and analytical labs EVIO. Way to take advantage of the breaking news. #pathetic
https://www.bnnbloomberg.ca/mould-reports-spark-pot-producer-redecan-recall-1.1172506
Update: Canada marijuana producer issues voluntary recall after complaints of moldy cannabis
8pm EST nov 22
RedeCan says it first received a complaint about the issue on Nov. 18 from a customer who had purchased a 3.5 gram bottle of a strain called “B.E.C.” through the Ontario Cannabis Store.
The company has since received four more complaints about mould in 3.5 gram bottles of the product. Images of mouldy weed have also accompanied complaints online and have gained traction on social media.
In a statement released Thursday, RedeCan said that this is the first time that such a problem has arisen since it became a licenced producer in 2014. However it said that it is taking the complaints seriously.
RedeCan is voluntarily requesting the return, not only of Lot B.E.C. 4B2L3, but of all units of the B.E.C. brand, being every lot of this strain that it has shipped,” the company said in its release. “We will be working with OCS on the logistics of how to best do this, and we will make a further announcement in this regard.”
The company said it will inspect and test all 7,400 affected bottles of the product and will work with Health Canada to verify batch samples of the strain through a third party.
https://www.cp24.com/mobile/news/ontario-marijuana-producer-issues-voluntary-recall-after-complaints-of-mouldy-weed-1.4188929
UPDATE: Canada tainted Cannabis scandal One of the bug infested cannabis strains featured in Canada’s tainted cannabis scandal went from 33kg of availability to zero in the past hour on the Ontario Cannabis Website according to Twitter account @OCSUpdates420 - obviously moldy bug infested product had been shipping for weeks since Oct 17 - still nothing official from the Government! Run website to purchase cannabis (big shock) let’s see if they attempt to cover it up or come clean about the bug infested moldy product they’ve been delivering for the past month. Anyone say “class action lawsuit”?
For context. The number one selling brand of cannabis on the Ontario government cannabis shopping site sold 6.5 kg in the past twenty four hours. When 33kg of one particular strain zeros out within60 minutes. It didn’t sell out. It was yanked off the shelves.
Right now scandal of tainted Canada cannabis is limited to fringe websites and YouTube. Tracking this story for a couple of days as it migrated from Reddit - anticipate major news outlets will jump on the story over the weekend as more photos and videos and evidence of multiple products infested with bugs, mold and more are being delivered everyday to Canadian cannabis consumers.
From crisis, emerges an opportunity. $evio HAS to get in front of this. Any number of options SHOULD be available to an integrated international public company.
A. “Friendly” media member who comes to $evio “authoritative comment” for just this occasion (do they have those relationships established?)
B. Issue an $evio PR reinforcing what it is they actually! do and how it actually! Prevents this kind of stuff - doesn’t need to name names or lay blame directly. Something like - multiple media/ social media posts have reportedly displayed multiple instances of “allegedly tainted” product - to remind/ inform consumers, politicians, health care professionals, licensed producers - there is a very simple solution to solve this problem and to reduce its repeat performance to that of .01% probability. It’s the companies entire business model. $evio
C. Get creative. Produce a video to accompany the PR - discussing the issues faces. How could something like this even happen not once apparently, but multiple times. What’s currently the issue faced that this product was for sure not tested. Or if it was. Maybe rubber stamped by the LP in-house testing protocols. - a great place for $evio to come out HARD for hard and fast riles for comprehensive independent 3rd party testing.
D. Get in touch with the guy who made the video. Do a Skype and record it. Don’t mention company names. Just the guys “experience” - walk through that and then do the “we’re you previously aware that analytical lab companies like Keystone/EVIO existed to prevent this from EveR happening? Play with his answer either way. No i wasn’t, but boy am I glad to know now! Or yes I was and it’s a crying shame you weren’t part of this supply chain to prevent people from getting sick from a product they might just have purchased as a medicine. With a compromised immune system, that inhaling moldy cannabis might actually KILL
E. If there isn’t already some policy for LABELLIING cannabis as “certified tested by a certified lab” in Canada then get out front of the issue and get lobbying! If there is - pint out how it might have failed and how it could be improved.
It’s a scandal. That’s in the sweet spot of 25 consecutive 40 foot Steph Curry 3 pointers. All net. It’s that easy to take this issue and blow it up to bring attention to what $EVIO/ Keystone will is to solve it. Using. Science. Methodology. To inform and protect the consumers health. And especially those small sick children or old grannies with compromised immune systems who shouldn’t live in fear of their medicine killing them.
Pest infestation was not secluded to a single cannabis order, or even a single strain as the user went on to post multiple orders of various packaging dates and strains.
Every listed order and strain had an image attached, and the user went on as far as to make a video about his findings.
Several Canada Customers Have Found Mold On Their Weed And Are Warning Ontarians To Check Their Orders
- if $evio can’t find a way to exploit the crap out of this to their advantage by Monday morning - something is very wrong.
user named N1shh took to Reddit yesterday to share that he found mold on a bud of legal weed he had ordered from the OCS. He identified the cannabis in question as "Redecan BEC lot #4B2L3."
Unfortunately, it seems this isn't an isolated incident. The user claimed in his comment that he hadn't even thought to check his weed until he saw other people complaining that they had found mold in their own product:
After the user contacted OCS, they also learned that the company has been dealing with several issues regarding moldy weed. As a result, the OCS is asking customers to inquire and send back their orders to be examined and refunded:
https://www.narcity.com/news/several-ocs-customers-have-found-mould-on-their-weed-and-are-warning-ontarians-to-check-their-orders
Double up your position! Average down to .75 what do you think?
On Pace for $10-12,000,000 2019 revenues $EVIO it could be argued is WAY undervalued today. Today’s market cap is around $11,600,000 add on the intellectual property of 100,000+ tests, the lab equipment, the Worlds First testing kit developed in $EVIO Canada - the opening marketplaces.
Not enough potential investors have $EVIO on their watchlists today. Gotta step up that investor awareness / comms. Enough preaching to the choir. Get out of the church and get on the road, billboards, radio, TV, web to introduce the gospel to all the people who’ve been waiting for an Investment return play like this their entire lives.
Key drivers for $EVIO revenue growth included
Key drivers for revenue growth included California’s new testing requirements that came into effect on July 1, 2018, and stabilization of the Oregon market.
The company has several strategic initiatives underway to continue its momentum. $EVIO Labs Berkeley is prepared for the next increase in state mandated testing requirements commencing January 01, 2019. $EVIO Labs Humboldt is completing installation and optimization of equipment and is scheduled to provide full compliance testing services in the first quarter of 2019. $EVIO Los Angeles and $EVIO Palm Desert laboratories are in the licensing process and are forecasted to come into service during the first half of 2019.
We are pleased to report unaudited revenue for the fiscal fourth quarter ending September 30, 2018 of $1,054,000 vs. $634,338 for the previous quarter ending June 30, 2018, representing quarterly growth of 66%,”
https://www.greenmarketreport.com/evio-revenues-increase-9-9-for-fiscal-year-2018/
California is going to deliver MASSIVE revenues in the future. MASSIVE. Imo
Very unlikely scenario. Supply and demand will weed out the inefficient. Prices have dropped substantially in the past three years if you follow the data published by Cannabis Benchmarks published every Friday. $2000 - $3500 /lb was the benchmark circa 2014/2015 and now it’s just another commodity. 800-1200 /lb. rumors in Oregon of 100$ pound prices are the result of oversupply but aren’t sustainable. It’s like digging gold from the ground. There is a fixed cost of cultivation/ extraction.
Everyone back in 2015 thought they’d be Pablo Escobar reaping massive profits. But now it’s priced as a legal commodity - nobody’s getting their inventory seized creating false scarcity and driving up prices. The market will separate the winners from losers and a price equilibrium will be found imho.
Still won’t drop the price to that of tobacco. The infrastructure of cultivation, processing and retail is way too costly for that. You can buy cigarettes at any shop in any city. They aren’t under lock and key. The staff aren’t criminal record screened. The delivery isn’t by armed courier to a retail location that is a hardened facility with security features/ cameras/ distance from a school Etc. Etc
Of course convenience/ grocery stores / gas stations have cameras (who knows if they’re turned on or even real - at a convenience store the only person who cares whether the camera is turned on is the owner and the cops if they get robbed. If a cannabis retailer pulled that stuff they’d lose their business. Check my post today of Oregon cannabis enforcement going in depth this fall to find the cheaters )
But they sell a million other legal products to pad their bottom line. In a scenario where one type of licensed facility must meet specific stringent requirements to sell one particular products that must be a secure facility and tested by an analytical lab like $evio and etc -