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Revenue guidance for 2015 will be based on edible gardens and there will be no revenue from Nevada dispensaries as they will be under construction with a deadline of completion in Dec of 2015... I would think they might generate some income in 2016....but based on 11 million up front expenses and 50% return on money....profit could be a couple of years away....
Appears million shrs added from Aug to Sept per S1 and S1a
As of August 1, 2014, there were 181,371,092 shares of Common Stock issued and outstanding.
As of September 9, 2014, there were 184,296,319 shares of Common Stock issued and outstanding.
We have the authority to issue up to 350,000,000 shares of Common Stock, $0.001 par value. As of September 9, 2014, there were 184,296,319 shares of Common Stock issued and outstanding. We have reserved for issuance an additional 142 ,884,318 shares of Common Stock to contemplate the conversion and exercise of all of our currently outstanding preferred stock, warrants and convertible debt.
Warrants
The following table summarizes information about our warrants outstanding, all of which are presently exercisable:
21.6 million shrs over the next 47 months see page 32 for breakdown but just in the next 12 months over 6 million warrants can be exercisable..
To all you posters that PM me, thanks and sorry I cant post PM's
You already know that we are best friends on FB
Blumoak is Non profit by state law....... thus they can only make what it takes to make.......
I just showed the best revenue for the Nevada three locations will be seven million a year... In 2014 Edible gardens will be at least 7 million and next year with the addition on NB they will make at least ten million....while Marijuana sales will peak at 7 million based on current debt and lack of 100% ownership
I am about out of my quota of posts so if you re read all my posts today u will see that figure but roughly speaking the 11 million investment will return roughly 7 million annually for us and 7 million annually for the total investors involved, who put up 1.3 million and we put up 0ver 9 million...
Is it reasonable for one medical marijuana patient to buy 5 oz of marijuana a month. If not, then the number 39,000 goes up....
Nevada will have 18 dispensaries so each will have to have 39000 patients to achieve same results which means Clark County alone will need 700,000 patients and I believe that report shows the entire USA has around that same number....
State Registered Medical
marijuana patients
State population
(000's)
% Registered
patients
Alaska 1,246 735 0.17%
Arizona 33,601 6,627 0.51%
California 553,684 38,333 1.44%
Colorado 107,666 5,188 2.08%
Connecticut - 3,596 -
Washington DC - 646 -
Delaware 21 917 0.00%
Hawaii 11,695 1,404 0.83%
Maine 16,444 1,328 1.24%
Massachusetts - 6,693 -
Michigan 122,349 9,896 1.24%
Montana 8,717 1,005 0.87%
Nevada 3,558 2,759 0.13%
New Jersey 239 8,899 0.00%
New Mexico 8,188 2,086 0.39%
Oregon 56,939 3,899 1.46%
Rhode Island 4,466 1,050 0.43%
Vermont 559 627 0.09%
Washington 99,943 6,971 1.43%
Total: 1,029,315 102,659 1.00%
So based on your numbers you agree that it will take 39000(THirty Nine thousand) Nevada patients...
Using your credible numbers:
35,000 sq feet generate 12346 lbs yearly equals 197,536 oz of marijuana. Patients can have only 2.5 oz per 14 days...but lets say 5 oz a month....that means your one dispensary in Nevada needs
over 39000 patients....to sell those 12346 pounds in one year.
State of Nevada has 5000 patients....
TRTC will have two cultivation centers thus now we need close to 80,000 patients....
Nearly 60% of dispensary owners who responded to a recent industry survey said they take in $500,000 or less in annual revenues
http://mmjbusinessdaily.com/from-less-than-100k-to-millions-of-dollars-annual-marijuana-dispensary-revenues-run-the-gamut/
I suggest you be realistic on revenues....
18,000,000 in yearly revenue for one dispensary in Clark County means that one store needs 15000 patients to spend 1,000 a month to gross 18 million...
There is only 5000 MM card holders in the whole state....
Buts lets say 15,000 patients do spend 1,000 a month and the dispensary takes in 18 million...
DP says it will cost 35% of gross in expenses... thats 6.3 million
Now we have 11.7 million but remember this 800 POUND Gorilla....there is two investors that get app 40 to 60% of Profit.
So cut that 11.7 in half....
So under ideal circumtances revenue is 5.8 million...
Bottom line :Basil and Tomatoes will make more money than Marijuana...
In conclusion, total net of 7 million per cultivation site minus 50% (roughly to pay investors) equals roughly
7 million return annually on two cultivation centers.
I personally think the dispensary side the business will be a headache, alot of overhead and not worth it...rather just sell top quality product at the best price to ALL the dispensaries in the State...
See Link as to running a dispensary..
http://azmarijuana.com/caregivers/medical-marijuana-as-a-business-%E2%80%93-how-much-to-open-a-dispensary/
numbers to support total annual return of 7 million.
I believe you posted a pound of weed can sell for up to 3 grand and a 50,000 sq foot facility can generate up to 75 pounds a week.
Does that mean 75 pounds times 52 weeks equal 3900 pounds at a rate of 3,000 a pound...
If so $3,000 a pound times 3900 pounds equals 11.7 million not 25 million and don't forget DP said it would cost 35% of gross to operate so 35% of 11.7 million is roughly 4,000.000.
My final net is roughly 7,000.0000 dollars..
I am responding because you all stated "its all about the money"..
Speaking of which I forgot to deduct 40% from the 3.5 cause we are only going to get 60%......
So 2.1 million is correct for each clark county dispensary a year.....
So at 5.5 million to build I think you get the picture on how long it will take to make you a millionaire...
I was crunching your numbers and if I am wrong please help me.
I believe you posted a pound of weed can sell for up to 3 grand and a 50,000 sq foot facility can generate up to 75 pounds a week.
Does that mean 75 pounds times 52 weeks equal 3900 pounds at a rate of 3,000 a pound...
If so $3,000 a pound times 3900 pounds equals 11.7 million not 25 million and don't forget DP said it would cost 35% of gross to operate so 35% of 11.7 million is roughly 4,000.000.
My final net is roughly 7,000.0000 dollars...
If your numbers and my numbers are right, that means the one cultivation center in clark county can only produce 3900 pounds of marijuana for TWO dispensaries, which means each dispensary in Clark county will yield a profit of 3.5 million a year at 100% operational speed.
Simple Math shows going forward with all three Nevada locations will render negative return on one out of three... Think about it..
All Three cost 11 million for a potential of 300% return
We pay over 9 million for 165 % return
Investors pay 1.3 million for 135% return
This means if all three locations go into operation, two of the three might break even at the end of the year and for sure one of the three will always be in the red....and logically that would be the RENO Dispensary...
Bottom line it would be more profitable to spend 5.5 million on Medfarms alone where we would get two dispensaries and cultivation with a return of 60%.
I hope your right....cause you need 15000 patients to spend 1,000 a month to generate 18 million a year....in which 6.3 is expenses leaving you with 5.8 million......for one year....hmmm it costs 5.5 million to build.... mmm there is only 5000 patients in the whole state of Nevada ...... food for thought..
Food for thought, we want the federal government to reclassify Marijuana and if so wouldnt that allow doctors to write a RX for it and then pharmacies sell it.....and then insurance companies cover part of the cost.....As a patient , am i going to take my script to a certified pharmacist and just make my co pay or go to a dispensary and pay full price for a strain picked by a bud tender......
You can bet competition in the form of pharmacies.
Once Marijuana is rescheduled Walgreens and CVS etc will want a piece of the action....and remember there is only one dispensary for every TEN Pharmacies in Clark County.... If fact Florida Pharmacists want in NOW.... Conn. and Michigan ALREADY are on board....
At least two other states have incorporated pharmacies in their medicinal marijuana distribution plans. The Connecticut program is the first in the country based on a pharmaceutical/medical model. Last November, a Michigan law passed which would allow patients to purchase medical marijuana from a licensed pharmacy if the federal government reclassifies the drug as Schedule II.
“We should at least have a seat at the table to help guide the discussion process on this,” said Michael Jackson, the CEO for the Florida Pharmacy Association. “We’re looking at a product that is being allowed to be used in the state to treat certain diseases and we’re specifically trained to be involved with patient care and treatment of diseases that this product is to treat.”
http://www.saintpetersblog.com/archives/155087
Your suggesting that medical marijuana patients will be drawn to Carson city and hired by the auto industry? FYI I recently watched the Clark County Commission as they had a work shop on medical marijuana and the commission re enforced to the fact that Clark County is only interested in medical Marijuana and will not support recreational marijuana...
In reviewing the three locations MediFArm in Clark County appears the best return at 60%.....and since TRTC is giving up 95% on Medifarm 1 and 2 I personally think it will take over five years to be profitable. Plus Washoe County has only 20% of the potential customer base at this time...Call me crazy but I feel we the shareholders will be better off if we only get Medifarm that contains two dispensaries and one cultivation center in clark county and the city of Vegas at a cost of 5.5 million....
Securities offered by the Selling Stockholder
53,036,514 shares of Common Stock (1)
Common Stock outstanding before this offering
275,710,363 shares (2)
Common Stock outstanding after this offering
328,746,877 shares (3)
ities offered by the Selling Stockholder
48,444,672 shares of Common Stock (1)
Common Stock outstanding before this offering
279 ,982,581 shares (2)
Common Stock outstanding after this offering
333,834,647 shares (3)
If you look at the totals after the offering you will see they didnt save five million....... It went from 328 to 333 million
Interesting breakdown on who pays for what in Nevada !!!
I may have missed something in the filings....but it appears this endeavor will cost roughly 11 millions dollars, where TRTC pays roughly 9.75 million...In simple math we pay close to 90% but receive 50%, 55% and at best 60%...
In Medifarm where we get 60%, I dont see any documentation on those two individuals paying anything for their return of 20% each. I will assume they are the landowners...but still 40% seems high..
Medi farm 1 we get 50% and Forever Green gets 50% and in the form of debt gives 500,000
Medi Farm 2 we get 55% and Forever green gets 15% but pays 750,000 and Nevada MF gets 30% but pays ZER0!!!!!!!
Whoever Nevada MF........ they got a sweet deal....unless I missed somthing....
We have used a portion of the proceeds received in the Debt Placement for the permitting process and professional fees, including architects, engineers, attorneys, and lobbyists with respect to MediFarm, MediFarm I, and MediFarm II. Assuming MediFarm, MediFarm I, and MediFarm II receive all the necessary permits and licenses applied for, we anticipate we will need approximately $11 million for the commercial development of these subsidiaries. With respect to MediFarm, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000 for the dispensary facilities and approximately $5 million for the cultivation and production facility. With respect to MediFarm I’s dispensary facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000. With respect to MediFarm II’s cultivation and production facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $5 million. Forever Green NV, LLC, a member of both MediFarm I and MediFarm II, has agreed to contribute approximately $500,000 in the form of debt to MediFarm I and approximately $750,000 in the form of debt to MediFarm II. We will be obligated to contribute the remaining amount, or approximately $9.75 million in the aggregate, for all three subsidiaries.
I look forward to seeing the plans on the cultivation and production facilites at a cost of Five Million dollars....From what I recall, DP planned on growing produce as well as marijuana and was going to extend Edible Gardens to the south west and North west sections of USA....If they do intend to produce veggies etc....they might be able to begin a growing season and bring in revenue as they go thru the long process of building the Marijuana side of the business...
The last sentence of "Use of Proceeds" hopefully will not occur...I cant understand why they need five years of operation funding in such a lucrative market?
We used $226,840 of the proceeds received in the Debt Placement to repay an affiliate of Dominion for an outstanding loan. We have used and intend to use the remaining proceeds from the Debt Placement and from the exercise of the Warrants to execute our growth strategy, to aid in the commercial development of GrowOp Technology, Edible Garden, MediFarm, MediFarm I, and MediFarm II, and for general corporate purposes.
We have used a portion of the proceeds received in the Debt Placement for the permitting process and professional fees, including architects, engineers, attorneys, and lobbyists with respect to MediFarm, MediFarm I, and MediFarm II. Assuming MediFarm, MediFarm I, and MediFarm II receive all the necessary permits and licenses applied for, we anticipate we will need approximately $11 million for the commercial development of these subsidiaries. With respect to MediFarm, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000 for the dispensary facilities and approximately $5 million for the cultivation and production facility. With respect to MediFarm I’s dispensary facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $500,000. With respect to MediFarm II’s cultivation and production facility, the estimated construction budget (for year one) and operation budget (for the first five years of operation) is approximately $5 million. Forever Green NV, LLC, a member of both MediFarm I and MediFarm II, has agreed to contribute approximately $500,000 in the form of debt to MediFarm I and approximately $750,000 in the form of debt to MediFarm II. We will be obligated to contribute the remaining amount, or approximately $9.75 million in the aggregate, for all three subsidiaries.
With respect to GrowOp Technology, we anticipate needing approximately $110,000 for the commercial development of this subsidiary, which includes anticipated expenses for purchasing, marketing and selling of a new line of double ended lighting.
With respect to Edible Garden, we used approximately $700,000 of the proceeds received in the Debt Placement to purchase high tech Dutch movable hydroponic tables that we anticipate will reduce labor and increase productivity. We anticipate requiring an additional $50,000 to assemble and install these tables.
We intend to raise additional capital through equity and debt financing as needed, though there cannot be any assurance that such funds will be available to us on acceptable terms, on an acceptable schedule, or at all.
Anyone have an idea how much this is going to cost us each month starting August 5th ??
Each Note accrues interest at a rate of 12% per annum and has a maturity date of 18 months after issuance. All principal and interest due and owing under each Note is convertible into shares of Common Stock of the Company at any time at the election of the holder thereof, at a conversion price equal to approximately $0.30753 per share, subject to adjustment. Beginning on August 5, 2014, and continuing on each of the following eleven successive months thereafter, the Company is obligated to pay 1/12 th of the face amount of the Notes outstanding and accrued interest.
The Notes are currently convertible into a total of 20,654,103 shares of Common Stock, which may increase in the future if the conversion price is adjusted upon our sale of equity at a price less than the then-conversion price. Pursuant to the Amendment, we agreed to reserve an aggregate of 41,308,206 shares of Common Stock for conversion of the Notes upon such adjustment, all of which are registered hereby.
Does this mean we only get 55% return on our investment in Washoe County?
We formed MediFarm II on July 30, 2014. We own 5 5 % of the membership interests in MediFarm II. The remaining membership interests are owned by Nevada MF, LLC (30%) and by Forever Green NV, LLC (15%), two otherwise unaffiliated parties. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada.
Does this mean we only get 50% from the Reno dispensary?
We formed MediFarm I on July 18, 2014. We own 50% of the membership interests in MediFarm I. T he remaining membership interests are owned by Forever Green NV, LLC (50%), an otherwise unaffiliated entity. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm I to operate a medical marijuana dispensary in Reno, Nevada
I see in the latest filing what does 60% of the membership mean as it relates to the Dispensary in Clark County, the Dispensary in the City of Las Vegas and the Cultivation,Production site in Clark County.
Link: We formed MediFarm on March 19, 2014. We own 60% of the membership interests in MediFarm . The remaining membership interests are owned by Camden Goorjian (20%) and by Richard Vonfeldt (20%), two otherwise unaffiliated individuals. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas.
I thought they were going to touch the Plant Sept 1st ????
I researched the issue and found that State of California had a house bill 1262 that some said if passed would allow non profits to become profit....but in the last week of August the bill was KILLED.
It appears California will remain Non Profit for at least another year or two....... Maybe it would be wise to move that extraction lab to a different state so to maximize their return on it...
Hopefully we will hear why there has been a delay in the near future..
The latest filing shows operational funding for FIVE years. Why would they need funding for five years if they are to be so profitable?
How does it become profitable in a NON Profit State of California?
California Medical Marijuana Regulation Bill Dies In Committee
In a little noticed but significant provision, SB1262 would also permit the nearly $2 billion medical marijuana industry to turn a profit. As the East Bay Express reported, current guidelines, crafted in 2008, required medical pot collectives to “operate as ‘not-for-profit’ enterprises.” The rule has become a legal sticking point in recent years as arrests, raids and prison sentences have depended on charges of “profit-making.” - See more at: http://calwatchdog.com/2014/08/21/new-ca-pot-bill-snuffed-out/#sthash.xftZJBmk.dpuf
California Bill 1262 defeated last month
This bill would have allowed non pro fit dispensaries to become profit....aka BlumOak...but now it will be a couple of years before it comes back up...... I believe this will cause the delay in the extraction lab in oakland Ca..... thus no touching of the plant..
http://www.theweedblog.com/california-medical-marijuana-regulation-bill-dies-in-committee/
And in Michigan, the state’s governor recently signed a bill that would allow pharmacies to sell medical cannabis – if the federal government ever recognizes marijuana as a drug with health benefits.
http://mmjbusinessdaily.com/pharmacists-increasingly-seeking-piece-of-mmj-pie/
Council: Berkeley Dispensaries Must Provide Free Cannabis
http://mmjbusinessdaily.com/berkeley-dispensaries-must-provide-free-cannabis-under-new-rule/
This Prospectus may also be used by transferees of the Selling Stockholder, including broker-dealers or other transferees who borrow or purchase the shares to settle or close out short sales.
See S 1 for verification: section 25 Plan of Distribution paragraph two.......
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10141233
No problem....... they are NON PROFIT.....so they are selling at a price to cover expenses only....... per California law...
Everyone has a reason, mine is not money, but I did choose to buy Medical Marijuana stocks after I saw what it did for children with seizures and its potential in cancer research...then add the crisis of contamination in our food sources and seeing how they produce veggies via water without pesticides....I feel is a worthy cause and will make a nice return on a dollar....
That statement says it all.... my friend.....sad