Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NuLeaf Purchase Inaccurate Info, Post #271931.
It seems your unaware of company matters now almost 2 years old despite an extensive post history displaying otherwise.
"letter of intent to acquire 50% of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC."
"has made a convertible loan to NuLeaf Sparks, and a convertible loan to NuLeaf Reno, both of which will automatically convert to 50% ownership of the NuLeaf entities upon approval by the State of Nevada"
As of June 6th, 2018, approval was received and cultivation commenced.
I think an apology to the board should be offered.
Yes, completely overlooked (again), and thank you for effortlessly proving my point, as in what way, shape, or form does your statement remotely address that which you were replying to, which was:
I did find it of great interest since his statements were incorrect, and displayed a fundamental lack of understanding of cannabis production, as well as basic business strategy. (ie: You don't state you can produce for $400 prior to launch. That tells your buyers even before your open they can negotiate you down to $500 per lol...)
As usual, it is overlooked exactly who and what NuLeaf is as well, who are now a TRTC partner.(BPG, 2 decades of experience in production and the industry). Not to mention mourning the loss of someone who has displayed the level of dishonesty that has been shown is ridiculous.
VV or BPG......Hmmm......who would one pick.......that's a hard decision lololol.
And yeah.....I'm very familiar with "tomato growers" seeking to enter the cannabis space LOLololol....s...m....H....lol
Hence my position. I don't see how anyone actually familiar with both companies current holdings and activities, (as well as pending, and post merger) could reasonably state such,especially at current levels isn't immensely attractive and promising.
As stated many times, I tend to view myself as the most critical as actually know and understand the processes and operations.
You as well (enjoy holiday). I'm pretty much working through it as coordinating quite a few Black Friday/weekend sales at all the dispo's and the overseas licenses getting pretty busy/active. (Was in Vegas for Bizcon and we made a deal with a Canadian LP for one of them this past week...)
I was actually discussing this the other day.
"Slow or stop building"/"Give up".
As stated many times before, any and all matters is essentially my day to day life, and nothing I haven't seen and experienced many times.
Delays with state approvals? We keep working....
Investors complaining of costs and schedules?....We keep working...
Back orders, delays on local inspections? Just keep working....
And so on....
"On the ground", nothing said or done makes a difference...
The only thing done is to continue, and keep working...
I have never been involved in a project where it was not stated "In the end, your going to thank me, and say I was right".
Furthermore, as shared before, I have always noted the phenomenon of the closer one gets to the goal, the more they start to question and doubt.
One would think the greatest doubt would be pre application...and then once a victory and the process begun, everyone would be much more relaxed, optimistic.
Not the case, not how it works.
Such is an indicator of the general population, and their discipline and commitments, and ability to work towards things which sometimes take many month (if not years), never wavering from the goal, despite constant questioning.
The majority of the population would "fall apart" and "give up"....
That's why some are one way, and others another,and why we all are who and what we are.
NV 30k perfect example.....
1.5 years from announcement to harvests beginning (more or less).....The comments seen here alone an indicator. Endless doubt, questioning, etc....
How the game works. This industry and game is not for the impatient.
I would have to disagree with virtually all of your positions and statements, and would be glad to pose questions directly addressing the very same, and don't think you could produce replies which would support your argument(s).
I also noted your reply did not address my points. It was merely utilized as an opportunity to produce your own.
It's an extremely wise decision by both companies, actually at the perfect time, and creating top 5 holdings for a fraction of other similar actions seen throughout the year.
I see no evidence you are aware of the holdings and activities of either company, so therefore would question how you are arriving at the conclusions you are. I also see an increasing number of inaccuracies presented, which given above, would find those questionable as well.
I think people are forgetting, as elsewhere, the very essence of the markets, which is a difference of opinion.
Everything I know about both companies holdings and activities, and those pending (for both), combined with current value, as well as actions taken within the market throughout the year, and my personal knowledge of many top 5/10 holdings lead me to believe this is becoming quite promising.
The market, and being an adult, carries the right for any and all to act according to their beliefs and opinions.
Each and every individuals entry's and exit's determine if they were "right".
Not a random, unsupported opinion(s).
I have seen very little thus far which I would consider accurate, let alone unbiased, and reasonable, and think it overreaching at best for anyone to present they are speaking on behalf of shareholders, as I have been a substantial one in both for quite a while.
It seems more and more people are not aware of the basics of the market, let alone (as always) the cannabis industry, the mechanics of day to day processes and operations of such, nor the activities of companies within the space.
The essence of the market itself is differences of opinion.
For example:
I welcome (have, do, and will continue to) even a single post on either board addressing post merger and why any reasonable, rational adult with the most basic understanding would consider such actually anything less than incredibly wise, given that the industry itself and all actions have already displayed it as such, as well as a fraction of the price and value.
I note as well an incredible lack of understanding of either companies current holdings and activities, as is seen often.
We are also seeing a continuation of inaccurate information being presented. As is always the case, if one has to insert such in order to support their argument, they didn't have one to begin with.
I think it questionable for one to believe their "right" when one cannot produce a valid argument, free of inaccuracies, addressing that which they oppose.
Most cannot, and will not.
To come to the conclusion that current pricing has anything to do with the merger, at a time when GLD has touched similar levels many times prior, and the entire cannabis sector has gapped down not once, but twice, entering into a long holiday week/weekend is nonsense.
It seems very few understand either business, their holdings, activities, what those look like post merger, and the value created, otherwise, there would be little opposition.
As above (the market is differences of opinion), for one to assume they are "right" and all others are wrong itself begins at a position with zero support.
The facts of the matter being the merger will create a top 5 U.S holdings (and revenue), full CA and NV vertical integration (for both companies), as well as countless other things of interest.
As one who has held significant interests in each, served the industry and the operations within far more than any other here, and in many cases actually have intimate knowledge of the others within the "top 5", I would agree with management of both. The decision is wise, the timing is virtually perfect, and if one does not support the companies, they possibly may want to rethink their positions.
Meanwhile, in the real world......
The 2nd largest market in the nation goes for an adult use vote on Monday, 6 days from now, with 3-4 applications to be decided shortly, with the state prepared for 2 additional RFA's immediately thereafter, while WeHo and Nevada making final determinations 2 weeks from tomorrow (Fremont), with Nevada 30k about to begin staggered pulls, while entering a merger to create top 5+/- U.S holdings, as well as revenues, while GLD awaits Nevada approvals, a formality, with the 2nd Tahoe to commence hand in hand with 15k Nevada manufacturing, while Dyer is under construction, and both to be fully vertically integrated in CA and NV, while both are at extremely attractive lows, while preparing the beverage line launch, as the recent political changes create the most favorable support in historyof the industry moving forward.
Or are we still not discussing those things above?
And curiously enough, he just happens to do so the very day Massachusetts launches their adult use.
New Jersey scheduled for Monday
Scheduled and vote expected on Monday
I see it mentioned quite often the facility is "rented", and the fact of the matter is, most in the U.S are, and have always been for various reasons,and most of the time at amounts people wouldn't believe possible.
Those that have chose to build and own have been turning around and doing sale-lease backs, with one of the primary companies addressing that segment reporting enormous mark ups this past week or so. (The last 2 years or so has seen this more and more with the larger, well funded groups, who are now the very same who are turning around and dumping those properties and doing the leasebacks to free up the cash.)
I could point out this second 26-30k facilities with $3-5MM annual lease payments.
The activities in the market the past 6 months nationwide have seen the very same (facilities with 7 figure leases) selling in the $25-$58MM range as well, so, I don't believe this to hold any specific significance.
I would though fully agree the LV needs a change of cultivation leadership immediately, and state that any facility, anytime, anywhere can be turned around 100% most of the time by simply a staffing change, as is done all the time, every day, nationwide.
I've seen facilities drop 60-70% of their monthly overnight on staff changes, (product quality downturn) as well as increase 100%+ as well from staffing changes (production/quality improvement).
Staffing dictates a facilities performance and success, immeasurably more than the facility itself.
I don't have, (or need) an intimate knowledge of the facility and operation to state such. Marginal success they should be pulling $500k+/- a month, and if "killing it" should be hitting $800k-$1MM+/- a month, especially given NV flower wholesale(s) for quality product.
In case anyone is curious....
Medmen: Potential, But Some Major Concerns
I personally don't agree with quite a bit, (inaccurate, overreaching) and a starting point of the author claiming "Being from California and Colorado, I am all-too familiar with cannabis" yet declaring the first medical dispensary in California was 2010 (and MMen was the first in state) not a good starting point, as CA medical existed far before 96'.
The first dispensary San Francisco Cannabis Buyers Club was founded in 1992 by Proposition 215 coauthors "Brownie Mary" Rathbun, Dennis Peron and Dale Gieringer.
I believe BPG is actually the longest running dispensary in California (U.S) since 99' as well. (Those were very hard times back then in CA (Feds), so, the first in state, etc, would be a long story and overview....but any statement that was MedMen , and 2010 is just so far past ridiculous it's beyond comprehension). The inaccuracies of story far too numerous to address all.
I'm not in the mood to pull up your 400 posts about this topic which you seem to be presenting as never occurred....
Maybe (probably) later/another time I'll be glad to oblige...
Your addressing something a year old, part of $35(?) MM in sales which would represent ($35MM sales) many tons of product.
I don't really discuss such anymore for numerous reasons, but have easily held over 10MM+(+) TRTC and 8-10MM GLF at various times. My position and strategy are my own, and unrelated to my interests in cannabis companies and boards, which is any companies operational specifics, as that's my actual day to day profession. (I have no interest in other industry boards, as they're not my profession, etc.....)
Anything else would turn into an expansive trading seminar...
(I did short 5 figures in shares on the one that hit $300 recently, but, for the most part don't...but that was an easy call too hard to pass up and a "guaranteed" victory/return ;) lol Sure as the sun would shine $300 wouldn't be held and maintained ;)...(and as the sun rose, it didn't lol)
I will say I'm not a long in the sense I take a single penny loss, ever, on anything. (Trading 101, the "rule of 4".)
My entries, exits, positions, and strategies are my own, and vice versa and not something I discuss often.
Meanwhile, no one yet to address the future combined entity, it's holdings, their value, combined revenues, and how immense such will be.....
But that is nothing new, and part of the ongoing them to avoid discussing anything remotely positive, at any and all costs...which isn't necessarily a surprise, as the most vocal aren't shareholders of each, even including a stated full opposition to adult use cannabis being seen, despite both being adult use cannabis companies, let alone even the most basic knowledge of either companies current holdings and activities.
The curiosity of course being how could one be opposed if not familiar with what such actually is and creates?
The fact (fact) of the matter being the cumulative combined holdings actually create something far greater in many cases than other company's similar (claimed) holdings, as most companies the past several months (market favorites) are overstating and misleading people as to the actual status of their 50-80 claimed licenses, with one company actually having about 45+/- of their 80 dormant licenses and no operational locations carrying 8 figures in annual leases.
An actual shareholder, familiar with all current and pending holdings and activities would be very pleased..
TRTC-NV cultivation and manufacturing about to commence and start posting, WeHo, NV (inc Fremont),NJ pending, Dyer under construction, Beverage line in process, GLD Tahoe 30k, 60k, and another 30k pending, with GLD 60k commencing most likely hand in hand with the 15k NV manufacturing site, with the possibility of integrating beverage line into GLD OR retail footprint, (as well as NV retail), TRTC NV another 40k cultivation site and license, and actually, quite a few more things excluded...
Anyone is free to point out to me one post addressing such in the past several weeks now out of most likely 1,000 posts attempting to address this action..
Just one....anyone?.....Did I miss it? ;) lololol
No actual shareholder would be displeased...
Furthermore, as has been stated, I absolutely guarantee there is now a great interest by quite a few. The market and industry has seen the last several months an almost desperate attempt to assemble to greatest collection of holdings at almost any price. This was not (any price), and represents without a doubt the greatest value for such a collection of holdings that has been seen to date.
The wisdom of such (by all) has certainly been overlooked, which is supported by virtually every similar action the market has seen in the industry the past 6 months...To debate such would mean one supports paying $25-$58MM+ each for dozens of licenses at a time.
Of course, what is most amusing about someone running around lecturing others on "learning how to read" and "context" is the passage quoted was:
Arrangements with current providers would be one option, I'd always opt for creation of ones own, and then there are literally endless other possibilities.
THC/CBD:
Either is possible, that is simply determined by how one wishes and desires to infuse.
2. CBD would be nationwide product (as well as in adult use states, OR, CA, NV), with of course the THC product being something for CA, NV, OR adult use markets.
The fun aspect is some of the formulations can be obscenely profitable. The source/name escapes me at the moment, but there is one company doing staggered doses, staring at 2.5mg. (1 gram=1,000 mg)
What does that mean? lol. I'll tell you what that means.
That means if the product is marked up $1 over, production is yielding $400 a gram lol. (1 gram=1,000mg, 2.5mg a beer)
We're of course addressing "beer" with no alcohol content.
$2 over? $800 a gram...
I would not doubt for a single moment a sales team with the appropriate guidance could not distribute hundreds of pallets in a single week...
Depending on the product line and sales approach, the results could be beyond what many might expect...
No reason line can't be done and in every retail location extremely quick. Biggest issue just get the product in hand, the rest is easy.
I've done brand and product conception and design, launch....I think it's an area I really like....lol
That touched on another (valid, but not) issue.
"No testing labs in _________"
If no local labs (most establish their own, or bring one in), then sample is sent to offtake source/destination to perform such.
This would be an example and an overview of that process.
Not a valid point. Ridiculous insignificant argument not based on actual mechanics of the process, anywhere, anytime.
Furthermore, different purposes require different testing (and "certification(s)", but everyone, everywhere, at any time usually have in house/on site equipment for in house testing that can be secured for as little as $5k. ($25k though would be more what one would desire....)
I am absolutely aware of that, and another reason (and possible options, etc) why I stated such could be executed simply, and immediately.
Literally 2 dozen options on the table how to get a beer line launched immediately.
At a time when beverage companies have shown an astounding direct interest, and many more display a growing interest, I'd have a full beverage line launched, and appropriate sales staff get the entire line into every dispo in every state (CA,NV,OR) as quick as possible. (not difficult.....at all)
(I exclude Canada as a lesser knowledge of what they're currently doing with beverage lines, but that is also a future global adult use product line as well, but that would probably also bring into play overseas sites and more issues, so won't go into that...)
The perceived value of such (alone, in itself) could/would/will be greater than everything else combined.
Several additional points of interest:
I have stated Canadian acquisitions are due to the threat such operations pose to Canadian LP's export (and even domestic production) opportunities.
There is another reason....
Everyone, everywhere (globally) is looking for money all the time, so, the Canadian sources are where most (automatically) turn to first, as well as many Canadian operators have already established their export arrangements, and continue to...
I have mixed opinions on this...in many cases it's deemed "easiest/quickest" to launch....(Canadian funds, and offtake agreements in one shot), but I always advocate doing as much as possible, retaining as much control as possible, etc..
I recently had an overseas license I had an interest in flipped essentially 3 times (simultaneously) against my recommendations in the end. Group turned to A for funding, B partnered with A, C bought out A and partnered with B.....smh......
The only reason I didn't care too much in the end was we have a handful in several countries, and group needed a little cash (to do many things for the other licenses and sites), so.....is what it is....
Relating to above, my argument was we have the funds, resources, and abilities to get site underway immediately, offtake agreements (for product only), and that alone would have tripled/quadrupled+ the overall value overnight....
I know the word throwing people off. ("Offtake")
An agreement entered between a producer and a buyer to buy/sell a certain amount of the future production. It is generally negotiated long before the construction of a facility to guarantee a market for the facility's future production and improve chances of getting financing for the installation concerned.
I wouldn't agree, and the 21(?) different current pending issues wouldn't support such.
NJ announced many months ago 2 separate/additional RFA's to follow the current one, and that's not including adult use. If they by chance don't, there are many more opportunities in the immediate future to resubmit. Most of their pipeline is extremely "relevant". (WeHo, Fremont, NV 40k license/site, Dyer facility, Beverage line, etc...)
One has an entire year and literally dozens of actions to choose from regarding the value and efficiency. GLD holdings (post Tahoe) are fairly expansive, quite the value, with numerous possibilities how to further utilize and expand such.
You say desperate, I say extremely wise. We'll see shortly I suppose who's correct.
Almost weekly, if not monthly, there is new activity which values the post combined holdings many times higher than currently.
You have to remember, my interest is in the holdings, operations, and the mechanics of all related. I'm genuinely, personally curious of all the specifics involved as well as final operations (and revenue), etc....
I don't care if people buy, sell, short, when,where, how.....
But I do care about any nonsense related to the actual operations....
I would only agree with the Canada and OR exclusion, otherwise, not at all.
Regarding "organic growth", that was actually one of my valid complaints. Why does anyone acquire for increasingly unreasonable prices that which they are positioned to do through the application process. As an individual actually involved in these matters, I 100% agree the wisest approach, and the returns for such will hit I believe at some point soon.
Regarding value and "spending money recklessly", the daily events of the industry, for many months now display otherwise, so. Your establishing a position with zero actual support.
Judging by that very same activity, the final holdings, assuming immediate pipeline cleared, (January?...) should easily represent many times the current value of both companies.
The Canadian license provides more possibilities (for anyone, either) than one could begin to address here, and I think the market as a whole will react to the true value of both combined once pipeline cleared, as well as combined revenue post.
Cleared pipeline (for both) are going to post some serious numbers, as well as next 3 app rounds, majority in about the next 2 weeks. (WeHo, NV) and then NJ following.
I would also assume they will launch beverage line in OR, and NV as the additional cultivation and manufacturing in place will assist.
At the moment, my biggest issue is they should be including a beer line to the beverage launch, which is very important. The addition of a beer line for CA, NV would be immense....(and very little effort to do so........100 ways this can be done and executed fairly rapidly...
I'd accept a challenge to conceive, design, and launch a beer line
by New Years Eve...Would not be a difficult task if one had the resources of both companies combined to do so.
So I guess aside from OR/Canada not addressed, I pretty much disagree with every single point.
As previously discussed, that is one immediate possibility as well as the form many of these arrangements have taken. (Almost all actually.)
I would have to sit during a quiet moment and think fairly hard to identify operations that actually remained 100% with the original groups. There is (and has been) an enormous amount of activity regarding licensed producers/production sites/licenses outside North America the past 12 months alone.
Many of those deals changing several hands. (A establishes, B partners with A, C buys A/B, D partners with C, E buys out D......)
If one has a genuine interest, A good starting point could be found here, and one could easily get lost in the dozens upon dozens of operations, acquisitions, countries activities, etc...
The link above is 39 pages, 12 stories each page, (457 articles total) dating back several years, and that doesn't even scratch the surface. (For every article above, there are a dozen more events not listed...)
One should not assume the article headline is all contained within. Many articles will contain outlines of import/export activities, the various countries they have agreements, recent acquisitions globally, etc...) Argentina search returns.
The value though grows beyond understanding with each and every action established....(Establish offtake agreements/Get plants in/any development, etc.....)
There are actually several key points contained within that, which are quite significant, and actually being involved in such matters, ring 100% accurate.
Any commentary otherwise isn't based on fact.
Those being:
Now that is nice to see, and the behavior and statements I would expect....
But I would have suggested a slightly different approach on certain aspects, such as addressing Tahoe close and vertical (NV) integration to include:
Additional cultivation in progress (Sac 30k and Sparks 60k) feeding continued retail expansion efforts in NV market, as well as further vertical integration in CA...
As stated previously, the majority (97%) seem to be either missing or completely unaware these efforts, holdings, and actions further establish positioning as a leader in quality product in both states. (Schiavone/Tahoe, and NuLeaf, who is BPG). Superior quality is rare, in any market.
One will also note the (TRTC/NuLeaf) NV manufacturing facility (15k manufacturing) also commencing most likely hand in hand with the Tahoe Sparks (60k cultivation).
As addressed above, the Sac 30k, while unsure of specific timelines, most likely accompanying the Dyer retail/cultivation/manufacturing as well.
Additional CA retail, beverage, and NV retail excluded for the most part. (NJ excluded, as 50/50 chance but NJ ready for additional RFA's (several) as well as adult use shortly, so opportunities to resubmit should they not secure one are numerous....)
The final product/post merger cumulative holdings (and performance) will be absolutely immense...
And I continue to await anyone who can tell me how this is not preferred lol....
And of course, that's the catch there isn't it.....either way, doesn't speak highly of one...
It's either:
A. "I just read the tagline, and no further, and ran with it..."
or
B. "I knew after verifying all it wasn't accurate, but I kept running with it anyway"
For some odd reason (on GLDFF board) no one actually discusses the company, as well as all seem to refuse to address what the post merger would look like....
Combined and cumulative holdings are/will be immense, and judging by now many similar actions the last several (6?) months within the industry, the combined value falls in the quite the upper range.
It vertically integrates both in CA and NV, fully, as well as establishes a serious footprint for quality (cultivation) with Tahoe/NuLeaf. (Nuleaf is BPG which people seem to refuse to ever discuss)
The last almost half dozen actions taken carries valuations per operation (or license) of $26MM-$58MM (each), so one can do the math on current holdings...(again, people, for some odd reason refuse to speak such aloud :) LOL.....(Another deal yesterday, $290MM for 5 op's)
I'm sticking firm to a $900MM+ call on the combined holdings, but that might change in the upcoming weeks as both companies have quite a few things going on....
Something of note as well I did see here a long time ago:
Regarding the "state investigation(s) in NV"....
In virtually every state and program, when there is a transfer of interest, the new party has to meet the requirements of the additional applicant. It's the norm, and nothing more than a formality. It's not "an investigation" as much as boilerplate state approval of new ownership, so....People waiting (and questioning) receiving NV sign off for entry are.......not aware of how these matters work ;) lol
GLD's waiting on NV sign off, WeHo, NV, and NJ pending for TRTC.....combined, we're talking some serious holdings...throw Dyer on top (in progress), add the Fremont, and as recently mentioned, hiring for San Leandro has begun....
We're talking serious footprint, and all the closest holdings have seen valuations 3-6+ times (I'll use 4) what both are currently combined...so......
I've done GLD many times at these levels stand alone and always turned out well, so....(8-10MM shares last maybe 14 months)....
I believe in both at low's, and combined holdings?, nah.....going to be quite significant....Anyone against such isn't basing that on profits :) LOLOL
Of course, people will moan and cry about "losses" as they both have a lot of work to do ($) to clean out their pipelines, but, crazy thing building locations......they have to be paid for lol...)
You can call whatever or whoever you like, but the fact of the matter is your statements are foolish, and clearly display lacking even a basic understanding of that which your attempting to address.
Your statements regarding Schedule 1 and federally illegal while addressing an Argentinian op are ridiculous, and again, signify no clue whatsoever as to that which you attempt to speak.
Canadians are decades behind US industry in product lines, and acquire to eliminate their competition which can produce at a much lesser cost.
Many overseas ops often involve long term land leases as well (from the government).
Your woefully out of your depth.
That's not entirely true, more like a "horribly competitive" market...
While many are truly feeling the pain, many quality vertically integrated operators are doing well...but a tough market for sure.
Little guys (per se) lacking in quality and skill sets are getting killed though...
Meanwhile, in the real world, despite the endless kicking and screaming and watching individual trades, no one has yet to provide a sound reason as to why an action creating a set of holdings worth many times more than prior is objectionable in any way, shape, or form, as another industry transaction posts this week in the $300MM range, quite smaller than the combined holdings, during a period of several months which has seen such cumulative holdings valued as high as $850MM, all of which occurring prior to numerous positive events unfolding as we speak for both companies.....
It is almost a certainty no one here has any idea as to what additional actions may take place shortly as well. (As very few seem to have even a basic grasp of the possibilities...)
If they did, we would see different commentary than has been displayed thus far which has only resembled what could be considered "a tantrum"....
Yes and no...(can they execute).
With site control and political support, they don't even necessarily need to, another can carry it out...
Every step taken from this point on just further feeds the value....be that an offtake agreement (or several), banking inquiries, discussions with third party operators, etc...
Climate is favorable and CBD can be done large scale outdoor, so boils down to processing and extraction. Processing can be very simple, but no matter where one is, extraction the true cost of any of these projects.
While "regulated", usually, not really.....(on site/site specific)
Myself being a fairly long term U.S operator, overseas ops a pleasure in that sense...(regulated, but not reallly...lol Not by U.S standards.
They seem to be doing well and adequate command of current management of Salinas, but personally, I think LV needs some significant improvement. (Which can be done easily, cheaply, quickly). Cultivation is all about the staff, and they've had it seems more than enough time to establish their skill sets. If the facility is not producing (overall), cultivation heads should be terminated. U.S has the largest talent pool in the world cultivation wise. No one should be given more than 1 batch to "prove" themselves (and if that first batch doesn't bring commitments from every dispo for more/all in future, then a change of staff in order.
I'd utilize the tents for single batch test runs of new cultivators and see who/which product does best, ie: Give them a tent and 90 days/1 batch and either their in, or out, with sale of the batch as their payment. (And if in/retained, then that batch is their "sign on bonus".)
Just my personal opinion....but every square foot of a facility is extremely valuable real estate. It it's not, a change is in order. a 27k (?) is quite (should be) the revenue machine.
Of note is I'm not finance end, I'm design, engineering, operations, but do know we are (group) in discussions regarding various licenses and the development of sites and financing with national banks in several countries. (For as previously stated, in those countries, they are government licenses, and hence federally legal,and none of the U.S/Banking/Federal/280E drama)...
Unfortunately, the "vision" required has kept a lot of U.S cannabis companies away from non U.S operations, and it's a shame, as non U.S banking has a great interest in U.S publicly traded cannabis operators. U.S cannabis operators (skill sets) are globally recognized.
The downside is some of the largest markets (global, medical) are beginning processes for domestic licensing/production facilities, so...but as has been seen in the U.S (with medical) it is also a matter of "positioning" for adult use (rec) for the global markets which will come as well.
Another aspect many (most) overlook is quality is not as common as most would think. Never has been, never will be, so, that is yet another factor which comes in (and will) to play. We have had many interesting experiences already overseas with product with commentary being "we've never seen anything like this ever before". (Cup winning cultivators and genetics)
I don't favor CBD product as many as most do, and think that is going to be more and more far too competitive in the global marketplace. (One can pick up the phone and source tons of isolate for rock bottom prices all day long right now).
THC/CBD ratio formulations (for global medical) seem to hold a much greater importance and value.
While a trader/investor, I'm primarily an ops guy, so, I occasionally have something to add regarding cannabis companies and sector (op specific).
They did a good thing, they positioned well. Can they execute? Maybe yes, maybe no, but the foundation is there to retain the majority and have another fund and execute, as well as endless other possibilities.
Something which also escapes many regarding overseas (non U.S) markets is an offtake agreement of substance in itself could possibly be used (in the case of PTNV/Argentina) to secure traditional financing from an Argentinian institution...
Banking issues only apply to U.S. Operations outside the U.S are federally licensed/legal, which means they could walk into Citi Buenos Aires tomorrow regarding any financing needed. (Political support could probably assist in arranging that meeting, as well as ensuring it might just get done ;)....
They play it out right, (any number or ways), could, and should be extremely wise/profitable.
It's always interesting, and sometimes amusing, to observe commentary from those who don't seem to possess any understanding of the cannabis industry, let alone business experience.
Several points:
Firstly, the global cannabis (medical) market(s), including import and export, are being carried out daily among 23 different countries. (I have interests in 6 licenses overseas btw...)
Secondly, regarding Canada, and their capabilities, the reason they are seeking to secure interests into any and everything possible globally (daily) is due to the immediate threat they represent, as most of those acquisitions are superior climates, cheaper labor force, and various other reasons.
Third, regarding cost of development, that is a position and claim which is a clear display of lacking any understanding of the matter as a whole:
The true value is the established relationship and "control" of the site. With the most minor improvements to a superior site (climate), the value possibly reaches astronomical levels, with several recent global acquisitions reaching hundreds of millions, and it is very common for parties to approach and offer to pick up the entire development budget in exchange for an interest in the project. We have 1 government license which we recently sold 25% interest for $30MM to develop the site.
The possibilities are only limited by what parties involved can conceive and agree upon.
All that is required is for them to secure offtake agreements (which in itself adds value to the/a project) and minimal improvements and activities, of which outdoor, given the climate, can easily accommodate, with the greatest cost being extraction facilities and equipment. There is no "how are they going to pay for it/they can't afford it", that is probably the least significant obstacle they will face lol...
Know your topic and arguments.
They could probably sell a fraction of it right now for what it's trading at.
I think the entire conversation and all replies are self explanatory, and from your replies, it seems you should read again, a little more carefully.
You had twice tried to indicate starting from seed *never* occurs, you had also asked for any information regarding cultivation activities/facility, and were provided links to numerous pictures and videos of the facility which we were speaking of prior to your entering the conversation, as well as them starting from seed. I could have offered also the actual PR's, but thought a gallery of facility might be more interesting to one who might possibly have an interest in cultivation.
Secondly, a claim cannabis cuttings may be shipped interstate simply with the appropriate waiver displays one who has never challenged a seizure with USPS or private carries. lol
Your assumptions beyond the actual conversation and statements are many, and not worthy of addressing, as I'm sorry to say, only display your lack of understanding.
Lastly, there are many facilities throughout the U.S who choose to do so, for various reasons. Is it necessary, sound, or the wisest approach? Sometimes yes, sometimes no, and for reasons it seems far beyond your current understanding as most of the time these decisions are not made by cultivation related parties, but management's legal team, and their tolerance to exposure to potential legal issues which may arise from any number of actions related to procuring/the delivery of stock. All spoken by one who has actually walked 5,000-10,000 cuts into facilities throughout the nation, as well as had management and legal teams run and hide at the very mention of such. There is then also depending on the state the specifics of what is, and is not allowed regarding transfer of plants from one facility to another.
Lastly, you may wish to familiarize yourself with NuLeaf, and being from SoCal, you might be. NuLeaf is BPG. For those unfamiliar:
The NuLeaf team, which has operated BPG cannabis dispensary in Berkeley, CA, has been a premier vertically integrated supplier in California for over two decades.
You can direct your suggestions to the above, we were merely discussing what is, which you, as previous, stand corrected; It is done, and often, for various reasons.
The theme of course must always continue given the limitations of those presenting such.....
They'll never win Nevada licenses
Nevada will never go rec (even the week before they did lol)
California will never go recreational...
They'll never be able to submit an application for Jersey...
Jersey will never go rec....
They'll never hit CSE......
It's the next obvious approach.....
And always accompanied by:
"But it doesn't matter anyway...."
Nevada licenses, but it doesn't matter anyway, cause won't go rec..CA processes....but it doesn't matter anyway because CA won't go rec.....NJ RFA...but it doesn't matter anyway because they can't submit applications...
But it doesn't matter anyway because they can't do CSE...
Kinda like, a member goes to jail, "but it doesn't matter anyway" because they just create another handle the same day LOLOlol...(But no one knows, because they're sooooo subtle ;) LOLololol
Here you go chief.
Guess you stand corrected. So much for "never".
The reasons one might not want to introduce outside cuts into a newly built facility are several.
All you have to do is go to social media gallery...pics, vids.....some maybe in the holdings sticky...
Seriously....that just took me like, 10 seconds...
Yes and no....
In the whole scheme of things, yes.
Rough example:
Sample containers are $10, $15 each, x 2 (replacements/swap with new deliveries/fresh product) x number of dispo's served.
If 2 gram samples, 10 strains (20 grams a round) and 30 dispensaries served, that's 600 grams. If replaced every 10 days, that's 1,800 grams a month, x 12 months. (21,600 grams annually in the above scenario, about 50lbs....+ $10k in sample containers.....) Wholesale $2,500, that's $135k, and does not factor in the additional labor on both sides for keeping track of inventory, credits, manifests, and so on....(Not significant per se, but even if add's $10k over the year, when factored in with all above, the number continues to grow as to the actual end cost.....
Depends on specifics, frequency/replacements, # of strains, and # of dispensaries served.....
Cultivation eats the cost. Dispo could request, buy the containers and supply but then who eats the sample costs, and so on...
(Been through this in many scenarios on both ends and specifics vary state to state, etc....but universally, anything that's been exposed to 400 people's faces/noses a week should be destroyed as contaminated product....)
Lot of variables there, and for an established cultivator and brand confident in their product quality, 6 figures out the window........(makes more sense just to offer the same for promotion(s) and at least get something out of the loss ;)...Promotions, giveaways, etc.....and when does both (samples as well as promotion......those figures just doubled as well..
Every dime, every gram, everywhere, all the time, should ideally yield a return in some way, shape, or form...
There is a lengthier explanation as to why some dispensaries and cultivation do (and do not) have samples...
Short answer is it's cultivation's call, not dispensary, and can easily run $100-$200k(+) annually depending (cost/loss to cultivation) on the specifics...
Sample containers per strain, per dispensary, then times 2, and then samples per strain, x replacement frequency, x number of dispensaries, x replacements annually. Easily comes out to 50-100lbs (annually) depending on how many vendors one is servicing and range of products as per above overview and calculations.
Additional question and topic for dispo if you missed it as I addressed AC.