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Re: LoanStew post# 138502

Friday, 05/30/2014 6:26:12 PM

Friday, May 30, 2014 6:26:12 PM

Post# of 146837
The burning question to me - how does SKTO profit from the acquisition of a collective that is shutting down their store.

The press release said:

it has signed a management agreement with a major Los Angeles medical cannabis collective

If CCSC is closed how are they managing it.

In the conference call we found out:

PharmaJanes is providing an online marketing platform that connects patients and collectives. PharmaJanes is not handling product, it is not taking product risk and it is not being paid for product. We are providing a platform that enables patients and collectives to transact business.

So why is CCSC donating their products to Pharmajanes.

And from the conference call:

At SKTO, we facilitate their business operations, so we consult their businesses on marketing, finance, administration, branding et cetera. We do not grow or cultivate marijuana.

We are not profiting from the sale of medical marijuana. We don't sell medical marijuana or any other form of marijuana. We are receiving revenues in return for providing services to businesses that are in the business of medical marijuana.

We're engaged in a business that by all accounts is lawful in the provision of our services. So as far as we know, we don't follow the file of any rules governing collectives, we are not a collective nor will we attempt to be one nor do we intend to be one.


Benz stated clearly that SKTO profits from the services they provide - so how is SKTO generating any revenue from the acquisition of a collective.

IG


It's easier to fool people than to convince them that they have been fooled