Thursday, June 19, 2014 7:40:11 AM
Let's summarize where USEI is at the moment.
1) Edibles....there are no edibles. Despite claims by the CEO of having a 25 product lineup and 3 bakers, there is no proof that this exists. No pictures...and not a listing of the exact products.
2) Dispensary. On the ERBB Twitter page, it clearly stated that details of the USEI relationship will be released once the relationship exists. So right now, there is no relationship and nothing happening with the dispensary.
3) Farming and cultivation. This is not going to happen and the CEO admitted he can't get the seeds.
4) Vapor. Well, these things are supposedly selling, but the CEO refuses to release sales or revenue statistics. This seems suspect as there is no reason to withhold this information.
5) Washington. If USEI can't execute in Colorado, then why do you think they will be able to execute in Washington? The CEO claims residency requirements in Colorado was an unforeseen problem. Really...do you believe this? Most of the cannabis companies in Colorado are startups, just like USEI Cannabis. Most of which have only been around for a year or less. This residency excuse is a lie.
6) Oils, waxes and other consumer products. The CEO has been silent on this, so nothing happening here.
In short, USEI is a scam and if you read the PRs carefully, you will see contradictions and falsehoods.
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