Thursday, January 29, 2015 3:43:57 PM
-- not written word for word and only as was possible to keep up
-- slides at bottom
M3CBD Vape will be introduced in February
Greenleaf $150K revenue thus far
-- dispensary and grow licenses for certain customers
O/S: 212M (I believe he said)
Float: 105M
Over several thousand shareholders, increased 5x over last 2 months
MMJ market:
-- Transparent side is est. to be $2.7B in 2014
-- Will expand into the newly licensed states
-- Est. $30-50B within next 10 years; enough business for most if not all of the current businesses to expand into
Pure:
-- 100 day pilot program
-- Communicating w/ marijuana enforcement for guidance on compliance w/ Autospense (see slide)
-- Final engineering inspection taking place today/tomorrow at PURE
-- After testing, they call in M.E.D. for inspection before going live
-- Vault-like, 800lb machine cannot be breached, reduces labor, wait-time, etc. (see slide)
VUZI:
-- Partnership for headset includes barcode scanner, real-time integration w/
-- Uplisted to NASDAQ yesterday w/ help of the IR (same for EDXC)
-- Received $25M funding from Intel
Questions & Answers (improvised as best as possible):
-- Sorry I spent a while laughing my ass off cause the host of these webinars has been messing up all day. We had 30 min of him fumbling around at the start of a different presentation at 11:00 ... he is having technical "diffidies"
What space are you currently operating in?
We've concentrated in Colorado, Canada, Washing, California, Nevada. Focus compliance.. will start generating revenue in all of those states this year.
What are some hurdles to acquiring business contacts and increasing revenue?
Establishing business contact is the easy part. Getting to the point where you are operating the business is difficult. There is a lot of white noise and chaos in the undustry right now. When we negotiate a contract, it may not come to fruition for 90 days or so, and it is less efficient than we'd like. Our business contacts are serious people who want to be successful.
What other cloud-based software companies are your competition?
Our system can be used in conjunction with our perceived competitors.
Biotrack THC, a friendly competitor
MJ Freeway, provides services that are also in our system
We look at all of them not necessarily as competitors, they all bringing tech to the market. We have not seen anyone else provide a total solution where we can plug into all of them.
What sets you apart?
Security. It is very important to protect patient and company data. Our engineering team is well-versed in software security. We are able to provide HIPAA compliance and auditing controls that truly protects patient, company, and regulatory data.
Todd (freestyling while host of webinar fucks around): "The m3Hub system is built to be highly-intuitive, allowing users to build their own unique systems within a system. Whatever you put into the mobile system can be tracked and controlled in real-time."
"Tracking/compliance will only get more expensive as the market grows."
Todd, freesytle: With filing of the audit, we've been establishing relationships with people/institutions across the country who want to work with us to fund our plans. These are critical accomplishments while will properly fund the company as we move into the revenue stage of the company. Development has cost less than sales and marketing will.
Todd's Closing: "EDXC in comparison is a major contender in the industry. We will stay on top of the technological side of the sector and, as for the consumables, we will provide the absolute safest and complaint products that we can."
Slides:
Quote from user: Penny Stock Barron
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