Letter to the CEO of MJMJ
The good news is the Bud & Breakfast part of this publicly traded company seems to be doing just fine - Now its time to fix the rest of the company. If the CEO would be so kind, he could start by addressing this list of questions shareholders would like to know the answer to.
- Where & When is the new location for the 4th BUD & Breakfast going to be announced?
- What are the results from our MJMJ investments to help fund efforts with Bud Farmers, marijuana growers and other farming entities through our wholly owned subsidiary Capital Growth Corporation?
- What you have been doing with the Shareholder money??? Dilution? Salaries? Expenses? Please explain . . .
- How is the Tiny Home deal working out?
- How is the vape pen deal working out with Pax?
- How are the spa services doing in generating revenue for the company?
- How is the Canna camp deal coming along? Location? Reservations? Opening Day?
- How are the negotiations with a major health care provider to use Bud & Breakfast rooms for patients and research?
- How are things going with our industry partners:
- Greenstar Excursions, Puff, Pass & Paint, Colorado Pot Guide
- Colorado Cannabis Tours, Primal Therapeutics
- What is your timeline for your next project? Do you even have a next project?
- Who is going to manage the Washington State and Oregon territories? Do you have a forecast as to how soon properties will begin opening in these 2 new markets?
- Who is developing the shopping cart for a better presentation of MJMJ retail products?
- How is that franchise agreement coming along with that chain of hotels? No luck convincing Red Roof Inn to become Red Bud Inn for a 15% royalty fee? Ah too bad. We could have left the bud light on for you.
And the $3 million dollar question is:
Do you really want to continue as CEO of The Mary Jane Group, a publicly traded company with interests in running Bed & Breakfast facilities under the Bud & Breakfast name. And according to eTrade in the MJMJ company description, it reads: The MaryJane Group, Inc. is engaged in providing lodging, events, spa services and brand merchandising concentrated in the cannabis industry. The Company's subsidiaries are engaged in providing financing to assist Colorado marijuana growers, providing cannabis-friendly lodging and services, such as information and entertainment to consumers in the recreational marijuana industry. It offers a guest package, which includes a Wake and Bake Breakfast, a 4:20 Happy Hour and a facility to consume marijuana and marijuana edibles. In addition, the Company books tours, and it also sells its branded apparel, merchandise and remaining glass products to guests. Its subsidiaries include Capital Growth Corporation, Mary Jane Entertainment, LLC, Mary Jane Events, LLC, Mary Jane Hospitality, LLC, Bud & Breakfast, LLC, MJ Ranch, LLC and SA Hotel, LLC. Its products include Bud + Breakfast at the Adagio, Bud + Breakfast at Mountain Vista, Hotel San Ayre and Canna-camp.
I get the fact that it seemed glamorous and sexy to run your own publicly traded company in the beginning but now there is work that has to get done. Hard, laborious, time- consuming work.
Yes you are doing great running the three B&B's. But there is a whole other side to running a publicly traded company. EXPANSION, MERGERS, ACQUISITIONS, NEW VENTURES, GREAT FINANCING, SALES, MARKETING, ADVERTISING, SPONSORS, PARTNERSHIPS THAT ACTUALLY MAKE MONEY.
Are you sure you want to keep trying? You are disappointing some significant numbers of investors - Well over a hundred for sure. That is a lot of rage and disappointment to be in charge of. Are you sure you have what it takes to reverse the trend and make winners of all of the people who invested in your idea for a lodging company and helped you carry this company on their back with their hard earned money during the first year of existence?
If you are not interested in running this publicly traded company the way it should be run -to honor shareholder value, you could step down and let someone who is more passionate about raising shareholder value step in and drive the company for a while. It is clear there is a mountain of business activity necessary to drive up stock price. There needs to be 2-3 press worthy items released per week, one needs to go to industry events and make deals happen, one has to write new business, be networking and building new partnerships, and these are just a few of the many things that need to be done.
Maybe you know someone who is the socially-active activist-type who has business savvy and enjoys networking with people in vertical markets like the legislation, health care, education, technology, nutrition, fitness, and who also enjoys attending lodging industry events and mj investment seminars. We don't need a CEO who is the manager of a bed and breakfast. We need a leader who is out there making things happen in a timely manner. Some one who is proactive, believes submitting reports as early is a week early, not a day early, and we need a Game Changer.
As President and CEO of Canna Science Institute, I understand the challenges that come with running a company that is smack dab in the middle of the cross hairs on this great social phenomenon known as the Green Rush.
This industry is so new and yet, there are several huge obstacles ahead before it will ever get welcomed into the investment community with open arms. The market is a federal entity and until the federal government declassifies MJ to a Level 2 or Level 3, there is no way anyone will buck the system and turn the tide in the other direction. First there needs to be a greater understanding of what is really happening. That is why we created the Canna Science Institute. To show the world there is a better way. But we also want to be respectful to those who think differently. SO change will be slow and gradual but there will be change.
But first, there are the powers to be that must be reckoned with first - from market forces and politicians to our military and national security. There are many people in positions of power who would rather see the whole MJ phenomenon fail so the drug free America so many wanted and fought for can still see their vision come true. And since that isn't really going to happen, now they at least want to know they are in the driver seat when the GREEN RUSH finally comes home and they get their reward for their effort to prolong the inevitable for as long as possible.
Those forces in the market also include the armed forces - It is no secret our country just spent 40 years trying to eliminate illegal drugs & cartels from the face of the earth and now its legal in 23 states + DC. I am sorry but things just don't change overnight just because of one good day at the polling box. So expect resistance, be strong, but remember, no one is going to die from this conflict. The war is over. Now it is just about who can make the most money from it. SO as the stock price of MJMJ goes lower and everyone gets into position to profit from its resurgence, the price will rise again like it did 3 separate times before in June, (.005 to .015) July (.002 to .005) and in August when it went from (.0008. to .0017)
The stark reality is while the public may have voted to legalize MJ, the idea that someone can now use THC to help them relax or deal with pain or epilepsy or cancer or they just want to fire one up to have a peaceful relaxing moment is still relatively new to those who have violently opposed to it for years. The fact is many of these opponents have been completely against all that and more for more than the 40 year war on drugs. So be patient, this industry is taking a stand for what's good and for what's right. The people have voted and now they stand united expecting justice - expecting a victory - expecting this GREEN RUSH to distribute income to the masses so we can all share in the greatest harvest ever that is currently upon us. It will just take a little longer than we had hoped.
Sales of MJ are at an all-time high and the public war on drugs is officially over, yet there is still a huge amount of undercover work going on stomping out the illegal drug trade that has caused havoc over our youth for decades. Is this covert undercover effort also affecting the stock price of MJ stocks? Maybe . . .
I get the fact that just because its legal to smoke marijuana, that doesn't mean there is any less passion for getting rid of it on behalf of all those who just spent the past 40 years trying to eradicate it from society not to mention the great deal of time, resources and money that was spent trying to put an end to drugs in America.
It has become pretty obvious that according to some staunch conservatives, they would rather throw plenty of money at situations just to see them fail if the object goes against what they believe will lead to a better America . . .even if they are hypocritical in their rational and process. They are often those individuals who say, "Do as I say, Not as I do" kind of thinkers. You know, the ones who say "Just say NO" to marijuana but are chronic users of alcohol and pharmaceuticals.
So who or what do you suppose is keeping MJMJ down?
How is this company not selling at $1 a share? Seriously?
