EMAIL UPDATE From Josh Alper - JuJu Joints
I wanted to clear up any confusion about BLDV's relationship with JuJu
Joints, so I emailed the company and asked. The reason for my confusion had to do a two different company press releases mentioning JuJu
Joints, from two different companies.
A March 16 press release for Golden Leaf announced the acquisition of JuJu
An April 26 press release for BLDV announced that it continues to acquire licenses and distribution contracts for national brands, including JuJu
Joints, with a goal to place these agreements with the strategic partners in the Michigan Cannabis Real Estate project: https://www.otcmarkets.com/stock/BLDV/news/Blue-Diamond-Ventures-Inc--Outlines-Operational-Strategies-for-2017?id=157095&b=y What is BLDV's relationship with JuJu Joints?
The email response I just got:
BLDV does not own any of the JuJu Joints company.
We have an agreement with the company to locate and implement licenses in the State of Michigan.
The agreement can be expanded to additional midwestern states.
In addition we are focused on enhancing their digital application that make the device suitable for strict medical applications.
Thank you for your question.
So there you have it. And it's still great news imo.
A distribution license is simply an agreement or contract between a manufacturer (Golden Leaf) and a supplier (BLDV) to distribute and/or sell items manufactured. Generally, the manufacturer pays a fee
to enter into a distribution agreement with a supplier; both parties make money
, in fact, often the manufacturer makes the least money from the agreement. Bottom line
: Despite not owning JuJu
Joints, BLDV will make money when they distribute and/or sell JuJu
Joints. Not only that, but keep in mind that BLDV's retail stores will be making TONS of money, likely MILLIONS per day. Look no further than to states currently legally selling MJ. Main Street Marijuana, a shop that sells JuJu
Joints, located in Washington state, brings in nearly $2 million in revenue PER DAY. Check it out: http://www.mainstmj.com/news/hello-world/
BLDV is going to get its share of this multi billion dollar industry. We're witnessing greatness in the making!