Indoor Harvest Corp (INQD)

[ccsykes]

Trader, It was kind of self evident months ago given the previous filings wasn't it? It's the entire reason I became CINO. That's the CINO's job, change management.

The vertical farming industry has become blinded by the "box" farming method and the decentralized model. The other issue was it started to become apparent that many of the projects would not be economically viable as more data was considered. I wrote an entire article about it and caused a bit of a stir in the industry. A few days after my article, Jeff Bezos dumped $200M into Plenty, proving my point.

https://www.linkedin.com/pulse/vertical-farming-industry-learning-from-its-mistakes-chad-sykes

The pipeline was never "mine", hence the change management. The HPA technology is "mine" and the data supporting that technology is rock solid.

I was more than aware of the problems, so a team with considerable experience in accounting and cannabis operations was put into place.

We're acquiring a pending licensed cannabis producer in Texas, for what amounts to about $1.5M. The misconception is that we did not get a license, but that's not true at all. The State is only allowing the top three to proceed. We are ranked 16th, are considered "pending" by the State and everyone expects the program to be expanded in 2019. I'm also co-founder in a lobbying group, the Medical Cannabis Association of Texas and we'll start working legislators next year.

Additionally, the Company has a tax loss carry forward of about $4M, invested at least $2M into HPA efforts and our post merger market cap is just $5M. And despite all the setbacks and problems, the Company still has one of the smallest capital structures and floats in the cannabis OTC space.