An ATTBF investor, Jerry, was able to connect with IR today and share his thoughts.
Be aware, I'm simply posting someone else's testimony and cannot vouch for the accuracy of any of the following discussion...
I was able to chat with Brook Bellian who is still the IR at Abattis (I am going to assume along side Hugh Oswald). He made it very clear there are certain things he is not allowed to talk about until they become public, which I certainly understood. I was able to get a sense of direction on 2 key topics below.
1) In regards to Raybot Technology
I voiced the concern that many of you have with regards to Raybot (Extraction Technology)
I wanted to know if this was still the core focus of the business. Is Raybot something people are looking to purchase from ATT or use ATT for extraction services.
Brook wanted to be clear. OF COURSE extraction is still the core component of the business
Brook was unable to get into the details. But he said the ATT team never considered the cultivation side of things. He said extraction is key, along side infused products and ointments. (I would agree as this has much higher margins).
Currently, extraction is on the back burner in Canada. As many of you may know, edibles will not be rolled out till approximately 1 year AFTER recreational cannabis goes online (Canada). Extraction should still be profitable as oils and shatter can be consumed in the rec market (as far as I am aware).
We did discuss that there are options in the states where cannabis extracts are widely being consumed. It just so happens to be on the back burner in Canada. Raybot still has high recovery and low costs.
I was unaware that Raybot is actually from CHINA.
Key things I noted:
ATT is not a short term play. They are not doing things to make a few short term traders happy. But they are looking at closer to a 2-3 year horizon for this extraction technology to take off. Risk is obviously high, but if you believe in extraction, this is a comfortable gamble. He said there are wicked things coming and are looking at high growth high margin products
2) CannaNUMUS and Blockchain
What is CannaNUMUS and why are you investing in it?
CannaNUMUS is essentially coin that can be convertible for tech. Used to streamline purchasing and acquiring, buy side and sell side. There will be more news with regards to this in the future.
Key things I noted:
This is not the same as the deal EMH has with their blockchain supplier. Nothing he said about CannaNUMUS looks to be on the supply chain side of blockchain technology. So we are not currently talking about the transparency of where your weed or products come from. We are talking about CannaNUMUS as a form of payment and currency. So as much as I wanted to believe that we were going to use this as tracing technology, there was no confidence in his answer that CannaNUMUS provides this sort of technology.
Brook believes that the MJ sector has dipped due to delays in legislation.
There is no lucrative future for cultivation but there will be for testing services
Hopeful that there are expansion projects in the pipeline for both testing and extraction
Brook was very nice to talk to. I wouldn't say that he instilled confidence as an investor, but like i said earlier. This is now a more comfortable gamble. If you have the patience to let your money sit here for 2-3 year (my horizon for ATT) then this could pay off. Obviously there are so many unknowns, but don't expect your money to turn around in 1 year or even 18 or 20 months. This is a LONG play.
