KUSH PROCESSING QUESTIONS (Quite long, if you don't like reading, skip it.)
From the press release for the Kush Processing announcement, dated January 24, 2018:
One of the biggest challenges that has faced the rapidly scaling legal cannabis industry has been that many have been forced to exclusively operate as high risk, cash only businesses due to strict US Federal banking regulations. The Company, through established strategic partnerships, alliances within the credit card processing sector utilizing banks that recognize the significant opportunity, has developed a unique merchant banking solution that it will now begin offering to qualified businesses.
Total Sports Media CEO Michael Hill stated: ‘Kush Processing’s management team brings together over 15 years of experience in the merchant processing industry. With over 500 dispensaries already listed in Local Cannabis Dispensary, the projected growth of new dispensaries and stores, and the ability to advertise and market on the CannaNet.TV and LocalCannabisDispensary.com platforms, we anticipate significant near-term demand for the service. The Cannabis industry has long required merchant solutions to increase sales, efficiency, safety and security and we believe we are uniquely positioned to provide these solutions which will bring enhanced value and benefit to the legal cannabis community.”
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A few questions come to mind after re-reading this. First, the company has strategic partnerships with banks in the credit card processing sector. Seems like we should know who these partners are.
Second, Kush has a management team with "15 years of experience." We know that's not Tom nor Micheal Hill. Who are these people running Kush? They started offering Kush services back in January, seems like introducing the players at startup would be standard procedure upon opening.
Third, over 500 dispensaries listed on the LCD? I was just on the website and counted a lot fewer than that, I wonder where the 500 figure comes from. Not saying there isn't over 500, but if you visit the website you won't find over 500 there on the LCD.
Fourth, "we anticipate significant near-term demand for the service." With all this pent up demand for merchant management solutions, we should be rolling in new clients by now. I'd love to see a progress report on new signups. At $30k a pop, it would be easy to calculate how much revenue is being generated.
Fifth, not Kush related, but is larger picture. How much traffic is hitting CannaNetTv on a regular basis? This figure is going to drive advertising revenue. How are we doing? I don't expect Amazon-type traffic, but it would be really nice to know if we are trending higher.
This is the kind of stuff that gets investors excited about a stock. It's DETAILS that are lacking so far. As of market close on 3/23, "TOM SAYS 2018 WILL BE GOOD" and "BEST SHARE STRUCTURE ON THE OTC" hasn't been enough to move the needle. Time to start sharing relevant information with investors and would-be investors. I'm not asking that he put out a blizzard of PR's that amount to nothing more than pumping, I'm askng that he update investors with some progress that points to future success. Give investors a reason to buy shares.
We've got the only game in town, time to exploit this unique first-to-market opportunity!
