AI
Monday, August 27, 2018 10:31:12 PM
The following is what I consider waste of shareholders money IMHO
Item 6 : 5,624 a month in rent since 5/1/2014
Shareholders IMHO should be irate that the company has been paying rent on a vacant lot in Las Vegas since May of 2014 (over 5,000 a month). This location was picked for cultivation and still after four years the lot remains empty. So for 50 months shareholders have paid a total of over
$250,000 (quarter of a million dollars) for nothing IMHO
Item 7 : 24,720 a month in rent since 1/1/2017
This is the lease for Benhenberger loop (Oakland cultivation site)
Shareholders have been paying rent for 19 months total : 469,680.00 and the building is still under contruction and last filing states the company needs two million more to complete this and San Leandro.... imho
Item 12: 24720 a month in rent since 1/1/2017
This is an identical lease for San Leandro :another 469,680.00 spent on rent for the past 19 months on a vacant building that has no building permit and as of yet NOT approved by the state of California for cannabis. imho
Item 8: 28,840 in rent for BlumOak that shareholders paid 21 million dollars for the business minus real estate. imho
Item 7 and 8 and 12 all are totally or partially owned by ex insider. imho
Issues like these give the impression of waste and insider enrichment IMHO.
Who cares about New Jersey ?
