RushNet Inc (RSHN)

[Rick_Sanchez]

Help me understand the full picture here, as it's a pretty intricate web...

I've been going through the last posted financial statements for RushNet (RSHN), Gold River (GRPS), and Western Sierra (WSRC). All three companies are very interconnected, but I don't understand who stands to actually gain here? What I can surmise is below.

The Western Sierra Story:

- In June 2014, WSRC acquired $40.5M worth of water rights in Northern Colorado. From that point on, WSRC didn't do much until September 2018.

- September 2018, WSRC acquires a 100% stake of Western Colorado Farming Initiatives (WCFI) a private LLC. WCFI had already been cultivating a 15 acre hemp farm, expected to yield about 20,000~ pounds of flower. WCFI also already the ability to process and extract CBD from this hemp acreage.

- October 2018, WSRC projects the hemp farm to produce 12 month revenues of $15.6M. This is from harvest to CBD extraction.

The RushNet / GRPS Story:

- In August 2018, both RSHN and GRPS each acquired a 12.5% stake in WSRC's 15 acre hemp farm as well as $40.5M water rights. The financing from both RSHN and GRPS allowed WSRC to complete the 15 acre farm deal the following month.

- RSHN and GRPS each stand to reap 12.5% of WSRC's 12 month forecasted revenue ($15.6M), is this correct?

- RSHN's business model will essentially revolve around CBD infused drinks. "Knockout Punch", Awater, Ewater, Cwater, etc. These products are not yet readily available.

- GRPS's business model will seem to mostly revolve around CBD edibles. Pancake / waffle syrup, cookies .. but also CBD water.

- Neither company currently produces a product or generates revenue.

- RSHN has 7.7B shares outstanding. GRPS has 940M~ shares outstanding.

- RSHN and GRPS's "Business of Issuer" statements on their Q3 2018 statements are word for word exact. This is odd.

- Richard Goulding is a director for both RSHN and GRPS. While each company still has a different CEO. RSHN = Frank Deangelo ... GRPS = Stuart Miller.

Is that the full picture regarding these 3 companies? I understand RSHN and GRPS have additional ventures on the side (great freight, etc) .. but does the above explain the relationship between WSRC, RSHN, and GRPS?