Friday, May 03, 2019 8:17:11 AM
To All $CAVR shareholders, I want to recap where we are today and tell you where we are headed.
kushAmerica is now a wholly owned subsidiary of $CAVR. Kush Shareholders took an all restricted equity deal at $.006 because $CAVR was short on funding. As part of the deal all preferred shareholders were converted to common stock leveling the playing field for everyone. All the debt of the company was converted to common restricted shares at $.015 (when the stock was $.006), which was meant to demonstrate that old management was serious about building a great company.
The company had been inactive with no assets for a number of years and over the last 6 months had been trading in the $.006 range on basically “thin air”. So frankly I do not understand why the sell off is occurring; The company now has an excellent asset in the hottest space in the market, Cannabis Technology see more about the company here, https://cavuresource.com/about/ and a wonderful, motivated and experienced management team (who are also common stock shareholders) see more about the team here, https://cavuresource.com/management/ We will be updating the investor news page on the website on a regular basis: https://cavuresource.com/investors/
Where we are going; The Cannabis information and entertainment industry is new and fragmented with no one company having a 5% or greater market share. We have a major platform kushAmerica with two applications SoKu and Mediku. This combination coupled with the assembled talent gives us the distinct possibility of becoming a major player in the space in short order. It will be about the execution of the plan and to execute properly we need to raise capital. We have Reg D offering ready and already out to “Friends and Family” at the $.006 price per share. This will provide the operating capital for basic operating expenses like programming, payroll, re-imagining all of our social media sites and day-to-day expenses of running a Public Company.
Phase Two will be, most likely, a Regulation A aimed at our user base to launch SoKu in a big way on the West Coast recreational marijuana states. We will be increasing our authorized shares to raise this capital and we have not yet determined the amount as of this writing. The amount will be partially dependent on the market price at the time of release.
As to acquisitions, we are considering one at this time that will be complimentary to the information and entertainment space that we’re in now. Once cannabis becomes deregulated we will become vertically integrated including growing, processing, retail sales and clubs, all of which I have enormous experience in.
As we make progress in all of these areas we will be reporting on this page and occasionally through press release channels. Always remember that your management team is common stock shareholders also!
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