JamCracker .. You Still Haven't Explained This..Crickets...
This is from the 10K filed April 15, 2019 .. Basically the MD&A ...
Plan of Operations and Need for Additional Financing
As described generally above under “Business of Issuer,” the Company has been aggressively pursuing natural resource and agricultural commodity development as “beneficial uses” for its existing and future water assets. In September 2018, the Company entered into an agreement to acquire 100% of Western Colorado Farming Initiatives, LLC, a Colorado limited liability company (WCFI) for a combination of stock and cash. Company stock sufficient to complete the acquisition is held by the Law Firm handling that transaction; and the cash portion of that transaction has been substantially raised through 3rd party capital sources—also in exchange for equity in the Company. The calculation for closing the cash portion of the acquisition is, in part, subject to final accounting for the 2018 Fall Harvest. The Fall Harvest has thus far yielded in excess of 21,000 pounds of kief ad resulted in hundreds of kilograms of broad-spectrum, winterized and decarboxylated crude oil and refined CBD distillate having been produced. As the processing of the 2018 harvest to create bulk (sustainable) inventory for both third-party contract sales, and in-house retail supply purposes continues, preparation for the Spring planting and cultivation of the 2019 crop is beginning. Having gained experience from the 2018 cycle, refinements have been
implemented which suggest that the 2019 cycle should result in a 200% to 300% increase in production through which sustainable annual contract fulfillment may be efficiently achieved. With passage of the Farm Bill in December 2018, markets for CBD and other cannabinoid products have increased dramatically. The Company’s focus has been quality control, ongoing product refinement and building inventory necessary for consistent contract fulfillment. During this process a range of certifications are being obtained and testing disciplines implemented to better differentiate the Company from its competition.
The founders of WCFI together with their highly trained and qualified staff represent a distinct advantage to the Company and its shareholders. With their in-depth knowledge and 20-year history of successful organic farming, internationally acclaimed organic food product development, manufacturing, marketing and distribution, these experts have demonstrated their experience to be invaluable.
The founder’s expertise in scientific product formulation, combined with other specialized management and operational skills will serve to make the Company successful in this new and exciting foray into the vertically-integrated, “soil-to-shelf” organically-produced high-quality CBD and broad-spectrum cannabinoid products for use in pharmaceuticals and nutraceuticals—for both wholesale and retail consumption. Product “off-take” opportunities abound. Product testing and delivery is currently underway for third-party beverage companies; proprietary
pharmaceutical products companies; nutritional products companies, and wellness product companies for both “private label” and “in-house” distribution to meet a vast and growing market opportunity ahead.
With that opportunity comes the need to expand operations over the coming months to establish increased-volume production—investment in land, water, crops, greenhouses, laboratory facilities, manufacturing system, delivery systems, and staffing—and the capital necessary to optimize revenues to become self-funding over the next 12-18 months. The Company is working with a variety of prospective capital partners to that purpose. While contractual agreements in place with 3rd party public companies at the time of the September 30, 2018 Quarterly Report have since expired, the Company has cultivated new relationships with alternative capital sources to complete and expand operations as described.
