Question to Chris
On your short form prospectus, dated August 30, 2018, the company outlined what it would use the funds they received through the pp (on page 28-29). You talk about expansion into California ($2.6 mil), Colorado ($665k), Washington ($665k), Arizona($1.5mil) and, getting infused into Canada($1mil)
Seeing how the pp was oversubscribed (not to mention the extra $10mil from the building sale), we are to assume you are making moves into those states.
Is this still the plan?
Are you making any progress getting infused into Canada?
Will you re create the Alternative Medical Association setup in other states? since you cant cross state lines with thc products. If so can you tell us which ones?
?
What's the plan for all the cash the company has ??
Are you still working on getting some institutional investors onboard?
Chris's responses:
Great question!
Yes, this is still the goal. We have looked at several deals in these markets and continue to conduct our due diligence. We will announce our progress when the time comes. Our intention is to replicate the Nevada model in other states. Our immediate focus is California, Colorado, Arizona and Canada. We have injected capital into our infrastructure expansion, such as the marijuana extraction for our branded goods, hemp extraction lab, inventory, sales and marketing. Institutional investors are my primary focus. We have been extremely active this year in this regard. We have spoken to many institutions, family offices and hedge funds about our company and we will continue to do so at an increased level.
