My thoughts on what might happen here and letter to shareholders.
I commented one weekend that I thought there were four parts to this deal:
1) The hedge fund.
2) The payment processing division for ALL high risk industries. (Note to reader - this means that they might offer payment processing facilities for other high risk industries at a later date.)
3) To offer a Consultancy service as they already have the team put together who can offer payment processing and also full legal advice as their legal team actually prides itself on having detailed knowledge of the law relating to marijuana in every state where it is legal.
4) To put another holding company together which owns more medical marijuana dispensaries than the Washington deal two years ago. I’ve never heard of a marijuana dispensary that wasn’t profitable so there instant profitability for that reason. Mr. Costello has seen what TL*RY did when it listed on Nasdaq and is on public record in an interview saying that his plans will make GRN Holdings (as I now presume it will be - in some way shape or form) bigger.
The above is all my thoughts and analysis of where I see this going
Sorry there’s a fifth part to what the company will be doing.
5) I forgot about the $600m they have on deposit. Could they be given permission by the owners of those funds to invest into other marijuana businesses/ startups giving GRN Holdings access to their own source of funds to invest in other marijuana ventures? But, most importantly to have a good strong source of funds with no borrowing costs.
This would maybe be called the Venture Capital Division.
Once again these are all my thoughts only.
Here’s the letter to shareholders originally posted by nhexus1 https://grnholding.com
It’s a PDF so it’s hard to cut and paste the text.