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Wednesday, August 21, 2019 8:44:41 AM
Acquired $6 Million 265-acre Estrella Ranch property in Paso Robles, California
Received cultivation/nursery and distribution license for its nursery in Coachella, California
Received cultivation/nursery and distribution permit for its nursery in Paso Robles, California
Received CA State distribution license from the California Bureau of Cannabis Control
Began operation of statewide distribution division for distribution of cannabis products throughout California
Begun vetting process for agreements for select third-party operators on Estrella Ranch
In negotiation with San Luis Obispo City Council for Hemp production license at Estrella Ranch
Installed the first of several planned state-of-the-art self-contained production PODs at its California facility
Entered distribution agreements and “7X Pure” Private Label Agreement with botanical company
Engaged renown expert legal, environmental engineering and compliance teams
Engaged research teams with highly recognized athletes and published experts to commence with leading-edge research to explore the application of cannabinoid products for human and equine applications.
Planning expansion into the sports and cosmetics markets for CBD or THC infused products with well recognized sports icons.
In the planning stages for expanding the proprietary “7xPure Compliance & Dosage Verification System” Lab system.
Continuing to explore potential acquisition targets and strategic alliances
Complete financial transparency via financial audits and begun OTC up-listing to OTCQB process.
2019 Expectations
While we have been focused so far on carefully setting up our model of a fully vertically integrated legal and vertically integrated cannabis operation that can set itself apart from the competition, so far, we have only produced limited revenue. We believe that this going to change moderately with this Q2 2019 financial report, and we have high expectations for the second half of 2019 and the full years of 2020 and 2021, once our complex setup process is in place. We look forward to taking advantage of a fully legal and vertically integrated operation on one of the most beautiful facilities in California with perfect climate for our business purpose and an advantageous profit sharing model for the befit of all participants.
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