So, back to the unanswered question from last week:
In regards to Pure CBD, you stated:
"Seen prices that are actually below what it costs to make it"
Show us the analysis that you did. What source are you using to formulate your number for the cultivation and processing cost?
Where specifically have you seen prices below those costs?
If you did the analysis, it should be no problem to show your work. You did do the stated research correct?
Also, you stated that GenCanna was proof that "everyone" is closing their doors.
That was false and misleading, as the only example every brought up was GenCanna.
The article clearly disproves that because GenCanna is doing a Chapter 11 BK. Did you know that type of bankruptcy is not "closing the doors" but a re-org of debt and finances? A Chapter 7 BK is the type that closed the doors?
Statement from the article:
"the bankruptcy process gives us the ability to move forward in a way that allows us to best continue operations and serve customers as we work through our reorganization"
So, not closing the doors.
Short list of the many companies that declared Chapter 11 bankruptcy and have not "closed the doors":
Apple (they make and sell phones and electronics)
GM
Ally Bank
Chrysler
Marvel Entertainment
Six Flags
Texaco
Sbarro (they sell overpriced crappy pizza at turnpike rest stops and airports)
Winn-Dixie
Nine West
Rockport
So, where are the examples from the due diligence you have done for the other companies "closing their doors?"
Show us the analysis that you did. What source are you using to formulate your number for the cultivation and processing cost? Where specifically have you seen prices below those costs?
Note: Alibaba was cited before, however they are not a legitimate source. They only sell foreign CBD, primarily impure Chinese CBD. So, of course that would be below the cost of American pure CBD. But would you consume it?
