Sunday, May 10, 2020 10:26:58 PM
I can tell you also that starting a new Cannabis business, especially in California, is almost like going to war, and everyone knows that the first casualty of war is the plan itself. Likewise, is it any wonder that our CANNABIS plan doesn't look anything today like what it did in 2018? Fear not, it looks way better!
First, we adapted and we are now primarily in manufacturing and not retail, thank God, with its labor issues, real estate issues, COVID-19 issues, social distancing in a nightclub, oy vey, not to mention very tight margins. And, better yet, there will be no shutting us down. In fact, for as far as the eye can see there will be no shutting us down, medically or recreationally as we are licensed for both. We are pandemic proof. You see, we have been deemed an essential business and do you know how huge that is, woohoo!
Second, we have an opportunity now to develop our brand, not the Infused brand, but our brand, Indulge, and from what I can tell that is huge too! I am pulling for an agreement with Night Foods and developing the Half-Baked brand!!!
Third, we have no debt and are in fact producing revenues; huge, absolutely huge! Consider this, the Cannabis Industry in 2019 leverage themselves nearly to the brink of bankruptcy and now, in the midst of a COVID-19 crisis, still no access to banking yet, many of those Cannabis companies are not revenue producing yet either and they are in trouble! All things considered, I think this is shaping up to be another huge opportunity for GLOBAL. The Cannabis Industry is right now facing a consolidation and I see so many opportunities going forward! GO MATT, GO $GCGX... GO TOM!
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