Allow me to provide my thoughts on the JV;
1) The purpose for starting Joint Ventures is simple, it is to leverage resources, shared expertise and cost savings. It allows for two companies to work together by pooling resources without giving up sovereignty of part of their core business.
2) My take on it is that Leslie obviously provides the expertise in the industry, while Fincann provides the resources (27 employees) to accomplish the goal of the JV. This is a great combination and very synergistic. You have a a leading expert in the industry with a boat load of connections, partnering with a company of several employees in MJ banking to do his bidding? Now that is the perfect team.
3) Considering that Leslie and Fincann agreed that our company INDQ will own majority share in the company @ 51%, tells me that Fincann is willing to trust Leslie in managing the pooled resources since he is the expert. This seemingly insignificant detail is actually very important as it gives INDQ full autonomy to make decisions for the JV.
4) considering that Fincann generates over $5million in revenue and is willing to pool resources into the JV tells me that they see the opportunity as incrementally more significant than their current operation or otherwise they would not take a strategic shift that would be a distraction to their core business and resources/employees.
Joint Venture, to be named,
a corporation to be organized under the laws of Wyoming ("JOINTVENTURE"), to be the joint venture entity, to be owned 51% by INDOOR and 49% by owners of FINCANN.
The JOINTVENTURE will issue INDOOR a total of 51 percent of its common stock and issue FINCANN 49 percent of its common stock.
INDOOR, via the Venture, will effectively undertake a limited acquisition of FINCANN, by ownership of stock.
JOINTVENTURE will be a corporation organized as a State of Wyoming corporation. Wyoming currently offers a variety of advantages over traditional corporate finance venues, like Delaware and Nevada.
INDOOR will file for the creation of the JOINTVENTURE entity.
