Monday, June 29, 2020 12:04:50 PM
No deal ever goes through - they have two assets
1. Las Vegas Dispensary in a hidden part of town.
2. A 22k sq ft building that is only using 2000 of it for making Concentrates.
(worst part is - they make nothing- they buy oil wholesale to package and sell wholesale) nice sales - super slim margins)
They have never built out their grow (wasting tons of money on rent for last 4 -5 years)
Orginal main guys are gone
owner Ben Stilo and Grower Don Decatur
Still owe owners 4 mil cash they cant pay from buy out
Vegas is hit the hardest financially with no tourist and 25% unemployment.
Corp office is UPS store in Miami
Read my post before -- this was easy to see coming
The group is really only two older white guys from east coast that dont understand this business but they do understand how to make this their last big scam. very creative on their press release and have gift of gab when being interviewed.
It wont go bankrupt and they can sell the two assets for about
15-20 million.
open for questions if you would like to ask.
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