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Thursday, March 02, 2023 5:38:25 PM
I talked to Mike and to keep it short, all he let me know is what has been posted in PR's and Quarterly reports. He said they should of had this last 4th quarter report out already and they are working on it and should have it out soon. They are working hard to get the Salem operation going and were delayed due to Covid. The company took over and own Quins and Mori Island lock stock and barrel and will be producing and selling their products. Not just co-packing for them. They are continually getting more products to produce and co-pack for other entities. Looking to get back into the water business. They still do the hemp products. They have a large shareholder that they use for a credit facility on loans. No more toxic financing as CEO stated a while back.
The main thrust of the company since last summer is to reduce overhead and save money. They have been keeping their heads down and working to grow the business. Mike said some exciting things are in the works.
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