WE NEED A MANAGEMENT CHANGE ASAP!
Oh man I couldn't agree more with you zekey! There was so many things they COULD have done w/their CBD Initiative, other than just shelving it indefinitely. It just comes down to how bad these guys are at managing and running a company. Neither of them have a clue as to what they have that could not only save this company, but make it flourish, if done right!
They spent the time and money to bring in some of the top physicians and scientist from medical marijuana industry to assemble one the VERY BEST MEDICAL & SCIENTIFIC ADVISORY BOARD in the medical marijuana industry! They still have everything at their disposal to go in another direction with their CBD Initiative, but instead that suspend it indefinitely, until the FDA backs down or the laws are changed.
Smart management would have taken the time to assess the situation & look for opportunities, instead of just throwing in the towel. As a matter of fact, the FDA said it wasn't even sure if they would move to enforce any charges. Plus they said they would be willing to work with any company to understand their procedures and review their data, to see if anything can be worked out between the two.
MANAGEMENT is 100% to blame for what happened here! They need to get off their dead arses and look for the opportunities available to them within the medical mj industry instead of jumping into the over saturated, Whey Protein market. What a joke! THEY NEED TO USE WHAT THEY HAVE INSTEAD OF GIVING UP ON IT INDEFINITELY, because of the FDA's new position about CBD no longer being a dietary supplement. Throwing in the towel is for losers! Others out there found other ways to continue within the med mj & CBD industry.
Come on managemnt, stop spending your time reading the message boards and wasting your money on product lines that don't sell. I made the mistake of thinking Mr. James really knew this business, when in reality he was completely clueless. The Martha Stewart Royalty Deal is a perfect example. To agree to pay them over $4 million in royalties over 5 years for a completely new and untested vitamin line was ridiculous! Even Mr. Wonderful from the Shark Tank would be totally shocked by that deal! The royalty should have been tied to sales, whereas MSO would receive so much per bottle sold. That mistake cost the company BIG TIME & Mr. James is 100% responsible! Come to find out, he is a total idiot!
We need to see Michael James replaced as CEO ASAP! He spends most of his time at TRTC, where is CFO, these days. He makes sure their financials are in on time, while putting his own company on hold w/late financials filings and now no filings at all! He is paying himself big bonuses at TRTC, while leaving Kras to run this company. That is another whole story in itself.
IF MANAGEMENT ISN'T GOING TO MAKE SOME BIG CHANGES TO SAVE THIS COMPANY, THEY NEED TO GO SOMEWHERE ELSE! WE NEED NEW MANAGEMENT HERE ASAP!
CHEERS!
News 
Market Data 
Discover 
