I think BTFL put the cart before the horse when they started signing LOI's. But they had to and hope for policy to be in their favor. The LOI with Malama Wellness in HI didn't pan out because Malama couldn't get one of the few licenses that were given out. The Sioux Indian deal was when the shit hit the fan. Feds scared the Sioux and they burned their crop and on top of that Hagen and Jonathan Hunt were charged with conspiracy to grow marijuana. Pretty crazy. In that story it says "former president of company". So Hagen may not be president of BTFL but he still owns 30% equity in it as stated on his Linkedin page. That's when it went totally down hill and yes don't think dilution was the cause it was loss of deals...Let's hope someone has taken it over with a fresh new look!
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