The moment they achieved step 7 their market cap flew as institutions bought in. Current market cap of $800 million.
BLDV is no different - when I first invested in Aurora it was exactly at this point, with many investors spewing glass. Now it's uplisted to the TSX. Again, they started with almost 0 funding initially.
Blue Diamond has adopted an approach to the Cannabis Real Estate that is based on the model of Innovative Industrial Properties of using Triple Net Leases, Medical Focus, and Public Share involvement, but with some important differences.The Fund is expected to raise approximately $12 Million USD and the average size of a completed lease-back project is expected to be under 50,000 square feet.
In addition, the Fund will focus on a specific area of Southwest Michigan that remains the largest non-citrus fruit growing and processing area in the country but has lost all industry and jobs. Plans include an estimated twelve projects, along the Route 12 corridor from New Buffalo to Niles, MI. This project is expected to provide economic growth and much needed jobs for this region. Blue Diamond is working with several municipalities, with several projects in the planning stage and discussions with potential lessees are underway.
Strategic alignment in and focus on cannabis industry:
1. Blue Diamond Ventures, Inc. launches International Cannabis Project with AMS Canada - Huge Israel Connection, AMS, & Health Canada announced in 4/20 PR
2. Blue Diamond Consulting LLC (BDC) is providing consulting to Canadian Cannabis Grower who has received their pre-license from Health Canada: Fee for service, products purchase and potential acquisition contingent on financing approval as per 10/26 PR.
6. Cannabis Clean: Closing large contracts to provide specialized and antimicrobial janitorial services to cannabis cultivators in Colorado as per 10/26 PR
- Exhibiting at the upcoming MJ Daily Marijuana Show in Las Vegas on November 15th - 17th, 2016 and will be announcing plans for a new authorized dealer network as per 10/26 PR.
9. BDC Consulting to California Lights Works Cannabis LED Lighting: Signed a short-term consulting agreement with a Cannabis Greenhouse Systems as per 10/26 PR
11. Bot Bakery division of Michigan Plant Technologies: A 100% wholly owned subsidiary of Blue Diamond is an organic, vegan and gluten-free bakery and kitchen. Bot Bakery is working towards opening its 1st retail store in Chicago in the summer of 2017.
12. 5/26/17 PR: Blue Diamond Ventures Inc. announces a strategic partnership with Eltron Research & Development of Boulder Colorado, the creators of the ImPAAct™ Peracetic Acid Generator: Eltron R&D specializes in Material Sciences and adds considerable strength to BLDV on multiple levels. Eltron R & D and BLDV join forces to make an ImPAAct(TM) (PAA) in the Cannabis Industry
Blue Diamond has adopted an approach to the Cannabis Real Estate that is based on the model of Innovative Industrial Properties of using Triple Net Leases, Medical Focus, and Public Share involvement, but with some important differences.The Fund is expected to raise approximately $12 Million USD and the average size of a completed lease-back project is expected to be under 50,000 square feet.
In addition, the Fund will focus on a specific area of Southwest Michigan that remains the largest non-citrus fruit growing and processing area in the country but has lost all industry and jobs. Plans include an estimated twelve projects, along the Route 12 corridor from New Buffalo to Niles, MI. This project is expected to provide economic growth and much needed jobs for this region. Blue Diamond is working with several municipalities, with several projects in the planning stage and discussions with potential lessees are underway.
See 10:26 in Interview: CEO Joshua Alper of Blue Diamond Ventures, Inc. published on June 1, 2017: