upswing08-
Not to hight on that CBMJ...have alot of debt on the books and there business model is already crowded in branding and marketing mj companies and events...They also have several convertible notes on the books....I like INMG much better.
We have an accumulated deficit since inception of $8,016,697. With the decision not to pursue further efforts to develop our wind projects, we are currently focused providing enhanced branding and marketing solutions for licensed cannabis processors and producers, dispensaries and retail outlets in the states of Washington, Oregon and California where, for persons 21 years and over, the medical use and/or recreational use and consumption of marijuana is legal for state law purposes only. However, these state laws have no effect on federal laws which classify marijuana as a “controlled substance” which thereby makes it illegal to produce, sell or possess marijuana under federal law. Federal law also makes it illegal to transport or ship marijuana across state lines. There are no assurances that we will be able to realize our business plan.
For the foreseeable future, our operating plan is dependent upon both the ability to conserve existing cash resources and the ability to obtain additional capital through equity financing and/or debt financing in an effort to provide the necessary funds and cash flow to meet our obligations on a timely basis and to operate our new business in an efficient and economical manner. In the event that we are unable to conserve existing cash resources and/or obtain the additional and necessary capital, we may have to cease or significantly curtail our operations. This could materially impact our ability to continue as a going concern for a reasonable period of time.
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