??? Need $ to execute business plan. Have you looked into these new people in company. With their background why would they work for this company if situation was so bleak.
Posts like these actually make me feel better because people aren't understanding what the company is actually doing. Expanded into multiple states ans will be producing revenue very shortly. Also has project with canopy growth.
1.) Management did not "bail". I was placed as Chief Innovation Officer who's job was change management. We identified issues and pivoted the business as needed. In other words, we dropped what wasn't working and added new management as was needed to fix the problems that did exist. I'm the founder and I'm still very much involved. The entire pivot was managed by myself. I in fact wrote an article about the problems that are facing the vertical farming industry, which is the segment we dropped. https://www.linkedin.com/pulse/vertical-farming-industry-learning-from-its-mistakes-chad-sykes/
2.) Tangiers has an attractive PIPE setup, but it's no different than the majority of OTC companies. This type of financing structure has worked out well for AMMJ and CNAB to date allowing them to raise millions. You're welcome to go dig up their filings, note the date of transactions and compare to a historical chart. Tangiers has been a great partner when the Companies deliver.
It's on the company and the new management team to now deliver on its new business efforts. We dropped what wasn't working, shifted focus to our core assets, dramatically reduced expenses (see filings), added a subsidiary that is a pending applicant in Texas, put in place strategic partnerships and now have a funding partner in place. It's not a matter of if we will get a license to produce cannabis, but when. We discussed some of the challenges in our MD&A section of the recent 10Q.
I personally believe interest is low due to the lack of liquidity in the stock rather than any fundamental concerns and I'm hoping that problem will slowly begin to improve.
Warm Regards, Chad Sykes Founder, Chief of Cultivation Indoor Harvest Corp
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