Replies to post #73207 on Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

The 10/30 PR states--

This first project is currently estimated at a cost of $1.2 Million USD, $700K for purchase of an existing building and an additional $500K for buildout and construction/project fees. BLDV is expected to deliver a fully functional cultivation facility within 12 months or the period approved by Health Canada.

"Smaller marijuana cultivators will have to be more nimble and strategic to succeed in Canadian provinces dominated by government-run retail monopolies, but the sales model itself won't make doing business impossible," says Matt Lamar in his article for Marijuana Business Daily. "Smaller producers will have options to pursue potentially lucrative niches."
http://www.otcmarkets.com/stock/BLDV/news/BLDV-Client--Quality-Green-Inc---Secures-Licensed-Producer-Status?id=173711&b=y

Firstly, BLDV isn't going to put $1.2 million into shareholder's pockets. $700k goes to buying an existing building which will have to be converted/ repurposed to grow MJ. Therefore, it sounds like BLDV will generate some "construction/project fees" which are lumped into the "$500k buildout" budget. One of those expensive Oricann lights only services about a square meter. The cost of those along will be substantial.

Secondly, the PR indicates that Quality Green --despite it's size-- will still be considered a "smaller MJ cultivator" which will have to be "nimble" in order to carve out a "potentially lucrative niche" in the government run "monopoly."

In short... no MJ grower will be allowed to over expand and over produce at will. That means the potential of any grower in Canada is "limited" by the government.

[Jeterman1]

Josh did say 2018 is all about Canada!

[Hunchbackgeek]

$BLDV http://mmjreporter.com/blue-diamond-ventures-inc-otcmktsbldv-obtains-rights-to-oricann-cannabis-lighting-32639.htmlBlue Diamond Ventures Inc (OTCMKTS:BLDV) Obtains Rights To Oricann® Cannabis Lighting
MMJ Reporter - Dec 6, 2017


Blue Diamond Ventures Inc (OTCMKTS:BLDV) has obtained the North American privileges to the Oricann® Cannabis Grow Lights for its subsidiary firm Blue Diamond Consulting LLC.Blue Diamond Ventures Inc (OTCMKTS:BLDV) Obtains Rights To Oricann® Cannabis Lighting
MMJ Reporter - Dec 6, 2017


Blue Diamond Ventures Inc (OTCMKTS:BLDV) has obtained the North American privileges to the Oricann® Cannabis Grow Lights for its subsidiary firm Blue Diamond Consulting LLC.


Thanks, Pete:)