Replies to post #32529 on Sunset Island Group Inc (SIGO)

[growdoe]

SIGO gives details on REI Extracts in last 8K. Just a letter of intent so far. This is why we hear nothing about the first harvest - its been reserved for manufacturing. SIGO is trying to close a deal and needs to keep quiet until they have approval from their potential partner to talk details:

(b) On February 7, 2018, the Company has received a letter of understanding (intent) with REI Extracts to build out its manufacturing and distribution divisions. Under the intended terms, REI will pay for the build out of the manufacturing facility including all equipment and overhead associated to its ongoing operations. The Company will contribute its licensing and biomass from the cultivation operations. The Company will receive all proceeds from the sales under the joint venture and will pay REI 75-80% for managing and financing the operations. Essentially the company will receive 20-25% without any out of pocket expenses related to the manufacturing division. Thereby, allowing the Company to use its capital for its cultivation operations and allowing experienced extractors finance, run and manage the manufacturing division. Additionally, REI will assist the Company to expand into the Los Angeles and Southern California market through REI’s established distribution network. Nothing would limit the company from also manufacturing products under its own brand of “VBF Brands.”