Replies to post #1688 on Cannabis U.S. Companies

[JohnCM]

Year end Dec 31, 2017

Total Revenue

$26,522,000

MJNA

[JohnCM]

https://watch.weedtv.com/store/channels/v/zMhTJefq7mnNVVZUUJmo#.Ww4YMjI-rkI.twitter

GREEN LEAF FARMS

Authorized Shares
1,200,000,000
05/16/2018

Outstanding Shares
594,334,619
05/18/2018

Restricted
176,924,111
05/16/2018

Unrestricted
418,160,508
05/16/2018

Players Network Signs Binding Letter of Intent to Acquire a 56,000-Square-Foot, Fully Operating Greenhouse ComplexPress Release

LAS VEGAS, May 10, 2018 (GLOBE NEWSWIRE)

Player’s Network, Inc. (OTCQB:PNTV), a leading diversified and integrated cannabis holding company, announced today that it entered into a binding Letter of Intent to acquire the assets of a 56,000 sq. ft. fully operational greenhouse complex licensed for cannabis cultivation in Salinas Valley California.

The purchase price for the complex is $5,000,000 in cash to be paid out in tranches based on a payment schedule over several months and is estimated to close before the end of May. The purchased assets will include the facility, its temporary marijuana licenses that ultimately will be transferred to a PNTV subsidiary, fixed assets, all existing inventory, plus supplies and business plans and relationships.

PNTV CEO Mark Bradley stated, “Earlier this year we announced that we were going to invest into the California market through a project in Desert Hot Springs. We have tabled that development for now due to its long payback period and other risk factors. However, by signaling publicly our interest in California, we were able to discover other acquisition targets in what we believe is the best region to cultivate marijuana in the entire nation. The Salinas Valley offers the perfect climate to cultivate year-round with very modest utility and infrastructure costs. We believe this acquisition will produce immediate and ongoing returns that will push PNTV to new heights.

This greenhouse is pristine and has a great existing operational team and sales channels that we plan to retain and build upon.”

PNTV CFO Geoffrey Lawrence stated, “We estimate that this facility will generate about $800,000 in total revenue for the month of May based on its existing track record and PNTV will be able to recognize those revenues starting May 1, per the negotiated agreement. We certainly hope to grow those revenues even further and plan for this acquisition to be the first of many fully operational cultivation facilities to join the PNTV family. We have spent the past several months engaged in comprehensive strategic planning to develop our new, cohesive growth strategy and this acquisition will be the crown jewel. We couldn’t be happier.”

DOUBLE BOTTOM YO

[JohnCM]

FOLLOW THE MONEY

Friends,

It has taken quite some time, but we are finally starting to see capital flow more efficiently into the private U.S. cannabis sector. This week, we learned that California-based Flow Kana, which is executing on a unique business model that helps the state's craft cultivators distribute their product and deal with the intense regulatory burden they now face, raised $22 million. The lead investor, Gotham Green Partners, which invested $15 million, has been taking a more prominent role in the sector, having also recently invested $50 million into multi-state operator iAnthus (CSE: IAN) (OTC: ITHUF) after participating in a $10 million raise from GrowGeneration (OTC: GRWG). The firm, based in NYC, recapitalized Cronos Group in 2016 (then PharmaCan Capital) but has turned its attention to the U.S. market. It is also an investor in MedMen (CSE: MMEN) (OTC: MMNFF).

The Flow Kana deal included other investors that we are seeing show up increasingly in news releases about capital raises and which we include on our Cannabis Investors page, like Poseidon Asset and Salveo Capital. We have also profiled Merida Capital, which has invested in public companies GrowGeneration and Kush Bottles (OTC: KSHB) as well as several private companies, including California premium cultivator Canndescent, compliance software company Simplifya, testing lab company Steep Hill and others.

The development of larger funds that are capitalizing the industry benefits both investors and the companies raising capital. For accredited investors, having financial intermediaries allows them diversification and the ability to invest without the burden of extensive due diligence on each individual company. For the companies raising capital, these larger investment funds allow them to streamline the capital raising while still allowing private investors to participate.

Those who are not accredited and able to invest in private funds can still invest in private companies through publicly-traded vehicles, but what we have seen so far exists in Canada exclusively. We are following two publicly-traded investment companies,Cannabis Growth Opportunity Corp (CSE: CGOC) (OTC: CWWBF) and Quinsam Capital (CSE: QCA) (OTC: QCAAF), both of which make investments in private and public U.S cannabis companies (as well as Canadian companies).

We are quite pleased to see these developments and look forward to helping our readers learn more about the fund managers who are helping to capitalize the cannabis industry.