I think each co has to be viewed stand alone...
Hold shares in both...actually held vate before KG. .The extra div was great.
But i think it is reasonable to ask if the KG mgt time spent on VATE has degraded the KG opportunity.
Vate has surpassed sales, listing timeline (despite KG being announced earlier), brand development, acquisitions, and sales team.
KG owns a huge stake in Vate...and in time will realize value....so all comes home. But i didnt invest in KG as a holding co for VATE....would have just bought more vate.
Wearing KG only hat....like to see more 100% focus and faster pace here. Cali is great but feels like mo's behind schedule.
Innovative new brands, CBD focus (dont have to limit to caffeine energy), IR investor presentation, new sales team, brand - sponsor development, web site overhaul...lots possible to do ...current share price reflects the neglect and unclear sense of opportunity...and whatever....much faster!
IMHO