I've been debunked on this by an expert spin doctor regarding the additional details.
However, have you done and DD regarding the California City project? Have you talked to anyone from the City of California City Building Department? If you ask the correct questions, they will give you answers. You should ask your question here ccbldg-code@californiacity-ca.gov instead of asking Les. I look forward to what the answer is.
For instance if you were to ask the following questions; What would the 3 conditional permits be for? Conditional permits are the first process of going through the steps of getting a city license.
What does the conditional part mean? The conditional part means that you have went through the first 4 steps of the process but you will need to continue with the SDR (staff development review) and live scan to move forward. Once you have gone through the SDR process and have paid all fees you can then apply with the city for the actual city license.
Are you able to provide an address that the 3 conditional permits were applied for is? At this time there is no address to be given because they have not pulled permits to build, there is only an APN (I have the APN)
So as you see, the fact that MCIG closed Escrow on the Cali City property is really meaningless, unless it was meant as a good pump that failed.
Have you done any DD on NYAcres Project? Not just looking at pretty pictures and taking the words that the flying monkeys drop in your lap as fact. I'm talking actual DD?
The extremely competitive licensing procedure of California City took in over 300 applications, awarding only 16 licenses at this time, 3 of which belong to MCIG.
The second quote says...
MCIG has begun the planning of an indoor cultivation facility to produce high quality, "California-Style" cannabis products after receiving three of the seven recreational cannabis licenses granted by California City allowing cultivation, manufacturing, and distribution.
The way I interpret it, the city awarded a total of 16 licenses on April 30 and mCig got one each for cultivation, manufacturing and distribution. Some of the applicants may have had incomplete applications for additional licenses for either cultivation, manufacturing and/or distribution. These additional licenses could have been granted by the time of the second PR on May 31. Thus by May 31, there were seven applicants that had been granted licenses for all three cannabis operations.