I'll say it's just an odd sale. The big question is, why?
There are more pressing concerns. Revenue has tanked, like I said it would. Most if it was generated from a company, as I understand it, Hawkins helped found (render payment and Krypt). So money was funneled from render investors into mcig for crypto services. Render was nothing but a scam. That's what boosted revenue, but it was basically a one time shot. That's how I see it, and that's how I made the call.
As for cbd vape and hemp pre-rolls. We know mcig is terrible at selling cbd. And do you remember when they said they were rolling out there Rollies rolling services in the coming weeks? How long ago was that. I'm guessing it had nothing to do with their genetic rolling machine and everything to do with demand. So, are they purchasing hemp to roll and package in order to sell? There is very little detail regarding how this will work and the amount of inventory they will have on hand. I don't see this correcting their revenue shortfall anytime soon. They basically got nothing. This fy will end under 3m. Any guesses as Rio how much they will lose?
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