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BillydaKid

07/23/19 9:18 PM

#18505 RE: Lawncare1 #18504

Yes. This is straight from the Q1report.
The purchase price for Indulge Oils was $2,000,000 in stock and $2,000,000 in cash. The reports placed a value of $26,972,000 giving the Company a gain of $22,972,000 on the purchase.

Indulge Oils is waiting for the manufacturing suite to get its Certificate of Occupancy. Once the CO has been issued,the Company will be able to release revised revenue guidance for 2019 and 2020.

So basically all of the revenue on the Q1report came from Infused Edibles. BUT what many do not realize is the BIG money maker will be Indulge Oils. Right now the Company has a backlog of orders worth millions. They are just waiting for the CO to be issued then it's off to the races. Unfortunately it looks like most people have fallen off their horses right out of the gate.