Replies to post #31987 on Greater Cannabis Company Inc (GCAN)

[Releasemas]

That is an interesting take on gcan's ability to produce the patch. So far they have not produced any patches to be sold. GCAN has not told us they ever plan to produce a patch. They are selling the technology. GCan would already have a patch to sell on a website if a patch was produced at 10,000 per batch clip in NJ. So in reality they still have 0 patches on the market for anyone to buy. The only machine gcan has consistently used is a printing press. It looks like the printing press is able to produce 10 million at a time.

[No-Quarter]

When is a licensing model a bad idea? And has there ever been a time when a licensing was a bad idea?

Kevin O’Leary: It’s never a bad idea. A licensing model is a method by which to mitigate risk, to put someone else’s distribution power in place and to keep upside in perpetuity because. If you license something to somebody and they run with it, and you have a minimum in place, it’s a fantastic return. They’re putting their capital in harm’s way. You’re getting the benefit of any upside there is. Licensing models are very, very good. There’s no question about.

https://humansofsharktank.com/kevin-olearys-advice-for-startups/