Yes George needs to further elucidate what he means. The proprietary machinery is thus far only working in California, so they cannot feed 35’s across state lines without drawing legal action and jeopardizing the business; ironically the 35’s only work economically in California currently with the dramatically compressed unit economics.
The Licensee model has so far really only been for the legacy products, which have faced major headwinds based on the last several quarters reporting.
The 35’s definitely appear to be gaining major traction albeit his production/expansion plans are still incremental and it’s unlikely this product alone can shore up the cash burn from the rest of their operations, at least in the near term.
They need to answer the liquidity issue (again). Until they do I’m mostly on the sidelines with this one.
News 
Market Data 
Discover 
