You meant crackerjack?
More confusion in investor land...yesterday I read a post on Yahoo that they didn't buy the licenses...incorrect as I reread the 8-K (parenthesis reading confusion) as to what was not was not listed there, so the operating licenses were purchased I believe:
Gerry
23 hours ago
Standing Akimbo deal. One dispensary for $10M which includes a 4.9M share dilution ??
Schwazze gets $2k in cash, the store inventory, and the customer list.
What they don't get. All the licenses, any property including the Moffat grow operation.
Basically after the smoke clears Kirson and Murphy can use their retained licenses to continue selling product as a competitor to the acquired dispensary. Can't find any non compete clause.
Kirson and Murphy even get to keep the ATM contract inside of the Jason Street store. Come on ! This is where the easy money comes from. As long as Safe Banking is held hostage by Congress this is the only place in cannabis that is exempt from the pricing wars. For the customers who don't carry cash (which is most) they are a captive audience.
There are Lock-Up restrictions on shares but they are omitted from the contract so who knows when those shares will be hitting the market. 4.5 Million shares into the market for a company that trades 58k shares a day on average will without a doubt put some serious pressure on the PPS.
Colorado is still offering licenses for less than $10k total all in. Not sure about Denver ? Will the city no longer approve any additional stores therefore this deal is the only way to get a larger Denver footprint ?
I'm looking for a reason this makes sense in the darkest market for cannabis to date ?
News 
Market Data 
Discover 
