Happy Weekend WF11
I don't have a lot of time at the moment, but in one of my past posts I outlined the tangled web that took place when RD met ND and then "acquired" Sera Labs. At that time, there was supposed to be a synergy between the two companies. ND was outsourcing production and was moving more toward CBD related products. RD was working with Canopy Growth (but that deal fell through) and RD also needed to show "revenue" on the books. RD really didn't have ANY products marketed and the thought was that by acquiring Sera Labs - Sera Labs would then utilize the CURE Oxnard facilities for their production etc. Cure then would be showing income/revenue from Sera Lab product sales.
Don't have a lot of time to go into it - but later RD had to give control of Cure/Sera to ND. Later RD (through TF TECH Ventures) bought back the Oxnard Manufacturing facility and employees along with some of the KEY patents. ND and Sera Labs then went on their own way again (but with RD still being Chairman of the Board). Very sordid web has been woven. Quite messy in my opinion - along with the very muddy money trail - I outlined all of this in a LOT of detail in a previous post - but - since I don't have a paid subscription here - I can't easily find it.
Cure - Ionic Ventures, deal to acquire Sera Labs
Ionic Ventures converts notes endlessly - sinks share price - Lawsuit follows
RD/TF Tech Ventures - buys back manufacturing facility and key patents - leaves ND holding the Ionic bag
Sera Labs/Avenir losing money hand over fist - Takes another life-line convertible note debt from 1800 Diagonal
The rest is history still in the making. We'll have to see if BANKRUPTCY or a MIRACLE happens.
I still think it will be BANKRUPTCY with ND somehow getting Sera Labs back again (private).
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