![]() Since our conference call last week, we have started making progress on our stated milestones to build value for our shareholders,” Continued Mr. The cash portion of this deal was only $470,000 and we are getting a growing company with special talent and an enormous amount of data from existing customers in our segments. Third, it was a very good value for the talent, profits and revenues we expect to see from this company. ![]() Second, it comes with a template we can replicate in California for the dispensaries we start de novo from approved applications. First, it comes with a very talented team that we are pulling into our strategy to be a vertically integrated, branded products company. It has several important attributes that make it important as the first acquisition. “We are finally starting to see the regulatory process completed on the deals we signed early in the year,” said Jacob Gamble, CEO of Ventura Cannabis. *Closing of binding purchase agreements is dependent upon regulatory approvals and lease and other satisfactions. Divesting the two inpatient (detox) addiction treatment centers while retaining the rights to supply cannabis to patients in order to generate additional cash to invest in cannabis assets.Closing the previously announced acquisitions, as well as other agreements with revenue-generating companies that have dispensing and delivery licenses, totaling estimated additional $2.1 million per year in annual cannabis revenues.* – Partially Completed.Securing, through acquisition or application, three types of state and city-issued licenses: a manufacturing license, a distribution license and a cultivation license in California.The Linkedin Influencer Marketing Bundle For Your Business But Under $100įor more on Amberlight and its sophisticated retail experience, see On May 1 st, 2019, the management team outlined its three most pressing milestones:
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