Quite simply, I think their business plan is solid and is coming to fruition.

I posted this overview last week:

Started out as an energy chew company but switched the game plan to cannabis in 2017. Right now there are two main sites that are the focus, with others in the works. Their main revenue source will be clone sales to large growers.

Coachella: They got the Coachella county permit for cultivation around May '18, then just got the state license on Dec. 31 '18. They currently have a pod full of their first batch of clones (they have over 160 strains available), and that pod can hold over 16,000 clones. Turnaround time on clones is 3-4 weeks. Average sale price is around $10 for small plants, around $17 for teens. They also got a distribution license in Oct. '18. I think they also have 4 greenhouses at this site but I don't know the status of those right now. Rapid expansion is planned at that site since they have all the licenses/permits needed to function.

Paso Robles: At that site they have two warehouse buildings totaling over 21,000 sq. ft. Around 10,600 sq. ft. of that will be dedicated to a cultivation nursery. The pod is 320 sq. ft. with only 8.5 ft. ceilings and holds over 16,000 plants, so do the math. Today they received the county permit for cultivation there. They now apply for the state cultivation license at that location while they build out the warehouses for the nursery and other uses. They are the first clone nursery permit in San Luis Obispo county.

Permits applied for at 1 or 2 other locations. They have some other things in the works, but that's the meat of it.

Share price is around .03 right now. Last May it hit .08 when they got the Coachella county permit. Dropped to the .04 range then hit .06 in October when they got the state distribution license. Dipped down to .015 - .02 range late December with tax sell off.

They also applied for an uplist from Pink to OTCQB in November, so that is expected any time now. There have been multiple cannabis companies that have gone from pennies to dollars in a matter of weeks (some have hit over $13/share from penny land). Some have done it with zero revenues. This is a chance to get in on the ground floor for one that has that potential and is doing it the right way with full compliance

This post was edited on 1/22/19 at 7:07 pm