Sunniva Inc C.SNN

Beverage Industry US Catch up Play

[Bluechip2]

another one of the many beverage companies getting involved in this industry, check out Anheuser-Busch in article below. Having a nearly two year headstart selling cannabis beverages on its neighbor, it is easy to see a large market gap close in 2019 with US cannabis plays versus Canadian. In California, with higher margins on 30-50 percent of its phase 1 product, and the ability to produce pharmaceutical grade supply at scale, Sunniva must becoming an attractive partner as they get closer to final execution and onboarding. https://www.google.ca/amp/s/www.marketwatch.com/amp/story/guid/2AE2583E-B837-11E8-A920-28AB778E523B

[sunrize]

@Bluechip2: Expect a capital raise for the US ops. CEO said they would need money before Cali gets going. 

[GOTMONEY]

CEO never said that - sounds like you are paraphrasing his comments VERY loosely.  The current plans in California are fully funded. If they're going to acquire something to strengthen their positioning upstream then that could be a different story, but it would be an addition to the existing cultivation campus + extraction factory. 

[Bluechip2]

Yes, GOTMONEY it is also on record in one of their CSE listing press releases that funds have been allocated to fully fund production startup for phase 1 in California. With California having a fully legal market for both CBD and THC beverages in play, I can see a deal with a large beverage company being a big hit on the inestor market. California would be an extremly large and discernable market

[sunrize]

@GOTMONEY: So I was paraphrasing CEO's comments VERY loosely, you say? What say you now? Also, @Bluechip2. Listen guys, stop pumping this blindly. I am a holder and I am telling you like it is. And I told you so. See link below: https://www.stockhouse.com/companies/bullboard?symbol=c.snn&postid=28626658

[Bluechip2]

ouch Sunrize, I do not do anything blindly, but it is getting painful. Looks like they are buying time till the spinout and California is ready to produce. Yes you got that one right.

[tcorridor]

The truth.... They have not executed on anything promised to date.  Holler should have kept his mouth shut from the outset.  And Pedersen comes across like a total amateur, and or is completely incompetent.