Main points from the AMA with Chris "The Spire team is no longer with the company."
FIRST HARVEST: "15 weeks from the time we move plants into the building."
"We have been evaluating our entry into the Canadian markets and we have reviewed a number of deals over the past year. We believe that we would pursue a licensing agreement with an existing company, but this is not set in stone. Again, we are looking at all opportunities."
"We expect to expand further into Colorado, California, Arizona and other states with legalized cannabis use."
"DNA will provide specific expertise to AMA for the development of a consistent phenotype strain for the cultivation of high-quality cannabis flower in our new cultivation facility. Co-branded flower and pre-rolls will be specifically certified by DNA, thus ensuring that all products meet DNA’s high certification standards."
"Institutional investors are my primary focus. We have been extremely active this year in this regard. We have spoken to many institutions, family offices and hedge funds about our company and we will continue to do so at an increased level."
"COGS for our CBD products continue to decrease as more raw materials are being produced."
"We cannot share customer information, though we have had multiple offers to take our monthly quota."
"We sell products to every single dispensary in the state and they all anticipate our product availability."
"award-winning Canna Hemp X Recovery Cream, which continues to be a top seller"
" Ester has done an amazing job at expanding our products across the country. She also works closely in product development and branding. She has big plans for the industry!"
"Being bought out is not part of our business plan at this time"
" We already follow the strictest regulations: From seed to sale, the company offers a unique approach to compliance and transparency. All Canna Hemp™ products undergo rigorous testing to ensure the purity and safety of its CBD. The CBD is lab tested with independent
certified laboratories to ensure that it is THC-free and contains no harmful chemicals or pesticides. In addition, all finished CBD products are lab tested with independent certified laboratories and every product is labelled with a QR code linking to the lab results, thereby ensuring that the CBD content listed on the label is accurate."
" We’re very excited to begin our partnership with DNA Genetics, and are just as excited to continue our work with both Kurupt, through his Gotti’s Gold cannabis line, and Denver Dab Co. As for future partnerships... stay tuned!"
"AMA continues to produce top shelf products under its own brand."
"Canna Hemp was made for anyone looking for quality alternative wellness options. Canna Hemp X has a distinct action sports identity, which resonates with those who have active lifestyles. Canna Hemp Paws, for self-explanatory reasons, is for animal lovers. And Canna Fused, our CBD and THC infusion line, has to operate within legal marijuana regulatory frameworks."
"Current MSOs are based on retail dispensaries. Our goal is to become an MSO based on manufacturing and distribution, whether we have our own assets or work through partners, and we are working towards this goal."
"Having a first mover advantage has everything to do with knowing how to cultivate and produce the top-quality products that we are known for ($1.7M in the last quarter of flower and concentrates) and for having appropriate distribution channels. And we are proud of our strong relationships with the City. We are the benchmark for companies operating in this sector.