droidmeister wrote: Not a bad hypothesis... Let's think about it. I've gone back to the original documentation from the formation of THC, in 2015 Miller and Chun put up 2 million to start the company and now they're sitting on about 40 million worth of known shares, and a boatload more of warrants. She's sold or is selling something like 7 million shares. Some of it was allegedly to pay for Cloneshipper, but if you check, the numbers related to her sale of shares last year and the Cloneshipper purchase dont quite add up. But regardless, you could say that she's already re-couped their initial 2 million investment, plus another 5 million or so. Work that out on an annual basis, and they're making well over a million a year. Not bad on an initial 1 or 2 milion investment.
F-ck it, I dont like diss-ing my own investment, but this company has got 30,000 sq ft of growing space in Kelowna, and that's about it. Everything else are letters of intent and definitive agreements that are maybe worth the paper they're printer on.
How about this: Whatever happened to the deal with the German pharmaceutical company?
The greenhouse deal in Ontario was announced in December, now it's the end of May.
The expansion in Kelowna is way behind schedule.
They still can't sell oil or resin to end-users
Nowadays, 30,000 sq. ft. is practically nothing. How is this company worth 130 million bucks? A year or two ago, people were willing to pay for the promise of future earnings, but so many other Canadian pot companies are building massive spaces while THC monkeys around in Lesotho.
And let's talk about Lesotho for a second. Canopy just bought a company in Leotho, right? But the company that Canopy bought is 100% ready to go, they're fully licensed, they're gowing, they're an established producer, everything. THC, on the other hand, has just registered a company and is only applying for a license. After that they have to start to build a facility, so once again I have to ask, if THC can't even renovate an existing space in Kelowna on-time, how are we supposed to believe they can build something from the ground up halfway around the world? Someone tell me, how difficult is it to renovate an existing industrial unit for growing pot, in a modern city like Kelowna where you have every trade ready to go? You need some electrical work, some HVAC, some dry-wall, some plumbing... all those trades exist. What's the delay?
Enough for tonight.
DiligentSon wrote:
Ive been saying for a looooong time...I believe they are sitting on their thumbs waiting for a buy out for their licenses and subsequent deals they've arranged. Heres my proposed scenario... John Miller doesn't want to be known because he doesnt intend on being the face of the company. Who here on this board, that has been invested in pot stocks for the last few years, hasn't sat around with their buddies and said "fuk, all we need is a business plan, minimal(ish) funds, RTO some bullshit company with cash and shares, a license application(or 4), some space, and get even richer in this greenrush"...? Some had the balls to do it. Some get bought out. I dont believe it'sa west coast scam, they'd be fuking with the federal governement for Christ's sake. But posturing for a buyout from the beginning? Me and my buddies had the same pipe dream...