GREY:GEATF - Post by User
Post by
Curryhurryon Feb 13, 2020 11:19am
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Post# 30686035
$INCB feedback
$INCB feedback2020 set up is strong.
1. Baseline CBD product line is now officially launched this week with 4 SKUs: https://www.baselinecbd.co/collections/shop/products/day-shift
2. BioNeva cultivating facility is a huge deal! The
binding letter of intent ("LOI") with BioNeva Innovations of Carson City, LLC and other related asset holders, to acquire a fully-licensed cannabis cultivator and related assets located in Carson City, Nevada that includes an 8,250 ft2 cannabis greenhouse. This will enable the company to provide better EBIDTA margins for our brands while adding to the bottom line. They are currently growing product and by end of Q2 estimate revenues around 6 figure (TBD) 3. This guy is now a HUGE asset to the company and a life saver.
4. A comment from CEO in response to some questions, we investors have:
2019 was a very difficult year for the cannabis industry. He is fond of saying that companies like MedMen and Aurora are battleships trying to turn around in a canal. International Cannabrands has done a sharp pivot from 2019 downs, and remained nimble and has raised capital at a discount, above our share price, consistently throughout the last quarter of 2019 and throughout January and February of this year. Almost 1mm was raised, from Fall to current date. Maybe they will actually now be poised for a historic comeback. TBD. Like what I see today!! Fantastic volume recently and activity is starting to wake up for this one.