RE:RE:Brad Churchill Read for yourself .
He owes money to his investors.
Better Sit Down For This One!
February 10, 2020 • 139 Likes • 27 Comments
Brad Churchill
Brad Churchill
CEO at Choklat
It gives me great pleasure to announce that after years of hard work, me selling everything and living in a holiday trailer (tiny living SUCKS!) through three bloody cold winters, battles lost and won, planning, and support from our customers and shareholders, Choklat has not only become the first food manufacturing company in Canada to obtain our cannabis processing license (on my birthday nonetheless!), but is now also in possession of our first Purchase Order for this new market.
...and it's big - bigger than we ever thought! Starting shortly after the Family Day long weekend we will begin production on over 19,000 cases of cannabis infused goodies in order to fulfill our first order representing (according to our client) just the first couple of weeks of sales for one single province.
Not only is Choklat immediately profitable, but the value of this first order alone is more than the company has made in the past three years combined!
We have hired staff to get us listed in all provinces in Canada, and as they come on board over the next 4-5 months Choklat can expect to see sales climb to approximately $4-5 Million per month from our infused edibles production lines.
While most cannabis companies have spent investor's money like drunken sailors on shore leave, we have made intelligent and strategic decisions which, when this first order is delivered, sees our company debt free and profitable as the cannabis market bloodbath escalates and companies continue to post billions of dollars in losses.
What pleases me more is that within the next few months I will be able to make good on the promises I made to people 4 years ago when Choklat's holding company raised capital through a record setting self directed crowd funding initiative. Over 100 hard working Albertans will soon see their investment in my company and my vision come full circle.
We still have some work to do, and due to the size of the orders we're seeing, have to carefully manage our cashflow. However at the end of the day, I will be happy to shake everyone's hand, thank them for their support, and give them a cheque. It's going to be one hell of a party!
Best Regards,
Brad Churchill, CEO