RE:None of you see a problem with CEO's spouse owning all this?Cstovin wrote: Over drinks in Vancouver tonight, I learned that Kelly Christopherson is the common-law spouse of Brad Eckenweiler. Should this not be disclosed? Is this not a regulatory conflict? Is this not a conflict with the state of California and marijuana legislation? Smoke and Mirrors?
Not only was this relationship not disclosed, but how is it that the spouse of the CEO also conveniently owns part of a cannabis nursery and a cannabis retailer in Adelanto?
I no longer own LDS, having sold on that run to $1.50, and lost interest in posting on this board. But I think if you are an LDS shareholder, you have a right to know this information. I may be wrong, but this appears to be an enormous conflict of interest for someone running a public company. There appears to be a very odd shuffling of assets going on here.
And don't forget, this is the same CEO that in November 2017 pledged the entire assets of LDS to secure a loan for only $1/2 million dollars. See Nov 21 news. And now it appears valuable assets or licenses and permits are being shuffled around to directly benefit the CEO's "wife"?
"The rights of LDS to purchase the memberships of both NHMC Inc. and CSPA Group Inc. were assigned to Kelly Christopherson, the current member of a medical cannabis nursery and a medical cannabis retailer located in Adelanto, CA"
Why don't you finish the quote?
"
The rights of Lifestyle to purchase the memberships of both NHMC Inc. and CSPA Group Inc. were assigned to Kelly Christopherson, the current member of a medical cannabis nursery and a medical cannabis retailer located in Adelanto, Calif. In exchange, Ms. Christopherson granted Lifestyle a five-year option to purchase the NHMC Inc. and CSPA Group Inc. memberships for $100 (U.S.) each. The assignment was made to facilitate the transfer of the permits described below by the City of Adelanto."
So she stands to make $200 on the deal? That's the conflict of interest?
Keeping the licenses at arms length protected the company. The regulatory landscape is changing and so is the ownership structure.
What am I missing?