RE:RE:RE:RE:RE:Can't believe how low our market cap is....In Q1 2018, we moved all CR Brands manufacturing and product development functions to Kaya’s Oakland facility, which currently produces Bhang® products for the California market. This consolidation has already allowed us to drive efficiencies through shared labor, space and business administration. Because closing of the Company’s acquisitions of Kaya and Alta took place in the final days of Q1 2018, the Company did not generate material direct revenues from the sale of CR Brands products. We expect the combined manufacturing revenue from Kaya will drive substantial quarter over quarter growth through the remainder of 2018, starting in Q2.
I remember hearing that only a few weeks of sales were counted.
4-5 million this quarter would be excellent. What is even more exciting is if the company delivers on the 80-100 million run rate.
Imagine dropping a Q3 of 30-40 million just as Canada has started rec sales. Follow that up with another round in Q4. It will be very interesting to see three months of the California market vs Canada.
Does anyone really think that a mail order program will satisfy Ontario demand? Any chance at delayed retail until April is really going to bottlneck everyone. Only months away and I've yet to see anything really solid from any province. Lots of difficulties with private retailers jumping through hoops only to be denied sale licenses. Big grocery stores who are just adding another SKU to the inventory. And liquor boards that have no real idea how to sell to this market.
As has been said before, California is a taste maker when it comes to pop culture. Brands and products that can establish themselves in that market stand a very good chance elsewhere by association with the state.
Can't wait for this NR...
Cannaroyalty announces closing of RVR acquisition. In addition it is also pleased to announce a change in company name and trading symbol to Golden State Cannabis (CSE: GSC, OTC: GNSC)