RE:RE:RE:RE:RE:BrutalJonathan96 wrote: I asked Hill Street about their plans and likelihood of announcing a partnership with a major LP this month as planned, here is their response:
"We are focused on what we need to in order to build the business. A partnership with a major LP is not a necessary ingredient to our success. There are 65 LP's who own all of the issued licenses, with 3600 micro-growers waiting in the wings to get into the business. Of those, only 7 LP's have announced an intention to develop beverages. The rest need us more than we need them. 1Kg of THC oil makes 40,000 bottles of wine or 200,000 cans of beer. We can buy the oil from the government at retail prices and still have a great business. One micro-grower would have vastly more product than we need to execute our plans. Having an LP as a partner is more for optics than for operations. That said, we have a long list of LP's we are in various states of discussion around our capabilities. We will make announcements about our progress as soon as we are able to."
Thanks for sharing. They certainly are more than transparent, and good to see they are quick to reply to investor communications.