GREY:VRTHF - Post by User
Comment by
Extallioneson Feb 19, 2019 1:14pm
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Post# 29383279
RE:omg
RE:omgI'm pretty sure if you don't pay anyone, no one shows up to work, and this thing will go to zero in short order.
All is not lost in my opinion. I recently bought in at these levels. I did because despite having no cash on hand, the entered into the MOU with TG to pay $800,000.00 over three years. TG doesn't agree to this sort of deal unless Veritas has something concrete in the works, or better yet, there is a guarantor who signed the MOU for Veritas.
As I've said before, Veritas needs a dance partner - someone with positive cash flow or very deep pockets. The recent share exchange ith Indigneous Bloom leads me to believe that Indigenous Bloom (currently a private company) may be that dance partner. They are a producer who currently operate retail stores on Native Land (and thus aren't restricted by Provincial or Federal Law).
There is a retail store in Kelowna just outside of Lake Country on the side of HWY 97 that I visited the other day, and they are selling everything from dried bud to vape pens to shatter and edibles. My understanding is that they are in the process of making further agreements with other Native Bands across the country, and are building out retail stores as fast as they can pay for them. From my conversation with store employees, they are always busy, and I expect these stores are making money hand over fist in BC as they are way ahead of the game in terms of what they are allowed to sell because of the BC Provincial Government dragging their feet.
I bought in because I'm hoping for a buyout in the next couple of months, likely followed by some sort of financing to allow Indigenous Bloom (who hopefully now also own Veritas) to continue expanding at a rapid rate.