Flower One Holdings Inc FLOOF

Something underappreciated from Jan 14/19 update

[NevadaBudKing]

Unlocking the Full Value of NLV Organics Acquisition

As you know, we completed the acquisition of the assets of NLVO in early November 2018. The ongoing integration of these assets into Flower One continues. In our efforts to unlock the full potential of these assets, management team and staff to support the overall commercialization efforts of Flower One’s entry into the Nevada market, we have achieved the following over the past few months:

1. Building of Inventory for Our Brand Partners: By working together with the existing team at NLVO, we have successfully increased the yields across all strains grown in each of our nine grow rooms. As a result, we hold in inventory approximately 3,000 pounds of flower and trim. This inventory, when deployed to the retail market in Q1/Q2 2019, will provide our anticipated Brand Partners the opportunity to have an immediate presence on the retail shelves of Las Vegas and Nevada dispensaries until Flower One’s greenhouse supply comes online.
2. Expanded Genetics Bank: The broader the choice of strains we offer to dispensaries and our Brand Partners, the better. We have now expanded Flower One’s genetics bank by nearly doubling NLVO’s strain inventory to more than 90 strains. The additional strains are now being tested within the cultivation facility acquired from NLVO.
3. Retail Reach and Positioning of NLVO’s Product Line: The varied product line offered by NLVO (packaged flower, vape pens, topicals, concentrates) continues to be well positioned as a luxury brand in the Nevadamarket. The positioning and retail reach in the market continues to go well.
4. Supply of Plant Material for Onboarding of Plants in Greenhouse: As noted previously, Flower One’s grow team has completed the strain selection process and begun the conversion of grow rooms to meet the significant plant material requirements for the onboarding of plants at the greenhouse. The first cuttings will be introduced into Flower One’s greenhouse in the coming weeks.
5. Optimization of Processing Facility: Several of our anticipated Brand Partners are looking to immediately ramp-up production of edibles and other innovative delivery platforms. Flower One will be reconfiguring and optimizing the existing 25,000 square-foot facility that Flower One acquired from NLVO in order to allow us to immediately begin the required processing, production and packaging requirements of these Brand Partners.

Link:

https://flowerone.com/feed-posts/flower-one-provides-corporate-update-and-outlines-approach-to-developing-a-strategic-portfolio-of-brand-partners-and-retail-partners/