OTCPK:SPLID - Post by User
Comment by
LiquidOctopusV2on Sep 09, 2019 1:44pm
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Post# 30109364
RE:Decent plan
RE:Decent planThe facility in California is basically built - so don't worry about that. I don't have much to say about the rest of the letter. It's more about internal reorganization, rather than things that change the business approach. It's clear but it's not a "new" vision. For those of us who follow the company, there were now surprises. New shareholders may find it helpful to understand the state of play. However, they had previously made reference to distribution in Nevada, which may not be happening now. I'm not sure that's a big issue.
I strongly support the vision of distribution and distrubution services for Calyx in California. This is something that could carry the company into a volume cash bonanza. They've got to keep Plus Products happy and stay competitive.
chrome2017 wrote: But why spend more capital on building a manufacturing facility in California? Where is the focus? Just build brands and distribution while outsourcing manufacturing. California already has manufacturing leaders that EAT can't ever touch. So in summary, I think they will burn through their cash.