RE:RE:RE:Bhang and Origin House Mutually Terminate License AgreementThe total value for everything they received is 1.1 million. Seems decent but question is why? Would love to know why this happened and why they’ve moved away from licensing in Cali but not anywhere else with new license agreements even signed recently. Referring to THC only...
Also, was excited to read about their new “prolific” co-packers, however there is zero information out there on them. Trava Inc. was only registered as a business in June 2018! Meanwhile, Herban Inc’s business license is suspended. The link won’t post but I found this by a simple search of California’s business registry. Try searching Trava and Herban on the link below and see for yourself:
https://businesssearch.sos.ca.gov Google searches of “Herban Inc” reference a California cosmetics company... not helping... Trava may be “Trava California”, not clear, but the website is minimal and there is no sign of them being a prolific anything - one of thousands of mom and pop companies at best.
I have been researching Bhang last few days as I’ve known about them since Indiva announcement a while back and, given low stock price, was hoping there was an opportunity here. But the extremely low profile of these alleged industry leaders is extremely questionable.
With debt / equity announcement almost certainly coming before earnings, will continue to sit on the sidelines. It’s crazy they’ve burned through all their RTO raise in 6 months. All too bad because their products do seem great.
There’s red flags here, and not trying to pile on as I know everyone has taken a bath, but... just wanted to share given there’s probably others like me out there thinking of buying.
GTLA