RE:RE:RE:RE:RE:RE:RE:RE:RE:Warrant updateBy law, any companies wanting to enter into a M&A in BC needs to secure 66% of the shareholders. Between Kettlewell and Supreme they already had(if I remember correct) 62% of the votes needed. I assume that with the background Supreme has on the BoD, they knew there was real possibilities in Blissco from the start, as they were one of the first to market with an extraction platform almost 3 years before extraction legislation was even being written. Smart move from Supreme to get a foothold on them early on using minimal investment.
brentkosta wrote: since when did a 10% equity investment equate to controlling interest that could impede acquisituon?
I dont see this as a poison pill. Explain
Go0B3r wrote: The answer to that is simple, Damian and Supreme held controlling shares of the company - No one else could buy them without the say so of both parties agreeing.
brentkosta wrote: Lets use some logic here. Rather than believing what the company tells you with regards to output and potential profits (we know they are capable of lies from 7acres). Or rather than beieving they are in the class of LABS or VLNS or other top processors..
Why dont we go to the most basic logic we can. If Blissco had any value whatsoever, why wouldnt they be acquired by someone else? Is Supreme just some savvy dudes that seen a freebee aquisiton when nobody else did?
Go0B3r wrote: OKay, this I can work with Brent...
So from what I'm reading between the lines here, you see the acquisition of BlissCo and Truevera a huge money draw. Truevera I'm uncertain about just yet, but I'm sure the story behind that company will come to pass once GMP certification comes to fruition for BlissCO and MG Health.
Supreme currently employs ~600 people in order to run the operation. I don't see them needing to hire more, and for all we know Moore might even drop those numbers a little, since he's a CPG expert(speculation) focused on efficiancies. Blissco is a very small company with a big capacity for production, because of the nature of their facility(look at extraction peers for examples). If you look into extracts and the process, you'll see man power isn't something they need there. Do your research, one cook with the right equipment could yeild huge amounts of extracts per day. The end product(unlike flower) is easy to package because it's a viscus liquid type of bottling product. It's mostly all automated and very fast. Also from what I remember BlissCO had almost $10mm in the bank before we took them over. So I am thinking that the rest of the build out on their processing facility is covered. I don't see this side of the business needing a nearly doubling in current expenditure to run at full capacity. Would like to hear why you think it does?... Outside of "I may have read it somewhere", hearsay is of no use in this market.
I could care less about your posting history BK, nor do I care if you're short, long or just here to keep track of this company. But debating peoples points with completely different points is rib poking. This is the closest thing to a conversation I've had or seen with you on here. I'll welcome more of it...