RE:Twitter pics and rights - letter from JohnKtgroyca wrote: I sent an email to John K asking about the recent twitter pics and update on rights offering, here is his response (received within 24 hours), IMO, good letter / content: Good morning, and thank you for reaching out. It is always a pleasure to hear from investors directly. The pictures of our first crop posted this week are a few days old and in some instances weeks old, but are great examples of the progress our cultivation team is making in Stavely. The key point here being that we are well into the final flowering cycle with our first two batches. As discussed in our most recent press release just prior to the holiday break, our first crop is still several weeks out from harvest but as you can see from these photos we are on track. Growing takes time and quality is our primary concern, so we are admittedly taking a very methodical and deliberate approach on this first harvest. It is not just about the plants as I am sure you can appreciate, it is also about aligning and refining a very complex integration of plants, people, systems and structure. I can say however, that I am very pleased with where we are operationally on this first harvest; the team is doing an absolutely fantastic job with the plants and the facility overall. With good momentum operationally, strong financial discipline and a clear line of sight to first revenue (which expect to begin in late Q1/ early Q2), I believe that we have a lot to look forward to in 2020. Unlike many of our peers that are managing a downward trend, Sugarbud is just getting started. I have a lot of experience leading and managing complex consumer facing organizations and clearly understand what it takes to weather, and more importantly prosper, in challenging market conditions. It is my experience that discipline and focus typically carry the day. Sugarbud is not simply growing weed. We are cultivating an experience with what we grow and the products we ultimately sell and provide to consumers. We have a very simple but a powerful mission to delight the customer. We know who we are and we know who we serve and we know how to drive value. In fact you could even say that what we do is the name. Consequently as we scale up our business we remain very focused on establishing a strong foundation operationally in preparation for a broader commercial market entry in the back half of 2020. Candidly, it is my view that the lack of attention to these basic fundamentals and a clear commitment to excellence in fundamental core competencies that is plaguing our industry today. Too many empires built on aspiration with very little strength in any one area. We know we need to be great at growing to win in this space because as a premium product provide, the quality of the ingredients in our products depend upon it. Therefore the time we put into establishing great growing practices and outcomes now is time well spent because it only makes us stronger moving forward. Focused and disciplined execution. Not very sexy at the outset I know, but absolutely required to win in the long run. Regarding your question about the status of the shares and warrants you purchased as part of the rights offering, Computershare has now finalized the remaining administration associated with the close of this Rights Offering, and the shares and warrants have been deposited into CDS. These shares and warrants should now begin to appear in the broker accounts over the next few days which means you should see them appear in your account in the coming days as well. If for some reason you do not see them by the end of next week please do not hesitate to send me a note and I will look into it for you. I look forward to sharing more about our progress in the coming weeks and we will most certainly provide more details and updates through a press release when we have more substantive information to share. Thank you for reaching out, and thank you for making Sugarbud a part of your investment portfolio. Regards, John John Kondrosky | CEO & Director
Incase anyone missed this, or wants to read it again, great post from Jan.20