RE:RE:private placementThe PP didn't kill any upside potential. On the contrary.
Management invested heavily in this PP, they have incentive to increase the share price.
200M shares isn't a lot for a beverage company.
Pepsi as an example has 1.3B shares outstanding.
Coca Cola 4.3B shares outstanding.
Tilray 730M shares outstanding.
Monster 746M shares outstanding.
Why would the company do a reverse stock split? Makes no sense, they don't have to uphold a specific price on the CSE, they're not trading on Nasdaq or NYSE anytime soon. That's completely pointless.
The only thing killing any upside potential is the DEA, they're purposely dragging their feet on rescheduling.
Beckett's is going to be distributed in all 50 states in 2024 potentially, with or without cannabis reform the company has upside potential. Shenyas will be using his contacts to distribute Beckett's.
Blaze Life Holdings (BLH) has named Anheuser-Busch veteran Shreyas Balakrishnan as CEO.
Balakrishnan's nearly 20-year career at Anheuser-Busch spanned leadership positions across brewing and distillery operations, distribution, sales and M&A. Since 2019, Balakrishnan has served as president of Cutwater Spirits, acquired by Anheuser-Busch in 2019. Prior to Cutwater, Balakrishnan served Elysian Brewing Co. as president and general manager, where he took a regional brand based in Seattle and orchestrated its national expansion