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Bullboard - Stock Discussion Forum Ianthus Capital Holdings Inc C.IAN

Alternate Symbol(s):  ITHUF

iAnthus Capital Holdings, Inc. is a vertically integrated, multi-state owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is also a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its subsidiaries, the Company owns and/or operates 37 dispensaries and eight cultivation and... see more

CSE:IAN - Post Discussion

Ianthus Capital Holdings Inc > A call with Beth Stavola
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Post by Parakalo on Feb 02, 2021 9:38am

A call with Beth Stavola

Beth Stavola-
Hello? Hi, Andro.
Andro George-
Sorry about that.
 
Andro George-
Yeah. Sorry about that. Yeah, I just, I got a call. I got a, I was getting a call, but it was someone that we're in communications with, but for some reason it didn't go through, I think they're busy with their line, but anyway, yeah, go ahead, Beth.
Beth Stavola-
No, no. So I was just saying I woke up yesterday morning and thought, and by the way, the only reason that I'm not responding to your text, just because of my obvious issues.
 
Andro George-
Yeah, that's fine. That's fine. I just didn't know. I just didn't want to distract you or approach you or anything like that. And it could cause problems on my case. Like, I don't know if it was like a personal thing or like a business thing,
 
Beth Stavola-
No. No. It’s a business thing
 
Andro George-
but like I can give you whatever it is, like the respect of leaving due to like alone kind of thing.
Beth Stavola-
Oh, Andro. You do so much by just making sure that, you know, the threats and all of that stuff that you're really, you know.
 
Andro George-
Yeah So. You were saying
Beth Stavola-
Yeah. Yeah.I was saying uhm.  Andro can you hold on one second.
 
Andro George-
Yeah, sure. Go ahead.
 
Beth Stavola-
Just one sec.
 
Andro George-
Yep. No problem.
Beth Stavola-
[Inaudible]
Beth Stavola-
Yeah. Hey Andro. Sorry that, that has run up so much. I'm just wondering if this is a, if this is a case where all the stocks have run up, all the companies are doing well. Like if you look at a GTI from, you know, March 27th, that was trading at 5.50, what is it? $15 now. Yeah. I find it hard that the creditor can still make the same justified case that there's not more than $200,000 ,  $200 million worth of value. That is that an angle in your legal opinion?
 
Andro George-
So I'll, I'll, I'll, I'll let you know  My, my, I can't really say the legal opinion because that would be considered advice, but I will say from my personal personal opinion what I will tell you is this. That is part of our case for oppression. So we talked with a few with a few people in this and this specifically design in this expert field of oppression and shareholder remedies litigation . From what they said. Yeah. If, if the rest of the market is rebounding, you know, like, and, and right now we're still depressed. The stock is still depressed. We technically speaking have a case in terms of valuation saying the plan of arrangement is  unfair and unreasonable, and we should be getting a bigger piece of the pie because again, the fair market value would be much higher than where it was back in April.
Beth Stavola-
So, or back in may.
 
Beth Stavola-
Right.
 
Andro George-
So having said that from the valuation perspective, yes, we're being oppressed because we're being ripped off and the fair market value should be higher.
Number two. Technically speaking, the lawyers that we came in communication with on behalf of the shareholders said that we do have a case for oppression, and we do have a case for derivative. Now, the people who do the oppression case, they have more than 10 years of experience specifically in this area. That’s all this business has been doing for the past decade. And based on what we presented to them about GGP, and, you know, we told them how the board sells. If they were forced to do this or what, or they would have foreclosed on the company. And also the procedures, the procedure’s unfair Beth, because number one, we didn't get Q1. Number two, I am, which I'm assuming is going to come out in the circular on August 17th.
But point number two is we're still entitled to Q2 20, 20 as June. So if those, if those numbers for those financials are substantially better than Q4 2019, then do we definitely even have a case because everything that they're trying to do it they're there. They're just trying to steal it. And now that the economy,
Beth Stavola-
Well, I’m tell you the numbers are better.
 
Andro George-
I know.
 
Beth Stavola-
The numbers are better
 
Andro George-
 I know that I know they're better. Just me and me and my, my group, my group, over here with the numbers, they even said it themselves like, Hey, listen, based on the forecast of what we're seeing here, you could even tell these two people that the forecast is much better than what people are expecting. So there's upside from here, not downside. It's not like we have less than actual deck. Now, the only thing you need to consider or understand, I'm sure you've dealt with like many lawyers and accountants, et cetera.
So you will know that when you come to pay off the debt, or if you're going to say, okay, let's just start selling everything off. You're going to have to also pay all liabilities. So that includes all their other accrued expenses, payables, et cetera. So if you do the math, you will notice that it's not just the 180 we have to pay off.   It's also the 230 or the 232 or whatever it is, the total we including all that liability. So the total liability that's paid off. So if we're left with, let's say 300 million, 350 million, and we have a total of 230, 240 to pay off. Yeah, you're going to have to pay all that off if you're going to be liquidating or offsetting that. So really shareholders left with just 90 million or a hundred million  in the bank if everything were to be decimated and liquidated.
So from, from, from evaluation perspective, there's a lot to argue that the plan of arrangement in itself is unfair and unreasonable. Now I know you're saying, well, how does the plan of arrangement proceedings work? Or how does the CCAA work? What I will tell you is this, if we vote down the plan of arrangement that in itself will be proved that there's a reason why we voted it down because it was unfair and unreasonable because the courts will question when we go to CCAA, or if we do go to CCAA, they will question, why did the fan of arrangement fail?  
You know, why didn't it succeed if you guys said you restructured and it's good for the company or for everyone? Well, why did it fail? When we say, when we tell the courts, Hey, it failed because A, they gave us 2% when the company is valued nearly over half a billion dollars, you know, and then, and then, or close to a billion, if you'd want to say.
 
And then two , the what's it called the the way they were doing the procedure was unfair. It's what we call an administrative law, admin procedural unfair unfairness procedure procedural unfairness. So you present your offering. This is pretty much arguing that the way that the process was unfair and very, they rushed things. They rushed things the moment June 23 hit, like literally within two months, three months time, they want to wrap things up.
That is extremely quick. So we can argue that the plan was arranged with the way the proceedings were done was unfair. Didn't give enough everyone enough, sufficient time to argue, or to make their case. Number two, the shareholders are left with S&&@  because they're not getting anything. Even when they issue, even with the issue of the stock options and everything else, you're still left with nothing.
What I mean by nothing. I mean, like you're gonna drop more than 2.75%. You're gonna probably gonna end up with one and a half.
Beth Stavola-
Oh really.
 
Andro George-
So at the end of the day, well, because they're going to be issuing more options and warrants, and those are shows. Options of warrants are going up the stock on a fully diluted basis. So even though on an outstanding basis, the real deal, 2%, 2.5%, we're actually losing more on the fully diluted basis. So, so we can argue in the CCAA, you know, we can say, your honor, there's a reason why we disagree with the plan of arrangement. And we disagree with the plan of arrangement because clearly it is unfair and unreasonable. And there, we did find a case from the Ontario court of appeal, which is the second highest court in all over Canada, which states that I'm paraphrasing here, which pretty much implied that you can still, you can still bring an oppression remedy in the CCAA proceeding and stop the lenders from pretty much doing a hostile plan of arrangement or take or trying to like foreclose on the company because their own sufficient capital to pay off the debt.
So they will look at, remember when they do CCAA proceedings or they do bankruptcy or whatever, any of that such stuff, they look at two things, they look at cashflow, they look how much cash you have your position, everything. And they look at the balance sheet, how much assets you have.
And if they see there is enough or sufficient, they won't declare you bankrupt. If anything, they'll tell you go back to restructuring because clearly there is something here. So, so, so we have a better chance when we say no to the plan of arrangement, because the court's going to say, why was it No?  And when they find out and that they disclose that, Oh, we had a restructuring agreement for 14 million and the shareholders, we got 2.7, 5% when the, when the court sees that we're giving away everything yet, there's a lot of assets to offset the debt, that they're going to say. How did the first judge give even an interim order granting you to proceed with the plan of arrangement, because this is clearly oppresive. So in other words, they're exposing themselves and that's why they're threatening saying, Oh, if you don't vote for this, we're going to go for zero. Well, good luck, good luck trying to push for zero. Cause that's kind of misrepresentation because that's what you're going to try to fight for. But that doesn't mean we're actually, we're going to get it because
 
Beth Stavola-
Have you ever seen a press release written with that?  In bold and underlined.
 
Andro George-
No. I have never seen anything like this. All my colleagues and all my friends are saying, this is like red flags all over the place saying, this is, this is definitely fraudulent. So I, you know, when we, when we heard you resign, our understanding was you resigned from the press release, said you resigned from both director and management. So you're telling me you're on the board.
 
Beth Stavola-
I did.

Andro George-
So well, yeah. So I, I don't know if you're still part of the company or not,

Beth Stavola-
I’m not.

Andro George-
but so that's a tell you yeah. For that. Yeah. So for them to tell you, you have to sign a separation agreement saying, Oh, you can't talk bad about us and all stuff. Well, you're not really causing defemation here, but what you're saying, you can definitely provide an opinion on your situation, on, on what you believe is best for shareholders are what you believe is best for the company. You can definitely put out a paper. You don't have to talk about, about them. So, you know, giving, giving an opinion is different than talking negatively about a company or about a company and its lenders. But one thing I don't like
 
Beth Stavola-
That makes sense.
 
Andro George-
Thing, one thing I will say, Beth is, you know, we, we've rounded up a lot of shares. We've got over 10% of the company. Now, you know, what I will say is, I don't know why they keep saying it's 50 plus one, because from my understanding you for it's it's part of the restructuring or plan of arrangement requires a special resolution, which requires two thirds, unless in BC, it's different than it requires 50 plus one, which is maybe why they started in BC and not here in Ontario, but from what I know in Ontario, no from Ontario, it's two thirds. So that could be the reason why they did BC because they realized it's much easier task for them to get 50% as opposed to getting two thirds, which is 66.6, six, six, seven. So again, it's all, listen, the legal field is like, are the legal processes and how things are done.
It's very unique way it's designed in a unique way where it gives the flexibility to maneuver your way through it. However, you cannot abuse the process. And that's something that we're going to, we're going to say about GGP because they're clearly using the process. So, you know, what I will say is I'm not like I did put out a little letter, but you know, maybe three page letter explaining what we plan to do as shareholders while we're doing and what is to come. We didn't really say we, we should, you should vote. No. but what we did say is we're voting now we've mentioned round up 10% plus that votes No.  we are. We are going to be getting counsel, whether it's from Osler or from you know, a firm that is specialized in oppression. But our end goal right now is to postpone the plan of arrangement, because the plan of arrangement is not providing sufficient time for all shareholders to process this transaction.

And to properly, you cannot properly this, this side on, on a decision without your financial statements. Like you it's like putting a blindfold on and say, Hey, will you just sign this paper? You know, that's what you're doing, because you know, they, they told you verbally, Hey, it's 2.5 or 0%. If you want to 2.75 , you just sign the paper and that's it.  So, and then they put a blindfold on you and say, here are the documents, and you don't even, can't see them because you're blindfolded. And you're being pretty much saying, okay, whatever, I'm just not going to read this. I'm just going to sign. So they know shareholders. In other words, that number is arbitrary in our opinion. And we believe it's not fairly evaluated. And thirdly, we, we, we see them rushing the process to try and just, you know, kind of like bury the corpse quickly kind of thing, and just quickly hide it.
And before the cops see it kind of thing.
So in my, in my opinion, if, if there can be somehow a whistleblower saying something about GGP from the inside, that would be great because honestly they're being oppressive. And honestly, the SEC needs to look into this. This transaction is, is beyond me.
It's shocks even, even other lawyers that we communicate. We're like, we're shocking how this is going down. Like this is, you got to act on it, but they don't want to act on it because there's adverse costs. So some firms are saying, this is too big of a case for us. We can't handle it. The small boutique firms. And some, some big firms are saying, yeah, we can handle this, but it's going to require some time.
 
Beth Stavola-
Oh wow.

Andro George-
And so, yeah, and some that are willing to say like, Hey, we're willing to take this on, but it's going to need some cash.
So they go, we're going to do 25k retainer upfront. And since Andro, you've done a substantial amount of work from, in terms of like the legal documents that you've drafted, everything that you've got, you collected your researcher , your case law and all that stuff. He's like, you're already saving half that retainer or more in terms of legal fees. So they're like, you won't have to worry about exhausting the full 25 K if you do put it upfront. Right. So what we're doing is we are reaching out to shareholders. We're trying to get them to you know, each one of them contribute whether it's a thousand here, 500 bucks here, 200 bucks, we're all, we're all we are. We are kind of like pulling in the funds, but instead of pulling in the funds and relaying the message and having one or two lead client, like clients that, that lead the case with, with the lawyers we, we may do a class action, but the class action would be for oppression.

It would be much easier that way. And class-action oppression is not as long as he may think it is because it's still part of the oppression proceedings, but we cannot bring oppression proceedings or bring a derivative or any of that such sort until we deal with the plan of arrangement proceeding, which is what, which was, which was initiated officially initiated on August 6.   So between August 6th to September I think it's very little time for them to even try to get everything done. I think they're being very optimistic and trying to rush it, but in my opinion, I think we, I think we can postpone it to say, your honor, we need more time to carefully evaluate this. And there, there, there wasn't enough time to to process all this information all at once. And we, don't also financials. And I wouldn't be surprised if the court does give us another month or two until the Q2 2020 gets released.
 
So because that that's, that takes 90, 90 days or 90 days plus from June 30th. So, so having said that we, we do have a case. it's solid.
We're, we're going to be tackling GGP on this. And the same with the other lenders. And so far, a lot of shareholders are saying, yeah, I don't want to agree to the 2% because that's, that's the ultimate destruction for everyone. Like you're going to be left with nothing. So it's like going from thousands or millions to literally zero or like a hundred bucks, 200 bucks, which is nothing. So that's, that's our position. And yes, what you said originally about GTI and Trulieve going up four times plus now almost four times, you know, Curaleaf  going up four times as well to as well, 4 bucks from three,  Canadian. So yeah, we, we definitely have a case because they're going to say, Hey, yes, at that period of time, back in May and June, we couldn't, we couldn't sell this, that we could sell the assets at a fair rate.
I said, that's a fair market, reasonable, a fair market value of that at that time, because we were in the middle of a pandemic, which there, which they're being credit, which they're being predatory or they're, they're acting in a predatory manner by trying to take out the company and literally in the middle of a crisis.

However, now that the market has rebounded four times the valuation from, from, from, you know, from, from April or from March, you can definitely argue that, say, Hey, our balance sheet. Now, if you're saying our balance sheet is no longer supposed to be 400 million us 200, well, it went up four times. So now we're at 800. You could argue that, you know, you could argue the PR the evaluation perspective, and that's excluding Goodwill because everything I'm telling you here is excluding goodwill. That's why I said the 300, 350 that's excluding Goodwill.

So from a, from, from a market value perspective, absolutely the market has rebounded. And what we're trying to do is buy even more time. So the market can even recover and we even have a better, we have people now willing to open up their pockets and buy. Now, one thing I will say is now that you're working on the outside, is there anything I can do to help you work on the outside without you kind of hurting GDP or Ianthus’s name, you know, that's number one, number two,
 
Beth Stavola-
Yeah.

Andro George-
number two, the separate as my question. Number two is your separation agreement. Doesn't say we can't talk about, about Ianthus or talk about, about Ianthus and GGP, or is it just GGP? So you see what I mean? Like there's always a loophole somewhere, right? Or does it say you can't talk or does it say you can't talk badly about the transaction, you know, because in that case then they're clearly trying to just capture it.

Beth Stavola-
Yeah. Yeah. I mean, it's, you know, it's a lot of what I'll say. And Andro, I hope all this stays between the two of us, I know you told me that you really take, you know, the law very seriously.
 
Andro George-
Yup.

Beth Stavola-
And I, you know umm okay.
 
Andro George-
Again. I’m just in the car so your on  Bluetooth
 
Beth Stavola-
Okay. So is there, you know, what it is, is, you know you know, under, under this scenario, the directors and officers insurance won't cover you or under this scenario, or if you have this act like, I'm I never thought that GGP got that, in my entire existence there was very much told to me that, you know, it wasn't my job, you know, and, and, you know, I'm a good poser, so I'm like, okay, I'll just do what, you know, my job is supposed to be, and at MPX I had to do everything. So it was just, you know, it was different. I ran as president and chief operating officer ran everything operationally.

Andro George-
Yep.

Beth Stavola-
That's what I like. That's what I like to do. And I think I'm good at it. And, you know, I don't ever overspend you know, I take it every investor's dollar as if it was my own. Yeah, no, I mean, listen, I, I, I am, I just, I want to talk to my own, you know, my own personal lawyer. I think you guys are. For what it's worth.  I mean, I'm not a lawyer and I'm certainly not a Canadian lawyer, but what I do know is that in the us, there's a lot of cases with, with this with this pandemic that, that judges are not going easy on predatory lending
 
Andro George-
Well, th that's that's, that's, that's part of my case and saying, yeah, this is something we're going to argue in the oppression and saying, Hey, this, that you can't be doing this it's absolutely. I agree with you. So many, so many, so many companies try going under restructuring or whatever, and it's just like, it's just like you taking advantage of the market when it's, when it's very low and you're just buying it for pennies and riding it up to millions. So you know, absolutely. I agree with you. Go ahead, continue.

Beth Stavola-
Yeah. And the only person that was truly talking to GGP was Hadley, have you tried, has anybody tried to reach out to him?
 
Andro George-
We did after like we, we, we did try to reach out to him. He did have one call with us and, you know, he he said GGP was not, you know, not our friend they're taking the company. You know, and I'm trying to save the company right now by finding a buyer. So that's something that, and he, he pretty much left it at that. But we, we can try and we can try and to come into further communications with him.

But what I will say is he, he believes the company was stolen by the lenders and that they were acting in an oppressive manner and that you know, that the shareholders have been screwed and he's going to be screwed and you're going to be screwed and the same with Randy. And he's trying, he's trying everything in his will and power to, to save the shareholders and save the company and to try and get a fair and reasonable you know deal for everyone. So he's trying to be right now. So right now he's trying to find a buyer. That's what we were told.

Beth Stavola-
So I would say Anro, if anybody knows anything about, you know, that relationship, it was very much what, what I can tell you about the relation between it was him and Jason Adler talking. It was always him. It was always like him and Adler. Like, I, I talked to Adler maybe  three times in my whole, my whole existence there. And and so if he did, he is of that mindset and I've not  talked to him. So

Andro George-
Well, I think you should reach out to them, maybe the two of, you know, the millionaires in the U S that can come in and scoop up in this company, even anyone with SPAC or anything like that.

Beth Stavola-
Yeah, yeah, yeah, yeah. I I but if, if anybody, like, just, if anybody has any, you know, it would, it would be him. It would unfortunately not be me because none of that was was,

Andro George-
So in other words, you don't have any kind of material information that would help in, in making a case against, or the lenders. So

Beth Stavola-
No, no, nothing. That's nothing that's separate from what you’re  thinking, you know, along, but you know, that, that's what I woke up thinking yesterday. Like with the market the way it's run, how, how can this actually fly, you know.
 
Andro George-
Well, that's why, that's why I'm saying, if we go to CCAA, we can argue something and say, hello guys, valuation perspective. Look at the market, tell me now it's not pennies on the dollar. It here's the thing. If the market is still in the S&&@s and it's deteriorating, then we can't argue and say, Oh, but they're stealing it at pennies on the dollars, because they're going to say, well, it is pennies right now. So why would we give you dollars? But now it's pennies on the dollars because there's, there's evidence of right here showing that the market has gone up. So it's not. So in other words, we were arguing back two months ago, three months ago saying, but the market's going to rebound and it's going to go back up. And if it goes back up, this is our case. Well, they said, well, until it goes back up, you don't have a case. Well, now it's back up. So F^@# you. We do have a case. Excuse my language.
 
 
Beth Stavola-
Yeah I say F^@# at all the time.
 
Andro George-
 It's just frustration for me over here.

Beth Stavola-
Listen, I  mean, what is the date that this all goes down?

Andro George-
So September 14th is the date, sorry for cutting you off. So September 14th is the date that they set for the voting date. And obviously they would, they would announce later on the announcement date, which should be sometime in September now, to me, and from my experience one month is not enough, even for the Aurora med relief merger, which they announced in may. And then they released the material in June. It took them two months and a half just to come to a meeting date and here and here in one month, they're saying , Oh, we just announced today a month for now, you're going to get your meeting date, but I'm sorry, what it's like if this, if this was a billion dollar transaction over here that that took, that took two months and a half to try to get a meeting date done, which was an August or August and leading into September the end results. And then, you know, and, and we, we announced the merger in may. How can you tell me that we entered a restructuring agreement mid July and just J or end of July, sorry. And, and mid, mid, just before mid-September or just around mid-September you're telling us to come to a final decision. How can you quickly push for something like that?

Beth Stavola-
It took them six months to close CBD for life.
 
Andro George-
Well, this is why I'm saying, this is why I'm saying yes. And for the record, it might not even, it might not even process the plan arrangement might not even go through because it's, it's, they're, they're trying to enforce it in Canada and push it on the US. Like, like, like kind of like, even though it gets approved, let's say worst case scenario, everyone got F^@#ed and it got approved in the  in Canada, even though it gets approved in Canada, you could S they still have to enforce it in the U S and for them to do that, the courts may say, sorry, even though it is a an extra provincial jurisdiction or sorry yeah, extra provincial jurisdiction, and they want to process it here. It's up to the courts to decide in the U S whether they wanna approve of it or not. So, you know, if jurisdiction becomes an issue and compliance with authority, that becomes an issue. So I see what they're trying to do, and they're trying to steal it right before the market rebounds, but the market has already rebounded. And th they're they're pretty much exposed right now. So we exposed them.
 
 
 
 
 
Beth Stavola-
The market's on fire. I mean, I was buying harvest below a dollar

Andro George-
Oh, I know. Harvest, recreational. Yeah. We, we got into them at one. We, we, we, we saw it hitting the one where we're like we don't know, but when it's all spike up to 1. 20, we jumped in, we jumped in that's cheap.

Beth Stavola-
I will tell you I think Arizona is going to be one of the best States in the country, in the next three to five years. And with harvest massive exposure to Arizona is that bill is written so beautifully that it goes on a ballot initiative, polling, it's 70%, I'm super close to that market. And it's going to pass. And Arizona regulators are some of the, either easiest regulators to deal with in the country.

Like, like New Jersey, for example. I mean, they know, they know what I had for breakfast today, know gaming regulators, where Arizona is different. It's like, get your fingerprints with the face of background check where like Maryland’s pretty tough too.  They had asked if I ever lived on West 74th street and not paid my rent or the rent and I was like probably because I was only 22 years old and I was trying to figure out and working on wall street for nothing. So was probably figuring out if I was going to eat or  pay my rent, so yeah there was a possibility I didn’t pay my rent. but Arizona is a different animal. And so the beauty of that is once that vote passes, and it will [inaduble].   It’s just going to up 300%

Andro George-
I wouldn't be surprised. And it's just, it me off even more. How med men did even Madmen is selling Arizona assets when they should be keeping them. So,

Beth Stavola-
Oh, please don't even, I, I bought [inaudible] show that we were really generous.  The guys over at harvest, we’re going to participate in Medmen.  You know that 75 million dollar convert that they did.  Downsized 150.
 
Andro George-
Yeah. Something along those lines. I remember that.
 
Beth Stavola-
I mean, listen, it was at like $5, you know? Yeah, yeah. I did participate in that. And then I went on a marketing trip to London next week and like, talk about the fact that [inaudible]. Firsst 15 minutes of the meeting I had to explain or talk about about how the fact that Adam and Andrew  paid themselves out of that $75 million.
 
Andro George-
Wow. Well, I'm glad. Well, yeah, go ahead. Sorry. No, no, go ahead.
 
Beth Stavola-
I’m and investor in it I'm not thrilled about it. I did call on it when I got home and hope that [inaudible] Tell me what the market thinks of, of this situation. And in London, they are really pissed off at you. You should have, but you opportunity to reverse it.

Andro George-
Well, here's the thing, when he did the restructuring, I sent him tweets to saying like, thank you, you know, restructuring. And, you know, because you're burning capital is just crazy. Like you need to really control it. So reduce your S&A, reduce corporate overhead expenses, do what you gotta do. So well personally for me, I have a low average I'm way below a dollar Canadian. Yeah. I have a low, a way below a dollar Canadian, somewhere around 88 cents. Yeah, but it's try to set a quarter right now, but I, I don't know how much, well, I think it will rebound, but I just don't know how much it will rebound because I, I do, I do, I do like the,
 
Beth Stavola-
I do too. I think it will rebound.

Andro George-
I do like the board, the new board, the people that did new people that they added, I do proceed like them. I have followed their previous, previous what's it called their previous history and background of what they did with other companies specifically with the, with whole foods and all that stuff. So they are appointing and Tom Lynch was well, they are appointing the right people to turn around the company in terms of operational wise, but getting rid of Arizona assets, like you said, when you're going to be changing everything and reformatting the system doesn't make sense to me. So, but anyway yeah, I asked you a question at one time about Adam Bierman. And the reason why I asked you

Beth Stavola-
He, he won't talk to anybody. He's probably got some kind of gag order on,

Andro George-
Well, the reason why I wanted to talk to him was, well, not, not, not necessarily it's because listen, he was in Medmen. I know he's the founder and all that stuff. And, you know, he had a vision. Now I know there's a lot of negative, negative media stuff about how he's a crook and all that stuff. And, you know, I don't necessarily believe everyone is like that or any of that such. So I'm, I have an open mind, as you can see. So
 
Beth Stavola-
Andro , I can tell you, he, he, he was just an inexperienced,  I've known. I was just say that for many, many years. And you know, he comes off in an arrogant manner, frankly, just a little bit weird. I'll never forget as long as I live, like one of the first conferences that I spoke at, and maybe it was all I got there, I was in Chicago and maybe it was in 2015. Or  awhile ago.
All these people came and they paid $500 you know, to sit there and everybody wants to get into the space. And it was, you know, like pioneers and how, you know, how you know, we've gotten into the business and how other people can get into the business. So ad I was on a panel and Adam and Steve D’Angelo, Adam Stark, and [inaudible] singer and he goes across the room and say all you eager beavers out there to get into the battle on the stage that if you are not in it already,  You're not getting in there's no, I was like, Oh my God, I, you should have seen people, they were they he killed their dog or something. I'm thinking to myself, I have to speak after this. After. Thanks a lot.

Andro George-
Well, yeah. Why would you do that? People are just saying it's too late now. Screw it.

Beth Stavola-
But Andro stay in touch with me. I have to grab this other call that I'm late for that start at 12.
 
Andro George-
Sorry. My apologies.

Beth Stavola-
No. Oh my god. I just wanted to call you.  and I offload your. . You know, I just think I I'll, you know, I'll keep, I'll keep thinking, but I think the route, you know, the route you're headed very, it's very reasonable.


Andro George-
It is. And you know, like I remember you said something along the lines that you kind of wanted to pitch in and help. So what I was going to say, I know you can't be on record helping, so if you want to do it anonymously we could arrange that.
Beth Stavola-
Ok.


Andro George-
So we'll keep in touch.

Beth Stavola-
That sounds terrific. And I can always, you know, you know, Megan [Kulick]  is a very trusted person of mine so just keep that in mind

Andro George-
Okay. Will do. Thank you. Thank you, Beth.
 
Beth Stavola-
Thank you Andro. Talk soon.

Andro George-
Have a good one. Bye.
Comment by suckingpark on Feb 02, 2021 1:15pm
What you are doing does not help shareholders whatsoever. It does not even assist beth in stopping GGP. You are assisting GGP. Get it through your head!
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