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Bullboard - Stock Discussion Forum BC Craft Supply Co Ltd CRFTF

Based in Vancouver, British Columbia, Pasha is a vertically integrated, prohibition-era brand house firmly rooted in BC’s craft cannabis industry, which boasts an international reputation. With proven capabilities in cannabis cultivation, genetic research and development, product, processing, and retail, Pasha is uniquely positioned in the new legal cannabis market through its network of... see more

GREY:CRFTF - Post Discussion

BC Craft Supply Co Ltd > Needs to be a business behind the brands to make sense
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Post by Wallhalla on Jun 18, 2019 2:56pm

Needs to be a business behind the brands to make sense

Its great that they were able to assemble a variety of established grey market brands, but there is no path to distribution (and therefore revenue and profit) without being a licensed producer who can grow and sell weed.  The acquisition of Medcann is a good start, but they only have 10,000 square feet and nowhere near enough product to justify the current valuation.  (They only got their license in March 2019 so I'm not sure they are even in any provincial stores yet.) The idea of signing up micro-growers is being done by many other LPs and requires a significant amount of capital under Health Canada's new rules, so no guarantee here. Only other potential revenue stream is through licensing deals, but there are so many brands that already have shelf-space that it makes no sense to pay for a licensing deal.  This only makes sense when you need brand recognition to help sell product, a problem no LP is having right now.
Comment by Corruptedlol on Jun 18, 2019 3:17pm
Southern Glazier is their distribution partner its on the deck
Comment by Wallhalla on Jun 18, 2019 3:40pm
Sothern Glazier is just the sales rep.  They can only sell what is produced by a licesned producer, which is currently the Medcann license producing out of 10,000 square feet.  Only LPs can handle the product.
Comment by MSWHoldings on Jun 18, 2019 5:31pm
THe company has far more products than simply flower produced by micro growers. There is CBD therapeutics, baked edibles etc. all with distribution through SG. All of that will fall under the licensing the medcann deal affords. 
Comment by Wallhalla on Jun 18, 2019 7:10pm
You obviously didn't read their release.  They are planning to build out extraction, which means they don't have it yet, which means they don't have any CBD oils and certainly not edibles (as these are still not legal).  This means they need to build and get licensed by Health Canada before any of this happens. Of course, they can build this out, but a current valuation of ...more  
Comment by knowSomething on Jun 19, 2019 11:01am
Well said - it’s all founder shares. Waiting to see how this plays out when it hits .30
Comment by HawkII on Jun 19, 2019 5:47pm
Will likely stay below $0.30 for some time. So much cheap stock out there.
Comment by hiheyhello on Jun 21, 2019 1:15pm
This post has been removed in accordance with Community Policy
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