Post by
motamota on Oct 10, 2018 1:39pm
further DD
been doing some DD. If you were to take all the cultivation square feet in the state of Nevada it would equal approximately 1m total square feet for the entire state. FONE just acquired a whopper greenhouse adding 455k sq. feet of cultivation and production!! You can't find any commercial greenhouses in Nevada and the indoor grows are small i dont know of any over 40k sq feet. FONE price to produce will be much much lower given the year-round full spectrum lighting in the desert.
I did some diggin on NLVO - its a great play acquiring a revenue generating asset with an existing product line and penetration into over 50% of dispensaires. Both companies have applied for Dispensary licenses so they will have a significant foothold in a highly regulated Nevada market.
If anyone is in Las Vegas area , try and get some pics the greenhouse.
Comment by
drd8 on Oct 10, 2018 2:22pm
completely wrong - this is laughable - the structure on this is one of the worst i have ever seen - never seen anything like the greediness of this it's off the charts - 80m shares with zero cost base and for what?
Comment by
motamota on Oct 10, 2018 2:31pm
where are you getting the 80m from? Its my understanding over half the shares are escrowed and the major shareholders are further locked up for 6 months per agreement with 8 Capital. insiders are locked up