Sunniva Inc SNNVF

California operations

[bobobot]

I have seen on here a number of comments and discussions about the fact that Sunniva is only allowed to have one 22000 sq foot license and that the remaining licenses with be used by others who will operate in the California campy, pay rent and sell product back to Sunniva. Is my understanding of the Californiacampus correct? Can someone tell me where this idea comes from? I don't see this discussed at all on thier website or in the prospectus. I also am getting no dice when I have asked for clarification from Sunniva's IR.

[Sunniva4Life]

Hi bobobot, unfortunately you got it wrong. Sunniva will be in charge of all operations in the facility, including cultivation and all other aspects of running the facility. It will own 100% of one area of the facility (out of 8), and 20% of each of the remaining 7 areas. Each of these remaining 7 areas will be nominally majority owned (80%) by 7 different tenants, who will cover all of Sunniva

[bobobot]

Thanks for the information S4life. Where did you come by this information. I haven't seen anything on their website or prospectus about this. I assume this is California specific and won't be how the Canadian operation is setup. Seems like an extremely profitable venture for the 7 tenants. Sunniva does all the work and provides the facility and only gets 20 percent of the profits. Does

[Sunniva4Life]

That's exactly right. But assuming that tenants cover their share of the leasing costs, as well as the operating costs, those 20 cents go straight to Sunniva's bottom line as net profit. Yes, this is California specific and is designed to comply with the regulations that are meant to give small- and medium-sized growers (i.e. not Sunniva) the chance to develop their business for 5

[Justreality]

"How to lose money in the market"  by Sunniva4life you are destined to be lose everything my man don't go and marry any ffffing stock absolutely unbelievable Hey I am long stock 15,000 shares at an ealier pp priece  so stock has been good to me and Ted is beyond good I admit still its a piece of paper if this one doesn't get you one will  can tell by your handle

[Sunniva4Life]

Haha thanks Justreality, I appreciate the comment. Noted!

[Bluechip2]

ted threw out that the Canopy deal was worth 10.00/gram, 450,000,000 million per year which is ridiculous, it is more like 3.00/gram based on their projected financials for Oliver. Also, it is not a sales agreement but a partnership, whereas they will share profits upon sales through various means. And finally, I noticed on SEDAR, where I get my information mostly, the wording for the financing of

[Sunniva4Life]

$10/gram at RETAIL. He made it clear that he is talking about the full retail amount, not about Sunniva's share. It IS a sales agreement but there is a partnership aspect in that sense that beyond the basic production cost, which Canopy will cover, the two companies will share the revenue. Not sure I get your point about the Canadian facility? Either or scenario?

[adamchess]

Pretty sure Canopy averaged over 8.00.gram in their last quarter financials. Why would they be looking at 3.00/gram now? The source you are quoting is irrelevant now it seems. Get over it.

[Bluechip2]

the 3.00/gram was Sunniva estimated take.. anyhow you are correct, I will move on