PNTV description of company from Board Member Bret
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Posted On: 03/22/2017 9:41:16 AM
PNTV description of company from Board Member Brett Pojunis
https://www.youtube.com/watch?v=3WBqiXUkjh8
Mr. Pojunis discussed the two pillars of PNTV: Green Leaf Farms and WeedTV
First, GLF:
PNTV is fortunate to have each of the two different licenses:
1)Cultivation license- this entails the growth – more on that later.
2) Production license – this deals principally with the extracts, for various markets such as oils, edibles and cartridges.
Mr. Pojunis points out two financial aspects which offer challenges:
1) Advertising in Nevada – he tells us that the Nevada regulatory laws are very good for what PNTV wants to do and sees no problems here.
2) Banking – this is more problematic, as the Nevada regulatory system as it is set up right now, does not allow PNTV to get a better alternative from the “cash business” that it has. Regulatory changes are presently under consideration which would be much more beneficial, such as Co-op Banking or Credit Unions. He points out that PNTV is a public Co. that deals with a lot of cash exchanges, giving it problems that a private company does not have – public information of where and when cash is exchanging hands.
Facility – lots of new info here
1) Cultivation: a new $3 mil. Building on 3.3 acres with 26,ooo sq. ft which entails seed to growth to distribution.
2) 8,000 sq. ft. ready to go
3) With the city approval of C.O. (Certificate of Operation) plants can be brought in to begin, and first revenues could be expected within as little as 2 weeks.
N.B.: C.O. approval form city of North Las Vegas was just granted.
Cultivation is of the flower, which can be sold to dispensaries. The oil of the flower is used for cartridges (i.e. for vapor equipment) as well as edibles. Mr. Pojunis pointed out that contracts are set up and ready to go for these markets.
Own dispensary? Yes.
Interesting point about Nevada – it is legal to have up to 1 ounce of Marijuana, but it is not legal to buy it. PNTV has a license for medical MJ, and anticipates state laws allowing recreational MJ as of July 1, 2017.
Who will get licenses for recreational Mj?
As it stands right now, ONLY companies with licenses for Medical Mj will be able to apply for licenses for recreational Mj. There are currently about 60 such companies, including PNTV.
PNTV is applying for 5 dispensaries (locations are already chosen) and they are hoping to obtain at least 3.
The obvious advantage of a license to have a dispensary is:
With the trifecta, a license for all 3 stages: cultivation, production, and dispensing, PNTV will be able to cut costs and be very competitive.
QB Uplisting – a bit of history
After 23 years of being a fully reporting company, PNTV was relegated to the Pinks after OTC regulation changes a few years back. Last year, PNTV made a risky decision to take on debt to take it to the next level, making the move from “developmental stage” to “production stage”.
$1.3 mil in toxic debt was assumed to make the jump to a Mj Production company. It paid off. Of the $1.3 mil in toxic debt, $1.1 mil has been paid off. The remaining 200k is in paid-out shares.
PNTV made the decision this year to upgrade to the OTCQB. The biggest advantage here is that it makes PNTV possible to enter two important stock exchanges:
Marijuana Exchange
Canadian Exchange
This will bring in more investors and more base support for the company moving forward.
Additional Funding?
PNTV will of course look for additional funding in its goal to dominate the market. The last raising of funding brought in funds 600% above the current price. This demonstrates the validity not only of PNTV, but also of this emerging Mj market. Investors want in.
PNTV sees a need of approximately $120-140 Mil. to dominate the market. It plans to eventually use $1 mil. To acquire a NASDAQ company which would put PNTV on the NAS.
The upcoming launch of the new Website plans to give investors the following tools:
Filings
Financial data
PRs
Webinars (monthly)
Earnings calls
Weekly videos, highlighting the company, its employees, and its facilities
PNTV is planning to allow the first 100 callers to participate in Webinars and earnings calls.
prof
https://www.youtube.com/watch?v=3WBqiXUkjh8
Mr. Pojunis discussed the two pillars of PNTV: Green Leaf Farms and WeedTV
First, GLF:
PNTV is fortunate to have each of the two different licenses:
1)Cultivation license- this entails the growth – more on that later.
2) Production license – this deals principally with the extracts, for various markets such as oils, edibles and cartridges.
Mr. Pojunis points out two financial aspects which offer challenges:
1) Advertising in Nevada – he tells us that the Nevada regulatory laws are very good for what PNTV wants to do and sees no problems here.
2) Banking – this is more problematic, as the Nevada regulatory system as it is set up right now, does not allow PNTV to get a better alternative from the “cash business” that it has. Regulatory changes are presently under consideration which would be much more beneficial, such as Co-op Banking or Credit Unions. He points out that PNTV is a public Co. that deals with a lot of cash exchanges, giving it problems that a private company does not have – public information of where and when cash is exchanging hands.
Facility – lots of new info here
1) Cultivation: a new $3 mil. Building on 3.3 acres with 26,ooo sq. ft which entails seed to growth to distribution.
2) 8,000 sq. ft. ready to go
3) With the city approval of C.O. (Certificate of Operation) plants can be brought in to begin, and first revenues could be expected within as little as 2 weeks.
N.B.: C.O. approval form city of North Las Vegas was just granted.
Cultivation is of the flower, which can be sold to dispensaries. The oil of the flower is used for cartridges (i.e. for vapor equipment) as well as edibles. Mr. Pojunis pointed out that contracts are set up and ready to go for these markets.
Own dispensary? Yes.
Interesting point about Nevada – it is legal to have up to 1 ounce of Marijuana, but it is not legal to buy it. PNTV has a license for medical MJ, and anticipates state laws allowing recreational MJ as of July 1, 2017.
Who will get licenses for recreational Mj?
As it stands right now, ONLY companies with licenses for Medical Mj will be able to apply for licenses for recreational Mj. There are currently about 60 such companies, including PNTV.
PNTV is applying for 5 dispensaries (locations are already chosen) and they are hoping to obtain at least 3.
The obvious advantage of a license to have a dispensary is:
With the trifecta, a license for all 3 stages: cultivation, production, and dispensing, PNTV will be able to cut costs and be very competitive.
QB Uplisting – a bit of history
After 23 years of being a fully reporting company, PNTV was relegated to the Pinks after OTC regulation changes a few years back. Last year, PNTV made a risky decision to take on debt to take it to the next level, making the move from “developmental stage” to “production stage”.
$1.3 mil in toxic debt was assumed to make the jump to a Mj Production company. It paid off. Of the $1.3 mil in toxic debt, $1.1 mil has been paid off. The remaining 200k is in paid-out shares.
PNTV made the decision this year to upgrade to the OTCQB. The biggest advantage here is that it makes PNTV possible to enter two important stock exchanges:
Marijuana Exchange
Canadian Exchange
This will bring in more investors and more base support for the company moving forward.
Additional Funding?
PNTV will of course look for additional funding in its goal to dominate the market. The last raising of funding brought in funds 600% above the current price. This demonstrates the validity not only of PNTV, but also of this emerging Mj market. Investors want in.
PNTV sees a need of approximately $120-140 Mil. to dominate the market. It plans to eventually use $1 mil. To acquire a NASDAQ company which would put PNTV on the NAS.
The upcoming launch of the new Website plans to give investors the following tools:
Filings
Financial data
PRs
Webinars (monthly)
Earnings calls
Weekly videos, highlighting the company, its employees, and its facilities
PNTV is planning to allow the first 100 callers to participate in Webinars and earnings calls.
prof
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