Don’t forget that although the revenue from the seeds themselves will not come through until Q1, the rest of the plants grown indoors will be used to make CBD / Isolate from...
And add the not inconsiderable matter of ~40,000 outdoor plants being harvested, with their biomass / flower being able to be sold wholesale, alongside any we retain for creating CBD with also...
Not all about seeds, CBD, and products. The value of the plants themselves when grown shouldn’t be underestimated.
"This message has been filtered, please adjust your filters to view" A good few of those popping up again.
I guess by the responses the filtered one is clearly on another daily bash of the company it's supposed to be invested in...
Even Burningspear said I had a good point about the fact lots of the other products smell like poo, taste like poo, and contain a load of stuff they shouldn't, and clearly breaking the law and labelling standards...
If thats part of the product competition, then they should be very worried about trading standards and fines for selling illegal amounts of THC, whilst Zoetic can come in and fill the gaps left behind with a sustainably farmed CBD isolate product with 0% THC that tastes and smells nice.
The hemp that you see in that BBC article growing en-mass in the UK is being used for its fibre content, not the flower, nor high CBD yielding content as explained in the video they cannot use it. They are only licensed to grow hemp for the biomass.
Question 1) Do you think those farmers are therefore planting feminised hemp seeds of the genetic design to produce high yielding CBD, or generic seeds not caring if a male or female plant as the flower and CBD content isn't of any importance?
Question2) What happens if the law is changed that allows UK farmers to grow and produce flower and high CBD producing strains?
The answers, by the way, are simply:
1.) No, or the price of the seeds would be even higher, they are currently only interested in producing the hemp biomass, not feminised seed, or CBD, so they aren't currently buying the feminised seeds and therefore they aren't adding to the demand of the seeds.
2.) If the law is changed, then they will want to grow the plants to the point of producing flower and CBD, and thus the demand for the quality seeds to do this will increase, not decrease.
Perhaps, if one pays attention to the videos being released by the company, they will listen and understand:
There is a reason to be vertically integrated and be in control of your entire operation.
1) You can guarantee what is in your product.
2) They have already said growing will become more commoditised, thats why they aren't going for massive acreage themselves.
3) Seeds will become more critical as people will want feminised seeds and the demand for them will increase. Starting early (as have done) means will have high quality feminised seeds to facilitate this demand moving forward.
4.) Products are the other area where the money is to be made if can establish yourselves early.
So HNR is active in all spaces but has already highlighted in the business plan it expects growing plants to be commoditised in time, and that is why doing the seeds specifically, and why has launched products early.
The BBC article basically endorses everything HNR is doing!
Notice the lack of transparency, the stuff thats out there that isn't what it says it is and eeew that disgusting smell.
None of which are applicable to the Zoetic Products...
Perhaps because it’s only been here a few weeks?
Perhaps because it’s a small team (but has now added 2 additional UK based staff)
Why does everything have to be done yesterday in this World and since when is 4 months a long time?
Have products on sale in UK and US.
Gel capsules (US)
Smokeable products (US)
Chewpacs are coming (US)
For UK Chill is also coming.
But it’s not just about the products.
The proven and established indoor facility is growing plants in which to make CBD, and more importantly produce valuable seeds (which all the doubters knock as it suits them but if you read the online articles about seed genetics you’ll get it)
Outdoors there are ~40,000 plants growing this year in Palisade a known and proven hemp growing location.
They have the announced tie ups on seed genetics and provision of CBD.
You don’t need to “offtake” sustainably grown hemp, the doubters here will try and make it sound as if it won’t sell and are just creating mischief.
Work it out for yourself. All the journals are predicting there is not enough hemp or CBD to meet demand, none suggest a surplus, prices for flower, hemp biomass etc have risen since last year.
The company has been criticized for making projections before in the oil and gas space and not achieving them, that image is currently the one everyone attacks as “underachievers, can’t sell this or that.”
Those that criticize the leap into CBD from oil and gas clearly can’t join the dots of linking the organic fertilizer gas mix to the Cannabis Trial to the then forming of Zoetic from District 8.
To get to where Zoetic is now in four months is incredible, most of the other startup companies had spent north of ten millions of dollars, and well over 1-2years+ to get where Zoetic is today.
They had to raise funds, then find where to grow, work out what strains they want, learn and grow in this industry, trial products, we accelerated all that.
Highlands have absorbed people to form Zoetic who know and understand the industry and how to grow these plants. They have a proven 33,000 sq ft facility available to use and are growing plants in it.
They already make and sell their own smokes, and chews soon. They have already started selling CBD tinctures, and moving into other areas. They have gone international already in the UK.
They aren’t going to forward project product sales in the first 4 months of starting.
They have indicated seed production numbers, pricing seeds go for, CBD yield they expect per plant, and conservative CBD wholesale pricing.
So lack of patience not getting them in the major retailers in a few weeks, and when the company has only been going 4 months?
Look at what they have achieved, and remember products is only 1/3 of the Zoetic business and the plants are still growing..
Now opened its “Flagship store” in Chicago.
It’s pretty clear the immediate future is heavily focused on the delivery of Zoetic.
ED will chug away and continue to produce $, but it’s Zoetic that needs to deliver it in the shorter term as well as the longer term.
The deal announced yesterday is an interesting one for a number of reasons.
For one. The moronic and endless “what do they know about CBD / Hemp” comments that fly around when it’s clear that we haven’t just started this with the same oil and gas people and no more, but also gained all the experience with the people that joined us.
We have the tie in and collaboration with Stephen Goldman, and now the announcement yesterday.
Little pieces of the puzzle that as each one falls into place, certain poster / posters feel the need they need to increase their daily post rate attacking the company.
Zoetic, is continuing to set out and do what it aimed to do.
The announcement yesterday is not what will finally shut doubters up, that will be $(x)m just hit the bank account.
But it is what it is. Further validation that there is a lot more to the CBD business than “snake oil” and that Zoetic is positioning itself nicely with that vertically integrated model, and additional opportunities.
Of important note, and as Eski has pointed out, the plants haven’t sold yet etc and let’s not go crazy with numbers, as historically they haven’t all come to fruition. True story.
However, the outdoor plants are growing and continue to do so at 16 acres this year and a density around ~2,500 has been communicated. That is circa 40,000 plants.
They know the production rate of plants through the facility as it’s a proven one, and been used before, so they should be comfortable with numbers there.
Hence they have released numbers they felt comfortable releasing.
Products are of course the unknown in terms of volume that will sell, but they are selling, and the number of different products and stores are increasing, no target numbers provided as that growth ,unlike the plants, cannot be guaranteed.
So all aspects of Zoetic are moving along, growing and then ultimately seed production, growing and then CBD production, or growing and then plant mass / flower sales, growing still happening, rest after.
Products are being produced and sold, in physical stores which appear to be increasing, and online and available in 46 states with LeafyQuick and wherever else they may pop up (cough Instagram)
Our own websites will be up hopefully very soon.
New products we know will be out soon.
Partnering up as per yesterday’s RNS shows other companies believe in what we are doing.
I expect those partnerships will ultimately grow along with our crops.
Is it safe to pop my head up yet, or is all the doom and gloom still out there?
Guess the only "snake oil" about is that in the veins of all those talking Zoetic down before?
A nice endorsement of the quality of the operation, facility, plants and organic produce, and ultimately the CBD that we will produce.
What a surprise Burningspear, you list the cash absorbing comment for Zoetic, which of course it will be initially, but that is why it raised cash to start it.
Since then, of course, it also had the warrant and subscription money, and of course, the cash generative aspect of Zoetic is in there too, but heh better not mention that eh?
I guess your inner Sarah can't help but to show itself.
It isn't ready yet, it is waiting for the payment processing engine to be linked in for starters.
If you want to say products are on sale which they are, they can be bought via LeafyQuick online in the USA in 46 states:
Chill: Vanilla Vape cartridge
Zoetic: Gold and Silver Tinctures and Gel Capsules:
In the at least 36 physical stores, Chill is available as smokes, we already know, and the rest of the Chill range will also be distributed when available, so vape stuff may be going out to stores via Ox now, or maybe going to LeafyQuick first...
In the UK: There are 4 flavoured tinctures already physically here, but we await the UK website to come online for them to be available.
Chill products are also earmarked for UK but as yet unsure when they will go on sale here in the UK, Zoetic tinctures won't be long before can buy them in the UK.
LeafyQuick will no doubt also open their "mystery door" soon also as per Instagram posting...
Just post the facts as they are OSG.
Sarah Coles being the utter clown who tweeted after the annual results, that they had invested for oil and gas and not CBD “so they are out”
Keeping the finger on the pulse there.
What a surprise after 3 months of interviews and all the company being Zoetic Zoetic Zoetic that it was a CBD business.
Sarah coles. Finger on the pulse not. #Avoid.
Why would you even care what some made up twitter account that has a whopping 4 followers posts?
And then go as far as to post it here?
Burning spear, I love the way you dig up an article that suits your agenda and continually repost it..
That is from an article in April.
You do realise it is possible to startup businesses and move quickly, don't you?
You know like less than 4 months after starting already have 16 acres of plants growing, a 33,000 sq foot indoor facility with plants growing, products already selling in 36 stores and rising, products already in more than one country, let alone more than one state.. That's Zoetic by the way, the current one, as in now...
LeafyQuick, as in the current one, as in now, has already established itself, has already built and closed one pop up store, and appears to be repeating that again now popping up somewhere else, and the two very well educated people you are referring to, are no longer making their own deliveries, but making trips to New York and Miami where they are shortly about to expand to.
Try and keep up.
LOL DTU is a specialist refracking technology.
I don’t think a social media advertising campaign is going to make oil executives go, “hey baby, did you see that, I’m gonna go spend $400,000 on a well refrak right now.”
Brands are launched on social media, they no longer need vast budgets to get started, I doubt we have stockpiled 100,000 bottles of $209 tinctures just waiting to fly out the door, so we aren’t going to be advertising on the Telly or massive monster advertising budgets required.
Christ. Almost as bad as the post saying “can’t see the tincture in the top sellers section of the LeafyQuick website a day after they received the products”
Neither Zoetic or Chill Brands are in online sales overdrive currently, as in on their own websites.
Up until yesterday Chill was only available physically in the stores that they had been distributed to, and Zoetic not at all.
Zoetic is now available online via LeafyQuick, Chill is still not there yet with LeafyQuick as currently being pushed out physically into stores.
As yet the Zoetic and Chill websites aren't fully up, and as such no push from ourselves to generate lots of traffic to the sites.
No point going advertising crazy / pushing everything everywhere if can't click and buy everywhere.
I'd imagine once the sites are fully functional, the online and social media drive/push will come.
With Zoetic's 4 flavoured tincture products physically in the UK already, and now the Gold / Silver tinctures + gel capsules confirmed as physically in Chicago with LeafyQuick things are clearly moving along there.
Chill already in 34 stores (at the last official released count and only a few weeks since products were available) and hopefully, with Ox Distributing pushing to more of the 1,000 odd stores they cover...
I would imagine its only a matter of time before the Zoetic / Chill websites go live to buy on, and more activity will start in the "Official Launch" space.
If you look at LeafyQuick's pictures on Instagram, they are clearly building out a physical location somewhere, either as a physical store, or another pop-up store which they have done before, so possibly a more official Zoetic launch could align with that...
Can't be long now, as the products are clearly at the physical locations they need to be to enable the selling online to commence...
It is obvious we will fail to deliver any results tomorrow, as it’s not possible for us to release an RNS as there has not as yet been a 1 trade.
Would someone please do a 1 trade so we can release our results. This is really important.
So we wait.
What do we know?
Ox Distributing, at last release, had 26 stores, up from 18 for the Chill brand.
Ox also tweeted / teased that Chill was coming soon to Austin Texas.
They distribute to around 1,000 stores.
So smokes, and soon, vapes and chewpacs will be selling and being pushed out by our Colorado based distributer, but already lined up out of state store or stores.
Ox Distributing, or rather the Schrader family subscribed to 1,000,000 shares at 10p.
LeafyQuick, a Chicago based operation providing a same day CBD delivery service to Chicago, along with the same in NYC and Miami, and national sales online, will also stock Chill.
LeafyQuick have a tendency to promote and pop up physically as well as online, and Instagram and twitter hints show a shop and display cases being put together so doesn’t take a genius to see more opportunity there.
LeafyQuick will also stock Zoetic products.
They seem choosey, so selecting our products is good. Chicago has a population around 2.8m people so as an initial same day base thats great.
If the products do well with LeafyQuick, what population NYC for same day service?
Alongside the wholesale USA opportunity with those distributors, we will shortly have our own direct sales platform up for both Zoetic and Chill.
Zoetic has already dispatched tinctures to the UK and we await a) our own direct sales and b) distribution into stores.
Chill and Zoetic have launched their brand pages on Instagram, I believe they look good and expect bigger pushes when products are available online.
But that’s products. No guarantees of course they will all take off, but given distributor confidence in US and stocking rate of stores and more stores for chill, I’m hopeful these will be successful.
As seen on Linked In our hemp plants are growing outdoors. 16 acres were targeted to be planted at a planned density of 2,500 an acre. Hopefully that was the case.
Indoors we have a 33,000 square foot facility, investment in genetics / cloning /and our own gas fertilizer mix to use on sections of plants.
The facility is setup to produce seeds, targeting 500 a plant. I expect plants to be harvested in an ongoing cycle as opposed to 10,000 plants all started together and harvested together, a continuous production line if you like, and I expect somewhere between 30-40k plants a year from indoors, depending how slick operations go.
As for outdoors, intention is to grow to 100 acres next year, although growing itself is likely to be more competitive over time, hence being vertically integrated and have seeds, growing and products.
HNR is in early enough to position itself well. Time will tell of course, no guarantees, but from what I’ve seen of the facility, and the people driving this, it has every chance of being a success.
I believe the chill smokes, one is a herbal smoke with CBD added and is THC free, the other made from Hemp Flower so will have trace of THC.
I also believe that CBD isolate is what we are using so I’m sure it’s pure CBD and THC free.
I think this was one of the points Nick made in his interview about the difference with our products compared to a lot of the rest of the market.
I’ve not seen the back of the Zoetic label bottle but, all will be revealed when the websites go live as again it was mentioned in the interview we will be transparent with all the ingredients and will have all of that sort of stuff on our websites.