Topic: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit - page 19. (Read 66328 times)

How many? What's the overall yield, what was lost etc.? I demand facts .... and more sweet pictures.

The only source of knowledge is experience.

Thanks for the update.

Feb 2014 - Week 8 Update

The operators have finished drying and trimming the harvest from the first garden. The buds are now entering the curing process where they are put into jars with airtight lids to prevent mold growth. During this process the jars are opened every 12-24 hours to allow the fresh air. The curing process usually takes anywhere between 1-2 weeks and then the whole process will be completed. The end product will be ready to move along the supply chain into the network of stores we work with.

The harvest from this garden had a mold issue that affected some of the plants. Mold issue is one of the main problems that growers experience. Growth of molds is a serious issue and we were able to remove some of the infected parts of the plants. When the plant is infected with molds, there is no cure for it. What you can do is to remove the infected parts. Molds are sometimes difficult to detect. The best way is to prevent its growth from the beginning. Mold grows when the temperature and humidity is not properly maintained in the garden as well as over-watering the plants.

This is definitely not good news but we feel that this is a part of the learning process while having the operators perfect the craft while going through the cycles. We have addressed this issue to help prevent mold issues in the future. There are certain steps that will be taken cautiously to make sure this is not a problem for all the gardens that Cannabit has invested in. Thank you for your patience and understanding while we overcome obstacles and continue to push forward in the right direction.

Wow and your not an asshole.

Please don't buy a domain from this guy, if you do he wins and if you don't then he loses out on all the cash he spent to acquire those and doesn't make a profit. Make him lose out on the cash, domain squatters are almost as low on my list as patent squatters.

I feel the same way. Just think of this investment has a regular investment but Bitcoin is the method that you are able to invest. If you value the investment in fiat where you invest and get a return in fiat then it is a great hedge as BTC value drops.

On a side note, we are now working with a wax maker and will connect our growers to the wax maker in order to turn some of the flowers into wax. Meeting with many store owners in the area, they are looking to expand into more wax products as they see it is the future.

Assuming that the ventures are profitable, it can be a hedge against a falling BTC/USD rate. It's a good idea to diversify between securities with pure BTC exposure and some with fiat exposure as well.

For me its a way to be bitcoin and cryptocurrency independent. I mean practically all investments here depend on the bitcoin. In case the bitcoin crashes or they try to forbid it this would be an investment that would still stay alive... i think doing a bit of this risk management is no bad idea.

My initial thought was "meh, how can a fiat based operation create nice returns, if the Bitcoin rally continues". Given the fact that the opposite became reality and coins are cheaper now, I guess Cannabit shareholders should be happy?

The Solarstorms are awesome. They are actually the optimal setup but they are just too expensive compared to the HPS setup. I have heard good things about plasma lights as well. Hopefully prices for LED lights will come down in the future. Aside from the price point i would recommend others to go the LED route if possible.

Hey just curious as to how you like those Solarstorms vs HPS

The domains (below) are owned by me and are for sale...if interested message me. Thanks.

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Excellent news, now is a great time to invest and take advantage of the low stock cost IMO.

We have not updated the first post on the thread but we might start updating the front page when there is a major change to the security or the direction of where we want to go. In a few months we want to be able to be a little more hands off with our growers. Once we can free up some resorces we would like to start working with potential partners and focus on opening retail outlets. This way we can connect both the growers to the retailers by building relationships where we can advise our partners from start to finish. We hope to start expanding into that direction mid 2014. We eventually want to be able to have a presence in every part of the supply chain. The number one priority is to establish and maintain our relationships with our partners and bring a high quality product to the market.

Do you update the front page in regards to the size of your company i.e. where you stand, where you want to be in a couple of months etc.?

Everything looks pretty tasty. The updates are great, looking forward to the next one.

nice thnx 4 the updates.

Feb 2014 - Week 6 Update



http://imgur.com/a/N5HMr

Another update with progress on what is going on. Here are pictures of the first batch of plants drying. The plants are currently drying for the next week. After the drying process is complete, the plants will be trimmed then cured for about 2 weeks. The curing process is the most important stage in producing a quality product. Here is a little bit of information on curing.

The process of curing promotes the slow decarboxylation of oxygen molecules from the THC present in the bud; this will increase the psychoactive properties, making the weed more potent. The curing process also means that moisture levels will be consistent across the entire bud, giving you a much smoother smoke and a more even burn.

The last two pictures are of clones that will be moved from vegging to flowering stages in the following weeks. We will be fully maximizing the potential of all the operational gardens which we are very excited about. Our plan is to advise our partners to go fully organic (nutrients) and focusing more on the quality of the end product. We are constantly testing out new methods of growing and researching new ways to achieve a superior product. The next several months for this project will be very interesting. Thank you for your support. Please feel free to PM me if you have any questions.

Yes, the project is definitely moving along nicely. In regards to dividends we are expecting to pay out the first dividend towards the end of Feb. That is the rough estimate that we have at the moment. Thanks.

Project looks to be going nicely. But something I think many of us are really interested in is the dividends.

Can we get a rough estimate on when we might expect our first dividend?

Nice updates!

With regards to funds provided to legal marijuana farms and dispensaries, are you providing lines of credit or do you hold equity stake in these ventures?

Are you able to disclose the current amount of capital invested in these ventures?