POSTED MAY 1, 2023
A while back in late 2022, we entered into an agreement with the largest marijuana grower in Canada and were excited to be working out the details of the agreement when … yup, they went into a financial meltdown and needed to restructure. We were thrown under the bus.
Then earlier this year, we entered into a new agreement with that other big producer in Canada and …. yup they were the ones who also went into creditor protection and our deal died.
So at this point we are back at square one. We have both taken jobs at bars (well Willi is at a bar and I am in a kitchen job) and we are seriously considering throwing in the towel on Joint Custody Weed. All of our resources are gone, and while we have had a number of encouraging responses on the concept, its not clear at this point with our capital drained, how we can proceed in an industry that is going through such a shakeout.
We have considered a go-fund-me approach but neither of us are keen to take other peoples money if we cant get this off the ground. But I remain an optimist. At this point we don’t have any capital left but the lawyers and tax people and financial advisors have all been paid so we are at a clean starting point from the standpoint of the regulators if we can magically get this off the ground again. Each week Willi is buying a lottery ticket!
Alco