We wrote an article on ALQ Gold back in November, after they released information on their acquisition of Tahoe Hydro Corp. a Nevada based Cannabis Cultivation company with a growing footprint.
The company is still halted pending a change of business and all was quiet until just before Xmas when announced they will change their Name to:
They are partnering with Dan Bilzerian
Acquired a stake in Salvation Botanicals
Announced an additional raise of $10M
1) DAN BILZERIAN
A bit about Dan for those of you over the age of 50, he is the The King of Instagram (with over 40 Million followers across social media), Playboy, Professional Poker Player and Banding / Marketing Master.
He has the life that most of us dream about; Young, Rich, Handsome, and always has a flock of lovely ladies at his side. He has build himself as a brand and has an estimated net worth of $150M.
Over 90% of his followers are male and between the ages 18 and 35, the ideal demographic of cannabis users.
He is the real deal and has stated numerous times that he wants to be the “CocaCola of Cannabis”
and now has the right partners in ALQ to deliver!
One thing is for sure, when a professional poker player like Dan pushes his chips in, he wins.
” I am creating the best brand in the cannabis industry, I’ve partnered with Matt Morgan, who has spent the last 10 years building companies like Reef and Tryke from the ground up. I hired a CEO with 30 plus years of experience running multi-billion dollar companies. We have multiple hedge funds behind us, we will spare no expense, cut no corners, and it will show in our products. I’ve never half-assed anything I cared about, everything I do is on the highest level and Ignite is going to top everything I’ve done before. There will be no f***ing around, we are assembling a team of the best growers, extractors, and scientists in the world to ensure consistency, reliability, and the best flowers, edibles, and concentrates money can buy”
2) SALVATION BOTANICALS
A Private Nanaimo BC company, who produce & test high-quality standardized CBD products for LP’s & operates one of few Health Canada Accredited analytics labs. They also have an Industrial Hemp Processing Licence (HPL) and one of few Narcotic Dealer’s Licences.
This company also been granted by Health Canada a permit for production and sale of seed and grain derivatives (hemp protein powder, hulled hemp seeds, protein bars, hemp butter, capsules and cold-pressed hemp oil).
There is also the additional catalyst, should legislation change, where you can extract CBD from Hemp. That will have huge upside potential.
Salvation will be the producer of certain products on behalf of Bilzerian / ALQ to market in Canada in time for the launch of recreational sales and to other global markets.
3) $10 MILLION RAISE
Current Share structure:
Issued and Outstanding: 37M
New Acquisition: 5M
Size of new issue: 10M @ $1.00 with 1/2 warrant at $2.50 for 12 months
Fully Diluted: 52M
Green Axis wants to build the most powerful and successful brands in the cannabis industry worldwide. It appears that they have a good team in place to help launch this company into the stratosphere.
They have a cultivator to grow (Tahoe Hydro)
The producer, tester & extractor (Salvation)
The Marketing and Branding might (Bilzerian).
Solid Management team with experience in the cannabis sector
Expect things to be fast and furious in terms of news flow (additional distribution deals, production partnerships and expansion) when this thing becomes free trading in the new year.
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