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We have no deal
Sharpshooter has no capital to proceed and will be going defunct
"You can claim the loss when you file your taxes" Paul Sidhu
No Opportunity 0 Profit - Just LOSS
Sharpshooter Industries is a Canadian company in the exploding cannabis industry.
Having received a “Confirmation of Readiness for a License” under the ACMPR, the company has applied with Health Canada for 5 licenses:
Produce Cannabis Flower
Sell Cannabis Flower
Produce Cannabis Oils/Extracts
Sell Cannabis Oils/Extracts
Import and Export raw product for extraction
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Exciting Growth Market
Cannabis products became legal for recreational purposes in Canada on October 17, 2018. According to a May, 2018 report by CIBC, the non-medical/recreational marijuana market could generate close to $6.5 billion in retail sales by 2020, exceeding the $5.1 billion that Canadians spent on spirits in 2017 and coming close to the $7 billion spent on wine. By 2024, the size of the recreational market is estimated to be between $6.2 billion and $9.8 billion (source: D. Pearlstein; A. Sutton. (2017). The Value Case for Investing in Cannabis). Since Canada is the first Group of Seven country to legalize the drug for recreational use, it is ideally primed to supply other international markets that are on the cusp of legalizing cannabis as well. For example, Spain, Italy, and Colombia.
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Extracts Are The Difference
What sets Sharpshooter apart is the opportunity to produce and sell the extracts or oils.
Cannabis extract is the raw ingredient for the production of therapeutic creams, CBD drops, vape juices, edibles, infused beverages and other finished products.
Unlike the majority of Licensed Producers, Sharpshooter is one of only a handful of companies in Canada that are/will be licensed to produce and sell extracts or oils.
Not only is there better bioavailability in oils, there’s also more opportunity for innovative finished products.
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Higher Profit Margins
Most importantly, the ability to formulate full spectrum cannabis oils has a valuable combination of significantly higher profit margins and high growth market due to vast product options.
According to engadget.com, “Smoking has been usurped by vaping and edibles as the preferred dosing methods, making the concentrates and oils more valuable commodities than the flowers they're derived from.”
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Vertical Integration For Improved Health
Sharpshooter will be a vertically integrated supplier of pharmaceutical, nutraceutical, topical, edible, beverage and consumable medical and recreational products.
The medicinal benefits can be personalized to a customer’s preference by supplying specific THC and CBD blends and concentrations.