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#Post#: 67242--------------------------------------------------
SIGO
By: Clay Death Date: August 22, 2017, 9:32 am
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Sunset Island Group Targeting 230K Square Feet of Cannabis Grow
Space
9:15 am ET August 3, 2017 (PR Newswire) Print
SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that
they have looked at additional expansion space that's available
and that they are now considering 230,000 square feet of
cannabis grow space.
CEO T.J. Magallanes stated, "We have a very solid plan for
accessing additional capital for expansion that will more than
meet our previously announced expansion plans. With that being
said, as a result of recent discussions with our current lease
holder, it has come to our attention that up to 230K square feet
of additional grow space could become available soon at very
favorable terms. We are strongly considering this option based
on the terms presented. Based on the results of our first
harvest and the overall performance of our team, we are of the
opinion that we should be able to scale up production at a much
quicker pace than originally expected."
CFO Valerie Baugher stated, "Even if we do not immediately put
all of that square footage into production, another
consideration is the permitting and licensing requirements that
will be put into effect across the state of California at the
beginning of next year. Every indication points to less growers
across the state as the legal requirements become more
stringent. Having a surplus of square footage could become an
advantage to us if in fact the demand for product becomes more
than available supply."
Mr. Magallanes went on to say, "We are working out the details
on two more pieces of very exciting news and will share with our
investors in the coming weeks. If both of these come to
fruition, there's no doubt in our minds that investors will be
extremely pleased with their investment in Sunset Island Group."
#Post#: 67243--------------------------------------------------
Re: SIGO
By: Clay Death Date: August 22, 2017, 9:33 am
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Sunset Island Group Announces Three Year Lock-Up Agreement On
Over 90% of All Outstanding Shares
8:00 am ET August 15, 2017 (PR Newswire) Print
SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the
company is executing a formal three year Lock-Up Agreement with
respect to 91.94% of all outstanding shares.
CEO T.J. Magallanes stated, "We are in this for the long haul.
As we expand our operations, we will do so with the focused
mindset of capturing as much market share as possible. In order
to provide one more example of how committed we are to both the
business and the shareholders, Valerie and I will be locking up
our combined 46M shares for the next three years."
CFO Valerie Baugher stated, "With this step, we are reaffirming
to our employees and shareholders that we believe strongly in
the vision of the company. We want everyone involved in the
business end of things to focus strictly on the operation and
not worry about stock value, market cap or anything else
unrelated to building our business and our brand. If we do so,
stock value, market cap, etc. will take care of itself."
Ms. Baugher finished up with, "As mentioned in a previous
release, we will provide updates on our expansion and specific
details on the monthly dividend later this month. As always, we
thank you for your support."
#Post#: 67269--------------------------------------------------
Re: SIGO
By: Swish Date: August 22, 2017, 4:31 pm
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Was looking at this early, going to get in, the price fell so I
sat it out.
Might get a starter tomorrow.
#Post#: 67275--------------------------------------------------
Re: SIGO
By: Clay Death Date: August 22, 2017, 9:08 pm
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[quote author=Swish link=topic=3177.msg67269#msg67269
date=1503437488]
Was looking at this early, going to get in, the price fell so I
sat it out.
Might get a starter tomorrow.
[/quote]
I got around 18,0000 shares now.
I am going to see how this pans out.
I will give it a month or so.
my top pick is INMG.
I have some VDRM. looks like it took a breather today. it may
have been manipulated.
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