Monthly Archives: August 2016

CannaTech is a Big Hit

Medical Marijuana remains to be one of the largest disruptive economic forces of the next few years. Weather its the fact that it has already made or big slash or (hit) to markets already such as in Colorado where in the wake of legalization they are making money hand over first and cannot spend the tax revenues fast enough or its the fact that pharmaceutical industry is going to get a big old kick right to the taint when they realize that a lot of people are going to be able to circumvent al it of their services and will be able to make themselves feel fine with something they can grow in their backyard for basically free from paying huge amounts for synthetic drugs. Yes we can safely say that right now the cannibals market is not in its infancy very much, but is doing something it has never been able to do before and that is generate legitimate and legal money. Thus with this being the case so to does it have the ability now to attract some of the top tech talent and from outside of this market to do some thing and one thing only help them make the whole of the cannabis market run like any other supply side economic machine. 

“Having them come out and say, we’re willing to have our name in the same sentence as the word cannabis adds legitimacy of our industry said Kyle Sherman woo is a co founder and CEO of software maker Flowerhub.

There is no doubt that Stigma is a long standing problem for those whoa are trying to run a legitimate business in the cannibal industry and thanks largely to the fact hat marijuana is still federally illegal.

Lets face it there is no doubt that there is going to be much profit potential. Legal can ibis sales alone have brought in 5.4 billion dollars in 2015 and 6.7 billion expected for this year. By 2020 it is going to probably be somewhere in the range of 20 billion dollars. And this is only the beginning. This is going to rival the Dot-Com burst. 

Flowerhub has begun to offer a seed to sale tracking platform that is bringing the tech into the industry like never before. Founded in 1014 in Denver the startup will offer a mobile device for scanning RPID plant tags, a point of sale system for dispensaries and thus a cloud based software as a service platform that’s accessible wail web or ioS . Its still currently serves customers in Alaska Colorado and Oregon, and Washington, because lets face it they are the only big dogs that bark on this block so far, that there are a lot of little pootchies that are about to make the leap to big dog moves soon enough don’t you worry your pretty little heads.

Such has Sherman who has, ” our goal as a company is to legalize cannabis responsibly in North America and eventually the globe through technology, ” regulators need to see that its been to keep cannibal off the black market by making it traceable. We want to show the world this can be done responsibly.”

Tesla to Purchase Solar City

American-based electric vehicle manufacturer Tesla Motors recently announced its plans to purchase solar panel manufacturer SolarCity for $2.6 billion. The deal, which was originally proposed back in June, exemplifies Tesla’s attempt to expand its reach as not only an EV and autonomous driving software developer, but also as a clean energy manufacturer.

tesla“Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world’s only vertically integrated sustainable energy company,” reads the announcement published on Tesla’s website, authored by “The Tesla Team”.

“As one company, Tesla (storage) and SolarCity (solar) can create fully integrated residential, commercial and grid-scale products that improve the way that energy is generated, stored and consumed.”

Elon Musk currently owns 22% of SolarCity; he founded the company and sits on the renewable energy firm’s board of directors. SolarCity’s chief executive, Lyndon Rive, is Elon Musk’s cousin.

“Now is the right time to bring our two companies together,” explains the Tesla Team. “Tesla is getting ready to scale our Powerwall and Powerpack stationary storage products and SolarCity is getting ready to offer next-generation differentiated solar solutions. By joining forces, we can operate more efficiently and fully integrate our products, while providing customers with an aesthetically beautiful and simple one-stop solar + storage experience: one installation, one service contract, one phone app.”

The deal between SolarCity and Tesla allows for the solar panel company to solicit offers from other potential buyers until September 14th, so until that date the deal will not be fully official.

tesla2According to the announcement on Tesla’s website, “Solar and storage are at their best when they’re combined.” While many have criticized a marriage between two companies that have yet to make a profit, Musk described the deal as a “no brainer,” asserting that it could turn Tesla into the “world’s only vertically integrated energy company offering end-to-end clean energy products.”

Financier Jim Chanos publicly criticized the deal, calling it a “shameful example of corporate governance at its worst.” His negative views of the deal are widely shared by many industry experts, whose opinions have led to a considerable fall in the stock values of both companies.

That said, Tesla is not discouraged by the nay-sayers:

“We expect to achieve cost synergies of $150 million in the first full year after closing. We also expect to save customers money by lowering hardware costs, reducing installation costs, improving our manufacturing efficiency and reducing our customer acquisition costs. We will also be able to leverage Tesla’s 190-store retail network and international presence to extend our combined reach.”

The Tesla Team claimed to have done ample research on the deal and cited its sources:

“After comprehensive due diligence in consultation with independent financial and legal advisors, the independent members of the Tesla and SolarCity boards of directors approved their transaction. Tesla’s financial advisor was Evercore and Wachtell, Lipton, Rosen & Katz was its legal advisor. The financial advisor committee of SolarCity’s board of directors was Lazard and its legal advisor was Skadden, Arps, Slate, Meagher & Florm.