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USE OF FUNDS
BUYBACK ACCELERATOR
We are committed to ensuring the success of our blockchain rewards program. As part of this effort, we plan to allocate $40,000 towards supporting the program, providing added value and incentives to our users. Additionally, our token agreement requires EMTRI to perform token buybacks, which serve as a form of liquidity, reducing the token supply and ultimately raising the value of the token. By allocating funds towards fulfilling this buyback obligation, we aim to increase investor confidence in our token and establish a strong foundation for its growth in the market.”
USE OF FUNDS
APP BUILD & DEPLOYMENT
The purpose of this app is to function as a self-sufficient portal for our farming members to access their personal DApps and verify EMTRI blocks.
We have scheduled the launch of the EMTRI branded app on April 20, 2023, coinciding with the official cannabis holiday known as 420. This launch will activate scheduled payments that are derived from a percentage revenue share off the wholesale price of dry harvest grams that are sold to distribution.
USE OF FUNDS
SECURE COMMODITY
The next use of our funds will be to allocate $220,000 to secure our intake of 100,000 grams per month. We understand that some of our farming members may not be able to wait for their crops to be sold through our ecosystem and may require immediate access to funds. These members may prefer to receive a lower rate per gram.
Within our ecosystem, we guarantee each farming member $2.2 per gram for attesting to their grow methods on the blockchain.
However, this payment is only made after the cannabis product has been sold. Therefore, we believe that having funds available to purchase crops at a lower rate when necessary will ensure that our supply chain is never interrupted due to a lack of crops or a farmer’s urgent need for cash due to personal matters.
USE OF FUNDS
PROPERTY & LICENSES
Our next agenda item for the use of funds is the creation of what we call the “EMTRI BANK.” To achieve this, EMTRI will allocate $1.5 million dollars towards the purchase of a 6000 square feet commercial building located in North Hollywood, along with three cannabis licenses. The licenses include one for Distribution, another for Manufacturing & Processing, and a third for a non-storefront delivery license. These licenses will all be housed at the purchased location as separate deals.
Of the $1.5 million dollars, $1 million will serve as a down payment and cover closing costs, while the remaining $500,000 will be used as a cash purchase for the three cannabis licenses. The proposed location has been referred to as the “EMTRI Bank” because all regulated transactions will be performed at both the distribution and retail level. By purchasing this building, we can control the lease amounts that we charge to our LLC’s, and also have complete control over the supply chain from top to bottom, ensuring efficient sourcing of products to protect the integrity of the blockchain.
USE OF FUNDS
OP EX
EMTRI has been self-funded thus far, however, to ensure stability and continued growth, we must secure additional funds. Our remaining funds, totaling $140,000, will be allocated towards covering company and subsidiary operations and expenditures. We have identified areas where we can optimize our spending, while maintaining high levels of quality and efficiency. Our marketing and advertising expenses have been meticulously planned, in order to maximize reach and impact, while minimizing costs.
We are continuously monitoring and adjusting our expenses, to ensure that we remain within budget and are on track to achieve our goals.
With these measures in place, we are confident in our ability to effectively manage our operating expenses, and continue to drive growth and success for EMTRI.