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Sunday, May 29, 2022

Monarch America Inc (OTCMKTS:BTFL) Heats Up

Monarch America Inc (OTCMKTS:BTFL) has been moving up steadily in recent weeks since reversing off $0.0005 lows. The stock has been attracting new shareholders and volume has increased significantly.

BTFL was trading over $0.60 back in December of last year on heavy volume but collapsed from there on heavy dilution.

Monarch America Inc (OTCMKTS:BTFL) bills itself as the nation’s leading, fully integrated, full service management and consulting services provider to the marijuana sector. The Company brings sound management practice, operational systems and strict inventory controls to the most exciting business opportunity of the decade: Recreational and Medical Marijuana Sales.

Earlier this year BTFL announced an exclusive Management Services Agreement with Greensky Inc. a company establishing a marijuana cultivation operation in Colorado. Greensky is currently near completion of a new state-of-the-art 28,000 sq. ft. indoor medical and recreational marijuana grow facility designed and engineered by Monarch America. The Company anticipates that construction at the Denver location will be completed within 2-3 weeks with the required licenses and permits transferred to the location within 30 days.

As per the Agreement, Monarch America will oversee and manage all facets of cultivation, distribution, and operations relating, directly and indirectly, to both medicinal and recreational marijuana and marijuana related products, including but not limited to, growing, property management, technology and equipment leasing, inventory control, staffing, logistical services, and day-to-day operational management. The exclusive Agreement is for a term of three (3) years.

CEO Eric Hagen said ”Our team has been working closely with Greensky on their state-of-the-art grow facility for several months already. I’m confident that with the design and engineering assistance from Monarch America, and the expertise and equipment supplied by our The Big Tomato division, the Greensky facility will be second to none.”

BTFL other divisions include The Big Tomato, Inc., a wholly owned subsidiary of BTFL that is a leading supplier of hydroponics & indoor gardening supplies for Denver, Colorado and the surrounding communities since May of 2001. The Big Tomato provides thousands of indoor gardeners and commercial growers with top quality hydroponic supplies including grow boxes, grow lights, hydroponic systems, ballasts, bulbs, nutrients and additives, and other high-end hydroponic and gardening items.at the best prices.

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On September 1 BTFL announced it has signed a Letter-of-Intent with the Passamaquoddy Tribe, a federally recognized tribe in the state of Maine, for the design, construction, and development of a proposed state-of-the-art marijuana cultivation facility on sovereign Passamaquoddy Tribal Trust Land.

As per the LOI, the parties intend to execute a Management Consulting agreement under which Monarch America will design, engineer, and build out an existing 35,000 sq. ft. structure located on Passamaquoddy Tribal Trust Land for marijuana cultivation. In addition, Monarch America will oversee and consult regarding all facets of the marijuana operation, including property management, technology and equipment purchasing, inventory control, staffing, and day-to-day operational management.

BTFL CEO Eric Hagen said “Partnering with the Passamaquoddy Tribe to help create the first legal marijuana cultivation operation on sovereign tribal land in Maine would literally make Monarch America one of only a few coast-to-coast cannabis consulting and advisory businesses in the country. We look forward to utilizing our constantly expanding design and operational expertise to assist the Passamaquoddy Tribe to build and maintain a thriving marijuana focused business, increase economic diversity and stability, and create many important new jobs for the tribe and its many members.”

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Currently moving up steadily in sub penny land BTFL has strengthened their balance sheet significantly in recent months however they still carry over 2 million in debt that led to significant dilution at the end of last year.. Revenue growth has been impressive with BTFL reporting $1,322,466 for the 3 months ended September 30, 2015 up from $799,071   for the same period last year. BTFL also benefits from being in the booming pot sector which has gotten a boost in recent months as a number of new states look to legalize. We will be updating on BTFL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BTFL.

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Disclosure: we hold no position in BTFL either long or short and we have not been compensated for this article.

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