Post date: Dec 13, 2017 3:10:21 PM
Mr. Hoch,
Please see the below link to Silver Therapeutic's submitted application materials. Please be advised that a few things have changed since I submitted the Phase II application. First, our initial CFO, William Bischoff, died tragically in a car crash last September. He is being replaced by Brendan McKee, who you met last night. We've also changed our the "person in charge of cultivation" to Joshua Ferranto. These personnel changes will be disclosed to the DPH as an amendment to the Phase II that I will submit along with the completed Phase III application materials.
Second, the Phase II application states that there are no "interested party transactions". As discussed at the meeting last night, we will be forming a for-profit management company that will enter into a management agreement with Silver Therapeutics. This will also be disclosed to the DPH with our amended Phase II application.
Link to DPH website: http://www.mass.gov/eohhs/gov/departments/dph/programs/hcq/medical-marijuana/2015-applicants-kz.html
I am also attaching our projected annual sales figures. These were provided to us by the Marijuana Policy Group from Denver, Colorado. The sales figures were calculated by multiplying the population within a certain radius of the proposed dispensary by the percentage of people that tend to use medical and recreational marijuana in states where both are legal. We have prepared an in-depth market analysis of our proposed location, but I hope the board will understand that it contains proprietary information that we would prefer to keep confidential at this time.
Lastly, I am attaching correspondence from the DPH confirming that our Phase II application was accepted. Since the acceptance occurred after the DPH updated its website, the approval letter does not show up on the link I provided.
If you have any questions regarding the above, please do not hesitate to contact me.
Regards,
Joshua Silver