Timeline
EMERALD COAST
HOLDING COMPANY
102
We have successfully completed our "developmental stage", including the formation of our family of companies, establishment of retainer agreements with various professional services, established relationships with real estate brokers and located key properties that are exclusively available to us, performed cost/benefit analysis and long-term income projections for each property, identified our operating costs for the first few years, prioritized the financial order of acquisitions and development for each property, secured bridge loan lenders (if needed), finalized our Private Placement Memorandum, and conducted our first internal company valuations.
Now that we're ready to sell stock, it's time to initiate the "operational stage" of our business plans. This includes leasing an office space in Humboldt County to serve as our base of operations, securing each of the properties on our list, initiating their development as licensed facilities, funding our initial staffing and professional needs, and funding the initial loans to our non-profit cannabis farming companies. We've set the table for our investors to fund our operations for the next few years, as we develop our acquisitions into portfolio assets (providing long-term lease revenues, loan interest revenues and "turn-key" property sale revenues).
We have received an initial loan (as of February 2017), and have just accepted initial investors, as of April 2018. We're now positioned to raise funds through the 2018-2019 cycle, in order to maintain the schedule needed to acquire and develop the initial properties available to us now. As these properties are secured and developed, they will each enter into licensing status and begin to generate revenues, in the order in which they are completed. We anticipate conducting one property flip, per every two long-term lease properties, in order to ensure increasing and reliable profits for the company. Our valuations at this time include 3 year, 5 year and 10 year projections, based on the properties currently available to us.