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However, their projected timelines for the development and profitability of their properties seem premature, given the backlog of license applications throughout the State, and the lack of availability of engineers and other professional services in California caused by recent natural disasters.
Emerald Coast Holding Company is better positioned to offer long-term growth, because we maintain a family of companies, acting in tandem to guarantee lease revenues, and to develop uniform farming practices and product branding. Because all of our partnerships are under one umbrella, our overhead is reduced, our business practices are uniform, and our brand literally expands with every new acquisition.
However, their real estate packages seem to be limited to Property Flips, with little to no emphasis on cannabis product branding, and no additional revenue streams, besides their consultation services. Also, their consultation services are well rounded, but the package deals they offer seem to be under-priced.
The revenue streams available to Emerald Coast Holding Company include several additional packages, and ECHC retains ultimate ownership and control of every property that we develop (excepting those that we Flip). And, our upcoming acquisition of Full Circle Cannabis Consultations will offer similarly valuable start-up services to the cannabis industry, at rates that are more comparable to the work loads required to successfully launch a new business in California's cannabis sector.
However, they are based out of Canada, and their stock is publicly traded, which means they are not well positioned to take full advantage of the opportunities present in California, because they are subjected to far more scrutiny and limitations imposed by federal regulators, and they're not as familiar with Calif. regulations.
As our base of operations is in California, Emerald Coast Holding Company is better positioned to acquire and develop more properties within California, due to the extensive contacts available to our directors, and the extent of our combined experiences within California's cannabis industry. Our privately held stock also affords greater anonymity to our investors, with far less red tape than publicly traded companies in this industry are subjected to.