CI: What would be a growers estimated total start-up costs be with 500 North 3RD St., LLC and without 500 North 3RD St., LLC?
Pete: 500 N 3rd St is a real estate company so we cannot comment on the economic data for a separate medical marijuana business. We are offering ready to use location for a grower processor to provide those answer at a later time.
CI: Do you have any competitors?
Pete: We are a real estate business. We believe we have a prime location. The real estate market is large.
CI: What advantages do you have over your competitors?
Pete: Size, location, low amount of debt, verbal pre-approvals from local city council members who also already approved other similar permits in the same township.
CI: What are your major hurdles and obstacles?
Pete: Finding a qualified grower processor.
CI: Do you plan on scaling the platform beyond this one location?
Pete: We own a single building at this time. We may in the future acquire other properties.
CI: What previous experience does management have to assist 500 North 3RD St., LLC in executing on its business plan strategy?
Pete: I have been involved in real estate and real estate investing for 11 years. The profit is from a simple triple net lease so if a tenant is found we expect the model to produce a profit.
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