Jay Z's luxury cannabis company goes up in smoke after struggling to sell $50 joints; How Jay Z-linked pot company burned $575M in California

[The Intergalactic Koala]

I was actually hoping a camel being near a burning vape shop

 

[Heretic]

hey bro…this shyt is kinda crazy...

Jay-Z and TPCO Restructure Partnership: This Week in Cannabis Investing

Consumer-focused cannabis company TPCO will see significant cost savings thanks to a new deal with Chief Visionary Officer Jay-Z.

www.kiplinger.com

"However, plenty of operators are working very hard to build or rightsize fundamentally sound businesses. The most recent illustration of this is a restructured deal between Jay-Z and TPCO, also known as The Parent Company. As part of the arrangement, Jay-Z, Roc Nation and Monogram will return roughly 7.1 million GRAMF shares, which will help TPCO save around $33.5 million in top-line costs over eight years."




Sounds like Hov/Roc Nation lost AT LEAST 34 million

So did he lose 575 million, 50 million, 34 million or sell it back for a lower loss or were these shares given in exchange for his stake which doesn't tell you what the initial investment was? You posted this originally like he lost almost 600 million. I guarantee you he didn't personally walk away losing no 34 million dollars.

 

[StackorStarve]

$50 a j is retarded. I saw an interview with the real Rick Ross who has a dispensary in Cali too saying that it’s tough right now because Albanians are flooding the market with weed driving the prices down.

Edit: Armenians not Albanians

 

[Heretic]

$50 a j is retarded. I saw an interview with the real Rick Ross who has a dispensary in Cali too saying that it’s tough right now because Albanians are flooding the market with weed driving the prices down.

They running dispensaries out there undercutting these other spots or they on the street with it or both?

 

[☑︎#VoteDemocrat]

Buy a Hov spliff just for 50 bucks just for that shyt to burn uneven. nikka out of touch.

Hov is too good for rap snacks level goods

Bro selling champagne he can’t keep track off and other high end shyt he can’t break into

 

[☑︎#VoteDemocrat]

So did he lose 575 million, 50 million, 34 million or sell it back for a lower loss or were these shares given in exchange for his stake which doesn't tell you what the initial investment was? You posted this originally like he lost almost 600 million. I guarantee you he didn't personally walk away losing no 34 million dollars.

at no point did I think or say he personally lost 500 million…but he was THE singular mascot for this entity and was heavily invested.

Please stop the cap bro. Lets say its not 10%...

...5% of 500 million…is still 25 million. Like, how much more do you want to split this up?

This is a massive waste of money, regardless of what you think.

 

[Heretic]

at no point did I think or say he personally lost 500 million…but he was THE singular mascot for this entity and was heavily invested.

Please stop the cap bro. Lets say its not 10%...

...5% of 500 million…is still 25 million. Like, how much more do you want to split this up?

This is a massive waste of money, regardless of what you think.

Once again, he's 1 person from 1 company that joined 2 other companies that sold stock to get to the amount in the original article. Not to mention he split from said company 2 years ago. You might be right about some of the stuff, I'm not gonna say he didn't lose money but those articles don't hold weight once you read them. He's just the biggest name attached to it.

 

[ISO]

Weed game is super oversaturated

Who was supposed to even be the clientele for this shyt

 

[StackorStarve]

They running dispensaries out there undercutting these other spots or they on the street with it or both?

From what he said they’re supplying the dispensaries with it but just undercutting the other growers so what would have gone for $3,200 a lb is now a $1,000. Which causes problems down the pipeline because now you have even more competition and people can sell it for cheaper.

 

[The Prince of All Saiyans]

Undap me @☑︎#VoteDemocrat

 

[Heretic]

From what he said they’re supplying the dispensaries with it but just undercutting the other growers so what would have gone for $3,200 a lb is now a $1,000. Which causes problems down the pipeline because now you have even more competition and people can sell it for cheaper.

Damn, that's some Amazon type of shyt

 

[Yagirlcheatinonus]

True, except for the fact that he's a billionaire, who made brands like Roc A Fella, Roc Nation, Dusse' S. Carters, 40/40, Tidal. Armand de Brignac, etc into 100M+/billion $ companies.

All he doing is lending his influence to corporations. Jayz not about the culture he’ll show up and perform for Tom Brady and some cacs but not for BET and hip hop 50. Yet most of his nuthuggers come from that crowd. Dude about the bag he’s lending his fame and his influence out and cashing out. Those businesses just use his name as the co-sign. Jayz is basically the bridge between those corporations and the consumer.

 

[MajesticLion]

 

[Hov]

Add his cannabis company to his failed businesses. He’s not a good businessman he’s a good influencer.

This nikka Choke is an idiot

JayZ wouldn’t be the CEO of shyt

Yall think JayZ is operating zoom calls with employees and creating processes and working with HR on health care for his employees?

He’s an investor. And since he is famous he also leverages his name to get hyper marketing for said brands, but that’s about it.

He also owns a lot of brands we don’t talk about or know about. He didn’t mention 40/40…didn’t mention Translation LLC

 

[Standing on business]

imagine paying $200 million for a mansion just because you can while some Indian on the coli has been spouting how horrible you are as a business man for over a decade