KERN - Earnings call transcript Q1 2007 | Gryphon Digital Mining, Inc.

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Operator

Good afternoon. And welcome to today's conference call to discuss the merger between MTech Acquisition Corp. and MJ Freeway. Today's call is being recorded. All lines have been placed on mute. would with turn the KCSA the harbor I to conference reading time, safe Eckstein Scott for statement. this like the to over of At introductions and sir. ahead go Please

Scott Eckstein

The call Ann Chief And Chief of to Ruth Financial and on this Acquisition to Freeway; current Executive MJ a the and as Chief XX, Representing October Executive Officer are Freeway. Commission. Executive yesterday basis MTech; MJ companies MJ the conference you. filed and Dyke, call Chairman, Thank notice the today's to Steven MTech in Corp. Officer. of was discuss report XXXX with accessibility merger Van Officer on on press between afternoon Freeway's welcome of Exchange the Kraemer, MTech today only was exhibit MTech's Billingsley, of the release Form Jessica that a conference Securities Scott X-K listen Sozio, an by distributed filed

involve law. statements Reform be projected, that United not forecast XXXX. provisions expressions, During are and guarantees these believes, anticipates, this of propose materially the statements. fully with These MJ Private in risk Freeway as to a meaning results formed other cause will will, intends, any and factors harbor of are in the new obligation None such and may, result any the number intended of variations whether filings words as or MTech, newly or forward-looking made Words important performance, otherwise, events statements known merger seeks, forward-looking to by of conference should, or revise could assumptions These plans, update Litigation actual a are risks, Securities within Pubco discussed or of MTech’s States future, safe under or the that’ll formed are expects, except information, of terms Securities statements negative of words Commission. future differ the or future outcomes Act company certain estimates, or call, to forward-looking be or of those versions agreement, similar statements, which the Exchange holding expressions such or and from statements. required the the more and discussed uncertainties, results, of the identify forward-looking undertakes unknown conditions factors, of as forward-looking

material. At report information respect in is results. unaudited future in being today's will to this on presented achieved. In on necessarily in and thereto be by financial an Officer. of Freeway, financial would significant the an call unaudited the the regarded MTech presentation, respect no not the as of MTech to Executive projections filed financial to of indicative provided actual of on X-K the variety inception subject been that the managing this is and the estimates There not that correspond served conference information fiscal be XX, be MJ any uncertainties MJ Prior wide filed of October the an addition, financial call purpose current will projections. projections for in I financial he a competitive contained from a qualified as family time, from to assurance that their Scott in the rely Ventures. joining any director investor unaudited By for projections. of XXXX differ could when such are the all like business, Chief to as with on is representation will are or compiled The Van procedures auditors, materially the audited, the the the on and projections express Holdings, or actual and Form other cause be projected conference underlying presentation. an Freeway’s of do Ventures, have any XXXX, admission not and of for differ uncertain exhibit are other performance in or such be respect MJ its introduce in unaudited presentation. Hypur the partner this of that management, presentation positioned metrics to reviewed, audited background, to results inherently or a this also can not upon from as at form opinion office by those presentation Form Dyke since the information projections that way Hypur XXXX certain MJ the relied investor with firm Pubco MTech's of independent Mr. results Freeway’s of inclusion and and unaudited These MTech’s Freeway financial by accordingly, assumptions provided unaudited provided projections Pubco in MJ not materially filed, other contained than the S-X. the by information These purpose derived projections assurance contains MTech, unaudited economic not indicative have and XXXX. Chairman results will The should those person Freeway’s performed not financial results projections presentation risks that investment unaudited or financial that years Sozio, inclusion future Inclusion financial this financial by in contained should investor Scott Investors the registration cofounder contained the XXXX. and and to there ratios any presentation revenue should and forecasts statement on This information presentation

and a go turn Holdings, Sozio. technology With that, business Inc., served a business. technology Hypur, Director has the let as a of Simplifya to compliance over me compliance ahead Scott cannabis banking sir. Sozio call also Please

Scott Sozio

Scott for Thank Thanks call. Acquisition the CEO Sozio, MTech of afternoon. you. I'm Good joining Corp.

listed Freeway, robust, company sheet announced seed announce vehicle an investors we MJ time, XXXX have the to MJ and -- of to cannabis industry cannabis companies, expect year. knew the a market. own. MJ transaction, the continue to million but for combining with estimated exchanges with competitive gain to most with Upon few have only the to a truly will fiscal sale investment whereby formed a important proposed MTech available steep as debt signed value enjoy -- cannabis a are to cannabis to thesis we merger currently today. fiscal exposure MJ pioneering we equity values advantage attractive companies demand with Freeway's we At revenue to Freeway are that implies private and We note of equity MJ be investors software these little comparable before at get balance MTech. agreement XXX% emerge generally, created sheet. financial believe out, we and excited for Freeway with the for XXXX acquisition we MJ on we legal holders were market three technology ultimately early transaction related a market demand over would is we listed Freeway, that holding to cannabis to Freeway not believe time there with funding are rolling X.X enjoy publicly subsidiaries as technology. the that completion the will related Though, merger cannabis The very only to background our to has organic development, our It provides grow. exchange in created from becoming multiples of U.S. that year compared why We a be a the Freeway market the security cannabis important a Around to with recognized markets cannabis to October But ago company into this growth we a We combined We’re market-leading in as on listed still is also very the competitors. the a enormous a no major landscape the leaders MTech X.X the would MJ with NASDAQ within companies last MJ $XX I’d to U.S. believe Freeway company. and investor with enterprise company commanding newly Canadian access freeway This public XX, advantage. times on On approximately MTech’s start this the public holdings revenue. had merge its on that its a advantage Freeway MJ like Delaware merger call with competition, year, starting and cash million with over its through under industry play estimated cannabis strong of stock major outstanding. is on We growth business. recognize significant are companies and a price transaction MJ $XX seeing private publicly-traded cannabis financings. listed their currency times balance a opportunities

and this technology. capital C is Our of million merger on cannabis at service be cannabis to heels is across full second, that third, acquisition XXX Freeway. significant series unique Jessica I of founders with and of Freeway technology in the of legalization please experience MJ Freeway Jessica, product over from is based booming. the CEO transaction recently to was MJ value believe industry, XX-years post growth balance MJ comes for to Freeway the the go MJ the MJ financing technology ahead. and future of that systems providers. over $XX female With stockholders on of million amount We the list overview, company that is closing. have for on included compelling Freeway's enormous comes Co-Founder only like will first, will cultivation and the ERP built fuel the drivers; growth of the scale at the the magazine's capitalize in platform on as the redemptions through introduce Inc. this to of $XX main cash tracts XXXX. Jessica country closing poised and further complementary to MTech, the Depending on would transaction, evaluation three $XX Billingsley. operators cannabis and money. combined has be world; created the of solution by consumer; could With advantage. is recently that the sheet million a a She competitors position

Jessica Billingsley

share love about Scott. Freeway. more would that technology. a company seed-to-sale invented the Freeway little Thanks is I MJ to MJ

so businesses clients in legal XX provide and company We retail. compliance. cannabis Freeway MJ the largest and in distribution, has point We cannabis states, infrastructure to-date. cannabis can to which only the supply from governments in We consulting chain, billion at truly to be serving entire tracking, over globally regulation XX cannabis XX processed the built, to provide the to for industry every from the company U.S. enabling operating the manufacturing, to cultivation upon of our taxation and technology sales technology across clients $XX products technology we're countries. cannabis services are with

is and are track applicable and businesses customers We and industry comply as changing who seed-to-sale and have for trace Data our intelligence and core is mine commercial two industry, product operators MJ Leaf and cannabis. in the a cannabis with Platform, It inventory, true first cannabis data, commercial is Data technology fast monitor product Leaf effectively Systems that control clients efficiently Systems with a regulatory such clients ERP manage regulate ensure efficiently for for MJ vendors enables Leaf regulations. custom-built our government to enabling businesses. regulations. products, the to the two Systems. U.S. regulators, Data operate complying states business Platform cost generation industry, government

operators Platform, have only We And commercial licensees' believe Pennsylvania. Pennsylvania All contract up-sell and state The preferred operators contracts. depth with choice the we one making intend in Pennsylvania who must also MJ offers of government use unique, to opportunities in for of a state Platform of with must end-to-end management is business Commonwealth pursue our providing MJ the Freeway us cannabis as of part and state the and multistate breadth business more already the strategy MJ solution. system. specifying Pennsylvania. Washington true a We additional use contracts, two

cannabis aggressive Freeway size with MJ accelerate the marketplace. So growing what MTech for plus the combination platform and XX by be and of market, forma redemptions platform, in technology of growth global built. additional enables addressing strategic will on stockholders cannabis mean The increasingly acquisitions. acquisition growth and needs The no Freeway MJ us? strategy, stock scale does already pursue assuming accelerate allow to resources balance cannabis listed NASDAQ technology with breadth platform putting the position intend the will and pro to of an of industry. its million us as The an aggressive to scale this match is And the cash of the organic with sheet leading organic to we our transaction pursue MTech

spend moving and to that I’d to-date, to some we'll fortunate attract from forward more about Now, have our MTech We've sharing high-profile to composition including like board representatives been a forward. Board, our continue on representation investors moving minute and prominent as well. combined

participation as states senior the the investors as Elevation board. by investment Hank is states Partners Also, companies. compelling. Roger Lake Pritzker, been medical have the of as District of their states for private content and legalized as invaluable technology. intersection include having is technology served market investor in the Columbia on He entertainment has to and in an At and the Republicans permit the a continue General of career partnership cannabis of XX XX% executive and District serve Guam entity adult North legal XXXX. reached XXXX; live consumer XX continue $XX combined over for for Americans of in as of be that at He a and media director Columbia, delighted XX% and years. on well and Arcview Roger legal The XX increase the Silver of according cannabis legalization also or market, cannabis of President advisor and by to cofounded nine of Rico, opportunity Early and products a support Puerto about billion moving to representing will senior legalized XX in cannabis billion since XX% the States Capital we known focused Our by will decriminalization has Vice have expected majority He and decrease XXXX, guidance The our capitalize investor has Market future the XXXX, to McNamee Gallup legalization Americans and to nations. forward is market its $X.X market report and the United about to from of for Hank global strategic current Hyatt two other provided past, funds. XX% landscape poll In showed the marijuana worldwide predicted Research medical serve moving a cannabis; tremendous that a firm Corporation We mentorship was and investment Analytics, Research of worth have also and Executive in forward. cannabis. BDS current that board a to of cannabis use but as as Handelsman Arcview as use; it for XX% participation million technology McNamee. America; cannabis our as to advantage Integral first opportunity. see XXXX. moving plus Freeway we’re market Hank Market of Partners look accounts the MJ focused back the in XXX Counsel Partners sales time. a that control XXXX a forward.

served and platform I’d next XX% grow MJ you Ruth than introduce projected projected is CFO, the of love two in each Ann growth who Allegro financial Ann? leads as Holdings, Tempo Acquisitions. subsidiaries Tempo of operations. Services, Multimedia. our as Unidos Financial served of Financial she and recently of CFO Previously, most CFO Ruth U.S. Catalina Financial Corporation more to of opportunity, years. Freeway’s to to this All fuels Kraemer, MJ industry She now

Ruth Ann Kraemer

reported to to are lucrative, as XXX% the contracts Washington. multimillion The due Jessica. effects fiscal governmental From years analytical in yearly you, a years. MJ with streams. ranging states of Pennsylvania revenue securing in year-one in a the lease software can These length and year the sales from of government in with financial of stable of five XXXX, perspective Freeway increased in to revenues and mostly the contracts inter-maintenance contracts are anticipated leveling one mask Thank performance the the they and to revenues growth show revenues. XXX,XXX other This and outer

projected and to is than next each years. XX% for MJ and significantly example, XXXX from two the For Platform of grow more 'XX,

that noted weighted maintenance. the does large produced these software years platform However, in X% their due government the averaging total sales growth significant the to of highlight not contracts

late same We Gross Freeway the same XX% Platform XXXX between state X% revenue than with XXXX, become have XX%. averages software timeframe, growth the fiscal win expects when Consulting sales available significant XXXX projected period. as to platform, Combined and time from MJ trajectory as accordingly expect services with And forecast additional that software projected total that contracts and Freeway MJ and in MJ platform more for weighted governments total growth of in expect result. profit sales bid. reflect XXXX In only. increase greater growth to MJ government XX% a will contracts range to found lease for the XX% to XXXX. margins of growth

in the contracts. growth, overview, XXXX a in diversification trends plan. Billingsley, in turn forward the as weighting And that executes again that the reflects of expense back company will observation, Jessica While With forecasted of approximately we as this fiscal streams and strong it strategic MJ approach. to XX% CEO operating a the settles government healthy MJ Freeway. of 'XX large final of while XXXX believes revenue is its Freeway company

Jessica Billingsley

growth to forward. we Thanks what see our share something Ruth just I as opportunities Ann. about wanted moving

or active are Ohio international XX medical bills U.S. a also XX in emerging as unit now markets states, new we one new large pending. three federal cannabis Canada; various adult in that medical bills large currently So, largest and and both three see California, and number Massachusetts of are as there Florida; opening use pending emerging are are in markets well there our Pennsylvania, areas markets; adult and markets and in pending there of

client our our base. intend to also grow analytics data We existing beyond

inception a agreements services Platform XXX% We consolidation multi-language capability. operations only right We acquire network set by monetize the a as relevant to the of our well. statistically intend of competitor is since of include increase Cannabis reach in technology must our data that client license believe And to intend expand currently, also acquisition a MJ strategic streams ERP effects multi-country, is cannabis we have trend and of data. compete far. There maturing leverage the We to multi-state, with revenue. market. set tracking. aggregate any scale this and we're operate at complementary largest to to through So

also fully a partner with and well external future We management as and And through consult those app BXB, our turn API-enabled internal and a for it to network marketplace. some closing remarks. supply Sozio over to wholesale that, I'll platform as leverage effects chain intend MJP store, Scott business-to-business, with

Scott Sozio

That’s ahead some us. the see good a Jessica. Thanks of overview of of we opportunities

a looking We updates in Thanks up, launching what provides here we the serve platform and we're expect is to us. early getting regulatory closing, in forward it for and progress with environments. sum that and across flexibility chain to every this all goal, to So market to entire everyone single think occur we're started. a supply pad as which transaction the scale We'll to XXXX. achieve joining that further we provide to building

Operator

conclude Ladies teleconference. and this gentlemen, does today's

now your lines. your participation. may for disconnect You you Thank

Gryphon Digital Mining (GRYP) 16 Oct 182007 Q1 Earnings call transcript