well this is a forum and I am open to the opinion of others.
My theory is that Varm Cosmo/Cava Labs is a one man show and hollow company.
Why?
A quick google search of Varma Cosmo yields results that only points to one bloke, Mr JungYoong Hwang (or JY Hwang)
https://www.businessnews.com.au/article/MGC-stock-doubles-on-back-of-Korean-medical-marijuana-deal
https://www.dailymarijuanaobserver....rijuana-Stock-Up-100-on-Korean-Cosmetics-Deal
https://*********.com.au/mgc-pharmaceuticals-supply-cannabis-cosmetics/
isn't it strange that the US CEO or other Directors isn't mentioned in ANY news at all? A LinkedIn page does not even exist for the company itself, neither for any employees mentioned over here, http://www.varmcosmo.com/about-1/
A cosmetic company that is able to sign a $40million deal does not even have a single footprint online? I have yet to do a search within South Korean news outlets or social media regarding this company due to the language barrier.
To my knowledge, Cava Labs and Varma Cosmo should share the same offices. (I could be wrong about this?) But nope, the website shows different offices which are located above restaurants in the same suburb.
http://www.varmcosmo.com/contact-us/
https://www.cavalabs.com/new-page/
And I don't understand why Cava Labs products are uploaded in JungYoong's own personal YouTube account??
https://www.youtube.com/channel/UCfkijXeaaDTBjb9BnAcHEDQ
Based on JungYoong's CV which is posted over here, https://www.behance.net/NIKK_Y/resume
he is supposedly based in Cali but if you head over to his Instagram, I don't see any of his location which are posted out of Seoul. Just to add on, why does he keep posting graphic design related hashtags instead of health or 420 related hashtags like other MM firms in his Instagram?
This guy better be a son of Samsung top execs to be able to cough out the deposit. MXC is a solid company but this deal could go either ways..
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