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DOUG WASSON
President & CEO
Kinco Constructors
Little Rock and Springdale
What is the outlook for your company in the next six months?
I think I’d probably address that on a couple of fronts: One is how we’re servicing and interacting with clients. We manage large sums of money for lots of families, and so, obviously, with all the chaos in the markets, we’ve had more communication and more interaction. But where I tend to meet face-to-face with a lot of our clients — particularly the ones here in Little Rock — we’ve been doing much more on the telephone and we’ve also been using some of the technologies like Zoom and WebEx. Over the next several months, I probably expect for the older clientele to communicate more via telephone, as opposed to face-to-face.
The other is really with all of the companies that we have to work with to service our clients. Charles Schwab is our primary custodian, and prior to this outbreak they worked in large office complexes in teams. They employ thousands and probably tens of thousands, and the significant majority of them are working remotely. So one of the changes that we have already seen, and I think it’s going to continue, is slower processing times.
The basic functions like wiring money in and out, virtually zero change because most of that is done electronically. But opening accounts and getting paperwork that a person processes, it’s probably gone from same-day or 24 hours to 48 to 72 hours. And I would expect that to remain like that until they’re back with the bulk of their staff working from office space. We also work with several of the largest life insurance companies in the country and we’ve noticed something very similar. When we were submitting an application to issue a policy, it might have taken three or four days before; it’s taking one to two weeks now.

DOUG WASSON
President & CEO
Kinco Constructors
Little Rock and Springdale
What is the outlook for your company in the next six months?
I think I’d probably address that on a couple of fronts: One is how we’re servicing and interacting with clients. We manage large sums of money for lots of families, and so, obviously, with all the chaos in the markets, we’ve had more communication and more interaction. But where I tend to meet face-to-face with a lot of our clients — particularly the ones here in Little Rock — we’ve been doing much more on the telephone and we’ve also been using some of the technologies like Zoom and WebEx. Over the next several months, I probably expect for the older clientele to communicate more via telephone, as opposed to face-to-face.
The other is really with all of the companies that we have to work with to service our clients. Charles Schwab is our primary custodian, and prior to this outbreak they worked in large office complexes in teams. They employ thousands and probably tens of thousands, and the significant majority of them are working remotely. So one of the changes that we have already seen, and I think it’s going to continue, is slower processing times.
DISPENSARY |
LOCATION |
OPENING DATE |
TOTAL SOLD* |
Green Springs Medical |
Hot Springs |
May 12, 2019 |
2,303.78 |
The Releaf Center |
Bentonville |
Aug. 7, 2019 |
1,316.76 |
Acanza |
Fayetteville |
Sept. 14, 2019 |
997.16 |
The Source |
Bentonville |
Aug. 15, 2019 |
977.73 |
Native Green Wellness |
Hensley |
July 2, 2019 |
916.18 |
Harvest |
Conway |
Oct. 11, 2019 |
860.64 |
Fiddler’s Green |
Mountain View |
July 11, 2019 |
852.15 |
Suite 443 |
Hot Springs |
May 10, 2019 |
586.32 |
NEA Full Spectrum |
Brookland |
Dec. 9, 2019 |
511.02 |
Purspirit Cannabis |
Fayetteville |
Nov. 20, 2019 |
494.98 |
Greenlight Dispensary |
Helena |
June 27, 2019 |
355 |
Fort Cannabis |
Fort Smith |
Dec. 18, 2019 |
431.16 |
Arkansas Natural Products |
Clinton |
June 20, 2019 |
334.25 |
Plant Family Therapeutics |
Mountain Home |
Feb. 3, 2020 |
307.57 |
Natural Relief Dispensary |
Sherwood |
March 17, 2020 |
230.59 |
420 Dispensary |
Russellville |
Dec. 17, 2019 |
204.28 |
Red River Remedy |
Texarkana |
Jan. 10, 2020 |
124.71 |
Harvest House of Cannabis |
Little Rock |
Feb. 14, 2020 |
105.3 |
Custom Cannabis |
Alexander |
March 5, 2020 |
69.27 |
Herbology |
Little Rock |
Feb. 26, 2020 |
39.48 |
Bloom Medicinals |
Texarkana |
Jan. 15, 2020 |
38.32 |
Body and Mind Dispensary |
West Memphis |
April 27, 2020 |
7.75 |