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Test Outlook

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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

* In pounds. As of May 11, 2020.
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