ETS lost a big case against Pinnacle this week.
Doors are closed, likely leaving customer high and dry.
Wild times
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Details?
@PinnacleStainless can you comment?
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Looks like ETS defaulted on a promissory note
Pretty lame way to go out after fighting gene pool over patent trolling
So is the only legacy player left @ChangMinXD
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But it looks like they were in trouble from Covid and were barely hanging on. Seems likes pinnacle bailed out ets during Covid. ETs couldn’t recover probably because that gene pool lawsuit was eating into profits, and seems to all fall a part in 2023.
It’s pretty wild that companies that had likely 10s of millions in sales couldn’t really survive more than 10 years in cannabis.
Think of the sales volume ETS, summit, lab society, precision and others that have shut down
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Yeah but what were the sales the last few years?
I feel like everyone saw the growth with cbd and Cali legalizing and it gave them a distorted market view. Then covid.
Who gonna start a company servicing all this old crap and selling extended warranties?
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I seen diamond alchemy and the top secret workshop saying they would service this equipment.
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Bizzy isn’t fully dead yet, but can’t be far off.
BVV had a pretty big booth at NECANN… Somehow.
Illuminated, XD, Decimal, and Prodigy are the only ones selling anything new right now that I know of, maybe Luna?
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They have a huge online store. They sell to a lot of other industries other than cannabis. I’m sure the number of Amazon and eBay sales have gave them good sales leads to expand those relationships further like it has for us.
I’m sure XD is in the same position. Cannabis has such a narrow pool of potential sales opportunities. If you can’t get leads outside of cannabis. Your opportunities are limited.
If you don’t have a way into universities, selling “lab equipment” it’s gonna be a shitty future. 
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It’s such a tough business to be in and have to compete with so much used gear
It will be interesting to see who has booths this year at mjbiz
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I don’t think I’ll ever attend MJBizCon after last year. I did have a large sale materialized from a meeting there but I found 95% of it a waste of time.
All these cannabis conferences feel sleezy. A lot of it’s making me fall outta love with cannabis. Same people. Same companies. Same promises. Same lack luster service.
Every time I see someone story promoting this shit. Patting each other on the back, pretending it’s more than it is. It’s makes me sick. I don’t know if it’s always been this way and im just knees deep in it now now but it’s really weird from a redneck Floridian.
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If they pretend its not over hard enough, maybe things will continue
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Raises Hand
Northern Colorado I do a lot of this kind of work and have flown as far away as Zimbabwe to commission and set up labs, that said I wouldn’t touch selling an extended warranty on equipment I had no hand in design or building/selling though. Other than the lab in Strasburg we shuttered most of this post is still relevant: Hemp/MJ friendly machine shop & electrical services near Denver
No affiliation other than I’ve spoken with them, but Full Spectrum Services was started by former IES employees to take care of those machines since IES closed their doors.
It’s wild to me that as crude, distillate and isolate prices have fallen like a rock much of this equipment is still every bit as inefficient as equipment that was being sold 5 years ago when commodity prices were a lot better. You’d think there would be more focus on efficiency and reducing labor costs, which I guess we see Luna and a couple others focusing on automation but I’ve personally seen very little focusing on trying to reduce huge energy bills needed to extract and refine.
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I thought ETS and Pinnacle joined into one company?
Industry conferences have always been that way to me ha. It’s cool to catch up with friends and meet (maybe) a few cool new people/partners, but most everything else is just Linkedin tier marketing. The more desperate people are getting the more they’re acting like they’re too big for the room. The only industry events I’ve 100% enjoyed are hempcrete focused ones - 90% of people in industry segments like that aren’t under the delusion that they’re going to get rich quick, so that removes most of the BS.
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Whomp lol
Just confirmed the info with Zach as well.. Crazy times.
If anyone needs support with their ETS equipment, Xtractor Depot is happy to assist with replacement parts, optimizations, and more!
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You said it!! ChangMin XD!!! we have already been servicing their equipment, and designing retrofit (upgrade kits) to increase efficiency and throughput on the MEP’s!!
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Subzero is alive and well and was the first to chill solvent and material for extraction over 12 years ago. And we still make it all in Oregon.
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We’re still here kicking ass and taking names
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That’s too bad and I mean that sincerely, American manufacturing is a dying breed in our industry but we’re proud to keep the torch lit. Keep your head down, work hard, be honest, and diversify. We’re not just an extraction manufacturer, we machine and fabricate for several industries and it’s been a blessing.
Felt the need to remind everyone, when you talk about legacy shops, Subzero is one of the first to do it.
Nothing but love and appreciation for all the support over the years.
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