KTEC Investors, A Message from Joe Cleghorn

KETC Investors, I wanted to reach out to all of our KTEC partners and let them know we really appreciate your overwhelming support of us and our efforts to protect all of our principal investments. We have only 30 days for you to secure your KTEC membership units' (stock) if you haven’t already done so, please contact me (Joe Cleghorn) by email ASAP, and the email is info@KTEC.llc. Scott Esser will no longer be with KTEC as he is moving on to another opportunity. Also, James Woodend (Woody) is now the CEO of KTEC and American Cannabis and I will be serving as chairman of the advisory board for both companies. CRDX is out of business as of 12-31-2025 and it has no officers or assets, just liabilities. CRDX had contracts on 5 dispensaries, now KTEC owns these 5 contracts and that is what we are focusing on. In addition, KTEC has LOIs on 2 new locations in Colorado Springs which is the hottest new market in Colorado. CRDX defaulted on 4 farm contracts with my company Southern Colorado Real Estate Developers. We are getting completely out of the farming business except for Kingpin farms and Woody's farms. KTEC has LOI’s on this 40-acre parcel that houses both of these businesses and will monitor this situation carefully as the cultivation business is high risk and the majority of people that have been on the farming side of this industry are out of business. CRDX defaulted on several development deals and left my companies in a very poor position. 5555 Dalhia in commerce city was defaulted on by CRDX for not providing the funds. I had a personal guarantee with Tebo Properties, so just this week I had to pay $500,000 towards this project to keep our relationship in order with Steven Tebo. CRDX also defaulted on the contract with Namco (Joe Namath’s company) and The USA Hemp Store. I funded approximately $1,000,000 for this project and I still believe we have some great products. Broadway Joe's Pain Cream is being sold at the dispensaries, and we still have a great relationship with Namco although CRDX owes them millions of dollars. So, in summary CRDX owned contracts and one parcel of real estate that has $2,000,000 of loans on it that I (Joe Cleghorn) personally guaranteed for CRDX which are all in default as we speak. Ironically, this is not the biggest problem we have faced this last year. In April of 2025 recreational cannabis was approved for Colorado Springs, and it absolutely crushed our flagship dispensary in Pueblo Colorado.  We lost approximately 50% of our business from $900,000 per month to $450,000 per month within 45 days of Colorado Springs going recreational. Our flagship dispensary at I-25 had to contend with massive layoffs and cut expenses drastically. James Woody Woodend made the first huge move last year by taking himself completely off the payroll and he hasn’t been paid since, but he saved the company. The other major issue is rescheduling of cannabis and eliminating the 280E federal tax code. Medicinal cannabis had been rescheduled, however recreational cannabis has not been rescheduled as of yet. What this means is recreational cannabis cannot write off expenses for selling its products as the federal government's classification on cannabis is illegal. Cannabis dispensaries will never turn a real profit until this is changed by rescheduling recreational cannabis. With this said, we have the vehicle to take the cannabis companies public through American Cannabis when the timing is right. We have a dispensary chain which will do approximately $15,000,000 to $20,000,000 in annual sales and our plan is to share in the profits through KTEC at the end of this year (end of 1st quarter of 2027) provided that we have profits through KTEC to share. 
With all that said, I want everyone to know that I (Joe Cleghorn) was never an officer or a board member with CRDX. I am a venture capitalist that put up a $2,000,000 creditline which was defaulted on. I have created KTEC to buy a new public company (AMMJ) so we can protect our initial investment. I am an investor just like everyone else.

I want to thank everyone for their time and attention. Please feel free to email me any questions in the future and I will get back with you as soon as possible.

Regards,

Joe Cleghorn

info@KTEC.llc