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Report: #1480108

Complaint Review: Alt Thirty-Six - Phoenix Arizona

  • Submitted:
  • Updated:
  • Reported By: Gabriel Ramos — New York City United States
  • Alt Thirty-Six Phoenix, Arizona United States

Alt Thirty-Six Alt36, Alternate 36, Alternate Thirty Six The small tech start-up Alt Thirty-Six is accused of setting false and deceiving expectations regarding its financing activities failed product launches and Series A funding reports. Phoenix Arizona

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Alt Thirty-Six, which professes to be a first-of-its-kind advanced cannabis payment processor intending to help the cannabis business go cashless, earlier this year reported that it had received $10 Million Dollars in private financing.

This financing as indicated by its organizer Ken Ramirez is intended to "provide us access to the resources we need to help facilitate our vision for one of the fastest growing industries in the country." However, at CWCBE 2019 in New York, the discussion of Alt Thirty-Six wasn't of it's phenomenal, slick internet advertising which Alt Thirty-Six has pushed to reinforce its apparent industry strength, or of its well documented association with the DASH network (which parrots each minor detailed leap forward made by Alt Thirty-Six), no the discussion with many business people and industry insiders was based on two inquiries.

One being "The reason why Alt Thirty-Six has not yet launched it much proclaimed and frequently discussed payments product?", and two "Does anybody know whether they actually received this revealed $10M dollar private investment and if so, what are the issues delaying their often-touted product release dates?"

The organization seems, by all accounts, to be tamping down expectations for its product launch and when asked about the apparent much-hyped $10 Million Dollar investment, the company tends to sidestep the issue with clouded language. Alt Thirty-Six is apparently losing the industry buzz it has created over the course of recent years with its proclamations of it being able to make clear and sweeping industry changes to payment processing and cash handling in the cannabis markets.

At CWCBE NYC 2019, it was openly discussed that Alt Thirty-Six did not in fact, actually receive the subsidizing that it announced and thus, this has caused many in the cannabis industry to question the truthfulness of any Alt Thirty-Six financial filings, official statements and public announcements made regarding its business growth and merchant products.

Likewise, within the expo hall, merchants openly expressed that they had officially proceeded onward to other payment choices like that of Alt Thirty-Six, which are right now working and, available on the market today. While at CWCBE NYC 2019 Alt Thirty-Six in my estimation did not awe the crowds, instead Alt Thirty-Six appears to be unable to answers the numerous inquiries concerning it its absence of a real working payment product and deceiving public reports of closing Series A funding.

Alt Thirty-Six appears to going the way of most oft overly hyped tech start-ups which burn through millions in investors cash, with little or nothing to show for all the hype except the ocassional fake press release. View Related News Category: Technology Region: North America Tags (meta-keywords): cannabis funding, digital payments, alt thirty-six

This report was posted on Ripoff Report on 06/08/2019 10:33 PM and is a permanent record located here: https://www.ripoffreport.com/report/alt-thirtysix/phoenix-arizona-ernate-thirty-1480108. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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