Wednesday, March 12, 2014 3:43:42 PM
The company's CEO is Greg Wilson. I've known him most of my life, as he's someone I met shortly after university. A couple of years ago we reunited, and I introduced him to Dr. Michael Stocker – the CEO of a private biotech company I invested in and provided consulting services to.
When Greg developed the idea of building a global cannabis company, Dr. Stocker was quick to see the potential. Soon the three of us were strategizing about developing a world-class company that could maximize the marijuana trend while minimizing any downside risk exposure.
The network between Vida Cannabis, Biologix Hair and High Alert
John Brannen
Published on March 11, 2014
http://www.ngnews.ca/News/Local/2014-03-11/article-3644864/The-network-between-Vida-Cannabis,-Biologix-Hair-and-High-Alert/1
After announcing its intention to purchase the Clairtone building and set up a medicinal marijuana production plant, Vida Cannabis has been busy assembling its team of financial professionals and advisers.
This table from Firethorn Research, LLC, a due diligence-based equity research firm, shows how Biologix Hair has decreased in value. FIRETHORN RESEARCH
Most of those appointed to Vida’s board of directors also work with High Alert Capital Investments, which is providing a $1 million line of credit, or Biologix Hair, a biotech company also funded by High Alert.
Some of the appointees and management at Vida Cannabis have had questionable financial practices.
J. (James) Gregory Wilson, chief executive officer of Vida Cannabis, who is living in Ontario, is also Chief Financial Officer of Biologix Hair, a biotech company that sells patent-pending hair loss prevention and regeneration treatment, and which is also a client of High Alert Capital Investments.
In 1998, a James Gregory Wilson was disciplined by the Investment Dealers Association of Canada. According to the IDA, Wilson effected the purchase of 6,500 shares in the account of a client without the prior knowledge or authorization of the client and without the account being designated as a discretionary account. He received a $5,000 fine, was required to re-write CPH exam and required to pay $1,000 towards the costs of the investigation.
While Wilson confirmed membership in the IDA, he said that they never disciplined him and that it must have been someone else with the same name. The Investment Industry Regulatory Organization of Canada (IIROC), the successor organization to the IDA, found only one James Gregory Wilson with membership in the organization in Ontario.
Dan Hunter, director of corporate finance for High Alert, was recently named to Vida Cannabis’s board of directors. He is also the chief operating officer for Biologix Hair.
Hunter and his brother David were parties of interest in a Securities and Exchange Commission (SEC) probe of the 1991-1993 promotion of Dimples Group, a Toronto-based diaper company. In 1995, Brent Mudry of Stockwatch also reported an alleged fraud and stock manipulation scheme involving Ultra Pure Water Systems, of which the Hunter brothers played an introductory role leading to Ultra Pure's formation. Mudry reported that a total of seven brokerage firms were left with $2.36 million in unpaid debits when the stock was halted in the middle of its promotion last spring, according to a detailed Alberta Stock Exchange investigation.
David Hoang, chief trading officer for High Alert Capital Investments, was fined $25,000 by the Investment Industry Regulatory Organization of Canada (IIROC) after failing to attend an interview to answer questions regarding an IIROC investigation into his actions.
While Anthony Wile, Chief Investment Officer of High Alert, said Biologix Hair is doing well and continuing to advance, not all are so confident. Firethorn Research, LLC, a due diligence-based equity research firm suggested in June 2013 that Biologix Hair was a fraud.
At that time, Biologix had a $261 million market cap and was trading at $3.35 but after the article was posted, Biologix Hair chose to delist from the Over-the-Counter (OTC) Market and voluntarily suspended SEC reporting. According to Firethorn, Biologix has since fallen 95 per cent and has now has a $10 million market cap.
http://www.ngnews.ca/News/Local/2014-03-11/article-3644864/The-network-between-Vida-Cannabis,-Biologix-Hair-and-High-Alert/1
When Greg developed the idea of building a global cannabis company, Dr. Stocker was quick to see the potential. Soon the three of us were strategizing about developing a world-class company that could maximize the marijuana trend while minimizing any downside risk exposure.
The network between Vida Cannabis, Biologix Hair and High Alert
John Brannen
Published on March 11, 2014
http://www.ngnews.ca/News/Local/2014-03-11/article-3644864/The-network-between-Vida-Cannabis,-Biologix-Hair-and-High-Alert/1
After announcing its intention to purchase the Clairtone building and set up a medicinal marijuana production plant, Vida Cannabis has been busy assembling its team of financial professionals and advisers.
This table from Firethorn Research, LLC, a due diligence-based equity research firm, shows how Biologix Hair has decreased in value. FIRETHORN RESEARCH
Most of those appointed to Vida’s board of directors also work with High Alert Capital Investments, which is providing a $1 million line of credit, or Biologix Hair, a biotech company also funded by High Alert.
Some of the appointees and management at Vida Cannabis have had questionable financial practices.
J. (James) Gregory Wilson, chief executive officer of Vida Cannabis, who is living in Ontario, is also Chief Financial Officer of Biologix Hair, a biotech company that sells patent-pending hair loss prevention and regeneration treatment, and which is also a client of High Alert Capital Investments.
In 1998, a James Gregory Wilson was disciplined by the Investment Dealers Association of Canada. According to the IDA, Wilson effected the purchase of 6,500 shares in the account of a client without the prior knowledge or authorization of the client and without the account being designated as a discretionary account. He received a $5,000 fine, was required to re-write CPH exam and required to pay $1,000 towards the costs of the investigation.
While Wilson confirmed membership in the IDA, he said that they never disciplined him and that it must have been someone else with the same name. The Investment Industry Regulatory Organization of Canada (IIROC), the successor organization to the IDA, found only one James Gregory Wilson with membership in the organization in Ontario.
Dan Hunter, director of corporate finance for High Alert, was recently named to Vida Cannabis’s board of directors. He is also the chief operating officer for Biologix Hair.
Hunter and his brother David were parties of interest in a Securities and Exchange Commission (SEC) probe of the 1991-1993 promotion of Dimples Group, a Toronto-based diaper company. In 1995, Brent Mudry of Stockwatch also reported an alleged fraud and stock manipulation scheme involving Ultra Pure Water Systems, of which the Hunter brothers played an introductory role leading to Ultra Pure's formation. Mudry reported that a total of seven brokerage firms were left with $2.36 million in unpaid debits when the stock was halted in the middle of its promotion last spring, according to a detailed Alberta Stock Exchange investigation.
David Hoang, chief trading officer for High Alert Capital Investments, was fined $25,000 by the Investment Industry Regulatory Organization of Canada (IIROC) after failing to attend an interview to answer questions regarding an IIROC investigation into his actions.
While Anthony Wile, Chief Investment Officer of High Alert, said Biologix Hair is doing well and continuing to advance, not all are so confident. Firethorn Research, LLC, a due diligence-based equity research firm suggested in June 2013 that Biologix Hair was a fraud.
At that time, Biologix had a $261 million market cap and was trading at $3.35 but after the article was posted, Biologix Hair chose to delist from the Over-the-Counter (OTC) Market and voluntarily suspended SEC reporting. According to Firethorn, Biologix has since fallen 95 per cent and has now has a $10 million market cap.
http://www.ngnews.ca/News/Local/2014-03-11/article-3644864/The-network-between-Vida-Cannabis,-Biologix-Hair-and-High-Alert/1
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