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To clarify...
A similar, but not identical, bill to the America COMPETES Act passed the Senate last year. CNN reported that a Democratic aide said the House and Senate could go to a conference committee to hash out the differences between the two pieces of legislation, so it’s still unclear whether that final measure will include Perlmutter’s bill.
The COMPETES act has already passed the Senate with the Senate version, which does not include cannabis banking like the House version does. So, what's going on now is they are negotiating a final bicameral version...
"Marijuana Banking Sponsor Says He’s In Amendment Talks With Senate Leader As House Passes Reform For Sixth Time":
February 4, 2022
The House sponsor of a bipartisan marijuana banking bill revealed on Friday that conversations have been happening behind the scenes with Senate leadership about amending his legislation in a way that more specifically addresses equity issues to win their support.
Members voted 222-210 to pass the manufacturing and innovation bill—the America COMPETES Act—to which the cannabis banking measure was attached via an amendment on Thursday.
The Senate already passed its related version of the new innovation bill, with a focus on competing with China on trade, and that legislation does not contain the cannabis banking language. It remains to be seen what will come out of the resulting bicameral negotiations to merge the two forms of the legislation into something to send to the president’s desk.
Whew!..Longs..It's UGLY. We Might See $0.01/share. No Near-Term_Catalysts..EOM
You don’t go bankrupt making 9M, you dilute the 5h1t out of everyone and keep going till you get it right.
Well...$TGOD's 3rd Q 2021 Financials are Disappointing...EOM
Wait for it!!! All the praises will be coming soon so that they sell into you.
I would love for them to deliver $.45 cents. That’s all I want for Christmas
Only 99%?..Sooo...1%...Like Lloyd Christmas said, "There's a Chance" for $TGOD to deliver my Lamboghini...LOL.
99% sure it will be a write off
LOL...$TGOD is my WORST "Investment" by Far. Nevertheless...I'm Holding for Whatever Final Conclusion becomes of $TGOD--- Lamborghini or Tax Write-Off for the Next Umpteen Years.
Wow we are red and headed lower!!! We must be doing great in sales and there must be a lot of insiders buying.
Everything else in the sector is rising except this turd.
I believe the 20% will exist because the Galaxie Brands acquisition was an all-stock transaction. So, the management coming onboard will own over 120 million shares. That's how Shane got the 20% - Smoke & Mirrors - not from Insider Buying.
Insider ownership, I’ll believe it when I see it!!! If we were cheap enough they would already be buying but unfortunately for us they are given shares. “ don’t sh1t where you eat” comes to mind!!!
A Response from TGODS's Investor Relations....
QUESTION
Good Morning,
how much focus does TGOD's Executives and Board give to the share price? TGOD is currently trading at all-time share price lows and has gone from a Market Cap of over $2 Billion to $68 Million. Personally, my return on my TGOD stock is -82% since I've owned for a few years. What is TGOD doing to make the long-term shareholders continue to hold because pretty much all other shareholders I know have lost faith and sold at a huge loss.
Thank you,
Long-Term Shareholder
ANSWER
Shane Dungey (sdungey@tgod.ca)
To:you Details
Good morning,
We spend 100% of our time on creating fundamental value, driving to a sustainably profitable company. This will be reflected in our share price but as the age-old adage goes ‘the market can remain irrational longer than you can remain solvent’.
The disconnect in valuation versus value, especially when considering the growth opportunities, is well documented in the sector as well as with respect to TGOD. If you look at Analyst estimates we have targets that are well above 2-3x + times our current price. This illustrates how undervalued we as a company and a sector we are. As I mentioned this will change but it will require several things, least of which is a new investor base with capital to deploy.
A recent research piece from Cantor Fitzgerald highlighted the plight. Pablo had cited that up to 90% of the investor base in cannabis is retail, with ~70% having been in early and lost a similar percentage to what you have cited. Despite that the market has never looked cheaper and we continue to inch closer to a change in the US banking. When (not if) that happens the flood of capital with be quite large and you can also expect to see big global CPG brands step back in. Our job is to build a company that can stand alone on its fundamentals regardless of the upcoming changes, which is what we are focusing on.
In short, we feel we have a fantastic opportunity in the market with great and now diverse product line that resonates with consumers, we are growing distribution penetration in key markets such as ON, AB and BC while remaining a top seller in QC. At this point in time, trading at ~1.5-17x EV/Sales we see potential has never been better and we feel that shareholders will be rewarded. Our management team that has joined from the Galaxie side are seasoned veterans of the industry who have seen the opportunity and rejoined the industry and chosen TGOD, and specifically TGOD stock as the partner to take advantage of the current market malaise. On a pro forma basis we will be sitting at ~20% insider ownership which I believe should resonate with investors.
Regards,
Shane
<FACEPALM>...TGOD Will Have Its 3rd Q Financial Conference Call on November 25th - FREAKIN' THANKSGIVING IN THE USA WHEN MARKETS ARE CLOSED!!!
TGOD has some of the most ill-advised and bumbling management I've seen in a long time.
I'm still holding all of my shares PRAYING for better days, better decisions and better execution.
AND still no EU-GMP or Mexico COFEPRIS!!!
Funding, the A/S will also be increased to 2B most likely. It probably won’t happen this year but I think definitely early next year. They already announced they will need 100+ million shares for this transaction. Then do the numbers 800M shares O/S at let’s say $.10, do you honestly believe this company is worth $80M dollars right now? The honest answer is no. Trust me, I’ve lost some money here as well, I stopped lowering my price point at $.25 I was hoping for a run up to $.45 my cost. It’s not happening. I will sell soon, good luck to all though
Why would they want/need to? There is no minimum price they need to attain..
Don’t do it, wait till after the reverse split
I’m just dollar cost averaging weekly.
Why not wait until below 10 ?
No reason to think it wouldn’t drop before a bounce up.
Unless you know something . I know this is a long hold for you.
Got a few more today. Currently 210,842 @ $.3197 average.
Not happening anytime soon, here comes 100M shares
No decision has been made on consolidation of shares.
This was an accretive acquisition. Important to know the difference.
https://www.investopedia.com/ask/answers/043015/what-difference-between-accretive-and-dilutive-merger.asp
With this Acquisition, TGOD Enters the USA--http://wyldcanna.com/--Available in OR, AZ, CA, CO, NV & @wyld_cbd
A reverse split for a Penny stock 99.9 % of the time is horrendous!!!! This is no different. We will all get diluted to hell
The Joint Venture with WYLD, the number one selling edible brand in the US, is good move, imo. Who knows how they’ll consolidate. I don’t doubt a reverse split coming.
$120M + an additional $85M coming to us to buy more!!! Insanely laughable!!!! We the old owners of this stock are genuinely screwed. Does anyone disagree? There’s no mention of how much Galaxie makes, we are not profitable but he’ll why not, let’s go spend $21M ( shareholders will pay for it ).
In my sole opinion, we are headed towards a reverse split. The A/S will be filled, R/S will happen, A/S will be extended to 2B shares most likely. This company could possibly succeed but not on the merits of all these names mentioned. The money will come from hard working people. I will see how the market treats this news this week and make a decision.
If you say to me “ just sell already “
Block me please or respond to me with an actual factual response that we can all talk about. Yes I own shares, but I’m calling it like it is!!
Ty for update'
Still holding n may throw change at it - just in case.
USA Partner? sweeeeet
e
Excellent info, now the question is Revenues and Profitability
On 10/22/21, Reddit had an 'Ask Me Anything' Session with TGOD's Master Grower Kris LeBlanc and a couple of other TGOD Employees.
Good Information Shared:
1. Every grow room in Ancaster is full of plants but the one room we harvested this week.
2. Ancaster is running at full capacity, we are very busy growers.
3. We harvest a room Monday to Friday and plant the room the following Monday. It's a constant rotation.
4. Since I came on as Master Grower in January we have built a strong team with lots of cannabis experience. We live on every harvest and do not harvest until its ready. We will even delay a harvest a week to get the quality, this impacts the 100 people in cultivation and processing. We let the plants do the talking here.
5. We have a great drying and curing program. We cure for 1.5 to 2 weeks. An important part of our quality in the bag, where it counts.
6. Thanks for your question. 100% of our cannabis is grown under a certified organic process. Our cannabis flower is only irradiated in select, very rare situations. Irradiation does not alter the quality of cannabis products and ensures that any flower product can meet the strict metrics of the revised Health Canada requirements which went info effect on Oct. 17, 2020. For any questions about a specific cannabis flower lot, our team is always happy to confirm- care@tgod.ca.
7.We include the terpene % on all of our TGOD dried flower, so even in the extremely un-likely event a batch was irradiated, the posted terpene content will accurately indicate the product quality.
8. We no longer Ziel any product!
9. Can we expect new products as well new flowers soon? If so with which and where?
Absolutely. We have two new strains that will be launching in Alberta next month then to Ontario in January. Maple Kush and Cherry Mints. Get excited.
10. When will the Aged Hash be available (where will it be available first)?
Right now, it is aging in Oak Barrels in Valleyfield, Quebec. The extra aging time in the barrels helps flavour, texture…etc. We’re extremely excited for this, but need to wait for the provincial boards to schedule it for release over the Winter.
11. Are there any other hash varieties planned?
We’re focused on some differences to the existing portfolio first. We’ve improved our Afghan Black by ensuring each batch is cured for 60 days before it hits stores. Once our aged hash hits market, we think it’s a gamechanger and people will really love it. We are always working on a roadmap of products, but will share more on those later.
12. Will there also be a Highly Dutch 28g variety hybrid? The name could be the third largest city in the Netherlands? (the hague Hybrid)?
Funnily enough, that name was on our roadmap too. We don’t have a hybrid product planned immediately . However, we’ll be exploring more options to add to the Highly Dutch portfolio. We’ve been thrilled with the feedback to HD so far. (Amsterdam Sativa 28g hits Ontario this week at 24.5% THC)
13. Unfortunately La Con, Skunk Haze & Rockstar Tuna are sold out / not available in SQDC stores since many weeks. When will these be back in stock?
We’ll take it as a sign of popularity, but we’ll share the feedback with the SQDC. It looks like there are some available online at SQDC for now.
14. Is there any news about the planned entry into the USA?
Nothing immediately. Our plan is still to focus to evaluate opportunities in the northeast United States. However, in general, with our stock switch to the CSE in September, we’ve been identifying situations where we can leverage our organic expertise and IP in successful processes and products with the right US location/partner. We’ll be sure to share any more official details as we get them.
15. Is there already a date when Black Afghan will be available in Ontario?
Yes, January. However, patients can buy it directly from Shoppers if they're looking to get it before then.
16. We're incredibly excited for some solventless extract products. Stay tuned for more updates on these in 2022.
17. We are very unique as we are the largest certified Organic LP. We do it at scale and our flower it hitting above its weight.
18.Yep! All TGOD brand dried flower products are packaged in our custom green glass jars. Our Highly Dutch brand dried flower is packaged in bags. All TGOD flower product is packaged with an Integra Boost pack for improved storage.
19. Thanks for your question. There are a lot of details that go into growing at an organic standard. All of our cannabis grows in living soil, using natural sunlight and naturally purified rainwater. We feed our soil all naturally-sourced ingredients like worm castings, ancient peat, glacial rock dust, crab shells, and even maple syrup.
You can learn more about our organic process here: https://www.tgod.ca/pages/cleancraft
20. When are gelato mint and aged hash coming?
Stay tuned for December/January!
21. Our TGOD flower is cured for 10-14 days. TGOD buds are hand selected and hand manicured before going into the glass jars. Whereas, Highly Dutch follows a slightly faster process.
That’s a big IF , but I hope you get there.
In a years time they have diluted the hell out of this stock. It’s not being miserable, it’s about being real to all. Don’t worry I’ll be out at $.45 if it ever gets there before. Good luck to all,
The company is not diluting. You would know if you communicated with IR. But continue being miserable. You obviously invested too much. Good luck.
Very well spoken.
It’s a startup man! Not every company starts up, goes public, and heads to the moon. It mind boggles me that people investing in penny stocks expect them to turn into fortune companies is a couple of years. Management is doing the best to their ability to make something happen. It’s their livelihood! Of course they made mistakes. They’re human…it happens. I’ll remain bullish bc there is no other company in the space that can produce the same quality at scale. These guys don’t get anymore organic…it’s a true differential and I’ve been saying that for years. I didn’t tell a single person to buy. And I don’t mind that you’re pissed off but it gets old reading the hateful comments. I’m not doing jumping jacks over here, but what’s the point of bashing something you have a lot of money in. If you want to get out sooner than buy more now. These prices are ridiculous. The bottom is in, imo. Im adding regularly. Maybe I’ll be the first out. Maybe I’ll be the last man standing. Time shall tell…
POS is diluting us to hell!! When that O/S reaches that A/S, smack the ones that told you this was a great stock. I’m praying for all that have been here over a year and have brought their price down to under $.50 that they get their moneys back and this piece of crap goes out of business.
How many quarters have they lied about turning a profit?
Don’t read my negative BS, block me. Yes I own a ton of stock here, yes I will sell as soon as I can recoup my money. I will not though unlike you tell someone to purchase a stock that is based on lies and instead of running a pot company it became a real estate company. Of people want to buy off positive and negative comments on an internet iHub board, then they need to just Venmo their money to a stranger. I’ll ask you and maybe I’m wrong, why didn’t they mention how much they sent to Australia? Why did they go down to basically the Canadian OTC? Why have we been diluted for millions of shares ( us that have been here over a year ). Yes that’s our fault and I did it. Don’t sit there and read my posts cause I’m being honest and tell me I’m spewing BS!!! A moron could have done better with $200M!!! Maybe not you since your a great believer here all the sudden. The name of the game in the OTC, get in and get out. Trade don’t invest!! You take your 5h1t elsewhere if you don’t like real opinions!!
I hope you don’t see it again!
Yup, just 1. Please sell already. Tired of reading your negative bullshit. Why even post?
Wow. How does that even happen?
Well have you taken a peek at Yippy?
Gonesville!!
Don’t get all Yippy here. It’ll be fine.
Expanding distribution opportunity to 1,000+ stores in Ontario. Pretty solid. I hope to buy some in the US one day. No doubt this has been a disappointment but I’m still buying a little every so often.
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