Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Kinda seems like this will be the norm for the entirety of Trumps reign. Good thing CBDS has started woking with digital technologies, people are extremely interested in marijuana - regardless of the legality of it - and those people will continue to visit related websites regardless of whether or not they live in a legal State...
HEMP, GRWG, CBDS, CBDG, WEDG: SEC Admin Proceeding against Honeysuckle Research Inc./ticker WEDG:
https://www.sec.gov/litigation/admin/2017/ic-32840.pdf
Excerpts:
1. Beginning in December 2014, Honeysuckle primarily engaged in the business of investing and trading in securities, and more than 40% of its total assets (other than Government securities and cash items) consisted of investment securities as defined by Section 3(a)(2) of the Investment Company Act. The company has no operating business and has never realized an operating profit or revenue. As of January 3, 2017, Honeysuckle’s investment securities had a value of over $9.4 million constituting about 88% of Honeysuckle’s total assets (exclusive of Government securities and cash items). As a result, Honeysuckle has been and is in violation of Section 7(a) of the Investment Company Act.
2. Honeysuckle Research Inc. is a Nevada corporation headquartered in Woodland Hills, California. In July 2013, Honeysuckle’s predecessor company, Ovation Research, Inc. (“Ovation”), filed a Form S-1 with the Commission to register a class of securities for offer and sale to the public. The Form S-1 went effective on December 5, 2013. Its shares are currently quoted on OTC Link (formerly “Pink Sheets”) operated by OTC Markets Group (“OTC Link”), under the symbol (OTCPINK:WEDG). Honeysuckle and its predecessor companies have never been registered with the Commission as an investment company.
Facts
3. In December 2012, Honeysuckle started as a company named Ovation, which purported to distribute stainless steel cookware. In September 2014, Ovation changed its name to Weed Growth Fund, Inc. and, as stated in its Form 10-Q filed in January 2015, changed its business model to the establishment and investment in, and the acquisition, operation and management of, intellectual property and business ventures in hemp, medicinal cannabis, legalized cannabis and related industries. In April 2016, Weed Growth changed its name to Honeysuckle, but maintained the same business model.
4. In December 2014, Honeysuckle acquired non-controlling interests in various hemp-related companies quoted on OTC Link (formerly “Pink Sheets”) operated by OTC Markets Group, Inc., including Hemp, Inc. (OTCPINK: HEMP), Grow Condos, Inc. (OTCQB: GRWC), and Cannabis Sativa, Inc. (OTCQB: CBDS) by purchasing the common stock of these companies. Honeysuckle also acquired a majority interest in THC Farmaceuticals, Inc. (OTCQB: CBDG). Honeysuckle acquired the majority of these interests by exchanging the shares for non-controlling shares of Honeysuckle. In 2014 and 2015, Honeysuckle also purchased investment securities in three privately-owned companies. Honeysuckle paid a total of $710,000 for the private investment securities and non-controlling interests in three of the OTC Link companies. As of January 3,2017, the total combined value of these investments was $9,431,453.
5. Honeysuckle’s other assets total about $1.3 million and comprise various fixed assets (furniture, hardware and software) and a few non-securities related investments that have not produced any operating revenue. Honeysuckle has had no revenue since at least December 2014.
6. In 2015, the staff from the Division of Corporation Finance and the Division of Investment Management requested information from Honeysuckle concerning whether it was an investment company as defined by the Investment Company Act and whether any registration exemption or exclusion applied. Honeysuckle did not respond to staff comments in a timely manner.
(more at link)
Violation
10. As a result of the conduct described above, Honeysuckle is violating Section 7(a) of the Investment Company Act, which makes it unlawful for an unregistered investment company to, among other things, “directly or indirectly offer for sale, sell, or deliver after sale, by the use of the
mails or any means or instrumentality of interstate commerce, any security or any interest in a security” or “engage in any business in interstate commerce.”
Undertakings
11. Within 60 days of the institution of the Order, Respondent Honeysuckle shall come into compliance with Section 7(a) of the Investment Company Act by either:
a. Filing a notification of registration pursuant to Section 8(a) of the Investment Company Act, and then within 90 days of filing such notification of registration, filing a registration statement with the Commission, on the appropriate form; or
b. Completing steps such that Honeysuckle is no longer required to be registered under Section 7(a) of the Investment Company Act and providing the Commission staff with sufficient credible evidence that it is no longer required to be registered under the Investment Company Act.
(more at link)
Check out the SEC cease and desist order of September 28th against Honeysuckle Research Inc OTC WEDG and their involvement with CBDS and others.
Another anti-cannabis crusader bites the dust!
Health and Human Services Secretary Tom Price resigns
https://www.washingtonpost.com/news/post-politics/wp/2017/09/29/trump-to-decide-friday-night-whether-to-fire-hhs-secretary-price
I could see CBDS getting in on this, a quality organic weed wine.
Want to try weed wine? You’re in luck if you live in California
http://www.sanluisobispo.com/living/food-drink/article174077661.html
"Marijuana-infused wine has become quite popular in California. So much so that it’s tough to find vendors who have it in stock."
CBDS = Constant Bullshit Dissing Shareholders.
Yeah, fat chance. Chart shows a lot of support at this level. The bottom is here, in my opinion. I suspect we'll see a post-Labor day rise across the sector next week.
Wishful thinking
Go down some more so that i can afford this at a lower price. Someone short it some more. make it go down 90 cents
hey hey! So it took forever, but this manipulated stock has finally started moving to what it's really worth (nothing). Hopefully, Tobias, Barrameda, et al will also have to disgorge profits. This was an obviously manipulated stock last year. Maybe someone finally put a stop to some of it manipulation, and this is what happened.
watching this
2.00 buy target
$441,469 in cash, patented strain, Presto Doctor rockin' solid amid Sessions’ stance of targeting recreational marijuana. Long on CBDS as increased revenues sure to follow! Looking forward to a big second half of the year bounce-back. Goodbye summer - you were fun, but let's all get back to work...
CANNABIS SATIVA INC :: 10-Q :: 8/14/2017 --> http://ih.advfn.com/p.php?pid=nmona&article=75447597
Sessions promises of pot crackdown up in smoke
http://www.foxnews.com/politics/2017/08/08/sessions-promises-pot-crackdown-up-in-smoke.html
"The betting was that law-and-order Attorney General Jeff Sessions would come out against the legalized marijuana industry with guns blazing. But the task force Sessions assembled to find the best legal strategy is giving him no ammunition, according to documents obtained by The Associated Press."
http://www.chicagotribune.com/news/nationworld/politics/ct-attorney-general-marijuana-20170804-story.html
I was hoping that since GRWC is approaching zero, that those scamsters would take KUSH public soon
Another Gary Johnson pot scam.....I wonder if he funded his bogus presidential bid from CBDS.
Wow! Look at all those Form 4s stock sales filed by the insiders of CBDS over the last year and half or so. All sells by insiders and no buys. Doesnt instill much faith in the company does it.
Guess they could see the falling PPS well in advance of Joe six pack investor.
Excellent news!! Kyle Powers has done a lot of interesting work in tech too. Looking forward to trying this out.
Cannabis Sativa Acquires 51% of PrestoDoctor, A Premier Medical Marijuana Telemedicine Platform
http://cannabissativainc.com/cannabis-sativa-acquires-51-percent-prestodoctor/
Cory Booker is at it again!
U.S. Sen. Cory Booker introduces bill to legalize marijuana nationwide
“This is the single most far-reaching marijuana bill that’s ever been filed in either chamber of Congress,” Tom Angell, chairman of the group Marijuana Majority, said in a statement."
http://www.politico.com/states/new-jersey/story/2017/08/01/booker-seeks-federal-marijuana-legalization-113716
Massachusetts makes recreational cannabis official:
Massachusetts governor signs bill to allow recreational pot
http://thehill.com/homenews/state-watch/344343-massachusetts-governor-signs-bill-to-allow-recreational-pot
Meanwhile, the global movement toward cannabis legalization marches ahead:
https://qz.com/1041932/maneka-gandhi-one-of-narendra-modis-ministers-wants-to-make-marijuana-legal-in-india/
Especially given this:
Senate Committee Ignores Sessions, Protects Medical Marijuana
http://freebeacon.com/issues/committee-ignores-sessions-protects-medical-marijuana/
Still nothing about cracking down on cannabis from Jeff Sessions' Task Force on Crime Reduction
http://marijuanapolitics.com/jeff-sessions-currently-silent-new-marijuana-policy/
Although an attempt to crack down now would probably be the end of his term as AG.
Hopefully the new CFO can help CBDS step it up a notch, and sure am glad summer's almost over...
Looks like CBDS needs a new CFO to keep track of those mounting losses. Its going to be a difficult task for sure.
I hear ya, was wondering about it myself. I cannot find any info on them. Hopefully someone can can enlighten us.
Anyone know what's going on with those Kush shares that were paid out? Been sitting in my account forever
CBDS insiders gradually getting out of Dodge on a regular basis and have been doing so for quite a while. When was the last time these yahoos issued a Form 4 actually investing back into the company?
Bought more shares today! $CBDS
hi Guys,
Have a look at KD * RH ...
Possible RM and similar SS
In KD * RH, intiva will make an RM .....
De ceo of intiva is friedland the godfather in the MMJ sector ...
KD * RH could see similar courses
Low volume today, headed into the dog days of summer eh CBDS?
You can add another $75,000 per quarter into the net loss column for this garbage ticker. Insiders making a killing here at CBDS.
Net loss for the 3 months ending March 31st was 2 million based upon gross operating revenues $1,065.00 with a net of minus $34.00. What's wrong with this picture?
For approx 25,000 per month in shares this new CFO should be the next coming miracle worker. Where do we sign up for such a job?
Cannabis Sativa, Inc. Retains Experienced Chief Financial Officer
MESQUITE, NV / ACCESSWIRE / June 21, 2017 / Cannabis Sativa. Inc. (OTCQB: CBDS) announced today that the Company has retained Donald J. Lundbom as the Company's Chief Financial Officer ("CFO"). The Company's former CFO, Carolyn Merrill, will continue with the Company as its Controller. Mr. Lundbom will be tasked with oversight of the Company's business systems and operational procedures, budgeting, financial analysis, and general oversight of the Company's financial reporting. The Company's President, David Tobias, stated, "I am extremely pleased with the thoughtful and analytical approach Don Lundbom brings to CBDS. He is a true financial professional with the experience needed to help us meet our business objectives. I am confident that Don will develop new systems and procedures to implement our current business model in a more strategic and fiscally sound manner."
Mr. Lundbom has more than 30 years' experience in progressively responsible financial and business management positions, including Corporate Controller and Vice President of Finance in divisions of three Fortune 500 companies. He has also served as the Chief Operating Officer of a private homebuilder and developer with revenues of $100 million. During the last ten years, Mr. Lundbom has served as a consulting CFO and business advisor to clients in manufacturing and distribution, healthcare, and engineering. His business expertise is focused in business planning and analysis, operations, finance and accounting, mergers and acquisitions, and international business.
Mr. Lundbom holds B.S. and MBA degrees from Auburn University and is a certified public accountant (inactive) licensed in the state of Alabama. He completed Columbia University's post-graduate Executive Leadership Education program, has been active in angel investment groups, and has taught management accounting courses at the university level and for a national entrepreneurial program.
Recently over $ 5 for many months. Only changes I see are preparations for new products (honey & lozenges). Ace-in-the-hole, new hot patented strain.
I'd short it if E*TRADE would let me. It's a full blown scam from the start.
That would not be a good idea right now but hey it is just my opinion
Thinking about getting back in on CBDS. Sold last November in the high $6 range. Have been watching it since it dipped below $4.5. Not sure if I want to jump back in yet.
David Tobias, Mike Gravel, and Debby Goldsberry all sold off a combined share total of 16,186 since June 7th.
who knows. regardless, it's "comforting" to know insiders keep selling and selling and selling, regardless of price. another three filings on friday.
Is this the dump we've been anticipating for 8 months?
Acquisition of White Rabbit property may lead to licensing deal ?
I paid one brand-new BMW 3 series for Korean Tax.
22% tax of one-year profit.
Outrageous and exploitative.
What an easy and great system!!!!
Helped me nothing but taking a lot via easy paperwork play.
Because of this rotten system, I turned my eyes to Ethereum just now.
Put one mid-sized bloody cash in Ethereum.
I am not sure what is going to happen.
What is the current situation of cryptocurrency investment in US?
MJ takes too long, shale is drowning at this moment.
(I assume that shale will rise within this year, but am skeptical of the future of MJ. Too many obstacles)
I have to accumulate money ASAP in order to leave for Europe.
Sick of this land.
No way, the stock is trading more like its fundamentals suggest (it's basically a fraud). There needs to be real justice, like Tobias/Sadia/whomever else being forced to puke up all the illicit profits from stock manipulation.
Weak traders sell right before things happen...
https://www.fool.com/investing/2017/05/02/big-news-for-marijuana-stocks-mexico-is-on-the-ver.aspx
Followers
|
185
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4796
|
Created
|
04/23/12
|
Type
|
Free
|
Moderators |
MESQUITE, NV / ACCESSWIRE / August 2, 2017 / Cannabis Sativa. Inc. (OTCQB:CBDS) announced today that the Company has acquired a controlling interest in PrestoCorp (a.k.a. PrestoDoctor), an online telemedicine platform providing access to knowledgeable physicians for a safe and confidential way to get a medical marijuana recommendation using secure video conferencing technology (https://prestodoctor.com).
Appointments through PrestoDoctor’s website are generally completed in 10-15 minutes, and can be scheduled and completed in the same day. This convenience eliminates the need for patients to travel to an in-person appointment or wait in line at a clinic. More than 40,000 users have registered to consult with PrestoDoctor’s 15+ licensed physicians across the United States. PrestoDoctor currently offers services in California and Nevada, and is actively targeting expansion into multiple additional states in the coming months.
President David Tobias says:
“We are pleased to bring PrestoDoctor on board as a subsidiary of Cannabis Sativa. Combining our resources should be a great benefit to both companies. We are eager to assist PrestoDoctor in the roll out of their medical marijuana programs in several new states this year, and hope to see the continued growth of PrestoDoctor for years to come. We believe telemedicine is the future.”
PrestoDoctor was founded by an experienced Silicon Valley based team, with Kyle Powers previously at Google,IBM, PayPal, and ClearSlide, and Robert Tankson previously with Google, ClearSlide, and McCullough & Associates.
MESQUITE, NV / ACCESSWIRE / December 21, 2016 / Cannabis Sativa, Inc. (CBDS) announced that on December 20, 2016, the company's subsidiary was awarded Patent PP27,475 for a Cannabis Plant named "Ecuadorian Sativa".
"Equadorian Sativa" has been shown in laboratory testing by Steephill Labs to have a Limonene level that is extraordinarily high at a level of 4.53, 10 to 20 times the usual range. This sets "Equadorian Sativa" apart from other varieties in its odor, the effects on mood and mentation and its medical qualities.
The objective of the breeding, which produced this novel plant strain nicknamed "CTA", was primarily to develop a plant having the following characteristics: (a) medicinal properties that included hypotensive activity; (b) psychoactive properties that motivated and energized, rather than creating lethargy, sleepiness, and (c) increased food consumption.
Anecdotally, there are indications that its use may prevent some cancers and may cause apoptosis of cancer cells in vivo. There is a good possibility that the high levels of limonene may slow down the build-up of plaque in the arteries and reduce the effect of low-density lipo-proteins on the circulatory system. Indications are that "Ecuadorian Sativa" has many medical qualities that make it an important tool to maintain health and deal with illness.
"Our patience is now rewarded with the issuance of Patent PP27,475". "This patent will open up new areas for research and opportunities for CBDS", said CEO Mike Gravel.
This plant was derived from a female said to be of a strain called colloquially, "Celestial Temple Sativa" an individual grown in Ecuador that as a solitary plant reached a height of 23 feet. The male parent is said to have been of a strain known colloquially as "Island Sweet Skunk".
The Company's President David Tobias said, "This is a major accomplishment and is a tribute to the foresight and perseverance of management to solidify Cannabis Sativa's contribution to the maturing Cannabis industry."
Cannabis Sativa, Inc. (OTCQB:CBDS) has global ambitions. We believe cannabis is destined to become the next gold rush, and we're prepared to help shape its future in a legal environment.
We've assembled the team, the talent and the experience necessary to brand and market the highest-quality cannabis products available today – and to innovate the future of casual cannabis.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |