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Traded over 41x its normal volume and it only finished up 10.78% > http://finance.yahoo.com/q?s=CHUM&ql=1
Chart Play then a Drop play...
Being promoted by:
http://www.mikenormanreport.com/page.php?pg_bl=69
Chuma Consolidates Marijuana Compliance Leadership in California with Acquisition of PSA Inc.
Chuma Holdings, Inc. ("Chuma") (OTCBB: CHUM) is pleased to announce it has acquired Paul Shively & Associates Inc. ("PSA").
PSA is an industry leader in corporate compliance in the legal cannabis industry having worked with over 500 dispensaries and industry businesses. In the California medical marijuana field PSA brings seven years of expertise in the design, operation, compliance and required day-to-day mandates needed to run a legal collective, production and product company in the state.
Acquiring PSA provides Chuma the intellectual property Mr. Shively and his team have created over the last seven years. This intellectual property includes trade secrets and business best practices specific to the marijuana industry and critical to the execution of the Chuma business strategy.
"We are delighted to elevate our working relationship with Paul through the acquisition of his company. He brings twenty-six years of experience in corporate accountability and fiscal management for both public and private companies." said Mr. Kevin Wright, President of Chuma.
"We've had the benefit of Paul's expertise since we began our operations. He has served as a Director of Chuma and as a consultant to the company. Paul has proven the value of his contacts, databases, operational know-how, financial analysis tools and ongoing knowledge of the legal medical marijuana industry in California." continued Mr. Wright. "PSA is one of the most highly regarded service firms in Los Angeles. Our shared commitment to integrity, trust and teamwork will enhance our ability to provide quality services to our clients."
"Merging with Chuma allows us to retain our corporate service focus and engagement with our clients. Now we can provide them access to a suite of financing and operational services," said Mr. Shively. "We will grow faster together with a full service strategy. The legal medical marijuana industry is an incredibly opportunist market right now, and leveraging our services to take advantage of the window and increase our share of the market just makes sense."
About Chuma Holdings Inc.
Chuma and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide "seed to sale" key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma's experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visit www.chuma.us.
Chuma: A Lower-Risk Option for Cannabis Investors?
Elevating the Cannabis Industry with Financing and Seed-to-Sale Services
WHITEFISH, MT / ACCESSWIRE / November 13, 2014
With the legal cannabis market in the US estimated to at $1.7 billion per year, and growing quickly, there are an ever-increasing number of investors looking to the industry for potential investment opportunities. With so many investors wanting in on the burgeoning cannabis industry, FINRA was compelled to release a statement warning investors that these investments are notoriously risky. Since cannabis remains a schedule I controlled substance in the USA, investors have been limited to companies that operate ancillary businesses that surround the industry such as Vape Holdings Inc.'s (VAPE) vaporizers or GreenGro Technologies Inc.'s (GRNH) indoor growing technologies.
Chuma Holdings Inc. (CHUM) offers a risk minimized option providing investors with greater exposure to the mainstream legal cannabis industry. Through a combination of financing products and seed-to-sale turnkey business services for the industry, Chuma has direct exposure to the business and financial aspects of dispensaries and growers while being insulated from significant regulatory risk. Management has identified a clever niche in the market , and is poised for rapid growth within the industry.
CannabisFN Executive Interview | Chuma Holdings, Inc. (CHUM) from TDM Financial on Vimeo.
A Clever Niche
Chuma Holdings (CHUM) is a company poised to capitalize on a unique dynamic within Los Angeles' medical cannabis industry. After California legalized medical marijuana in 1996, the LA market exploded to include more than 1,700 dispensaries and non-profit collectives - more dispensaries than Starbucks! This dynamic was driven by high demand in one of America's largest and most liberal-leaning cities.
Public complaints that cannabis collectives outnumbered Starbucks eventually led to the implementation of the City's Interim Control Ordinances ("ICO") to reduce and regulate the types of collectives that could open. At the time, just over 180 pre-ICO collectives were grandfathered in and permitted to legally operate in the burgeoning downtown Los Angeles marketplace. Today approx. 137 pre-ICO collectives are still in operation.
Chuma Holdings' management estimates that California is already doing about $980 million of the industry's $1.7 billion in gross revenue. California is seen as a "mature" market and most new entrants to the cannabis industry are focused on the legalized recreational markets in Colorado and Washington. Chuma's strategy is to focus on California and target the pre-ICO businesses as its niche market.
A Prudent Start
Chuma's management team began developing the infrastructure needed to convert a traditional private enterprise business into a public company during the first quarter of 2014. The company stayed under the radar while the first surge of initital investors flooded the market. During the second quarter, the team raised $1.2 million from family and friends in order to prove up its model by investing money in three elements of the business: one dispensary contract, one indoor contract, and five outdoor contracts - all in California.
Chuma's outdoor contracts follow a standard borrower/lender model with the normal course legal and financial documentation such transactions entail.
Chuma provided these operations with a number of turnkey services, including financing solutions, compliance consulting, retail solutions, commercial equipment, supply chain solutions, marketing and sales guidance, R&D services, and consumer product solutions. In aggregate, these services also serve to diversify the company's revenue streams away from any single service sector.
In each case, Chuma's investment led to the creation of an asset on its books, producing both a predictable revenue stream and an attractive 10% per annum interest rate on the outstanding principal amount.
These contracts proved the viability of Chuma's business model and provided an indication of the profitability of these operations. Pleased with the results to date, management is currently raising an additional $9 million from Accredited Investors to deploy using the same model.
Strong Team
A solid management team makes all the difference in micro, and small-cap stocks given the unproven nature of their operations. Chuma's management team has over 35 years of combined experience in the legal cannabis industry in California. It is already generating revenue from the initial financing and service solutions. The team has already demonstrated it can execute.
Chief Financial Officer Paul Shively has worked with over 500 dispensaries. He is recognized in California as an Expert Witness specializing in the interpretation of the U.S. Attorney General's compliance letter. Chief Executive Officer Jordan Shapiro has been involved with numerous public companies and played a part in three $100+ million buyouts in the mining sector in the past. Newly appointed President, Kevin Wright, brings decades of marketing experience with Fortune 500 companied to the company.
Management's past experience and current success with the first phase of its business plan bodes well for its future. As the Chuma team deploys the 9 million second tranche of investment, investors may want to take a closer look at Chuma's stock, financial statements and business plan, particularly given its clever niche within the burgeoning cannabis industry.
More Information
- OTC Markets Profile
- Company Website (www.chuma.us)
About CannabisFN
Cannabis Financial Network (CannabisFN) is brought to you by TDM Financial, a financial media group and owner of SECFilings.com with over a decade of experience educating investors, profiling public companies, and developing specific investors audiences. CannabisFN is the largest dedicated financial network covering the cannabis and medical marijuana (MMJ) industries and educates investors, business developers and media on industry news, thought leader and executive perspectives, and the fluid regulatory environment while serving as a leading corporate communications platform to public and private companies operating in the industry.
I have noticed that there has been an increase of upward trading volume too. that is a very good sign.
Good post canucklehead80. it seems to me like they are focused on maintaining a stable, viable and transparent public company. that's what I like to see in the OTC market.
Chuma: Taking Pot Seriously
Resources Wire | Jay Currie | September 22, 2014 11:29 PM ET
The waves of mania which have propelled the legal marijuana business in the stock markets have been so extreme that the SEC and the OSC have both issued warnings about speculative excess. All types of companies are being floated, many of which have no license, no operations, no business and no money.
At the same time there is a real market for legal marijuana, worth billions of dollars, emerging in the United States. There is no question that marijuana – both medical and recreational – is here to stay. What may be puzzling for investors is how to participate in this boom while avoiding the various scams which blight the market.
Looking at this opportunity Chuma Holdings, Inc. (OTCBB:CHUM), formerly CannaMed Corp., realized that the cannabis industry lacked business services that are common for every other industry. This ranges from financing and payments solutions, through to regulatory compliance. The management at Chuma also recognized that in the midst of the stock market hype surrounding the marijuana industry, it made sense to quietly and effectively establish their business model, before making a splash.
Read the rest of this medical marijuana article here.
Cannamed Corp., MDMJ changed to Chuma Holdings Inc., CHUM:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/28/2014&mkt_ctg=NON-OTCBB
CannaMed and its wholly-owned subsidiaries provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry.
MDMJ
MDMJ Security Details
Share Structure
Market Value1 $94,780,555 a/o Jul 11, 2014
Shares Outstanding 52,655,864 a/o Jul 16, 2013
Float Not Available
Authorized Shares Not Available
Par Value 0.0001
Shareholders
Shareholders of Record 99 a/o Feb 28, 2013
Contact Info
350 N. Glendale Avenue
Suite B#212
Glendale, CA 91206
Website: http://www.cannamedcorp.com
Phone: (702) 751-8455
Email: info@cannamedcorp.com
MDMJ
It does look like it is waking up NYC!
MDMJ
Key Statistics: http://finance.yahoo.com/q/ks?s=mdmj+Key+Statistics
Company Profile: http://finance.yahoo.com/q/pr?s=mdmj+Profile
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=mdmj+Basic+Tech.+Analysis
I think you might want to do your DD before making statements like that. I have looked at all the public information on the company and the management. The management has a good solid track record. This company has raised money and implemented their business plan. They have revenues and are actually doing real business.
I would suggest you do your DD before making statements like that. If you really feel that way about this company I would suggest you pick up the phone and call them and do your own due diligence.
Cannamed Corporation [$MDMJ] due diligence
bullish 25% weekly trade
$MDMJ
DD Notes ~ http://www.ddnotesmaker.com/MDMJ
##### recent news/filings ~ source: finance.yahoo.com
Thu, 10 Jul 2014 11:00:00 GMT ~ CannaMed Updates Shareholders on Nature of Operations and Continuance of Business
[PR Newswire] - LOS ANGELES, July 10, 2014 /PRNewswire/ -- CannaMed Corp. (MDMJ) is pleased to update shareholders on the nature of its operations and the continuance of the Company's business. The Company launched its new website today, www.cannamedcorp.com, which outlines the Company's vision and ongoing business activities. The new website showcases both the Financial Solutions and the Service Solutions offered to the legal medical and legal recreational cannabis industries. The Company's Financing Solutions include leasing growing space and related facilities (commercial real estate, agricultural properties, and equipment) to lawfully organized marijuana business operators for their production needs.
read full: http://finance.yahoo.com/news/cannamed-updates-shareholders-nature-operations-110000815.html
*********************************************************
Mon, 07 Jul 2014 18:32:45 GMT ~ CANNAMED CORPORATION. Files SEC form 8-K, Unregistered Sale of Equity Securities
read full: http://biz.yahoo.com/e/140707/mdmj8-k.html
*********************************************************
Tue, 01 Jul 2014 20:48:51 GMT ~ CANNAMED CORPORATION. Files SEC form 8-K, Entry into a Material Definitive Agreement
read full: http://biz.yahoo.com/e/140701/mdmj8-k.html
*********************************************************
Fri, 27 Jun 2014 20:16:25 GMT ~ CANNAMED CORPORATION. Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events
read full: http://biz.yahoo.com/e/140627/mdmj8-k.html
*********************************************************
Fri, 13 Jun 2014 21:22:26 GMT ~ CANNAMED CORPORATION. Files SEC form 8-K, Unregistered Sale of Equity Securities
read full: http://biz.yahoo.com/e/140613/mdmj8-k.html
*********************************************************
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MDMJ/company-info
Ticker: $MDMJ
OTC Market Place: OTCQB
CIK code: 0001388982
Company name: Cannamed Corporation
Company website: http://www.cannamedcorp.com
Incorporated In: NV, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001388982&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MDMJ/filings
Latest financials: http://www.otcmarkets.com/stock/MDMJ/financials
Latest news: http://www.otcmarkets.com/stock/MDMJ/news - http://finance.yahoo.com/q/h?s=MDMJ+Headlines
Major holdings: http://data.cnbc.com/quotes/MDMJ/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MDMJ+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MDMJ.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MDMJ
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MDMJ&search=search
DTCC: http://search2.dtcc.com/?q=Cannamed+Corporation&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Cannamed+Corporation
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Cannamed+Corporation&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.cannamedcorp.com
Alexa: http://www.alexa.com/siteinfo/http://www.cannamedcorp.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.cannamedcorp.com
Short Sales: http://www.otcmarkets.com/stock/MDMJ/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/MDMJ/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/MDMJ/research
Historical Prices: http://finance.yahoo.com/q/hp?s=MDMJ+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=MDMJ+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=MDMJ+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=MDMJ+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=MDMJ+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=MDMJ+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=MDMJ
Balance Sheet: http://finance.yahoo.com/q/bs?s=MDMJ
Cash Flow: http://finance.yahoo.com/q/cf?s=MDMJ+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/MDMJ
Bloomberg: http://www.bloomberg.com/quote/MDMJ:US
Morningstar: http://quotes.morningstar.com/stock/s?t=MDMJ
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MDMJ
Barchart: http://www.barchart.com/quotes/stocks/MDMJ
OTC Short Report: http://otcshortreport.com/index.php?index=MDMJ
Investopedia: http://www.investopedia.com/markets/stocks/MDMJ/?wa=0
http://www.pennystocktweets.com/stocks/profile/MDMJ
##### last known share structure ~ source: otcmarkets.com
Market Value: $99,519,583 a/o Jul 10, 2014
Shares Outstanding: 52,655,864 a/o Jul 16, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.0001
##### business description ~ source: otcmarkets.com
CannaMed and its wholly-owned subsidiaries provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry.
DD Notes ~ http://www.ddnotesmaker.com/MDMJ
elditl
Yep. Seem to be starting this out with a bit of a problem.
Got this message back from CANNAMED.COM when I emailed the question:
Are you now a public company by way of MDMJ? Thank you.
They replied back:
"No , that's not us!"
So apparently MDMJ a start up with a similar name.
I see you found it. Should rework Ibox shortly.
http://cannamed.com/
"Cannamed is one of the rare and hard to find medical practitioners that can issue a Medical Marijuana Card so you can go buy."
Watching this one closely.
Mass Petroleum Inc., MASP changed to Cannamed Corp., MDMJ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/04/2014&mkt_ctg=OTCBB
MDMJ Cannamed Corporation Common Stock
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=XKdi74XL4TENlrpuK%252bc57A%253d%253d&CorpName=CANNAMED+CORPORATION
you'll have to do various cross searches to figure it out but all paths lead to MASP
nice website http://cannamed.com/
5 locations and has been around for a while
Complete scam and fraud http://mobile.bloomberg.com/news/2013-08-20/penny-stock-fraud-leader-arrested-in-thailand-u-s-says.html
Sorry guys
Anything going on with this company. Has been over a year an a half after reverse split. What gives.
Why my porto say's +176% and open ad 0.85??
CEO gave himself 30mil @ .0001 dont think anyone will be buying without major updates glad I sold my last 200K .0009s = 200 @ .90 and .30s just started getting hit down 66% already
close on my .0009s so .90 should be open lets see where it goes
been selling since rs announced when ever it got above .0015s so not to bad had flipped this several Xs b4 so all good
I'm glad you could recover some :)
dumped my last 200k will keep lurking when R/S is over
14:00 2/17/2012 MASP MASS Petroleum Inc. Common Stock MASPD MASS Petroleum Inc. (NEW) Common Stock 1-1,000 R/S **
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/16/2012&mkt_ctg=ALL
so why is it up today?
This stock is in a coma, the kind you don't wake up from. Unless somebody wants to buy the shell and clean it up, this has no value. All the money got skimmed out of the treasury years ago. Nobody in their right mind is going to invest in this.
I can't believe that Jordan Shapiro is still listed as being on the management team. I wouldn't think there is enough meat left on the carcass to interest even him.
come on management do something!! if you get it wrong which you probably will, we can deal with it!!geez
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Chuma is a public company quoted on the OTCBB as CHUM. Chuma and our wholly-owned subsidiaries provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including:
- Funding & Financing Solutions
- Compliance Solutions
- Retail, Collective and Dispensary Solutions
- Commercial Build Out and Equipment Solutions
- Supply Chain Solutions
- Branding, Marketing and Sales Solutions
- Banking and Payment Processing Solutions
- Research and Development Solutions
- Consumer Product Solutions
To be the premier financing and turnkey support services company specializing in the legal cannabis industry in the U.S. Our goal is to build an array of turnkey solutions to open model dispensaries, production facilities, and product companies operating as community stewards for good business practice.
Our vision is to develop a more professional ecosystem within the cannabis industry, creating a better work environment for our clients, as well as creating improved patient experiences, and a clear choice for investors in the sector.
Chuma was incorporated in the State of Nevada on February 14, 2006, under the name of XTOL Energy Inc. We operated under several different names until March 20, 2014, when our Board of Directors approved an Agreement and Plan of Merger to merge with our wholly-owned subsidiary CannaMed Corporation, a Nevada corporation, to effect a name change to CannaMed Corporation. CannaMed remained the surviving company, and the name change became effective on April 7, 2014 and the symbol for the quotation of our common stock on the Over the Counter Bulletin Board became “MDMJ.OB”. Due to a potential trademark conflict with a non-related company operating under “Cannamed” in California, we effected a subsequent and final name change on August 29, 2014, to be known as Chuma Holdings, Inc. and the symbol for the quotation of our common stock on the Over the Counter Bulletin Board became “CHUM.OB”. Only the Company’s name was changed in the Articles of Incorporation. The new CUSIP number is 171326101.
1849 Holdings, Inc., a California corporation, is a wholly-owned subsidiary of Chuma. 1849, offers turnkey support services for the legal cannabis industry. Cal-Westridge Corporation is a wholly-owned subsidiary of 1849 Holdings, Inc. Accordingly; Cal-Westridge is an indirect, wholly-owned subsidiary of Chuma. Cal-Westridge is a financing, real estate and equipment lender focused on servicing compliant participants in the legal cannabis industry in California.
Chuma‘s team has a deep and rich history of successfully working in California’s legal cannabis market. Over the last seven years, our team has worked with more than 500 dispensaries and production facilities to help our clients grow their business and operate in compliance of the constantly changing guidelines and laws. Chuma’s executive management team is responsible for establishing the strategic policy for the company with the committed goal of increasing shareholder value, and conducting our business true to our core values of compliance, ethics, and teamwork.
Our experienced management team has a combined thirty-five years of successful experience in the legal cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. Chuma is expanding throughout California and bringing its array of services to each new state that legalizes the use of cannabis.
Mr. Shapiro has over 18 years of experience in the financial services industry. He spent six years serving clients in Canada and the United States as an Investment Advisor at Canaccord Capital Corporation, Canada’s largest independent securities dealer. Mr. Shapiro specialized in venture capital financing and derivatives trading. Since 2002, Mr. Shapiro has assisted companies in areas of corporate finance and business development. Mr. Shapiro is a CEO and Director of several TSX-V companies and has a very successful track record raising capital internationally. Mr. Shapiro holds a Bachelor of Arts degree from the University of Western Ontario.
Mr. Wright is a highly experienced senior business executive, whose 20 year career includes serving in a variety of senior executive and directorship positions, most recently as a director of a private marketing and advertising company. Over the course of his career, Mr. Wright has been an award-winning director for multi-national marketing and advertising companies. Mr. Wright has worked for businesses in Canada, the US, and the UK. He has been instrumental in formulating successful marketing strategies for clients such as Vonage, IBM, Akzo Nobel, Rogers, and Molson’s, to name a few. He has appeared on TV and lectured at universities on the subjects of marketing and business strategy. Mr. Wright is a graduate of Queens University, a former diver in the Canadian Navy and a member of the Professional Engineers of Ontario.
Mr. Shively has over 26 years’ experience in corporate accountability and fiscal management with public and private companies. Over the past 26 years, he has served on the board of over a dozen non-profit and for profit entities and been involved in helping over 500 medical marijuana collectives develop their business entities. Quite frequently the “Who’s Who” of Los Angeles medical marijuana attorneys turn to Paul for case preparation. Paul earned dual Doctorates in Education and Corporate law and is a recognized Expert Witness in the Los Angeles Superior Court system and guest instructor in area universities as an expert in Corporate Code. During the course of his career, Mr. Shively has developed vast experience in taxation, nonprofit strategies, trademarks, corporate compliance and business acquisitions. Since 1996, Paul has founded and sold several companies to larger competitors. Selected transactions include: Pizza Bakers, Bankcard Service Center and Epayroll Network. Paul has served multiple terms as a Council Member for Neighborhood Councils in the City of Los Angeles and as a member of the Board of Directors of Woodland Hills Tarzana Chamber of Commerce, and as an Advisor to a State Assembly Task Force for Disaster Preparedness. Paul received a Commendation from the California Governor’s Office in 2004, and multiple commendations from the California State Assembly as well as the City and County of Los Angeles over the years.
Ms. Agnihotri has a background in Natural Sciences and a degree in Economics from Rutgers University. She began her professional career in Private Wealth Management for an ultra-high net worth boutique called Graystone, wholly owned by Morgan Stanley. In 2004 she began a private consulting business to develop startup ventures across various sectors. Over the last 10 years Ms. Agnihotri has created a very resourceful global network, having assisted many key personalities with various projects and companies globally. Amongst her other duties and responsibilities, Ms. Agnihotri is leading the Company’s banking and payment processing solutions, science initiatives and science community relations, and assisting our financing and fundraising efforts.
Chuma Holdings, Inc.
350 North Glendale Avenue
Suite B #212
Glendale, CA 91206
United States
Phone: 702-751-8455
Investor Info: investors@chuma.us
Website: http://chuma.us
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