Elixinol Global Ltd (ELLXF)

[DilJam]

All-you-can-eat 2.50s.. *I mean 2.20s here. Ready for liftoff!

[mick]

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ELLXF&insttype=&freq=&show=

[deadjim]

Trending up over 17 weeks since week of 10/29. last 3 weeks have been down. attempt was there for continuation but just couldn't make it with all the FDA attention (or lack thereof) on CBD and Elixinol is dependant on the US for most of their market. Not a whole lot of downside here but is a good one, and one of the few profitable pure CBD plays out there. all in my opinion, in case that wasn't obvious. : )

[Brutusmeatbone]

Why the recent tanking in s/p?

[Ihal]

I'm hoping cvsi gets approved to uplist soon. Should be a big catalyst for all 3.

[aries4747]

"Our Top 3 Hemp Stocks for 2019"

from ELLXF Twitter

https://thegreenfund.com/our-top-3-hemp-stocks-for-2019

[deadjim]

Well with my +.30c from my first trade and now I own it at -.20c I think I’ll survive for atleast a little bit longer

[DilJam]

How are those all-you-can-eat 2.50s tasting? At least you used the correct terminology in this post. You can call me a troll if you like but at least we all know to not listen to your advice

[deadjim]

this could very well be distribution and this is A top. cause if this pennant fails you'll most likely see 2s.

Yes I said pennant instead of flag : )

[deadjim]

yeah, and two of the most interchangeably used terms in price patterns. they're the same damn thing practically. good thing the internet has it all laid out for you, so you can tell me what my drawing actually is. now you're trolling for sure.

[DilJam]

Um that's a flag not a pennant. I'll attach a picture for you so you can see the difference.

https://goo.gl/images/eEMn6x

[deadjim]

I didn’t call 2.50s a bottom. Are you just trolling now? If you actually cared what I meant when I said “all you can eat 2.50s” you’d know that I’m staring at a blatant pennant and was a direct reference to the pennant. If the pennant is real you can add anywhere here. Starting from the 19th of feb to even this day today is all one formation. Let me know if you need me to me break out a chart to circle it for you. *edit actually I'll go ahead

This is how I'M playing it. You think I care if anybody agrees? Like I said, you are the only one to pull your triggers. Why bother arguing?

[DilJam]

I don't think you understood my point. You said a month ago that 2.20s would be a bottom (it actually ran down to 2.12, but u were close enough). Then it ripped up to 2.65 and pulled back to 2.50 and you called that to be the next bottom.. Wrong. My point is, a broken clock is right twice a day.

[deadjim]

Ok

[DilJam]

You sound ridiculous

[deadjim]

A bottom. It was a bottom. You don’t see that it ran to 2.69 after?? A bottom is not the same as THE bottom. Stop.

[DilJam]

I got your point.. You obviously think everything is a bottom. learn some TA

[deadjim]

It ran to 2.69. You missed my point. Later.

[DilJam]

Lol that was a month ago when it was AT 2.20. you must be a genius. And here come the 2.30s as I predicted last week when we were at 2.55. Learn charts.. as I said before, they can be very helpful

[starkd748]

I agree....The FDA are being assholes

[deadjim]

either way. you pull your own triggers.


deadjim Friday, 02/08/19 10:28:20 AM
Re: None 0
Post #
286
of 461
I’m looking at this 2.20s area as potential bottom.

[Itchy palm]

Thanks I’ll check it out

[aries4747]

Why Isn't CBD Legal Yet?

Last year’s Farm Bill was supposed to legalize hemp and its derivatives — so why is the FDA dragging their feet when it comes to federal regulation of the booming industry?

https://www.rollingstone.com/culture/culture-features/cbd-cannabis-pot-legal-fda-803567/

[aries4747]

More detail in this article.

https://www.news.com.au/lifestyle/health/greens-nsw-plan-to-legalise-regulate-and-licence-cannabis/news-story/e862e0a6598b12e4e36fec4688a2e42b

Greens NSW plan to legalise, regulate and licence cannabis

Australians in NSW could be legally allowed to buy, grow and smoke cannabis, if the Greens are successful in their plan to overhaul current laws.

Ben Graham@bengrahamjourno
news.com.auMarch 5, 20193:25pm

Should Cannabis be legal in Australia?

EXCLUSIVE

The Greens are set to announce a plan to legalise, regulate and licence cannabis for recreational use in NSW — which will allow you to own up to six plants and light up anywhere where it’s legal to smoke tobacco.

Within the first 100 days after the election, the Greens have promised to introduce a private members bill to legalise cannabis for recreational use as well as move for a parliamentary inquiry into legislation and the establishment of the NSW cannabis agency.

“It makes no sense to treat the consumption of cannabis as a crime,” said Greens MP and spokesman for Justice and Policing, David Shoebridge.
The Greens plans would allow you to grow up to six plants. Picture: Nathan Edwards

The Greens plans would allow you to grow up to six plants. Picture: Nathan EdwardsSource:News Corp Australia
Ads by Kiosked

“We are wasting millions each year and missing out on licencing revenues that the state desperately needs. It’s time we stopped taking such a backward approach to a drug that over one-third of Australians have used.”

WHAT DOES IT MEAN IF IT PASSES?

The plan will allow anyone over the age of 18 to buy cannabis at retail stores with a requirement to produce ID.

You could grow up to six plants at home for personal use and consume it wherever it is legal to smoke tobacco.

The Greens says its plan will generate an estimated $200 million per year in additional revenue for the State Government by a mix of licencing fees, GST and savings on criminal justice spending.
David Shoebridge says weed legalisation would pump $200 million a year into the state’s coffers. Picture: Monique Harmer/AAP

David Shoebridge says weed legalisation would pump $200 million a year into the state’s coffers. Picture: Monique Harmer/AAPSource:News Corp Australia
Ads by Kiosked

This money will be invested in public infrastructure like schools and hospitals with $75 million allocated to drug and alcohol treatment programs across the state, especially focused on regional and rural areas which currently have no such services.

A further $25 million will be allocated to prevention and harm reduction programs in high schools across the state, focused on high school children and young adults.

‘EXPENSIVE FAILURE’

The Greens argue that the war of drugs is an expensive failure, meaning we need a new, “realistic and evidence-based approach” to drug policy, that reflects the “reality of people’s lives”.

The party says that cannabis is currently manufactured and distributed by people in breach of the criminal law — such as crime organisations and outlaw motorcycle gangs.

It argues that legalising, regulating and licencing cannabis for adult use in NSW would remove criminals’ revenue streams and prevent people coming into contact with illegal drug dealers wherever possible.

“No one is saying that cannabis is without any harmful effects, however making it illegal does not magically make it safer, in fact it does the opposite,” said Mr Shoebridge.

“By making cannabis legal, consumers can be certain of the concentration and quality of the product they are using, can be assured it meets minimum health standards and can be given accurate information about its likely effects.”

He added that Australia currently regulates and licences alcohol at a state level, so it would be possible to do the same for cannabis, and it would also take a significant burden off the state’s police force.

In Australia, cannabis arrests account for the largest proportion of illicit drug arrests. In 2015-16, there were almost 80,000 cannabis arrests. Of these arrests 90 per cent were consumers.

“Each year thousands of people needlessly come into contact with police and the courts for using a drug that’s legal in many other places around the world,” Mr Shoebridge said.

“It’s time for a commonsense approach that would generate revenue that we can spend on harm minimisation and prevention as well as public infrastructure like schools, hospitals, parks and libraries.”

CURRENT LEGALISATION APPROACHES IN OTHER COUNTRIES

Other countries around the world have already moved to legalise cannabis. In the USA, nine states (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington) as well as the District of Columbia have moved to legalise cannabis. Legal cannabis is available in Spain, Uruguay and Canada.

In Uruguay, early data shows that drug-related crime has dropped 20 per cent since cannabis became legal in July 2017.

Early evidence from the US appears to point to a reduction in alcohol consumption, violent crime and prescription opiate overdoses.

WASHINGTON, USA

Over 21s can buy up to an ounce. Cannabis can only be sold and purchased at state-licensed retail stores.

CANADA

Adults can buy from government, private or online retailers

In some jurisdictions use is permitted in private residences and in public spaces where tobacco is permitted.
In Canada use of cannabis did not increase after legalisation. Picture: AFP

In Canada use of cannabis did not increase after legalisation. Picture: AFPSource:AFP

In some jurisdictions, users can grow plants at home.

URUGUAY

Adults can buy up to 40 grams every month from approved pharmacies.

Users must register with authorities and have their purchases tracked.

Registered users can set up smoking clubs of anywhere from 15 to 45 people to grow marijuana. These cannabis cooperatives can plant up to 99 plants in the same space.

SPAIN

Shared consumption allowed via cannabis social clubs, (not for profit associations, democratically operated by its members).

[aries4747]

Lots of embedded stuff in the link, but here's the article.

https://www.dailymail.co.uk/news/article-6772641/NSW-Greens-announce-radical-new-plan-legalise-regulate-marijuana-state-parliament.html

High time for a law change say Greens: Australians will be able to grow up to six plants in their homes and smoke in the street under the party's new plan to legalise and regulate marijuana

NSW Greens propose private members bill to legalise and licence cannabis
Will allow users to grow up to six plants at home and buy the drug at retail stores
MP David Shoebridge says it makes no sense to treat consumption as a crime
Party plans to introduce a private members bill within 100 days of state election

By Kylie Stevens For Daily Mail Australia

Published: 07:21 EST, 5 March 2019 | Updated: 10:06 EST, 5 March 2019


Recreational cannabis use could become legal in New South Wales under a radical new plan by the Greens.

The party has vowed to introduce a private members bill to legalise, regulate and licence cannabis within the first 100 days of parliament after the March 23 state election.

If passed, the bill will allow cannabis users to grow up to six plants at home for personal use and consume the drug wherever it's legal to smoke tobacco.
The NSW Greens have unveiled a radical new plan to legalise, regulate and licence cannabis
+4

The NSW Greens have unveiled a radical new plan to legalise, regulate and licence cannabis

They will also be able to buy cannabis at retail stores if they're over the age of 18 and can produce identification.

'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge said in a statement provided to Daily Mail Australia.

'We are wasting millions each year and missing out on licencing revenues that the state desperately needs. It's time we stopped taking such a backward approach to a drug that over one-third of Australians have used. We regulate and licence alcohol at a state level and it's about time we did the same for cannabis.'

'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge (pictured) said
+4

'It makes no sense to treat the consumption of cannabis as a crime,' Greens MP David Shoebridge (pictured) said

The Greens will also move for a parliamentary inquiry into the legislation and the establishment of the NSW Cannabis Agency.

It's estimated their proposed plan will generate $200 million a year in additional revenue for the NSW government, which the Greens want invested into schools, hospitals and drug and alcohol treatment programs, particularly in regional and rural NSW.

The party proposes $25 million also will be allocated to prevention and harm reduction programs in NSW high schools.
Cannabis users to grow up to six plants at home for their personal use under a private bill proposed by the NSW Greens (stock image)
+4

Cannabis users to grow up to six plants at home for their personal use under a private bill proposed by the NSW Greens (stock image)
Video playing bottom right...
Click here to expand to full page

'No one is saying that cannabis is without any harmful effects, however making it illegal does not magically make it safer, in fact it does the opposite,' Mr Shoebridge said.

'By making cannabis legal consumers can be certain of the concentration and quality of the product they are using, can be assured it meets minimum health standards and can be given accurate information about its likely effects.'

There has been a divisive reaction on social media to the news.

'It's about time, but this requires some public education on the true effects of prohibition to get through the wall of assumptions in association to mental health,' man posted on the NSW Greens Facebook page.
The legalisation of cannabis (stock image) could generate up to $200 million a year in revenue for the NSW government, according to the NSW Greens
+4

The legalisation of cannabis (stock image) could generate up to $200 million a year in revenue for the NSW government, according to the NSW Greens

Another added: 'I fear the 'legalisation' in Australia will only turn profits of an existing industry over to big business and make it less affordable in the process. I am hopeful but not confident in any thing beyond that.'

Legal cannabis is available in Spain, Uruguay, Canada and nine US states.

'Each year thousands of people needlessly come into contact with police and the courts for using a drug that's legal in many other places around the world,' Mr Shoebridge posted on his Facebook page on Wednesday night.

'It's time for a commonsense approach that would generate revenue that we can spend on harm minimisation and prevention as well as public infrastructure like schools, hospitals, parks and libraries.'

[DilJam]

Nah. U keep saying that it's about to take off but with this dried up volume it'll probably drop into the 2.30s soon. That's where I'll be reloading. I guess we shall see

[Ihal]

https://t.co/7otoCIsXN0

Is New South Whales about to legalize recreational cannabis?

— Focused Trades (@TradesFocused) March 6, 2019

Could New South Whales legalize rec?

[Itchy palm]

Definitely invested here and elsewhere so many plays with this industry starting to take off we have to weed out the pretenders and find the good ones GLTA

[aries4747]

Thanks for the post, itchy palm. Hope you had the time to take a good look at ELLXF. Lots to like, IMO.

[aries4747]

Industrial Hemp: Frequently Asked Questions

New blog post from ELLXF website

https://www.elixinolglobal.com/site/blog/industrial-hemp-frequently-asked-questions-faqs

[Itchy palm]

Being in business for 25 years in 3 successful companies. One of my rules was to reinvest. Definitely more in the 1st 2 to 3 years to build a solid base and of course many many hours of work. Do that and the profits will come for years patience pays off. I like what are ceo is doing the future here could be big! GLTA

[Ihal]

Yes!!!

[aries4747]

Liked these lines from the Stockhead piece.

“Our focus is not on profit… our focus is on growing revenues and taking advantage of the growing space to increase our market share. We feel that that is the most important thing to do right now,” he told Stockhead.

This year, nearly 20 per cent of revenue will be spent on marketing.

[Ihal]

When legislation lifts the lid off of hemp cbd, things will progress quickly. Hopefully we can double revenue this yoy.

[aries4747]

ELLXF: The Pot Seat: Elixinol’s Paul Benhaim is spending to stay on top

https://stockhead.com.au/food-agriculture/the-pot-seat-elixinols-paul-benhaim-is-spending-to-stay-on-top/

[aries4747]

Easyjet's Inflight full page ELLXF Ad

Great to see the @Elixinol brand making its presence felt in Europe, with this full-page advertisement for our #CDB Oil in Easyjet’s inflight magazine! pic.twitter.com/fZMWdiqzYB

— Elixinol Wellness Limited (@EXLWellness) March 5, 2019

[deadjim]

No I didn’t argue. You guys argued with me. I simply said “naah” and then afterwards all the bad information came out of both your mouths.

[DilJam]

And my point is, if a guy wants to go recommend this stock to his family, friends or "social media" than as an investor you should be way okay with that. But instead you decide to argue with him about it lol facepalm

[deadjim]

Have some context. This conversation started out with “Help spread the word of this 'hidden' hemp gem investment”

I replied, no, it’s not necessary.

And now you’re telling me volume is exposure and awareness.


The stock is about to fly and you can barely see it. You guys are just impatient. I say within two weeks it’ll be over $3. Please go blow up your email lists and social media to help it run. /facepalm

[DilJam]

And what do you think it is that will make it take off...? VOLUME. Which IS investor awareness

[deadjim]

When I see something that’s simply not true I sometimes do make it a point to correct people. This stock is about to take off: what investor awareness is needed to get it to run? That’s just silly, man.

[DilJam]

You're climbing an uphill battle here trying to deny the importance of volume and investor awareness. It's a very simple and logical point this gentleman brought up. I think you just like to argue. I've seen you do it on the other board as well

[deadjim]

My point is that is a nonevent. This chart is clear as day about to RUN, so SOMEONE must be buying it and speculating it’s about to go higher. Here’s some truth: the MOST volume comes in at the highs and tops

[DilJam]

I agree. IMO this company is so undervalued because of the lack of awareness. That's why volume is so important deadjim. I'm sure we all know you need volume to increase (sustainable) share price

[starkd748]

Gras status from the fda would help....

[farviewhill]

We're talking exposure/ increased investor awareness not necessarily popularity.

[deadjim]

Eh, popularity doesn’t mean price move. It’ll go it’s own pace

[farviewhill]

Yes, imo.
I'm a big fan of Elixinol, but the low daily volume itself, among other factors, shows that the company needs much more media exposure.
The last time I checked, there were no professional institutional investors/funds, etc. That needs to change.

Again, I'm a big fan of the company, but it remains a secret in the larger investing world. Plans to uplist to NYSE or NASDAQ would be hge.

[aries4747]

ELLXF: Elixinol Global Makes Hemp Play in $215 Million Vegan Food Sector

https://thegreenfund.com/elixinol-global-makes-hemp-play-in-215-million-vegan-food-sector

[deadjim]

Naah