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RSHN DD Pack – Feb 21st 2021
https://drive.google.com/file/d/1REuBTWZWIsBGG2ufkn7B1kt6v-2j4SnR/view?usp=sharing
Quick Summary:
- RSHN is involved in the sale of CBD products including gummies, pain lotions, and sprays
- Working with GRPS on almost on products
- GRPS has received state licensing from several states and is ramping up production and logistics
- GRPS will have major news this week
- Company also acquired Able Academics, who own a school for children with Autism and have 50+ employees
- GRPS went Pink Current a week ago – RSHN should be up next
- Could be a merger on the cards with GRPS
1) Company Info
Website: http://rushnetinc.com/
Twitter: https://twitter.com/GetRushnet (New - Joined Feb 2021)
Recent News: https://newsytrends.com/2021/02/02/rushnet-inc-otcmkts-rshn-the-steady-rise/
https://www.theglobeandmail.com/investing/markets/stocks/GRPS/pressreleases/614807/
CEO: Frank DeAngelo
Chief Medical Officer: Richard E Goulding
- RSHN has been involved in several JVs/subsidiaries with Gold River Productions (GRPS) – this is Dr. Goulding’s other company - https://www.grpsinc.com/ https://twitter.com/grpsinc
- 7.7B OS which is not bad
https://www.otcmarkets.com/stock/RSHN/security
- No Convertible notes! – this is huge
https://backend.otcmarkets.com/otcapi/company/financial-report/235151/content
- SOS - Company is active in the state of Colorado with Annual Report filed Jan 2021
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20211067855
- Amendment Jan 2021 stating cancellation of Reverse Split
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20181768333&fileId=20211007855
2) JVs/Subsidiaries
LeGanja Fairy
- Tier 3 indoor pesticide-free weed producer
- Have 50+ years of experience
- RSHN/GRPS have invest $5M in Le Ganja for a cut in the revenues going forward
- Forecast of $21M+ revenues in first full year of expanded operation – not sure how this number is forecasted, but if we get anywhere close to this, that is huge
https://leganjafairy.com/#
https://cindersmoke.com/introducing-le-ganja-fairy/
https://backend.otcmarkets.com/otcapi/company/financial-report/269716/content
Able Academics
- Provide 1 on 1 tutoring services for Foster youth
- Own and operate a private school for kids with autism
- Able’s LinkedIn page lists 50+ employees with 27 on LinkedIn – this is an established company and has the potential to really thrive with this investment
- GRPS and RSHN have invested $7.5M in exchange for the revenues of Able to be directed to the companies
https://newsytrends.com/2021/02/02/rushnet-inc-otcmkts-rshn-the-steady-rise/
Stevia Nutra Corp. (STNT)
- STNT is a large-scale hemp and stevia producer
- GRPS owns 2.25M shares of STNT
- RSH is also a significant shareholder, although we do not know exactly how many shares
- Each share is now trading around $3.60
- According to a recent news release, Stevia has sold a portion of its first crop and is gearing up for major expansion and preferred vendor status
3) Marketing through Product Placements Unlimited
- GRPS and RSHN are utilizing the services of Ronnda Shields to help market their CBD products
- Product line includes gummies, pain lotion, pain patches, and Defender
- Gummies especially have been getting great initial reviews
- Ronnda is doing a great job of promoting product, getting licensing/paperwork in order, stepping up logistics
- Business licenses have been approved in several states
4) Catalysts
Pink Current
- GRPS went Pink Current a couple of weeks ago on Feb 9th
- RSHN should follow soon shortly – the two companies are basically joined at the hip and working together on most acquisitions and partnerships
New Twitter
- RSHN got a new Twitter account in Feb 2021
- From recent tweets, it sounds like big things are in the works
- No Reverse Split, unless RSHN shareholders get an equal number of shares of a second company
- Notice how GRPS is mentioned in all their tweets
- Could RSHN and GRPS be merged together?
Plenty of updates from GRPS Twitter – Major news this week
- GRPS Twitter has been very active in the past few weeks with constant updates of product lines, new packaging, and approval of state licenses
- They also talk about the gummies – these are the same gummies that RSHN is involved with, just need to know how the revenue sharing model between the two companies looks
- GRPS confirms no Reverse Split
- GRPS also mentions a major news release this upcoming week!
** Closing Remarks **
RSHN has several catalysts coming and still has not had a substantial run. As the stock attracts more eyes and we find out more regarding the revenue sharing model with GRPS and the big news this week, this stock could steadily head north. Achieving Pink Current status should give it another bump. I am not an expert or a financial advisor. Please do your own due diligence before investing.
Update re: $WRFX, which imo is a good candidate to get current sometime this year.
Unlike most OTC companies that are a couple years behind on reporting, WRFX has a product, its app "Punchzee," which is available now in the App Store and Google Play Store, and which is updated routinely with improvements. The most-recent update in the Google Play store was Jan. 21, 2021.
Punchzee also recently updated its website with a new *browser-based* version of the app.
https://www.punchzee.com homepage as it looks now:
And here's what the homepage looked like Jan. 9th last time I screen-capped it. Notice the browser-based version was not yet available in early January of this year.
To me, the Punchzee updates confirm indisputably that the company is active even though their reporting has fallen off.
For more about $WRFX, here's my previous very long post from several weeks ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160877976
Notably, there's a Feb. 23, 2021 court date to resolve issues between the former CEO and current CEO. This doesn't mean the court case will be resolved on the 23rd, but imo it is an important step forward to get this day in court. It seems like a necessary precursor to everything else...
As always, this is just my opinion and not financial advice.
H
$RSHN: likely imo to get current soon.
Please take the following as opinion only and not a buy/sell/hold recommendation or financial advice.
Highlights:
1) No convertible debt/no dilution:
Imo, RSHN stands out for being a very rare sub-penny cannabis company with no convertible debt. The only other cannabis stocks I could find with no convertible debt that were until recently in the trips and teens were CHN* and BLD*—both of which, imo, were able to see a steep increase in the value of their stock largely because, when traders finally found their stocks, there were no convertibles waiting to beat the stock back down.
From RSHN’s 11/19/2019 quarterly, showing no convertibles or other notes:
Since RSHN’s last disclosure was 11/19/2019 for the quarter ending 09/30/2019, how do we know they haven’t taken on convertible debt in the meantime? Simple: no dilution since that time. If there was convertible debt, shares would be hitting the market, but there have been no new unrestricted common shares issued since 2018. This isn’t a 100% guarantee that there’s not a new note with a future maturity date we haven’t heard about yet, but it’s enough for me personally to see over two years go by without a diluted unrestricted common share.
2) Multiple JVs with Gold River Productions (formerly “XYZ Hemp”)
RSHN has a lot cooking via multiple joint ventures with sister company Gold River Productions, which just went current in February 2021 after a similar lapse in reporting as RSHN.
From GRPS’s Q2 2020 quarterly (RSHN is delinquent in reporting, but GRPS is current, so some good RSHN information can be found on GRPS’s disclosures):
3) Investments/Acquisitions:
***RSHN owns 250,000 shares of STNT, currently at $3.60 per share for $900,000 total value. STNT has a 52-week high of $14 so there’s room for that investment to regain its previous value.
***GRPS and RSHN recently acquired highly profitable Able Academics.
***Rushnet and GRPS each own 5% net income interest in certain of Halberd Corporation's medical initiatives/technology. Also a JV with Halberd on Anti-Addiction Patch.
4) Heavy volume and accumulation means traders/investors are interested
Volume for RSHN has been through the roof with steady accumulation, and for a bird’s eye view of the technicals, it’s currently a 100% Buy on Barchart.
5) Likely go get current soon
GRPS just went current in February, and I think it’s reasonable to expect RSHN won’t be far behind since the two companies are basically peas in a pod with interdependent business models and finances, and the same Chairman of the Board, Richard E Goulding.
6) Cannabis-related products exist and are being placed in stores:
GRPS and RSHN recently contracted for the services of product placement specialist Ronnda Shields, which above all else points to something most OTC cannabis companies can’t say: there are actual cannabis products here.
7) Reason to believe good PR is coming soon: sister company GRPS just Tweeted the following this morning, and given that RSHN and GRPS are the Siamese twins of OTC cannabis stocks, PR for GRPS = PR for RSHN:
Summary of the basics:
So, putting that all together, we have a cannabis company with no convertible debt and no dilution, multiple joint ventures that include cannabis products on the shelves, $900K in STNT stock, a stake in a highly profitable school, plenty of volume and trader interest, and imo the likelihood of getting current sooner than later. With all of the above, and with the OTCs being so hot in general, RSHN stands out one of the last viable cannabis stocks that hasn’t yet had its pps catch up with its potential imo.
Here’s some more basic information with some screencaps and links to PR:
RushNet (OTC: RSHN)
Share structure as of 2/19/2021
https://www.otcmarkets.com/stock/RSHN/security
Authorized Shares: 9,000,000,000
Outstanding Shares: 7,764,641,795
Restricted: 109,934,241
Unrestricted: 7,654,707,554
>>RSHN is led by CEO Frank Deangelo, long-ago former CEO of AppleJam Inc., which was a large collection of Applebees franchises Deangelo led to having $120M in sales.
>>Richard E Goulding is Chairman of the Board and Chief Medical Officer, and also Chairman of the Board of GRPS.
Website:
http://rushnetinc.com
“Developers of top-quality CBD edible products”
(website needs to be updated obviously)
JV Partner/sister company Gold River Productions formerly known as “XYZ Hemp”:
>>New Twitter Account Feb. 2021: https://twitter.com/GetRushnet
>>Other GRPS JVs with cannabis companies LeGanjaFairy, LLC and Marakata Inc.
Background info from the company about RSHN and XYZ Hemp Joint Ventures:
About the joint venture between XYZ Hemp Inc. and RushNet, Inc: “This joint venture is a unique effort to secure all areas of hemp production from cultivation to extraction and retail with an emphasis on unique products and high-quality CBD. RushNet is more focused on product development, particularly edibles and beverages. XYZ Hemp addresses the more scientific elements of these pursuits, using the same formulations as nutraceuticals. Together, they are able to facilitate the vertical integration envisioned. Both are acquiring and joint venturing with companies in all aspects of the cannabis field as they jointly pursue a full integration cannabis and hemp business model.”
Recent press/PR and a few excerpts:
2/2/2021 Press: Rushnet Inc (OTCMKTS: RSHN) The Steady Rise
https://newsytrends.com/2021/02/02/rushnet-inc-otcmkts-rshn-the-steady-rise/
“Rushnet Inc (OTCMKTS: RSHN) has been trending higher in recent months after the Company reported progress on a number of initiatives and acquisitions in joint projects. The Company is pleased to announce that their acquisition of an historically profitable Autistic Spectrum focused full-service school is fulfilling all needs of students….
RSHN and GRPS have jointly engaged the services of Products Placement Unlimited and its owner, Ronnda Shields to place products and services in multiple outlets, including a unique marketing outlet and mechanism to be further explained in the near future… ‘She’s a perfect fit for our company and she’s already placed products in a number of outlets,’ says Rushnet CEO, Frank DeAngelo. ‘Our first commercial product was released on a trial basis and the response was remarkable. We are revamping the formulation and the name to be even more powerful and effective. Defender will be on the market shortly. Other products utilizing Ms. Shields’ unique marketing strategies are already in the works, including hi-octane CBG gummies for pain and GI issues.’ ”
1/14/2021 press: The Current Story of Rushnet Inc (OTCMKTS: RSHN):
https://microcapdaily.com/the-current-story-of-rushnet-inc-otcmkts-rshn/129908
“Rushnet Inc (OTCMKTS: RSHN) is an edibles and beverage based company with stand-alone products, including most enhanced with CBD….RSHN is led by Frank Deangelo who used to be CEO of Applejam, Inc. which was one of the world’s largest restaurant franchises which he grew to having over $120,000,000 in sales with over 2500 employees before selling it.
The big story on Rushnet is their JV with XYZ Hemp, a vertically integrated soil-to-shelf Industrial Hemp Cultivation and processing project. The project is on schedule to fulfill its existing orders, which exceed $2,000,000. The JV includes the expansion of existing operations to meet the growing demand for these unique products. Those facilities are located, in major part, at 3573 G Road and 3531 G Road in Palisade, Colorado. The Palisade operation is registered in Mesa County by the Colorado Department of Agriculture to cultivate Industrial Hemp. This registration is listed under the “Registrants by County” tab in the “Mesa County” section.
Equipped to produce the highest quality, soil-to-shelf CBD and broad-spectrum cannabinoid products available, these state-of-the-art facilities combine cultivation, drying and curing, CO2 extraction, and post-extraction refinements. The experienced scientific team is led by founders Brian and Judith Olesen of One Straw Organic Orchards, Plum Daisy Kitchen, and Colorado Mountain Jam. With 20 years of experience as growers and producers of award-winning organic food products, they are uniquely equipped to meet the challenge of growing, processing, manufacturing, marketing, and distributing a wide range of high-value, CBD-infused retail foods, beverages, nutritional supplements, and healthcare options.
The same facilities and scientific team will be instrumental in the production, processing, and bottling of KnockoutPunch™, Awater™ and Ewater™, KOpunch™ and KO™. Additionally, the future CBD and non-CBD (ginseng) beverage production will be produced at the same facility or a second facility in the Steamboat Springs area, which is approximately 150 miles away.”
11/11/2020 GRP* and RSHN Press Release: Gold River Productions, Inc. (GRPS) Engages the Services of Products Placement Unlimited for Product Sales in Multiple Outlets and Acquires Abel Academic Schools
https://www.newsfilecorp.com/release/67990/Gold-River-Productions-Inc.-GRPS-Engages-the-Services-of-Products-Placement-Unlimited-for-Product-Sales-in-Multiple-Outlets-and-Acquires-Abel-Academic-Schools
6/27/2019 Press Release: XYZ Hemp, Inc. (GRPS) Gold River Productions, Inc. and RushNet, Inc. (RSHN) Announce Most Recent Acquisitions, Alliances, Products, Grants and Name Change
https://www.globenewswire.com/news-release/2019/06/27/1875479/0/en/XYZ-Hemp-Inc-GRPS-Gold-River-Productions-Inc-and-RushNet-Inc-RSHN-Announce-Most-Recent-Acquisitions-Alliances-Products-Grants-and-Name-Change.html
“Gold River Productions Inc. (OTC Pink: GRPS) and RushNet, Inc. (OTC Pink: RSHN) jointly announce their venture with LeGanjaFairy, LLC, a Washington State limited liability company, and Marakata Inc., a California corporation, and the acquisition of each resulting income stream…. In each case, revenues were acquired by Gold River, subject to operating expenses and distributions to the company (Marakata in the one case and Le Ganja Fairy in the other case), leaving, as net income to Gold River and to RushNet, 35% of the net, of which 80% will go to Gold River and 20% to RushNet…”
4/3/2019 Press Release: XYZ Hemp, Inc. (GRPS) and RushNet, Inc. (RSHN) Announce Acquisitions, Products, Grants, New Personnel
https://www.globenewswire.com/news-release/2019/04/30/1812766/0/en/XYZ-Hemp-Inc-GRPS-and-RushNet-Inc-RSHN-Announce-Acquisitions-Products-Grants-New-Personnel.html
Recent Social Media Posts:
Addressing some shareholder chatter about whether there might be a reverse split in the future, RushNet had this to say via Twitter, and Ronnda Shields confirmed this with her own tweet.
Since the company has no convertible debt (as of last reporting anyway) and hasn’t been diluting (which further corroborates that there’s still no convertible debt), I don’t see why they’d need to reverse split anytime soon, but if they did, I’d be content with an R/S plus top-off shares in a spinoff. Even CE stocks from obscure sectors are getting blown up into the teens and beyond these days, so I think it would all work out fine to have a fresh reporting OTC ticker in our accounts—just my opinion. Anyway, there’s no recent split history and RSHN is not a serial r/s company. The last r/s was a 1:100 twenty years ago in 2001.
More can be gleaned from following Gold River Productions’ twitter account: https://twitter.com/grpsinc
Potential upcoming catalysts to watch for:
What are some catalysts that might be seen in the near term? 1) Quarterly and Annual Reports at OTC Markets and an attorney letter seem likely if RSHN follows the precedent set by sister company GRPS. With new SEC regulations coming into effect this year, GRPS will need its sister company to be in compliance, so personally I feel confident that RSHN will follow GRPS and get current. 2) RSHN’s website is sorely out of date: the website getting a proper update could give the stock a jolt. 3) New JVs with GRPS and perhaps other partners. 4) Updates on existing JVs and projects. 5) STNT news and/or pps increase. 6) Cannabis-friendly legislation. 7) Product placement and sales.
Disclaimer: this should be construed as opinion only. I’m not a financial advisor or stock promoter, and I never post financial or investing/trading advice. I’m just sharing what I found and my own personal opinion about the stock. Please make your own trading decisions.
Glad you spotted it early 
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