GL Brands Inc. (fka GRLB)

[mc67]

Yeshua

[la_trader]

funny how the morantzzs show up when it's beat down.

bottom feeders looking for the peanut tick flip lmao.

[skypilot1968]

It's a pure gamble.
Previously GL Brands, Inc. (the “Company”) filed a Bankruptcy Plan of Reorganization under which the Company’s incumbent shares would all be canceled, the incumbent shareholders would lose all interest in the Company and new equity would be issued in the reorganized Company in exchange for cash payments to the Company approved by the Court through the Plan of Reorganization.

[2014trader]

since you know so much tell us why there are buys of 100,000 up to 1 million shares mr. expert

[aidadd2]

Ask la trader, he is the resident expert. LOL!!

[The Bunk]

ok I'm dumb I've never invested in the stock market before never even read about it just had 5,000 and seen the head lines say this stock should go up to $2 what a joke. So is this a total loss for me or is there still a slim chance for a come back. Can anyone give me some free opinion on GRYCF. tHANKS

[midas716]

Told ya'll 6 months ago or more Merida is as shady as they come but nooooo, the pro here said Merida is upstanding, Crème of the crop investors, for months on end. Lol. I told ya'll time and time again Merida wasn't here to make you money, they were here to make them money. GRWG is their baby. Greenlane (GNLN) just bought Kushco (KSHB) both invested in by Merida. Merida gets the foot in the door and then gets control and guts what they don't need from lessor companies like FRLF. That's how they roll. My guess is GRLB will eventually be brought into Greenlane for pennies on the dollar and GRLB will cease to be.

My how quickly tunes change here. Good luck folks. You should have listened to someone other than the two shysters' who fed you daily BS for a year.

[la_trader]

LMAO a 1.3m bid??? crooks. Then I bet 10-to-1 they have a multi-million sale deal on the mexico license lined up with someone. they sure as F are not going to spend 1.3m without a 3x-5x ROI on that.

think about it- the company is still producing revenue more than likely (I would be hella surprised if not) -Merida could simply restructure debt, Carlos could fight to protect company / shareholders and Merida gets paid long term. Remember, GRLB is in CH11 with protections. This is a forced-sale setup IMO 'Gordon Gecko' style, and Carlos would have to be in on it.

Blue Horseshoe loves $GRLB

[la_trader]

if Merida is set up as the stalking horse bidder- then you can damn well determine it was Merida that orchestrated the downfall present situation. one would have to pre-plan for that type of complex situation well in advance -and- they would not do it unless there were some type of after-the-fact payday involved. JMO of course.

[la_trader]

If that's true it would be VERY bullish. We've seen what those two fine gents can do. Talent + smarts.

[la_trader]

JMO, Merida is the only outfit with smarts to orchestrate this fiasco. Carlos sure as heck does not have this level of pubco sophistication, as we've seen demonstrated since he took over. The guy's pretty much a moron when it comes to real business and that's something Merida likely took advantage of.

More than likely, all "JMO FWIW" - Merida likely has a back-door deal to sell the mexico pipeline license and pocket the cash, scrap rest of company, Carlos gets a kickback- That license deal is the only "asset" worth a lot of money AFAIK, think about it. So if this is the case, Merida / Carlos are also screwing all the employees, subsidiaries, etc for a shady payday. IMO Merida is not going to lose all the millions they invested, and Carlos is not going to walk away without some type of payday given he will be losing millions of common share stock- They going to make it back somewhere and just F everyone else.

That's the OTC for ya- sometimes the swamp rat crooks are not greedy in the right way.

Boy doesn't everyone miss Cliff and Ray now- and some of you were bitching about them.. lmao. Those guys were the real deal.

It ain't over till it's over so let's see if bottom of the 9th somehow someone helps hit a homer and turn this turd around.

[la_trader]

looks like possible short or naked share covering. dried up right after.

[W S C]

If you sell definitely because you already lost most of it...if you hold, there’s still hope.

[The Bunk]

So I don't have a lot of money but I sunk 5,000 when this was at .14 am I screwed?

[W S C]

I’ve held this long and I’m holding mostly house money. I can afford to ride this one out. Doesn’t look like a stock about to go to $0 IMO. I’ll hold till this gets worked out.

[BILLBOB1]

I thought Merida was our security blanket, looks like they are a bunch of crooks as well.

[mightymk]

Merida will not be the only bid because ray and cliff will be bidding to try and oust merida from a hostile takeover . Merida wants to sell off assets and incorporate the mexico deal into there portfolio, If ray and cliff win shareholders will have a chance, this is not the first rodeo merida has done this, thats why they put carlos in charge because they knew he was lost,but they dont care as long as they have the mexico deal, sell whatever u can and good luck

[mc67]

..for sure.. I'm out.. but just read this on another board.. or is this a Company we sold CBD to.. ? .. I left the .79's on the table in oct19 but took the .33's earlier from my .05's so I walk away w/less regret.. ugh!!

Is Green Lotus coming out of bankruptcy? New store locations in the California Bay Area. Looks like they are still in the game. https://www.facebook.com/greenlotushemp

[W S C]

If no other qualified bids(other than the stalking horse bid from merida) are received by the bid deadline, the debtors shall cancel the auction.

[miauseradvafazsd]

That’s a dick move

[skypilot1968]

It looks like our goose may be cooked.

[skypilot1968]

Thanks, but I just found in on my own.
Previously GL Brands, Inc. (the ?Company?) filed a Bankruptcy Plan of Reorganization under which the Company?s incumbent shares would all be canceled, the incumbent shareholders would lose all interest in the Company and new equity would be issued in the reorganized Company in exchange for cash payments to the Company approved by the Court through the Plan of Reorganization.

As part of the Court?s consideration of such plan of reorganization, on March 31, 2021, the Bankruptcy Court for the N.D. Texas, Fort Worth Division issued an order to allow the Company to hold an auction for the sale of its to-be-issued new equity interests of the reorganized Company. Upon and subject to the Court?s final acceptance of the Plan of Reorganization, the successful auction bidder will own one hundred percent (100%) of the Company?s equity interest.

The Court?s order approves bidding procedures and a stalking horse bid from Merida Capital Partners III, LP, Merida Capital Partners QP, LP and certain of their affiliates. The stalking horse bid has a bid value of $1,314,019 and a $25,000 breakup fee. The bidding procedures require that all bids other than the stalking horse bid have values greater than the stalking horse bid to be submitted by April 16, 2021 along with a $125,000 deposit. The full bidding procedures are stated in the Court?s order.

[WiseTrader]

http://archive.fast-edgar.com/20210405/AABYKG2CZ222KZZ5222G2ZZDM9BIZS22Z232/

[WiseTrader]

Previously GL Brands, Inc. (the "Company") filed a Bankruptcy Plan of Reorganization under which the Company's incumbent shares would all be canceled, the incumbent shareholders would lose all interest in the Company and new equity would be issued in the reorganized Company in exchange for cash payments to the Company approved by the Court through the Plan of Reorganization.

[skypilot1968]

Where is the link to your information. I have seen nothing about the news that you present. Just wondering...

[WiseTrader]

auction for the sale of its to-be-issued new equity interests of the reorganized Company

current commons all worthless

[mc67]

The Merida shares are commons.. no ?

[W S C]

What’s going on?

[WiseTrader]

no! commons will be canceled! new shares to be issued! be careful!

[miauseradvafazsd]

What in the hell? This thing can moveee with volume

[skypilot1968]

LA what's up??? .0239 and over 8 million trades before noon. Is there some news that I missed?

[Mauser866]

It also happened when some pumper was on here telling people it was going to $2-$3. Bottom line is ...everyone needs to do their own DD. Definitely don’t listen to anyone on these boards including myself.

[mc67]

...caught that.. I was focused on the "We don't just invest in cos, we build them." part.. ~ (et al.) ~

[W S C]

You would be assuming incorrectly. Grlb is not who they are referring to. The correct answer is VREOF

[mc67]

$GRLB mmmh ??? Chop Chop !!! ..assuming we're the et al.

Merida Capital Holdings
@MeridaCap

Cannabis-focused PE Fund w/ 57 portcos. We don't just invest in cos, we build them. $MCMJ $GRWG $SHGFF $CRLBF $VREOF $JUSHF et al.

[mc67]

$GRLB Merida Capital Holdings
@MeridaCap
·
4m
New Mexico, NY, AZ...hmmm is any MSO currently big in those 3 places? Anyone, Bueller?

New Mexico, NY, AZ...hmmm is any MSO currently big in those 3 places? Anyone, Bueller?

— Merida Capital Holdings (@MeridaCap) April 1, 2021

[kgw]

This what happens when they got involved with Rocky Mountain High Brands and all that Mexican drink deals that til this day they lie about.

[midas716]

Same person still making excuses for this scam since .59. 'Miss the old days of Cliff a real CEO?' The one who lied about a Spain greenhouse making $17m in revenue per year? That Cliff? Good grief. Now the new guy touted as best thing since sliced bread, by same, puts this pos into bankruptcy? Yikes! Run... and run fast. No one loading this pos. Most can't even buy it with a stop sign. Plenty other plays running.

[Mister S]

Looks like Green Lotus Hemp is picking up certain products to add to the line under new names.. still in the game here people. Just some house cleaning g that needs to be done.

[skypilot1968]

Market Makers don't buy to lose money. We have had two 1 million shares trading days this week. Accumulation means someday they will push the price up. Patience.
Word from Carlos would not hurt.

[W S C]

Looks like Grlb’s IRIE hemp is going out of business.

[mightymk]

Mabye someday we will see them running this company, Hmmm sounds good

[BILLBOB1]

so i average down and the volume immediately dries up. i say CONSPIRACT THEORY. they are all out to get me! lol glta

[W S C]

You don’t need to convince me of the value here. At these prices, if a buyout company wants it.... they don’t put a bid in. They buy it and you read about it the next day.

[TheLandMan333]

LA, are you still holding GRLB? It was my impression that you sold because it didn’t fit your plan.

[la_trader]

no you're not getting it. that type of anomalous trade action means some type of event is coming. no flipper in their right mind is going to buy 1m shares when there is not enough avg daily volume in profit zone to flip that. they could easily go buy one of 20 other tickers like RSHN, WNBD, RBNW etc trading many millions in vol daily for easy flip.

just IMO- likely this action has something to do with present bankruptcy proceedings. buyout perhaps? we'll have to wait n see. keep in mind their exclusive mexico licensing deal is MONEY, no one else in US or Canada has that type of arrangement.

[la_trader]

Yeh- miss the days of Cliff and Ray, Cliff is a real CEO.

[W S C]

Agreed on Carlos. This isn’t my only play by far, it’s the one that interests me the most though. It’s a love/hate. I hate where we are and how quiet management is, but the quieter it is, the more I love it. If you invest in the ones everyone is talking about, you’re too late. I know I’m right on this stock, just early. Although it has proved me wrong over and over again.

[Mister S]

I’m thinking the same bud... Something brewing behind the scenes..

[Mauser866]

Carlos is a pos in my opinion. He’s bragging on line how he’s living the dream after he bankrupted this company & left investors in the dust. Hoping Merida pulls a rabbit out of the hat for you guys. In the meantime get into other plays. There’s so much money to be made out there. GL & JMHO