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Marijuana: Why the drug became illegal and the future of legalization http://a.msn.com/09/en-us/BB1cv9Kl?ocid=st
$GRLB -glad I scooped those 006-008!!!
Big day in cannabis land! Even grlb with a nice bump.
When you get a chance try GL brands sales representatives...Tanner Hakert, Timothy Perez, or Myles Teteak. They’re all very responsive & will help answer your questions to the best of their ability. Good luck
Are they out of business with CVS? Most stores I have checked, they are out of stock. That shouldn't be.
GRLB -creditor protection (ch11) + PPP money + Merida money + coming MJ sector boom = very good scenario.
plus anyone peek at the stock structure lately? it is as solid as ever, still a low float and low OS champion.
plus anyone peek at all of those large buys yesterday?? 1m buy, 2m on the bid, 600k+ buy, etc etc - well over 2m volume day.
sheep are losing their shares as usual. GL
LMFAO! there is no dilution son. show where that is or stfu.
all otc stocks are crooked - so what. no one is here for the girl scout cookies and choir songs.
BTW I made a shet-ton of trading profit recently on RMHB. play the stock, not the story. for story go watch Oprah.
Exactly...it wouldn’t make sense. Why would Merida throw away $750,000 if there wasn’t something brewing. I’m hoping it has to do with the anxiety study with Skylight Health or their drinks coming out this spring. They’re required to have a debt reorganization plan in by March ....& confirmation of that plan by June 30 th. The case summary stated the Green Lotus has a bright future if it survives the short term. Positive vibes coming our way. Prayers out to all the longs.....we still have hope. Don’t give up & enjoy your New Years coming up.
No it's called DILUTION, the company is bankrupt. Say good bye to your investment. They get their drinks from Rocky Mountain High Brands and got a bad deal with leaking cans. RMHB is in very bad money trouble as well. Take a look at their ticker. Con Jobs both companies are run by liars.
$GRLB added shares today- smart money is patient money
I agree there.. Merida wouldn’t throw more money away, I don’t think.
Exactly LA! The good news is they don’t expect to be in Ch 11 long. If Merida is backing them up again .... they must have something brewing on the back burner.
$GRLB -watching L2 action, retail getting fleeced. someone is throwing money at this to wash price down and load up cheap. think like the crooks.
You guys can check out all the details of the Ch 11 on line. Look up...Reorg case summary CBD company GL Brands. It’s very interesting & give hope. Merida is backing them up with a DIP loan for 750,000 at 15 percent. Says the company has a bright future if it can survive in short term. Fingers crossed! Check it out & tell me what you think.
Sub penny! Is today the day we go to 0! Notice my positivity
Thanks Mauser, well said and share those sentiments
Look forward to the new year, better communications and
Happy Holidays to all the Leafers!
GRLB$
Yep, what a way to ruin Christmas! On the upside my good friend is a bankruptcy attorney & said Ch 11 could be a very good thing for the company, as they’re restructuring the companies debt. Some companies come out stronger then ever after coming out of Ch 11. I know this is wishful thinking with Carlos lack of communication. I’m just trying to keep it the Christmas spirit positive. I pray you all have a blessed & healthy Christmas tomorrow.
.011z up again. We are truly blessed to have Carlos
Highly esteemed cracker jack businessman to guide us
Through this difficult bk time ;).
GRLB$
https://giphy.com/gifs/sarcasm-sarcastic-3o7aDggJJneFF2Mjks
definitely. and now with the bonus of not having to worry about debt service.
yes they will qualify for all forms of fed gov programs.
Most all of the CVS's around me are out of stock of Green Lotus hemp oil, and a couple are low on stock. That doesn't look good to me.
They got it from the first package as well. So they will likely get it from this one as well.
Just a thought.....This Chapter 11 may put them in line for some Govt aid under Cares Act or some form of Covid relief package. Any thoughts?
Frustrated with management but I see the potential here and I’m not selling at current prices that’s for sure. I’ll go down with the ship on this play but a PR is needed at this point for cryin out loud.
33% don’t forget the relief fund out there as well. And the potential of Merida stepping in.
..it could be that other large holders want to take in millions of shares rally cheap and the run it later on into dollars when rec. Marijuana is legal.. I don't mind the gamble.. screw it.
questiom is will they come out of chapter 11? Few do
LMFAO...ch11, pay attention. big difference vs ch7
It is down because the CEO does zero marketing of his stock, most retail are on sidelines, MJ bill stuck at almost done, xmas / new years holidays upon us, some folks panic and let fear dictate their losses.
GRLB was up 28% two days after the actual ch11 filing date and on the otc markets post date, on almost 1mil vol. care to explain that?
financials, protection filings from creditors mean squat in otc. it is all about momo and forward looking opportunity.
This stock will drop till it comes out of chapter 7
typical- news runs otc stocks. not fins. this will run with the MJ/hemp sector, it is low float / low OS and good traders see that.
plus there are no retail holders below this- just some occasional dumb sheep dropping a market order sell.
some nutball lost 400k shares today at 011 and would have to pay 016 to re-enter.
The day the news of bankruptcy gets out, the stock closed higher than it did two days ago... go figure.
Time will tell, but it held up better than I expected today. With this SEC filing I'd expect a PR in the near future to outline what happened/going to happen next.
That's crazy man, when I get that urge,
Turn off the computer
Crawl back to bed
Put covers over head
GRLB$
wow...some dumb mf's just lost a lot of shares. folks get emotional and market order sell like lemmings. did u see how fast those sheep .011 shares got bought? smh...
Merida owns them at this point IMO so it wouldn’t surprise me
Maybe another reverse merger to bring one of their portfolio companies public
You thinking M&A news in the near future?
LOL!...no set of steak knives though....
can't just wipe out a class of shares. and those commons are part of merida's invest holdings conversion deals @ in-the-money prices. of which they are under just as much as many here.
so why did price go up here 28% yesterday on large vol?
hmmm. well guess we see what happens today lol
IMO - financials don't mean chit in OTC land. only forward prospect and momo.
I guess it depends on the bankruptcy deal with their lender(s), most likely just Merida Cap. Will the common get completely wipeout or not?
ch11 means they have protection from creditors, yet the business remains running and bringing in money. for a stock with no PE multiple and no profit- the case for pretty much all otc stocks, it's not as big a deal as you think.
or would you rather see no ch11 and a big fat round of toxic lending dilution adding a billion shares to the pool? that my friend, would be much much worse.
ceo is protecting the business. that is my take on the move.
And yet there it is. Glad I bailed when I did.
Bankruptcy
Explains why they’ve been soo quiet
They can sell too. Most of meridas portfolio did great this year.
look at 5yr chart. only insiders and employees own it at or below present price.
Very possible... Lord knows anyone who bought this stock has suffered a loss.
My guess is this is tax loss selling.
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About GL Brands Inc.:
GL Brands is a multinational hemp consumer packaged goods company that creates authentic, enduring and culturally relevant brands engaged in the development and sale of cannabis-derived wellness products. Through its premier brands Green Lotus™ and IrieCBD, GL Brands delivers a full portfolio of hemp and hemp-derived CBD products, including tinctures, softgels, gummies, capsules, sparkling beverages, vapes, flower and topical segments to promote greater wellness and balance, in the U.S. and throughout the world. For more information, please visit https://www.glbrands.com.
JANUARY 2019: NICE WRITE UP FROM MICROCAP DAILY ON FREEDOM LEAF AS A GREAT GROWTH INVESTMENT: https://www.microcapdaily.com/22950-2the-inside-scoop-on-freedom-leaf-inc-otcmkts-frlf/122950/
JANUARY 2019: Pura Naturals and Freedom Leaf Reach Strategic Alliance Agreement for CBD Health and Beauty Products: https://www.prnewswire.com/news-releases/pura-naturals-and-freedom-leaf-reach-strategic-alliance-agreement-for-cbd-health-and-beauty-products-300772047.html
JANUARY 2019: Freedom Leaf, Inc. Appoints David Vautrin, VP of Sales of Origin House, to Board of Directors: https://globenewswire.com/news-release/2019/01/09/1682854/0/en/Freedom-Leaf-Inc-Appoints-David-Vautrin-VP-of-Sales-of-Origin-House-to-Board-of-Directors.html
NOVEMBER 2018: Merida Capital Senior Partner Named Freedom Leaf Board Chairman; New CFO Named and Announcement of Accuvape Acquisition: https://globenewswire.com/news-release/2018/11/28/1658480/0/en/Merida-Capital-Senior-Partner-Named-Freedom-Leaf-Board-Chairman-New-CFO-Named-and-Announcement-of-Accuvape-Acquisition.html
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