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So I don't have a lot of money but I sunk 5,000 when this was at .14 am I screwed?
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.
I thought Merida was our security blanket, looks like they are a bunch of crooks as well.
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
..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
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.
That’s a dick move
It looks like our goose may be cooked.
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.
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.
Where is the link to your information. I have seen nothing about the news that you present. Just wondering...
auction for the sale of its to-be-issued new equity interests of the reorganized Company
current commons all worthless
The Merida shares are commons.. no ?
no! commons will be canceled! new shares to be issued! be careful!
What in the hell? This thing can moveee with volume
LA what's up??? .0239 and over 8 million trades before noon. Is there some news that I missed?
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.
...caught that.. I was focused on the "We don't just invest in cos, we build them." part.. ~ (et al.) ~
You would be assuming incorrectly. Grlb is not who they are referring to. The correct answer is VREOF
$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.
$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
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.
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.
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.
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.
Looks like Grlb’s IRIE hemp is going out of business.
Mabye someday we will see them running this company, Hmmm sounds good
so i average down and the volume immediately dries up. i say CONSPIRACT THEORY. they are all out to get me! lol glta
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.
LA, are you still holding GRLB? It was my impression that you sold because it didn’t fit your plan.
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.
Yeh- miss the days of Cliff and Ray, Cliff is a real CEO.
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.
I’m thinking the same bud... Something brewing behind the scenes..
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
Nothing we can say will ease your mind.. a lot of us are in the same boat, #metoo. I haven’t bought any new shares in months and won’t buy blindly just because of price or price action... 1mil shares on the bid is nothing at this price and IMO is someone looking to flip quick.
My 525000 shares look really sad about now : (. Most were bought under Freedom Leaf. It seems like Carlos or someone could say something. I am fearful to buy anymore shares and average down, because I know nothing about the condition of the company. If anyone could ease my mind I would appreciate it.
understand very well what you're saying, just a huge disappointment with carlos
..I'm good w/the .014's I got.. I don't believe interested parties will let this ship go down.. way too much invested and so many other people and related Merida companies to come in and fill the gaps IMO .. feel like (not sure) Carlos got a going away care package already and we're gonna get to be new U.S, MX, EU gateway for a number of Merida companies.. but that's just a feeling..
big stop loss cleanout today...shares stolen. and where did it close...up 10% for the day? lol.
erratic price action on volume says some type of event is coming.
I don't see anyone talking about the 1 million share bidder yesterday @.01
I’ll vote no. Nobody wants to talk about this stock from management to Merida.
Think they’ll actually have an initial plan by 3/31?
HOW A CANNABIS DISPENSARY ECOMMERCE SITE CAN FAIL TO ATTRACT SALES https://420digitalstudio.com/how-a-cannabis-dispensary-ecommerce-site-can-fail-to-attract-sales/
Then they should appoint someone new to get out of this mess
I think he has moved on to another project https://instagram.com/charlys_cannabis?igshid=1qb4seht22xqq
I have been here with and because of Freedom Leaf. I was here when it went to .78 (and didn't get out...looking back that was really foolish). Sooo I am really underwater with a LOT of shares. Does anyone know what Carlos is doing? He use to be so up front and gave updates continually.
Just throw us a bone. Tell us about Mexico...canned drink....sales...revenue...anything. He has not responded to even one inquiry. Are we still in business? Is there anything with Merida? Isn't a CEO suppose to give some kind of report to the shareholders???
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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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