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Nope it's Jacksam. You obviously haven't dealt with this company. I was planning my future opps on their equipment and cartridges, turned out to be a major fail. They have terrible products and their support is the worst I've ever experienced. They promised to resolve issues, that better products are around the corner. No, they deliver late, and the new stuff is worse than the old. I'm surprised they are still in business
I just hope volume picks up soon. So quiet... unlike some others ;)
What are you even talking about? May be the wrong stock.
What a terrible stock. Do they have a road map to cash flow positive? They call themselves a tech company? They have no tech, they design crappy cartridges that fail 80% of the time. Disaster
Once new shares are issued, you may want as many as u can acquire. Big big things coming in 2019 IMO. This is a HUGE sector #CBD #CANNABIS $JKSM.
Great to see that in effect now. Maybe some volume soon.
S1 approved, might see some action here soon https://www.otcmarkets.com/filing/html?id=13222293&guid=t8htUq1qM7Eqrth
If I understand it correctly, I think it is just further details that need to be filed with the SEC.
Thanks for that. Wonder what's happening that would cause the delay.
Yes. I think it is just delayed. Time still TBD.
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a), MAY DETERMINE.
Has anyone been able to download this and see what they are amending? I've tried several times and the download times out.
Dang. So they released another. Nice!
Yeah, sure has been quiet lately. S-1/A out today.
https://www.otcmarkets.com/filing/html?id=13204739&guid=XmQtUKcyVTq1wyh
Apparently we are dead in the water. This thing doesn’t trade
Waiting for this to blow up!
Hey dude shoot me an email when u have a sec, sneekslopes50@icloud.com
I thought we should have been getting news a while ago. Maybe this week it drops! Clearly someone stepped on the throttle.
Danny Davis quoted here: Recent Legalization Clears a Path for Cannabis Market Growth
https://www.marketwatch.com/press-release/recent-legalization-clears-a-path-for-cannabis-market-growth-2019-01-17-918300
"Over the next couple years we will see 40 or more states approving cannabis for medicinal use, the overwhelming majority of those states going full recreational," said Danny Davis, Managing Partner of Convectium. "I anticipate the next administration will lean left and that will likely be the catalyst to a push for re-scheduling and federal approval. With this deregulation, we will see national support among citizens grow into the 70% or higher range, making M&A activity more commonplace among traditional firms and corporate sponsorships from cannabis companies less stigmatized and more mainstream."
So, not sure if people realized but the S-1/A came out. Link provided below:
Jacksam Corporation S-1/A
Description of Business
We are a technology company focused on developing and commercializing products utilizing our proprietary technology platform. We service the medical cannabis, hemp and CBD segments of the larger e-cigarette and vaporizer markets with our oil vaporizer focused products. At present, we have three principal product lines consisting of the 710 Shark cartridge filling machine, the 710 Captain cartridge capping machine, and our proprietary cartridges. Our customers are primarily businesses operating in jurisdictions that have some form of cannabis legalization. These businesses include medical and recreational dispensaries, large and small-scale processors and growers, and distributors. We expect continued growth as we take measures to invest in our own molds and intellectual property. We utilize a direct sales force, independent sales representatives, a referral network of manufacturers of related equipment, and our website, convectium.com, to sell our principal products.
Our flagship product is the 710 Shark vaporizer cartridge filling machine. It is designed to inject oil into various cartridges (glass, plastic and PODS) while also having the capability to fill bottles and other form factors. The 710 Shark is based on a pneumatic system and has a heating mechanism that allows the oil to be injected and processed. It can fill 100 traditional cartridges in less than 30 seconds, saving our customers the valuable time and labor expense of hand filling cartridges - which is currently the industry norm. We estimate that, in most applications, the 710 Shark will have a 60x faster rate than hand filling. The 710 Shark is currently produced in China and the machine is now on its seventh version.
In the second quarter of 2018 we introduced our 710 Captain capping machine. It is designed to affix caps to the cartridges filled by our 710 Shark filling machine and matches the production capacity of the 710 Shark at 100 cartridges in 30 seconds. It is pneumatically operated. The 710 Captain is currently produced in Irvine, California, by a contract manufacturer.
A much smaller portion of our business consists of our sales of non-proprietary vaporizer cartridges with core materials ranging from plastic to glass and heating technology from cotton wicks to ceramic and wickless materials. We also offer a selection of batteries to match the cartridges. Batteries range from button-less standard heating to push-button adjustable heating settings. Most of the vaporizer cartridge and battery units can be customized to our customers’ specifications, including adjusting colors, materials, and adding logos and images per the customer’s request. We deliver the vaporizer products unassembled and deliver the hardware directly to customers where the product is then filled and assembled at customer’s place of business by their personnel. We maintain relationships with packaging manufacturers who offer sophisticated labeling and customization capabilities, allow us to add value to our customers’ packaging design processes.
We have two distinct distribution platforms for our products, traditional direct sales and online sales. The majority of our sales are direct B2B sales of our principal products, namely the 710 Shark, the 710 Captain and our proprietary cartridges in North America. We generate these sales through our employed sales force, outside independent sales representatives, and our referral network of related equipment manufacturers and resellers. Our primary customers for our principal products are medical and recreational dispensaries, large and small-scale processors and growers, and distributors. We utilize our convectium.com website to support these sales channels and products.
Separately, and at a much smaller scale, we sell non-proprietary cartridge and battery units both B2B and B2C using our BlackoutX.com website with limited support from our inside sales staff. While we have sold these collateral products into 52 different countries, most sales are into North America. We do not intend to devote substantial resources to expand this business over the next twelve months.
Our employed sales force consists of seven direct sales representatives and three inside sales representatives. The inside sales representatives are prospecting for leads and pass along larger leads to the outside representatives. We anticipate continued expansion of our sales team throughout North America as the demand for our products continues to expand.
Change in Operating Shares:
The 710 Shark Filling Machine
710 Captain Capping Machine
Vaporizers-Cartridges and Disposables
In addition to our proprietary cartridges, we also offer non-proprietary delivery devices for dry herbs, oils, and waxes.
Products:
· Dry Herb+ v2.0
· PREM31R Vape
· V2.0 Wax Disposables
· 710 Lite 2.0 Oil Disposables
· Stainless Steel Vape Cartridges
Our Business Strategy
Our overall goal is to become a leading technology company in that segment of the vaporizer filling, capping and systems business that focuses on serving the cannabis, hemp and CBD industries. We are focused on developing and commercializing products utilizing our proprietary filling, capping and vaporizer systems.
Total Shares owned Beneficiary Owned
42,986,822 shares
Prior to Offering Shares:
Roughly ~10,000,000
--------------------------------------------------------------------
Description of Capital Stock:
We have authorized capital stock of 100,000,000 shares, consisting of 90,000,000 shares of common stock, par value $0.001 per share, and 10,000,000 shares of preferred stock, par value $0.001 per share.
--------------------------------------------------------------------
At the bottom of the filing is the total assets from Dec 2016 thru Sept 2018 if someone wants to post about that.
Hope this helps!
Might as well buy some 2’s if you can get them. Something appears to be coming down the pipe. Wish I had grabbed some 1’s.
Seems the market cap has risen recently. They must have increased the float when the name change went thru??
Very nice! Finally moving.
The way this is moving. Any serious PR and this moves on air.
Oh my.....I was never a doubter, lol.
yeah, guess the buyer at 1.5 and 1.6 is filled and they let it go now. Just 1 PR and we might see 5+
Seems like someething is about to happen. Thhis has been steadily going up for the past couple days and now we are at $3.00. If news drops, wow this will be a ride.
Good to see that volume!
I figured something would be ready to drop at any moment. Accumulation keeps occurring and we just saw the ask and bid dramatically increase. We will see man.
1.80x1.85 on L2. Maybe some movement soon? My only concern is a market cap of 77 million seems a bit high...
At this point its stupid to release anything before the New Year at this point. So that is my guess.
I personally think they are waiting for the holidays to be over and the new year to start. I’m positive they have a lot going on behind the curtain
Certainly has been slow lately. Perhaps in 2019 the pace will pick up.
This is a fun stock...love the action. Geese, come on already.
Figured u were quietly lurking over there lol
Not yet. Bid sitting...
Are u in CBE* aswell?
Wouldn't take much to get over $2 with a little volume.
Spread is disgusting right now
Strong bid support showing on L2 now. A nice little move up before the holidays would be jolly good!
The run here is going to be epic I think
Got a feeling there’s tons going on behind the scenes
I have a feeling once Trump signs farm bill, this will get really interesting. Hoping for news before New Year.
Should be a great week here guys!!!
Sing looks like a great company it just doesn’t move lol but good investment forsure
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