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I hope they do keep opening stores. I am only interested in a few MJ stocks and this one is suddenly being mentioned in my investment groups. Most of the people I know are very sceptical about any MJ stocks but this one is above the crowd.
Don't know what this used to be like but from what I can tell MCPI is very real. Locations and now product supply. OTCQB is not where scam Companies play.
CBMJ Introduces Oregon to Cannabis Infused Soda Line - Med-Cannabis Pharma Owned Central Coast ReLeaf Becomes First to Receive Products
Feb 10, 2015
OTC Disclosure & News Service
-
WEST PALM BEACH, Fla., Feb. 10, 2015 (GLOBE NEWSWIRE) -- CannaBrands, Inc. (OTCPK:CBMJ) announced that it is introducing five branded flavors of cannabis infused sodas to Oregon's medical marijuana market. Last week CannaBrands www.cannabrands.com launched a line of six marijuana infused sodas for medical distribution in the state of Washington. The sodas will first be available at Med-Cannabis Pharma (OTCQB:MCPI) http://med-cannabispharma.com owned Central Coast ReLeaf located at 1164 SW Coast Highway, Suite B Newport Oregon.
The five cannabis infused soda brands are Silly Citrus, Cheer Root Beer, Orange Frost, Giggle Fruit Punch, and the much anticipated Cheeba Cola. The products will be available at Med-Cannabis Pharma Inc. owned Central Coast ReLeaf beginning Wednesday and will begin rolling out to other outlets by the end of the week.
CEO of CannaBrands, Inc. Mark Schaftlein stated: "The team at CannaBrands has worked diligently to put in place the infrastructure that has allowed the introduction of sodas in two states within a two week period. Working with Med-Cannabis Pharma has been productive and professional in all aspects. The merging of professionally run and properly funded companies to the cottage/craft industry roots of the sector is critical to its overall success."
Med-Cannabis Pharma, Inc. President Graciela Moreno stated: "Access to consistent products over a geographic range has been a challenge resulting in only regionalized offerings from numerous suppliers. Companies that can provide a range of standardized products increases quality control while minimizing overhead. We look forward to furthering our plans of acquiring and bringing value to dispensaries and other strategic endeavors."
Surprised this company is still fooling people. Look out for another pump, "more stores opening". Can't believe they still have pics up of stores they never owned! They never report insider trades.. Someone call the SEC!
read the filings above. Google pump and dump scheme.
Hey John360 how do you or where do you find such info? I'm interested as I'd like to do my DD on many such companies and I think you may enlighten me on the path to follow. Thanks.
scam! company has $37, and $60,000 debt. Still has pictures up on site showing stores it didn't buy, but issues releases saying it did. Couldn't buy Cannabis Hemporium because it failed audit. It wasn't being run up to their standards. Yet they hire the owner of the company to be CEO? Oddly enough he owns most of the stock. hmmm. now they say they are buying more stores! so the stock will bubble again, they will sell, you will lose. They even say they can't maintain operations without $150,000! do diligence people!
Previously, on August 19, 2014, Med-Cannabis Pharma, Inc. (the “Company”) announced that it had opened two medical marijuana facilities in Washington. One is located in Port Townsend and one in Port Ludlow.
As of today, the Company has disassociated itself with operations at both of these facilities. Prior management of the Port Townsend facility failed to follow Company policies and procedures and was insubordinate. As a result, the Company has determined it to be in its best interest to no longer be involved in either of these operations.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
September 18, 2014
MED-CANNABIS PHARMA, INC.
/s/ Graciela Moreno
Graciela Moreno, CEO
the TRUTH
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
We are a development stage corporation with limited operations. Our independent registered public accounting firm has issued a going concern opinion in their audit report dated March 25, 2014, which can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“ SEC ”) on March 25, 2014. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next 12 months. Accordingly, we must raise additional cash to sustain our limited operations.
We presently are exploring other such sources of funding, including raising funds through a second public offering, a private placement of securities, or loans. If we are unable to raise this additional funding, we will either have to suspend operations until we do raise the cash or cease operations entirely.
The following discussion should be read in conjunction with our Financial Statements and the notes thereto and the other information included in this Quarterly Report as filed with the SEC on Form 10-Q.
14
Limited Operating History; Need for Additional Capital
There is limited historical financial information about us upon which to base an evaluation of our performance. We remain in the start-up stage of operations and have only begun to generate nominal revenue. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns, such as increases in marketing costs, increases in administration expenditures associated with daily operations, increases in accounting and audit fees, and increases in legal fees related to filings and regulatory compliance.
Currently, we do not have any arrangements for additional financing. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop, or expand our operations. Equity financing could result in additional dilution to existing shareholders.
Status as a Shell Company
As of June 30, 2014, because we have nominal operations and minimal assets, we are considered to be a shell company under the Securities Exchange Act of 1934, as amended. Because we are considered a shell company, the securities sold in previous offerings can only be resold through (i) registration under the Securities Act of 1933, as amended (“ Securities Act ”), (ii) Section 4(1) of the Securities Act, if available, for non-affiliates, or (iii) by meeting the conditions of Rule 144(i) of the Securities Act.
Results of Operations
Three and Six Months Ended June 30, 2014 and 2013
Revenues . We generated $0 in revenue during the three months ended June 30, 2014 and $2,153 for the same period a year ago. This revenue was derived solely from design consulting services.
We generated $0 in revenue during the six months ended June 30, 2014 and $7,071 for the same period a year ago. This revenue was derived solely from design consulting services.
ITEM 8.01 Other Events.
Previously, on August 19, 2014, Med-Cannabis Pharma, Inc. (the “Company”) announced that it had opened two medical marijuana facilities in Washington. One is located in Port Townsend and one in Port Ludlow.
As of today, the Company has disassociated itself with operations at both of these facilities. Prior management of the Port Townsend facility failed to follow Company policies and procedures and was insubordinate. As a result, the Company has determined it to be in its best interest to no longer be involved in either of these operations.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
September 18, 2014
MED-CANNABIS PHARMA, INC.
/s/ Graciela Moreno
Graciela Moreno, CEO
Current Assets
Cash
$ 37
Deposits
3,000
0
Total Current Assets
4,183
37
Total Assets
4,183
37
Current Liabilities
Accounts Payable
624
20,198
Notes Payable - Related Party
136,904
50,550
Total Current Liabilities
136,904
70,748
Total Liabilities
137,528
70,748
Stockholders' Equity:
Preferred Stock, $0.0001 par value, 25,000,000 shares authorized, 0 and 0 shares issued and outstanding
0
0
Common Stock, $0.0001 par value, 250,000,000 shares authorized, 210,000,000 and 210,000,000 shares issued and outstanding
21,000
21,000
Additional Paid In Capital
59,019,976
59,014,061
Accumulated Deficit
(59,174,321)
(59,105,772)
Stockholders' Equity (Deficit)
(70,711)
(70,711)
Total Liabilities and Stockholders' Equity
$ 4,183
$ 37
Thank you Nikkita ...
For the information you have provided. I am constantly looking for information but couldn't find info like that (like the last 2 or 3 messages you posted). Hoping to see more positives in the future.
Thanks again.
Next leg up looks about ready to start here :D
Company released a loi to acquire Port Townsend Herbal Collective for 126m shares.
The deal was canceled which was a smart move because 126m shares
was too much(deal happened when pps was much lower).
Now Townsend Herbal Collective reopened under the name of our subsidiary, Cannabis Hemporium.
So Townsend Herbal Collective is our dispensary, but without 126m shares issued. This is big news!
Company did not release a pr about it, but there was an article and company confirms it on the website. Herbal Collective had $240k revenue in the first 7 months.
It should be up and not dead and down. But shorties made a good job.
I hope we get news this week, the bid is a joke.
Only 100 shares traded at .45 and now all market maker are around .41
On friday ARCA wanted to cover his short position at .50, i would hurry. We should get news soon!
Absolutely Nikkita! Shorty Got Toasted & His pants are still Burning as I type this...
As soon as the Smoke Clears from His foolish Waste of Time, MCPI will Move in the Positive direction...
Ohhh... & did I mention that its time to Load uP :D
Com'oN NoW!!!
"Life's Grand",
Denny
http://www.peninsuladailynews.com/article/20140819/NEWS/308199980/new-medical-marijuana-facility-to-open-today-in-port-ludlow-while
New medical marijuana facility to open today in Port Ludlow while recreational pot lags on Peninsula
PORT TOWNSEND — While recreational marijuana retail outlets are in short supply on the North Olympic Peninsula, another medical marijuana facility is opening today.
James Loe, who opened the first medical pot facility in Port Townsend in August 2013 and was unable to acquire a recreational license, is expanding his offerings for those who have state authorizations for medical use.
His facility, which opened as the Townsend Herbal Collective in August 2013 at 1139 Water St., reopened under a new name, Cannabis Hemporium, on Monday.
Earlier this year, the dispensary was acquired by MedCannabis Pharma, a Carrollton, Texas-based company that owns medical marijuana outlets in several states.
Under these auspices, Loe will open a second facility today at 21 Shine Road in Port Ludlow under the Cannabis Hemporium name, with a third location planned in Kingston.
Medical marijuana facilities cannot sell to anyone without medical authorization, but many don't know the distinction and are disappointed when Loe won't serve them, he said.
Loe said about 15 or 20 people a day visit the store and walk away disappointed.
“We tell them where they can get a medical authorization, or we send them down to Sea Change Cannabis in Discovery Bay on weekends,” Loe said.
As far as recreational marijuana goes, only two Peninsula retailers have acquired state licenses, only one is in business, and that one is finding it hard to get enough to stay open longer than one day a week.
The state Liquor Control Board's licensing of growers has lagged behind demand, and there is a statewide shortage of legal marijuana for sale.
Sea Change Cannabis, 282332 U.S. Highway 101 in Discovery Bay, the Peninsula's first retail marijuana store, opened its doors July 25 with the intention of operating on weekends until enough marijuana was available to open five days a week.
But during its four weekend of operation, supply has been so low — and demand so high — that the store has always sold out early, according to owner Greg Brotherton.
Brotherton has been selling one-eighth of an ounce for about $60 and grams for $20, which is about double what is charged at medical outlets.
Forrest Thomsen, who has closed a medical marijuana dispensary in Port Hadlock, is the second entrepreneur on the Peninsula to get a state recreational marijuana license.
He is waiting to open until he can get a steady supply.
“We initially intended to open at the beginning of July, but we haven't found enough product,” Thomsen said.
“We have a lot of vendors lined up, but it's going to take a little longer to get enough to stay open more than a few days a week.”
Thomsen won't commit to a date but said he could open in Port Hadlock in September.
Gracen Hook, owner of Peninsula Herbal at 1433 Sims Way, who was first in a state lottery to be considered for a license in Port Townsend, is eyeing a November opening. He does not have a license now.
The location has operated as a medical pot facility for a year. Hook said he won't close a successful facility in favor of one that can open only a few days a week.
Hook said he could sell 3 to 5 pounds a day, but this depends on how many other retail shops are open in its proximity.
Hook has operated two medical facilities for the past year, one on Sims Way and another at 216 W. Patison St. in Port Hadlock, which he does not plan to convert to a recreational outlet.
Also operating a medical marijuana facility is Herbal Access at 2427 Sims Way.
Jefferson County is allowed to have four retail cannabis outlets: one in Port Townsend and three in the unincorporated areas, which includes Discovery Bay.
None of the others who won top spots in the state's lottery for consideration of licenses — Chimacum Cannabis in Chimacum, What Now! in Brinnon or Sol Good Cannabis in Port Hadlock — has announced plans to open a store.
A lack of reliable supply and a last-minute rejection of a store site have held up Clallam County's retail marijuana outlets.
“We're shooting for not later than Oct. 1, but in reality, it's probably going to be more like the 15th of September,” said Anthony Owen, owner of The Hidden Bush.
Owen expected to open his shop at 2840 E. U.S. Highway 101, but State Liquor Control Board officials denied that location after county officials said it was too close to a gymnastics studio frequented by young people.
That location was ready for a final inspection from the state, but Owen said he is making progress on another location on the highway outside of city limits.
“We got set back, but we're back on the horse and getting our new space finished and ready to go,” he said. “There shouldn't be a problem at this point.”
Malik Atwater is waiting for a steadier supply of marijuana before opening his Mr. Buds store on Marine Drive in Port Angeles.
Rodney Caldwell said earlier this month he too will wait for more marijuana to hit the market before opening Weed-R-Us on U.S. Highway 101 outside Port Angeles.
David Halpern's Sequim shop is held up by the city's ban on pot businesses. Last week, the council extended a moratorium on marijuana businesses in city limits for another six months.
Jennifer Brassfield of High Grade Organics shop in Forks did not return calls seeking an opening date.
Clallam County can have six retail stores: two in Port Angeles, one in Sequim and three anywhere else.
________
Jefferson County Editor Charlie Bermant can be reached at 360-385-2335 or cbermant@peninsuladailynews.com.
Sequim-Dungeness Valley Editor Joe Smillie contributed to this report.
Last modified: August 19. 2014 7:07PM
This is what´s really going on:
A walk down in plastic under low volume:
MCPI 8/21/2014 0.7000 0.7000 0.4481 0.5200 87,700
MCPI 8/20/2014 0.8250 0.8250 0.6500 0.7300 22,800
MCPI 8/19/2014 0.7700 0.8500 0.7410 0.8000 50,000
MCPI 8/18/2014 0.7800 0.8600 0.6520 0.7500 34,900
MCPI 8/15/2014 0.8600 0.9300 0.6150 0.8000 133,200
MCPI 8/14/2014 0.9900 0.9900 0.8510 0.9400 99,100
MCPI 8/13/2014 1.1000 1.1400 0.7630 0.9950 301,300
MCPI 8/12/2014 0.8400 1.1400 0.8000 1.0500 349,100
MCPI 8/11/2014 0.6500 0.8800 0.6500 0.8400 256,000
And please ignore this person, he is probably one of them. It doesn´t make sense to discuss with people who get an orgasm if they destroy something just because they never find winner early!
Stock went up without posts and it should continue when these a$$holes are done. Blaming the company if short sellers manipulate a low floater says it all!
These people have many followers and this is the reason why we are down. Unfortunately some people felt for it.
I am a little disappointed with the negative movement in the stock price with respectable news coming out. I would not say this is a scam but something wrong is going on. This type of movement looks similar to a lot of stocks haunted by stock predators.
silence....as MCPI falls 50% from where i warned people about the scam
$MCPI News:
On August 19, 2014, Med-Cannabis Pharma, Inc. (the “Company”) announced that the opening of two additional medical marijuana facilities in Washington. One is located in Hood Canal, Washington, in leased premises consisting of approximately 1,200 with a one year lease term and a five year renewal option. It opened on August 18, 2014. The second facility will open in Port Townsend, Washington, also in a 1,200 sq. ft. facility with a two year lease term and a three year renewal option. It will open on August 20, 2014.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10163595
10-q is out. Company really canceled these shares, o/s is 50m.
http://ih.advfn.com/p.php?pid=nmona&article=63310438&symbol=MCPI
stagnant buying and selling today.
MCPI the scam is over.
this could be the demise of it. it could slowly pump itself back above $1 and go to 1.50, but i HIGHLY doubt that.
i think this is all she wrote folks, maybe 1.00 again next week but thats all
back to .10 by this time next year
$MCPI @ .80!
This stock has potential to rise if people were to hold instead of trade. They are starting over, no need to short when they are trying to establish something. Let it go to $500 a share first.
MCPI - Could be a fake out or an opportunity. Going to be rough call here.
congrats to those who listened, you saved yourself lots of money
here you go, it hit the .60s. Say goooooood bye to MCPI, this trash is GONE!
looking weaker and weaker into the weekend, who knows maybe .50 TODAY
MCPI - Still strong heading into the weekend. Start worrying if this hits into the .60s.
Only someone who did not watch the stock sees it this way.
IHUB doesn´t show the news, otcmarkets.com
http://www.otcmarkets.com/news/otc-news doesn´t show the news(start site) and btw stock never reacted on news extreme and it trades like it traded 1 week ago. And it went up with this trading.
The only difference between the trading today and last weeks is, there were no bidwhacker. If people stop to whack, it would move up.
The bid was never strong here.
It doesn´t trade like a pos, it trades healthy, but few people think they have to whack to get out.
If you don´t like it, there are 1000 other stocks.
looking worse and worse each day, the news didn't even help this POS
Company will open the first 2 dispensaries next week! This was the reason why someone bought in a hurry.
It seems the stores are promising. ;)
The date is wrong with "on Monday, August 16th, and Wednesday, August 18th", there will be probably a correction pr. Should be next week.
News!
Med-Cannabis Pharma, Inc. Announces Planned Expansion Into New Mexico, Grand Opening of Two Stores in the State of Washington
PORT TOWNSEND, WA, Aug 15, 2014 (Marketwired via COMTEX) -- Med-Cannabis Pharma, Inc. (OTCQB: MCPI), a Nevada company specializing in medical cannabis sales, announces that it has obtained a letter of intent to lease a storefront in the Highland neighborhood of Albuquerque, New Mexico, a statutory prerequisite for applying for a permit to open a dispensary under the state's Medical Cannabis Program (MCP).
In addition, the Company has scheduled grand openings for its Port Townsend and Hood Canal Collective dispensaries on Monday, August 16th, and Wednesday, August 18th, respectively. The dispensaries will be operated under the Company's subsidiary, Cannabis Hemporium.
The Albuquerque location will become the fourth medical cannabis dispensary in that city, and its opening signals the Company's intent to serve the New Mexico market.
In the USA, 23 States and Washington, D.C. have enacted laws that legalize medical marijuana. The Company recognizes that its product is believed to improve the quality of life of individuals suffering from certain medical conditions. It also recognizes that the industry in the United States is still in its early days, undergoing constant scrutiny from a variety of regulators and tax bodies, and that many legislators are ambivalent on the topic, owing to pressure from constituents. As a public company, Med-Cannabis Pharma intends to maintain its high degree of transparency to those who rightfully monitor and inspect its operations and performance, operating with a degree of control and compliance more similar to the gaming industry than to a chain drugstore. Management believes that this sharp focus will preserve its assets, foster growth, and reduce collisions with those whose duty is to regulate medical marijuana.
http://www.otcmarkets.com/stock/MCPI/news
Mother f... how did I miss this?? What a run.
Thanks for your post Happgoluck! You are a very smart investor, I think you will be most useful on NEWL messageboard. By the way buy some shares there while your at it. Bump
It´s 10% down, you are not serious.
As soon they don´t get anymore shares at bid, these people will buy it up, higher and higher! It will go to multi dollars!
You don´t need to tell me what i have to do.
I bought .14 :) and i can post my honest opinion because i have my position and don´t need dirty tricks here!
That´s the difference smart guy!
stocks up 12000% don't hold up....they will have massive pullbacks, just like ALL pot stock scams this year, look at all the slow fades.
and tell me, what is MCPI doing since I started warning about it? it's gone down....and who cares my motive for warning, cheap shares blah blah. It doesnt matter, because any smart person would listen to me and sell their shares here for massive gains and buy back lower
dont INVEST in OTCs....TRADE THEM
You waste your and our time. I think in this board are around 8-10 people invested in MCPI.
You don´t scare anyone here. Money doesn´t come from ihub.
The facts are, company canceled 449m shares in the last 18 months, o/s was 500m, now it´s 51m o/s and you try to tell us they issue shares. lol
They also decreased the a/s. These signs are positive and not how scams act!
You also posted, we have to look at the history of the stock.
If you buy a house and the formerly owner was a fraudster,
would you like it if other people call you the same just
because you bought his house?
Another fact, the stock is 50000% up in the last 12 months.
In dilution stocks there are t-trades for example!
Why are there no t-trades here, hm?
You don´t like facts and i suggest if you don´t like otc stocks, post in all boards and warn people and not only here.
Or the smarter decision would be, don´t buy them and let people make their own experience. It doesn´t make any sense what you are doing!
Seems one of the best performing marijuana stocks in a moment all people selling marijuana stocks, is the only one you like to warn people.
I would spend my time in stocks with signs of dilution, fraud but not in stocks where you don´t know anything!
And this is the case here. You have no arguments, no point and your posts are not solid.
Other people who warn investors like Janice S. for example, they stick with facts but they don´t tell them what to do and they don´t try to scare people without having arguments!
Company did nothing wrong! And at least i would wait until they make mistakes before you post "scam"(in bold of course)...
Not here. This stock is legit, I did my research on it, reason why I'm a MOD here.
TIME WILL TELL
by the end of august we will see who is right
never invest in OTC stocks, especially after the pump is near completion or done like this pile of junk
going to be a sloooooow, ugly ending for this one in a year from now when the stock is below .25 and you wish you sold here
actually, thats exactly what a scam does; cancel shares
they do it to get amateurs to think the stock is legit, then behind their backs in SEC filings they re-issue those shares and probably more in the future and dilute the hell out of the stock
Well said Nikkita ...
I know the co is not a scam. Like you stated, a delayed 10-Q does not make a co a scam.
I did my DD. I just never thought to look on I-Hub for news or a news release this late. My bad.
Here's to a good future.
Then you tell investors they should sell....
Where have you been when pps was .01-.50?
I don´t think a 65 years old newbie without credibility should tell
other people who were smarter what they have to do.
I don´t think you are in the position to give investment advices.
We are all old enough to make our own decisions.
I would never tell anyone to buy or sell any stock.
NO ONE asked you what to do and it´s very obvious
and annoying how you trash this board.
You are way too interested that we sell!
Because of people like you it doesn´t make fun here.
Finding a great winner stock, everything looks great
and then clowns who did not spend 5 minutes to look
closer at it think they have to tell the people who were
smarter what they have to do, calling it SCAM(in bold of course)
and try to scare people with nonsense for getting cheap shares-
And the worst part is, ihub allows it.
I also post sometimes negative things in stocks,
GBTOD, PMBS, were the last for example.
But THEN i have reasons for it and at least i have a point and
best intentions and shareholders lost their money after it.
But i never told them they should sell!
You do the opposite and you do it to manipulate
for your own benefit. It´s a shame what you do!
I should ignore you, but i´m really annoyed of people like you
who always come after my stocks are 500% + up and bash
them with nonsense.
Get a life, improve yourself, maybe then you will also
find winner stocks early, but stop to annoy other people who
were smarter!
No one deserves it and no one needs your posts here!
You say no one knows what the company does, but in the same moment
you call it SCAM over and over again.
If you don´t know it, stop insulting the company!
What company has done, they canceled for example over 159m shares.
This is not how a scam acts!
And someone thinks different, otherwise pps would not be
where it is.
I prefer to follow the money instead of someone who tries really hard to get .50 shares!
There are 100 NYSE company with delayed filings.
https://www.google.com/?gws_rd=cr&ei=_i3sU4jxEIXAPL7EgPAF#q=%22NT+10-Q%22+nyse
So they are all scams, interesting. ;)
You are looking for very naive and unexperienced investors.
There will be never a selloff just because of a
nt 10-q.
here you go
Delayed Earnings Link HERE
SCAM written all over it, take your profits before you have none left imo
In response ...
Can you provide our group with the link that gave you this information? I just looked on their web page and found no press release or sec filing that states that they are delaying earnings. In fact I just read an earnings report and it was current.
They are in a development stage and have not opened any collectives or dispensaries to date (soon though).
Please provide the group with the source of your information.
Thanks.
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