Medical Cannabis Payment Solutions (REFG)

[prislea]

$REFG

0.0083
Pink Current, AS: 690M, OS: 608M, US: 366M

Tier Updated:
?? Pink Limited Information
?? Pink Current Information

OTC Profile https://www.otcmarkets.com/stock/REFG/security

Update: 2021-10-18 05:47:31 (UTC)

[JFXL2]

I wonder if this will help move this puppy? I know this has got get done before the SAFE act can pass, which make banking eligible to get into game

Congressional Committee Approves Federal Marijuana Legalization Bill
Sep 30, 2021

Washington, D.C. — Today, the U.S. House Judiciary Committee voted to advance the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, a bill that would federally legalize cannabis.

Sponsored by House Judiciary Committee Chairman Jerry Nadler (D-NY), the MORE Act is a comprehensive federal cannabis reform bill that contains strong social equity provisions with an emphasis on restorative justice for communities most impacted by cannabis prohibition.

Statement from Matthew Schweich, deputy director of the Marijuana Policy Project:

“We’re encouraged to see that the MORE Act is once again advancing in the U.S. House of Representatives. We cannot achieve meaningful and lasting criminal justice reform in our country without ending the war on cannabis. Lawmakers on both sides of the aisle have the opportunity and responsibility to come together and pass legislation to finally put an end to the decades-long failure that is federal cannabis prohibition.

“States across the country have taken the lead on cannabis legalization, and now it is time for Congress to pass federal reform, a policy that is supported by a strong majority of Americans.”

About the MORE Act:

If enacted into law, the MORE Act would: remove cannabis from the Controlled Substances Act; require federal courts to expunge prior cannabis-related convictions and provide for resentencing; provide grants and funding to communities most harmed by the war on cannabis; lift barriers to licensing and employment in the cannabis industry; protect immigrants from being denied citizenship over cannabis; and allow VA physicians to recommend medical cannabis to veterans. In 2020, the MORE Act was passed by the House, but it did not advance in the Senate.

Earlier this year, Senate Majority Leader Chuck Schumer (D-NY), Sen. Ron Wyden (R-OR), and Sen. Cory Booker (D-NJ) introduced a draft version of an alternative cannabis legalization bill, the Cannabis Administration and Opportunity Act. The final text of the bill has yet to be formally introduced.

According to the latest Gallup poll, 68% of Americans support marijuana legalization. To date, 19 states have legalized marijuana for adults 21 and over, and 36 states have legalized medical marijuana.

[JFXL2]

Interesting but there are plenty of the these guys out there now like trade desk, etc. I told myself about 7 months ago that for me to get into another penny company its has got to be solid. I will say their client base is a list of big names: Benz, EY, UCLA, etc.

I'll keep my eye on it.

cheers FX

BTW with all the current distractions in our government right now I'm not sure when the SAFE and other weed bills will resurface again. Very irritating. The money angle in weed stocks so obvious. As that article noted maybe NY will lead the way for other states... I thought CO might be that state seeing they're doing ok (understatement) so far.

[I-Man]

LOOK over at DBMM right now today... massive volume moving up from nonexistence to OTC compliant on last day before grey market stocks delisted and new changes come into effect...

[JFXL2]

I'm not seeing why this stock has ticked up today. I guess it could be the general house approval of SAFE again and MAYBE some senators have changed their minds??? The Senate has not been on board with weed at all.

It could also be the good sentiments surrounding NY Governor's adding two vital members to the cannabis board to final get the ball rolling in their state.

GLTA

Cheers, FX

[I-Man]

FROM TD today:

On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

We previously communicated that ahead of the regulatory enforcement date, we will only accept orders to liquidate impacted positions (i.e. no new buy orders) starting August 13, 2021. With the fluid nature of the situation and to better align our efforts across the combined company, we have adjusted the date for restricting the securities to on or after September 3, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.

[georgie18]

REFG...0089...:party:
[9:37 AM]
georgie18 — 08/12/2021
REFG...0058...Filled 600,000 plus here to round off my holdings...:party:

[JFXL2]

not me

[I-Man]

Anyone know of news of merger of company called "Dazed" by MEDH tweeted out by its CEO yesterday ???

[JFXL2]

thanks I will do

[I-Man]

Folks may want to look over at MNMD or even BLU right now. They both on groundbreaking events and tests going on and upgrades ...

[JFXL2]

I wondered what news that is not public yet sparked these trades?

DATE TIMESTAMP PRICE VOLUME TICK DIRECTION CHANGE
07/29/2021 14:21:33 0.0103 80,000 up 0.00
07/29/2021 11:41:41 0.01024 14,413 up 0.00
07/29/2021 11:09:48 0.0096 4,900 -- 0.00
07/29/2021 11:08:13 0.0096 25,000 down -0.00
07/29/2021 10:55:57 0.0103 150,000 up 0.00

[JFXL2]

There is plenty of news around to make this jump. We'll see if any of it ring true. Here are just two article from today.

https://www.marijuanamoment.net/schumer-to-unveil-federal-marijuana-legalization-bill-on-wednesday/


GOP South Carolina Lawmaker Defends Marijuana Stance Of Democratic Gubernatorial Candidate From Republican Attack - Positive commentary about GOP member jumping on board.


Cheers FX.

[georgie18]

REFG...011...adding the dips here...:partying_face:

[georgie18]

REFG...018...Been accumulating this one for quite some time...Crazy dip to .0001 this week and bounced right back...:partying_face:

[JFXL2]

Based on today's sell off, I think someone does not think so. Down 41%, how special. Do I bail and hope it comes back a little to minimize my loss...

Pennies suck LOL my bad!!!

cheers FX

[pmunch]

Are they still in business ? Do they have any customers or plans ??

[Golden Cross]

REFG Now pink current

[powerpak]

REFG $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[I-Man]

Where's the $$$$ fool??? I've been intimate with this company since inception and it has been a total waste of time and money... They still need to change ticker, as old ticker sounded like some energy drink "Refill Energy"... LOL

[powerpak]

DRIFT AWAY....DINGBAT....
REFG $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[I-Man]

??? What you smoking?? They said that several years ago too...

[powerpak]

REFG....LOOKING GOOD DDDDDDDDDDDDD so far today....SOLID FUTURE in the works IMO....$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[JFXL2]

yup to raise the price where we can get to a possible break even and get out. LOL

[I-Man]

THEY need to do a buyback like Execs just did over at SFT...

[I-Man]

MJ legalization bill being introduced into Congress today FYI...?

[Chartmaster]

Quarterly Report Out:
https://backend.otcmarkets.com/otcapi/company/financial-report/286336/content

[I-Man]

Yes thanks!

[JFXL2]

No Kidding. You and I have been here way too long. They're so tied to the weed sector and legalization, which kind of does not make sense why they are failing when there are so many states where weed is legal. One would think this product would be awesome purely from its compliance feature perspective.

But, what do I know? I only sell software in the insurance industry that is highly regulated under the heading called "surplus lines insurance" and each state has it own regulations that we have to build into software's accounting/billing system to comply with paying the surplus taxes on each policy written. That feature alone landed us tons of client. I think you see the parallel here. These guys F'd up bad. Oh yea. Whatever happened to the beta user from 2 years ago. hmmmm.

I cannot wait to find a breakeven to leave.

GLTU my friend.

cheers FX

[I-Man]

What a BIG disappointment here...

[JFXL2]

This puppy needs the Senate to jump on board with House on the SAFE act and this sucker will move for all of us. Until then REFG has been awfully quite. Weren't they going to change their symbol to better reflect what they do vs. being just associated to weed? Has anybody heard anymore about the symbol change lately?

Glad to see others are jumping on board.

Cheers FX

[powerpak]

REFG OTC PINK CURRENT....BUY AND HOLD for MASSIVE PROFITS straight ahead IMO....REFG $$$$$$$$$$$$$$$$$$$$$$$$

[powerpak]

This thing LOOKS GREAT....BUY, buy and buy....REFG......

[pmunch]

This thing looks dead

[The Mad Finn]

Bought in today at .020. 250,000

[I-Man]

Was that on OTC Markets or in SEC filing??

[Chartmaster]

REFG NOW PINK CURRENT

[Chartmaster]

Bought in today at .0272

[JFXL2]

Yo we're on the same team so no need to "shout" when it comes to investing. Already in and have been holding for a while. GLTU

Cheers FX

[powerpak]

I am a BIG SCHUMER FAN...but let us keep politics out of IHUB....
REFG looks very good to me in the NEAR AND FAR FUTURE...SUGGEST BUY and HOLD for MAJOR PROFITS IMO...

[pmunch]

REFG has had recent updates

Pink Limited Information
Verified Profile 04/2021
Transfer Agent Verified

[JFXL2]

I'm not a big Schumer fan in general but on this topic he has my support - see the last paragraph. If this ticker doesn't move on the Senate approval, assuming it gets passed, then this ticker dead... We'll see...

Cheers FX

The U.S. House of Representatives on Monday passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step towards removing what analysts say is a barrier to development of a national industry.

Lawmakers voted 321-101 to approve the bill and send it to the Senate.

The bill clarifies that proceeds from legitimate cannabis businesses would not be considered illegal and directs federal regulators to craft rules for how they would supervise such banking activity.

Banks have generally been unwilling to do business with companies that sell marijuana or related products, fearing they could run afoul of federal laws.


That has left companies in the marijuana industry with few options, including relying on just a handful of small financial institutions or doing business in cash.

The American Bankers Association has lobbied aggressively for the "SAFE Banking Act" bill.

"Banks find themselves in a difficult situation due to the conflict between state and federal law, with local communities encouraging them to bank cannabis businesses and federal law prohibiting it," the group wrote in a letter to lawmakers on Monday. "Congress must act to resolve this conflict."

Thirty-six states have legalized medical cannabis while 17 states now allow adult use, according to the National Conference of State Legislatures.


Senate Majority Leader Chuck Schumer, in an early-April interview with Politico, said he would try to advance legislation legalizing marijuana use for adults. Asked about the SAFE Banking Act, he said he would like to see such a bill move forward as part of a more comprehensive measure - even if President Joe Biden was not supportive.

[georgie18]

REFG...0242...Psar flipped to a Bullish Buy Position...

Chart... https://schrts.co/Ibszhdke ...

Authorized Shares
690,000,000
04/09/2021
Outstanding Shares
544,087,444
04/09/2021
Restricted
252,063,087
04/09/2021
Unrestricted
292,024,357
04/09/2021

[pmunch]

Nothing here

[JFXL2]

Let's see what this does to this stock price?

POLITICS: Marijuana Banking Bill Will Get A House Floor Vote On Monday, Majority Leader Confirms



insert-text-here


It will probably pass, which means it is up to Senate to push it over the goal line.

cheers FX

[speedy81]

Thanks for the info.

[JFXL2]

They place updates on the OTC Markets with little fanfare. I went snooping around.

For Example: as of 4/7/2021
https://backend.otcmarkets.com/otcapi/company/financial-report/277787/content

For Example: as of 4/7/2021
https://backend.otcmarkets.com/otcapi/company/financial-report/276845/content

At least they're current with their filling for a company who is listed as a PINK, limited information

Cheers FX

[speedy81]

This play was moving in the right direction for a decent time but now its just on a steady downhill trend and no recent updates, its frustrating.

[JFXL2]

These guys don't keep up on anything. It has been BS getting on 2 years now. Last I heard they were going to change their symbol to reflect the more of the software's capabilities of processing payments then just weed oriented processing - 2 months ago. Know one other than them them knows if the software has even been implemented as an "alpha" product that was mentioned 3 years ago and then silence...

Like I said these guys are looking like BS ore and more as time passes. IF I get back to my break even I'm gone.

GLTU

Cheers FX

[shanak10]

Seems this company has not kept up ... Nada ! Any info or updates ?? REFG

Hi, I must have sold it a while ago as I do not have it in my portfolio. You might want to check for updates here https://www.otcmarkets.com/stock/REFG/disclosure.
Sorry and good luck.