Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
100% spot-on. I see a couple of other shit-clown posts too, but Happy New Year everyone. Let's see an even better 2024!
No Reverse Splits for 5 YEARS means July 2027
Pervasip Announces 2 Billion Authorized Share Reduction and no Reverse Splits for 5 Years
July 21, 2022 at 09:16 am EDT
Share
Seattle, WA, July 21, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the decision to reduce the Company’s authorized shares and provide new guidance on reverse splits.
The Company’s board of directors has authorized a reduction of the number of authorized shares by 2 billion and will file the necessary certificates of amendment. “This is a significant step for us. We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders. We believe this reduction leaves enough shares in reserve for us to undertake any needed capital raising efforts, while also minimizing dilution among our shareholders,” said German Burtscher, Chief Executive Officer.
In addition, the Company has decided to announce that no reverse splits will be entertained for the next 5 years. The only exception would be a future uplisting to OTCQX.
That was beautiful man, I am all choked up!!
I am so moved by your interest in other peoples money and to think you would share your investing expertise with a free message board is amazing.
Why not sell this amazing market data with your own investment show on CNBC, I am sure they would pay you more than you earned here, which is zero. LOL
You better pedal faster, 650 Million on the BID.
What will you say when they take it back up in 2024?
Lets hope we get those .0001 !!!
Artizen Spin Off will be ALL Common Shares, Investors and Founders will all hold the same stock!
Same thing will happen with PVSP once they announce the new aquisition, reverse merger.
LOL ,, the company is not destroyed, and will continue after share price goes to .0001 and RS, Rinse and repeat
Paul Riss and ZEN owners will not loose a penny as their shares are preferred, not affected by Common shares market price
I mentioned that one year ago, it was clear that it's toxic financing scam that will destroy every shareholder
The market is avoiding it for a reason
No good good entry price , regardless of how low it's
If you bought at .0006, that will be the high as the note holder only way to sell after that is the .0005s, and so on
This is how it went from .004 to .0002, death spiral
Once it's .0001, time for RS, then the same journey to .0001
At some point, there will be zero buyers and time to turn the lights off
Unrestricted stock being sold and bills being paid via stock. They will wait until debt free before doing RS.
Where did his cash flow, other than Artizen, come from? All he received was 161,500 Series K preferred shares.
Not quite, he gains a clean shell which helped him with cash flow pre RS.
If that bid on 2's were large enough, it would have got obliterated today IMO. The fact we cant even get support @ $.0002 tells all we need to know. Management and former management has absolutely destroyed this company. I don't see where Artizen ( Timothy Foia) has gained anything by going public by way of debt and mismanaged laden PVSP. Probably kicking himself in the ass daily for agreeing to the deal.
All nonsense relative to this stock and this board. Are there any 3s remaining for sale??? Any bets re a RS???
Zen
There's another reason, he's the PR of Paul Riss, paid $15/hr 🤣
So we should be working on the .0001s pretty soon. No other reason for your post.
Will Year of the Dragon breathe fire into the marijuana market in 2024?
By Andrew Kaye
December 28, 2023
According to the Chinese horoscope, 2024 is the Year of the Dragon, which represents power, nobleness, luck and, most importantly, success.
As the new year approaches, we’re thinking about trends likely to impact state-regulated cannabis markets in 2024.
Here are eight predictions:
1. Ongoing expansion of regulated marijuana markets means continued growth for both medical and adult-use cannabis.
Despite a continued federal ban on high-THC cannabis, new states will continue to legalize taxed and regulated marijuana markets.
People want it, the regulatory discrepancies between alcohol and weed are increasingly seen as absurd, and politicians love the tax dollars generated by the industry.
This is a national phenomenon for red, blue and purple states, whether they be in the North, South, East or West.
2. Rescheduling marijuana from Schedule 1 to Schedule 3 of the Controlled Substances Act will finally occur, resulting in the elimination of the Section 280E tax requirement and equalizing the tax burden for cannabis companies.This is a biggie that prevented cannabis companies from taking standard business deductions, thereby seriously hurting profits.
Furthermore, rescheduling can be accomplished by administrative rather than legislative action.
The U.S. Department of Health and Human Services (HHS) recommended a lower schedule in August, and the Drug Enforcement Agency is likely to concur.
Being able to deduct selling, general and administrative expenses like every other company in the United States will vastly improve the profits of cannabis businesses.
The public equity markets will love the change, too, as existing and emerging cannabis operators will show much better financial results.
3. SAFE, SAFER or SAFEST cannabis banking reform will not happen.
Presidential election years are never hospitable to new federal marijuana legislation or reform. The 2024 election year will be no different.
4. Incumbent states will continue to experience price constraints, while newly legalized states will enjoy (for a time) robust pricing.
Cannabis follows the same supply-and-demand forces as all other industries.
In incumbent states where legalized cultivation and sales have been in place for a decade, the large number of suppliers depresses prices.
In new legal marijuana markets such as Maryland, New Jersey and New York, the price per pound that cultivators get might exceed $3,000 at the start, but growers will no doubt face the same price declines as their Western counterparts as these markets mature.
The entire industry will need to become more efficient through automation to remain in business.
5. There will be more segmentation in the market.
As the cannabis industry matures, consumer segmentation will proliferate.
More than 50% of consumers are now women and nearly 60% of consumers are married with children, countering the “hippies and hip hop” image many have of cannabis.
To adjust, marijuana businesses should offer less-potent products in addition to stronger products.
6. The East will be a beast.
East Coast markets and, to a lesser extent, the Midwest markets, will continue to experience strong growth, albeit at a more modest pace.
Much will be repeated from the incumbent Western states, with initial wholesale prices of $2,500-$3,000 per pound followed by accelerating decreases in pricing as more participants enter the market.
However, the illicit marijuana market will plague the East as much as it has the West.
New York already is inundated with ubiquitous “smoke shops,” and enforcement has been spotty.
Florida will be huge as well, once the fiction of “medical cannabis” gives way to adult-use options.
7. Growth of consumption lounges.
The public use of cannabis in all its forms will be bolstered by the continued growth of consumption venues, and Las Vegas will lead the way.
Whether flower, edibles or beverages will dominate is anyone’s guess, but the cannabis hospitality industry will no doubt experiment with a variety of formats to find the formulas that work.
This will impact the industry in multiple, unknown ways as a more defined cannabis culture emerges as a result of individuals gathering to consume with friends and strangers.
https://mjbizdaily.com/these-trends-could-impact-cannabis-market-in-2024/
Is 49 shares traded by a market maker some sort of signal if repeatedly done? I see numerous 49 share trades today.
April 2024 Prediction of Rescheduling of Cannabis !!
Curaleaf executive chairman gives 2024 cannabis industry outlook
Boris Jordan, CuraLeaf Executive Chairman, joins ‘Fast Money’ to talk the cannabis sector heading into 2024.
TUE, DEC 26 20236:06 PM EST
CEO says rescheduling of Cannibus will drop tax rates from 70% to normal business rates resulting in hundreds of Millions of savings for the industry.
The Cannabis market worldwide is projected to reach a revenue of US$51.27bn in 2023. It is expected to show an annual growth rate (CAGR 2023-2028) of 14.95%, resulting in a market volume of US$102.90bn by 2028.
https://www.cnbc.com/video/2023/12/26/curaleaf-executive-chairman-gives-2024-cannabis-industry-outlook.html
Hopefully our new Marketing Director isn't smoking up all the Artizen product and is actually doing her job and preparing an actual Marketing strategy.
Quite a stranglehold on this company right now.
Or whoever picked up a ton at .0001 . . . you know who you are. I do.
It is either Mammoth or Riss or both dumping. I don't think retail would be dumping much at this level IMO
So when is the 3 year no RS date expire??
But they still have to dump for peanuts.
Right on cue...Company generating millions in annual revenue and trading @ $.0001 / $.0002 / $.0003. an absolute shit show....
they will get in at 0.0001 easily
german doesnt give a chit...this could be mammoth also...our friendly lender LOL
$15k dump, whoo whoo!!!
Last of the Tax loss selling, interesting to see if they are able to get back in after 30 days.
Paul Riss is not required to file a Form 4 when selling any of his 321M common shares, right?
Biden poised to loosen restrictions on marijuana
US domestic policy
Biden poised to loosen restrictions on marijuana, but some say it’s not enough
Legalization advocates say reclassifying drug to schedule III from schedule I doesn’t resolve state and federal law conflicts
Chris Stein in Washington
@ChrisJStein
Tue 26 Dec 2023 13.00 EST
The US government appears poised to announce next year the most sweeping changes in decades to how it handles marijuana, the psychoactive drug dozens of states allow to be sold from storefronts, but which federal law considers among the most dangerous substances.
Evidence suggests that Joe Biden’s administration, responding to a policy the president announced last year, is working on moving marijuana to schedule III of the Controlled Substance Act (CSA), a change from its current listing on the maximally restrictive schedule I. That would lessen the tax burden on businesses selling the drug in states where it is legal, and potentially change how police agencies view enforcement of marijuana laws.
“If it’s going to be finalized at schedule III, it’s going to be the moment that the industry really is able to turn the corner and we begin to see the growth in the cannabis space amongst the legal operators that we’ve been waiting on for so long,” said David Culver, senior vice-president of public affairs for the US Cannabis Council, a trade group.
But other marijuana legalization advocates regard changing its classification as a half-measure that would do nothing to resolve conflicts between state and federal laws that emerged after weed legalization picked up speed a decade ago.
Marijuana faces the same federal restrictions as drugs like heroin and ecstasy under the Controlled Substances Act (CSA), but 38 states have approved its use for medical conditions, and 24 states and the District of Columbia allow adults to also consume it recreationally. That conflict has complicated the marijuana industry in states where it is legal, particularly when it comes to access to banking services, and Paul Armentano, deputy director of the National Organization for the Reform of Marijuana Laws (Norml), said rescheduling the drug would not resolve that.
“Classifying it as schedule III would make every existing state cannabis law that’s currently inconsistent with federal law as equally inconsistent going forward. So, it doesn’t solve any of the problems before it,” he told the Guardian.
“It needs to be descheduled for logistical reasons, for practical reasons, because we have a system right now where the majority of states are choosing to regulate marijuana as a legal commodity through their own state-specific systems, and that act is not permitted for any substance that is in the CSA. That is only permitted for substances that are not scheduled.”
Last month, Gallup released a survey that found 70% of Americans think marijuana use should be legal, a record number.
Biden does not appear ready to go that far. In his statement announcing marijuana reform, which was released about a month before last year’s midterm elections, the president pardoned all people convicted of simple marijuana possession federally, and also kicked off the review of the drug’s classification under the CSA.
That process is typically a bureaucratic affair, in which the Department of Health and Human Services reviews the substance and sends its findings to the Drug Enforcement Administration (DEA), which then decides whether to change its classification. Yet signs have already emerged that marijuana is being treated like no drug before it.
On 30 August, the US health and human services secretary, Xavier Becerra, announced on X that his department had completed its review, an unusual public status update for a process that is typically opaque. And his account made the post at 4.20pm, a number of great significance in cannabis culture.
Becerra did not specify what his department had recommended, but Bloomberg News obtained a letter from HHS to the DEA that recommended marijuana be put on schedule III, alongside drugs like ketamine and anabolic steroids.
Tahir Johnson, a board member at Minority Cannabis Business Association who is planning to open a dispensary in New Jersey next month, said rescheduling would help his business by lessening its tax burden. Federal law currently prohibits marijuana businesses from deducting their expenses from their income, meaning they sometimes pay tax rates upwards of 80%.
“It will help all cannabis businesses. But, I think especially for minority businesses, where capital and finances are tight, being able to alleviate that is certainly meaningful,” said Johnson.
Armentano also expects a rescheduling could help Biden’s reputation with the voters who make up the Democratic coalition, as well as people outside his base. Gallup found 87% of Democrats think marijuana should be legal, along with 55% of Republicans and 64% of people older than 55.
“It behooves the president to have this core base passionate about something that he’s doing to try to address the enthusiasm gap that he seems to have now,” he said.
Kevin Sabet, president of Smart Approaches to Marijuana, which opposes legalizing the drug, argued dropping pot to a lower CSA schedule would harm public health.
“It’s going to ramp up commercialization, it’s going to ramp up the marketing and the glamorization of marijuana,” Sabet said. “It’s going to do that both in a practical way with this deducting expenses, and it’s going to do so in a global way, by just sending the message that this is harmless.”
Until marijuana is legalized federally, it will still be up to Congress to resolve the conflicts between state and federal law, and progress there has been slow. A bill to allow cannabis businesses access to more financial services, known as the Safer Banking Act, has been passed by the House of Representatives six times, and is currently working its way through the Senate.
Starting in 1972, groups including Norml have petitioned the DEA and HHS to reschedule marijuana, to no avail. Armentano said the stage appears to be set for political considerations to finally get federal agencies to back down, at least partially.
“Frankly, if this petition is successful, and the DEA reverses 50 years of precedent, then it just speaks to the fact that all along this process has simply been a political one,” he said.
WSJ:: Verano Bullish on US Cannabis Industry!!!!
Verano Executive Bullish on the Future of the U.S. Cannabis Industry
A potential decision to reclassify cannabis as a less restrictive drug and pending banking legislation could have a lasting impact on the sector, says company president Darren Weiss
By
David Smagalla
Follow
Dec. 26, 2023 6:00 am ET
Share
Resize
The past year was pivotal for the legal cannabis industry’s acceptance as a mainstream business in the U.S.
The Department of Health and Human Services in August recommended to the Drug Enforcement Administration that marijuana be reclassified to a less restrictive Schedule III substance from a Schedule I substance. The Senate Banking Committee, meanwhile, in September approved the Secure and Fair Enforcement Regulation Banking Act, which would give cannabis businesses greater access to banking services, and it now awaits a vote on the Senate floor. And in November, Ohio became the latest state to legalize adult recreational marijuana use, bringing the total number of U.S. states that permit recreational cannabis use to 24.
Risk & Compliance Journal spoke recently with Darren Weiss, president of Verano Holdings, one of the largest cannabis businesses operating in the U.S. Weiss, who previously served as the Chicago-based company’s general counsel and chief legal officer, gave his thoughts on the changing industry and the challenges it will face in 2024. The interview was edited for length and clarity.
Darren Weiss is the president of cannabis company Verano PHOTO: VERANO
WSJ: What’s your approach to the evolving landscape of cannabis laws in the U.S.?
Weiss: The approach really has to be one of agility. We’re dealing with 14 different sets of regulators, 14 sets of legislators—the 13 markets we operate in, plus the federal government—that have various different priorities and nuances.
It’s important not only that we are in the loop as to the zeitgeist in any particular market, but also that we are staying ahead of the curve as it relates to market opportunities that are presented by either changing laws or changing enforcement of those laws.
WSJ: What’s one legal development on the horizon that could most change how you do business?
Weiss: The one that comes to mind first is this rescheduling recommendation. No one really knows exactly what that’s going to mean for us as a business, whether it means that the federal government is going to treat cannabis as a Schedule III substance, whether it means that there will be a path for drug development and manufacture…what it means in terms of access to debt and equity markets, banking, credit cards, all the different things that may come with the liberalization of federal laws and federal rules. That change—and, as importantly, how that change is implemented—can have a monumental impact on the business.
In addition, there’s been discussion now for several years around a piece of banking legislation, the Safer Banking Act, that may or may not have any chance of getting anywhere—and frankly may or may not even have a tremendous impact on all businesses in the space.
One of the biggest opportunities for a company like Verano is unlocking access to the traditional debt and equity markets, both of which are available to all other federally legal businesses, which could include uplisting to a U.S.-based exchange like Nasdaq or the NYSE, which would open the door for institutional investment.
WSJ: What do you think will be the biggest compliance challenges for the coming year?
Weiss: Along with constantly navigating state-by-state regulatory and compliance nuances, politics continue to be a major factor affecting the cannabis industry at large. Cannabis enjoys growing bipartisan support and many politicians on both sides of the aisle agree on supporting cannabis reform generally. But they often hold opposing views on federal legalization that would require different compliance and regulatory models.
As an industry, we also continually encounter outdated political opposition resulting from decades of failed cannabis prohibition policy and propaganda, which contributes to the stagnation of federal reforms and excessive regulations at the state and local levels that hinder the industry and its many economic and social benefits and allow the illicit market to continue to operate in the shadows. We will prepare for all potential scenarios and continue dialogue with elected officials to ensure our experienced team is ready to pivot in any direction resulting from the changing political winds leading into an election year.
NEWSLETTER SIGN-UP
WSJ | Risk and Compliance Journal
Our Morning Risk Report features insights and news on governance, risk and compliance.
Preview
Subscribe
WSJ: Do you find it easier these days to talk to banks about your business as more states allow for recreational adult marijuana usage?
Weiss: It’s gotten significantly easier, as big banks and small banks are much more open to working with us. One of the big changes that we’ve seen as well are financial institutions willing to provide real-estate debt—which at one time was completely verboten—but it’s really opened up and is a major part, frankly, of our strategy.
WSJ: How important is the passage of the Safer Banking Act to your business? And how does Verano work around the lack of such legislation at the moment?
https://www.wsj.com/articles/verano-executive-bullish-on-the-future-of-the-u-s-cannabis-industry-c20b1d0b?mod=business_lead_story
All have a great and safe XMAS!!!
Beck At Ya ! Hope Your Holiday season is Nice!
Let's Rock
$PVSP. Where is the Zen??
2024 has to be Better!!!!!!
This just lookes all messed up....00024 for 49 shares....over and over....gonna screenshot this mess...Y'all should too....
This is the roadmap that will happen with PVSP and its spin-off of Artizen.
President Biden issued a proclamation to pardon certain marijuana offenses!!!
WASHINGTON — President Joe Biden issued a proclamation to pardon certain marijuana offenses Friday, building on broader action he took last year for thousands of people convicted of possession under federal law.
The new pardons target "additional offenses of simple possession and use of marijuana under federal and D.C. law," Biden said in a statement. The proclamation includes offenses related to "use and possession on certain Federal lands," provisions that weren't covered by the 2022 proclamation.
"Criminal records for marijuana use and possession have imposed needless barriers to employment, housing, and educational opportunities," Biden said in the statement. "Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs."
He also called on governors to take similar actions with state marijuana-related offenses, arguing that no one should be in jail or prison "solely due to the use or possession of marijuana."
It was not immediately clear how many people would be affected by the new pardons.
The Department of Health and Human Services recommended in August that the Drug Enforcement Administration ease marijuana restrictions by moving it to a Schedule III drug, which would be a significant change to federal drug policy. The DEA still classifies marijuana as a Schedule 1 drug, alongside drugs such as heroin and LSD. Most states allow marijuana use in some form, such as recreationally or for medical purposes.
Biden on Friday is also commuting the prison sentences of 11 people convicted of nonviolent drug offenses, including some who have received mandatory life sentences.
"Due to reforms, each of these clemency recipients would have been eligible for reduced sentences, had they been sentenced today," a White House official said in an email. "This clemency grant represents the President’s commitment to addressing unjustified disparities in sentencing."
Biden has granted clemency several times since he took office, most recently in April to 31 people convicted of drug-related offenses.
LOL Sounds like a PLAN. Just be safe. Hopefully the New Year will be better for ALL of us. GLTA
Not me. I'm going to pretend I'm Jewish and go visit Harvard University and then I'm going to Colorado to conduct a fundraiser for Trump. After that reality will set in and I'll visit a shop and buy some Artizen and relax with my paranoia.
TO ALL! Have a safe and fun Holiday! GLTA
Riss Closes Acquisition $40M Company, and Spin Off for Shareholders !!!
Riss pulls off a $40M enterprise value construction company in California and now will Spin Off assets to current shareholders just like the PVSP plan that were announced. Let's hope he can find another valuable private company thats wants to become PUBLIC with a reverse merger for PVSP shareholders after the Artizen spin off, or maybe before?
Here to Serve Holding Corp (OTC:HTSC) Completes Closing of Acquisition with DCE Construction, Inc., dba Mesa Garage Doors
Provided by Accesswire
Nov 8, 2023 9:10 AM EST
ANAHEIM, CA / ACCESSWIRE / November 8, 2023 / Here To Serve Holding Corp. (OTC Pink:HTSC) (the "Company" or "HTSC"), is thrilled to announce the successful completion of its acquisition of DCE Construction, Inc., doing business as Mesa Garage Doors ("MESA"), a Southern California-based leader in home improvement solutions focused on the sale, service and installation of garage doors, entry door and custom gates. The acquisition, which was first announced in October, closed on November 3, 2023, at which time MESA became a wholly owned subsidiary of HTSC, MESA's business became the primary business of the Company, and the former shareholders of MESA became controlling shareholders of the Company.
The acquisition was effected pursuant to the terms of a Share Exchange and Reorganization Agreement, which was executed on October 23, 2023. At closing, HTSC acquired all of the outstanding shares of MESA in exchange for the issuance of 1.4 billion restricted shares of HTSC common stock to the shareholders of MESA in a tax-free reorganization. In connection with closing, the shareholders of MESA also purchased all outstanding shares of Series A and Series C Preferred Stock of HTSC, which were held by an affiliate of HTSC. Additionally, at closing, the officers and directors of HTSC resigned and Dwight Esnard (CEO of MESA) and Michael Layman (CFO of MESA) were appointed as HTSC's new CEO and CFO, respectively, and Messrs. Esnard and Laymen, along with Richard Golubow, were appointed as the new directors of HTSC.
MESA obtained an independent valuation as of July 31, 2023 showing that MESA has an enterprise value of approximately $41 million. MESA generated unaudited gross revenue of approximately $20.3 million for the year ended December 31, 2022, and is on track to achieve revenue of approximately $23.5 million for the year ended December 31, 2023. By 2025, MESA projects a revenue target of $30 million, with a 10% year-over-year growth rate anticipated for 2026.
https://www.morningstar.com/news/accesswire/801130msn/here-to-serve-holding-corp-otchtsc-completes-closing-of-acquisition-with-dce-construction-inc-dba-mesa-garage-doors
We shall soon see, one way or the other.
Also, there are a 100+mm unrestricted that can be sold.
Keep telling yourself that, All the 5 digit trades from the broker dealers are NOT tax sales. Additionally, tax loss selling is almost non existent in pinky land.
Zen
The company will soon be two pubcos. Probably better off getting shares in 2 pubcos than selling at $.0002 IMO
For sure....... Despicable {Mayorkas} ......LIERS !! If we end up with a RS from a proposed SPINOFF.................{########ers#}.# !
It’s end of year tax loss selling time and the dollar amounts being sold isn’t much in the overall picture and that’s what I think is happening recently since the conversions seemed to be at a standstill for the past several months, just my opinion after watching PVSP for the past 18-24 months…
Is anyone rationalizing BJ’s non existent 50mm plus 3’s for sale!!! I would not buy anything but 1s unless your just gettin in and then only 2s as a starter. I would also take ANYTHING from the Co with a giant grain of salt. If no Zen spinoff then a RS is imminent!! They said no RS for three years, what date would that be??
Zen
Yes! A little more work on the .0002s and we can expose the .0001s - the final frontier
Must be on the wrong board 🤣
How about that new marketing director. A real no show. What a pathetic hire. Not surprising though..
I thought this was a joke!
https://www.marijuanamoment.net/cbd-infused-tampons-are-a-promising-option-to-treat-menstrual-pain-study-finds/
Oldrogue.
LOL .. time for a formidable tweet from Paul Riss.
Or to restore his GoingGreenPicks account.. 50 cents by the end of the year
Then ..Zen ... $$$$ ... to the mooon
You guys thought I was kidding? Now get your .0002 nice and fat for tomorrow, open up and take it all in . . .
Followers
|
854
|
Posters
|
|
Posts (Today)
|
1
|
Posts (Total)
|
183847
|
Created
|
10/04/08
|
Type
|
Free
|
Moderators jobynimble DSherman allenc Urocka |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |