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So this is a lie? "CPL, a wholly owned subsidiary of Sunniva, entered a build to suit lease agreement (the "Lease") on October 20, 2017, with SPCL for the construction of the Sunniva California Campus in Cathedral City, California. SPCL is an entity related to Barker Pacific Group, Inc."...It sounds more like SPCL (Baker Pacific Group) has a lien on the property.
If your talking about the California grow facility they don't own it they were going to lease it and the owner is terminating the lease. SNN is fighting it and if they loose they have nothing. Bankrupt thats how I see it unless I am missing something.
Bought 7500@$.1979 just in case they get bought out or sell the greenhouse. Never no. Don't have high hopes though. :~)....Doesn't look like there's any action at the greenhouse for a while.
No clue how or why we see nothing about jail time for these idiots.
https://webfiles.thecse.com/20191216_-_Sunniva_Responds_to_Ex_Parte_Application_Against_CP_Logistics_With_Respect_to_Promissory_Notes_-_FINAL.pdf?9_.9cEbpx3OJaRW8znCQ8m_DRf3Ifcd7
https://webfiles.thecse.com/20191218_-_Sunniva_Reports_The_Ex_Parte_Application_Filed_In_California_Was_Denied_-_FINAL.pdf?nbY6T9NBEOBwJEGSDsyue5vYhmPRxVeC
https://webfiles.thecse.com/20191219_-_Sunniva_Announces_Amended_Terms_and_Closing_of_NHS_-_FINAL.pdf?mg1b6WyIlTqC7YDfb66vzK4cUHKeRN3S
https://webfiles.thecse.com/20191219_-_Correction_-_Sunniva_Announces_Amended_Terms_and_Closing_of_NHS_-_FINAL.pdf?4_F.Ve5YC257HuyMCJvyOUYMTU6xABrj
https://webfiles.thecse.com/20191223_-_Sunniva_Provides_Update_on_SMI_Transaction_-_FINAL.pdf?MIfRuYvMA_mP7p4NtMy3nThbxfGTKAWN
https://webfiles.thecse.com/20191224_-_CP_Logistics_Files_for_Temporary_Restraining_Order_and_Initiates_Arbitration_Process_-_FINAL.pdf?mRfN9V1NtOBRTTf9a7tbN.oIoIT5KoiV
Last desperate attempt. Scumbags.
The foundation was built on fraud 100% nothing special about sunniva when it was built to "bust out" layman terms , steal every dime at every chance. it's obvious that 70% of these stock selling cannabis stocks were set up for 1 thing. Make a lot of money fast for the guys at the top of the pyramid....its called capitalism, company and share holders go to O , But they are a huge success, they made enough to take care of their famalies for life . And that's what it was all about!
SNNVF Tier Change = Pink Current to OTCQB
OTCM
https://www.otcmarkets.com/stock/SNNVF/overview
Dr. so and so ran off with the loot. Now its a leased building.
PYX killin me over here too.
I have been in an out of that one and been watching closely. I like several U,S. companies, its all about who has the cash to keep growing and who is profitable. I will get some in my long acct this month. GL
I'd like to suggest putting any money you have left to put into ORHOF which is being bought by Cresco, CRLBF for .7031 sh of CRLBF for one ORHOF. At the present time there is over a 35% profit premium build into ORHOF stock when the deal takes place. https://markets.businessinsider.com/news/stocks/origin-house-announces-significant-support-to-date-for-pending-transaction-with-cresco-labs-1028762229
How can any successful business man screw this up so bad. All the money they had to work with and they have nothing. SCUMBAGS. I am sure company's that have proven themselves have been talking to the building owner who will get it. ITHUF, TCNNF,CURLF, ?????
Took a loss and put my money into ORHOF Origin House which is being bought by Cresco (CRLBF)where my money will be treated better.
Sorry no, I just live in the Coachella valley. I doubt anyone will update me on hookups. However it did appear as if people were busy at work.
Thanks for the update. Wasn't part of the problem getting hooked up to the utilities? Would you have any idea how that's going?
It looks as if Sunnivia is back at work in the Desert. I drove by this morning and saw what appeared to be a mostly finished building, workers in attendance and a busy site. Lets hope we hear positive news soon.
BRIEF-SUNNIVA LEARNT IT HAS BEEN NAMED IN LAWSUIT CONNECTION WITH LOANS MADE BY MATRIX VENTURE CAPITAL MANAGEMENT
8 HOURS AGO BY
Article 1
Dec 4 (Reuters) - Sunniva Inc:
* SUNNIVA INC - BECOME AWARE THAT IT HAS BEEN NAMED IN LAWSUIT COMMENCED IN CONNECTION WITH LOANS MADE BY MATRIX VENTURE CAPITAL MANAGEMENT
* SUNNIVA INC - CO HAS NOT YET BEEN SERVED WITH NOTICE OF CIVIL CLAIM
* SUNNIVA INC - REMEDIES SOUGHT BY PLAINTIFF INCLUDE A MORTGAGE OVER SUNNIVA'S OKANAGAN FALLS PROPERTY TO SECURE PAYMENTS OF AMOUNTS OF LOANS Source text for Eikon: Further company coverage:
I know I'm trying to catch a falling knife, but couldn't resist 12.4k SNNVF, 2k CRLBF, and 1500 ORHOF. Now I need to take a year long nap.
This company is horrible, the owner Dr. so and so is horrible.
Well I have to agree This has gone into the falling knife pile for the last 2 years. A year and a 1/2 ago they were saying about up listing and then they get down graded then they say about the spin off that shareholders will be rewarded and nothing happens then it's always hemorrhaging money month after month and nothing seems to be getting done except high priced salaries.SMH. SSDD.
I was on the call today listening to shiny happy people and it just reminded me of the wizard of oz "pay no attention to the man behind that curtain." I sit like a lot of bag holders at a very high average from 2 years ago.
Haha, at a sub 10m cap, I took some today.
Can't believe management botched it this bad. What a bunch of losers.
Reminds me of vida, sub dime today usd.
Bailey resigned on monday...lol. what a loser.
It amazes me some of these companies had hundreds of millions of dollars to create a profitable company and so many failed. Then the losers act like no big deal on the call.
Sunniva with a moat around it:
https://cannabisinvestinginsight.com/aln-cw-v4h3/
Another failure. Dionymed, Sunniva, the list is growing.
as a cali producer this one had the potential to be the top crop.
total botch
As disappointing as this is, it comes as no surprise. Every time I drive by the Cathedral city site nothing is going on. This can go one of two ways now. Either bankruptcy and dissolution, or an investor buys them out. When a company starts divesting its assets it is never a good move. I will keep an eye on the local site to see if any work is under way, however that probably won't happen until sometime next year.
It really is unbelievable considering Ted and other said they were such great leaders. I got out with a huge loss 20+ thousand a while ago. I keep thinking I’ll make it back when I jump back in but who knows when that will be.
The earnings call replay won't make you feel any better.
these guys couldn't have messed this up any worse...unbelievable.
nice revenue increases and gross sales. They just haven't been able to close or complete the critical divestment of the canadian stuff, and the california glass house time and cost overruns are ridiculous.
how is the builder not responsible for some of that?
https://www.prnewswire.com/news-releases/sunniva-inc-announces-q3-2019-financial-results-and-dispute-related-to-cathedral-city-glasshouse-300965907.html
idiots.
Haven't been in this stock for over a year. So just how bad has the financial situation become?
Sunniva Announces Resignation Of President
Canada NewsWire
VANCOUVER, B.C., Nov. 18, 2019
https://www.otcmarkets.com/stock/SNNVF/news/Sunniva-Announces-Resignation-Of-President?id=246511
most charts in this sector all look the same but snn sp justifiably collapsed due to mgt mistakes. If snn can answer the cash concerns and get these asset sales closed, then we could see quite a reversal imo.
A chart for a management team to be proud of
Dose anyone know what is happening here?
Is that cannapharma deal happening anymore ???
So when is this facility supposed to be completed? These clowns know nothing about on time and on budget.
Hey E any update on construction on the facility.
Debt financing is code word for "Dear common shareholders, its been nice knowing ya".
Sunniva Announces Closing Of Second Tranche Of Debt Financing For Additional Gross Proceeds Of USD $6,000,000
Timber. So sad.
Does your contact see workers there every day.
Its just above the 50 day. Time to tumble some more so everyone can "avg down."
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Sunniva is an ancient English name which means Gift of the Sun
Sunniva Corporate Presentation from October 2018
Sunniva Fact Sheets from October 2018
Sunniva is a vertically integrated medical cannabis company committed to delivering safe, low-cost, high-quality products and services at scale. We are focused on the cultivation, production and distribution of a broad range of therapeutic solutions targeting two of the largest medical cannabis markets in the world: Canada and California.
We operate through our wholly owned subsidiaries – Sunniva Medical Inc. (“SMI”), CP Logistics, LLC, Natural Health Services Ltd. and Full-Scale Distributors, LLC – and will offer a comprehensive range of white label solutions.
A 19-acre plot in Cathedral City will be soon home to a gigantic marijuana growing facility
The huge center would be built near Date Palm and Ramon, which is currently open desert, and would encompass 500,000 square feet – which is nearly nine football fields!
In a video about the project, Sunniva Chief Operating Officer Duncan Gordon says that the facility would produce 260,000 pounds of cannabis every year and would employ 195 people.
Construction Progress of the Sunniva US Campus - located in Cathedral City - California
Images update every 30 minutes
Construction Progress of the Sunniva Canada Campus - located in Okanagan Falls - British Columbia
Images update every 30 minutes
Sunniva Launches First Three Cannabis Brands in California
Company Assets:
www.naturalhealthservices.ca
www.vaporconnoisseur.com
www.seekingalpha.com/article/4136527-sunniva-leading-worlds-two-largest-legal-cannabis-markets
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