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Expecting a big spike at open today
Just a good read. Hope everyone is doing well. Been here watching every chance I get since my last post on Nov. 9th. Its good to see most of the same names still here. This company is addictive, I'm glad to be back investing in CANN. And by the way thanks Alan.
Sales of CBD-based Products Projected to Accelerate
BY PR Newswire
— 9:00 AM ET 06/16/2017
NEW YORK, June 16, 2017 /PRNewswire/ --
According to a report by the Hemp Business Journal and Vote Hemp, the total retail value of hemp products sold in the U.S. in 2016 was $688 million. As a result of successful legalization campaigns across several U.S. states and successful hemp cultivation pilot programs, sales of items like shelled seed, protein powder, soaps and lotions have continued to increase. In all, sales of Hemp CBD products boosted the industry to a five year 22% CAGR. ChineseInvestors.com, Inc. (OTC: CIIX), Vitality Biopharma Inc. (OTC: VBIO), United Cannabis Corporation (OTC: CNAB), General Cannabis Corp. (OTC: CANN), Medical Marijuana, Inc. (OTC: MJNA).
"Hemp Business Journal estimates the total retail value of all hemp products sold in the U.S. to be at least $688 million for 2016. We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR," said Sean Murphy, the Founder and Publisher of Hemp Business Journal.
ChineseInvestors.com, Inc. (OTCQB: CIIX) on June 14th announced that, "It has incorporated CBD Biotechnology Inc. in British Columbia, Canada. CBD Biotechnology Inc. will focus on research, development and distribution of health products, including hemp-derived cannabidiol ("CBD") products, as well as hemp-based food and beverage products.
In April 2017, fulfilling a campaign pledge, Prime Minister Justin Trudeau introduced legislation to legalize the recreational use of marijuana in Canada by the middle of 2018. Canada will become the second country to completely legalize marijuana as a consumer product. The law will require purchasers to be at least 18 years old, and it will limit the amount they can carry at any one time to 30 grams. While the federal government will license and regulate growers, each of Canada's provinces will need to decide exactly how the drug will be distributed and sold within its boundaries."
"I am delighted about the incorporation of CBD Biotechnology Inc.," says Warren Wang, Founder and CEO of CIIX. "CBD Biotechnology Inc. is strategically located in British Columbia, Canada, known to be a cannabis-friendly province. The British Columbia cannabis industry produces 40 percent of all Canadian cannabis, making cannabis among the most valuable cash crops in the province. While CIIX has been laying the groundwork to enter the legal cannabis market for some time, the complete legalization of cannabis in Canada provides another great opportunity for CIIX to enter the market."
Vitality Biopharma Inc. (OTCQB: VBIO) is dedicated to unlocking the power of cannabinoids for the treatment of serious neurological and inflammatory disorders. On April 5, 2017, the company announced the filing of an international patent application in March 2017 that describes compounds discovered to be effective in a drug screening model of neural repair. The discoveries included a compound that is known to have a positive track record of safety in clinical trials and to provide pain relief through modulation of the vanilloid TRPV1 receptor. As a result, Vitality Biopharma has made broad patent claims covering use of CBD and other TRPV1 agonists for myelin repair and for treatment of demyelinating disorders.
United Cannabis Corporation (OTCQB: CNAB) announced that it has signed an exclusive licensing agreement with Vessel Life Sciences ("VLS") to produce and distribute its products, including the award-winning Prana Bio Nutrient Medicinals, throughout Pennsylvania. Established in 2016, Vessel Life Science LLC is dedicated to advancing the use of cannabinoids in medicine, with a focus on the refinement of genetics for medical grade strains of CBD-rich cannabis plants for the commonwealth of Pennsylvania's patient base. United Cannabis' Prana line offers a wide selection of raw and active cannabinoid supplements with multiple delivery methods that have accurately dosed medicine from 1mg to 100mg.
General Cannabis Corp. (OTCQB: CANN) is the comprehensive resource for the highest quality service providers available to the regulated Cannabis Industry. On March 27, the company announced that its security division, Iron Protection Group (IPG), the premier provider of protection services for the regulated cannabis industry, will begin offering its services in California. "The demand for security services in California is skyrocketing," said Hunter Garth, Managing Director of IPG. "As a known security leader in Colorado, we are now seeing a dramatic rise in security and transportation requests from companies throughout the state. By opening our first office in the state capital, we plan to fulfill a vital component of the regulated cannabis industry in this substantial market."
Medical Marijuana, Inc. (OTC: MJNA) recently announced that its subsidiary Kannaway® LLC, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, is adding "Kannaway Essential Oils" to its line of lifestyle products. Made with pure essential oils, natural terpenes derived from the cannabis (hemp) plant, and a Bi-Bong™ blend of herbal extracts, Kannaway Essential Oils capture the benefits of dozens of natural botanical ingredients. Kannaway Essential Oils can be placed on acupressure points like the inside of the wrist, against the neck, and on the temples or added to an oil diffuser to spread the aromatherapeutic scents throughout the room.
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I expected it since they fought back in 2015. since then every move took its time.. but now it is coming all together.
CANN is a great company with a real value of staff and force. I follow the market since 2014. No other company in the sector convinced me as CANN did and does over the years.
The greenrush is inevitable.
only my personal opinion.
My guess is many people were expecting this to go lower than the $1.20 it reached earlier, and so they bought instead. The graph is crazy looking. I've been super busy this week and didn't have time to pay attention, or I would have been buying all the way up!!
Why this course! News or ....???? Thanks for Info
I guess I picked the right time last week to start trading. Thanks Alan.
Damnnn, congrats all. I have all my money tied up in a scam, I've been burnt. Good play here though. Looking solid for a move back to $3
$CANN is skyrocketing again ..
I love it!
CANN has been a great trade that just keeps on giving!!!! CANN $$$$$$
It's a fun one. $CANN
Bought a bunch between 1.50 and 1.20 on the down slide. Tee hee. I've played CANN more than any other stock
Looks like a good day is upon us $CANN
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 9, 2017
GENERAL CANNABIS CORP.
(Exact Name of Registrant as Specified in Charter)
Colorado
000-54457
90-1072649
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
6565 E. Evans Avenue
Denver, Colorado
80224
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (303) 759-1300
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
[_]
Written communications pursuant to Rule 425 under the Securities Act
[_]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[_]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[_]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 7.01
Regulation FD Disclosure.
On June 9, 2017, the Company issued a press release announcing its acquisition of GC Finance, LLC. A copy of the press release is furnished hereto as Exhibit 99.1.
The information contained in this Item 7.01 of the Company’s Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this Current Report on Form 8-K is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information contained in this Current Report on Form 8-K constitutes material investor information that is not otherwise publicly available.
The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant’s judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as “expects,” “should,” “will,” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
Exhibit No.
Description
99.1
Press release dated June 9, 2017
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: June 13, 2017
GENERAL CANNABIS CORP
By:
/s/ Robert L. Frichtel
Name:
Robert L. Frichtel
Title:
Chief Executive Officer
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press release dated June 9, 2017
Yiiiieha... great ride!
I'll take the close! Looking for a breakout tomorrow
That's a "if" buying volume slows
Asks keep stalking heavier. If buying volume doesn't pick up this is headed south.
Q&A: Wall Street veteran bullish on cannabis
with iAnthus Capital’s Hadley Ford
https://mjbizdaily.com/wall-street-vet-bullish-cannabis-qa-ianthus-capital-ceo-hadley-ford/
"Will we see more investments, say, a year from now?
Long term, about five years, the market is going to look a lot more open. There will be a lot more sources of capital. Cannabis may have been de-scheduled by then, and you’ll have a lot more comfort on the private investment side.
Over the next 12 months, I would think capital is still going to be pretty tight.
The U.S. markets are three years behind the Canadian from capital formation. Canada, you can go raise public money successfully. I would expect in the next three years for the U.S. market to look more like the Canadian market. But the next year will be more of the same.
"
Update on CANN client Green Leaf Medical LLC: Company raises nearly $6M
Montgomery Co. medical marijuana company raises nearly $6M for interstate expansion
http://www.bizjournals.com/washington/news/2017/06/13/montgomery-co-medical-marijuana-company-raises.html
Following the text it says that they spent:
"$1.6 million, in March. Those dollars went toward construction of its medical marijuana cultivation facility in Frederick,"
Based on a CANN press release from August 2016, CANN worked on this facility..
http://cannabisdailyrecord.com/index.php/2016/08/22/wire-green-leaf-medical-gets-stage-one-license-from-maryland-medical-cannabis-commission/
.. maybe another CANN news is on its way. The grant of the license in Maryland after the pause of two weeks is still awaited (see recent postings here) ..
$CANN, show us your strength!!!
I can use a pop over 1.50 to gain nicely! Let's hope for the best
Am anxious to tomorrow:):) i Hope win win
4 facts around a CANN client in Maryland
Aug 16: CANN is heavily involved with the licensing application of Green Leaf Medical / Maryland:
https://cannabisdailyrecord.com/index.php/2016/08/22/wire-green-leaf-medical-gets-stage-one-license-from-maryland-medical-cannabis-commission/
Mar 17: Photos of Green Leaf happily building a huge medical marijuana facility
https://m.facebook.com/pg/greenleafmedical/photos/?mt_nav=1
Mar 17: Green Leaf Medical is set to finalize purchasing another 274,000-square-foot facility in mid-April
http://www.altoonamirror.com/news/local-news/2017/03/company-proposing-marijuana-facility-in-saxton/
Jun 17: After a low court halted the licensing process in MD at a final stage it definetly goes on now:
http://thedailyrecord.com/2017/06/09/md-court-of-appeals-lifts-restraining-order-on-medical-cannabis-licenses/
Except the initial announcement in 2016 and the photos from Mar 17, nothing has been officially communicated so far by $CANN or Green Leaf.
Maybe we will see an update on it soon...
This looks like a convenient way to pass of this bad investment in Dixie Elixers to the shareholders of CANN. Dixie has never performed, not even in Colorado where they began. Their operation is a joke.
Thanks for your finding, Alan.
Are the questions at the end of your posting rhetorical?
If anyone bothers to read filings, they would realize this "news" isn't so good. This is from the last 10-Q:
That's what I call a nice lil dip!!! CANN $$$$$$$$$
Volume coming in:)
Great add I have averaged from 1.30 to 1.15 with 1.21 being my overall. Any bounce over 1.50 I'll be great
CANN News: General Cannabis Corp Announces its Acquisition of GC Finance Arizona, LLC
https://globenewswire.com/news-release/2017/06/09/1012059/0/en/General-Cannabis-Corp-Announces-its-Acquisition-of-GC-Finance-Arizona-LLC.html
"General Cannabis Corp (OTCQB:CANN) announced today the acquisition of GC Finance Arizona
...
“We are excited to announce the purchase of GC Finance Arizona, LLC. We look forward to working with our partners to introduce and produce the highest quality infused products for the medical marijuana industry in the state of Arizona.” said Michael Feinsod. “Closing on this milestone expands our public company platform and further diversifies our revenue stream, which will create significant shareholder value.”
..
"
correction please!!
I'm having a lot of fun picking up these shares lately. :D. Kick back and wait for CA
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