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Very interesting, but not good news... I'm glad I sold 90% of my position a couple months ago. I was looking to buy back in but not now.
Lucky - you are 100% correct now their up tp 354 cases and a few deaths - not worth it until they find out more.
My guess is there's a pump-dump getting ready to be rollout, this company is s....... not that you can't make money with them but that's not my idea of trading by taking advantage of the folks that don't know what their doing, not saying that's you by no means but you know what I mean.
Thanks to who ever bought the last of my shares today! Good Luck.
Dapp - point well taken, I agree.
I'm out sold everything throughout the day - been here way to long with substantial amount invested lost a nice chunk going forward I will stay with the big MJ companies.
Good Luck to all! over time this will probably be fine.
Greenman - that was a great video this is why I hold 35,000 shares of SPRWF.
It's taking longer than I had intiapated for share growth. However, building these MJ companies takes time and requires patience.
Hipp - Thanks!
HIPP - great advice these stocks will suck you dry if your not carful, on the other had you can make a ton if you play your hand right. Theres plenty of money to be made here...
Australis Capital Acquires High Profile Brands and Related Assets From Green Therapeutics, a Nevada Based Cannabis Cultivation and Production Company
8:48 am ET May 21, 2019 (PR Newswire) Print
Creators of connoisseur brands Tsunami, Provisions and GT Flowers
Australis Capital Inc. (CSE: AUSA OTC: AUSAF) ("Australis" or the "Company") announces today it has entered into an asset purchase agreement with Green Therapeutics, LLC ("GT") and affiliated companies, to acquire its Tsunami(TM), Provisions(TM), and GT Flowers cannabis brands, certain operating assets, intellectual property and the right to assume, complete and expand the construction of a state-of-the-art 55,000 square foot cultivation and production facility in North Las Vegas, Nevada. The 8.9-acre parcel of land in North Las Vegas has the potential to support a 400,000 square foot cultivation and production facility which will be built to the industry recognized Aurora Cannabis standard. The acquisition will include GT's experienced operating team.
https://mma.prnewswire.com/media/890174/Australis_Capital_Inc__Australis_Capital_Acquires_High_Profile_B.jpg
Australis will issue up to $8.0mm USD of its common stock to complete this acquisition. Australis issued 7,831,855 shares valued at $6.4mm upon the signing of a definitive agreement. An additional $800,000 will be issued when the new cultivation and production facility in North Las Vegas is fully licensed and operational and an additional $800,000 in shares will be issued if certain performance goals are reached utilizing the acquired assets within specified timeframes per the definitive agreement. In a separate transaction, Australis acquired from Meridian Companies LLC an 8.9-acre parcel of land in North Las Vegas in exchange for $2.93mm USD of its common stock or 3,585,521 Australis common shares where the new cultivation and production facility will be located ("The Transaction").
The Transaction will also establish Australis' flagship cultivation and manufacturing location in Nevada, a state chosen for its favorable cannabis regulations, tremendous tourism and accelerated growth. The new production and cultivation facility will feature indoor greenhouses, state-of-the-art control systems and, a modern manufacturing, production, and post-production facility. This industry-leading, precision level control will allow for superior cannabis flower to be produced utilizing the Mr. Natural methodology, setting a new standard for specialized organic horticulture and cultivation.
The Transaction will also provide Australis with six acres of improvable/vacant land in North Las Vegas which will be held for potential future expansion opportunities. Australis will fund the construction of the new facility which it expects will cost approximately $12mm USD. Australis expects the Transaction to close in late 2019 upon the successful transfer of GT's cultivation and manufacturing licenses to Australis and the new facility will be completed and operational in mid-2020. Australis expects the 55,000 square foot facility will generate approximately $10-12mm USD in EBITDA in its first full year of operations, respectively, resulting in an adjusted purchase price multiple of approximately 2.0 - 2.3x including the cost of the buildout of the new facility.
"We are excited to be working with Australis' top tier management team and leveraging their strategic relationship with Aurora Cannabis," said Dr. Duke Fu, CEO of Green Therapeutics, LLC. "This gives us a fantastic opportunity to scale our current brands inside and outside Nevada while maximizing Australis' portfolio assets and vast cultivation experience."
Founded in 2014, Green Therapeutics has established three prominent in-house cannabis brands, each designed through a subtle and complex scientific process. Tsunami, a science-driven recreational extract brand, is the top brand for live resin extracts in Nevada, while Provisions is well-known for premium distillate cartridges and cutting-edge sublingual sprays. GT Flowers provides consumers selections from over 150 different strains, ranging from classics to the newest crosses, with many exclusive cuts. With a wide array of phenotypes and broad distribution through some of the largest dispensaries in Nevada, including Planet 13 and Essence, Green Therapeutics' brands have gained a swift and loyal following. The demand for GT's high-quality flower and concentrates exceeds the company's current ability to supply it. Australis intends to grow the brands throughout Nevada with the additional capacity and eventually expand to other US markets.
"Green Therapeutics and Australis' combined assets, expertise, and network positions our company for tremendous growth and is uniquely positioned with products spanning verticals where long term margins will be insulated," said Scott Dowty, CEO of Australis. "Introducing Mr. Natural's Veteran Affairs registered premium organic strains and proprietary cultivation methodologies to Nevada through a purpose-built facility will serve as the launching ground for a nationally recognized cannabis brand."
The cultivation and production of GT's brands will continue at its existing facilities while the new facility is completed. Once licensed and operational, the new and expandable facility will produce the GT brands and Australis' award-winning, organic brand, Mr. Natural, as well as third-party production of pre-rolls utilizing Wagner Dimas technology. This high-tech and diversified facility allows Australis to commercialize Mr. Natural, bringing a 30-year-old integrated organic cannabis brand to address an underserved vertical with the very best quality products.
For more information on Green Therapeutics, visit www.instagram.com/gt_lv or www.gtnevada.com.
About Australis Capital Inc.
A spin-out of Aurora Cannabis (NYSE: ACB TSX: ACB) in September 2018, Australis identifies and invests in the cannabis industry predominantly in the United States, a highly-regulated, fragmented, rapidly-expanding and evolving industry. Investments may include but are not limited to equity, debt or other securities of both public and private companies, financings in exchange for royalties or other distribution streams, and control stake acquisitions. Australis adheres to stringent investment criteria and focuses on significant near and mid-term high-quality opportunities with strong return potentials while maintaining a steadfast commitment to governance and community. Australis' Board and management team have material experience with, and knowledge of, the cannabis space in the U.S., extensive backgrounds in highly-regulated industries, adherence to stringent regulatory compliance, public company, and operational expertise. In addition to the Company's expertise and strong execution on strategic M&A, which to date includes Rthm Technologies Inc., Body and Mind Inc., Quality Green Inc., Folium Biosciences, Mr. Natural Inc., and Green Therapeutics, LLC., Australis has developed strategic partnerships with companies such as Wagner Dimas.
Australis' Common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF".
For further information about Australis, please visit the website at ausacap.com or contact the Company by e-mail at
Thanks, I'm not going anywhere.
Is this the only board for AUSAF? or just very little interest in it.
WHITTEN... you probably did buy mine. I hope you make some money off them, you just don't know plus its a small investment. GL
This happen to me back in 2014 on a MJ stock play I was watching. The ticker sat for a couple years doing nothing and zero activity then one day it started trading very little volume and they started pumping it and then dumping it... I clipped 15k profit.
Thanks for buying all 3 mil of my shares and GOOD LUCK TO ALL OF YOU!
Someone bought my mill shares but there's nothing driving this, no news nothing unless I'm missing something because I haven't looked at this for a long time.
mypenn... I agree they need more exposure/marketing this should be 2.00 all day long.
step1971- agreed, I'm in no hurry on this and a few others in this sector. My immediate focus now is ACB, CGC, HEXO... thats where my larger investments are. Make no mistake there's a lot of money to be made over the next couple years and beyond in MJ stocks.
I bought a healthy position this week to add to my MJ portfolio, moving to the NAS will help this. Nice market cap as well.
DEVONK - that 65k position should payoff very well over time this company is flying under the radar for now... big potential here.
I added another 25,000 shares this week its a no brainier. I'm looking to build a portfolio of some small MJ stocks and just let them bake. PUFXF, SPRWF, BMMJ and NCNNF
I agree with a 2.50 - 3.00 price target.
guay - that post makes total sense, their overhead is much lower.
guay -thanks for directing me over here!
HELLO ANYONE HOME? looks like this is starting to move a little.
Looks like they gave 10mil in warrants @ 1.25 a share to grow their retail business and BMMJ did ask to have the stock halted maybe it was too stable the stock... I'm wondering if it was Aurora?
I haven't found 1 resource that heard other than someone said it pertains to shorting possibly...
Has anyone found out why this was halted?
Mine is showing 1.66
My brother found out not sure if he called them or not didn't ask.
Pen - the fact they asked for the halt leads me to believe its good news and big news. IMO
There being very closed lip about whatever news is coming good or bad...
PEN - Thanks! I was wondering what's going on. Of coures, it gets halted after I buy 5000 shares on Friday...
didu - fair enough, I'm very skeptical of them myself.... Will they make it? probably. however, I don't see them emerging as one of the big players.
Just my opinion. I sold out of my position last week until I see the first 30sq up and running.
I reached out to ACAN a week ago or so through email with some questions.
From: Stephen Hart <hart@haydenir.com>
Date: April 22, 2019 at 7:40:22 PM EDT
Subject: ACAN
– thank you for your email, questions and interest in AmeriCann (ACAN).
Building #1 which will be 30,000 Sq Ft is expected to be completed and open for business in July/August timeframe.
Building #2 is in planning phase now.
No, ACAN has no other projects in production right now, but is looking at other opportunities in additional states.
I also encourage you to follow our progress via social media:
www.americann.co
@ACANinfo on Twitter
Yes, I see your frustration, STEV... what a big loser, just so you know I lost money on STEv as well in 2014. You were definitely on the right track with ACB. I also like obviously SPRWF, MMNFF, ELLXF and I love CGC.
Not a fan of STEV, IMLFF, RBII, UBQU, TRTC, and POTN typically these cheap stocks are just that junk unless your day trading. In my opinion, I like the 5 I lead out above and I have a substantial about in each of those and others.
Again, this is just my opinion.
Those ones I shared with you are solid plays over the next year or so... IMO don't worry about them every day or hour let them bake until its time. I would love to know what ones you own? if your willing to share, up to you.
What did you buy???? if you had bought ACB, CGC, HEXO, VFF, BMMJ, APHRIA and TLRY along with some others you would be counting your money. Stay away from the garbage they will only take your money.
Green, thats all it is if he bought in at the right levels he would love this stock. This is a good company you just need to know how to play it...
infort... I totally agree with you and Peltz probably has his crosshairs on a couple of companies he's negotiating with trying to cut the best deal and then move the share price up to 23 to get his bones incentive... IMO
Tracker7 thats a lot of shares my friend. Thats how you make real money.