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So any idea why GMGI no longer shows on the EF Hutton site as a pending transaction? Also didn’t see it in past transactions
Any chance the deal could have something to do with access to WSRC’s water rights. Do you need the water to do the mining?
Got into this several years ago as speculative cannabis/hemp net at .17 and was down over 90% for quite awhile. Had someone on Stocktwits in GGBXF group ask what you do with a worthless ticker. Told him just sit on it. Can’t really lose much more. So glad I did just that
Not sure what’s driving that but hope it holds and continues
Maybe I’m reading that wrong or missing something, but I don’t see where it says they are acquiring WSRC as a company. The way I read it I believe they are acquiring control of all the preferred class A voting shares and therefore will have control of the company. So maybe WSRC becomes a subsidiary of GBHPF?
I agree I think that’s a big percentage of the sellers
I think you may be a bit low on how far up some of the sellers may be. Those who have been here for awhile are up over 1000%. My post split price is $0.38 so after yesterday’s close I’m up over 1400%. With the recent pull-backs I’m guessing some are locking in some profits and maybe a few are hoping to buy back in a little lower.
The problem is - how high will the taxes have to be to replace the billions the government already gets from the income taxes the “legal” companies have to pay on their full revenues since they can’t claim any deductions allowed to legal businesses?
Okay looks like AYRWF based on this:
Terms of the Transaction:
The Transaction will be effected by way of plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, shareholders of Liberty will receive 0.03683 of a subordinate voting share or restricted voting share ("Ayr Shares") for each Liberty Share held (the "Exchange Ratio"). Notwithstanding the foregoing:
-- if the 20-day volume weighted average price ("20D VWAP") of Ayr Shares
immediately preceding the 3rd business day prior to the closing of the
Transaction (the "Ayr Closing Price") is below $27.15 but greater than or
equal to $23.08, the Exchange Ratio will be calculated as $1.00 divided
by the Ayr Closing Price; and
-- if the Ayr Closing Price is less than $23.08, the Exchange Ratio will be
At current prices listed my existing shares would be worth approximately the same value if the exchanged shares are CNBQF ($12.51 share). If exchanged into AYRWF ($21.96) my value would be almost double. Hope it’s AYRWF but I just don’t get that lucky.
But will we get shares in AYRWF or CNBQF? Big difference. One article stated either it as a “subordinate voting share or restricted voting share”.
The Transaction will be effected by way of plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, shareholders of Liberty will receive 0.03683 of a subordinate voting share or restricted voting share ("Ayr Shares") for each Liberty Share held (the "Exchange Ratio"). Notwithstanding the foregoing:
Wonder how much TLRY will owe in the TMXN lawsuit settlement? Apparently no defense was offered by any of the defendants
Think I may be happy Fidelity wouldn’t let me buy due to the stop sign lol
Aphria, Tilray in deal to become world's biggest cannabis company - Bloomberg News
BY REUTERS — 12:49 AM ET
Dec 16 (Reuters) - Canadian pot producer Aphria (APHA) and rival Tilray Inc (TLRY) have agreed to combine their operations, Bloomberg News reported on Wednesday.
The all-stock deal will create a new company with an equity value of about C$4.8 billion ($3.77 billion), the report said, citing a statement from the companies and interviews of the heads of Aphria (APHA) and Tilray (TLRY).
Aphria (APHA) will pay a 23% premium to Tilray (TLRY) stock's last closing price on Tuesday and its shareholders will own 62% of Tilray's (TLRY) stock under the terms of the deal, Bloomberg News said. (https://bloom.bg/3qXXvjs)
The new company will trade under Tilray's (TLRY) ticker on the Nasdaq.
Both the companies did not respond to Reuters requests for comment.
Canadian business news network BNN Bloomberg had earlier reported that the companies were in advanced merger talks. ($1 = 1.2731 Canadian dollars) (Reporting by Shradha Singh and Shubham Kalia in Bengaluru; Editing by Devika Syamnath and Arun Koyyur)
(c) Reuters 2020. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
If I remember correctly TLRY was up around $100 at one point. Needs to run back up there after the merger so I can retire lol
Not sure the impact for the merger but I believe Tilray is being sued by Trimax (TMXN) for copyright infringement. Used to hold TMXN but got out last year down 50%. Bad move on my part they were up over 300% at one point today.
CNBC is saying deal could be announced as soon as tomorrow
So here’s what I found through Seeking Alpha. Anyone’s guess on how accurate it is lol
The merged company is expected to keep the Tilray name, but with Aphria CEO Irwin Simon as CEO, and Aphria holding a bigger stake, and most of the board seats.
Tilray boss Brendan Kennedy will get a board seat, but not an executive operating role.
Up to $100M in annualized operating synergies are hoped for.
The merged company is also seen moving its HQ to the U.S. as it focuses on winning market share in that country.
With Fidelity I got an email that I had a proxy vote available to me and was able to vote right using a link from my Fidelity account. May want to contact your brokerage and ask
Just because it’s back over a$1 doesn’t mean the R/S is cancelled. Now it depends on the vote. If your a holder and haven’t voted then you need to. A company can still do a split or reverse split at any point with shareholder approval.
Reverse splits aren’t always a bad thing. Reducing the O/S and float can be a good thing depending on what the company does after the R/S. If they just turn around and have to create more shares to generate cash to stay afloat, then yes we get screwed,(probably go8ng to happen). But if not and they can keep from being delisted it could help in the long run by providing access to more investors and other options for loans/financing, but they have to give these people reason to be interested.
I’ve held other companies that have thrived after a reverse split, but this isn’t the case for most. GMGI is a good example of what has so far been a success story. They did a 1:150 reverse split in July with the goal of uplisting. My share count went from 125K to 833, but it has almost doubled since the split.
That's what I'm hoping, definitely not going anywhere even though up over 1000%. Just don't want anything to delay the uplisting.
Looks like we're headed back under $5 a share.
Although I'd love to see that kind of volume I'm not sure it's possible unless I'm missing something. OTC shows only 19 mil o/s shares and 10 mil in float. If that's true, then unless I'm mistaken that kind of volume would be the entire float being day traded, or an good sized increase in the outstanding/float shares (dilution)
It needs to.. if it keeps sliding like it has the past week it could impact the efforts to uplist.
Guessing it started dropping and some had stops that got triggered, dropping it even further and now buying back in if they can
For every 150 shares you had prior to the reverse split, you now have 1 share. For the next 20 days it will trade under the symbol GMGID and then will revert back to GMGI. In theory the value of your holdings doesn't change, as the price increases to reflect the reduction of shares, but usually after a reverse split most stocks continue to go down. So far, GMDI(D) has been up. The way I look at it, the overall benefit is there are a lot less shares authorized and available, so it should be easier to hold the price as long as they can continue to post a profit.
No halt on CTST so probably not.
LOL. With 200mil A/S and 25 mil O/S I’d think they’d need to increase the share count before another RS. May end up back on the OTC if they don’t RS.
Shorting ACB may not be paying off.
"At the midyear point, the biggest losers were those who had shorted shares of Canada's Aurora Cannabis ( ACB ) , who were facing losses of $274 million, according to S3."
https://www.morningstar.com/news/marketwatch/20190802557/short-sellers-are-increasing-bets-that-cannabis-stocks-will-fall
Yep. I believe the correct way to read that is 200 shares total held, 200 shares acquired during this reporting cycle. So not only is there only one institutional investor with a very small,position, but they just took that position since the last reporting period.
Maybe, but then again 1 billion shares doesn’t mean they’ll fail. Apple has 4.6 billion shares and they’re doing alright.
I’m looking for Aurora to pick up the slack and fill the orders CTST can’t.
Yea that’s about where I’m at as well
Not exactly like Aphria’s situation Aphria didn’t break any Health Canada laws and weren’t at risk of losing their licenses. I think if CannTrust can keep the licenses they may recover at some point, but if the info about the fake walls is correct, not only is the risk of losing licenses higher, but I’m sure they will also face a lot of legal fees fighting all upcoming investor lawsuits. I’m down 80% and can’t decide if I want to ride it out, or bail with what I can save at this point.
That article is 3 years old. If the App isn’t already generating significant revenue I’m not sure it will.
One Florida candidate to buy since they were interested in Aphria would be Liberty Health (LHSIF). Would gain both greenhouse and dispensary locations within the state. I think they currently have 16 dispensaries.
I know with Fidelity I had to call them and tell them I wanted to trade penny/pink stocks before my account had access. Same for pre-market and after hours trading.
CannTrust Establishes U.S. Operations
CANADA NEWSWIRE 7:15 AM ET 6/19/2019
Symbol Last Price Change
CTST 4.93down 0 (0%)
QUOTES AS OF 04:02:01 PM ET 06/18/2019
VAUGHAN, ON, June 19, 2019 /CNW/ - Today, CannTrust Holdings Inc.(CTST) , a federally regulated licensed producer of medical and recreational cannabis with more than 72,000 patients in Canada, announced that it is establishing operations in the United States ("U.S."), starting in the State of California. CannTrust(CTST) has signed a non-binding letter of intent ("LOI") that will provide access to over 3,000 acres of farmland for hemp production with Elk Grove Farming Company, LLC ("Elk Grove"), a diversified farming company with operations in the State of California, to secure low-cost hemp with high cannabidiol ("CBD") content. CannTrust(CTST) and Elk Grove will each have 50% ownership of a new entity (the "Joint Venture").
https://www.advfn.com/stock-market/TSX/TRST/stock-news/80165993/canntrust-establishes-u-s-operations
So let's be generous and say VERB's revenue from Sound Concepts grows 20% this quarter to $4,800,000. IMO if VERB can't show total revenue of at least $5 mil on the next Q report, the pps is going to drop like a rock. It doesn't matter how many "Partner" logos you can put on your home page if they don't help you generate revenue. Buying SC to add some money to the bottom line won't make this a successful company, not if they keep burning through cash and TAGG can't add to the bottom line.