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Apparently I need some smarter people than I to take me through this. So this was sold for $400K and the new market cap is around $1.775MM if we go with $.0075. x the new share structure of 237,000 (1 for 1,000).
Who is going to spend $400K and not have far more than $1.775MM to put into it.
Looks like a strong buy IMHO.
Welcome to be shown how wrong I am on this.
Are you talking about ESPIQ? Ask as it was up 14.46% today, not down.
That's a splendid idea...OH WAIT...YES..THAT'S A SPLENDID IDEA!!!
ALTHOUGH...FAR EASIER TO JUST BLOCK THOSE THAT "HAVE NO INTEREST IN THE STOCK" BUT SHOUT A LOT!
GLTA
Starsona merged with MyFanPark back in Nov of 2020 and the platform is a true competitor to Cameo. Give it a little time and it will acquire more N. American celebrities but is already a force in India.
https://www.about.myfanpark.com/nov302020
So there is revenue.
Example of a MyFanPark Celebrity Video: https://vm.tiktok.com/ZMeMuMTay/
In my opinion, site is as easy or easier to use than Cameo.
NO. That would be 57,000% profits.
Also. MyFanPark is the real deal. Have used Cameo before and tried MyFanPark last night and had my video from the Soup Nazi (Seinfeld) delivered to me this morning.
Anyone wants to see it, just send me your email privately.
I'm excited as that space has room for 2-3 companies to operate.
Hey Look!
It's the second coming!
LOL
Thanks so much for you update.
So let me put this in perspective for you.
Jan 29th you hated the stock at $.15
If you invested $20K at $.15. You could cash out today AT THE LOW OF THE DAY for $100K OF PURE PROFIT.
That's $10K a Day of Profit.
I'm sure you have a point. Just keep doing what you are doing because it is friggin' gold to us mentally challenged folks who are now millionaires. And I'm riding free.
Have an amazing day!
Your Funny.
This from the guy who said 10 days ago
"This will never break 0.30 .. Can't even hold .20 or .16"
Not sure why you are here but we appreciate your negativity and skepticism. Just have joy in the fact that there are a lot of new millionaires here because of this stock and George.
See you at $2 and Beyond.
Holding with Diamond Hands. Why? Because 57,000% Gains is just the beginning.
GLTA
You Mean When it breaks $2 Right?
First Miracle Delivered.
One Miracle In Process.
Just added $20K of shares.
Why We Are Undervalued
Nobody knows who we are.
A Google Search of FORW and you will see insane interest over the past 2 months.
Then do a Google Search of TSNP and you will see the same insane interest over the past 2 months. They mimic each other.
However, overlay the two on the same chart and FORW is basically non-existent. So we are well known...only to a small group. Wait till people learn who we are.
Use this link to see the difference.
https://trends.google.com/trends/explore?geo=US&q=forw,tsnp
GLTA Fellow Holders
Why We Are Undervalued
Nobody knows who we are.
A Google Search of FORW and you will see insane interest over the past 2 months.
Then do a Google Search of TSNP and you will see the same insane interest over the past 2 months. They mimic each other.
However, overlay the two on the same chart and FORW is basically non-existent. So we are well known...only to a small group. Wait till people learn who we are.
Use this link to see the difference.
https://trends.google.com/trends/explore?geo=US&q=forw,tsnp
GLTA Fellow Holders
NOBO you likely have some shares lower than me. I'm loving the 250K buy in Sept of 2017. $409 for 250,000 shares. That's $.0016396 per share. Fast forward and that's a 54,760% Gain.
Once again, I may not have stayed and continued to accumulate if it were not for your efforts and constant support.
Thank you Sir!
Why are you not buying FORW - 50% Discount on TSNP
Not sure why nobody here is actively buying FORW. They hold 500,000,000 million TSNP warrants at $.05.
It's basically buying TSNP at a 50% discount. Current price is $.35
GLTA
Warrant Math 101
George Sharp tweeted 3 times about this, they all show a .05 warrant price:
I don't know how I can make this any clearer for people to understand.
When $TSNP is $.46 $FORW's warrants are in the money to the tune of $.46/share
(500,000,000 x (.46 - .05)) / 440,324,346 FORW SHARES = .465
When $TSNP is $.38 $FORW's warrants are in the money to the tune of $.375/share
(500,000,000 x (.38 - .05)) / 440,324,346 FORW SHARES = .375
when $TSNP is $.19, $FORW is in the black on its warrants to the tune of $.159 per share
(500,000,000 x (.19 - .05)) / 440,324,346 FORW SHARES = .159
Shoutout to MikePgator for the above math.
Blue Horseshoe loves FORW.
People here not realize FORW owns 500,000,000 warrants on TSNP at $.05. Price for TSNP is way cheaper if you buy FORW.
FORW still way undervalued.
GLTA
My thoughts are that nobody at this company knows how to spell. "ahead" not "a head".
Who actually believes this idiot of a CEO has a bitcoin machine. I have 10 and I guarantee you that is 10 more than him.
This from a long term bagholder. This is nothing more than a scam. Walks like a duck, talks like a duck...this is a dead duck.
Sorry.
Don't ignore the ventilator.
At most you have half a billion vaccines by early 2020. Population is 7.5 billion.
Moreover, A new report has found that as many as 90 percent of the population in dozens of poorer countries will miss out on the coronavirus vaccine next year because most of the supply has already been taken by rich nations.
The People’s Vaccine Alliance says that rich countries have hoarded enough doses to vaccinate their entire populations nearly three times over.
That leaves at least 67 poor countries with only enough to vaccinate one out of 10 people, unless governments and the pharmaceutical industry take urgent action, the alliance, which includes Amnesty International and Oxfam, warned.
Five of the 67 – Kenya, Myanmar, Nigeria, Pakistan and Ukraine – have reported nearly 1.5 million coronavirus cases between them.
In contrast, rich nations and economies that are home to 14 percent of the global population had bought 53 percent of the total stock of the most-promising vaccines as of last month.
So the long term need for an affordable ventilator is a market that has barely been scratched.
If it gets approved...sales are not an issue.
Hello Boys...Long Time.
First off. NOBO. Thank you for all the effort you have put in over the years on this ticker. We don't thank you enough and it is greatly appreciated.
What many don't realize is that the available float here is far lower than what most realize. We did this exercise over a year ago and believe that just under 10 of us long long time holders (many from before the ticker changed) hold over 40 million of the float and it is locked for the long term.
My only comments are:
1. Thank you George. We believe in you
2. Take a little off the table and donate it to good causes
3. Sit back and enjoy the ride
Happy Holidays All
Someone's in the know or speculating.
Sir, I do believe you are correct.
Images sure do look the same.
Nice Find.
All of a sudden find myself very optimistic.
Seaport Global Issues TGOD as Buy
Here is the report and summary of the call. Outlook similar to Jefferies report.
https://us.v-cdn.net/5021759/uploads/466/T17LXI4R2U9R.png
Solid Jefferies Summary of Financials and Call.
Going forward...Looks Like Blue Skies. Cash flow positive by Q1 20!
https://us.v-cdn.net/5021759/uploads/611/JXTE4O2Z127X.png
Anyone following this stock for any respectable amount of time knows that sales are just now slowly starting and will do nothing but ramp up and grow Q over Q going forward. This was a very responsible loss this quarter...Takes a lot of $'s to build out and manage an infrastructure such as TGOD.
Late to the game? Not really when you consider all the supply shortages and inability to sell oils yet. TGOD will catch up quickly. There isn't one Cannabis stock out there with the explosive potential that TGOD has.
This will be well over $3 in three months and as sales come on line, likely over $4. That's a very strong return.
Ask yourself...Is there a stock I can buy now that will guarantee me 10% return in 90 days? While there are no guarantees...this is about as close as you can get.
Very long on TGOD. 106K Shares and if we take a hit today will add.
Death, Taxes and TGOD going up...especially as we head into:
Q3 with sales
Valleyfield Online getting closer
NASDAQ Uplising
GLTA
The Green Organic Dutchman Reports Q2 2019 Results
TORONTO, Aug. 13, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX: TGOD) (US: TGODF) is pleased to report its financial and operational results for the three and six months ended June 30, 2019. These filings are available for review on the Company's SEDAR profile at www.sedar.com.
Q2 Highlights: The Company: Is nearing completion of construction at its Hamilton site and Phase 1 at its Valleyfield site, with investment amounting to $53.1 million in the second quarter of 2019, bringing the total additions year to date to $100.9 million. Achieved revenues of $2.9 million, a 20% increase over the prior quarter derived primarily from Europe. In Canada, the Company launched its pilot "Grower's Circle", which included sales to a small number of medical patients to test the market and the Company's distribution capabilities. The Company launched two new products in Q2 and expects to start a similar pilot in the Ontario recreational market during Q3-2019. Experienced a net loss of $16.6 million for Q2-2019.
Management continued to maintain a disciplined approach to operational costs as it prepares for commercialization of its products in Canada and internationally. Other key updates in the quarter The Company: Announced provincial board supply agreements with Alberta Cannabis and BC Cannabis Stores, expanding its footprint in Western Canada.
Achieved its organic certification for the Valleyfield facility from Pro-Cert, an internationally recognized organic certification organization. Signed a distribution agreement with Mediakos UG haftunsbeschraenkt to be the exclusive distributor of CannibiGold, HemPoland's premium hemp CBD brand, for the German pharmacy market. In addition, the Company launched its Global Strategic Hemp Division. Entered into a multi-year agreement with Neptune Wellness Solutions Inc. for extraction, formulation and packaging services. As part of the agreement, the Company will have exclusivity on extraction, formulation and packaging of certified organic products within and for the Canadian market.
Investor conference call to discuss second quarter results Management will host a conference call tomorrow at 9:00 a.m. Eastern Time to discuss the results. Participants may access the call by dialing 416-764-8688 (Toronto) or 1-888-390-0546 (North America); Conference ID 37027015. For those unable to participate on the live call, a playback will be available for one week after the conference call using this URL: https://event.on24.com/wcc/r/2045003/C17F2A331332C2718597218C3F00D7C9.
Management Commentary "Q2 was pivotal for the Company as we began commercial production in the second phase of our Hamilton site and expanded our product line for the Grower's Circle," commented Brian Athaide, CEO of TGOD. "The product quality feedback from the Grower's Circle has been overwhelmingly positive, confirming that patients appreciate having access to premium certified organic cannabis, an underserved segment of the market. With double digit quarterly growth in Europe and construction nearing completion in Canada, the team continues to deliver on our ambitious business plan with executional excellence. We now have our first purchase order from the OCS in hand and look forward to shipping our first recreational sales this week," continued Athaide.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. TGOD also has organic hemp CBD oil operations in Canada, and through its wholly owned subsidiary HemPoland distributes premium hemp CBD oil in the EU. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD's products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark. TGOD's Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol "TGOD" and "TGOD.WT", respectively. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
Don't sell this deal short.
Wade through CAMEO.COM same concept but more mature than Starsona as it currently has a huge talent lead on Starsona but the possibilities and applications are immense for both...but what is important is that even CAMEO has barely scratched the surface of actors, celebs, athletes, etc.
Not only that, people can use both applications. And what an awesome way for talent to generate revenue for one of their charities.
This is a winner as long as they continue to add talent. Which they are doing.
And to correct an earlier post of someone...you DO NOT have to have your video available for everyone to see. So counting up the videos is not an accurate metric.
It's absolutely worth a hold for a year or two at these prices.
Great News!
Frogs can fly!
Didn't George go out of his way to let us know that we would not hear anything about this meeting for quite some time?
So while a tweet would be awesome...it's likely not going to happen any time soon.
That said...if the meeting went poorly...we would know very soon and likely far sooner than if the meeting went well.
My take on this... NO NEWS IS GOOD NEWS!
GLTA
Potter,
We seem to be dangerously close to a figure that makes Namaste an attractive purchase for the right LP.
Mention this so many here don't dump below an accurate valuation. Yes, realize we are a long way away from knowing an accurate valuation.
At $.50 we are only a tad above a $200 Million market cap. For a company with existing globaldistribution channels, a global footprint (at least for sales of vapes and accessories) and many partnerships (Pineapple Express, etc) they seem very attractive to the right LP. Especially with $30 million and more likely $40 million in the bank. That takes the net cost down to a mere (haha) $170 million.
Would need to be a global player like Aurora or Canopy or one wanting to catch up.
I had sales in down to $.50 and pulled them. Hate trading on emotion.
Your thoughts?
Pulled a Maxwell Smart two days ago...almost sold out with intention of buying more Aurora. That would have been brilliant. "Missed it by this much".
GLTA
West may not be your cup of tea; however he is well respected and holds more than fair bit of influence.
No coincidence that TGOD jumped 10 percent during his show. Very very few people have that influence.
Regardless, James interviews more CEO's and people of influence in the cannabis industry than any other person in the US or Canada.
What made this interview so compelling is that it introduced a lot of people to TGOD's CEO. And that is what was important. Brian always does a fantastic job of explaining the TGOD vision.
Forget Mr. Wests style (if you don't like it) but don't ignore his ability to gain access to some of the most important individuals in the industry. Certainly don't forget the questions he asks as he gets a great deal of insight.
This interview was informative and exactly what people needed who were not familiar with TGOD and their potential.
Holding 103K shares and a very long term hold.
GLTA
Great Midas Touch Interview on TGOD
Great Midas Touch Interview on TGOD
Namaste PR From Acting CEO MENI
TORONTO, Feb. 8, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today provided the following letter to its shareholders.
Dear fellow shareholders,
I want to thank all our shareholders for your continued support for our company over the past week. I know a lot of you have questions about the future of Namaste.
In situations like this there is often a great deal of rumour and speculation circling around. I want you to know the company will provide updates whenever possible. I'd urge you to focus on communications that you receive from the company and ignore the rumours even though I know they can get loud.
I'd also ask you to focus on what really matters:
This is a fantastic company with great people, products and prospects.
We have a strong, talented management team in place, and we all believe the future of Namaste is bright. I'm incredibly humbled and excited by the opportunity I have as Interim CEO to lead this company forward, but it's truly not about me; Namaste is bigger than any one individual.
We have great people across the company and a solid business. With that in mind, and looking at our performance to date, we're in a great position. Consider the following facts:
Our team has not stopped innovating:
We have powerful Artificial Intelligence capabilities that are being deeply integrated into our customer experience – and we're continuing development.
We're developing Uppy version 2.0 based on feedback from our customers.
NamasteMD has been completely re-architected and will be released in the coming weeks. This will improve performance, user experience and enable rapid deployment in new markets.
We're near completion of our ERP replacement project. This will drive supply chain optimization, improved operational efficiency and better reporting capabilities.
We have a license to distribute medical cannabis in Canada and strong supply agreements. The selection on Cannmart continues to grow, and we are working on improving the buying experience.
Our business development team led by our Chief Strategy Officer has a healthy pipeline of partnerships which will continue to strengthen the position of the company.
We have a strong cash position that enables us to execute on our strategy and continue to innovate.
In short, the management team's focus continues to be on executing our strategic plan, growing the business and creating shareholder value for you, Namaste's owners. That is our mandate, and we are moving full-steam ahead.
Thank you for your ongoing patience and support, and we'll continue updating everyone as things progress.
Meni Morim, Interim CEO
About Namaste Technologies Inc.
Namaste Technologies powers the ultimate online customer experience for medicinal cannabis and related products. Beginning with NamasteMD.com, the Company's integrated telemedicine application, we connect medical clients with health care practitioners to more readily issue and renew cannabis prescriptions online. Featuring the first Canadian Medical Sales-Only Licence, the Company's own Cannmart.com is your 'everything cannabis store' offering clients a large variety of strains to fill their prescription needs. Namaste's unique artificial intelligence (AI) engine incorporated in its platforms and related Uppy App, completes our ecosystem by identifying the right product and pairing to address specific medical cannabis requirements. Namaste also provides vaporizers and accessories across several platforms operating in more than 20 countries. Namaste's global technology addresses local needs in a burgeoning cannabis industry requiring smart solutions. For more information about Namaste, please visit www.Namastetechnologies.com
Further information on the Company and its products can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca
FORWARD-LOOKING INFORMATION - This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained in this press release, includes, but is not limited to, statements with respect to the Company's strategy of leveraging its technologies and acquiring new innovative technologies and the expected benefits thereof.
The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: risks relating to the market price of the Common Shares and risk's relating to the Company's ability to execute its business strategy and the benefits realizable therefrom.
Additional risk factors can also be found in the Company's current MD&A and annual information form, both of which have been filed under the Company's SEDAR profile at www.sedar.com.
Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
SOURCE Namaste Technologies Inc.
Sen. Ron Wyden (D-Ore.) introduces S.R. 420 bill that would legalize marijuana
https://thehill.com/homenews/senate/429139-dem-senator-files-s-420-bill-to-legalize-marijuana
Sen. Ron Wyden (D-Ore.) on Friday introduced legislation that would legalize marijuana at the federal level, designating the measure S.R. 420 in a nod to cannabis culture.
The bill, known as the Marijuana Revenue and Regulation Act, would “responsibly legalize, tax and regulate marijuana at the federal level,” according to the Democratic side of the Senate Finance Committee, where Wyden is the ranking member.
Sen. Ron Wyden (D-Ore.) introduces S.R. 420 bill that would legalize marijuana
https://thehill.com/homenews/senate/429139-dem-senator-files-s-420-bill-to-legalize-marijuana
Sen. Ron Wyden (D-Ore.) on Friday introduced legislation that would legalize marijuana at the federal level, designating the measure S.R. 420 in a nod to cannabis culture.
The bill, known as the Marijuana Revenue and Regulation Act, would “responsibly legalize, tax and regulate marijuana at the federal level,” according to the Democratic side of the Senate Finance Committee, where Wyden is the ranking member.
Update on SpinCo Warrants. TGOD mails out Election Forms.
The Green Organic Dutchman Announces Mailing of Election Forms for Spinco Unit Warrants.
The Green Organic Dutchman Announces Mailing of Election Forms for Spinco Unit Warrants
TORONTO, Feb. 6, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce that, further to its news release of January 24, 2019 announcing the record date for the distribution (the "Distribution") of unit purchase warrants ("SpinCo Unit Warrants") of TGOD Acquisition Corp. ("SpinCo") under its previously announced plan of arrangement with SpinCo (the "Arrangement"), TGOD has now mailed an election form (the "Election Form") to all registered TGOD shareholders of record as of January 31, 2019 (the "Distribution Record Date") who have an address of record outside the United States. All non-U.S. registered TGOD shareholders of record as of the Distribution Record Date who wish to receive the SpinCo Unit Warrants they are entitled to under Arrangement must complete the Election Form and deliver it to Computershare Investor Services Inc. as the tabulation agent (the "Tabulation Agent") by4:00 p.m. (Toronto time) on February 22, 2019 (the "Election Deadline") or they will lose their right to receive any SpinCo Unit Warrants.
The Green Organic Dutchman Holdings Ltd. (CNW Group/The Green Organic Dutchman Holdings Ltd.) The Election Form is for use by registered TGOD shareholders only (i.e. TGOD shareholders who hold their TGOD shares in their own name) ("Registered TGOD Shareholders"). TGOD shareholders who hold their TGOD Shares through a broker, investment dealer, bank, trust company or other nominee ("Beneficial TGOD Shareholders") should contact their nominee for instructions and assistance in respect of the election to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of the SpinCo Unit Warrants they are entitled to receive under the Arrangement.
TGOD SHAREHOLDERS WHO DO NOT PROPERLY ELECT ON OR BEFORE THE ELECTION DEADLINE TO RECEIVE THE SPINCO UNIT WARRANTS THEY ARE ENTITLED TO UNDER THE ARRANGEMENT WILL LOSE THEIR RIGHT TO RECEIVE THE SPINCO UNIT WARRANTS.
REGISTERED TGOD SHAREHOLDERS In order for an election by a Registered TGOD Shareholders to be effective, the Election Form must be validly completed, duly executed and returned to the Tabulation Agent at 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1, Attention: Corporation Actions or by email of a scanned Election Form to corporateactions@computershare.com by the Election Deadline. The Tabulation Agent can assist Registered TGOD Shareholders in completing the Election Form. U.S. Registered TGOD Shareholders (i.e. Registered TGOD Shareholders with an address of record in the United States) will not receive the Election Form and will instead receive from the Custodian (as defined below), following the effective date of the Arrangement and without any action required on the part of such U.S. Registered TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they were otherwise entitled to receive under the Arrangement, less any commissions, expenses and any applicable withholding taxes. It is anticipated that the SpinCo Unit Warrants will have nominal market value.
BENEFICIAL TGOD SHAREHOLDERS
Beneficial TGOD Shareholders should contact their nominee for instructions and assistance in respect of the election to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of the SpinCo Unit Warrants they are entitled to receive under the Arrangement. Beneficial TGOD Shareholders must make an election through their nominee by the Election Deadline or they will lose their right to receive the SpinCo Unit Warrants or, in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they are entitled to receive under the Arrangement. Due to default option requirements, Beneficial TGOD Shareholders who hold their TGOD shares through The Depository Trust Company (DTC) will, in addition to the option (i) in the case of non-U.S. Beneficial TGOD Shareholders, to receive the SpinCo Unit Warrants such non-U.S. Beneficial TGOD Shareholder is entitled to receive under the Arrangement or (ii) in the case of U.S. Beneficial TGOD Shareholders, their pro rata share of the cash proceeds from the sale of SpinCo Unit Warrants they are entitled to receive under the Arrangement, be presented with an option to elect to receive nothing, being the default option if such Beneficial TGOD Shareholder fails to elect an option by the Election Deadline.
U.S. SHAREHOLDERS
The SpinCo Unit Warrants to be distributed pursuant to the Distribution will not be registered under the laws of any foreign jurisdiction, including the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). Consequently, NO SPINCO UNIT WARRANTS WILL BE DELIVERED TO ANY REGISTERED OR BENEFICIAL HOLDER OF TGOD SHARES WHO IS, OR WHO APPEARS TO TGOD OR COMPUTERSHARE TRUST COMPANY OF CANADA, AS CUSTODIAN (THE "CUSTODIAN") TO BE, AN INDIVIDUAL OR ENTITY THAT QUALIFIES AS A U.S. PERSON UNDER APPLICABLE U.S. SECURITIES LAWS (COLLECTIVELY, "U.S. SHAREHOLDERS"). Such SpinCo Unit Warrants will be delivered by TGOD to the Custodian for sale by the Custodian on behalf of all U.S. Shareholders and U.S. Shareholders (and in the case of U.S. Beneficial TGOD Shareholders, electing U.S. Shareholders) will receive from the Custodian their pro rata share of the cash proceeds from the sale of such SpinCo Unit Warrants, less any commissions, expenses and any applicable withholding taxes. It is anticipated that the SpinCo Unit Warrants will have nominal market value.
TAX MATTERS
In general terms, SpinCo Unit Warrants can constitute "qualified investments" under the Income Tax Act (Canada)(the "Tax Act") as of any particular time if the underlying common shares of SpinCo ("SpinCo Shares") are listed on a "designated stock exchange" or SpinCo is a "public corporation" for purposes of the Tax Act at the relevant time. However, an application for listing of the SpinCo Shares will NOT be made on any stock exchange on the Effective Date, and there is no assurance when, or if, such SpinCo Shares will be listed on any stock exchange. In addition, SpinCo is not currently a "public corporation" for purposes of the Tax Act. SpinCo has indicated that it will consider its options to become a "public corporation" for purposes of the Tax Act after the Effective Date. If SpinCo becomes a "public corporation" on or before its filing-due date for its first taxation year (whether by achieving listed status for SpinCo Shares on a designated stock exchange or otherwise, including where SpinCo achieves sufficient dispersal and meets the other requirements to make a "public corporation" election under certain provisions of the Tax Act), it has indicated that it intends to make a special election under the Tax Act to be deemed to have been a "public corporation" from the beginning of the year. No assurance is provided that SpinCo will meet the conditions to become a "public corporation" on a timely basis, or at all, or that SpinCo will be in a position to make, or will make, a valid election or elections for purposes of the Tax Act as indicated.
Accordingly, the SpinCo Unit Warrants may not be "qualified investments" under the Tax Act for RRSPs, TFSAs or other registered plans as at the time of issuance, and the Distribution could therefore subject the relevant plan and/or its annuitant or holder to penalties and adverse tax results. These tax results are not addressed in any detail in the Circular, and no representation is made in this regard. TGOD Shareholders who hold TGOD Shares within an RRSP, TFSA or other registered plan should consult with their own tax advisors promptly in this regard and with respect to all relevant treatment under the Tax Act before choosing to elect to receive SpinCo Unit Warrants in accordance with the election process.
Further Information
For additional details respecting the Distribution, the Arrangement and the election process, please refer to the management information circular of the Company dated November 7, 2018, the Company's news release of January 24, 2019 and the Election Form, a copy of each of which is available under the Company's SEDAR profile at www.sedar.com, visit the Frequently Asked Questions section here, or contact TGOD's investor relations team at: invest@tgod.ca or (416) 900-7621.
ABOUT TGOD ACQUISITION CORPORATION
SpinCo is an investment company guided by an investment policy primarily focused on investments in the cannabis industry in Canada and internationally. SpinCo's investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets, in each case as SpinCo believes will enhance value for the shareholders of SpinCo in the long term. SpinCo's board of directors and management team have considerable financial, mergers and acquisitions and cannabis industry experience and will consist of David Doherty, Chief Executive Officer and Director who has transitioned from TGOD, Nick Demare, Chief Financial Officer, and Jeff Scott, Director.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD's products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned global capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
TGOD's Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol "TGOD" and "TGOD.WT", respectively.
Dollinger commences legal action
Namaste Technologies Provides Corporate Update TORONTO, Feb. 5, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) announced today that Sean Dollinger has taken issue with the Company's actions and commenced legal proceedings against the Company, relating to actions regarding Mr. Dollinger as described in Namaste's press release issued February 4, 2019. The matter is now before the Ontario Superior Court of Justice Commercial List.
About Namaste Technologies Inc. Namaste Technologies powers the ultimate online customer experience for medicinal cannabis and related products. Beginning with NamasteMD.com, the Company's integrated telemedicine application, we connect medical clients with health care practitioners to more readily issue and renew cannabis prescriptions online. Featuring the first Canadian Medical Sales-Only Licence, the Company's own Cannmart.com is your 'everything cannabis store' offering clients a large variety of strains to fill their prescription needs. Namaste's unique artificial intelligence (AI) engine incorporated in its platforms and related Uppy App, completes our ecosystem by identifying the right product and pairing to address specific medical cannabis requirements. Namaste also provides vaporizers and accessories across several platforms operating in more than 20 countries. Namaste's global technology addresses local needs in a burgeoning cannabis industry requiring smart solutions. For more information about Namaste, please visit www.Namastetechnologies.com
$.25??? Sorry, that is not going to happen in any of our lifetimes.
There are like 8-10 Billion shares through Franky's incessant dilution if memory serves me.
He is not capable of orchestrating a scam in the Billions of dollars let alone an actual profitable company. Not in his DNA.
Save yourself and move on. Been trying to give away this crap at $.0002 for an eternity.
PO8...Pipe Dream. Same players, Different Scam. Close to the most ridiculous blockchain idea ever conceived.
Wouldn't trust this group to take the cat out let alone run a legit company. IMHO.
GLTA
Namaste Knows They Need An Awesome PR!
Those law firms that sprung into action at Andrew Left's allegations have now been vilified as it appears the company is corroborating some of them.
What does that mean? In the immediate and short term there is blood in the water and Namaste has some liabilities headed their way. A PR indicating a partnership or merger would be welcome. It also means lawyers are going to make a lot a money (as they are the only ones that really profit) from such actions.
Also means stock is going to take an initial hit.
Don't know Sean but have had numerous interactions with Kory. Kory always struck me as level headed, intelligent, hard working and the glue that holds Namaste together. That said, company needs someone other than Kory to be the face of the company at the moment as his reputation is now tarnished by association...but that will soon fade. Kory is a key figure in Namaste and it's future IMO.
Best of Luck Namaste.
New Investment Rule for 2019. If CEO has a Manbun...abort.