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Check out the latest video from Erik Anderson of Fiore
January looked good. Great NR today. New management has the grow rooms humming along, has the demand for product and has cut costs. Great start to the year and well into their Business Plan of cash flow positive in Q1. Great work to Erik and the team!
It's January. If they start being cash flow positive........as they mentioned and reach the numbers they are projecting then $1 is cheap
No surprises guys. CEO said cashflow positive by Q1 and I believe they are there. Dispensary made money in January as per today's release and I think when I spoke to the company they said they will be updating crop sales as well and that targets were met. Cleaning up the balance sheet and moving forward!
Great piece about the company. Follow their Youtube Channel
Wow, things must be looking up as the negative guys are back who wished they could have bought more paper cheaper. Insider reports are readily accessible fellas! No insider selling. Someone playing games, I would agree with. Crops have come off and I understand there will be news on it. Also hearing news coming about Celista. Team has done a great job cleaning up from previous management mis-doings. Always nice when current management actually wants to build a company and follow through. Great job to Erik and the team!
Great Video showing what is happening. Prior day the Stifel Analyst said a 20X multiple for USA cultivators....Erik says $10 mil USD so that is a $200 mil market cap USD. We are currently at about $20mil USD........upside.........yup!
https://www.bnnbloomberg.ca/investment-trends/video/inside-fiore-the-cannabis-company-combining-the-market-potential-of-two-crucial-states~2109440
Great article in the Canadian media today!!
https://www.bnnbloomberg.ca/why-a-rapid-change-is-on-the-horizon-for-american-cannabis-1.1537351
So, I picked up the phone and chatted with the CEO to clarify (as I have advised many to do) and the company still has 1 organic certificate. They are also on of the only organic living soil cultivators in Nevada and have upgraded their genetics library to offer higher THC strains which are in high demand in Nevada (especially for the weekend partiers in Las Vegas) and will still receive top dollar for their products. Should be noted that the company is also cash flow positive starting the end of January
As well, the company is growing in "Organic living soil" You claim to be in the know, but evidently haven't been allowed to the facility in awhile or you would have known that.
Citation Growth Corp. Announces Name Change
Kelowna, British Columbia – November 4, 2020 – Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) (“Citation” or the “Company”), a licensed multi-state cannabis cultivator, producer and retailer, announces that pursuant to a Director’s Resolution, it will change its name to Fiore Cannabis Ltd. and trade under the ticker symbol “FIOR” on the Canadian Securities Exchange (the “CSE”). The CSE will publish a bulletin announcing the effective date of the change and it is anticipated that the common shares will begin trading under the new name on or about Tuesday November 10, 2020. The CUSIP number assigned to the Company’s common shares following the name change is 31811L107 (ISIN CA31811L1076). The Company’s listed common share purchase warrants, expiring January 31, 2021, will begin trading on the CSE under the new trading symbol “FIOR.WT” with the new CUSIP 31811L115 (ISIN CA31811L1159).
Erik Anderson, CEO of Fiore, stated: “As the company continues to make great strides in our efforts to evolve the company in line with our vision of ‘moving forward,’ management and the Board of Directors felt it was prudent to update our corporate identity in relation to our strong branding in the Nevada market. Fiore is an award-winning flower and the crown jewel of the corporation. Our proprietary cultivation methodologies at our North Las Vegas Apex facility maximize the potential for our unique genetic library of organic cannabis strains and produce a retail product that garners a market premium. Being a premium organic producer in one of the biggest markets in the U.S. positions Fiore well for growth into 2021 and beyond. We have installed full spectrum LED lighting from Fluence in the facility and are eagerly looking forward to increasing supply of a highly sought-after product in the Nevada market.”
No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name change and do not need to be exchanged.
About Citation Growth Corp.
Citation Growth Corp. (CSE:CGRO) (OTCQX:CGOTF) is a publicly traded company that has been investing in the development of medical and recreational cannabis products since 2014. Citation has expanded its operating portfolio to include cultivation, production and retail offerings in our key North American legal jurisdictions Nevada, California, Washington and British Columbia. For more information, please visit www.citationgrowth.com.
For Further Information:
Erik Anderson, President and CEO
1-877-438-5448 Ext. 713
eanderson@citationgrowth.com
Oh J-D you are funny. All 5 posts you have made about this company have been so mis-informed it is not even funny. I AM NOT HUHN. I get my information by picking up the phone and speaking to Erik.........like any other shareholder can. I can also say like LIVETOM that I have been to every facility this company owns. I can also say I have been a shareholder since 2016. I can say I have a very large position. I am simply here to tell the truths and counter the lies, with proof, that others spew. If you were on the AGM call then you realize that everything Erik said he was going to do, he has done. Yes previous management definitely did some stupid things.....100% AGREE. That is all being fixed. Like most cannabis companies now we have someone who is an operator and not a promoter. Like many other companies out there they are getting stuff done and treating this like a real company. So, if you are that dissatisfied with what is happening, then by all means please private message me and i will gladly do a cross for you. I'm sure with all 5 posts you have made that you must have at least a little paper and not just some cranky troll in the back room.
I am not an insider, however, if you pick up the phone and call Erik I know he will speak to you. He will also tell you that there are financings in the works to cover off the AP. As for the grower you refer to and the previous grower, the lights are on him. Funny how we did get all new lights and all the old lights go back under warranty. The Cannabis Cup strain is being played on, stay tuned is what I am told on that. As for Cali, $10k a month profit is more than most are making at this point. As for the debenture holders.........once again stay tuned as I actually know some of them and I hear there is a deal being made. So instead of just spewing anger and hate, why don't you pick up the phone and call Erik.
You are funny, the hits keep coming. Check your facts on Huhn. He is doing his job and the other facts you better once again be careful before you spew lies.
Well you must live in Vegas or be a disgruntled employee as you seem to know the "previous grower" For the record ALL rooms have the new lights and crops start coming off in January I believe. As for an employee not getting paid bahahaha, maybe he should have done his job better. There are always 2 sides to the story. Maybe you should call the CEO and CFO and get your fact correct before spewing your hate on here, or better yet, average down or cover your short because management is doing exactly what they said they were going to do and were going to do. As for A/P no one is denying that, look at financials. There will be lots of cash from sale of Celista and other initiatives, so once again, check your facts.
Wow J-D did you lose money? Can I buy you some cheese for that wine? Like wow dude you are sadly misleading people with your facts so let me help you out.
1. The new CEO has a surfboard company that he "turned around" I am pretty sure that is the surf board comparison as Citation is also a "turn around"
2. The CEO has been part of other Cannabis deals, so this is not his first rodeo. The unfortunate part is he is the 4th CEO coming in and was left with debt and a mess. The first grower at APEX was a problem. Everything from not great crops to letting lights burn out and not doing anything about it. Unfortunately he also corrupted the 2nd grower in my opinion. The grower out there now has more knowledge than the first 2 ever did.
3. Cali dispensary has been showing solid growth as per updates. Making the comments you do without any proof is a big mistake. The company financials are audited if you recall
4. The micro deal and the retail deal leads us to a cash flow positive situation even quicker. It also helps both our top line and bottom line without an outflow of cash. Once again, read the releases. As well, Celista is closer every day.
5. This company is ran lien and is cleaning up past messes, so before you bitch and complain, why don't you actually average down and make some money instead of wine about share prices.
Cali picking up steam!
https://www.stockwatch.com/News/Item?bid=Z-C%3aCGRO-2909199&symbol=CGRO®ion=C
Long and strong!
So it begins.......revamp at APEX. Looking at 3 fold increase in production with reduced costs. Looks like the team is ahead of schedule as well!!
https://www.stockwatch.com/News/Item?bid=U-nf56217_136-U:CGOTF-20200520&symbol=CGOTF®ion=U
Well done Erik and team!
Nice to see the CEO and Directors participate in a $0.15 financing when the stock is at $0.10 CDN. Shows that they truly believe in this company and will do good things. Wonder what SAV thinks of the bankruptcy stuff now.
Wow! $8.5 million. That will make the coffers fairly flush. Getting the new lights in APEX will certainly increase production as well. Well done Erik et al!
LND, haters gonna hate. Stock traded 651.000 shares in Canada and was up 40%. I want to thank the people selling for putting 300,000 more shares in my pocket. For the haters, call the new CEO and see the vision. For the longs, stay long and stay strong. Everyone has an agenda and mine is to see the stock go up. The new CEO vision is to grow the business using non dilutive measures and take advantage of all of our facilities. The plans are in place. Like the old movie Field of Dreams.........If you build it they will come. LND, myself and every other long will have the last laugh.
Absolutely 100% agree. I have been a shareholder since 2016. Shoulda coulda sold but did not. I have been a solid accumulator and own millions of shares now. I do believe in the new management team and the nice part is they are about growing a business and not just stock promo. I have bought a tonne of stock this month alone in Canada and truly believe it will never be cheaper.......
Judging from the CEO letter it sounds as though there is a dispute between ACC and Citation. Not a big fan of the ACC deal. I believe it would be best if we got back what we paid for the deal as there are waaaay better acquistions out there in this market. Still a company with not a whole lot of debt which is our saving grace. Truly believe we will be a major player in time, but things need to be done correctly. A new CEO and CFO with no past ties to the company is a major start. Now we just need to grow more weed. One day we will all chuckle about how much time in energy we spent on defending our positions. The weed world has changed to new business minded CEO's and CFO's and no longer just weed smokers with a dream of becoming rich.........those days are over!
You are partially correct. The company did enter into these agreements, however, the consultants were also supposed to offer liquidity due to the fact that we could no longer trade in Germany because of the USA holdings. I believe Linda was trying to make sure that there was liquidity in the market and did in fact hire these guys to do a job. There were MANY companies that did this deal. There were MANY companies who were over promised stuff by the so-called consultants. Our company still exists today and the people / directors who were involved with doing this deal are no longer part of the fray. Was it a bad deal, yes! Was it intentional, I do not believe so. The point of the matter is the BCSC is NOT after the company, they are however after the consultants. Many many posts on Stockwatch about the entire series of events.
New CEO definitely has a vision! The comment on the license in Vegas is that if it is true that they are no longer sq footage based, then there is no need for 2 licenses. This is yet to be confirmed. It is just a non dilutive way to finance if required. Non core assets should have been spun out a looooong time ago. All of these assets at the time made some sense. No one expected the chaos on in Cali, that land there should of had more value. No one expected $600 a pound in Washington with a large amount of growers. Celista is an awesome asset and will fill a need in the medical market in Canada as that is and always has been the vision of Celista. As for the comments on 10000 sq ft at Apex. The extraction in those facilities alone will do very well. There can be outside flower ran through the extractor to keep it running 24/7 if they wanted to. Lots of companies in the area willing to provide product to run through the facility. Not only that, the flower there is still garnering $3000 plus a pound which is the higher end in the market there. The median is $2400. Quality over quantity is sometimes best. Look at what is happening with the big players.......they grow crap and burn more crop than they sell. Stay educated people. I agree with SAV and some others that there were problems in the past, however, if the last couple months are any indication, those kind of things will not happen anymore. New CEO believes in building a company and the stock price will reflect it. Like the old movie Field of Dreams........If you build it, they will come.
You are 100% correct, however, the "Consultants" are the one's being investigated and even prior to the BCSC, the company had started an internal investigation. The company then released LIHT (now Citation) from the order:
https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00035394&issuerType=03&projectNo=02865223&docId=4449390
The BCSC is still asking questions of the company on any info they may have on the CONSULTANTS, but they are not looking at CGRO. CGRO was duped like many other companies. Just like you are trying to DUPE people on the board with misleading and false statements.
Then you have a problem reading as Canada, the CSE traded 189,000 shares. Good try though
Screwed me as well. DO NOT DENY THAT! I was told It was done for the ACC deal and that they had a financing lined up at $1. However, a lot changed from the time the deal initiated to when it finished.........ie, the stock market for cannabis went in the crapper. This company has little debt compared to most and a small burn compared to most. Don't fall for what others are saying. Talk to the new CEO! I heard there is a big corporate update being worked on as well as some proformas as well as a possible call for shareholders so people understand the plan. Talk is cheap, the new guys are actually doing.
Hmmm, again WRONG! Celista is by no means defunct. I have it on good terms that the project is close to being started up again. Massive need for Organic Quality Grow in Canada for medicinal purposes plus then they can export. Also heard a strong board member from another major player coming on board and also has a strong financial back ground. These players do not come on board to scams etc. Yes stuff was done poorly in the past, but the current CEO/CFO and board members are cleaning stuff up. The only consultants left around are those that are actually contributing. Come on Sav, you can do better.
This one is funny. The property is listed and there has already been one offer that is well above the debt owed. Another great attempt to scare people. We can do this all day. Let's play.
Once again, someone wearing blinders. Look around, ACB from $17+ to $1.40 CDN, Canopy.....$76 to $19..........Tilray...$300 high, now $8. I could go on and on as this is the same for everyone not just CGRO. However, thank you to all who have sold stock. I bought over 50k more shares today and appreciate you all.
Look at the markets in general. The DOW was down over 2000 points at one point in time today. The stock was just GREEN in Canada and is currently flat.
Better get your facts straight........even pre merger there was the grow at APEX, the extraction at APEX.......fear mongering will get you know where. Have you also stocked up on toilet paper?
I am not sure why everyone is surprised about the location of the meeting? This is a Canadian based company. The CEO/President/CFO/Business Development guy and half the board are all in Calgary. 95% of the time people do not even show up to AGM's. I have received a call from the new CEO as he is reaching out to shareholders and he is definitely a man of action. His goal is to operate...........there is a concept. Keep the assets that make sense and improve the assets that will generate cash flow. I was very impressed with the strategy the company has going forward.
Hearing some rumblings that new CEO will be announced in the next day or two. Came from outside the company and has grown multiple companies including a Canadian LP. The CFO also has previous experience in the Canadian space. I understand that there is a plan for ALL core and NON core assets moving forward.
To quash some of the comments made by others, The BRIDGEMARK investigation is ongoing in Canada. LIHT now Citation was released from the investigation as they did not do anything wrong other than get duped by some fraudsters, so at least get your facts right.
The Cannabis space has taken a hit in the last little bit due to DEBT that these companies have. If you look at Citation, there is very little debt and they do have revenues. So the bankrupt comments are ludicrous. If someone is dumb enough to sell paper at these levels, then I say thank you as I am on the bid. I own over 5% of the company and will keep accumulating as this deal makes more sense than most and the one's that are knocking it are simply uneducated.
According to insider filings:
16,714,500 to ACC Enterprises (not sure what percentage of that he owns but these will be under the 3 year escrow
1,961,250 shares via a Placement filed Nov 1 (These will have a 4 month hold)
980,625 warrants attached to that pp
You can see all insider buying and selling via www.canadianinsider.com Under ticker symbol search type in the Canadian symbol CGRO
Not in his best interest to sell at these prices as he is under water for sure.
Sav79,
Howard's shares will not hit the market. They are under CSE escrow and are released 10% at a time over the next 3 years. Once again, know your facts please instead of spewing lies.
In response to the Canadian land that someone asked about. There is Celista which has 2-10,0000 sq ft building built out for a total of 20,000 sq ft. The entire security of the property is done for 100,000 sq ft. The area has it's own co-gen and water. Their is $1 million of lights there to be installed. There is some HVAC work left to be completed. The delays have came from regulatory changes in Canada as to what is acceptable. The buildings are best in class just like APEX. The company has focused on getting the USA facilities ticking as there was a lot of saturation in the Canadian markets and they will eventually complete that asset as funds continue to be made on sales in Nevada.
I am a loooong time shareholder, since the beginning. Am I frustrated with all the changes.... yes, am i frustrated with delays, yes. That being said, we have stellar assets that are now getting the TLC they need. Management has been shaken up. TRUE business guys are coming in to run this like a business. The Cannabis space needed a shake up and we got one this last year. Valuations will no longer be outrageous. This is truly our Cannabis 2.0. Like the movie "Field of Dreams".....If you build it they will come. The last time I looked the Apex product won a High Times award, our Extraction Facility is now only getting started and has lots of room to expand and add more product. We can wine and bitch all we want, but in today's environment to still be around is a BIG DEAL. Pubco's can always usually raise funds so bankruptcy is not something that should ever be said. Pubco's with production it is definitely a word that should not be said and that is CGOTF. Have a great day folks and don't let the haters get you down. If the stock hasn't gone down on a CEO resigning and there has been accumulation............where do you think the stock goes. Correct UP!
Great statement Long N Deep. A management shake up is important. The new CFO is a great addition. The kid is smart and YES before the haters hate, I have spoken to him and he is excited and is very well connected. As for the new CEO, there is a short list and it is a very good one. The fellow at the top of it has a lot of experience running companies and has nothing to do with the original regime, the middle regime or even this last regime. Like Kevin, he is fresh blood. Great volume on the Canadian side of the stock in the last 10 days with National Bank being the buyer of over 1 million shares. Someone is excited and knows something. With cash flowing assets, the sale of non core assets, and new management, bankruptcy is a ludicrous statement. That statement is someone who is short the stock and wants to cover. Words of advise, cover now or lose your ass.
That was funny. Some people need to understand how public markets work. There are rules, regs, etc. Audited statements. Officers and Directors must file Personal Information Forms. They should declare all past wrong doings, bankruptcy's, lawsuits, etc. If you ask Howard, he had done......the internet says a whole lot different. Just saying Howard, if you are going to lie just remember that the internet is a massive beast that keeps rolling. You can run but not hide from the truth.....I don't care how fast your cars are.