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This is an interesting concept but I think it is completely different from TAAT and I do not think they are in competition at all. TAAT is producing, distributing and selling today. I know the psilocybin space has caught the imagination of many but it is more of a medical play than a substitute for tobacco, harm reduction that is led by personal choice. Medicines take years and years to approve and this particular product you mention is only in the proof of concept stage. Very early in a crowded space so it will be a long time before they have anything ready to sell and their customer base is very niche and will be likely by prescription. TAAT on the other hand, has products on the shelf today and it is customer driven. There are many mushroom plays and I do not think that market is as large as tobacco or cannabis. I wish you well on your investment there tho :)
Great reality check. We are in a very unique position and this can turn out very well for those who can handle the volatility.
I think you missed the point I was making
I think you underestimate how many people will use this product, how cheap people are and how companies will outsource anything but their high dollar indoor grown weed. They will get Columbians to grow for them and pay pennies a gram and eventually dollars a bushel. It is a commodity. It will be a cash crop and like sugar cane, the raw ingredients will be out sourced. It will take time while the novelty wears off but it will happen. And then… all of the companies who got large in every state so they would have first mover advantage will have to deal with greenhouses they no longer need. I am not saying it is a bad strategy, I am just pointing out what the future holds. Its all fine they will either dominate or over extend themselves. It is a brand new market and exciting to watch how it all plays out.
I see this as a “buy when there is blood in the streets even if it is your own” moment. There is enough of mine there but there is so much upside! I also got to practice in the Canadian cannaboom. Holding Tweed/Canopy through $1 days up and down was exciting. The thing about this industry tho, you have to watch it like a hawk. So many things happening every day that can change the plan.
Because the whole market is cooling off and there will be higher interest rates in the near future. That added to the fact it is out of reach of the bigger investors that normally stabilize prices it hits the share prices hard. I listened to Boris tonight on twitter. He is a clever guy and really tells it like it is. I did not used to have any interest here but after listening to how thoughtful he is and how he lays everything out, the good and the bad I have a new respect for him and his company. I think I will be rearranging some of my holdings. I am still kind of concerned about having to have operations in each individual state but he has a good vision for sure.
I got out of Halo because I heard a lot of promises and a lot of plans but few of the plans came about. I am not blaming them! They have suffered big head winds not all of their own making and I stuck with them for a long time. TAAT has achieved everything they said they would do. Launching in Ohio, done, website so anyone in the USA can get a TAAT sent to their door, done, secure larger mfg space to expand offerings, done, moving in to other states, done, other countries, done, branding visible at the Mayweather fight, done……… Regular communication with shareholders done.
I have nothing against Halo and if they show any signs of life I will get back in there. The cannabis companies are under a much bigger challenge on many levels. I rely on my portfolio so I do not have all my eggs in one basket. I have seen how reverse splits usually go and I pulled out of there because of that. I am not disloyal, I am realistic. If they turn it around, I will back them again. I see a lot of stuff I am not comfortable with in Halo. TAAT makes 3 products promotes them well and keeps its focus. They do not have to deal with 280e, they do not have to deal with no banks taking their deposits, they can ship their products across state lines. And they have a larger addressable market than cannabis at the moment. These are all reasons I moved my money over here.
I have bought and sold a portion of my position here several times. I first bought at .99 cdn rode it up sold higher than I bought it. Bought again lower but not as low as I first bought in. I am very red on TAAT at the moment. I think it is possible we see $1 cdn again. Anything is possible there is a large gap up from $1 to $2 cdn that may fill. I prefer that it does not and it just turns upward from here. I am not going to risk it, I am holding even if I lose on paper near term. If they talk about reverse splits or takeovers with crappy terms I will sell here too. I do not think I will have to..
Ya, you have been transparent about your thoughts on this space. It is very volatile
Everything is getting crushed with the correction in the S&P and tech. A rising tide lifts all boats and a receding tide grounds them all. TAAT is in better shape than many stocks to weather the storm.
That is the thing that gives me the most confidence in TAAT. Setti is not focused only on the first pack he gets in someones hands. He is making sure the market where he rolls it out has the next pack in the store when they go back. You know this is not his first rodeo :) keeping the supply available is the key snd he knows it.
Painful to watch their decline. There is a lot of greenhouse space and premium growing equipment that will be on sale soon. It is not just canopy that is discovering that growing cannabis is a complicated ordeal.
Setti just went live with investors yesterday. The company has only been around for a year and a half. They have made incredible progress. I wish I had more to load up now but I just have to let it ride for now.
California is a hard market but the brands that establish themselves there will roll across the country. We will see if it was a good choice. I am out of this for now. I have seen too many money guys swoop in with all the answers and wreck companies because they have no clue about cannabis. Waiting and watcing from the sidelines.
They are co packing for Green Monke beverages starting Q1
https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00022159&issuerType=03&projectNo=03327851&docId=5119622
So much is being revealed about the way this has been playing out. So offensive. I do not think people know how bad it is. For laws to be respected they have to be respectable. So abusive of the population. They are losing credibility across the globe because of their backward ways. It is so transparent it is cringeworthy.
It works for me, my other companies have a head start while the US dithers :)
It just gets more interesting every day.
Like I said, I am amazed the people of the US stand for it. A lot of my other companies win as long as the US is sidelined so either way I am good. I just hate to see such a wasteful roll out. The msos have to build everything in each state. Once legalization finally happens we will se the same kind of problem Canada did but for a different reason. It still leaves a whole bunch of expensive extra greenhouses around.
One thing about it, if they keep dragging their feet Tilray gets more and more of a head start.
I am going to wait till all the dilution is over and the new brass’s conversion of their shares 1:1000 is done with to see whether this is worth getting back in to. They are being smart building partnerships in this regulatory nightmare. I can not see why companies tolerate this being on schedule 1! There is no reason for it. Schedule 1 is for things that are harmful (there has never been a cannabis overdose death recorded) and have no medical use ( it has been used as medicine for over 8,000 years and there are modern clinical trials that show many medical benefits) the fact this farce continues astounds me. Force the DEA to do what they are supposed to do and the business normalizes immediately.
It gets rid of 280e, lets people out of jail, opens up banking, opens up interstate commerce, stops the BS of partisan interests hyjacking the situation for political gain. It also stops the MSOs from gaining an unnecessary advantage over companies like this. All with the change of 1 regulation that was bogus from day 1. I do not understand why the companies continue to sit still for this nonsense.
Just keep in mind this is 2 years old. Still great info tho! Since then they have broadened their scope by buying US assets. It makes a global company
Setti is on Rich TV live - in person answering questions at 2 eastern time
Every American share holder should pressure the DEA to take cannabis off schedule 1. There is absolutely no reason for it to be there. It has NEVER caused an overdose death it has medicinal properties for sleep, for pain, for epilepsy and many other ailments. The reason for making it schedule 1 was arbitrary and malicious. And they are failing the public by keeping it there. This is about control and suppression not safety. IMO It should be dealt with the same as alcohol.
Taking it off schedule 1 immediately gets rid of 280e, immediately gets the people who started this industry out of jail, it allows these companies to do banking like a normal business and it opens up interstate commerce. All those problems solved by just getting rid of a stupid law. No politics needed no state by state BS just people doing what they are supposed to when they know the truth.
Here is an interesting bit of info
https://ceo.ca/@nasdaq/lakewood-issued-distribution-license-at-tinleys-long
Ceo explains what is happening now the government is backing cannabis on its medical insurance
https://www.facebook.com/groups/206749766788545/permalink/1085965288866984/
Thanks for the clarification on that! That is a huge relief. I am glad Kiran and co are not playing the same game I saw with CannTrust. Once bitten and all. I did not expect other bar X ranches there in the emerald triangle, this is a relief. Not from there so it is nice to have your perspective
Nice overview of what TAAT did in 2021
— Joe Deighan (@joe_deighan) January 17, 2022
I want to see the industry bring in the good black market growers. It is hard when folks will not pay taxes or pay extra to support the legal guys. It is certainly a work in progress. Taking it off schedule 1 would solve a lot of problems. Nobody keeps pitbulls or guns around to keep their corn crop protected lol! Whoever grows the best corn for the best price per bushel wins the contract with FritoLay and such. It will work out eventually. It is interesting to watch. By keeping it illegal (schedule 1) the government is setting this stuff in motion.
This is about BarX they raided it in August. It sounds lije it would have been a nice crop.
“On a weekday afternoon in November, Hall explored the debris-filled Q Bar X Ranch site, taking photographs for his records. In August, it took about 250 law enforcement officers — called in from state and federal agencies — to raid the ranch. Officials seized 200,000 marijuana plants and found more than 130 workers at the site, according to the Josephine County Sheriff’s department.
At the main site, a new fence with “no trespassing” signs warned off curious visitors. Behind that fence were the ruins of a massive cannabis operation: multiple white hoop houses, now in tatters; ramshackle buildings where workers likely lived; PVC pipes, tarps, buckets, and empty containers of fertilizer and pesticides.”
The video shows a different view from the flyover Kiran offered as a promo video but it explains a lot.
That article I posted stated there was a bust at Bar X of an illegal grow operation. Maybe they got caught like CannTrust here in Canada? They were waiting for their license and hid the extra behind a wall and got caught. That is what happens when the folks who grow good weed got good by breaking the law. They just ignore “paperwork” and do what they want. Then put down fines and seized product as the price of doing business. That is fine but not when I have money in the business
Excellent news :) maybe there is hope
No, I just stay as up to date as I can with the companies I own or follow and share what I glean with the boards. I find it ludicrous that the corporations and licensed operators do not push back against the fact cannabis is schedule 1. Fortunately TAAT is not under such arbitrary burdens. The “law” was put in place with no foundation in fact. This plant is a medicine that has helped society for centuries and the american government has destroyed lives and economies with their policies. They are shooting themselves in the foot and it is sad to watch. The world is large and there are many many opportunities available. I do not smoke anything altho I do like a nice balanced vape, and the beverages show potential. Go TAAT!
No, he keeps a very tight lid on what he plans but that has been his MO in the past. Yes they are beautiful any season :) I drive by them often
I am very disappointed by them at the moment. My fury at cannabis being illegal is reaching a boiling point.
These guys are sharp. My trust in all the market has been rattled today. I hope it was just one bad company but geeze Im wary! Sharks to the left of me sharks to the right…. Waaaay clanked today. The USA needs to deschedule cannabis ASAP enough posturing
Hey scumbag, I sent you a message. This thing is uglier than I ever fathomed. I am embarrassed I ever bought in to this. It teaches me yet again to never trust a banker :(
https://www.politico.com/news/magazine/2022/01/14/oregon-marijuana-legalization-black-market-enforcement-527012
All of this BS can be eliminated if the DEA got off its ass and descheduled it because the only harm that has ever come from this plant is the fact it was arbitrarily made illegal by arrogant people who want to control the world. It is time for this crap to stop! Deschedule cannabis FULL STOP!!!
I have missed a few steps here… I thought BarX was a collaboration and they were growing? I was coming here to say it might be time for me to take a second look but not right now after seeing that.
I came to share this because any positive movement in California legislation would help Halo. There is great opportunity there anyway
This is excellent! Now all the folks worried about losing their jobs in the tar sands and other oil areas can retrain in the new energy economy. I love the solar panel recycling idea too! It just gets better! And the tree planting!
https://markets.qtrade.ca/news/story?t=iKXJizM-dSY,RBgdWBB-F545YOAH9ZCwjIk3P2UpVUaz&article=61c36c7fd935496b#61c36c7fd935496b
1/12/2022 07:45 AM ET
* Victory Square Renewable Energy Company, Stardust Solar, Provides Corporate Update
Victory Square Renewable Energy Company, Stardust Solar, Provides Corporate Update
VANCOUVER, British Columbia, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square") (CSE:VST) (OTC: VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation technology companies, is pleased to provide a corporate update on its renewable energy company Stardust Solar ("Stardust" or "Company").
Founded in 2017, Stardust Solar is a leader in renewable energy education, providing CSA/NABCEP approved design and installation training with hands-on experience. Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.
Highlights:
-- Solar Network of over 2,000+ trained professionals in Canada and USA (all
trained and certified in renewable energies)
-- One of the Biggest Renewable Energy Education providers in Canada
-- Recently Acquired the Canadian Solar Institute
-- Training Courses in Solar PV Installation, EV Charger Installation, Solar
Hot Water, Wind Energy, and Wave Energy
-- CSA and NABCEP approved training for those entering the renewable energy
industry
-- Solar PV Installation Franchise Model (developed Dale & Lessmann LLP, a
leading franchise law firm)
-- 12 Franchise Territories sold or reserved: Vancouver, BC, Richmond, BC,
Surrey, BC, Coquitlam, BC, Kamloops, BC, Edmonton, AB, Red Deer, AB,
Barrie/Muskoka, ON, York, ON, Durham, ON, and Halifax, NS, P.E.I.
-- SUNPOWER National Residential Dealer Agreement in Canada
-- Future Proprietary Products in research and development
-- Solar Panel Recycling Plant
-- Environmental Panels (Generate Energy from Sun and Rain Drops)
-- Environmental Pledge - 10 trees planted in a country affected by
deforestation for every solar panel installed, and 25 trees planted for
every solar student certified
-- Company gained 8 new franchisees in 2021 and is preparing to add 20 more
franchisees in 2022
-- Stardust Solar received the Consumer Choice Award for "Best Solar Energy
Company" (Vancouver, BC)
-- Aiming for a public listing in 2022
"We are preparing to add 15-20 more franchisees this year and we will begin expansion into the USA. We project approx. 5 of our 20 new franchisees signed next year will be in the USA," said Mark Tadros, CEO of Stardust Solar.
The USA Department of Energy (DOE) recently released the "Solar Futures Study" detailing the significant role solar will play in decarbonizing the nation's power grid. The study shows that in just 13 years, solar energy has the potential to power 40% of the nation's electricity, drive deep decarbonization of the grid, and employ as much as 1.5 million people - without raising electricity prices. "The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process," said Secretary of Energy Jennifer M. Granholm.
"Solar is the future today! Stardust Solar Technology literally changes lives. Owners of our Stardust Solar equipment quickly realize that solar power is much more than saving money and healing the planet... It's about producing clean energy and reducing one's carbon footprint today and well into the future," said Tadros.
On June 8, 2021 Victory Square entered into a share purchase agreement with Stardust Solar in which Victory Square acquired a 20% interest in Stardust Solar in exchange for 674,157 common shares in Victory Square at a price of $0.89 per share for a total value of $600,000.
Victory Square CEO Shafin Diamond Tejani said, "We are very impressed with the continued growth of our portfolio company Stardust Solar. Mark and his team have exceeded their sales and partner growth expectations in 2021 and are on course to make 2022 an even bigger year. This strategic investment aligns with our Company's vision of working with technology and sustainability influencers as we endeavor to eradicate damage to our environment and create a more sustainable and eco-friendly footprint." Tejani continued, "and, it's not just an environmental issue, it's an economic issue. The estimates going forward in terms of the size of the prize for companies that are in this game early, developing technologies and deploying technologies that address some of the carbon-related issues, is enormous." "Victory Square continuously looks for returns to its stakeholders and looks forward to the upcoming public offering of Stardust Solar," said Tejani.
Stardust is changing the solar landscape in Canada. With a network of solar training centers across North America, Stardust Solar is already widely regarded as the leader in solar education now having certified over 2,000 solar installers across Canada and the USA. With a growing list of franchise locations across Canada, Stardust leans on its background to educate homeowners about important key differences in solar products and their warranties, and offers choices when purchasing life-changing solar equipment, including Sunpower. For the first time, homeowners in Canada are afforded the opportunity to make an empowered choice about solar, with the option to choose the best solar system from Stardust Solar' new Sunpower line of solar products. For more information about Stardust Solar please visit their website https://stardustsolar.com
Sign up to the official Victory Square newsletter at www.VictorySquare.com/newsletter.
I am going to stay in here tho now till after the Feb pop when the guys buy back after the tax loss sales
I think it will do the same as the Canadian chart now bump up against the $2 psych level till it breaks through unless there is news. I prefer to see it go up in an orderly way. Grinding higher all the time instead of a big jump and watching it retrace. Although it is fun to trade on the swings :)
It gets better
:)
https://markets.qtrade.ca/news/story?t=iKXJizM-dSY,RBgdWBB-F545YOAH9Za9g_UIwaRr8uK5&article=1e2d245e1ed9f187#1e2d245e1ed9f187
Dow Jones
(PR) Mandatory Insurance Coverage for Medical Cannabis Now Expands to More than 50 million Colombians
01/04/2022 07:42 AM ET
-- Starting January 1st, 2022, every insurance provider in Colombia, is now
mandated to cover the costs of high and low THC medical cannabis
prescriptions
-- Significantly improves the current insurance coverage process,
simplifying the procedure and reducing approval times for patients to
obtain insurance coverage across the country
-- Colombia has upwards of 6 million potential patients for medical cannabis
products (Source: IMS Quintiles), and more than 97% of the population is
covered with health insurance
-- In 2021, the Company filled almost 52,000 medical cannabis prescriptions
in Colombia, 9 times more than in 2020. Over 60% of the product sales
were covered by insurance under the previous coverage rules
TORONTO, Jan. 4, 2022 /PRNewswire/ - Khiron Life Sciences Corp. ("Khiron" or the "Company") (TSXV: KHRN) (OTCQX: KHRNF)(Frankfurt:A2JMZC), a vertically integrated medical cannabis leader with core operations in Latin America and Europe, announces that the Government of Colombia has added high and low THC medical cannabis to its list of mandated covered medications for every insurance provider in the country. This change will continue to cement Khiron's leadership position in the Colombian domestic medical cannabis market, leveraged by the Company's premium brand and its "seed to sale" medical cannabis clinic model.
"In March 2020, Khiron became the 1st licensed producer in Colombia to sell medical cannabis to patients through our wholly-owned clinics. Since then, the Company has continued to experience double-digit monthly growth and has exceeded more than 57,000 prescriptions sold to date, servicing more than 16,000 individual patients in the country and becoming a category leader in the Colombian medical cannabis industry. In December 2020, the Colombian government included medical cannabis as an approved medication for insurance coverage", commented Alvaro Torres, Khiron CEO, and Director.
"Since then, we have worked with insurance companies across the country to include this medication in their administrative systems. In 2021, 60% of our products were sold through agreements with two major insurance providers. Today, all insurance companies are mandated to cover medical cannabis in Colombia, with less paperwork and hassle for patients. Even though the previous rules were more complicated, the insurance coverage made a dramatic difference in our results:
KPI 2020 2021
# of prescribed patients /
Conversion Rate # of total consults 8% 32%
# of returning patients /
Retention Rate # of new + returning patients 33% 60%
Average monthly CAD spent per month per patient
transaction value on medical cannabis CAD 55 CAD 75
Total prescriptions # medical cannabis prescriptions
sold in Colombia sold 5,600 52,000
With the inclusion of medical cannabis in the mandatory health coverage plan ("POS"), we expect these trends to continue to grow further. Starting January 1(st) 2022, any patient in Colombia will be able to get their medical cannabis medication almost free of charge, regardless of the insurance company they are subscribed to. This unprecedented regulatory framework update will create one of the largest insured markets for medical cannabis in the world and help position Khiron as a leading company in this industry worldwide", added Mr. Torres.
About Khiron Life Sciences Corp.
Khiron is a leading vertically integrated international medical cannabis company with core operations in Latin America and Europe. Leveraging wholly-owned medical health clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and agricultural infrastructure to drive prescriptions and brand loyalty with patients worldwide. The Company has a sales presence in Colombia, Peru, Germany, UK, and Brazil and is positioned to commence sales in Mexico. The Company is led by Co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced and diverse executive team and Board of Directors.
Visit Khiron online at investors.khiron.ca