Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Folks, Global Consortium is a gem: admittedly still a diamond in the rough, but that's all about to change when the press releases and reports start coming out such as:
1. Now Manufacturing THC Oil.
2. Installed New 15L Oil Extractor.
3. Processing, Distribution, Testing.
4. Lake Tahoe MJ Distribution.
5. Nightfoods Half-Baked Edibles.
6. Audited Annual Report in April.
Now, the audited report will show that we have assets, earnings, legitimacy, and the opportunity to up-list to the OTC-QB. Going forward, once we've uplisted to the QB, the plan is to jump to the NASDAQ.
Global is building this company from the ground up, and despite what some are saying, the OTC was not just a good place but maybe the only place to build a pure cannabis manufacturing empire in the United States of America. After all, marijuana is still completely illegal at the Federal level and is still a big issue for the cannabis industry, especially for the big boards. So, one step at a time: first we audit and then we up-list to the OTCQB. Matt has been saying that once the audit is complete he would file the S1. And, as some of you know, when the S1 is filed, up-listing is imminent!
Then, it's only a matter of time, application, assets, volume, PPS, and market cap before we uplist to the NASDAQ. I had thought it was a legal issue too though Matt addressed this concern and my legal question by stating that they had created a Chinese Wall in order to maintain a hands-off approach so the company doesn't touch the plant itself and therefore eligible to uplist to the NASDAQ.
There has been much ballyhoo about all of this, you know what I mean, but I think it's a novel approach! Some of you may not know, that there is not a single pure cannabis play on the NASDAQ or any other major exchange in the United States; Canadian companies yes and ancillary companies only. Anyway, I'm glad this legal issue has been addressed because now it's full speed ahead! Seriously, with this bold approach we might be the first pure cannabis play to hit the NASDAQ!
I am so looking forward to the entire process. Over the next year or so I will be watching closely, our progress towards satisfying the NASDAQ listing requirements, and at the same time watching Congress pass bill after bill on the way to full legalization; just like in Canada only better. Better, in that all of Canada only has a small fraction of the cannabis market that we have in the United States. For instance, our California market alone is bigger than all of the Canadian market is!
Furthermore, CBD beverages and edibles have only just been legalized in Canada, October of 2019, and they are behind us, in that market at least, but only a little bit as legislation, the law, and the FDA have all made it very difficult in the US, even for legalized hemp products but all of that is rapidly evolving.
When it comes to legalization, we may have a divided government right now but, on this issue at least, there is bipartisan agreement and support. In fact, we are winning already, battle after battle, case after case, and this might just be the only thing our divided Congress gets done and get it done they will, I predict by 2020, this very year! In fact, congressman Blumenauer thought that 2019 would be the year the United States fully legalized according to his Blueprint for Legalization. Anyway, legalization didn't happen in 2019, side tracked I guess with the impeachment and all that, but, I think it's quite possible that 2020 will be the year!
Things are moving so fast in the cannabis industry right now that it's official, we are truly witnessing a Cannabis Megatrend sweeping not just the nation but the whole world! I don't know how Global Consortium can keep up in this brand new and fastest growing industry in the world but they are. In fact, it's clear, to me at least, that they are not just keeping up but are one step ahead! For instance, since legalization in California in 2018 there were at least 42 applications in the Sacramento area for manufacturing facilities, not like our Cannabis Mall but they were manufacturing facilities none the less, and we are now only one of two successful applicants... The rest either gave up or filed for bankruptcy. Better yet, we are now finished with our initial build-out, done with final inspection, and will be selling our purest and finest THC in about two weeks, woohoo!
You know, it was stated in the year-end update that we would be at or near full production going into the new year! Unfortunately, we were a little delayed with permits and the build-out. Anyway, we are up and running now, the oil spigot is on, and we have a 25 l per day contract to produce THC oil, all we have to do is fill it. And, get this, last year we had letters of intent for THC oil worth in excess of $38 million dollars and I suspect those orders will come back shortly as we ramp up towards full production. Ladies and gentlemen, it's go time!
Now, in going forward it is anticipated that in order to keep up with the demand for THC oil, Global would need to purchase and install a new large 15L oil extractor. Well, I'm happy to report that the machine has been purchased and the room to house the machine has been built out and the inspection too was included in the final. Hell, they may have turned that machine on too right along with the other three machines we already have each producing 5 l per day for a total now of 30 l per day. Let that sink in for just a minute; right out the gate and we are doubling our capacity!
Folks, it looks like we now have or will have the capacity to fill all those back orders and all the new orders too that are coming in. Do you know how much money that is per quarter, per year: 30 liters per day = $20 mil per quarter, almost $100 mil per year, and that's for just this one income stream alone: $100 mil per year in earnings is worth, who knows how much, at least a buck or maybe even two bucks PPS...
You know, I think we've been concentrating so much on THC oil that we might be missing the better part of this whole deal, as if this isn't good enough already! Let's consider another income stream, potentially as lucrative as THC oil but, likely even more lucrative and it hasn't hardly even been talked about yet at all even though it is a big reason why we are where we are today!
Tom Roland, known as the MJ Ninja, anticipated the Health & Wellness phenomenon too, due in part his effort to help his sick mother, and he built Indulge Oils which, as you know, Global acquired. Then, skipping forward a bit, happening right now in fact, all the big box stores are carrying or will cary hemp products to include CBD oil: CVS, Walgreens, Walmart, Whole Foods, Kroger's, etc.! Add to this, the fact that California just passed a law allowing CBD into the food chain, and that's the biggie that all the big box stores have been waiting for, oh my!
Ladies and gentlemen, it's time to start your engines because the gates have now been opened and we can expect demand for our purest CBD oil to shoot through the roof! I expect soon we will be manufacturing both THC oil and CBD oil too! https://t.co/AG7QRx0JYq.
I don't know how Tom anticipated this but it's clear that he saw it coming! One more thing on this subject, now we have CBG and CBN too on the horizon and gaining in popularity, woohoo! We're going to need a bigger building!
All Things Considered, not bad for a brand new company. In fact, explosive right out the gate and that's just for starters. We are off to the races and in a big way with projected first half of 2020 earnings to be $20 million dollars. That said, The delays did prevent us from booking revenues in the first quarter, however, we will be making up for lost time now in the second quarter and, it will be a full quarter. I am expecting revenues anywhere up to their full capacity of $20 million dollars of revenue and just like that we are right back on track!
Now, all things considered and the numbers we have been given already, I think that last year's projected $100 million dollars is possible this year in 2020, even still. And, with a number of new revenue streams coming online this year, next year we will likely far exceed 100 million dollars! I like that, under promise and over perform. By the end of 2021, when all of our income streams come online, we could be looking at a prize worth hundreds of millions of dollars in both assets and income and we could be riding high on the NASDAQ, pun intended!
Certainly by now you see my optimism and enthusiasm and why I am so looking forward to the rest of 2020, and just giddy to even think about what 2021 might bring for us. Everything in this post is based on publicly released PRs and tweets over the course of the last two years and it's plain to see, for those who are really looking, that we have an incredible opportunity here; like none I've ever seen, or at least been involved in before, it's not even close. No wonder private money was willing to pay $1 per share!
All things considered, Tom Roland might just be the MJ Ninja after all... And, to bring it all home, just as he was ready for all this that I've just laid out for you, so also he will be ready for full legalization of marijuana in the US; think Tilray and their incredible run up to full legalization of marijuana in Canada in 2018, where their stock ran to $300 PPS!!! . Just think about what a $3 PPS would do to your bottom line, let alone what a $300 PPS might do!!! Way to go Tom Roland! Go $GCGX...
I'd even go so far to say that liquid gold is sexy! $GCGX
No, do your own DD starting with the following tweet:
Happy to report $GCGX is fully licensed! 58 Cannabis related businesses in Sacramento are getting shut down for none compliance in the State, taking 6-to-12 months to comply. This puts $GCGX in a fantastic spot since we among the few Cannabis companies who is now fully licensed! https://t.co/TNxRLER5jE
You could be right Billy, for instance, Tilray had less going for them than Global does and, in their run up to legalization, Tilray ran all the way to trip 100, dollars that is!
GO $GCGX...
Global Consortium is as real as it gets and this is what I expect going forward: We are fully licensed now, 1st phase of the build-out is complete, final inspection done, and today we turned on the oil spigot, woohoo!
Before going forward I would like to back up just a bit, actually more then a bit, because we received the Certificate of Occupancy, CO, clear back in October of last year and began, on a limited basis only, the manufacturing of THC oil. But, the last 2 steps in the manufacturing process could not be completed until the rotovape and venting projects were completed. Well, ladies and gentlemen, all of that has been completed and presumably we now have many, many liters to finish processing!
Fast forward, we are in business, finally, and producing oil at $175,000 per day at least, more likely $200,000 per day as our oil has tested in the high 80's and rated premium!!! Folks, this is going to be better than the Beverly Hillbillies, seriously…
WTI light crude, Black Gold that is, sells for about $40 bucks a barrel these days. Global's finest and purest THC Oil, Amber Gold that is, sells for about $1,350,000 dollars per barrel, wow!
Let's consider capacity, for starters, we're adding a 4th extractor @ 15 L per day in order to keep up with the demand and that ups our capacity: 5+5+5+15 = 30L per day.
And if our THC oil sells $8,000 per L:
There are 160L in a barrel of oil.
1 barrel = 30L x 5+ days, about.
90 days per quarter ÷ 5 days =
18 barrels per quarter.
160L X $8,000 = $1,350,000 dollars per barrel of THC oil.
18 X $1,350,000 per barrel =
$24,300,000 dollars per quarter!!! Nearly $100 million per year!
Qtrly Rev: $25,000,000
Yearly: $100,000,000
Margin 50%: $50,000,000
Yearly EPS: $0.0389
Multiple: 24
PPS: $0.933
Add another $100 million potentially when we start manufacturing and selling CBD Oil, oh my! Perhaps we double. $GCGX is finalizing a deal to finance its new CBD operations with no dilution or toxic debt. https://t.co/AG7QRx0JYq
Qtrly Rev: $50,000,000
Yearly: $200,000,000
Margin 50%: $100,000,000
Yearly EPS: $0.0778
Multiple: 24
PPS: $1.87
3-2-20 OS: 1,580,000,000
If Global buys back up to 300 mil shares =
New OS: 1,258,000,000.
And just like that we are nearly half way to qualifing for the NASDAQ, woohoo! Better by far than the Beverly Hillbillies!
Go $GCGX...
Ok, seer of all seers, prognosticator of all prognosticators; what qualifies you, evidence, you got nothing do you? Go $GCGX...
And just where is your evidence of such a move?
Audited annual report is coming next.
S-1 filing shortly after audit.
Uplisting to the OTCQB by end of Q2.
Q2 revenues > than $10 million dollars.
In the meantime:
Plans for first of its kind Cannabis Mall:
PR re: secure 1st rite of refusal for bldg.
PR re: Half-Baked Edibles.
RR re: Beverages
PR re: Tahoe distribution.
PR re: Testing.
PR re: Florida hemp farm.
Ramping up.
Going to be a great summer!
$GCGX...
Well, to each his own demise! ROTFLMFAO
REVENUES MEAN PRICE APPRECIATION...
GO $GCGX
The only cannabis companies right now on the NASDAQ are either Canadian or ancillary to cannabis!
And you know what that means RickRat, it means NASDAQ and a minimum of $4 PPS. Without this Chinese wall there is no way to uplist to the NASDAQ because cannabis is still completely illegal at the Federal level. With this Chinese wall we are legal and unique, one of a kind with a 64,000 ft² Cannabis Mall and boldly headed for the NASDAQ with this plan firmly in place! $GCGX...
What do you mean; hit that ask and we're going up! $GCGX...
You are right tundra1, revenues in the OTC world are rare, revenues in excess of $1 million per year makes you a one percenter, and Global is projected to earn between $3 and $4 million dollars per month, again, THAT'S per month and this is with only one revenue stream, many more revenue streams to come such as: Edibles, Beverages, Testing, Tahoe distribution, and CBD oil too!
KILL THIS DAMN VIRUS BECAUSE THIS SUMMER IS GOING TO BE TERRIFIC!
GO $GCGX...
This is the OTC were good news is often not priced in immediately... Sometimes it takes days for the word to get out and the buyers to come in. What we need right now is a good volume day and the word will get out: Global is the biggest game in town! $GCGX...
Two things, real revenue started today, millions per month, booking it in Q2, and a share buy back starts in a couple of weeks! CEO said by middle of April. Go $GCGX...
Q2 is going to be a great quarter! $GCGX.
Not Crude, Crude only sells for 40 bucks a barrel, this Amber Gold sells for over a million bucks a barrel!
I read one of Matt's Twitter posts; when he was asked he said, "Hell yeah, I'm going to spend some money on a PR when full production is finally underway!". Go Matt, Go $GCGX...
Don't look now but we are number two on the breakout board, imagine that! WE ARE JUST ONE PR AWAY FROM FULL PRODUCTION. SHARE BY BACK TO BEGIN MIDDLE OF APRIL. GO $GCGX...
"Elliott noted there’s no differentiation between “medical” and “recreational” cannabis companies, which means every licensed marijuana business that chooses to continue operations during the lockdown can stay open."
https://mjbizdaily.com/california-gov-classifies-cannabis-industry-as-essential-during-lockdown/
Yep, your time is almost done. You are right in that, you can't produce anything until you are:
Fully licensed - Global is fully licensed.
Build-out - Pictures worth 10,000 words.
Permits - Just waiting on final inspection.
Revenues - Turn on the THC Oil spigot.
Time for sowing doubt - Done.
ONLY WISH I OWNED GLOBAL!!!
Hey, I do - 10s of millions of shares.
Go $GCGX...
Well, you know what they say, "It's always Darkest before Dawn."
I'm still buying; call me a hoarder with 10s of millions of shares in my vault!
Go $GCGX...
Not hardly, not with that conclusion you're not a realist... A realist with that conclusion would have been long gone a long long time ago... $GCGX...
Well, you should know this, that a pessimist will never succeed in the investment world as it takes optimism! GO $GCGX...
Is that just a feeling or have you any basis? I see, so here is my basis:
After we pass final inspection,
Current Capacity:
3 @ 5 = 15 Liters per day
90 days per quarter =
15 * 90 * $7K per L = $9.45 mil
Potentially:
Indulge: $9,450,000
Tahoe Distrib $50k wk = $600k
Edibles: $600,000
Q2 2020 = $10,650,000
Add new extractor Q2 = 1*15L
15*90*$7k = $9,450,000
Q2 then becomes = $20,100,000
3-2-20 OS: 1,585,791,453
Buy-back: 300,000,000
OS = 1,285,791,453
Qtrly Rev: $6,000,000
Yearly: $24,000,000
Margin 50%: $12,000,000
Yearly EPS: $0.0093
Multiple: 24
PPS: $0.224
Qtrly Rev: $10,000,000
Yearly: $40,000,000
Margin 50%: $20,000,000
Yearly EPS: $0.0156
Multiple: 24
PPS: $0.373
Qtrly Rev: $18,000,000
Yearly: $72,000,000
Margin 50%: $36,000,000
Yearly EPS: $0.0280
Multiple: 24
8/15/2020: $0.672
Tremendous potential here!!!
Keep in mind, for the most part:
This is just one revenue stream - THC oil.
Double this potential by adding - CBD oil.
Double again by adding a few more extractors. After all, we currently have 25,000 ft², and by this summer, if all goes as planned, we will have secured 64,000 ft² to expand our business. And, as you have seen clearly, the demand is out there and in a big way. The Corona virus has not stopped the cannabis megatrend! $GCGX...
Well, the pandemie or pandemic as we have come to know all too well now May have just shut down our business entirely Just as we were about to open for business, as all of California is now in lockdown indefinitely! Oy vey!
Here here; right on the money! Go $GCGX...
You are absolutely right StockRocket: Bottom line, the CEO is always the one responsible for the plan and execution of that plan despite California and all the delays. So far, Matt has coordinated successfully the acquisition of the license, the permits, and the build-out and now we wait for final inspection. If it were me, I might even be tempted to hold off announcing results of the final inspection in order to give time to process and sell some oil. With no sales there can be no money, and with no money there will be no buy-back of shares or anything else for that matter, but of course you knew that already!
Bottom line, regarding the share buy-back, even though it is easy for me to get my hopes up just like everybody else here, Matt has already informed us that things would not be ready, including the paperwork, for the buy-back to begin til middle of April. So, we just have to wait patiently a little longer. That said, in a couple months from now, with revenues rolling in, all the delays will be a distant memory and we will be wondering why we were ever worried at all... Go $GCGX...
WTF are you talking about? LOFB is Not his company... Buzzy is negotiating with the new company to ensure we get our spinoff shares at least and even that will require a lawyer!
Yes!
Agree, final inspection next week, and then the oil spigot is turned on. Once we are manufacturing and selling THC oil there will be no stopping us then... $GXGX...
Wrong again and again.
On August 16, 2019, (1) V Group, Inc. - 76,183,083 Shares: Spin-off shares and
(2) V Group, Inc.– 34,166,666 Shares were returned to LOFB treasury stock.
On December 12, 2019, LOFB settled debt owed to V Group, Inc, an Oklahoma. Per the term of Replacement Convertible Promissory Note agreement negotiated by Lawrence L. Twombly, V Group, Inc., President & CEO, for All parties, any/all agreements, notes, invoices and common stock value pertaining to V Group Inc.; have been OTC Markets Group Inc. OTC Pink Basic Disclosure Guidelines (v2.0 February 2019) Page 6 of 30 settled and exchanged for Convertible Promissory Note; whereas LOFB promises to pay to the order of V Group,,Inc., an Oklahoma corporation, or registered assigns (the "Holder" or “Holders”) the sum of US $150,000.00.
The way I see it, this is money owed to V Group and separate and apart from the return above of the spin-off and V Group shares to LOFB Treasury. Or, perhaps Buzzy negotiated with his promissory note. In any case, the company agreed to issue those shares above to V Group as preferred shares; said it hasn't happened yet but his lawyers are there to insure it does happen. I know the devil is in the details but I am confident that we will get our shares...
Those 110 million shares you are talking about are the block of spin-off shares and the block owed to V Group. According to Buzzy, I am confident our spin-off shares will be issued as planned. He has negotiated, they agreed to to issue preferred shares to V Group, and they can be converted to free trading directly to shareholders after 6 months. The wording here is a little confusing though I am encouraged!
I'm not sure if Buzzy meant that V Group would have to hold the preferred shares another 6 months till mature and then issue directly to us as free trading shares or, like before, we would receive a CUISP # now, or as soon as V Group gets them, and then 6 months later they would become free trading after the lock period. Anyway, the preferred shares have not been issued to V Group yet but lawyers are working to insure that it gets done! Medi Mike really messed up a tremendous opportunity here; looking forward to announcements of the new plan for $LOFB...
New Tweet:
$GCGX is excited to announce that we will be using some of the revenues from sales of Indulge Oils to pay for an audit and file a S-1 Registration Statement. Our CEO’s successful filing of an S-1 Reg statement for $IGPK shows we are capable of achieving this. https://t.co/uDFHCfBAXD
Consortium's Cannabis Mall is just about ready for prime time; open for business before the end of Q1: Final inspection week after next, two weeks of final processing, and finally we are selling the finest and purest THC oil in the land; all this before the end of the quarter which means, we will finally book revenues in Q1...
Cannabis Megatrend or not, look out Q2 here we come: share buy-back, buy the first half of the Cannabis Mall, secure first right of refusal for second half of our Cannabis Mall, Audit, file the S1, uplist to the OTCQB, CBD and THC Oil, Testing, Tahoe Distribution, Hemp Farm in Florida, Half-Baked Edibles, CBD Beverages, and all that is practically baked in already with so much more to come! We really are gonna need a bigger building, woohoo! Go Matt, go Tom, go $GCGX...
Let's consider
2-17-20 OS: 794,801,348
Share buy-back: 100,000,000
OS: 694,801,348
Add 1 Extractor
Partial Q1: $3,000,000
Yearly: $12,000,000
Margin 50%: $6,000,000
Yearly EPS: $0.0086
Multiple: 24
5/15/2020 PPS: $0.207
CEO said $20 mil 1st half of 2020:
Q2: $10,000,000
Yearly: $40,000,000
Margin 50%: $20,000,000
Yearly EPS: $0.0288
Multiple: 24
8/15/2020 PPS: $0.69
Now consider full capacity of just this one income stream; THC oil.
That's 30 l per day times $7,000 per liter times 90 days per quarter:
30 * 7000 * 90 = $18,900,000.
This does not count soon coming revenue streams of:
CBD Oil
Tahoe Distribution
Half-Baked Edibles
CBD Beverages
Vape Cartridges
Hemp Farm
Go Matt
Go Tom - wherever you are?
Go $GCGX...
Q1 revenues will will turn dilution into share buy-back and fix our dismal PPS! Keep in mind, at a minimum, we must trade above one penny in order to uplist to the OTCQB. Go $GCGX...
Of course: Global is just about ready for prime time, open for business before the end of Q1: Final inspection week after next, two weeks of final processing, and finally we are selling the finest and purest THC oil in the land, and, all this before the end of the quarter which means, we will finally book revenues in Q1...
Cannabis Megatrend or not, look out Q2 here we come: share buy-back, buy the first half of the Cannabis Mall, secure first right of refusal for second half of our Cannabis Mall, Audit, file the S1, uplist to the OTCQB, CBD and THC Oil, Testing, Tahoe Distribution, Hemp Farm in Florida, Half-Baked Edibles, and all are practically baked in already, and so much more to come! We really are gonna need a bigger building, woohoo! Go Matt, go Tom, go $GCGX...