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Humorous, they have a green house in New Jersey that sells organic veggies and can be converted to MJ when NJ goes completely legal and a dispensary and grow opns in Nevada and additionally are getting ready to sell CBD in Las Vegas on the strip in a choice location. They are just focusing further growth on California.
In the meantime, CBD is already all over the world. If anyone makes money from CBD it would more likely be a company like ACB, CGC or CVSI not a tiny thing like GLDFF - Trade it but don't invest in it. At least until it fixes it's share structure. GLDFF has to grow and currently the only way it can grow is dilution. Nothing wrong with that, it's how public startup's do it. Just kinda late in the game. Legalization will happen sooner than later and companies still trying to find a niche will not do well.
But good luck, I hope the company does well.
CBD has been over blown. It's going every where. It will be like Vape junk - sold in gas stations.
MJ is the ticket. California is the largest market in the world. And my pick is an undervalued major player in California.
I'll bet one will fail.
I don't give full support for anything. I trade the other stock and have been trading it for months. I'd like to be able to trade GLDFF but I won't until some things happen.
Right now, until both stock prove themselves over the next 2-3 quarters neither is worth investing in.
The other is definitely great to trade. Not as good as 2016 but decent. It's been able to make at least a nickle a share routinely.
One weird stock does not make a market. But it does speak volumes about your thought process.
Did not think so. This is a tough market and a tough industry.
Without any help from the federal government.
With the support of the people.
Wonder when those will stop being at odds?
When Citizens United is overturned and campaign finance reform is real, would be my guess.
Thankfully one Koch is dead.
Great. When the mainstream says gold is hot is when anyone smart leaves gold. It's overpriced and this turkey is cooked.
What's their AS-OS? Do they have enough shares to do that at the current price area without either increasing AS or doing a reverse split?
The merger was of two companies with the same issues - that is why it was nutty. Both are doing the right things now. It remains to be seen if either or both will make the turn toward profits. I like both companies and I don't let tribalism rule my choices. Both are decent bets for a moon shot.
Any word from GLDFF on fixing the share structure? I'd guess they will fix it if they get their ship turned around completely.
IMO. The best time to buy this stock other than trading it is after the share structure is changed. The best time to buy TRTC would be after they demonstrate three successful quarters - I'd guess next March at the earliest.
Of course, the USA could legalize weed and that would change the time frame.
GDLFF looks like it's trying to get back on track. Great to see. I'm not invested fully because of one reason that will most likely be rectified in the coming months. Still I do keep a few shares so it stays on my radar.
If one looks at the players in the US it would be easy to see a couple of them working behind the scenes to damage their competitors. Lots of paid hit pieces and dirty tricks being rolled out by the MJ stocks bankrolled by Wall Street.
Shares outstanding as of August 26, 2019 are 816,165,694.
This is why I will wait for a while. They will have to act in the next 12 months.
Short coming
MM will be reporting a loss no doubt. Don't worry about when it reports, worry about what it reports.
They borrowed more than they can make back in profits in 20 years.
Worthless pumped MJ stock cobbled to gather by financiers.
I sure wish folks would put all the MJ stocks with assets on a watch list and then talk about TRTC in the context of the entire industry. It looks like a blood bath in the industry today. Not sure what it all is from but I'd guess most folks are betting on terrible earnings from the reporting companies these next two weeks.
I'll bet above if Trump shuts his fly infested blow hole.
"The industry is at about 5 percent of what it will be someday," concurs Tyler Stratford , Director of Client Operations for cannabis consulting firm Canna Advisors . "Even if the path forward isn't straight, we're certainly on a path forward. The tide has changed, and there's no turning it back now."
You did not read or understand the last 10q or the remarks afterward. TRTC already does grow and will grow more. Companies like Good Year manufactures tires and sells them in their retail outlets and other non Goodyear retail outlets for a reason.
You figure it out and you get the gold star today.
It makes sense to focus until interstate commerce is allowed. Every thing in every state has to be duplicated when there is no interstate commerce allowed due to federal illegality. If it was federally legal the one grow area could service both states. Now it would take at least two.
Heck if it was federally legal New jersey could be the suppler for both Cal and Nev. I am sure Derek was seeing legalization coming in 2017 or 2018. So was I. Disappointment is so many areas these days. But the new stance by the DEA by allowing more legalized grow areas may result in legalization sooner than later.
From 7 million dollars in revenues to 10 million dollars is growth.
The improvement in margins made the gross profits that quarter the HIGHEST EVER. That is Growth.
The idea that it was not progress is stupid and if it continues into the 4th quarter TRTC will be on track to being the best US MJ business and attract volume and you can bet Derek will be out in the 4th quarter if he hits his goals making news and attracting investors.
So TRTC's margins were over 50% for the 6 months and the gross profits were the highest ever.
Lets compare to the premiere Canadian MJ stock.
Constellation Brand's loses for Q2 attributed to CGC is set to be 54.3 million and CGC loses were 132.5 million for the last 6 months. WOW!!
The last quarter was difficult on almost every MJ stock. With TRTC coming out of the ashes and the rest still in the fire we may see some volume increases from the disgruntled investors in the MJ reporting this week or after the 10Q's are digested.
Huge week. If I was a betting man and since i own TRTC stock, I am, I'd guess this week will be driven by Tariff news and earning news for the numerous pot stock reporting this week.
Wow!
The more things change, the more they stay the same.
Get out now!
This stock is , was, and always will be POISON!!!!
Looking at your choices - it's amazing how wrong they are.
Amen Brother.
I was thinking if Trump gets installed by the electors and Ginsburg is no longer on the court, there is nothing to stop his packed Supreme Court from declaring the 22nd Amendment unconstitutional.
There is nothing but dogma that would stop the Supreme court from declaring an amendment unconstitutional and we have seen dogma mangled by the GOP for years. I would not be surprised in their last gasps they would allow anything to retain power.
McConnell needs to go as well as the GOP majority.
That has all changed with the Supreme Court ruling. The electors are free to vote for whom ever they wish. Now Ruth Bader Ginsburg is very ill.
This seems like a book we are living in.
The title could be, "The rise of the Fourth Reich: The tale of two Americas".
Sure looks like you love those Canadian MJ companies loaded with debt and taking a sleigh ride to sub dollars.
Faithless elector: A court ruling just changed how we pick our president
The decision could give a single elector the power to decide the outcome of a presidential election — if the popular vote results in an apparent Electoral College tie.
The USA just became a banana republic. The Supreme Court just decided the electors in the electoral college can vote for anyone they choose and are not bound by the state's voters decisions.
At the state level it is common to have people in those state positions that are 'good ole boys' with no particular requirements for anything other than political bent.
So if Texas or Georgia voters do swing democratic the electors do not have to swing with them. In red states most folks in both parties lean right. The right side of the democratic party and the GOP are only different by a few measures.
Imagine that. Tens of millions of Americans could want a change but less than 600 could re-elect TRUMP.
https://www.nbcnews.com/politics/elections/faithless-elector-court-ruling-just-changed-how-we-pick-our-n1044961
Next decent floor around the .012's. Maybe a bounce from there. IMO
The US markets are not helping.
One. I said it looked like dilution.
Two. I said I had been investing for 50 years.
Someone who reads the posts critically would know I never said it was dilution and I never said I was an expert.
Frankly, when I'm day(s) trading a stock like INND I don't care why the stock is set to drop.
I just care what my charts indicate and what the days news is for the stock.
So I sold and kept the profits of the last few days.
I will buy it again if the charts look like it's bottoming and news doesn't torpedo the stock over the 10q financials or the lack of filing 10q.
"Critical Thinking" sure wish more folks knew it's value.
INND is a great trade. Good luck to you also.
I agree. What the company says it's going to do is not fact. But as the future unrolls by the time anyone finds out when the plant is legal or when the company follows the CEO's plans to the end it's to late.
Just like everyone is already to late for the majority of the Canadian high flyers. Better to wait for the election and buy Apple if red, white and blue replaces orange.
By the time anyone get to the point of knowing those in the know are already selling and moving on to the next lottery.
Depends. MM's used to buy and sell do change. You give a structure and a certainity to the penny market that is just not there.
If the OTC was a country it would be Afghanistan. a country,(or a market), whose ownership is defined by what other countries,(or markets), don't want.
I've been investing for 50 years. That is the only answer you get. Go google what you don't know.
Attack? You have a TOS link at the bottom - report PERSONAL attacks.
Being negative on a company is not a PERSOANL attack. It is a position. I may be positive next week.
I would think DD includes the good, bad and ugly.
INND is a publicly traded start up. It's publicly traded because there was no 'angels' who wanted to fund the startup or they never bothered to try.
All of these penny startups dilute to pay toxic loans and very few survive the experience. INND has a good idea and it might be one that does. That remains to be seen.
Simply put, all the cash used for SAG, COGS and Growth not covered by revenues will come from dilution or some other form of loss. In order to dilute INND is doubling the Authorized shares. We will see the outstanding shares increase because of that dilution and the PPS will lower to reflect it. Great news, insider buys or other positive events can off set dilution so it's not possible to be certain at the effect.
But every penny does dilute at some time in their history. It's why they go public. Maybe INND can eventually generate enough revenues with enough profitable growth to begin self funding and/or get favorable financing. That would be great. And that possibility is a good reason to keep trading it.
It is not there now and with the non filing as a QB stock and the rise in AS, and the past 10Q's I'm waiting for a lower price to enter for the fourth time to make money with INND. You are welcome to do what ever floats your boat.
In My opinion this is what dilution looks like. How low it goes depends on how quickly they want to monitize shares and how much they are spending on growth and expenses. Costs for 100 kiosks/share price = shares dumped for growth.
INND is a great stock to TRADE. It is an awful choice to invest in.
Traders do not effect the markets - they react to the markets.
And the scum are shorts and their hired P&D experts.
I almost always end up leaving earlier that the tippy top.
I almost never have bragging rights of hitting the top.
This is just me being early.
Good luck picking the apex.
Not a great idea to try to reach the peak in stocks. Great if you can. Something to brag about. Wish you well.
Putting BP and KFC in the same category. WOW!
Try adding 'Comprehension' to your reading. And no it's not a self help book.
I'm just a trader not an investor and brought a week ago. I pulled out this morning. Probably a little early. but better early than late. Hard to sell when these penny stocks are dropping.
Great article - “We can get it wrapped up this Congress, maybe even this year.” - That would be nice.
Could be there will be a NOTSO day today. Looks like there is lots of sales in the works.