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Thank you for that insight, I appreciate your response.
Agreed, if it gets back to that range I'll load up big time. I'm already heavily invested at .005 and looking to add more.
I'm currently not holding MCIG but looking at investing as a semi long term play. When I look at financials especially considering pps and other MJ stocks it looks like a good buy. When I read this forum however, a lot of people who have held in the past make it sound like a big scam. So as a newb to this stock can anyone shed some light on what is really going on with this company. Is it legit? On the surface it looks like a well diversified company with increasing year over revenues and no debt. Again I'm new to MCIG and don't really know the back story.
Hey Bears, forgive me if I missed something but how did it pass? I'm not being snarky I'm just not following your logic. Congress is in a stalemate currently and nothing has passed yet. The are still debating on what to include and what to cut. To my understanding at the moment there is no protection as it has expired and hasn't yet been renewed. Are there even any guarantee that it will be included this go around? Thanks.
https://www.leafly.com/news/politics/what-the-federal-shutdown-means-for-medical-marijuana
Thank you!
Thank you for the info!
Could anybody kindly explain the relationship between MCIG and Grow Contractors. On MCIG's webpage they claim 100% ownership of the company and link to a dead webpage. On Grow Contractor's webpage, they state a recently formed partnership with MCIG but state the owner of Grow Contractor as Robert Kressa. I appreciate any info you can offer on this business relationship. Thanks
Thank you!
Can you link any of those, I'd be interested.
Very old news, June 21st 2017. Nice try.
What a great run up to the end of the session.
Wow thats really awesome
Not to mention Growlife will be able to offer pot specific consultation services, something that a big box home store will never be able to offer.
Well then don't buy it if that's how you feel.
I'm showing a buy at 7.8 million shares at .0225.
This is gaining traction it seems.
http://www.thecannabist.co/2018/01/12/congress-protect-marijuana-mcclintock-polis/96679/
I got it and I'm a free member.
Where do you go to find that information (t-trades). I can't find it on my thinkorswim platform.
agreed
In the last couple of months Growlife has opened a retail outlet in Canada, introduced the Grow Cube, introduced their own brand of soil, built out the Grow Life Innovations factory in Dallas, and is actively recruiting for sales staff, filed for a patent, and now will pursue uplisting to OTCQB. Additionally with the legalization in California, New Hampshire, and Vermont and likely both Canada and Massachusetts in July there is undoubtedly going to be a substantial increase in the need for grow supplies and consultation services. To me all of those things represent a lot of developments within the company and the entire industry as well. IMHO its the culmination of efforts that is going to result in big long term gains. Despite the history of GrowLife 2014 and before, this sort of action isn't representative of a typical pump and dump and I believe that this company has a good potential of turning around and becoming legit in a burgeoning market.
I think what we're seeing right now is that the mania is left the marijuana sector. PHOT is paralleling a lot of the other pot stocks in my list. My best guess is we're going to see a sell off continue for a period of time, then PHOT will start trading again on its merits instead of mania. I'm holding strong though because we may see congress being pushed to legislate on Marijuana thanks to our friend J.Sessions. I'm hoping his actions are going to force the hand of legislators and if that occurs then hang on for the ride of your life. Luckily my shares are paid for at this point as I sold 1/3 of my position last week, so I have no compulsion to sell. I'd hate to be priced out o the market on news. The other thing I'd like to point out is that the company has had a lot of development since the last earnings release. It will be interesting to see if there has been enough time to reflect in revenues or not. Either way if it gets back to .01 again I'm going to be loading heavy. GLTA
awesome
I'm not in love with the trading for PHOT so far today. Do you guys think we'll be consolidating around .03 for a while? Any input from you technical guys?
Are the rules for the uplisting that it has to maintain minimum .01 for 30 trading days or regular days or how does it work exactly?
I have a feeling that we won't see stability until around .01.
I'm sorry man. That sucks
Well at least we still have volume. 19 mil in the first 10 minutes of trading. We'll just have to see how it plays out.
HI, I'm new to this stock. Is there any talk about potential uplisting?
ouchie today was not fun
That's what I'm thinking.... if not during depending on what he says.
I don't know. The news just says later today.
I think its possible depending on what Sessions has to say at his announcement.
Congrats PHOT. After a tough battle of gap filling and consolidation today it managed to come out green with more than 123 million shares traded today. Even though it didn't skyrocket it was a solid showing.
I'm glad to hear you made some cash on it! That's what we're all here for after all.
Better buy while its cheap. Its headed back up already!
Indeed
Same thing happened last week too. Only to comeback to higher highs.
Agreed, these pullbacks have to happen....
Gotta clear out all those stops so the big boys can get shares on the cheap