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I agree, .36 may become the new bottom. We'll see how the week plays out.
I wanted to round up my numbers today and put out a buy for 610 @ .362 and it came in at 10, 100, 500. Plus it took all day. Not a lot selling at the bid today.
MADLONG2029
Almost daily news continues!!!
MADLONG2029
NexTech Announces Addition of Mike Boland, Founder & Chief Analyst of ARtillery Inteligence, to Advisory Board l8:00 am ET May 28, 2019 (PR Newswire)
NexTech AR Solutions (the "Company" or "NexTech") (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29) is pleased to announce the appointment of Mike Boland to its Advisory Board as the Company continues to ramp up AR product offerings and sales efforts. Boland is currently the Founder & Chief Analyst of ARtillery Intelligence, where he covers the AR and VR industry, as well as the lead analyst of Street Fight and SF President of the VR/AR Association.
Boland also has experience working as a technology journalist and contributor at well-respected outlets such as Forbes, TechCrunch and The New York Times. Additionally, he worked as a technology industry analyst for several top-tier research firms. He has authored more than 120 market forecasts and in-depth reports on the technology and media landscape including social, mobile and AR, and is a frequent speaker at industry conferences.
"We are excited to appoint Mike to NexTech's Advisory Board, and to tap into his keen knowledge of the AR industry to help fuel the growth of our company. His expertise as an analyst of AR and VR technologies will be invaluable as we rapidly scale up our offerings." said Evan Gappelberg, CEO of NexTech. "Further, Mike brings with him strong relationships within the industry and we're thrilled to have him on the team as we explore new business channels and potential partnerships."
"Among several orbiting technologies in the spatial computing universe, AR-enabled commerce is one analysts are particularly excited about. Access to tools which streamline the process represents a big market gap today," said Boland. "I'm excited to be working with NexTech in an advisory role as it hits these marks by enabling AR experiences for brands and commerce outcomes."
Boland will be the fourth new advisory board member to join NexTech in recent months. Previous additions include:
-- Scott Starr, AVP of Retail at LivePerson, Inc and a retail sales pioneer who held positions at PTC and Salesforce.com. Starr is recognized in the retail industry as driving transformational change and customer success in enterprise retail markets.
-- Ori Inbar, an AR Pioneer and Founder of AugmentedReality.org. Inbar is a recognized AR expert, having been involved in the industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures.
-- Barry Sandrew, Ph.D., a visual effects pioneer and serial entrepreneur who invented digital colorization of black and white movies, as well as a process for converting 2D feature films to 3D. Sandrew will advise the NexTech team on its AR Studios project.
About NexTech AR Solutions Corp.
NexTech is bringing a next-generation web enabled augmented reality (AR) platform with Artificial Intelligence (AI) and analytics to the Cannabis industry, eCommerce, education, training, healthcare and video conferencing. Having integrated with Shopify, Magento and Wordpress, its technology offers eCommerce sites a universal 3D shopping solution. With just a few lines of embed code, the company's patent-pending platform offers the most technologically advanced 3D AR/AI technology anywhere. Online retailers can subscribe to NexTech's state-of-the-art, 3D AR/AI solution for $79/mo. The company has created the AR industry's first end-to-end affordable, intelligent, frictionless, scalable platform.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.
On behalf of the Board of NexTech AR Solutions Corp."Evan Gappelberg"CEO and Director
MADLONG2029
$2 price estimate by Market Watch
https://www.marketwatch.com/investing/stock/lhsif/analystestimates
Bought in at .54
MADLONG2029
Looks like the building is almost ready to go!!!
MADLONG2029
Wait until full production comes on line!!!
Nice move on strong volume.
MADLONG2029
Great news for insides is what you really mean!!!
CANB pays consultants over 100% of all revenues, whos making money here???
Consultants not stockholders!
MADLONG2029
Shorts showed back up...
Back up to 65%
https://otcshortreport.com/company/TGIFF?index=MCOA#.VNrd5un6MXv
Running out of money loading up...
IMHO TGIFF is best buy in Cannabis world, Halo Labs Inc. is my second runner up
MADLONG2029
I would agree, been a great buying opportunity!!!
IMHO a run into the dollars is most likely too!
MADLONG2029
Report exposes CANB for what it is... A money maker for some insiders and a loser for stockholders.
How can I say that? 600+ increase in revenue!!!
Total Revenues $517,160
Cost of product sales $262,553
Gross Profit $254,607
NOT TOO BAD
Here comes the real money makers
Officers and directors compensation (including stock- based compensation of $262,420 and $202,800 respectively) $445,550
Consulting fees (including stock-based compensation of $565,776 and $11,000, respectively) $663,751
MADLONG
Loving the dip!!!
Pick up another short stack for just over .52!!!
MADLONG2029
Amen...
Certainly worth the watch.
When you find information don't hesitate to let me know, I'll do the same.
We may have a winner here!!!
MADLONG2029
If you haven't seen it. You have to sign in to get to it. Worth giving a look.
Link on earlier post.
$20 million working cash and no debt!!!
In all 83 dispensaries in Nevada.
MADLONG2029
Increased capacity announcement with new building convinced me to move this into my #1 holdings!!!
You check out the video at Cannastocks2019 Investor Conference & Webinar?
MADLONG2029
Nice seeing the short's have gone somewhere else...
https://otcshortreport.com/company/TGIFF?index=MCOA#.VNrd5un6MXv
down to 13% yesterday and not too bad at 29% today
I've loaded on the dip big time!!!!
MADLONG2029
That sounds like a recipe for fraud to me. Not sure I want my money in a company that the CEO doesn't care about the SEC or deadlines!!!!
The more this gets pumped the less I believe. I looked at the history of post and most of the post on this board are reruns for 2017 and 2018.
So glad I'm in a .04
MADLONG2029
Awesome, it seems everyday NexTech adds another project!!!
Thanks for the update
MADLONG2029
In top 66 without the new production facility being opened...
https://twitter.com/cannabisnewsDD/status/1130611543823880192
MADLONG2028
You're happy
NexTech Launches ARitize App with Budweiser
8:01 am ET May 20, 2019 (Globe Newswire)
Branded Augmented Reality Activation to Celebrate Budweiser Stage's 25th Anniversary
via NEWMEDIAWIRE - NexTech AR Solutions (the "Company" or "NexTech") (OTCQB: NEXCF)(CSE: NTAR)(FSE: N29) today announced the roll out of their ARitize App with a Budweiser-branded augmented reality activation to commemorate the 25th anniversary of Toronto's Budweiser Stage. Budweiser selected NexTech's ARitize(TM) app to trigger an augmented reality experience which is activated when pointing the phone at a 25th anniversary Budweiser can. Starting today, May 20th, 2019, NexTech will be running a social media driven contest giving away season tickets to the Budweiser stage which will be featuring over 60 acts including, Lenny Kravitz, Bryan Adams, Lionel Ritchie, Mary J. Blidge, Adam Sandler, Jimmy Buffett, Wiz Khalifa, Blink 182, Iron Maiden, Beck, Game of Thrones Live, and many more.
See the full list here
The ARitize App, available on both Apple and Android mobile devices, uses advanced 3D imaging technology to create engaging augmented reality experiences. Available to both brands and individuals, the app allows users to tell their stories through curating a branded channel of interactive activations that enhance existing content, materials and goods. With a low entry cost for mass deployment via mobile phones, ARitize(TM) App experiences are consistent across all existing content mediums.
"We're excited to be launching our ARitize App with an activation for a well-respected brand like Budweiser and showcasing how augmented reality can enhance customer engagement," said Evan Gappelberg, CEO of NexTech. "Our app allows brands to curate an immersive, branded experience where they can sell, teach, communicate and share their product, service or experience through Augmented Reality (AR) that is accessible on a device all consumers use regularly - their mobile phone."
As part of the anniversary celebrations, fans will be prompted to download the ARitizeTM App when purchasing limited edition cans of Budweiser, available throughout Ontario, to gain access to an immersive brand experience and enter a contest to win Budweiser Stage season tickets. Upon launching the Budweiser activation within the app and aiming their device's camera at one of the special-edition cans, users will see different visuals, which they are encouraged to capture and share on social media as their entry into the contest. This Budweiser activation creates a significant footprint of usage of NexTech's AR solutions Aritize(TM) app within Canada.
Brands who implement augmented reality experiences are likely to see higher conversions. A recent study from Digital Bridge found that 74 percent of consumers expect retailers to offer an augmented reality experience, while Daymon reports that 72 percent of consumers said they have purchased something they were not planning to after experiencing it through AR.
NexTech has built its AR and AI eCommerce platform as an affordable, scalable, customizable, and most importantly, easy solution to integrate within an existing web interface, making NexTech one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022 according to Statista.
MADLONG2029
Cannastocks2019 Investor Conference & Webinar Now Available for On-Demand Viewing
8:35 am ET May 17, 2019 (PR Newswire)
Virtual Investor Conferences, in partnership with Midtown Partners & Co, LLC, today announced that the presentations from the Cannastocks2019 Q1 Virtual lnvestor Conference are available for on-demand viewing. The event featured presentations by public companies, providing insight on innovation, consolidation, international expansion and specialization in the fast-growing cannabis industry.
Sponsors included: Sichenzia Ross Ference LLP and JP Galda & Co.
REGISTER/LOG IN AT: https://tinyurl.com/CannastocksVICAgenda
The company presentations will be available 24/7 for 90 days.
Presentation Ticker Speaker
KushCo Holdings OTCQB: KSHB Stephen Christoffersen, Exec VP Corp
Development & Carmen Lam, SR VP Sales
Acreage Holdings Inc. OTCQX: ACRGF, Glen Leibowitz, CFO
CSE: ACRG-U
MariMed Inc. OTCQB: MRMD Robert Fireman, CEO
Emerald Bioscience, Inc. OTCQB: EMBI Dr. Brian Murphy, CEO, Chief Medical Officer
OrganiGram Holdings OTCQX: OGRMF, Greg Engel, CEO
TSXV: OGI
Cannabis Investor Panel Andi Goldman, Equitas Partners Fund
Moderator: Gregory Sichenzia, John Kaden, Navy Capital LLC
Sichenzia Ross Ference LLP Emily Paxhia, Poseidon Asset Mgt
Sproutly Inc. OTCQB: SRUTF, Keith Dolo, Chairman and CEO
CSE: SPR
Emerald Health Therapeutics OTCQX: EMHTF, Bernie Hertel, VP, Finance & Communications
TSXV: EMH
Supreme Cannabis Co. OTCQX: SPRWF, Nikhil Handa, CFO
TSX: FIRE
Canopy Rivers OTC Pink: CNPOF Narbe Alexandrian, President
1933 Industries OTCQX: TGIFF, Chris Rebentisch, USA COO & Director
CSE: TGIF
Aguirre De Carcer, CEO
Please visit www.CannaStocks2019.com for additional information.
More eyes looking at 1933 Industries!!!
MADLONG2029
The Week In Cannabis: Big Earnings Reports, Biden's Change Of Heart, New Report On Dispensaries
3:22 pm ET May 19, 2019 (Benzinga)
Halo Labs Inc (OTC: AGEEF) reported first-quarter financials, with first-quarter 2019 revenue of $8.7 million. From non-traditional beginnings running the company out of a backyard chicken coop using highly volatile extraction technology, Halo now ranks second among U.S. plant-touching cannabis stocks on a revenue growth basis. The corresponding revenue for the first quarter of 2018 was $2.16 million. Halo projects nearly $50 million in revenue and 332-percent organic growth over 2018.
MADLONG2029
Great video, thanks for sharing.
We may have us a real company and may be moving on up!!!
MADLONG2029
Shorts are starting to move on...
https://otcshortreport.com/company/TGIFF?index=MCOA#.VNrd5un6MXv
Down from 63% last Friday to 37% today.
Bought another stack today!!!
MADLONG2029
The shorts gave TGIFF a break today, let's hope they find another stock to drive down!!!
https://otcshortreport.com/company/TGIFF?index=MCOA#.VNrd5un6MXv
MADLONG2029
Thank you for the addition of some detail to the story
MADLONG2029
Well said: "I hate seeing 30% red over all, however I love buying more at this level!!!"
MADLONG2029
https://pureleafoil.com is still down
Looks like we headed that way.
Feel same way, just looking away from the red, knowing it will be green someday!!!
Looking to continue to buy... way under valued.
MADLONG2029
SAME OLD SAME OLD!!!
Halo Labs Reports Record Q1 2019 Revenue of US $8.7MM: US Cannabis Extraction Specialist Revenue up ~190% from Q4 2018
TORONTO, May 09, 2019 — (Business Wire) — Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN)today announced its financial and operational results for the first quarter ended March 31, 2019. Entry into the California market fueled significant growth as revenues these three months were $8,718,503 representing a 302% year on year increase (three months to March 31, 2018: $2,168,976).
To continue delivering improving results, HALO’s primary business objectives this year include:
Finish California build out by launching 2nd Cathedral City Location thus increasing overall capacity for the state and adding the ability to deliver directly to dispensaries.
Increase distribution of Gilt™ and Hush™ branded products into California dispensaries by selecting additional distribution partners for Central and Northern California.
Focus on manufacturing and selling higher margin products like Dab Tabs™ Dablets and edibles in California and Nevada.
Increase distribution in Nevada driven by additional sales force members. Improvement of Nevada margins though facility expansion to enable extraction of biomass to distillate.
Continue to increase margins in Oregon with launch of additional innovative products including premium clear concentrates. Continued margin improvement at core manufacturing facility in Oregon with introduction of a customized ERP system.
Continue international growth trajectory with launch of Lesotho facility.
Build Out of a Southern Oregon Hemp Processing Facility to manufacture bulk CBD distillates and isolates.
Q1 2019 Financial and Operational Highlights
Revenues in the three months ending March 31, 2019 were $8,718,503 (three months to March 31, 2018: $2,168,976), a 302% year on year increase, explained by first time contributions from Coastal Harvest, LLC (“Coastal Harvest”) (California operations) and HLO Ventures (NV), LLC (“HLO”) (Nevada operations) and a 32.8% increase in revenues at ANM, Inc. (“ANM”) in Oregon.
ANM revenues were US$2,879,769 in the three months ending March 31, 2019 in comparison with US$2,168,976 in 2018. HLO generated revenues of $514,365 and Coastal Harvest $5,324,369.
Cost of goods sold were $6,273,930 (three months ending March 31, 2018: $2,183,569) following the increase in revenues and consequently an increase in the cost of goods sold. Gross margin was 28% before unrealized loss on growth of biological assets in the three months ending March 31, 2019 (three months ending March 31, 2018: -1%). ANM achieved a gross margin of 8.0%, Coastal Harvest achieved a gross margin of 39.7% and HLO achieved a gross margin of 3.9% in the three months ending March 31, 2019.
Margins benefited from an efficiency drive that was implemented at the end of 2018. Labor included in the cost of goods sold represented 8.7% of revenues (three months ending March 31, 2018: 17.8%), a substantial improvement. Testing represented 1.5% of revenues (three months ending March 31, 2018: 8.2%), again a strong improvement.
Coastal achieved EBITDA of US $1,865,542, offsetting the operating loss at ANM of US$(618,400) and US $(299,371) at HLO and US $18,511 expenses at Ireland (the second planned Cathedral City facility). The total contribution to EBITDA from operations was $929,260.
The cash used for operations was US$2,057,852, and for capex was US$347,121.
The Company raised bridge financing of US$1.7 million in the three months ending March 31, 2019, and cash at the end of March 31, 2019, was US$361,053.
Management Discussions
Net revenues of $8,718,503 represent a 302% year on year increase compared to the same period ended in 2018 ($2,168,976), driven by Halo’s improving performance and expansion into the California and Nevada markets. Net revenues represent ~ 190% quarter on quarter increase. Each month in Q1 Halo delivered improving monthly growth.
The increase in revenues is explained by a 280% increase in grams of oil sold and a 6% increase in average achieved price in comparison with the three months ending March 31, 2018. Oregon alone experienced an increase in grams sold (28%) and price increase (4%).
The facility in Oregon produced 296,137 grams of oil. After commencing only in November 2018, the facility in California produced 296,283 grams of distillate and 268,709 grams of live resin this quarter. The facility in Nevada sold 17,681 grams of oil.
Gross margin was temporarily deflated in Nevada Q1 due to high inventory costs of oil as a result of FIFO inventory accounting. Distillate is now being sourced for less and will by the end of Q2 result in normalized margins in Nevada and a further increase in gross margin.
Outlook
California continues to be the driving force behind Halo’s revenue growth. With the implementation of new, proprietary products (e.g. DabTab™ Dablets) as well as implementing existing contracts, the Company is now operating at an annualized production rate of approximately $25MM USD, which is in line with Halo’s previous guidance.
Halo expects to release updates on new distributor agreements to increase distribution of bulk and branded products further fueling success in the California market. Halo has already signed bulk supply agreements with Falcon and Ilanka Farms (formerly Cannus Partners).
Consistent with prior guidance, the Company launched and is on pace to introduce higher margin Oregon product offerings into the Nevada and California markets by the end of Q2 2019.
Edibles
Halo launched a line of cannabis edibles products in Oregon in November of 2018, featuring single piece chews and a syrup-based drink.
DabTabs™ Dablets
On February 26, 2019, Halo launched DabTabs™ Dablets in both Oregon and Nevada followed by California in late March 2019. DabTabs™ are proprietary ceramic discs that store a pre-measured single dose of either cannabis concentrate or oil. The DabTabs™ provide a cleaner, smoother, mess free way to consume full spectrum cannabis oils and concentrates that capture the full benefits of the cannabis plant. DabTabs™ were launched under Halo’s brand, Gilt™.
DabTabs GO™
On May 6, 2019, the Company announced the launch of the DabTabs Go™, the first and only ultra-portable vaporizer for DabTabs™ Dablets. DabTabs Go™ provides quick, consistent and controlled heating, assuring consumers a full-spectrum, vaporization experience with DabTabs Dablets. Halo expects the DabTabs Go™ to be available under the Company’s Gilt™ brand and available throughout California, Nevada and Oregon in July 2019.
Initiation of CBD Business
As the cannabis market throughout the United States continues to mature, Halo is establishing itself in complimentary markets directly related to the industry. On April 15, 2019, the Company announced its intent to secure a hemp processing facility to manufacture CBD isolates and distillates, capitalizing on the CBD market which according to the Brightfield Group is projected to grow at a CAGR of 147% and projected to reach US$22 billion by 2022. This processing facility is expected to be located in Southern Oregon in the Emerald Triangle. The facility is expected to be capable of processing approximately 10,000 kilograms of hemp per month, which is expected to result in a yield of between 700 – 900 kg of high-grade distillate or isolate.
Capital Markets Activities
Halo is now trading on multiple exchanges including a recent up listing to the OTCQX. Halo is part of the Horizon US Marijuana ETF (HMUS for Canada and HMUS.U for the United States).
Neo Exchange Inc. (“NEO”) Listing
On October 3, 2018, the Company commenced trading on the Aequitas Neo Exchange Inc., becoming a public company that is traded on the equities markets in Canada.
OTCQB Market Listing
On February 22, 2019, Halo commenced trading on the OTCQB Market under the ticker symbol “AGEEF”, opening the Company up to a broader investor base throughout North America.
QTCQX Market Listing
On April 30th, 2019, Halo up listed from the OTCQB Market to the OTCQX Market, the highest tier market that the OTC offers.
Conference Call
Investors can call in and Q&A with Kiranjit Sidhu the Chief Executive Officer and Katharyn Field the Chief Strategy Officer at 4pm EST on May 10, 2019:
Participant Toll Free Dial-In Number: (866) 211-3166
Participant International Dial-In Number: (647) 689-6581
Conference ID: 5929655
ABOUT HALO LABS
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.5M grams of oils and concentrates since inception. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently operating in California and Oregon as well as Nevada with our partner Just Quality. The Company has also begun operations in Lesotho Africa through a strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.
MADLONG2029
ENDEXX CORPORATION (OTCMKTS:EDXC) Could Improve Your Long Portfolio After Less Shorts Reported
The stock of ENDEXX CORPORATION (OTCMKTS:EDXC) registered a decrease of 75.11% in short interest. EDXC’s total short interest was 49,200 shares in May as published by FINRA. Its down 75.11% from 197,700 shares, reported previously.
The stock increased 0.22% or $0.001 during the last trading session, reaching $0.45. About 236,274 shares traded. CBD Unlimited, Inc. (OTCMKTS:EDXC) has 0.00% since May 12, 2018 and is . It has underperformed by 4.37% the S&P500.
ENDEXX Corporation, through its subsidiaries, provides platforms for entrepreneurs. The company has market cap of $136.43 million. It offers medical marijuana management and technology solutions; and m3Hub, a platform that manages patient concentric data and incorporates patient privacy practices through verification, privacy, legal, and transparent controls, as well as legitimizes the entire transaction process on behalf of patients. It currently has negative earnings. The firm also provides visual board books that offer an environment to create, deliver, edit, view, and review corporate data, as well as an interface to communicate and confer with approved parties; Endexx document management suite, a suite of document/data management tools designed to enhance the handling, storage, and control of document; and Endexx storage application, a base module for offsite storage of files and photos that require backup in an offsite location.
More notable recent CBD Unlimited, Inc. (OTCMKTS:EDXC) news were published by: Seekingalpha.com which released: “Rush for pot patents in full swing – Reuters – Seeking Alpha” on November 30, 2018, also Prnewswire.com with their article: “Recruiting Industry Experts is Key to Success for Cannabis Companies – PRNewswire” published on April 09, 2019, Seekingalpha.com published: “CBD Unlimited announces results for FY18 – Seeking Alpha” on January 07, 2019. More interesting news about CBD Unlimited, Inc. (OTCMKTS:EDXC) were released by: Seekingalpha.com and their article: “New York recreational marijuana could come in 2019 – Seeking Alpha” published on December 12, 2018 as well as Seekingalpha.com‘s news article titled: “DeSantis wants end to medical marijuana smoking ban – Seeking Alpha” with publication date: January 18, 2019.
MADLONG2029
Very good post jaybe420!!!
PT500 did some great DD, however that doesn't mean the whole company a scam. I have lost a little confidence and I shifted where I was investing in the morning because of it. Thanks PT500.
I'm still hopeful CANB can successful, heck everyone given the nature of the emerging CBD industry even a blind squirrel can find a nut!
MADLONG2029
Marijuana Company Of America Inc (OTCMKTS: MCOA) Looks To Have Bottomed.
Shares of Marijuana Company Of America Inc (OTCMKTS: MCOA) have started bottoming out after hitting the floor following a rollercoaster first quarter. The bounce back comes on the stock shedding more than 40% in market value in the first three months of the year.
MCOA Catalysts And Price Analysis
A rally from all-time lows follows the confirmation that the company is expanding its footprint into Europe with the unveiling of hempSMART in the UK. The stock’s market sentiments also appear to have received a boost on the company confirming a new joint venture in pursuit of sales opportunities in California.
In addition, Marijuana Company has acquired a 20% ownership interest in Natural Plant Extract of California as it continues to strengthen its prospects in one of the biggest and fastest growing cannabis marketplaces. Marijuana Company is also fresh from reporting an 840% year-over-year increase in revenue a development that underscores underlying growth.
The stock has since started showing signs of bottoming out of the $0.01 level after succumbing to bearish pressure since the start of the year. Price action indicates the stock faces immediate resistance at the $0.02 level as it seeks to bottom out.
A rally followed by a close above the $0.02 level should arouse suggestions that the stock is on its way back to this year highs. For the stock to turn bullish after succumbing to short selling pressure in recent months, it will have to rise and stabilize above the $0.03 level.
Below the $0.03 technical level, Marijuana Company remains susceptible to further drops given the underlying descending trend line that signals bears are in control
What Does MCOA Do?
Marijuana Company is engaged in the development, manufacturing, and distribution of industrial hemp derived and non-psychoactive cannabinoids consumer products. The company distributes its products under the hempSMART brand made up of personal care consumer products for brain wellness.
Europe And California Expansion
Marijuana Company’s market sentiments have edged higher consequently fuelling the upward momentum on the confirmation it is poised to make its hempSMART products available in the U.K. The unveiling in Europe underscores the company’s expansion drive as part of a growth strategy.
In addition to expanding into Europe, the company continues to strengthen and expand its footprint in the U.S cannabis sector. The company has already unveiled a new delivery service dubbed Viva Buds for the distribution of cannabis products in the burgeoning California cannabis market.
Viva Buds is to serve as the marketing arm of Natural Plant Extract of California, which Marijuana Company acquired a 20% ownership interest in, in April. NPE with its licenses for manufacturing distribution and retail delivery is to manage all operations pertaining to cannabis distribution in California. Marijuana Company, on the other hand, is to provide capital consulting and marketing services.
Sales Growth Push
Marijuana Company has already entered into a strategic marketing agreement with MassRoots as it seeks to embark on an aggressive marketing campaign of its hemp CBD formulated product line. Under the terms of the agreement, MassRoots is to promote and sell hempSMART products on its website as well as app and social media outlets.
Expansion into the U.K and strengthening of operations in California follows the confirmation that Marijuana Company revenues skyrocketed to $252,135 for the year ended December 31, 2018, from $26,830 a year earlier.
The 840% year-over-year increase in revenues had a positive impact as net loss from operations shrunk by 82% to -$3.8 million from -$21.2 million a year earlier. Gross profit for the full year surged 68% to $170,885.
Bottom Line
Marijuana Company is on its way out of all-time lows as a string of positive developments renew investor interest. Expansion into the UK in pursuit of sales opportunities as well as the strengthening of operations in California are some of the developments that should continue to shore up market sentiments.
Disclosure: We have no position in MCOA and have not been compensated for this article. Insider Financial
https://insiderfinancial.com/marijuana-company-of-america-inc-otcmktsmcoa-bottomed/178791/
MADLONG2029
Amen
MADLONG2029
The transfer agent issues certainly raises a red flag! A big flag!!!
I for one appreciate PoorTrader500 finding the information and bringing it to our attention.
MY hopes for the board is that some of us actually have some skin in the game and will raise issues just like this!!!
What to do?
First, stop beating the messenger, bad news not bad person!
Second, I'm waiting and hoping CANB can deliver in the CBD market place. I've run a few cons in my early days and turned over a new leave.
Third, continuing to do some DD myself.
Finally, I'm not selling what I have accumulated, we still may have a winner!!!
MADLONG2029
Thanks again PoorTrader for the great DD
Looking like we are only days away from moving in!!!
Thanks for the video
MADLONG2029
This site is really not considered un-biased because the companies in the article pay a fee for the publication.
"pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 1, 2019. Midam has been compensated an additional $100,000 by Leafbuyer Technologies for a period of coverage from April 12, 2019 to June 12, 2019. We owned 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time (as of 3/29/2019) Midam Ventures no longer owns 77,000 shares of LBUY), including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc."
Be careful on what you use to base financial decisions on!!!
MADLONG2029
I would again agree with you!!!
MADLONG2029
Help me see where you're getting that from???