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Could be an explosive open. Big days ahead, let's enjoy a run.
Thanks for the chart, looking good all, to me the chart says we go up this week.
Another gap and run day coming for TTDZ? Could see .01 today no question.
$ One biiiiiiiiiiiiiiillion dollars! $
Colo. governor estimates marijuana sales will hit nearly $1 billion by July 2015
Bumper cannabis sales in Colorado form billion-dollar industry
In America’s first cannabis-legal state sales are surging far ahead of predictions, bringing huge additional tax revenue
By Nick Allen, Los Angeles5:41PM GMT 20 Feb 2014
Cannabis is likely to become an annual billion-dollar legal industry in the state of Colorado by next year after officials suggested greater volumes of the drug are being sold than anticipated.
Colorado was the first state in the US to licence and tax sales of the drug for recreational use, allowing dozens of shops to open for business on Jan 1, 2014.
In the lead up to legalisation it was estimated that sales would reach $395 million in the 2014/2015 financial year.
But in its first assessment since the New Year Governor John Hickenlooper’s budget office has dramatically increased that to $612 million.
When the $345 million in estimated sales of the drug to people with medical conditions is added that means a total of almost $1 billion.
Colorado will collect $117.8 million in taxes from the recreational sales alone, far more than expected, with another $15.8 million from the medical ones.
Seven weeks after the first batches of the drug were sold there are now 163 cannabis retail shops in the state, and the drug is selling for more than the $202 an ounce that had been predicted.
Mr Hickenlooper, a Democrat, had opposed legalisation but the measure was passed by 65 per cent of Colorado voters. In a letter to local politicians this week the Governor said he was “pleased” with the extra revenue.
He said the new estimates were based on “a number of assumptions of the new industry including consumption patterns, market price, the number of retail stores entering the market, and other economic and control variables. We anticipate that these projections will change monthly as more data is collected and actual revenue”.
The “other variables” he referred to are likely to include the number of tourists visiting and buying the drug.
Colorado’s experiment is being closely watched by other US states as opinion polls in some areas show a swing in favour of legalisation.
The state is using the first $40 million it collects in taxes each year to build schools. Outlining how the newly estimated extra windfall would be spent Mr Hickenlooper said it would include efforts to prevent cannabis use by teenagers, campaigns against driving under the influence of the drug, and public health projects.
Mike Elliott, executive director of the Marijuana Industry Group, told the Denver Post the “idea of this being a billion dollar industry seems reasonable”.
Mason Tvert, who ran the legalisation campaign, said politicians “around the country are watching how this system unfolds in Colorado, and the prospect of generating significant revenue while eliminating the underground marijuana market is increasingly appealing”.
The Pacific coast state of Washington, where recreational cannabis shops will open in a few months, predicted this week that selling the drug will bring in $190 million in tax revenue there over the next four years.
+ 1 and I love this! Glad to be with you from the trips ZR1!
Fantastic! + the accumulation is at a high, all setup for a nice Friday!
Massive v3.0.0.7.2 right there!
FastFunds Financial Corporation Subsidiary Cannabis Angel Signs Agreement With a European Investment Advisor to Identify and Evaluate Potential Cannabis Related Businesses in Europe
SOURCE: FastFunds Financial Corp.
February 20, 2014 09:00 ET
WEST PALM BEACH, FL--(Marketwired - February 20, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, and Germany-based Halfar Consulting GmbH ("Halfar"), a financial investment intermediary and advisor have signed an agreement to provide advisory and consultation services to Cannabis Angel in its identification and evaluation of potential European-based cannabis business opportunities. Halfar has been in business for approximately 16 years and is a registered financial investment intermediary with the appropriate German authorities. Halfar possesses a current client base that is international in scope managing investments in multi-million Euros.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis Angel, stated, "I am pleased to enter into an agreement with a firm of this caliber that has extensive knowledge and experience in the European markets and we are confident these efforts with them will be productive to further our business goals."
Senol Halfar, President of Halfar said, "We look forward to this relationship with Cannabis Angel and believe we can provide invaluable assistance with their efforts to further their business plans in the European marketplace."
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACT INFORMATION
For Further Information Contact:
FastFunds Financial Corporation
& Cannabis Angel, Inc.
Henry Fong, Chairman & CEO
561-514-9042
http://www.marketwired.com/press-release/fastfunds-financial-corporation-subsidiary-cannabis-angel-signs-agreement-with-european-otcqb-fffc-1881012.htm
Boss traders only buy above the ask!
Boss traders only buy above the ask!
LOL those were stops. Check the buys. See ya!
LOL poor timing...
FastFunds Financial Corporation Subsidiary Cannabis Angel Signs Agreement to Acquire 49% Interest in Financial Services Company Focused on Cannabis Merchants
February 18, 2014 09:45 ET
WEST PALM BEACH, FL--(Marketwired - February 18, 2014) - FastFunds Financial Corporation's ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, and Minnesota-based Merchant Business Solutions, LLC ("MBS"), a provider of financial solutions and products to businesses, have signed an agreement to form Cannabis Merchant Financial Solutions, Inc. ("CMFS") to focus specifically on the financial needs of cannabis related businesses. Cannabis Angel will own 49% of this entity and has executed a consulting agreement to provide general business consulting services and financing support to MBS and CMFS.
MBS, in operation since 2006, is focused on providing financial services to small businesses including credit card processing, ATM services, cash advance and business financing, leasing, accounting software integration and debit/gift cards. MBS has served over 1,000 clients and has processed over $400,000,000 in credit card processing transactions to an array of businesses including restaurants, gas stations, online business, hotels and motels, convenience stores and other small businesses. MBS has many partner relationships with cash advance services, hardware vendors, ATM and credit card processing companies. Their partnerships cover some of the leading financial services companies both nationally and internationally. With these vast relationships, MBS is in a position to build the best solutions for a particular client's needs.
CMFS will be focused on providing a custom built suite of MBS's services to cannabis related businesses initially focusing on Colorado, but eventually moving to Washington and other States with medical cannabis sales.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis Angel, stated, "We are very pleased to be partnering with an experienced company like MBS and intend to hit the ground running given the recently announced guidelines provided by the federal government to banks for working with Cannabis dispensaries."
Kurt Martig, MBS managing member and founder said, "We are excited about entering this rapidly growing new business sector that has had extremely limited access to these types of services. We believe we have the experience, know-how and wide range of products to offer cannabis businesses financial solutions they have long needed to effectively serve their clients and help to grow their businesses."
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACT INFORMATION
For Further Information Contact:
FastFunds Financial Corporation
& Cannabis Angel, Inc.
Henry Fong, Chairman & CEO
561-514-9042
http://www.marketwired.com/press-release/fastfunds-financial-corporation-subsidiary-cannabis-angel-signs-agreement-acquire-49-otcqb-fffc-1879912.htm
FastFunds Financial Corporation Provides Corporate Update on Subsidiaries Cannabis Angel and Financiera Moderna
February 14, 2014 08:45 ET
WEST PALM BEACH, FL--(Marketwired - February 14, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) provided today a general corporate update on recent activities. The Company's wholly-owned subsidiary, Cannabis Angel, Inc., since its announcement on January 22, 2014, has received numerous inquiries, proposals and prospective business opportunities relating to the ancillary aspects of the cannabis industry in addition to its previously announced projects. These inquiries have been both national and international in scope. The Company has been undergoing fact finding and due diligence on several of these and while no agreements or understandings have been reached, the Company believes there is a high likelihood in the near future one or more could reach fruition. The Company will be keeping shareholders updated on a timely basis as events occur. Our private equity funding source has been encouraged by this high level of interest and has agreed to give our projects the highest priority and in addition has allocated additional funds for this sector.
The Company also updated the activities of its majority-owned subsidiary, Financiera Moderna, Inc. ("FM"). After several months of working on its marketing approach, FM's affiliated marketing groups have been evaluating their marketing concept and working to sharpen their strategy. Accordingly, these affiliates are working to implement a more direct to consumer approach. The current method required the time and cost involved with recruiting and training agents whereas the new direct to consumer approach is a more proven method of hiring licensed sales people to work leads and generate sales directly with the consumer. The Company believes it will have this more efficient approach in place by March 1, 2014. There are currently negotiations taking place with the principals of the affiliated marketing groups to amend the Company's agreements providing for stock ownership in exchange for a substantially larger percentage of gross revenues generated by the affiliates to the Company.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACT INFORMATION
For Further Information Contact:
Henry Fong
Chairman & CEO
561-514-9042
http://www.marketwired.com/press-release/fastfunds-financial-corporation-provides-corporate-update-on-subsidiaries-cannabis-angel-otcqb-fffc-1879209.htm
I am hoping for an 8am PR, either way we need to have a green day tomorrow. A big volume day and a close above .004 would look very nice on the chart.
Who is selling down here this is ridiculous! Hope you sellers leave and never come back!
Added more 3's here. Sellers smacked the bid around earlier, yet we help support yet again. Trading very nicely, and combined with the bashing, it must mean we are going to continue the uptrend in the coming days/weeks.
Mining for weed!
I guess I am stating the obvious here but similar trading pattern to yesterday. Looks good on low volume. Since the chart looks perfect I am convinced we are going to penny land, I'll just hold and ride it there, adding a few more shares on the way up.
Those were some monster hits, 00's coming...
Looking good here, traders working together to push upwards :_)
Looks good now on the charts, should close nicely and be very much ready for the next leg.
Hey looks like you were right on the money, did you get your 0.0023's earlier?
I don't want to see any more .002's. We are not going to fall below .0025, no chance, so on with it, let's go. We should be back to .0035, I'm sick of the MM BS and sellers today.
They warned me at .0006. They warned me at .0012. Again at .0025, then later at .0032. They're still here. We're still here. What's the only difference? Oh ya the price of the stock. Ya that 700% is just so 'toxic', please save me!
Really? The whole reason I bought today is because of the chart. With yesterday holding .0032 and today holding .0033, I don't think it'll touch your .0023, but we'll see. RSI at bottom of power zone so tomorrow can be a big reversal day still.
Making higher lows intraday? Looks like .005 coming today, a close at a new HOD would be nice.
I bought in here, all based on the chart, looked like a good time to start.
Holding that gap like a champ, looking awesome here!
FastFunds Financial Corporation Subsidiary Cannabis Angel and Colorado Cannabis Business Solutions Announce Agreement
WEST PALM BEACH, FL--(Marketwired - February 10, 2014) - FastFunds Financial Corporation's ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, and Colorado Cannabis Business Solutions, Inc. ("COCBS"), a newly-formed development stage company that is seeking to offer business solutions to companies offering services to cannabis-based businesses principally based in Colorado, announced today they have signed an agreement for Cannabis Angel to provide general corporate development services, collaborative business opportunities, and the development of a financing plan to assist COCBS in achieving its business goals. COCBS is currently exploring the development of customer relationship management software to assist dispensaries with their business operations and provide a higher level of service to their customers. Cannabis Angel will be compensated with equity ownership in COCBS as well as potential future transaction fees.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACT INFORMATION
For Further Information Contact:
Henry Fong
Chairman & CEO
561-514-9042
http://www.marketwired.com/press-release/fastfunds-financial-corporation-subsidiary-cannabis-angel-colorado-cannabis-business-otcqb-fffc-1877164.htm
Oh my, the chart don't lie, she's rockin' now.