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That's nothing, I'm down 270 grand!
Well, the answer is obvious isn't it; we currently have zero revenues, been delayed for over a year, and the company is diluting to pay for its bills as a result... Considering, I don't think it's time yet to throw the baby out with the bath water... Go $GCGX.
Math is not correct. We currently have three machines producing 5 l per day each FOR A TOTAL OF 15 LITERS PER DAY. The new large extractor is 25 l per day; that's for just this one machine. Together, we NOW have the capacity to produce up to 40 l per day of the purest and finest THC oil in the land... $GCGX...
Well, don't feel like the lone stranger as I am down two fortunes!! However, I'm not worried, I see progress, and soon we will be one of the few California cannabis manufacturing companies selling THC oil legally from our largest of it's kind Cannabis Mall and, when that happens we will rocket back into penny land! Go $GCGX...
Absolutely, shout it from the rooftops! $GCGX...
WELL, IF YOU'RE TRYING TO GET US ON THE BREAKOUT BOARDS, IT'S WORKING, #18; GOOD JOB, KEEP IT UP! GIVE YOU ANOTHER FOLLOW $GCGX...
What a gift is right; to be able to buy shares of $GCGX and these prices... Who would of thunk it, woohoo!
Just like they would say on Rug Rats, "A baby's gotta do what a baby's gotta do!" Delay's are costly, both in time and money, but this baby is surviving and soon will be thriving. $GCGX....
Shaping up nicely isn't it... Looks like Q1 we book revenues, 1 months worth at least and, as you know, it was said that revenues would be in the neighborhood of $3.5 mil per month. It was also said that we are ramping up to full production in Q2 which equates to, CEO's numbers not mine, $10.5 mil...
Keep in mind also, this is full production of only one revenue stream and we have many more coming, i.e. California THC Oil and CBD Oil, Testing, Edibles, Beverages, Tahoe Distribution, and in the not so distant future, Florida Hemp and more CBD oil... Go Matt, Go Tom, where ever you are, Go $GCGX...
You're absolutely right, let's not put the cart before the horse... It's a process, first things first, install the machine, final inspection, couple weeks of processing, and voila, we're in business selling the finest and purest THC oil in the land. It's not rocket science but it's not easy either to build a Cannabis Empire anywhere in the world right now. Go Global, go $GCGX...
Pardon me, that toy, as you call it, is the machine that produces 25 l per day of the product called THC oil, amber gold, which sells at $7,000 per liter. Way better than the black gold of the Beverly Hillbillies which only sells for $52 dollars a barrel. Keep in mind that there are 169 liters in a barrel = $1,183,000 per barrel of amber gold, THC Oil that is! Go $GCGX...
Wtf, who are you kidding, that's great news!
I don't like the dilution either but, I think the CEO said, no toxic debt in our expansion into Florida. I think the dilution is due to the delays and simply to pay bills. Anyway, in a couple weeks it won't matter, especially if the company buys back 200,000,000 million shares.
Agreed, Q1 will be a partial quarter though could still rack up revenues, as projected, up to $3.5 mil just for the month of March. And this is just for starters as Global ramps up towards full production by this summer. If at that point we are at full capacity too, that's 40 liters per day X $7,000 dollars per liter of THC oil = $25,000,000 dollars, potentially, in Q2; don't think we want to get impatient here as we are just getting started... And, this is just one of many income streams to come, i.e. THC Oil, CBD Oil, Edibles, Beverages, Testing, Tahoe Distribution! Go $GCGX...
Especially when you've got 40' ceilings and California to have to deal with!
Well, that could be said about most OTC stocks, although, once in a while, along comes a stock with a real plan, a real business, and a real product; a gem, a diamond in the rough... $GCGX.
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 25L Oil Extractor.
3. Processing, Distribution, Testing.
4. Lake Tahoe MJ Distribution.
5. Nightfoods Half-Baked Edibles.
6. Audited Annual Report 4-1-20.
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 said in the conference call not long ago 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 in the last conference call 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. There has been much ballyhoo about all of this, you know what I mean, but I think it's a novel approach! Anyway, I'm glad this legal issue has been addressed because now it's full speed ahead!
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 USA, even for legalized hemp products.
That said, 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. Side note, Blumenauer and I work in the same Federal building in Portland Oregon and one day when we're in the hallway or maybe even in the bathroom I'm going to ask him about 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 40 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. And, we are just about finished with our initial build-out. In fact, we will be selling our purest and finest THC oil any day now, 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! And, get this, last year we had letters of intent for THC oil worth in excess of $38 million dollars and most of those orders are still good; all we have to do is fill them. And this doesn't count all the new orders that have been coming in as we are ramping up our manufacturing towards full production in the coming weeks. Ladies and gentlemen, it's go time!
Although, in going forward it is anticipated that in order to keep up with the demand for THC oil, Global will need to purchase and install a new large 25L oil extractor. And, according to the end of year update, they are finished or about to finish, the build-out of a room for this new machine. Let that sink in for just a minute; we are starting the new year with additional capacity! Okay, now think about what an additional 25 liters of oil per day at $7,000 dollars per liter will do to our bottom line. This is on top of what we already have. Remember, it was stated back in October of 2018 that Indulge brought with them 3 oil extraction machines each capable of producing up to 5 liters per day, wow!
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: 40 liters per day = $25.2 mil per quarter, over $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 $1.00 PPS...
Wow, 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 so 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 to his effort in helping 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! 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. But, hold on to your hats, I'm expecting the first quarter of 2020 to show somewhere between $5 and $15 million dollars just based on Indulge Oils' capacity alone but this is only a partial quarter, missing January. Now, the second quarter will be a full quarter and I am expecting anywhere up to their full capacity of $30 million dollars of revenue!
Now, all things considered and the numbers we have been given already, I think that last year's projected $100 million dollars is possible in 2020! I like that, under promise and over perform. By the end of 2020, 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 OTC, pun intended, or better yet perhaps even the NASDAQ by then, woohoo!
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 the full legalization of marijuana; 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 be on top of this Tom Roland! Go $GCGX...
LOL, the truth is, I bought way more shares of $GCGX than I should have because I believe this company has all the right stuff and, that stuff is in huge demand, i.e. LOI to buy THC oil @ 25 liters per day for $7,000 dollars per liter...
For those having a hard time reading between the lines created by the Chinese Wall, it says, simply, this is a "hands-off-the-plant" approach!
To bring it home, this hand-off-the-plant approach is critically important in our plan to up-list to the NASDAQ, at least while the plant is still completely illegal at the Federal level as this would otherwise prevent us from listing on the NASDAQ... I don't know about you but my dream is alive and well and in a big way, thanks to the Chinese Wall. Go $GCGX...
Strange dilemma: you and I and the CEO want the PPS to go up, on the other hand, you and I and the CEO want the PPS to go down because we all want to buy more shares, including the CEO. Yes, the CEO wants to buy shares even though right now he might be selling shares to pay for final projects. Although, Matt will have money to buy shares shortly and then shift gears from reverse to drive, start selling THC oil instead, and kick off his buy-back program!
Folks, we are going to get a PR or tweet any minute now saying that we passed the final inspection of the vent project and then we can start processing all of the slurry we've been producing since way back in October. Bottom line, in just a couple short weeks we will be selling THC oil and, buying back shares at the same time; kind of a strange dilemma, hmmm! Go Matt, go $GCGX...
Preposterous
That's exactly what they wanted to happen... All day, Someone had been selling into the bid so, It's possible now that the selling might be done; hope so anyway...
LMFAO, now the first quarter report will be out May 15th, or May 20th if they file for an extension, and then we will find out if Global Consortium Inc., in fact books earnings or not and who is right...
That's all been explained in the Chinese wall and exactly why the Chinese wall was created in the first place. It's a novel approach and why Global Consortium is so unique. In fact, what you are pointing to are just the particulars of the Chinese wall created to insure a hands-off-the-plant approach. Not so hard to figure and, extraordinary is understated if Global jumps to the NASDAQ! Go $GCGX...
Suspect you may be right, dilution that is; California was a mess and delays are costly. However, that's why we have shares and a marketplace, to build a business, and that is exactly what Matt has done...
Where all but one of Matt's Sacramento competitors in the cannabis manufacturing arenia have failed, he has succeeded and is now fully licensed. In fact, the last project standing in our way of selling THC oil, the vent project, is now complete. And, the only thing standing in our way now is the final inspection...
In just a couple short weeks, Matt will be selling THC oil in earnest and will no longer need to sell shares in order to pay for a vent project or anything else. In fact, just the opposite, when oil sales begin so will the share buy-back program... Go Matt, go $GCGX...
Matt's real focus, for now at least, is on his sister company, Global Consortium... The THC oil spigot is about to be turned on: First, final vent inspection, then final two stages of processing and, voila, THC oil sales begin in earnest in America's largest of its kind, first of its kind, Cannabis Mall in Sacramento California!
In fact, Global already has one contract at 25 l per day @ $7,000 per liter and, and, and, all this is happening right now... This, my friend, is where the real show is!
Can't deny it, but I know in a couple weeks when we start selling THC oil and the share buyback plan kicks off in earnest, all that nonsense is going to stop. I can tell you, at this price, that a million bucks will buy back a lot of shares: to be exact, $.01 = 100 million shares. Now, if we earn $10 million bucks in Q2 and spend 10% to buy back shares, that's 100 million shares per quarter and I think they should buy back shares for a couple quarters at least. Hell, I hope to see the OS at 500 million shares and no more!
It's just flippers, not dilution... Look at the flipper wall they create hoping that if somebody does hit the ask, well then, just like that they have a chance to buy back at a lower price. And if the wall holds long enough then more flippers, who know they can't sell above the wall, start selling below the wall and thus it drives the price down.
It's just that simple, flipping 101, and it should be illegal, probably is illegal, because, if orchestrated from multiple accounts, it's exactly that kind of manipulation you were talking about...
That said, we are making progress, news is coming, and the bulls are winning! The PPS has to be above one penny, together with the share buyback plan, and we are heading north my friend.
They did say that the permit website should be updated to show that the permit was issued because, in fact, Global actually drove over to the permit office to pick up the vent project permit in person the Friday before last week. This kind of delay doesn't surprise me in the construction business, is almost expected, and in the end is inconsequential.
Anyway, with the permit in hand last week I suspect that the project is already complete by now as we were told it was only going to take a couple days. I suspect now we are just waiting for final inspection. Considering, I'm looking forward to a press release this week indicating just that, that the project is complete, the final inspection has passed, and we are in business now, woohoo! $GCGX...
Actually the other tenants are on their way out in 2021 which is why it is necessary for us to secure a first right of refusal for the purchase of that 39,000 ft². We have secured the right to purchase the 25,000 ft² we already occupy and that acquisition is supposed to be complete during the first half of this year. Add to this the acquisition of the other 39,000 ft² next year, equals a total of 64,000 ft², and, voila, we will have the largest of its kind Cannabis Mall in the United States of America, woohoo! $GCGX...
I'm expecting final inspection this week, possibly Tuesday, tomorrow morning. Let's just say final inspection this week, then we begin processing the last two steps of a whole bunch of slurry just waiting for this venting project to be completed and after a couple short weeks of processing, the selling begins and we are finally in business, peddling the finest THC oil in the world...
Keep in mind, once we begin selling oil, a percentage of the revenues generated will go towards the share buy-back plan and from there, Folks, there will be no stopping this cannabis freight train, woohoo! Go $GCGX...
I agree that $GCGX will be fully audited in April and by then, with the share buy-back plan, that we will be trading above $0.01 and for the requisite 30 days before the S1 application for uplisting to the OTCQB.
It's going to be a great summer with Q2 at or near full production. Let that sink in for just a minute, with the knowledge that we will have the capacity to produce up to 40 liters of quality THC oil per day and, the fact we know of one order already for 25 l per day at $7,000 per liter!
Now, I expect the uplist to the OTCQB to be completed before the Q2 report is released on August 15th and I expect that report to show tens of millions of dollars in revenue, woohoo! See the following estimate and know it is predicated on demand and production at full capacity:
Qtrly Rev: $25,000,000
Yearly: $100,000,000
Margin 50%: $50,000,000
Yearly EPS: $0.0833
Multiple: 24
PPS: $2.00
To be honest, I know this is not likely, not yet, though getting close, and, it sure could be if there is enough demand and if, for instance, we purchase even just one more extractor. Or, if we add just one more income stream such as our CBD production. And, Voila, halfway already to qualifying for the NASDAQ! Go $GCGX...
Global will book revenues this quarter, Q1, due out May 15th, 2020: The last update, projected we would produce $3.5 million per month in THC oil revenues alone even though $GCGX has the capacity to produce way more, in fact, Global has the capacity to produce 2 times more THC oil than that. With that in mind, I'm thinking this is a classic case of under promising and over delivering.
Finally, this will be a partial quarter with full production to start on the day after we pass final inspection for the venting project. I am expecting an update any day now indicating that we have in fact passed final inspection and that we are now in full production mode! And, so long as we pass final inspection before the end of this month, February, then we will book at least one full months worth of THC oil production, woohoo! Go $GCGX...
Absolutely not, BDCI is Global...
Absolutely, and as you know, Matt is finally starting to get things done with the filing of the S1 for IGPK. And just as he has done for IGPK he will follow suit with Global... Furthermore, the delays weren't Matt's fault, this is a brand new industry, California was a mess, and now it's all starting to come together!
Matt is auditing Global right now, this quarter, and, should be finished by April 1st. While the audit is happening, Matt is finishing the build out, just about to turn on the oil spicket any day now, and revenues to follow in just a couple short weeks of processing the final two stages of all the slurry they've been creating for months now, since the certificate of occupancy issued in October!
Folks, the S1 means uplisting to the OTCB and is just the first step in uplisting to the NASDAQ. Take a look at what happened to Nightfoods after this first step, uplisting to the OTCQB, their stock price jumped all the way up to $0.80, woohoo! Go $GCGX...
Likely they will just put up another stupid wall thinking, when we knock it down, they will get to buy it back at a lower price. So it goes, rinse and repeat till we up-list to the OTCQB. No worries, $GCGX...
The plan in Florida is to build a CBD Lab for extraction, processing, testing, and distribution.
Link please.
"Can wait to see what this stock will do in the coming weeks!!"
You meant can't wait; right? And neither can I. Go $GCGX...