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One Source sells hemp CBD. It appears to me that the 520 site only lists marijuana sales. Companies that have a tier 1-3 license. They don't belong on that list.
Interestingly, Cannasuer's Choice is the #14 producer/processor in WA, YTD. Out of what looks to be near 1000 companies, if anyone wants to count that list. lol
Those are still private companies. It wouldn't be unusual to not have that kind of info readily available on the internet. I think we'd all like to know. lol. But there are indications they are operating and at the very least maintaining their licenses. That's a heck of a lot more concrete info than empty scam companies that don't exist, as some have said.
What are you trying to find? I can see GRN Funds, GRN Holding, Pacific Processing/PBC, Cannaseur's Choice/Soulshine Cannabis, Mystic Ranch Dev Group, Magic Beans Hemp, etc. on the Washington Revenue page. They all have valid business licenses & tax permits.
And it looks like the intended acquisition of Soulshine Cannabis (DBA of Cannaseur's Choice) did 3.5M revs in Q1. Nice.
https://502data.com/license/416908
Did you know the SAFE banking act language is in the HEROES bill that just passed the house? It has a slim chance of remaining in the bill after the Senate gets done with it.
https://cannabisindustryjournal.com/news_article/safe-banking-act-included-in-covid-19-legislation/
And I'm not sure what you're talking about with their other companies. All cannabis products - Industrial hemp, MJ and CBD are booming the last few months. Record sales across the board. GRN has a nice piece of that. GRNF will soon, hopefully.
$.80 is a low target once the merger completes. Probably closer to $8.00 is more realistic.
LOL, try going to your bank and ask them where your money is right now. Physically. They couldn't tell you.
There's more anecdotal evidence of hundreds of clients than there is that there aren't many. Cannatrac's partnership. GRN Funds claiming 1.15B in deposits (before they bought GRNF), articles and interviews. All you have is you don't believe it? Ok then.
Also, PBC's address and phone number is provided on CANN's bank statement. lol.
You think we can get an amicus brief together for him? That's be fun. lol.
Isn't Hawkins the CEO of GRN Funds now? Or acting CEO? And what does CANN's couple milly have to do with GRN Funds' operations, which have revenue from many many sources including and beyond PBC? It's incredulous to believe they took this one company's deposits, out of the hundreds of clients they have and multiple subsidiaries, and misappropriated it to the point they couldn't pay them back. Where are the other complaints? Why is it just them that can't get their money? Surely some other companies would be having similar issues, no? Or maybe the problem is CANN, and not PBC? That begins to make more sense.
Really, I haven't read that case and don't know how that pertains to this or not. But from what I'm seeing, cannabis distribution is not the cause for PBC holding CANN's funds. It was other illegal activity. PBC would not need to use that defense in trial, IMO. But it might expedite a quick dismissal if it applies, which is the sole job of counsel. Wouldn't blame them for trying it.
Technically, every single cannabis operator in the US is violating federal law every single day. That includes financial institutions that accept funds from them. It's a legitimate defense. Luckily, the DOJ has decided not to prosecute those laws in local jurisdictions that have decriminalized it. But that doesn't change the law or a judges ability to interpret the law. Judges have to follow what's written if it comes before them. Only the prosecution's judgement in enforcement is affected. Civil suits have to follow the same guidelines.
The judge was provided a misrepresentation of facts, as it's now been demonstrated after that hearing. He ruled on what he had. Can't blame him for that, but you have to believe he's going to have a few questions for CANN next time they meet.
I'm looking at all these documents and internet arguments, and it's seems pretty clear to me that CANN is in trouble. The logic is not hard to follow. CANN was not forthcoming with the judge when they tried to get their injunction. There's no way around that. The delinquent tax recovery fee was assessed a month before the wire transfer was even requested. And then their counsel withdrew from the case? What's a valid reason they would be compelled to do that...fraudulent activity by their client. And you had that guy from NUG twitter bashing PBC, for what reason? That was clear violation of their contract, regardless of the other stuff. Desperate people do things like that.
There's a lot of compelling evidence of fraud and none of it is on PBC/GRN's side.
Pacific Banking Corp. is the DBA for Pacific Processing, Inc.
Same location as GRN Funds.
https://opengovwa.com/corporation/604181575
What's phantom? We know they have 3 accounts. Maybe we should find out how PBC processes new accounts before speculating about Khans. I think the account most certainly has a number, it just shows pending to the customer until the new account is cleared for transactions. That's why it's still pending. It has not cleared. Just a simple and obvious explanation that may or may not be correct. lol.
This is just more stuff that will come out in time if the case proceeds. It means nothing.
CANN was assessed a $950 recovery collection fee from California for taxes due 6 weeks before the wire transfer took place.
There's no indication whatsoever that a GRN Funds account is frozen or was frozen. Where are you getting this from?
I see a $1,007,131.47 wire transfer from CANN's PBC account. Then a $1,007,181.47 deposit 3 days later, including refunding the $50 transaction fee, back to CANN's account after the wire failed. It never left there after that.
Your book is different than mine. I'm not a lawyer, I just process information and use common sense as to how it relates to ongoing events.
Source of the CANN deposits could not possibly be from GRN Funds. Not sure what you're saying. If GRN Funds has an account holding CANN funds, then that could be frozen, I suppose, due to CANN's involvement. But there is no way you can conclude that CANN funds are frozen due to anything that GRN Funds did, based on what we know. If that's what you are insinuating.
Have to disagree here. JC has done everything by the book. If it's taking longer than you expected to complete the merger, it's because their holdings are larger than you expected.
At the VERY LEAST you would expect a con, aka pump and dump, to have sold a significant amount of shares for profit by this point in time. Has that happened? No, it has not.
There is ZERO evidence JC stole any money from CANN or everyone else. There IS evidence it was returned to CANN's account, like I speculated weeks ago.
The judge granted motions based on what CANN told him. Turns out CANN was not entirely forthcoming to the judge with facts that don't support their case, again, as I speculated weeks ago.
And the very definition of money laundering is what you just said. If they tried to use illicit monies to pay legitimate bills, that's illegal. The source of the money is the issue, not what they bought with it.
Personally, I'm more interested in GRNF acquiring assets than a suit they're not even named in.
Sorry, I don't see any basis for that allegation. That's not been determined by anyone. Just saying it doesn't make it true. As I've said before, a plaintiff's assertion doesn't hold much merit until it's refuted and reviewed for accuracy. The story that CANN tells left a lot out.
I've been right a lot more than most. Just sayin. Turns out this CANN case is looking a little shaky. Go figure.
Pretty much nothing we've heard the last few weeks on this board about the CANN funds was correct. Who stole the funds again?? lolol
Current info would indicate he's a McLaren driver.
And guess what? He bought 2 of those before he ever went public with this GRNF merger. Where did the money come from? Who did he scam to get those? Anyone? No one? The LOIs provide a clue as to what made JC and GRN Funds successful.
Can a person not fail at one business (as a 20-something kid no less) and then succeed in another? Is that not called life?
Any significance to the 3M share buy on the bid today?
I don't think any filled. But someone's looking.
This is sickening.
If you want to act like the business of public companies don't involve shares, go ahead. I'm well aware they want to issue shares for assets. They said as much in their earnings. Why else would they go public?
If you thing that's a bad thing, then we can discuss that. I don't think so. Particularly when the market is depressed as it is and assets can be had for very cheap.
Lindsay got 300K and retained millions of shares worth that he can sell later, subject to restrictions. That's a hell of a lot better deal than most R/Ms get. Most either get the cash or shares. Rarely do they get both.
Soulshine already sold controlling interest to GRN Funds, as well as Magic Beans, before this ever started. That has nothing to do with the merger. GRN Funds did that deal long ago. GRN Funds is taking those assets public now via R/M.
Again, look at any reverse merger. Just pick one at random. Tell me which ones issued shares to acquire existing assets from the private company. I can't find a single one in history.
You misunderstand. GRNF doesn't need to do that to acquire existing GRN Funds companies in the merger. It's a simple asset transfer agreement. No shares are involved. There's been no example I can find where that's happened in an R/M.
I'm talking about any additional acquisitions we don't know of yet. And that's called accretion, not dilution. When the acquisitions bring additional revenue for shareholders, it's a good thing.
Not yet. They will increase the OS after merger to buy more companies, no question
Reverse Mergers of cannabis companies going public are the norm, not the exception:
I didn't finish the last few, but you get the idea. The law does not allow a traditional IPO on the big boards to happen. In the current climate, cannabis companies reverse merge on OTC. It's happened over and over. Why anyone thinks GRNF is any different has not yet been explained.
Trulieve Cannabis Inc > Schyan Exploration Inc RM 9/2018
OTC: TCNNF
Curaleaf Holdings Corp > Lead Ventures Inc RM 10/2018
OTC: CURLF
Green Thumb Industries > Bayswater Uranium Corp RM 6/2018
OTC: GTBIF
Tilt Holdings > Santé Veritas Holdings Inc (+ 3 others) RM 12/2018
OTC: TLLTF
MedMen Enterprises > OutdoorPartner Media Corp RM 4/2018
OTC: MMNFF
Cresco Labs > Randsburg International Gold Corp (empty shell) RM 10/2018
OTC: CRLBF
Harvest Health & Recreation > RockBridge Resources Inc RM 11/2018
OTC: HRVSF
Marimed Inc. > IPO on OTC 5/2012
OTC: MRMD
GrowGeneration > IPO on OTC 1/2019
OTC: GRWG
Columbia Care Inc. > Canaccord Genuity Growth Corp. RM 4/2018
OTC: CCHWF
iAnthus Capital > IPO on CSE 9/2016
OTC: ITHUF
Acreage Holdings > Applied Inventions Management Corp RM 11/2018
OTC: ACRGF
CV Sciences > CanX RM 5/18
OTC: CVSI
Planet 13 Holdings > Carpincho Capital Corp RM 5/18
OTC: PLNHF
Harborside > FLRish, Inc. RM 5/19
OTC: HSDEF
AYR Strategies OTC: AYRSF
Terra Tech OTC: TRTC
C21 Investments OTC: CXXIF
Indus Holdings OTC: INDXF
Halo Labs OTC: AGEEF
DionyMed Brands OTC: DYMEF
MJardin Group OTC: MJARF
Vireo Health OTC: VREOF
Vapen MJ OTC: VAPNF
Cansortium OTC: CNTMF
Green Growth Brands OTC: GGBXF
Why would you single out this particular R/M as an exception to the rule? Do you want me to list the 20+ US cannabis stocks that went public via R/M in the last 2 years? I've invested in a lot of them. And most were with defunct mineral companies like Discover Gold, interestingly enough.
Yes. Same as every other company that went IPO or R/M.
Companies that go public give up a lot of equity in the process. It's the deal they make. In turn, those equity holders fund their expansion.
JC said himself he's anxious to get this reverse merger completed in a social media post. I was beginning to question the avenue he'd acquire these companies until he said this. So much misinformation has been suggested about issuing shares for the LOIs. People suggested he just bought DCGD and then will use that as a vehicle to buy assets with shares? Seems plausible for the sceptic, but not in the terms of R/M.
He said specifically a reverse merger is in process. That means 100% of GRN Funds is merging into GRNF as they are the entity that bought DCGD. No question. That's how a R/M works.
I would say yes. Guaranteed.
GRN Funds owns PBC. GRNF is trying to take PBC and 10 other companies public with a reverse merger via GRN Funds. There's a link between PBC/GRNF and the suit, in that JC owns both, but it's tangential at this point. Nothing directly affects GRNF until the merger is completed.
That would likely have a fantastic outcome. Thanks!
What law has he broken? What criminal charges or criminal investigation is JC facing currently regarding this company? None? Or maybe hopefully something? What is the goal?