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More BS.
Try again.
If there was any real BID it wouldn’t have dropped by 40%
Yikes.
GLTA & JMO
Yikes.
Down 40% today.
Dont see that with real companies.
ONLY IN PINKYLAND.
Where oh where have all the buyers gone. LMFAO.
I cant even make this stuff up.
GLTA & JMO
HEXO rises up to the challenge of higher than expected demand for cannabis
10/22/2018 6:30:00 AM
GATINEAU, Quebec, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Taking its preferred supplier status with the Société québécoise du cannabis (SQDC) and its deals with Ontario and British Columbia seriously, licensed cannabis producer HEXO is proud to not only have delivered on all orders but to have also replenished stock across the country.
While it was difficult for provinces and experts to predict just what the demand for cannabis would be once legalized, the actual demand far exceeds any reasonable expectations. Stores across the country – online and bricks and mortar – have been challenged to obtain and restock product, but the availability of HEXO products has been reliable.
“HEXO has risen to the challenge of a much higher than anticipated demand during the first few days of legalization, and we are very pleased with their responsiveness,” said Jean-François Bergeron, the Société des alcools du Québec’s Vice-President of Supply Chain. “Thanks to HEXO’s preparedness, we have been able to provide and maintain customer service to the SQDC’s clients, even with this higher demand.”
In its 310,000 sq. ft. production facility, HEXO has produced enough of its high quality dried flower, oils, milled flower and pre-rolled cones to meet the initial demand and to send resupply shipments ahead of schedule, ensuring stores and distribution centres have undisrupted access to products. The company reports that it has pulled all stops to meet the demand, shipping several times over the weekend.
“We’ve been focused on executing all of our plans for several weeks, and I am proud that our team’s dedication and capability has meant that customers’ access to HEXO product has been dependable. Sales have been good, and we’ve been able to keep up,” added HEXO CEO and co-founder Sébastien St-Louis. “We said we were ready; now we have proved it.”
HEXO’s newest expansion, a 1,000,000 sq. ft. greenhouse on its Gatineau property, will increase the company’s production capacity to 108,000 kilograms of dried flower annually. The construction project is running on time and on budget, with completion expected at the end of 2018.
About HEXO Corp.
HEXO Corp. creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.
Nobody knows.
Reason has left the building and crazytown is still holding.
GLTA & JMO
Whatever that means.
Hows that VWAP treating SGSI?!
LMFAO
Trip zeros. And then vapor.
It has to. It must.
GLTA & JMO
The bank is not offering a 'sweet' deal, as a matter of fact prime (as defined in the agreement, which is not true prime) + 2% is steep for an LOC and especially for a business.
Other businesses are getting prime + .5% with regularity.
And the LOC was also secured against the assets of the company.
Thats what happens when there is HIGH RISK with a company that is having troubles paying the expenses to the tune of $1M per month.. as per the last 10Q.
I cant wait for the next one. Always seems to be some selling before one comes out, and a whole lot of selling after.
TRIP zeros cometh.
GLTA & JMO
Losing $1M per month (as per the last 10Q) is going to be tough to make up for a company that seems to miss on every revenue projection.
Tax Loss selling will put this back into single pennies.
Believe it.
GLTA & JMO
Looks like someone is dumping again.
Dump dump bump.
Not a great omen as its the same pattern that took SGSI to .002X before the ridiculous reverse split.
Better out with a loss than a tombstone.
GLTA & JMO
INVICTUS SIGNS AGREEMENT WITH GTEC TO SUPPORT CANNABIS RETAIL EXPANSION
Vancouver, BC, Canada -- October 19, 2018 -- InvestorsHub NewsWire -- INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTCQX: IVITF; FRA: 8IS1) is pleased to announce that it has entered into a definitive agreement (the "Definitive Agreement") with GTEC Holdings Ltd. ("GTEC") (TSXV: GTEC; OTCPK: GGTTF) for the previously announced non-revolving unsecured convertible loan (the "Loan Facility") in an amount up to $2,000,000, and an interest rate of 8% (see press release dated August 30, 2018, for more details). The proceeds from the Loan Facility will be used by GTEC for the expansion and development of its cannabis retail strategy in Canada.
See GTEC press release titled "GTEC Holdings Announces Initial Retail Cannabis Stores Scheduled to Be Operational in 2018," dated October 11, 2018, for a current update on GTEC's retail operations.
The Definitive Agreement provides Invictus with a Right of First Refusal ("ROFR") to fill up to thirty percent (30%) of any third-party supply agreement that GTEC, or its subsidiaries, has for the supply of cannabis flower or oil, whether domestic or international, for a period of two years from the date that GTEC, or one of its subsidiaries, receives its first Sales License from Health Canada.
"The team at GTEC has successfully executed one of the most robust retail strategies in Western Canada," said Dan Kriznic, Chairman and CEO of Invictus. "Over the next coming weeks, we look forward to finalizing the supply and launches of our premium adult-use cannabis products."
"This week, we as Canadians have made unprecedented worldwide history as we embark into legalization for adult recreational use. We are excited to enter this journey together with Invictus." said Norton Singhavon, Chairman and CEO of GTEC. "The premium flower, distinct brands and diverse genetics will complement our anticipated 35+ retail locations between British Columbia, Alberta and Saskatchewan."
The Loan Facility is subject to final approval from the TSX Venture Exchange ("TSXV), and shall be due and payable in full on the date that is two years following the date of the first advance on the Loan Facility (the "Maturity Date"). GTEC will be entitled to prepay all or a part of the Loan Facility at any time, from time to time, without bonus or penalty. Upon mutual agreement by both parties and prior to the Maturity Date, Invictus may increase the amount of the Loan Facility up to $6,000,000 in aggregate, and further extend the term of the Loan Facility.
Upon regulatory approval, all or a portion of the principal and accrued interest on the Loan Facility may be convertible into common shares of GTEC, at the option of Invictus, at any time prior to or on the last business day immediately preceding the Maturity Date, at a conversion price equal to $1.50 per common share (the "Conversion Price").
For more information, please visit www.invictus-md.com.
On Behalf of the Board,
Dan Kriznic
Chairman and CEO
Jessica Martin
Vice President, Public Relations and Regulatory Affairs
(833) 879-4363
About Invictus
Invictus is a global cannabis company offering a selection of products under a wide range of lifestyle brands. Our integrated sales approach is defined by five pillars of distribution including medical, adult-use, international, Licensed Producer to Licensed Producer and retail stores.
Invictus has partnered with business leaders to convey our corporate vision, including KISS music legend and business mogul Gene Simmons as our Chief Evangelist Officer. To meet growing demand, Invictus is expanding its cultivation footprint, with two cannabis production facilities fully licensed under the ACMPR in Canada and a third awaiting approval, featuring 100,000 square feet of available grow space today with 200,000 expected by January 2019 and up to 1 million by end of 2020. To accommodate international sales, Invictus' wholly-owned subsidiary, Acreage Pharms Ltd. ("Acreage Pharms"), has designed and is currently building its Phase 3 and 4 purpose-built cultivation facilities to be European Union Good Manufacturing Practices ("EU-GMP") compliant. The Company will earmark up to 50 per cent of production to the medical market. To ensure consistency in quality and supply, Invictus maintains all aspects of the growing process through its subsidiary, Future Harvest Development Ltd., a high-quality Fertilizer and Nutrients manufacturer. Invictus drives sustainable long-term shareholder value through a diversified product portfolio with over 69 Health Canada approved strains and a multifaceted distribution strategy including medical, adult-use, international, Licensed Producer to Licensed Producer and retail stores. For more information visit www.invictus-md.com.
About GTEC
GTEC was founded in 2017 to capitalize on opportunities in the nascent and rapidly growing legal cannabis industry. GTEC is a public corporation listed on the TSX Venture Exchange and based in Kelowna, British Columbia. GTEC is focused on growing premium quality craft cannabis in purpose-built indoor facilities. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals, Alberta Craft Cannabis, Grey Bruce Farms, Tumbleweed Farms, Zenalytic Laboratories, and Spectre Labs.
Balance of Trades today.
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/trades
Complete with lipstick for this pig.
I feel sorry for anyone spending 150$ to keep the illusion alive.
LOL
Lower highs and lower lows.
I cant even make this stuff up.
GLTA & JMO
Even the lipstick is starting to streak in the wrong direction.
Lower highs and lower lows.
I feel sorry for everyone trapped in this nightmare. And tax loss selling will bring it to another fresh low before year end.
GLTA & JMO
Nobody is shorting a pinksheet stock that has a 50% spread.
More BS.
Its always the shorts. But there is never any buying. Its at .0018 pre-split and it cant catch a bid.
I mean really.
WAKE UP!
GLTA & JMO
I agree. And Andrew will not be the next prime minister anyways. JT's popularity is very high; no pun intended.
Its just a blip short term as some take profits. There will be more M&A in the industry and there will be a few more countries legalizing it shortly. This will provide more opportunity for Canadian entities to be first to market and offer their expertise to foreign companies.
And when the US finally comes around the US corporations will swallow up their Canadian pilots.
This is going to be a hot sector for many years.
GLTA & JMO
Yep. Controlled by insiders and the SGSI community marketing team.
Broke clocks are right twice a day, but man those guys should be fired.
GLTA & JMO
Just churn, profit taking and some fear that a new Prime Minister would re-criminalize pot nationally.
No chance that happens though.
GLTA & JMO
LOL..
They are RESTRICTED!
Not by managements volition.
I cant even make this stuff up.
GLTA & JMO
AS is 750M
After a 200:1 Reverse Split that basically equals 150 Billion pre-split.
Shareholders should be livid.
Trip zeros cometh.
I cant even make this stuff up.
GLTA & JMO
The pinkhseets has always been a cesspool.
Its where shady management and scams go to work over shareholders.
Moving to NEVADA should have been a HUGE RED FLAG.
Live and learn..
GLTA & JMO
Yikes.
DILUTION is going to crush the PPS into trip zeros POST SPLIT.
LOL
GLTA & JMO
CGA Receives Broad Support for its Renewable Gas Funding Proposal to the Federal Government
OTTAWA, Oct. 18, 2018 /CNW/ - The Canadian Gas Association (CGA) has received broad support from stakeholders encouraging the Government of Canada to endorse CGA's federal policy proposal for a Renewable Gas Innovation Program. The proposal seeks a Federal Budget 2019 allocation of $750 million to support renewable gas project deployment, to facilitate technology commercialization, and to enhance federal laboratory renewable gas R&D capacity. To date, more than 35 letters of support have been sent to the Honourable Amarjeet Sohi, Minister of Natural Resources Canada.
To advance the discussion further and to educate Canadians about the role of renewable gases, CGA launched a social media campaign #CanadianRenewableGas via @GoSmartEnergy and LinkedIn. It includes factual information on renewable natural gas, hydrogen, and synthetic methane, and details on the role they can play in providing low-emission energy for Canada. We encourage participation in the campaign #CanadianRenewableGas and offer more information on our website.
Looking forward, natural gas has an important and growing role to play in Canada's long-term energy future. The National Energy Board forecasts that by 2040 natural gas will be the largest source of energy in Canada at 40 per cent of energy demand. With this demand growth, we see a significant opportunity to expand the Canadian renewable gas market.
Canada's extensive underground natural gas infrastructure and untapped renewable gas opportunity position us well to achieve CGA's May 2016 aspirational goals of 5 and 10 per cent RNG content by 2025 and 2030 respectively. However, in order to ensure success, sustained policy recognition and program support is required. Globally, more and more countries are recognizing the need for renewable gaseous energy solutions. For Canada, renewable gases offer a ready-now solution for reducing emissions from freight transportation, building heat, and industrial energy needs. By substituting just 5 per cent of Canada's gas supply with renewable gases, it would reduce GHG's by between 10 and 14 megatonnes.
Quotes
"Federal funding for the Canadian renewable gas market is a way to trigger the use of existing cost-effective energy infrastructure to meet emission-reduction targets. If the Government of Canada considers renewables a big part of
our energy future, renewable gases should be part of the plan. We encourage the Government of Canada to support this funding request in Budget 2019. "
Timothy M. Egan
President and CEO
Canadian Gas Association
"Canadian gas utilities are leaders in the effort to reduce emissions. Renewable gases offer a significant opportunity to do even more on that agenda, and CGA members hope the Government of Canada will commit the resources to work with us on it."
Steve Baker
President, Union Gas
Chair of the Board, Canadian Gas Association
"Canadian policy makers need innovative market tools to support their goals to reduce GHG emissions. Renewable gases are an untapped opportunity for Canada. Xebec has the knowledge and the technology solutions to play its part in Canada's renewable gaseous future. From hydrogen to converting biogas to renewable natural gas (RNG), a carbon neutral fuel, we have identified a niche that is both significant and relevant to greenhouse gas (GHG) reduction potential. What we need now is a federal commitment to get it done."
Kurt Sorschak
President & CEO
Xebec Adsorption, Inc.
"Pollution Probe believes the proposed federal Renewable Gas Innovation Program is in line with our view that the advancement of renewable gases, such as renewable natural gas (RNG), provides a substantial opportunity for Canada to reduce greenhouse gas (GHG) emissions, particularly from the transportation sector, while promoting economic growth for the country. We encourage the Government of Canada to support this initiative."
Steve McCauley
Senior Director, Policy
Pollution Probe
"Renewable natural gas plays a critical role in advancing Canada's clean, sustainable energy future. Federal funding is essential to enable this market in such a way that Canadians can learn, grow and demonstrate innovation and leadership."
Jennifer Green
Executive Director
Canadian Biogas Association
About CGA:
CGA is the voice of Canada's natural gas delivery industry and its members are distribution companies, transmission companies, equipment manufacturers and other service providers. Natural gas has a central place in Canada's energy mix meeting 34 per cent of the country's energy needs. Today more than 7 million customers representing well over 20 million Canadians rely on natural gas for heat and power in homes, businesses, hospitals and schools.
SOURCE Canadian Gas Association
For further information: Annik Aubry, Director, Communications and Social Media, Canadian Gas Association, 613-748-0057 ext.325 or 613-668-1128,
.00ps
Another RED Day in Mantra-ville.. I mean SGSI-ville.
Looks like the spigots of dilution are wide open again.
GLTA & JMO
PRIME (as per the agreement) plus 2%? That's a bit steep. Especially for a business use-case.
PLUS warrants? LOL
Getting fleeced on an LOC.
I cant even make this stuff up.
GLTA & JMO
Warrants are NEVER issued at a discount.
That's what OPTIONS are for.
I mean really.
And PRIME (as per the agreement) plus 2%? Thats a bit steep.
PLUS warrants? LOL
Getting fleeced on an LOC.
I cant even make this stuff up.
GLTA & JMO
They have a few different retail chains that will play in this space.
GTEC with their capacity will be a highly sought after asset with the supply crunch coming.
GLTA & JMO
Even a broken clock is right 2 times a day.
But DAMN, that broken clock is getting really really really expensive to fix.
LOL
I cant even make this stuff up.
GLTA & JMO
Keep dreaming!
LOL
Sounds like there will be a moratorium on upgrades.
Yikes.
GLTA & JMO
I feel sorry when I see folks hold through a 200 to 1 RS.
And then through more dilution.
All the way to triple zeros.
Gotta wonder when the lessons will be learned.
Down 30% on high volume.
YIkes.
GLTA & JMO
Its all relative.
When you do a 200 for 1 RS you have to dilute slowly so the BID doesnt get cratered and whoever is left doesnt just throw in the towel.
But its coming..
Watch.
GLTA & JMO
Yep. Looks like dilution has started. AGAIN.
Cant wait for the 10Q.
LOL
GLTA & JMO
Not sure it was Shank but he didnt do much to help the shareholders out.
The IR for Pivot is also atrocious. I think its way oversold personally and the dividend is giving a crazy yield but these guys need to get moving in the right direction and get their cash flow sorted out.
Still think this will be bought out eventually.
GLTA & JMO
LOL.
You forgot strong!
GLTA & JMO
WE all cant wait for the next Q.
LOL
Another black eye for management and a rude awakening for shareholders cometh..
Trip zeros too.
GLTA & JMO
What are they supposed to say?
We need this 5M to stay afloat while we dilute on shareholders?
I mean really.
Why no terms? Not even a rate?
Another RED flag.
Dilution cometh.
GLTA & JMO
I wonder why they didn't mention the terms?
LOL
Will they service the debt through dilution?
YOU BETCHA!
GLTA & JMO
The news today was so good the stock fell 18.5% on high volume.
LOL
I cant even make this stuff up.
GLTA & JMO
More debt they cant afford to pay.
They are making a huge bet on Dilution.
Shareholders should watch the next few weeks very closely.
Halloween is coming early.
GLTA & JMO
XBC a top pick today on BNN.
Rob McWhirter holds it in his fund and his personal portfolio.
Nice volume spike.
GLTA & JMO
50K pre-split?
GLTA & JMO
GTEC Holdings Announces First Retail Cannabis Stores Scheduled to Be Operational in 2018
KELOWNA, BC, Oct. 11, 2018 /CNW/ - GTEC Holdings Ltd. (TSXV: GTEC) (OTCPK: GGTTF) ("GTEC" or the "Company") is pleased to provide the following updates on its retail operations.
GreenTec Holdings (CNW Group/GreenTec Holdings)
Alberta – Cannabis Cowboy 25 Locations at Full Deployment
Cannabis Cowboy has currently received 10 development permits from their respective municipalities in Alberta, which include locations in Calgary, Red Deer, and Lethbridge. Permits are subject to final Provincial and Municipal licensing. Cannabis Cowboy expects to have 11 retail locations opened and operational in Q4 2018, with an additional 14 locations to be opened in Q1 2019. Over the coming weeks, GTEC will be working closely with Cannabis Cowboy and Invictus (TSXV: GENE) (OTC: IVITF) (FRA: 8IS1) on finalizing product supply, brand launches and retail grand openings.
Saskatchewan – Retail & E-commerce
GTEC has completed and submitted to the Saskatchewan Liquor and Gaming Authority (SLGA) all the required documentation for a retail license. The Company is currently finalizing the following: construction of its retail storefront in Nipawin, construction of its e-commerce fulfillment warehouse in Saskatoon, and completion of its e-commerce platform. The Company anticipates both the warehouse and e-commerce platform to be operational in Q4 2018.
Manitoba Retail – 7 Locations
GTEC had submitted a proposal to a Request For Proposal (RFP) issued by the Province of Manitoba for 7 retail locations. On September 28, 2018, GTEC was notified by the Procurement Services Branch that it had passed the initial screening and has been included to the pre-qualified list for the opportunity to enter a lottery for a cannabis retail store licence. A lottery date has not yet been determined.
British Columbia Retail
GTEC is actively pursuing retail opportunities in the Greater Vancouver area and Thompson-Okanagan region. The company is seeking to establish a total of 8 retail locations in the province of British Columbia.
Management Commentary
"Canada has established itself as the world leader in Cannabis legislation, and with legalization less than a week away we are extremely pleased with the rapid execution of our retail teams," said Norton Singhavon, Chairman and CEO of GTEC. "Once the doors to our first retail locations open in the coming weeks and months, we will have successfully executed our vision of becoming one of the few companies that have achieved full vertical integration, controlling the entire value-chain from seed to shelf. This methodical approach will allow us to deliver a quality end product to consumers while eliminating significant inefficiencies that exist in traditional supply chains."
About Cannabis Cowboy
"Cannabis Cowboy" is a team of revolutionary pioneers blazing a trail for recreational cannabis retail in Canada. Legalization is fast approaching, and the team has been rapidly growing to meet the demand for recreational cannabis products and services. Cannabis Cowboy has developed an ambitious growth strategy to develop up to 30 turnkey retail locations in Alberta, with an aggressive real estate acquisition strategy for retail locations in the British Columbia and Ontario markets.
www.cannabiscowboy.ca
(please note, that there are no affiliations with Cannabis Cowboys, which is an illicit black market online dispensary)
About GTEC
GTEC was founded in 2017 to capitalize on opportunities in the nascent and rapidly growing legal cannabis industry. GTEC is a public corporation listed on the TSX Venture Exchange and based in Kelowna, British Columbia. GTEC is focused on growing premium quality craft cannabis in purpose-built indoor facilities. GTEC currently holds a 100% interest in GreenTec Bio-Pharmaceuticals., Alberta Craft Cannabis, Grey Bruce Farms, Tumbleweed Farms, Zenalytic Laboratories, and Spectre Labs.
To view more about the company or to request our most recent corporate presentation, please visit our website at www.gtec.co.