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Thanks.
Prior to all the Martello hype this is what I posted...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149731299
I think this is the one!
Whats the bid/ask on this?
Is this truly the same company?
Is this the same Martello that Bruce spoke of because I see that the CEO's are 2 different people.
The CEO of Martello that Bruce was associated with, his name is John
Proctor.
https://obj.ca/article/martello-shares-spike-linton-spotlights-ottawa-firm-after-canopy-growth-exit
The CEO of this particular Martello according to OTCmarkets is Greg Amor.
https://www.otcmarkets.com/stock/DRKOF/profile
IMO, the main problem is John Vu.
He clearly presents a conflict of interest for shareholders.
John Vu and Jimmy are business partners as Founder and Co Founder of Hempistry. John Vu is also the toxic financier behind all this "funding".
How can you loan your business partner money...more importantly, why would you even consider funding your business partner if you are truly partners; doesn't make sense (cents). You could possibly ruin your Hempistry partnership over money.
The SEC will see or probably already sees these ties and are more than likely not to sign off on the S1. Hence post...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149745095
"Being in OTC is not easy to get funding and SEC has not been kind to broker dealers who’s accepting deals listed on OTC."
John and Jimmy are in this for their on personal gain, especially John Vu. They really have no regard for shareholders.
Also, if venture capital money was ever thrown here, which I strongly doubt would ever happen because nothing unique is happening with this company that isn't already happening elsewhere with a more established company, the venture capital firm would have the power to get rid of Jimmy or anyone else for that matter, just like the Canopy situation.
IMO, it's too late for Jimmy and Co. to gain any market share. The game is already over populated and being 2 years behind the competition is not good. Imagine them having this done in 2017...they'd more than likely be an industry leader.
They ripped off a lot of people who bought at those .30's and .40's, based on all those phony PR's; people don't forget. It will be hard to gain any investor confidence. #untrustworthy
This is the reason for the slight run...FIFG is quietly getting some publicity.
https://finance.yahoo.com/news/cannabis-stocks-plenty-green-ahead-171557569.html
I've been posting this link everywhere.
Cheers! I hope you reach your exit point!
Only a few can be traded and only via customer service executing the order. Can't do it on my own via thinkorswim.
Thanks. Contacting them now.
I don't think so...just tried to type in TSX symbol WEED in my TD Ameritrade and an error occurred.
A few sleepers on the list...
https://finance.yahoo.com/news/cannabis-stocks-plenty-green-ahead-171557569.html
https://finance.yahoo.com/news/cannabis-stocks-plenty-green-ahead-171557569.html
A few sleepers on the list?
CGC trading at 80x multiple...time for a correction?
Moviepass website down. Be prepared for triple zeros tomorrow.
LOL. Good point.
Maybe he means at today's price.
200,000,000 x .029 = $5,800,000
$5,800,000 + $800,000 = $6,600,000
@ 20% $6,600,000 is 1/5
$6,600,000 x 5 = $33,000,000
So I guess the deal is worth $33 mil at the current price. K&J deal is only worth $12 mil. In other words, deal won't happen.
"...We are making efforts toward the purchase,..."
That comment right there clearly contradicts, (paraphrasing) "We are now recognizing Bizright revs". Not to mention all quarterlies pretty much contradicted "we are now recognizing Bizright revs".
One would have had to buy on the 24th, at the latest, and hold through the 26th to get the dividend. The stock price on the 24th and prior was in the 18.50 and higher range. The stock price on the 27th was $17 and less...so everyone pretty much either is at a loss or break even with the dividend...only a savvy trader was able to make a profit on the trade and get the dividend, which by my calculations would have only yielded a 1.5% profit.
Yeah I was excited, then reality set it. 23,000 acres was too good to be true; now I'm seeing 2600 acres is also too good to be true. Because I discovered VFRM which has 140 acres with a distribution deal with Kroger, and CVS, not to mention smaller retail outlets. And they are trading at $1.40
100 + acres is a big deal and for SGMD/Hemipstry to say they have 2600 and not touting it, I call BS.
Also, VFRM has an actual physical brand in stores.
The following article further explains that brand is more important than the land because eventually hemp (and MJ once legal) will trade as a commodity, making publicly traded farms irrelevant not to mention highly competitive, because commodities traders are bidding on hemp/mj as a whole not specific farms. Product is everything and SGMD has no product, no brand. I'm all about finding tickers with actual product and ones that Wall Street likes. If Wall Street doesn't like you, you don't have a chance.
https://www.marketwatch.com/story/heres-where-the-big-money-in-marijuana-stocks-will-be-made-2019-07-02
LOL. That never gets old.
The annual isn't due until September 30...they have 90 days with an annual versus 45 days with a quarterly. And there won't be any Bizright revs on that because the fiscal year ended June 30 and as of today, they are still delayed with "funding".
Most attorneys won't take a case unless there is a lead plaintiff with a loss of $100,000 minimum.
If your loss is not that huge, I'd move on. There are too many other options out there to be stressing over this ticker.
There are plenty of farmers and growers who've already established themselves as industry leaders and therefore have their established equipment/supplier representative. I can bet those millions of said revs that Bizright brings in, Sky brings in and Hydro4less brings in are all lies. Lies protected by "forward looking statement".
If history is an indicator, I see SGMD follow the path of MCOA. MCOA filed several S1/A's two months ago. Now they are about to implement a reverse split.
SGMD just filed an S1/A, by the end of the month, they'll probably file another S1/A (same pattern as MCOA who's also dealing with John Vu (K&J)). By the end of September the stock price will be sub penny forcing the company to do a reverse split just to stay QB.
All my opinion of course.
At Kroger alone (945 stores), if VFRM sold just 1 jar of topical for $40 for 90 days (1 quarter) that would be revenue of $3.4 million.
That's just selling 1 per day, per Kroger stores, per quarter.
You add in multiple jars per day sold and multiple big box retailers and you're bringing in some good numbers.
On 1 jar per day, per Kroger stores that's $13.6 million in annual revs; add a valuation multiple of 10 and that's $136,000,000 market cap on 1 jar per day, per 945 Kroger stores.
Point is, at the current market cap of $172,000,000 VFRM is undervalued big time. With the shelf space they have surely they can sell at least 2 jars per day for a $272,000,000 MC. Lol
I'm guessing MCOA is doing a reverse split in order not to get kicked back to the Pinks. If SGMD continues to slide into sub penny territory, I'd expect them to do a RS too.
Back in May MCOA filed a couple of S1/A's pertaining to K&J...for me, K&J is nothing more than a toxic financier borderline scam artist, with all the CEO's in on the scam. John Vu honestly should be investigated.
LOL. Regal and AMC has pretty much made MoviePass irrelevant.
Not to mention the summer movie slate is among us, and they can't afford to cover those costs. Moreover, RS was probably denied by FINRA and/or the SEC.
IMO, since edibles are still illegal, this stock has a ways to go before it actually has any relevance. However, Canada is set to legalize edibles in the next few months.
While the FDA ponders what direction it plans to take on CBD edibles here in the US, 1st Food should be looking to do a reverse merger with a Canadian shell to take advantage of Canada's upcoming legalization of edibles.
There appears to be a sleeper in this article...Veritas. Thanks Benzinga!
https://www.benzinga.com/markets/cannabis/19/07/14028616/cannabis-stocks-with-plenty-of-green-ahead
Just came across this article on my TD Ameritrade news feed that was under CGC (Canopy Growth). I don't know why it didn't present itself under the VFRM feed as well. Nonetheless, VFRM is a sleeper.
https://finance.yahoo.com/news/cannabis-stocks-plenty-green-ahead-171557569.html
https://www.benzinga.com/markets/cannabis/19/07/14028616/cannabis-stocks-with-plenty-of-green-ahead
Thanks for the heads up...just checked and I got mine too. TD Ameritrade.
Honestly, Bruce was the face of the whole industry. Hopefully he takes a gig at a company trading at around $1 so I can cash in. LOL
My broker told me last week that the US shareholders payment will probably be delayed due to Canopy being a Canadian company and also due to the holiday. Might not see it until next week.
The curtain is officially closing...Regal is getting into the game. No more middleman necessary.
https://techcrunch.com/2019/07/02/another-major-theater-chain-is-reportedly-working-on-a-moviepass-competitor/?yptr=yahoo
I guess they are improvising as they go along. I wonder what will cause the next "delay"?
The face of the company is gone. How does this affect the Acreage deal?
That deal is currently losing value. Will next CEO abandon the deal? Happy Fourth...early FIREworks.
I wonder how Cramer feels. LMAO!
Acreage made out like bandits...a free $300 million.
Bruce made the wrong acquisitions. He should have bought every farm in Colorado. Especially the ones with big box retail space...which is nationwide distribution.
All good, but the sales numbers won't show up until next Q.
A real "Made In America" announcement would be a distribution deal with an American retailer like Macy's. LOL
Stock won't budge on such news, might even drop.
What broker do you have and what country are you in?
Didn't receive mine.
Wow, Bruce is out of here!!!
I hope I still get my $2.63 per the Acreage agreement. LOL
LOL, more delay per s1/A.
"The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine."
Also noticed a "maximum" price of .09.
The investing public doesn't know about this company because the MJ sector is over populated. Hopefully this gets discovered soon. It's dead here.
Almost 2 million in volume in the first hour and RED. Someone dump?
OKay. Thanks. I'm with TD
Don't take it personally. Just pointing out how crooks operate. Especially broke CEO's who lurk and prey on the gullible OTC retailers. LOL