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Nobody believed the Bux projections. That's just silly memes now. That's not to say that GRN isn't going to be valuable. Haven't seen anyone seriously dispute that yet. Facts still point to many sources of revenue coming into this ticker soon.
Pretty sure he's cruising the strip in his McLaren, towing his other McLaren.
How do you get fraud out of this? The first thing we've learned, is that PBC is verified as an actual company doing actual banking business. Big business. THAT has been a talking point for months. Guess what peeps, it's real.
They have a lawsuit where someone requested payments from their deposits that equal much more than they actually had in deposits and the payments didn't fulfill. Not surprising.
This thing will settle out. The SP will likely take a hit Monday, but there's nothing here that suggests GRN is not what they say they are. It really kinda validates a few things.
Nobody ever bought GRNF based on their current financial reports. If you dive deeper, it's a reporting shell company. The whole world knows it infers nothing to their future potential. Plenty of other DD to focus on.
You miss the point.
There is no basis for that analysis. Facts reveal quite the opposite actually. Are we just going to ignore that the companies GRN Funds owns actually exist? Come on. You could say they aren't worth much, because we don't know yet. It could be possible. But you can not say it's a scam without evidence of such. Scams typically involve the scammer profiting from shareholders. Has that happened? Will it happen? Based on what I've seen so far, DOUBTFUL!
And, honestly, the stock price does not back your theory either.
So you know that GW doesn't sell weed, right? They are pharmaceutical company with a cannabis derived CBD product that has federal exemptions for sale in the US. This has nothing to do whatsoever with the medical or recreational marijuana market.
So looks like Drone Squad has some competition.
https://dronedeliverycanada.com/
I'm not getting my hopes up that drone delivery will work here. But, I am encouraged that this is not just some toy they're playing with (which is my former opinion). Other companies see the potential as well.
Yes, there are companies that provide the CC payment services. To the customer you don't see any difference. But to the merchant, it's very different. All I'm saying these are not your typical processors you see places like Walmart or your gas station use. They charge a much higher fee to the merchant than average, and you have to use an approved bank they have a relationship with (think about that relationship between PMP and PBC, both owned by GRN). I'm not sure people realize that all companies are charged around 3.5% for every transaction on a CC. For cannabis, using these high risk merchant processors, it's closer to 7-10%.
I don't see a scam here. It's a legit RM that had some bumps in the road to get completed. Forget about Clancy or Liz. They're gone. Doki looks compelling, as does Hyperion. No reason not to hold for news and filings. I certainly wouldn't take a loss at this point unless you're desperate.
There is absolutely zero chance any big boys jump in until it's federally legal. That will happen in how many years? Ever? Even then, they won't jump in right away. Remember, these are mostly international companies and they would be very very cautious to do anything that might alienate their customers.
It is not up to VISA or MC or your bank whether the dispensary can take your credit/debit card. It is up to the dispensary's merchant processor. These are set up in their point of sale systems. The chip in your card is read by merchant processors and then sent to the credit card company to process payment. Companies like World Pay, Square, Merchant One, these are where the transactions are initiated and the majority of them do not allow their service to be installed on cannabis related point of sale systems. None of the major/most reliable ones do.
There are a few, very few, that allow or specialize in high risk transactions like cannabis. Pacific Merchant Processing is one of them. Colorado probably has more than other states, but the number of quality processors for this market is extremely limited. The market is ripe for GRNF to take some market share in this industry. Once the merchants are signed up (the application requirements are quite lengthy), they are not very likely to leave, regardless of the legal landscape.
Don't let one word cloud your vision. Visa, Amex, or Worldpay aren't banks either. Yet they offer financial services to companies. PBC offers similar services (and some they don't) to high risk companies that the major players don't accept.
Keep in mind this is not a retail bank. They service businesses, not the general public. There's a form to inquire about their services, if you're interested.
It's still processing. The last step after posting the QB certification doc is to pay the $12,000 annual fee. I would imagine it'll be official this week and we'll see a PR very soon.
https://www.otcmarkets.com/files/OTCQB%20Application%20Guide%20for%20U.S.pdf
That's their legal name, yes. You'll see it on tax forms, court docs, etc.
I think they've upgraded to a cushy office tower though.
Trade names are used all the time. Most states call it a DBA 'doing business as'. It's common. It's legit. And PBC is most certainly a company.
My shares are still green and getting greener. Weird.
Looks like everything is coming together.
GRNF still working hard. New investor page up. Getting ready...
https://www.grnholding.com/investor-relations/
Hmm. Sounds fishy.
Pretty sure what you posted is good news. Srsly.
Why do you say that? If you read it, the rule changes appear to be loosening requirements for research cultivation in order to allow new cultivators beyond the 1 currently approved. They have 35 applications seeking approval.
There's nothing in there about taking control of cannabis beyond what they already do or don't do. It only address federal research, in a positive way. They still maintain a hands off approach for states that have legalized.
The virus pot boom is in full effect. Seeing big sales increases reported from multiple companies, including this one.
He took Rigworx public to facilitate raising money. This is not totally unexpected.
What's more worrisome is the recent drop in oil prices.
You can double the OS right now and still be worth over $3-4/share easy if their value is anywhere close what I suspect. $10+ is not out of question. I've never subscribed to the $500/share theory though.
GRNF could very well have substantial assets after the acquisitions. 1B, 500M, 10K, who knows? It's not public info yet. No one knows the value at this point. Many guesses and opinion though, as much as those are worth.
GRN Funds, which retains control of the hedge fund, is staying private and not relevant to us, as far as I can tell.
To say there's zero assets coming here though, as some have, is kinda silly, IMO. Plenty of evidence to the contrary.
The final pump? How is he going to get the SP higher without following through on the acquisitions? Is that the pump? Providing the company with assets worth far above what the current cap suggests? He's followed through on everything so far, so bring on the pump. All of it. lolol.
I disagree. Your opinion is not conclusive.
JC was not interviewed or consulted for that article. The errors are theirs, not his.
And the article does say investors are still waiting for the 8k and GRNF has no assets or revenue and is debt free, so your story is not entirely accurate either.
Completely fabricated fantasy trash is what you just posted. No evidence of any of that.
Mock away. But he's obviously working on bigger things. :)
2/3 of the pot stocks on my watchlist took a bigger hit today. I'd say we did ok.
Disagree about the no reason part. I have a coworker who has a house 40 minutes away and an apartment 5 minutes away. He stays at the apartment during the week because the traffic will drive you crazy. I think that's a little insane, but he has the money and says it's worth it.
Also, I believe your opinion about his plan is wrong. 100%.
Nice story. ?
Once some news hits we'll get some activity. Just waiting...
He also would lose controlling interest if he sold any significant amount, given the current AS. Who sets up a share dump scheme and then creates no mechanism to administer the dump?
That's a ridiculous statement. These OTC pot stocks would disagree.
Curaleaf
Trulieve
GTI
Tilt
Cresco
Medmen
Harvest Health
Acreage
Charlotte's Web
Columbia Care
ALL did over 20M revs last quarter. 3 did over 60M. Granted, only one of those is profitable, but they are not SCAMS by any measure.
They could very well be. Yes. Need to see the 8k before I can make that determination. Hopefully soon.