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I think the addition of Nilda Rivera is an outstanding one. When I tried to hunt down more info on her I didn't come up with much (besides the fact that she's held a few TOO many positions at different companies), but her experience at Aurora is bound to be beneficial to Liht. I am impressed that Liht was able to lure her away but at the same time I wonder why she moved on from Aurora in the first place.
I'm not so sure about Hanspaul Pannu being promoted to President from CFO. I presume that he is capable and he's been touted by other Liht executives as a leader, but like Rivera he has a fair number of positions on his resume and I wonder why. I understand that one may be CFO for multiple companies, but it's unusual and takes away from focusing on one goal and a unified objective.
I like stability. I like reliability. I like employees who are happy and energetic and do a good job for years that evolve into decades. Perhaps Liht has shuffled their board enough to settle into that type of leadership team, but I don't like seeing constant shifts in personnel. An exception to that dislike is when someone like Nilda Rivera comes along and can provide the type of value (and hopefully integrity) that her predecessors lacked.
More importantly, I find the nearly 50% decline in share value over the past two months nearly unacceptable. 15%? Sure. 25%? Maybe. 50%? Ouch. I haven't changed a thing with my holdings, but I need to see more news releases about growing and curing, future packaging, preparation for selling, and concrete evidence of new building progress (not talk, but verifiable evidence). Yes, we may still be a couple months away from seeing true upside and I'm banking on that, but with a weekly harvest and Mohamed's statements about monthly reporting on that, we are now due for another report.
The shorts are once again in control of LIHTF stock. The share volume sucks and the only way to change that is to generate good news through good reports. I still believe in the company and its long-term prospects, but I'm just a little overanxious to get there. Or at least demonstrate that we will get there eventually.
Lol, this is awesome. As expected (and hoped by many), Liht got rid of Linda Sampson. Not sure this completes the "cleaning out" process, but I am 100% certain that Liht intends to be taken seriously as cannabis farm. Don't know whether the stock price takes a hit tomorrow (interesting that the announcement comes on a Thursday), but in the long run everyone on this board should acknowledge that this was the right move to make.
"Temporarily withdraw" my ass.
Symbol CAAOF, thanks vinny. It's on the grey market and only been there for a couple weeks, so I can't trade it at all on TDA, but I put it on my watch list for the future. The announcement of February 22 is a mess of Class A and Class B shares and a confusing tangle of reverse splits, delisting of their old symbol, extended warrants and other junk. Seems like a company to keep an eye on though...we'll see where it goes.
Just to be clear, Cannabis One Holdings, Inc., has nothing to do with Cannabis Science, Inc. (CBIS on the OTC BBN "Pink Sheet") which I've had on my watch list for years and have deemed "virtually worthless as this time." Cannabis One is not traded in the US...though that may change in the future. It is traded under the CBIS symbol in Canada and in Canada only.
Cannabis One has been rapidly expanding and gobbling up brands left and right (they are self-proclaimed as the "House of Brands"), including Cheech's Private Stash (yes, Cheech of Cheech and Chong) just last week in a 3-year licensing deal.
Bottom line, Cannabis One has essentially bought the California holdings of Liht for $350,000 in CBIS stock (for 51% of the holdings), which must be held for 12 months by Liht. Cannabis One can buy the other 49% of Liht's CA holdings anytime in the next five years at fair market value, which could rise with Cannabis One's involvement. Since Liht still holds 49% of the CA holding, it should benefit from Cannabis One's leadership of the property.
As stated in the article, Cannabis One's involvement essentially releases Liht from the maintenance and oversight of CA's Green Leaf Wellness, which will be rebranded as The Joint. It allows Liht to focus on operations in Nevada, Washington and British Columbia. While I'm a bit sad to see Green Leaf Wellness go away, it was clearly not a point of focus for Liht and its rebranding under another company's control helps Liht streamline its efforts on the things that have the greatest potential for Liht.
Overall, this is a good deal for everyone involved. It will be interesting to see the impact it has on Liht moving forward.
Everything Liht does demonstrates their concern for shareholder value, from extending the warrants to purchasing or exploring innovations that optimize cannabis production and quality. If I owned a million warrants that were about to expire virtually worthless, would I want Liht's board to extend the deadline? Hell yes, and I'd be pissed if I knew they could but they didn't.
Bottom line, LIHTF is a virtual unknown in the cannabis industry. They have much to prove over the course of the next three years compared to the previous three years. Demonstrating that they do not simply run roughshod over people who had previously shown belief in the company is part of the trust they must build...that would include current shareholders.
This process doesn't happen overnight, but the things they've been doing the past six-to-nine months show that they are on the right track. My head isn't in the clouds and there is risk inherent in all investing, but I like what I've seen from leadership and like what I see in operations. The fact that someone could stand 200 yards away from the Las Vegas farm and be intoxicated by the smell of raw marijuana growing (or curing) in the building devastates all the idiots claiming "they're not really growing anything!"
Shorts will continue to harp on the negative and ignore the positive developments. My main concern is the same as it has always been...share volume. It's why we're still on a rollercoaster and why there's still such an enormous spread in the bid/ask price. But volume will come as Liht continues to prove that they're not just talking anymore...they're actually growing, in more ways than one.
I wrote about this less than a month ago and warned people that a full drying and curing process can takes months to complete when done properly, as shown at this link: https://www.leafly.com/news/growing/drying-curing-cannabis.
Which is all fine. Normal. Expected. Professional. Required. Anyone who is up in arms about processing or sales needs to chill out and wait for the dawn of summer. The stock price has been and will continue to be a rollercoaster. I wouldn't really care if it went down to 11 cents again, though obviously I'd prefer it to break .30. Liht is coming together and there's plenty of good news to come out in the next several weeks, but it will be a little while before we see real revenue documented in real reports.
It's understandable that investors would squawk about Liht's ponderous movement over the past several years. Things just weren't getting done, yet there was a lot of talk from Liht (and Marapharm) about getting things done. I get all of that and I'm glad I didn't invest $100k when the stock was in the .50s or .70s or higher. Good lord I'd be pissed.
And I've been upset, on and off, in the last six months since I began investing in LIHTF. At one point in December, despite my supposedly good timing, I had lost over $50,000 of my $100K. But I didn't sell a share because in the past few months, certain facts and trends began to emerge. Clearly, the new CEO is set on turning things around, and there is some new management and old management that are getting on board (actually have already gotten on board).
I suspect that certain bullshit shenanigans were going on a year ago (and longer ago) with some management personnel that have been rightfully exiled from the company. In a sense, the ship has finally been righted and is now setting sail towards a future that, frankly, is very hard to replicate with other fledgling pot companies.
Yeah, there are a ton of projects in the works. Some may fizzle out. Some may be sold. But if even half of them come to fruition, we'll have more fruit than we know what to do with.
Look, I'm an idiot, but I think even I could begin guiding Liht towards a successful future at this point. Right now they are doing things the right way. Right now they are generating actual revenue that appears more profitable than most. Right now they have very positive movement in multiple initiatives that had struggled a long time in dormancy. Not so a year ago (though the seeds were being laid).
To some degree, being "late to the pot game" brings advantages that weren't so obvious early in the game. Like the LED lighting and the growth monitoring science. Whether by planning or by accident, Liht is able to test their growing and commercialization activities on a small scale prior to ramping up exponentially to larger scales.
Were they the right company 18 months ago? No. Did they make some bad mistakes? Oh yeah. But did they fix the issues? Did they learn what didn't work and change course? Did they finally nail down the right combination of personnel, science, planning and strategy? The answer to that is very close to yes. It may still move a little slow. They already diluted the company a bit too much, and they'll have to pay for historical mistakes.
But I think now they see the light at the end of the tunnel. The light is growing brighter and helps illuminate the obvious things they need to do in order to continue growing their small successes. This is exactly where you want to be. I know I am exactly where I want to be.
Having 3rd-party media coverage of Liht is a critical step in bringing additional attention to the company and attracting new investors. The article I posted was written for InvestorIdeas.com and featured on their "Editor's Picks" page.
That in and of itself was not a great accomplishment, but already this morning the article has been picked up and republished by Market Watch, stockguru.com and Yahoo Finance. Now that captures some eyeballs!
It also leads to the possibility that other major media outlets may develop articles about renewable energy and sustainable practices within the cannabis industry...which are significant topics of interest to a broad spectrum of the population. There is no question that Liht being the only Nevada pot farm with all three organically grown certifications sets it apart in the marketplace. It only makes sense that they will be contacted again by other media outlets who want to cover this topic.
Any time you can get mentioned in an article with Aurora Cannabis for "doing the right thing" has to be positive exposure.
MEDIA COVERAGE: #Cannabis and #Cleantech; The Green, Clean Machine of The Future: (TSX: $ACB.TO) (NYSE: $ACB) (OTCQB: $SING) (CSE: $LHT.C) (OTCQX: $LIHTF) (CSE: $HUGE.C) (OTC: $FSDDF)
Point Roberts, WA and Delta, BC - February 27, 2019 (Investorideas.com Newswire)
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the growing interest in renewable energy and sustainable practices within the cannabis industry, sparked largely by high demand, high energy usage and a need for companies to lower costs and improve efficiency.
For Millennials that are known to be big investors in the cannabis space but also wanting to invest in sustainable technology for the future, this may be the perfect blend. According to recent data, "Aurora Cannabis outpaced Apple as the favorite stock on Robinhood, a free-trading app popular among millennial traders."
"Legal cannabis cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity a year," according to the 2018 Cannabis Energy Report, published by Scale Microgrid Solutions, along with New Frontier Data and the Resource Innovation Institute.
"That's enough to power the whole of Newark, New Jersey or Anaheim, California," the report states.
Aurora Cannabis Inc. (TSX:ACB.TO) (NYSE:ACB) has been aware of this need for energy efficiency since 2017, having partnered with Flora Fotonica through the company's subsidiary MedReleaf.
With the company building large scale facilities such as their Aurora Sky, an 800,000 square foot facility and Aurora Sun, a 1,200,000 square foot facility, the need for energy efficiency is paramount. The Aurora Sun facility, located in Medicine Hat, Alberta which receives more than 2,500 hours of sunshine per year, makes a perfect candidate for solar.
SinglePoint (OTCQB:SING), a company with a portfolio that includes mobile payments and ancillary cannabis services, is taking note of such large scale energy requirements having recently announced signing an asset purchase agreement to acquire Direct Solar and AI Live Transfers. The two companies are providing what has been described as ' the Lending Tree Model for solar business'. With the proposal of The Green New Deal, solar is at the forefront of every conversation and will continue to be top of mind as the nation grows through an ' energy shift' to renewable resources.
Total installed US PV capacity is expected to more than double over the next five years, and by 2023 over 14 GW of PV capacity will be installed annually. This represents a major opportunity for SinglePoint and Direct Solar to exponentially grow and establish a leadership role within the new segment of the burgeoning solar industry.
Direct Solar is able to move into every state quickly and efficiently because of the proprietary online education technology the company has developed. SinglePoint plans to utilize this edge to pitch cannabis businesses on the opportunity to save money and increase margins with lowered utility costs through the use of solar.
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) has focused much more on sustainability, having announced earlier in the month that each of its cultivation facilities in Las Vegas, Nevada have now achieved three organically grown certifications from EnvirOganic, Certified Kind and Clean Green. The Company received its third certification from Clean Green Certified, a program modeled on existing national and international agricultural standards that ensures environmentally clean and sustainable methods, comprised of three parts: legal compliance, review of cultivation methods and agricultural crop inspection.
Liht also announced selecting the innovative Agnetix liquid cooled LED lighting system for its British Columbia, Canada cultivation facilities, including newly announced 486,000 sq. ft of high-tech indoor cultivation facilities.
Using the Agnetix system's unparalleled power, advanced controls, and monitoring features, Liht expects to improve its yields while saving over 50% on energy costs vs. traditional systems.
"Our cutting-edge facilities draw a tremendous amount of power for lighting and HVAC systems. With the Agnetix system, we expect to see an immediate cost reduction in our energy bill and a more efficient operation," said Richard Huhn, Director of Liht. "We have also logged very positive plant-health results using these lights and we are excited to start the new grow."
FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) is also showing interest in solar and renewable practices having signed a non-binding letter of intent with Solarvest BioEnergy Inc., in which Solarvest would conduct research using its algal expression technology to develop pharma-grade cannabinoids.
Solarvest plans to develop and carry out a research project using its algal expression system for the purpose of developing a proof of concept that algae can express the Project Cannabinoids..
It seems all too obvious that with the high energy requirements, a strong need for cost efficiency and high yield production and a strong societal link to counter-culture and naturalist views, that the cannabis sector will have to endorse "green tech" sooner rather than later, and early movers like Aurora and SING may have the edge in what is fast becoming a greener future.
I see them on Yahoo's page for LIHTF at this link:
https://finance.yahoo.com/quote/LIHTF?p=LIHTF&.tsrc=fin-srch
So I'm not sure what you mean by the announcements are not getting out on Yahoo. I used to be on Yahoo's financial site quite a bit...but haven't hung out there much lately.
After considerable bitching to TD Ameritrade (including by me), TDA now has all of the press releases promptly incorporated with their LIHTF page. I see the PRs on several other sites as well, including Trading View and other brokerage sites. I do believe that more work needs to be done, but it's a helluva lot better than it used to be just a few months ago.
There is still no LIHTF page on Stock Twits, though, which is a bummer because I have been know to post there on certain companies. Stock Twits covers almost everybody and Liht should have a page there. It's a lot of fun to watch people lose their minds over shitty companies like Magnegas (Taronis). Liht's page will happen when it happens.
Well, waiting until 30 cents a share before praising the company would be a disservice to people who want to learn about it and hear company news while the stock is still in the 20s. It's utterly counterproductive. I'm not waiting until the stock goes up 50% before talking about it.
BTW, 1,630,800 grams = 3,600 pounds. This annual production is better than their Las Vegas operations. As stated before, things are going to look very interesting in 6 to 9 months here.
As for a takeover, it would have to be a hostile takeover at this point in time as I'm sure Liht has no interest in selling out at 50 cents a share. Someone here said Linda Sampson is driven to get the stock back over $1.00 US per share. Liht might be interested when someone could offer 2 bucks a share.
But, when you think about the best-case scenario, there's reason to believe that if management doesn't fuck it all up (like issuing 90 million shares at the wrong time), Liht could easily get 5 or 6 bucks a share from an acquiring company, which is still roughly a $1.3 billion to $1.5 billion market cap (CGC is $16 billion, Cronus is $4 billion). This would require a ton more building and a ton more revenue, so that is way down the road (LND2 would say not that far down the road).
By that time, believe me, Liht would be recognized throughout the industry as a skyrocketing company and be mentioned in the same breath as the other bigwigs in marijuana. Of course, anything can happen at any time; but it only makes sense to hold on long after Liht hits 30 cents or even 40 cents a share.
When you start hiring 15 people to manage your weed production, you know you're making progress.
NEWS: Liht Provides an Update on Current Developments in Celista, BC
February 27, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the “Company”) is pleased to provide an update on the development of its state-of-the-art cultivation facilities in Celista, BC.
Construction of the first of ten 10,000 sq. ft buildings is nearing completion. Equipment installation continues and we remain on schedule for completion May 2019.
Each facility will include four 1400 sq. ft. grow rooms, a nursery for breeding, vault, four drying rooms, offices, and areas for quality testing, processing, and packaging of premium organic cannabis products.
Subject to the receipt of a cultivation license from Health Canada, Liht will commence the cultivation of cannabis.
Each 10,000 sq. ft facility will have the capacity to grow approximately 1,630,800 grams annually.
Construction of the second building also remains on schedule. Steel framing is complete, crews will begin installation of siding and doors, getting it to lock-up by mid month.
The Company has sourced an alternate to concrete foundations, which specifically meets the new Agricultural Land Reserve (“ALR”) regulations for the remaining eight buildings, which are microbial and bacteria resistant. We look forward to announcing the details in the coming weeks.
At the start of operations, we anticipate the creation of 15 full and part-time jobs, drawing from a diverse employment base from the long established communities of the Columbia Shuswap Regional District.
Once all ten facilities are fully operational, Liht expects the number to increase to approximately 100 full and part-time jobs, making Liht a valuable employer in the area. To be considered for future positions, please upload your resume at: lihtcannabis.com/careers/
NEWS: Liht Cannabis Corp. Provides Shareholders Update On Harvest – Las Vegas, Nevada
February 26, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the “Company”) provides an “in-progress” update on the Company’s first harvest in Las Vegas, Nevada.
On February 6, 2019, the Company began to harvest the first of its cultivation rooms, commencing a perpetual weekly harvest cycle. Our year round perpetual harvest cycle allows for continuous harvesting, creating steady production capacity and constant generation of revenue.
The multiplex process of harvesting, drying, trimming and testing has begun and remains in progress. The first 5-pound lot samples will be sent for mandatory testing this week to meet the State of Nevada’s regulations before distribution.
Photos of product at this link:
https://lihtcannabis.com/news/liht-provides-shareholders-update-on-harvest/
Left – Prepared Dry Room. Center – Flowers being de-leaved for drying. Right – Harvest hanging to dry.
Kurt Keating, Director of Operations, reports that the team has harvested close to 1000 plants to date, producing over 335 lbs of wet weight. They are on schedule to complete the last two rooms by March 6th.
Available for the first time starting in March, our flower will be packaged and sold as a triple certified, organically grown product which will demand top-shelf pricing. The crop strains are: Bubba Kush, Moonshine Ghost Train Haze, Amherst Sour Diesel, Skywalker, and Lemon Skunk.
Distinct branding for our product has been designed and developed. Recyclable glass bamboo packaging has been selected to best preserve the product, prevent leeching of contaminants and to allow consumers a clear view of the product. Both branding and packaging are awaiting final state approval.
The Company looks forward to announcing the brand name and availability, shortly.
“This first harvest signals the advancement of our objectives for the cultivation and processing of triple certified cannabis. Our cultivators have focussed on bringing out the fullest expression of the genetics and have produced premium cannabis with exceptional aroma, flavour and effects.” Linda Sampson, President & COO
“We have been driving hard to get to this point in our operational schedule. We are excited to turn the corner on our development and start-up phase and enter into our revenue generating phase. Consumers and Investors should feel confident we are doing all that is possible to get to market as fast as we can without jeopardizing quality.” Kurt Keating, Director of Operations
Liht's earnings report for the latest quarter comes out this Wednesday. While there won't be a ton of revenue to report, I imagine this will give Liht a chance to talk more about future revenue and other initiatives. Does Liht conduct news conferences after their reports? I didn't find evidence of any on the net and only hope they do. They finally have some really good stuff to talk about.
The next quarter's earnings report will begin to show the financials improving, and then the one after that will show a full quarter of revenue from the Vegas farm. The next six to nine months should be very exciting.
This type of news justifies the investment Liht has made in high tech lighting, monitoring and other quality initiatives that ensure Liht's products are valued at the top of the marijuana marketplace. The relatively minor expenses incurred by these initiatives will be more than made up for by the revenue generated for every ounce of our crops.
We are only seeing the tip of the iceberg here, people. Replicating this business model across the board and across much larger growing facilities will enable Liht to truly shine in the crowded field of pot farms. I am happy to continue sitting on all my shares with no plans to sell. The most critical thing left to accomplish is increasing the volume of shares exchanged each and every day, and that's something Liht has no direct control over.
NEWS: Liht Cannabis Corp. Earns Third Organically Grown Certification - A First In The State Of Nevada, Establishing Ourselves As A Leader
8:01 am ET February 25, 2019 (PR Newswire) Print
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the "Company") is extremely proud to announce that each of its cultivation facilities in Las Vegas, Nevada have now achieved three organically grown certifications from EnvirOganic, Certified Kind and Clean Green. We have attained triple certification, a first in cannabis cultivation in the state, establishing industry leadership.
https://mma.prnewswire.com/media/825827/Liht_Cannabis_Corporation_Liht_Cannabis_Corp__Earns_Third_Organi.jpg
On February 22, 2019, the Company received its third certification from Clean Green Certified; a program modeled on existing national and international agricultural standards, ensuring environmentally clean and sustainable methods. Comprised of three parts: legal compliance, review of cultivation methods and agricultural crop inspection.
By practicing organic methodologies, we can produce premium product whilst leaving the smallest carbon footprint of any agricultural process. We are committed to the establishment and the long term health of our soil to ensure that our plants are nurtured to their highest potential.
On behalf of our shareholders, Liht wishes to acknowledge the commitment and efforts of our Las Vegas team who fulfilled our promise to provide organically grown cannabis products.
"This triple certification officially recognizes our commitment to human health and wellness through the production of organic cannabis and environmental stewardship.
I commend our team in Las Vegas for being committed to the organic cultivation methods like those employed in US Food Production. Consumers can purchase our product with confidence knowing 3 independent groups, each with their own rigorous standards, have evaluated all aspects of our operations.
We want to ensure that when the USDA Organic Certification is achievable in our industry that we are ready and first in line for this prestigious certification. " Kurt Keating, Director of Operations
I'm not surprised by any of the news in the release, with the exception of 5 pounds of each strain sent out for testing. That seems very excessive, but whatever it is I'm sure it was accounted for from day one. I don't know what is actually needed for testing, but 5 pounds of cured product for each of five strains means that potentially $100,000 worth of product just goes out the door for free. Yes, that is overkill. I would think 5 ounces would be more than enough...depending on the volume of tests (I could see one or two ounces being enough).
This link shows requirements by state for cannabis testing, and the volume required for various tests in Nevada are measured in grams, not ounces or pounds. https://www.leafly.com/news/industry/leaflys-state-by-state-guide-to-cannabis-testing-regulations. I don't think the 5 pound statement in the PR is accurate. It seems more likely to be 5 ounces.
But 200 pounds of wet flower should produce about 50 pounds of cured product (so if they're sending out 5 pounds of cured product for testing, they're sending out half of the harvest, which is absurd). But 50 pounds is more than the 34 pounds I suggested in a previous post that Liht would need to get in order to meet their goal of 1,620 pounds of annual product.
As for six grow rooms and five weeks or eight grow rooms and two months...it's all just details. There is probably some grow room development still going on and I wouldn't count out any possible scenario. The 52 harvests a year statement was made by me and was based on a full year of harvests. Rahim literally told me there would a "weekly harvest" but later said there would be "5 or 6 harvests per room per year." I just extrapolated his weekly statement to mean 52 harvests per year. But it doesn't matter if there's 40 or 48 or even 12...all that matters is what they are netting annually.
Bear in mind that a full drying and curing process can takes months to complete when done properly. https://www.leafly.com/news/growing/drying-curing-cannabis. So it may be some time before we get news about sales. If you're in a hurry for good news about the company, you'll probably be disappointed. In two or three months though, we will begin to see real progress being made. I'm sure we will hear a TON more about everything after Liht's quarterly report at the end of this month.
According to TDA, it's VRTHD. That's just a letter away from their old symbol, VRTHF (the F being indicative of a Canadian company...so not sure why that changed).
I don't know, but Veritas is a company I have invested in before (long since out of it) and I have them on my primary watch list. I know they seem like one of a million similar companies, but I really like their management team and their business model. But it's taken them forever to get off the ground and start running. Don't know if they ever will, but it seems like they are planning to be around for a while.
I see they did a 1-for-10 reverse split and their stock symbol has changed, so I don't think all that is for nothing. It will interesting to see how the reverse split affects their share price. (it's been detrimental to most, but not all, companies). They're a long-term play (longer than LIHTF) but with the brains they've got in leadership, I wouldn't doubt them yet.
LIHT NEWS
Liht Cannabis Corp. Announces Signing of $10,000,000 Non-Dilutive Development Agreement For Its Project In Celista, British Columbia
February 7, 2019, Kelowna, BC
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the “Company”) is pleased to announce, further to news releases dated June 25, 2018, August 21, 2018 and September 26, 2018, the Company has entered into a development agreement (the “Development Agreement”) dated January 30, 2019 with 1186626 B.C. Ltd., a private British Columbia corporation for its project in Celista, British Columbia.
The Development Agreement with 1186626 B.C. Ltd., provides Liht with C$10,000,000 of non-dilutive financing to build-out operations in British Columbia. Funding will be provided in tranches over a two-year period based on certain development and production milestones. The Company is not selling an interest in the Celista project.
The Company has agreed to, over time, pay back the capital contributions, plus interest at a rate of prime plus 5% and 50% of the potential distributable cash from the Celista cannabis operations, if any, for three (3) years after the date that all ten (10) facilities (each 10,000 square feet) are concurrently in full production and fully operational. The estimated timeline to complete the construction of all ten (10 facilities) is conservatively two (2) years at an approximate cost of C$2,500,000 per facility.
The first two (2) 10,000 sq. ft buildings continue to meet early construction milestones.
Building 1
HVAC, plumbing, electrical and security installations are in progress. All equipment installation will be complete in approximately six (6) weeks.
Building 2
Design and construction of the foundation is complete. Erection of the pre-fabricated structure has begun. The building will be complete to lock-up in approximately six (6) weeks.
Construction progress can be viewed at https://lihtcannabis.com/british-columbia/
The remaining eight (8) buildings will be constructed with non-concrete base foundations. The Company anticipates completion to full build-out prior to the estimated two (2) year construction schedule.
Further to our new release dated January 17, 2019, Liht’s wholly-owned subsidiary, Full Spectrum Medicinals (“FSM”), has secured the exclusive rights to the S5 Agro Technology Suite (the “S5-ATS”) proprietary technology. This includes Quick Response Holographic Labeling System, Agro-View, Agrowavetech, Agro-Array. The S5-ATS instruments are so advanced that they have the potential to revolutionize a new standard in agricultural analysis allowing crop insurance to be secured.
Liht will use this technology in all of its cultivation facilities in Canada.
“This opportunity, supported by our propriety cultivation technology, positions us to take full advantage of the organic market once licensed and certified.” Linda Sampson, President & COO
To say I'm not worried about the shorts or any other detractors who post on this (or any other) message board is an understatement. LND2, while we may feel compelled to respond to these ignorant clowns...and rightly should respond to keep investors properly informed...their hollow words will ultimately have no impact on Liht's business.
Liht will experience failures or shortcomings in the future, as every company does, but when we look back one year from now, I expect we will see a road filled with success stories. The company's impending growth and emergence as a legitimate cannabis farm to be reckoned with is essentially undeniable at this point.
As the stories come out and we see, time after time, proof of Liht's success, the trading volume will steadily rise. And trading volume is the key. Selling $10k of stock after the market's been open for two hours is untenable. But in a sense, it bodes well for the stock's future.
Liht is, as we all know, essentially undiscovered. It will only become "discovered" after it makes concrete news of sales and revenues rise exponentially. The timing of the Washington operation is very good, because just as we get used to seeing revenues reported for three or four months, revenues will leap frog to an even higher level with Washington's harvests thrown into the mix. And the skin care product line, if successful, will help bolster revenues.
These things won't happen overnight. But I believe we have the right people, processes, facilities and expansion plans to make them happen. And all the detractors will keep blowing hot air as the real world rewards Liht for a job well done. Lord knows I've gotten on Liht in the past...they've actually pissed me off quite a bit...but now that we are here I finally have confidence that we are on the right track.
Liht's vision of the future is ambitious, and that's the kind of vision needed to achieve exponential growth. What I liked most about the latest news release was this:
"The project will be financed by 1186626 B.C. Ltd with an approximate cost to lock-up stage of C$81,600,000."
Nobody invests that kind of money and simply "hopes for the best." They expect results and have the infrastructure and political power to make it happen. This is a long-term project that will not have immediate rewards, but it's another demonstration that Liht is committed to the Canadian market and will be working to exploit it. And best of all, Liht isn't coming up with the financing!
I could grow 52 annual harvests in my living room, much less in 10,000 sq. ft. of space. Each grow room could be roughly 800 sq. ft. (20'x40'), which would total 6,400 sq. ft. and leave plenty of room for other operational needs. Liht's stated capacity of 1,620 pounds in Las Vegas this year means less than 34 pounds for each harvest, which is only 100-150 plants per room. That would easily fit into each grow room and still have room for walkways!
Stating that 52 harvests a year is somehow unattainable because of the size of the two buildings is incredibly short-sighted. Larger greenhouse pot farms have daily harvests and nobody blinks twice about it. And, in fact, 52 harvests a year is simple brilliance, as it allows Liht to establish a weekly routine of harvesting, curing, preparation and packaging with minimal labor and head count. A weekly harvest means a steady stream of fresh product that is ready for market.
It actually makes Las Vegas a terrific prototype for larger operations. This type of real-world experience will provide many lessons and company guidelines that Liht can leverage for future business.
There will be 52 harvest a year, according to Rahim Mohamed, CEO of Liht. I got tired of the confusion on this aspect of the business, so I texted Ann Hodgson, Rahim's executive assistant, and asked her! To my surprise, my text was returned by a phone call from Rahim himself, who explained the details of the harvests in greater detail.
So the two Vegas buildings have 4 grow rooms each (8 total rooms) and each room has a crop that is timed for harvesting one week apart. Now that they have developed a mature set of crops and additional seedlings are already in place, the total cycle of growth for the 8 rooms is two months. They began their first harvest from the first room last Friday...and will have another harvest ready this Friday...and every Friday after that until the end of time.
So there will be around 48 harvests in 2019 and 52 in 2020 and beyond. Rahim said the nature of the harvest cycle will be explained when they announce their first harvest later this month. They plan to make a new announcement about harvests every month moving forward.
In addition, he said the Washington state farm will be ready for growing in April, after which Liht will be making announcements about two farms every month going forward. And he said the British Columbia operation is moving full steam ahead.
I said we (fellow members of this board) were also excited about the skin care line, PureCloud 9, being relaunched on February 13 and he said the company would have the website launched and sales initiated on schedule.
We only talked about 10 minutes and I didn't want to take up too much of his time, so I didn't ask him about anything else (so don't think that I'm hiding any other information and don't be pissed that I didn't ask). The one thing I wished I had asked was if they had actual sales lined up for the harvests, but that will likely be communicated in their first announcement. Bottom line, I am as excited about the future as I've ever been and look forward to the rest of the year.
I would also like to see that this is the first of 10 harvests Liht expects to have in 2019 or the first of 5 harvests! We still don't have absolute clarity on that and it will make a gargantuan difference regardless of everything else in the report.
Bigger picture: Take a look at the six month chart of LIHTF and you'll see we are either poised to repeat mid-November to end of year 2018 OR poised to take the next leg higher (above 30 cents). It seems absurd to think it would be the former, but any bad news about the harvest (long delay in reporting, smaller-than-expected crop, some other stupid disaster) could devastate the stock once again.
Trade volume is a real concern. The occasional bounce-back notwithstanding, this stock has very low volume and is subject to the whims of a small number of investors and manipulators. We've got to get shares sold well north of a million a day. There are a lot of stocks at our market cap that trade 20 or 30 or even 100 times more shares per day.
If they get a foothold in the skin care product line, I wouldn't doubt it could have great success. I would say never underestimate the full scope of products that are made from weed, from medicines to skin care to recreational drugs. The amazing thing to me...as an "old man", is that this shit didn't happen 20 or 30 years ago, or at least a decade ago. This stuff has ALWAYS been available through what may be the most beneficial plant on the planet outside of corn, wheat and rice.
But that said, at least it is finally being utilized and studied in the way it always should have. We truly are just at the tip of the iceberg, and innovative, smart companies like Liht have opportunities unlike anything since the tech boom in the 1990s and turn of the century.
And thank goodness this news appears on TD Ameritrade's home page for LIHTF. After considerable bitching from me and others, they have the news feed fixed (for now). So this news about the skin care product line will reach the masses...most other broker sites already have properly working news feeds from LIHTF on their sites. Anyone who's not trading on TDA have a problem with their news feeds?
BTW, this is not really major news IMO. It's nice to see and won't hurt the bottom line, that's for sure. But of course we are waiting for the news about the harvest more than anything else.
LOL, watch me be wrong and the skin care product line takes off like wildflower. Never hurts to play in different arenas.
Latest News from Liht:
Liht Cannabis Corp. Announces Re-Branding And Official Launch Of Its Skin Care Product Line
January 31, 2019, Kelowna, BC
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the “Company”) is proud to announce that on February 13th, 2019 - PureCloud 9, a Liht Cannabis Corp. Brand – will officially launch its new and re-formulated whole body hemp health line. A product line developed using organic, unrefined, cold pressed hemp seed oil which is infused with botanical and exotic essential oils.
Following four years of research, formulation, development, and product testing, we are satisfied with the intensive transformation we have undergone to provide the cleanest, most trustworthy hemp products available.
Hemp Oil contains anti-oxidants, carotene, phyto-sterols, phospholipids, as well as a number of minerals including calcium, magnesium, sulphur, potassium, iron, zinc. Vitamins A, B1, B2, B3, B6, C, D, and E.
With high concentrations of Omega 3 and 6 fatty acids, hemp oil has a similar composition to that of skin lipids, mimicking our natural sebum regulation. For those concerned about using topical oils, this similarity means hemp oil can effectively moisturize without clogging pores. The Linoleic and Oleic acids found in hemp oil provide regenerative properties and play a crucial role in skin health.
A highly emollient oil which leaves a non-greasy satin sheen on the skin after use, making it a wonderful facial oil or topical treatment for skin conditions.
PureCloud 9 will offer its first six products for online and in-store purchase: Illuminating Body Oil, Restorative Rescue Oil, Glow-Boosting Day Serum, Rejuvenating Night Serum, Radiance-Enhancing Facial Exfoliator and Illuminating Body Exfoliator. These products will affordably retail from $25-32.
The official launch of our website and online store will take place on the morning of February 13th and will offer Canadians the opportunity to order product. The Company is seeking Ambassadors who share our passion for providing a healthy alternative to conventional skin care products. Visit www.purecloud9.com on our launch date for further information.
“We embrace and support consumer passion to make healthier lifestyle choices concerning the care of their bodies. We truly pride ourselves in creating product from only the best ingredients.” Linda Sampson, President and COO.
Next week is the soonest we might expect good news. I'm not sure what Liht's curing process is, but it may be a couple more weeks before we see the actual results of the harvest. I do wonder if they have any buyers lined up for the purchase of their product. The whole thing makes me nervous. The first harvest...and most importantly, the first sale of that harvest...will really tell us a ton. If Liht is going to experience success in this highly competitive market, we will know in February.
After following up, I received a response from Rahim Mohamed about the retail license issue. I did take out the phone numbers in the email pasted below, as there's no reason to disseminate that contact information on a message board like this.
Thank you for your inquiry,
Liht, through its Nevada subsidiaries is still in the application phase, we have NOT been denied nor granted an application yet at this point.
As soon as we receive word from the State of Nevada, we will make this news public.
Please let me know if you have any further questions.
Cheers,
Rahim Mohamed
CEO / Director
Liht Cannabis Corp.
(403) XXX-XXXX (cell)
rahim1011@outlook.com
For the fastest response, please contact my Executive Assistant by Phone, text or e-mail:
Ann Hodgson, M.A., B.Sc
Executive Assistant
Phone: (587) XXX-XXXX (call or text)
Email: exec_assist_rm@outlook.com
Whew, good news there! This may take a few days to sink into the mindset of the marketplace, but this should help provide more support for a baseline price and, in the next few weeks, help propel the stock during and after the first harvest.
I have bitched about LIHTF news to Ameritrade twice via internal email in the past couple weeks and threatened to leave them for another broker. They gave me 20 free trades so I know they saw the emails...but they still haven't done anything to resolve the issue. Every other broker and charting site that I visit does have the current news. This is a TDA problem and certainly not their only one. But I like their interface and tools, so I'm sticking around for now. If they hadn't lowered their trading fees a few months ago I would've been gone already.
Forgot to mention that Liht says they have secured "exclusive" rights to the S5 Agro Technology Suite. Presumably this is limited to Canada, but we'll see. It would be awesome if they have the exclusive rights to the system, as the system sounds like it's among the best-of-breed for such systems.
The fact that they have entered into this agreement is also an indication that they plan to be in Canada for a while...at least until multiple harvests are produced and Liht has determined the operational and financial benefits of Canadian growing.
Actually, I found the news from Liht to be VERY good news. The system will help monitor the grows and provide key data to optimizing production. It was interesting how the article stated, "challenges currently facing commercial cultivation...has lead to the destruction of failed crops in Canada, estimated to be approximately 8 kilos of destroyed product for every 1 kilo consumed."
while that seems like overkill (who are the morons growing weed like that? Not Canopy or the other leaders), ill planet health leading to waste can be devastating, and systems that prevent it are a huge part of the cannabis farm industry.
My son, who's 22, lives in Portland, Oregon, works in the Cloud industry (making good money), and is a bit of an entrepreneurial bug, was studying an entrepreneurial venture virtually identical to the S5 Agro Technology Suite. We're talking about integrating truly advanced, highly sophisticated science with the simple process of "watering the plant and watching it grow." Every major grower has, or will need to get, a similar system in order to protect their crops and achieve success in an industry with ever-narrowing margins.
Not thrilled with the 3% either, but there is monitoring and analysis that is going on all the time with these systems, and now that advanced analysis and oversight is built into the financial structure for Liht moving forward.
It was fun to see how that link to the chart opened up in TradingView, which is my primary non-brokerage chart app on the web.
Yes, I feel consolidation happening. I am very happy to see it happening actually, as seeing millions of shares trade hands at .24 to .27 (US) provides better stability and potentially provides a solid base. We haven't seen consolidation since November, when it appeared prices were settling into the .22 to .26 range. That was right before all the shit hit the fan with multiple negative news stories. Not a happy time for me, especially as the stock plummeted to .11 (oh, how I wish had major capital at that time).
THIS time we can hope to see positive news lift the stock price out of its consolidation range. Even if the price trickled back to .22 or something, I wouldn't be alarmed as Liht seems much better positioned now than they were a month or two ago. Because of that, I expect us to surpass .30 in February (if not sooner). Getting that first harvest on our books is critical. Sets the stage for the future and hopefully wakes up the market.
To see true acceleration in the price as LND2 anticipates, we need much higher volume. To be honest, for a stock trading for less than half a dollar, our volume is rather pathetic. Don't know how we get it, but we need better market exposure.
Yep, and I calculated each harvest at 324 lbs. But more importantly, I have the price per pound significantly less than you do...at $1500. That is the critical factor and the number I most want to see when harvest sales are reported.
I hope YOU are right and I am wrong! But there's not even a guarantee that the price per pound is between 1500 and 2000. It could be measurably more or less than that range.
We'll see what the real marketplace thinks of Liht's organically superior produce!
LND2, you stated “Vegas 10,000 sf operation has two buildings with five harvests per year each...10 harvests per year total.” Is this true? Liht’s website states “We will alternate harvests between buildings five times per year allowing us to produce approximately 1620 pounds of dry flower.” I can see where one could interpret that as 10 total grows, but can also see where it might mean 5 total grows. If it’s 10 grows, that’s 162 pounds each grow, and double that if it’s 5 grows.
This does not change the material fact of the annual volume produced, but does change what we should expect when production is announced in February for the first grow. I get the sense that you are probably right and it IS 10 grows total. It’s just that a grow every 7 weeks, even alternating between two buildings, is counterintuitive to the growth cycle of weed (6-8 months)…but it could happen depending on the farm set-up.
We’ll get a ton more details about all this in the course of the next month…nothing to worry about, really.
Your prognostication is very interesting and aggressive. I’m not disputing anything you say except I’d be shocked if Liht can execute the way that you have suggested, especially with the building of buildings…which takes time. And Liht has, to this point, not blown me away with the speed at which they move on stuff. But what you suggest is still doable.
I would add that I get the sense that they’re not willing to let B.C. go because they seem determined to be a Canadian player. It will be interesting to see how all of the “pots on the fire” in so many different locations are managed over time.
There was fair amount of speculation in the post, but I did what I could to keep it realistic. That $9.78 per share could easily be $2 a share or $20 a share depending on the umpteen variables in play. And just imagine the major news that Liht will produce in the next three years...there is so much that can and will happen. And I presumed no bad news or other shit going down with stupid moves by the company or other negative factors.
But bottom line, there aren't many MJ plays in the market with better upside potential than LIHTF. Even $2 a share is up 800% in the next four years. Any fool would take that! I'm planning to keep my all my shares for the foreseeable future...just bear in mind that foreseeable is a very limited time frame for Liht.