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Your story is full of holes.
The market says....your valuation...is hogwash.
Would be good to hear from Erik.
I would like to hear CGOTF's plans.
GLTA
GET CITATION...BEFORE THE PARTY
Speaking of...swift ride down....let's look.
The majors cannabis companies are not faring well.
This is the percent gains...vs...the companies 52 week lows.
CGOTF...UP 22.9% ...VS....52 WEEK LOW
FLOOF...UP 6.9% ...VS...52 WEEK LOW
ACRGF...UP 1.45% ......NEW...52 WEEK LOW
ACB...UP 1.53% ..........NEW....52 WEEK LOW
CRLBF...UP 6.5% ..........NEW...52 WEEK LOW
CURLF...UP 10% .....VS...52 WEEK LOW
CGC...UP 25.5% .....VS 52 WEEK LOW
Got to be glad your not loaded up on some of these other companies.
It helps to see what the some of the big players are doing. They are doing worse than CGOTF.
GLTA
GET CITATION...BEFORE THE PARTY
How cannabis companies....are weathering the storm....?
For all the whiners...without research....here are some facts.
Since the two year industry slide started...most all cannabis companies went down. Some are still falling.
Despite the obstacles past management has placed on the success of CGOTF....compared to many companies in the industry....CGOTF is looking better than most.
This is the percent gains...vs...the companies 52 week lows.
CGOTF...UP 27%
FLOOF...UP 11%
ACRGF...UP 4%
ACB...UP 4.6%
CRLBF...UP 6%
CURLF...UP 18%
CGC...UP 33%
Looks to me like CGOTF....gains above 52 week lows....are above most companies....except CGC.
I see far more whiners than fact finders.
CGOTF is doing much better than some will admit....just posting...facts.
GLTA
GET CITATION...BEFORE THE PARTY
Educate yourself.
For the strong two that believe a class action lawsuit is the answer...read up.
From Kiplingers...
https://www.kiplinger.com/article/spending/T037-C000-S002-6-things-you-must-know-about-class-action-lawsuits.html
Apple Class Action Lawsuit...Attorney Fees.
Still dreaming...of a class action lawsuit...?
For those that think that will solve your problem...may want to consider. If the company is broke and has no money....where does the money come from? How much would you get? How much would the attorneys get? Will you get your money back?
We all know they are not sitting on a bunch of cash. As an example of how class action lawsuits play out. Consider Apple....multi-billion dollar company...with giant piles of cash. Here is some info about a class action lawsuit against Apple...that started 3 years ago.
With....THESE....stocks...investors have lost a lot.
ACB
ACNNF
AGTK
ATTBF
ACRGF
AUSAF
BMMJ
CBWTF
CGC
CGOTF
CNPOF
CNTTF
CRLBF
CURLF
DIGP
EMHTF
FLOOF
GLDFF
GORAF
GTBIF
HMLSF
IMLFF
IDVV
IVITF
KSHB
LIBFF
MRRCF
MYMYF
RDDTF
RVVTF
SPRWF
TGIFF
TLRY
TRSSF
TRTC
WDDMF
WLDFF
I didn't include all of them....but it is obvious....it is the industry. All the biggest names are in there...and all down. CGOTF had management issues....but they didn't bring down the whole industry....CGC...and ACRG did. Keep that in perspective. I also suggested to some to get rid of CGC when it was $50...and stay away from ACRG because they were overpriced...at $24. I also sold my ACB at $12. For the same reason.
You and every other cannabis investor feel bad about the industry....including myself. We all got a 2 year setback...no matter who you invested in. The cannabis movement will not go away. It will just take longer.
GLTA
GET CITATION...BEFORE THE PARTY
Buy low....sell high.
Why would longs....accumulating more shares....at low prices like today...not be a good idea...?
Why would traders.....buying at a low price....like today.....not be a good idea....?
Traders ran the price down below ten cents...then they ran it up to 15 cents.
I've been a long and will continue to be a long. The game is barely even started. The U.S. Is still a ways from legalization. CGOTF is not buried in debt....and still has 500,000 sf of licenses that can be developed, partnered or sold.....in a limited license state. CGOTF has the best cannabis in the state...and has the award and certifications to prove.
In case you haven't noticed...THE WHOLE TIME INDUSTRY IS DOWN....NOT MY FAULT.
Had you invested heavily in Acreage....$30 down to $3.75.....you would also be down heavy. Had you invested heavily in Canopy Growth in the past two years....big loser....$50. Down to $18.....you would be down heavy. But had you in nvested in Canopy....when it was cheap. And held it....you would be up 1000%...still.
Ask your financial advisor...he can explain it to you.
Since CGOTF still has not shown a full Q of revenue...I see no reason to sell shares. We have a new CEO and CFO....buying at a low price...might be the best thing to do....I did.
When you compare CGOTF to most others in the industry...we are in better shape.
Look at Acreage...one of the biggest U.S. MSO's.....4% above all time low.....heavy debt. Same with the others.....almost all of them. That is what a two year downturn will do for your cannabis investments. But guess what...cannabis is not going away.
It may take longer than any of us invested in cannabis would like....but those that have always been accumulating when CGOTF is down (or any other cannabis stock)...will the the big winners.
I have said many times....I am ACCUMULATING....CGOTF shares. I am holding those shares until at least legalization and full expansion. So...even though I started buying at 60 cents...I am still accumulating.
Not trading...not selling....not running around crying because the industry didn't go my way. We all took a two year hit from the industry...and it may not be over yet.
If you believe the company will survive....then longs know...all time low...would be A GREAT TIME TO BUY.
I am one that believes the company will survive well....with proper management. We got new management....and your complaints are....?
GLTA
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Who's trading...?
I don't know any details.
Howard may have fired the master grower.
Howard could have disrupted ops when he left.
There are several things that may or may not have occurred. They all seem to be rumors at this point. We need to hear from the company.
I am erring on the side of caution this time. We have heard they are generating a million a month. We have heard they are generating a million a month just at the Apex facility. We have heard Howard took equipment. We really need clarity from the company.
This makes predicting this Q's revenue more difficult. The market may be leaning towards good earnings....I hope so.
GLTA
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Yes....I did have that conversation too.
I was close to signing up....but I decided against it....because of the aggressive sales tactics.
Once he found out I wasn't going to buy options...last I heard from him.
GLTA
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That defies logic.
It is hard to understand....how some can spend a year or more bashing the stock daily...while the entire industry has been falling.......then complain that they lost money....SMDH.
GLTA
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I was told the same thing.
There ended up being one delay after another. First crop was mid 2019.
GLTA
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Wrong Again....just watch it happen.
Interesting....I wonder what is going on?
Looks like NBF is serious about accumulating CGOTF.
Where did you here about financing coming? I've heard rumors there was financing lined up.
Another one of the sav rumors....debunked again.
GLTA
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Everyone....should have stayed away...from pot stocks.
Getting into any pot stock for the past two years of decline...was a bad idea.
CGOTF....UP 8.77%...........FLOOF.....DOWN 17.59%
See how dumping works Sav......FLOOF......down 17.59%....volume....860,000.
Nearly all cannabis and non cannabis stocks were down today....GO CGOTF.....UP 8.77%.
Good to see CGOTF....holding up well....despite the bashing. If any of it was true....it would have showed today.
CGOTF....UP 8.77%.
GLTA
GET CITATION...BEFORE THE PARTY
Therein...lies the problem.
CGOTF...UP 61%...vs...52 WEEK LOW...FLOOF...UP 1%...vs 52 WEEK LOW
I wanted to be invested in Vegas cannabis. I'm sure glad I didn't pick FLOOF...because it was the biggest.
CGOTF has been going up 61%...vs 52 week low....and FLOOF is still falling....hitting a new 52 week low yesterday.
No one can beat the quality of FIORE.
FLOOF is contracted to grow...the lowest quality brand in the state of California...in the Vegas greenhouse.
Know what you own.
GLTA
GET CITATION...BEFORE THE PARTY
A lot of the...big names...in the industry....are down...80%
Would you feel any different if you had invested heavily in ACB or Acreage or the other big names...that are also down 80%....?
That doesn't excuse the bullsh*t past management has created....but everyone has been falling for over two years. If management had done everything right...we probably would still be down...like the rest of the industry. If any investigation determines fraud by past management...they should be dealt with accordingly.
I do not like being down either. I am down between 70-80%. Since that is what most of the industry is down...my bad for not getting out of cannabis investments two years ago....when I was up 170%.
Fortunately...cannabis is not going away. Fortunately CGOTF wasn't able to get themselves in big debt....before the industry crashed.
A good CEO and CFO...should be able to pick up the assets CGOTF has...and without the burden of major debt...be able to succeed in Nevada with award winning organic cannabis.
Rumor has it....the new CEO and CFO...have the right stuff. It should be noted.....there has not been one complaint on IHUB about the new CEO and CFO.
The stock has been going up. I bought more when it was low....because....cannabis will never go away in Nevada...or Canada. Because award winning, triple certified organic cannabis will always be in demand....and will always get the best prices. Because CGOTF has low debt...and the most licenses available for expansion. And because....people are replaceable....if the need arises.....companies carry on. And of course...I don't believe those who post fearmongering posts...without numbers and facts. When manipulators run the price down...quietly buy more.
GLTA
GET CITATION...BEFORE THE PARTY
Lynch was usually right.
Magellan was usually in the top rankings of mutual funds.
Insiders buy for one reason....certainly applies to CGOTF.
Insiders buying....over a three month period......also ruins the bankruptcy theory....and the going to zero theory.
Alnoor Nathoo is on the inside and knows what the numbers are...knows what the plans are...and knows what CGOTF's future holds.....and steadily bought shares....while others were crying about the stock price....or trying to create fear and panic.
Alnoor knows the revenue...and he knows the debt...and still bought a lot of shares....while those that never posted revenue vs debt...claim bankruptcy for over a year.
Remember this....Alnoor can lay claim to a lot of cheap shares....while others can lay claim to a lot of posts about bankruptcy...that never happened....LMAO.
Also remember...our biggest competitor has $2.5 million in revenue...and $150 million dollars in debt. At that revenue rate...and no more added debt.....FLOOF can pay off their debt...in 15 years. Bigger does not equate to better....if your systems are not efficient. FLOOF is using all their resources....having 400,000 sf of cultivation and 50,000 sf of production running at full capacity....and still sits at an all time low. It was a freaking cucumber farm...turned low grade weed producer. A lot of money was spent converting from cucumbers to weed. The problem is...a purpose built organic cannabis cultivation facility...will beat them in efficiency and quality every time. I wonder how much it costs to keep a giant glass building cool in the Nevada desert...?
CGOTF has over 400,000 sf of licenses in reserve...that can still be capitalized on.
Like Lynch said...understand what you own.
GLTA
GET CITATION...BEFORE THE PARTY
Who is down 95%...? Are you?
You are not doing a very good job of keeping track of MY investments. You are way off.
How much are you down...?
All dressed up....and nowhere to go.
You have been dressed up for this bankruptcy party for over a year. Ever get the feeling....you been stood up...?
GLTA
GET CITATION....BEFORE THE PARTY
Stop...with the numbers talk....you got none.
No internet yesterday...it rained.
Viasat doesn't work in the rain. Verizon doesn't work...without a booster.....they still have not sent one after a week and a half.
There is no excuse for a company the size of ATT or Verizon....not to be able to provide reliable home phone and Internet service.
I am trying to buy more shares of CGOTF. Going a day or two without phone and Internet makes that impossible.
Citation has been on a new course lately. It sucks missing the excitement because of Internet service. I am on top of a hill, not in a valley. The service works on the road in front of the house...but not in my house or property. Who wants to sit in the rain....in the road...just to get Internet service...?
Meanwhile....CGOTF looking good.
GLTA
GET CITATION....BEFORE THE PARTY
Wrong Again.....Show us your simple math.
CGOTF...VS...COMPETITOR FLOOF
FLOOF is CGOTF's.....largest competitor...in the Nevada market.
What does the market think...?
CGOTF....UP 56%... VS.....52 WEEK LOW.
FLOOF...UP 1%....VS....52 WEEK LOW.
Facts show....the market clearly prefers CGOTF...over....FLOOF.
I'm not bashing FLOOF....just comparing our competitor.
FLOOF has a LOT of debt.
CGOTF has had management problems.
Facts are....it is a lot easier to replace bad management....than a lot of debt.
CGOTF's bad management is gone....FLOOF's debt...is still there. See above stock prices.
GLTA
GET CITATION......BEFORE THE PARTY
Good post Fignewton.
I have spoken with Investor Relations.
I am not an accredited investor...but they have spoken to me...so no...they are not just there for accredited investors.
I prefer to get my information from the company...as opposed to the rumors and bullshit that gets posted here....by people that are upset they invested here or anywhere in the cannabis industry the past couple years. Anyone who invested in cannabis...is down.
The company posts Investor Relations contact info for a reason....use it. Don't believe the crap posted by those who have been bashing the stock regardless of the news.
I have emailed Paul....and I have spoken to Paul several times. Paul knows more about the company...than stock board members...who have never spoken to the company.
I encourage everyone to get the facts from the company. That is what Investor Relations is there for.
GLTA
GET CITATION...BEFORE THE PARTY
More cannabis license battles.
Missouri medical cannabis overwhelmed by appeals.
https://mjbizdaily.com/missouri-medical-cannabis-overwhelmed-by-licensing-appeals/?fbclid=IwAR3TiTRGXBZzsaoRjK-XAML2pOR6C5IWswtPogo8bX-kOFye693qxZVPJkE
Challenges by rejected medical cannabis license applicants have inundated Missouri regulators, despite state efforts to avoid such a mess by hiring an independent third-party scorer.
Rejected small-business applicants complain that arbitrary scoring processes shut them out of a market designed to remain largely locally owned, while multistate cannabis operators (MSOs) won a big chunk of the licenses. The jilted applicants face thousands of dollars of expenses – costs that most startup businesses can ill afford – to appeal their cases.
Meanwhile, some rejected MSOs also allege they were victims of flawed, capricious and inconsistent scoring.
Such gripes generally mirror those in other marijuana markets across the nation.
But complaints filed by rejected medical marijuana business license applicants in Missouri seem strikingly high compared to other states: The number of appeals skyrocketed past 500 as of Thursday, according to a staff attorney at the state Administrative Hearing Commission.
A St. Louis Post-Dispatch report this week also pointed to other issues, such as multiple licenses won by entities connected to board members of the Missouri Medical Cannabis Trade Association and by entities with troubled histories.
Common concern in the marijuana sector
The Missouri situation illustrates a persistent issue plaguing state-controlled cannabis industry licensing.
Regulators put forth what they believe are airtight and objective rules for evaluating applications, but almost every state winds up in the same place: litigation and administrative hearings costly to cannabis business applicants and states alike.
“It just sort of shows we haven’t perfected this process yet,” said Rachel Gillette, a Denver-based cannabis attorney with Greenspoon Marder. “We still have a lot of things to think about when it comes to licensing.”
Gillette said her view is that a scoring system, even when an independent third party is involved, can become arbitrary.
“I think that’s where it goes sideways. It’s up to one person’s judgment,” she said.
Gillette favors local jurisdictions determining what’s best for their communities in terms of licensing.
Cannabis businesses highly anticipated the launch of the Missouri medical cannabis program, which is projected by Marijuana Business Daily to hit $300 million a year in retail sales within a few years.
The state took in more than 2,200 applications for 192 dispensary, 60 cultivation and 86 processing licenses.
It remains to be seen whether Missouri now will be compelled to issue additional permits to resolve disgruntled applicants’ claims.
That’s happened in many other states – to the point that businesses increasingly are building possible appeals into their application strategies.
It’s uncertain whether legal challenges could delay the launch of Missouri’s MMJ program, scheduled for this spring.
At least one lawsuit has challenged the constitutionality of the process, alleging that Missouri’s cap on cultivation licenses violates a state constitutional “right to farm.”
Lisa Cox, communications director for Missouri’s Department of Health and Senior Services, recently told MJBizDaily that “at this time, we do not anticipate any delays to the program rollout due to litigation.”
Gregory Wu, co-chair of the cannabis practice at Shook Hardy & Bacon in Kansas City, Missouri, is representing a couple of clients in their appeals including a female-owned applicant with a minority partner.
He said scores weren’t consistent with his clients’ experience and background. “From our perspective, the state is unfairly erecting barriers to entry that are affecting small-business owners,” Wu noted.
However, some multistate operators such as Illinois-based Cresco Labs and Green Thumb Industries also were rebuffed in their efforts to win licenses.
Complaints: Arbitrary scoring, contentious bonus points
Interviews and appeals showed common criticisms:
Scoring disparities: For example, the Missouri Medical Marijuana Collective said in its appeal that its cultivation and processor applications contained virtually identical answers on 16 questions, yet scores were much lower on the cultivation application, leading to rejection.
A controversial bonus point system: Based solely on unemployment rates in an applicant’s ZIP code, this was published by the state a couple of months before applications were due. Wu said that by the time the bonus criteria was made public, many clients, including his, already had secured the location for their proposed facilities. “Certainly if they had known, they would have factored that into their decision-making,” he said.
Disqualification by the state: Cresco Missouri scored enough points to win multiple cultivation, processing and dispensary licenses. But its application was disqualified by the state. The entity, partially owned by its Illinois-based parent company, indicated that it believed its applications were denied at least in part because it couldn’t guarantee that none of its thousands of stockholders have had a felony offense.
Yet, as Cresco pointed out in its multiple appeals, other multistate, publicly held operators such as Arizona-based Harvest Health & Recreation and Illinois-based Verano Holdings won a number of licenses.
Cox wrote in an email to MJBizDaily that she couldn’t comment on specific applicants but noted that denials were issued for several reasons, including:
Scoring results.
Failure to meet minimum standards.
Analysis of how the entity is substantially controlled.
Missouri required that cannabis businesses prove they are majority owned by individuals who have been residents for at least a year.
Missouri hired Wise Health Solutions, a joint venture of Nevada-based Veracious Investigative and Compliance Solutions and Oaksterdam University of Oakland, California, to serve as the independent scorer.
Veracious founder Chad Westom said he believes the state came up with a “well-thought-out process with blind scoring and many layers of objectivity.”
“So far, there’s a reasonable and defensible explanation for every question,” he maintained during a recent interview with MJBizDaily.
For example, a horticulturist on staff would generate a good score on a cultivation application, but that kind of background “isn’t going to help an edible maker,” Westom said.
One applicant told MJBizDaily that scores also had varied dramatically for the same answers within the same facility category.
It’s unclear how long it will take for appeals to be heard and resolved.
The state typically has 30 days to respond to a complaint, and a case that advances would be heard in front of an administrative law judge. But it’s difficult to predict the timeline given the mountain of appeals.
In the meantime, Wu said, the rejected applicants “have a lot of costs and are not able to move forward.”
The state also faces additional costs. It recently put out a request for proposals to retain up to three law firms on an hourly basis to defend the license application denials.
Jeff Smith can be reached at jeffs@mjbizdaily.com
My bad...I meant debt.
FLOOF has a lot of debt. See page 77 of 80
The $23 million I quoted was debt...one year.
Look at all the loans, convertible debentures, and other debt...etc....close to $150 million.
https://flowerone.com/wp-content/uploads/2019/11/Flower-One-Third-Quarter-Report-2019.pdf
GLTA
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I would gladly sell you my shares
Of FLOOF......If I had any....but...you are NOT getting my CGOTF shares.
I'm sticking around for the party.
GLTA
GET CITATION...BEFORE THE PARTY
From 52 week lows....CGOTF...up 48%....FLOOF UP 4%.
The bigger they are...the harder they hurt. FLOOF has 400,000 sf of low margin...low grade weed....producing a $23 million loss. The stock is still falling.
CGOTF will survive.
GLTA
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That is from the 4/1 split.
He had roughly 16 million shares before the split...now 4 million...minus a few he has sold recently.
At one point he had 21 million shares. Some were sold in the 35 cent down to recent 20 cent range.
On the SEDI site it shows there was a split....where it jumped to less than 4 million.
The actual split took place when the ACC deal happened...it was registered with SEDI recently.
https://ceo.ca/api/sedi/?symbol=Cgro&amount=&transaction=&insider=
GLTA
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Disappointed in meeting location.
IMHO....the meeting should have been held in Vegas....for several reasons.
The first reason...is....it was already scheduled to take place in Vegas...and many shareholders had already made travel and hotel plans.
The second and more important reason is....every dollar ever made by CGOTF....was earned in the U.S. I would think US shareholders deserve to be able to attend a shareholder meeting....after all these years.
Third....what is the significance of holding the meeting in Canada...again...when there are no functioning facilities there....?
GLTA
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CGOTF....STILL BEATING...FLOOF
All cannabis stocks have taken a beating....the past couple years...since Jan 2018.
Our biggest competitor in Nevada is FLOOF. It should be worth noting.....CGOTF is 47% above our 52 week low. FLOOF is only 7% above the 52 week low. That is a 40% difference.
Some companies are writing off millions of dollars in low grade cannabis that is returned or unsold.
CGOTF is winning awards for the only Triple-Certified Organic cannabis in Nevada.
GLTA
GET CITATION...BEFORE THE PARTY
Insider....STILL BUYING.
I noticed Alnoor Nathoo is still buying shares...in Feb.....just as he did in Jan.....and just as he did in Dec.
That is clearly a good sign. Buying ....in three different....consecutive months....screws up the bankruptcy theory.
https://ceo.ca/api/sedi/?symbol=Cgro&amount=&transaction=&insider=
Those that have been predicting bankruptcy....are wrong. Here is your proof. Insiders don't buy stock if a company is going bankrupt. CGOTF is NOT going bankrupt.
Enjoy the ride.
GLTA
GET CITATION...BEFORE THE PARTY
New internet service....doesn't work either.
ATT doesn't work at my house...I got rid of it. I got service from Viasat.....doesn't work if it rains or is cloudy. For a day or two....I go without phone and Internet...if there is the slightest rain. Got rid of it finally....everyone said switch to Verizon....so I did. Verizon....doesn't work at my house either. After five hours arguing on the phone with them...they are supposed to be sending a cell phone booster...still waiting.
Nobody is in hiding....except those that are supposed to keep my internet running. It should get better when my cell booster gets here.
Looks like CGOTF...is surviving the industry downturn.....better than other cannabis companies. Small debt is much easier to overcome than a large debt...which is common in the industry now.
I am still here. CGOTF is still here. Vegas still needs cannabis that is free from pesticides...fungicides...fertilizers and other assorted chemicals....that are untested on human lungs. CGOTF has won the High Times Cannabis Cup...for it's the excellent cannabis.
GLTA
GET CITATION...BEFORE THE PARTY