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Exactly. So if he is really interested in making serious money then it would be in his best interest to do whatever is necessary businesswise to get the share price to go up. And I personally believe he will do just that.
Wow. Did you even read my post. I agreed with the fact there are 1.75 billion shares outstanding. But I do not agree with the rest of your statement.
Well I must say you are partially correct because of the fact that there are 1.75 billion shares outstanding. But here is where you are wrong. The company will begin to buy back shares for that very reason. If you don't think that would be in Matthew Dwyers best interest, the company's best interest or the shareholders best interest then you are completely wrong. And the sharebuyback will commence in the month of May.
Well at least you'll be able to look on the bright side because even though nobody likes to admit they are wrong at least you'll be able to say you were wrong but made money. Now if I'm wrong(which I'm not, I won't be able to do the same. But I would definitely prefer admitting I was wrong and making money than only having the mere and dismal satisfaction of being right and losing money.
Okay but what if they do post revenue that comes from sales? Will you continue with the herd mentality that says this company is a bunch of B.S. Or are you going to use the excuse that the numbers aren't audited so it doesn't matter anyway? But the audit will take place and I believe Matthew Dwyer stated it should be completed before the end of summer. If that seems too far off, don't worry because the buying back of shares will begin in May using 20% of the revenue generated by GCGX each month. At least when people begin to see those numbers dwindle on a monthly basis they will know this company is the real deal. Go GCGX.
Well I find it hard to believe you are a shareholder and still not understand how the company is operating. But it's a good thing you always end your statements saying everything you just stated is your personal opinion. LMFAO.
There is a new Tweet out. Awesome. Go GCGX.
Wrong, wrong and wrong again.
Meet the woman building the ‘backbone’ of the cannabis industry
“Non-plant-touching” companies are critical to the growing industry, says Akerna CEO Jessica Billingsley. Akerna’s tech can track cannabis from seed to sale.
BY NICOLE GULL MCELROY
January 16, 2020 12:30 PM EST
Akerana-Jessica-Billingsley
Jessica Billingsley, CEO of Akerna, is driving the company toward being the go-to option in providing transparency to cannabis retailers, farmers, distributors, and regulators across the globe. COURTESY OF AKERNA
As long as GCGX follows the same business model as KERN(by not touching the plant)and as long as they meet the other requirements to uplist to the NASDAQ then it will only be a matter of time before it happens. But the way, Akerna(KERN)is a U.S. based company that operates out of Denver, CO.
Oh boy,here we go again. Living in the past. None of that is relevant to what GCGX is now and will be in the future.
I couldn't have said it better myself.
Thanks.
Your point is irrelevant. Oh, and by the way, this is just a reminder to those on this board that may have forgotten but GCGX retained one of the top cannabis lawyers in the country a long time ago. His name is Marc Adesso. If there were any issues with the way the company is operating, he would let them know beforehand. And when the time is right, he is the same lawyer that will primarily be responsible for helping get this company to the NASDAQ. Go GCGX.
You are correct KngmAz. But as the saying goes, "you can lead a horse to water but you can't make him drink." Oh well. Go GCGX.
Very nice post Mickey4. And let's not forget(even though I know you didn't)that even before the machines were up and running, I believe the company had Loi's worth approximately $30,000,000 and 90% of them are still viable. Because of the delays the company was still able to make what I would consider a "Hail Mary pass" to be able to post $1,500,000 in revenues for the 1st quarter and to go from having absolutely no revenue to having that much of a gain in just one quarter is HUGE and once the numbers are officially posted I would imagine quite a spike in the SP. But as you have stated, I'm sure that will not even compare to the spike we will see when the 2nd quarter financials are released. All I know is this. If the numbers you post are even somewhat accurate, that will be awesome because once the SP hits 0.33 I will be able to consider myself to be a part of Jethros club. Lol. GO GCGX.
Yes indeed. And also the fact that we will be uplisting to the OTCQB shortly once we have the annual financials audited. Sure, we must have a SP of at least 1 cent to be able to uplist to the OTCQB but I anticipate surpassing that easily within the next week or two. And I definitely anticipate an explosion in the SP when the 2nd quarter financials are released this summer. If I am not mistaken, it will be released on the 15th of August.
Well said. And while other major cannabis companies have even had to lay many people off, we will be doing the exact opposite soon. And Matthew Dwyer stated before that the oil extraction process is technically a one man operation. We are literally sitting on a liquid gold mine. And yes, we are at the very bottom of the ladder with nowhere to go but up and I truly believe that this week is the week that we begin the climb. GO GCGX.
Okay,sounds good to me. Thanks for the reply.
Great post as always Mickey4. I just have one question. The company stated in their tweet that was posted on the 4th of March that they were going to be using some of the revenue from sales of Indulge Oils to pay for an audit and file a S1 registration statement. I know having audited annual financials is a necessary step in order for the company to progress towards the OTCQB. Anyway, here's my question. Is the 4th quarter report the same as the annual report or are they seperate? I believe I know the answer but I just want to be sure. Also, if they are seperate, when do you anticipate us shareholders seeing the audited annual report? This month? Not that I am concerned because I always knew this company was legit. But then there are those that have always complained about nothing ever being audited. Go GCGX.
I agree. And it is also good to know that the RotoVape is working OVERTIME. And I'm sure it's absolutely necessary to just try and keep up with all of the demand. Go GCGX.
Awesome news. Now that everything is up and running delays are a thing of the past. GO GCGX.
Very nice read and good as gold indeed. GO GCGX.
I totally agree. The only reason the stock price isn't really going anywhere right now is because it was only a tweet and people want to see actual validation of what is being stated. But we all know it is coming within the next 7 to 10 days. GO GCGX
Wow, you're really late to the ballgame. ROFLMFAO
New tweet out. Go GCGX
Oh, ok. That makes sense. Thanks.
Hi Mickey 4. Yeah, I was wondering about that myself. But my guess is they already have whatever equipment necessary to sample and check the purity levels of all the oil they are producing. And I don't know anything about those machines or extractors besides what they do. But I wouldn't doubt that they may already come with the device or equipment that checks the purity levels of the oils. But either way, it would definitely be a nice source of extra income if they decide to go that route. But what would be even better is knowing they have so much demand for their oil that they just don't have the time to test other people's oils. Lol.
Syrup, really? I'm sure the honeybees are even laughing at that one.
MARKETS
Legal cannabis industry sees record sales as customers facing coronavirus crisis stock up
PUBLISHED WED, MAR 25 2020 10:46 AM EDT
UPDATED MOMENTS AGO
Jane Wells
@JANEWELLS
SHARE
KEY POINTS
Legal sales of marijuana are booming as the nation battles the coronavirus crisis.
Customers appear to be stocking up, and many stores are shifting to delivery.
As demand flourishes, long-suffering publicly traded cannabis companies have seen their shares start to rebound.
RT: Marijuana legaliation
An employee holds a jar of marijuana on sale after it became legal in the state to sell recreational marijuana to customers over 21 years old in Ann Arbor, Michigan. Illinois begins the legal sale of marijuana on Jan 1, 2020.
Matthew Hatcher | Reuters
Steven DeAngelo has seen it all. As the so-called "father of the legal cannabis industry," he co-founded one of the largest vertically integrated licensed cannabis businesses in California, called Harborside, with four stores and $60 million in annual revenues.
But what's happened in the last month is something new. "We had our largest sales day ever," he said. "Sales are up 20-25% at all locations."
Across the country, sales are sky high in states where legal cannabis has been declared "essential medicine" during state shutdowns, allowing stores to stay open.
Customers appear to be stocking up, and many stores are shifting to delivery. It's also possible the industry is reaching new customers who, until now, have bought their pot illegally, but want to now take advantage of regulated product delivered to their doorstep.
Here are some data points from industry players:
Average store revenue is up 52% to 130% compared with January at more than 1,300 stores using cannabis e-commerce platform Jane Technologies.
Jane also reports the number of new users ordering online has increased 142% over the last month.
Beverages and edibles are seeing significant sales lifts in California, according to cannabis analytics firm Headset.
Wholesale seller LeafLink reported a 48% spike in orders Monday versus a week ago.
"Cannabis demand has surged in Florida," writes MKM Partners Research, which says operators saw an average jump in THC product of 36% for the week ending March 19.
As demand flourishes, long-suffering publicly traded cannabis companies have seen their shares start to rebound. Canopy Growth is down 70% in the last year, but over the last week shares are up 25%. Tilray has lost 90% of its value in the last year, but over the last week shares rose nearly 40%.
DeAngelo said Harborside is hiring drivers as delivery ramps up. Even though California calls cannabis essential medicine, he said customers do not need a medical card to buy. Anyone over 21 can make a legal purchase.
"Fortuitously — we didn't know the pandemic was coming — a few months ago we opened our Desert Hot Springs location," DeAngelo said. "We have one of two drive-through windows in the entire state of California, so it's a very popular place to buy cannabis in the Coachella Valley right now."
Business is not booming everywhere
Some industry players are seeing setbacks, like many other businesses.
Headset reports inventory is starting to build in Nevada, where it claims as much as 80% of the business in Clark County comes from tourists to Las Vegas, and most of Las Vegas is shut down. Massachusetts has forced its cannabis stores to close during the shutdown. Denver tried to do that but relented three hours later after public outrage.
This amazes Steven DeAngelo. "Many people rely on cannabis as a first line of defense for medical issues," he said.
DeAngelo believes the plant can help calm people during stressful times. "Most of all, if we don't allow people access to cannabis — which is relatively safe — they're quite likely going to start self-medicating with more dangerous substances."
One of the big concerns is whether cannabis businesses that have to close and send employees home will have to continue paying them under a new federal law, the Families First Coronavirus Response Act. The businesses may not qualify for federal aid in return, since marijuana remains federally illegal.
Wurk is a company that provides human resources and payroll services to 400 legal cannabis businesses, and it has been providing resources to help navigate the shutdown. Regarding the new Families First law, "Right now cannabis companies absolutely have to comply," said Wurk account manager Lauren Spagnuolo. "We don't know if they're going to be eligible for the tax breaks that are being offered as part of these programs."
Federal assistance unlikely
DeAngelo thinks it high unlikely the industry will receive any federal assistance, but "we, at this point, are not in need of that assistance."
Meantime, DeAngelo said his managers are working hard to make sure employees maintain social distancing both in the store and in their growing facilities. Only two customers are allowed inside stores at a time, and most are taking curbside delivery.
"We have been encouraging all of our clients to consider non-inhaled forms of cannabis at this time," he said, given concerns about the virus. "If we're having a situation where we are all concerned about a respiratory illness, then it's probably a good idea to think about ingesting cannabis through some other method than the lungs."
Supply will not be an issue. "We could just keep on selling all of the cannabis that we grow on our own farm, and we will not run out of that, I promise."
Well let's see. Considering the fact that just last week we hit a bottom of around 0.0015 pps and right now we are hovering around 0.005 pps. In my book the train has left the station. If anyone believes the pps will ever return to those insanely cheap prices they are living in la la land. Go GCGX.
And up we go. The train has left the station never to return. Chase it while you still can.
Same here. Lol. Go GCGX.
Agreed. Lol.
Yes indeed. Sooner or later some people need to just fall on their swords and wake up to the fact that GCGX is legit. My advice. It's not too late for those that haven't already done so to get in on the ground floor of this once in a lifetime opportunity. This is the needle in the haystack, the diamond in the rough. Put in your buy orders folk because the train is leaving the station. Go GCGX.
There is another tweet out showing what 4 liters of the oil(liquid gold)looks like. Awesome. Go GCGX.
Awesome post. Now what I am going to say may seem like a contradiction to my previous posts but trips are coming. But they are to the moon. LMAO. Go GCGX.
Yes, it took a while to get here but they definitely left no stone unturned. Recreational and pharmaceutical. Totally awesome.
Yes, I agree. And I also loved his response to a shareholder that was wondering why the oil was so thick. They don't use any cutting agents. It is all natural. Which of course means it is supreme and will sell for top $$$$.
I agree. Also, I love these replies.
1. One guy to man the machine and collect the oils-low cost operation.
2. In April we will release that information. Right now I just want to savor the victory of all those crow eaters yapping about the fake oil. LMAO!!!!!
GO GCGX
Nice post as always. Go GCGX.