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LOL.
Goes to show how serious the company is.
These crooks can say anything as long as they add a "forward looking statement" aka "safe harbor statement" to everything they put out.
Hell, they can say they are working on several deals knowing they aren't working on chit, but as long as they include a forward looking statement, they are safe.
Page 22 of the S1, "Use of Proceeds" paints a picture.
At 25% of raised funds ($3,000,000) they'll use $1.5 million for acquisitions
At 50% of raised funds ($6,000,000) they'll use $3.5 million for acquisitions
At 75% of raised funds ($9,000,000) they'll use $5 million for acquisitions
At 100% of raised funds ($12,000,000) they'll use $7 million for acquisitions
If say $5 million is still due, they'd have to raise 75% of funds to complete the BizRight deal.
If the Sky deal still needs $8 million, for get about it. Even at 100% funding they wouldn't pull that off. They'd need another round and a whole lot of shares to shell out.
The whole K&J deal looks to be worth only $12 million. Which turns out to be the .086 as seen on page 18
As far as when shares will be issued remains a mystery. Will K&J get its first batch whenever the stock price reaches .102 thus K&J instantly dumping 34 million shares for a profit of $500,000; all while causing the stock price to drop back down. Then when the price goes back up to .102 (months later) get their next batch to dump.
Bottom line is, it's going to take months, perhaps a few more years for these supposed deals to close. Which in this new industry, time is crucial. You snooze you lose. Jimmy is out of his lane. He doesn't know what he's doing...no one on his team knows what they are doing. May all be a scam.
#latetotheparty
If you have a golden ticket in the form of 2600 acres, you'd definitely be using such acreage to your advantage. It boggles my mind that they are not touting TWENTY SIX HUNDRED ACRES to the investing public. Maybe it's all a lie. Time will time, fortunately for me, I won't be around to see; moving on to other opportunities.
One is only successful in investing if they have an investing strategy and discipline, if they are just improvising, they're wasting time and money.
#wealthisbuiltviacompounding
Can someone (in the US) post when they receive their $2.63? My broker told me that the $2.63 might be delayed since Canopy is a Canadian company, also since July 3rd is a day away from the Holiday. Hopefully Canopy initiates payment before the 3rd.
It wouldn't surprise me if the compensated posts were paid for with stock instead of cash.
There are plenty of other stocks out there to choose from. GL
I recommend looking for hemp farms that are already in the game like VFRM.
K&J gets their shares at a 15% discount and since they aren't able to hold more than 4.99 percent of the OS at one time, they have the ability to be issued 34 million shares, sell the 34 million shares, get another 34 million shares, sell again and do it 2 more times after that.
Yesterdays S1 pertains to the first 34 million shares. Each additional 34 million will require additional S1 filings. All filings subject to SEC approval.
Nothing SGMD offers to the public is unique...everything they are selling can be bought from any hydro supply/equipment store. Jimmy is late to the party. Even the Hempistry situation is questionable. Too many hemp farms to compete with and a lot of those hemp farms already have established clientele.
SGMD is nothing more than a 5% to 10% swing trade on a regular basis opportunity...far from a buy and hold.
Strategy: when SGMD drops 5% (trailing stop loss to get even more of the drop), buy, then sell when it goes up 5% (trailing stop loss to get as much as you can until naturally stopped out).
#playthegame
#respectisearned
If it makes no sense, it makes no cents. LOL
No one understands this deal except the people involved. What I got out of all of this is that previous filings contained false or misleading information, like K&J would be buying on the open market which based on the S1 it appears they will be issued shares (to dump at their disposal). I also got out of the S1 that 830 million shares will be outstanding once K&J gets their cut...and that dilution is inevitable.
But what I really got out of this S1 is the BZRTH/BizRight situation won't be resolved anytime soon. I thought they'd at least have it done by the end of this month since June ends their fiscal year and they would claim $40 million for the year (LMFAO!). All this talk about "audits"; "audit" is the prime word/excuse when deals take forever...whenever in doubt, blame it on the "audits".
#sugarmadeisn'ttheonlyplayintown
#betteropportunities
LOL. $50.
$5 to $10 is doable.
Pretty much.
So no BZRTH acquisition anytime soon. Fiscal year ends in a few days. 10k will be out in September...and even at that time, a deal/audit will still "be in the works".
I'll support this stock when it gives me a reason to. In other words, when this reaches its 52 week HIGH, I'll buy back...perhaps...perhaps not. Not pressed anymore. #toomanyopportunitiesoutthere
LOL
S-1 Out!
It appears that K&J were, or will be ISSUED its shares versus actually buying them on the open market.
692 million shares outstanding
270 shareholders
I believe they have almost 7 years to see if MJ becomes legal nationwide before buying Acreage. So if they waive the trigger event, it won't happen anytime soon...probably a few years from now if ever at all. And since John Boehner has the inside scoop, he's the informant of whether MJ will be legalized or not. And if Boehner is hearing that MJ won't be legalized nationwide, Canopy may still exercise the trigger option just to have a foot in the US or they may just let the deal expire.
Today's the last day to qualify for the $2.63
I say we'll close at or near $16.78
I'll collect my 2.63 per share and get out of the MJ sector altogether. I'll stick with S&P tickers where the success rate is much better.
Exactly.
They need to save their money on the compensated posts and buy back some shares. Any company with this much said potential would have surely caught the eyes and/or ears of some big pockets. Maybe they have and those big pockets see thru the BS.
If you say so.
LOL
I never said Acreage was issuing a dividend, I was likening to a dividend; and for the record, Canopy is pretty much calling the shots with Acreage. I bet Canopy's people schooled Acreage about how to go about an 800 shelf. Is it a coincidence that the 800 shelf announcement came this week?
Because the article came out yesterday.
What does that have to do with it. Like I said, they are not giving out a FREE $300 million. It's just like when a company issues a dividend, the stock price drops to off set the dividend. It's business.
Yeah, Canopy is not giving out a free $300 million. Canopy is probably shorting this right now in order to come up with the $300 million.
If Canopy's market cap doesn't drop by 300 million upon pay out to Acreage, they are surely shorting Acreage to come up with the funds.
#rigged
All just my opinion :)
Yesterdays close 19.41 - 2.63 = 16.78
Will it reach $16.78 today?
Yeah, but if you drop the price by $2.63 (like what's happening now), then pay out $2.63 you're back att square one...they are ripping off shareholders.
Markets rigged. They are going to tank the stock by $2.63 only to give it back as part of the $300 million pay out. #rigged
Canopy and/or Acreage is probably shorting this stock.
Where do you see that info at? Thanks.
That's why I think they waited until after hours to announced the Court approved the deal. I wonder what's the short interest?
Good post. Post this on WEED board. Sell 1 CGC at $40
You might wind up paying 21.75 again for an additional 1000 shares. I think this will blow up on Monday as shorts rush to cover.
It's just my opinion but I think the stock price will hit that even before the $2.63 is paid out.
So you bought in the $22 area?
Record date is the 26th so you can sell on the 27th...I think.
Isn't Acreage getting $300 million from Canopy next week?
If one buys before June 26th do they get the $2.63 per share premium? If so, this is a win win...a free $2.63 per share. I see the stock jumping hard next week. Notice how news of the Courts approval came after hours...
"SMITHS FALLS, ON and NEW YORK, June 21, 2019 /CNW/ - Acreage Holdings, Inc. ("Acreage") (CSE:ACGR.U) (OTC: ACRGF) (FSE: 0ZV) and Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NYSE: CGC) (together, the "Companies") are pleased to announce that Acreage has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement under section 288 of the Business Corporations Act (British Columbia) with Canopy Growth (the "Arrangement")."
I feel sorry for any shorts who didn't cover today. Monday you'll pay. LOL
It would be nice if Monday's opening price matched the $300 million payment; i.e, today's closing market cap is $1,183,282,653. Add $300 mil to that for $1,483,282,653 divided by 61,309,982 shares outstanding would give a pps of 24.19...a $5 per share premium from today's closing price.
3000 acres = Jackpot!
CannTrust Holdings just partnered with a California farm that has access to 3000 acres of land.
https://www.marketwatch.com/story/cannabis-stocks-higher-as-canopy-shareholders-meet-canntrust-unveils-california-venture-2019-06-19
Jimmy, what's up with the Hempistry initiative?
More money to the shareholders?
"Because we control the entire vertical that includes growing, extracting, manufacturing and bottling infrastructure right from the farm, Veritas controls the entire process to ensure quality, potency, and freshness of our products."
IMO, this company is going to be huge. The distribution channel(s) pretty much establishes these guys as an American frontrunner.
Yes, big box is huge, it's national; sure beats being limited to just local dispensaries. I think they should target Walmart, Target and Macy's. And if they can get to $4 they can uplist to Nasdaq.
140 acres equals 6,000,000 square feet. I don't think Canada's largest producer Aurora has a total of 6 mil sq ft; though they are close. I think they are near 5 mil sq ft.
GL
New to this board after reading an article about VFRM supplying Kroger with its products. I didn't realize they also supply CVS stores.
https://www.westword.com/marijuana/veritas-farms-pueblo-hemp-company-supplying-kroger-and-cvs-with-cbd-11379466
If I get out and the price drops near the 52 week low, I'd probably get back in. If something major doesn't happen before they close their fiscal year June 30th, I think the stock will drop.
And their 10k doesn't have to be filed until September.
Without going into my investment amount, I hit 60% in a day.
If they don't announce that they are recognizing some revs by the end of the month, which essentially closes out their fiscal year, I'm moving on. There are too many other opportunities out there. One thing I don't have is a fear of missing out on what this stock could do. Waiting on them may be another year. I just hit big on VFRM so I know what's out there.
GL
VFRM went from .95 yesterday to 1.68 today on a Kroger distribution deal.
This farm has 120 acres but they also have a product to offer. Disappointing to see Jimmy miss out on opportunities like these. By the time Jimmy and Co. figures this out, it will be too late; most farmers are already way ahead of the game.
#shakingmyhead
Profit takers are good, but this is still undervalued on this huge distribution deal.
Most institutions will start buying in the $3 to $5 range. JMO
I'm convinced that Hempistry is a billion dollar company. It would be nice if Jimmy gave us a state of the company update. I'd like to know what's Jimmy's next order of business. I'd like to know where the Hempistry initiative stands after announcing it almost a year ago.
If the BZRTH talks/audits are stalling, why not focus on Hempistry and its powerful position. If 2600 acres has the potential to bring in revs of $300,000,000, imagine what the remaining 20,400 potential acres could do.
2 more weeks until the fiscal year ends, will the company recognize any of the BizRight/BZRTH revs?
I'll stop posting because there's pretty much nothing to talk about. Action stimulates conversation.
Good luck all and Happy Father's Day!
It was a day trader selling at the end of the day. Even if that person bought 120,000 shares at the low of .0311 for $3732, they sold 120,000 for $4044 for a net of no more than $312. LMAO!