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Another dump of 50K shares yesterday and ZERO buy volume.
Why, because traders know this is a scam and will be bankrupt. Fluff news and no real operations.
Bankruptcy imminent...
Criminal investigation concluding, be prepared to see $0 soon.
As noted by Ibizz:
What you should be saying is big deal they are going to sell 25000 pens for at most 1 mil. What’s the cost of those pens? Why isn’t there 250000 pens being sold? The answer is they are a small scale company that does small things. Nobody cares, the proof is in the volume and the share price!!
The bottom line is if this product and all the products they put out are so successful then why such a small scale?
The answer is because triple certified doesn’t matter yet. It will one day, trust me but today it don’t. If you have MJ that a store can sell it will be sold.
If citation or whatever they call themselves this year wants to do anything other then fill the pockets of insiders they need to get building and put out 10 times what they do now and make money doing it! That’s the only way this stock will move. Hate my post or love it but it’s the truth and you know it.
They aren't good, losses will be huge and revenue will likely not be enough to make interest payments.
That's why the note holders are walked it up a few weeks ago, got plenty of retail to buy into hype.
All good! I'll let you know when the bankruptcy filings hit, not long now...
;)
Enjoy and have a great day!
Management are known liars and criminals. They "believe" the products will sell "based on research" is nothing more than fluff and a way to phrase the PR to comply with SAFE Harbor laws.
Notice PR also states the pens are "set for distribution" indicating the distribution channel hasn't been established.
Sorry, more fluff and lies from management.
80% sell volume today. EOD paint job to move it green is typical pump and dump maneuver. PR carefully worded to give impression that 25,000 pens will be distributed, but end of PR shows it’s all smoke and mirrors. Company will not likely distribute 1/10 of that.
Noteholders will start dumping more aggressively now that they know fluff PRs aren’t going to move the needle.
Spot on, there was never any intention to actually have a viable grow operation. The insiders were merely enriching themselves via share grants and excessive salaries. It was easy to get $$ through convertible securities debentures a few years ago based on the Canadian pump, now $ has dried up with lack of liquidity as retail has finally been sucked dry. We are now in bankruptcy stages, where many of the scam companies will have asset forfeited and sold to highest bidders. This company will be one of the first.
Enjoy folks...
Fact is the company has taken nearly twice as long as any other LP to establish its cultivation operation. That was not due to a lack of funding, it was due to inept management who felt resources would be better spent on stock promotion than actual execution of their "business plan."
There is a reason so many FinTwit accounts were recruited to sell the dream and it wasn't because TGOD had a viable business plan from the start.
The fact that Schottensteins got in bed with Defrancesco, Serruya and Honig in their bid for Ohio licenses is really the only evidence needed. There would be little need for those individuals to be involved if there wasn’t something nefarious happening. Although i agree, dilution, short selling and general industry sentiment has weighed heavily on it.
Going to be exposed as one of the most blatant Canadian MJ penny stock scams of all time. Shocking that South Florida entities were involved in the pump and dump. Sad sad sad.
Posting facts about a known criminal scheme such as Marapharm/liht/citation maybe boring, but necessary to keep retail investors from losing money from unscrupulous cons.
Finding someone such as Howard Misle to further perpetrate the scam isn’t difficult in the MJ industry. Lots of “have nots” to choose from and who are willing to do/say anything for compensation. Penny stock fraud isn’t all that complicated.
The Aphria “takeover” was merely for exposure and to shift money around. Cramer pump was timed with conversion of note, classic pump and dump tactic. Someone called in a favor from Cramer and he helped his friends out. No surprise from the hats on Wallstreet.
Breakout board merely indicates increase in percentage of posts. Same people posting here, just more frequently. The lies about growth and profits from management have rendered this stock worthless, which is why the company will be filing for bankruptcy soon.
Watch for financials to be filed soon and swept under the rug.
No one thinks Marapharm/Liht/Citation has a chance to be successful for one simple reason - it’s a known share selling scam. Only thing that will happen is note holders will pump the stock the create liquidity and it’ll be dumped.
Once they have liquidated their cheap paper, expect bankruptcy filings. Enjoy.
I copy and pasted the entire Form 9 for your reading pleasure since you don't seem to know how to find this information.
It's not a bond. Notice how the word "bond" is never mentioned in the ENTIRE document. Why is the "convertible bond" not mentioned in this document you ask? Because it's not a convertible bond. Period. End of story. I'm sorry this is so hard to understand.
FORM 9
NOTICE OF ISSUANCE OR PROPOSED ISSUANCE OF LISTED SECURITIES
(or securities convertible or exchangeable into listed securities)
Name of Listed Issuer: Symbol(s):
Green Growth Brands Inc. (the “Issuer”) GGB
Date: November 8, 2019
Is this an updating or amending Notice: Yes ? No
If yes provide date(s) of prior Notices: Not applicable.
Issued and Outstanding Securities of Issuer Prior to Issuance:
205,933,767 common shares 63,931 PVS.
Pricing
Date of news release announcing proposed issuance: N/A
Closing Market Price on Day Preceding the news release: N/A
Closing
Number of securities to be issued:
3000 in Secured Convertible Debentures (the “Debentures”) of the Issuer.
Issued and outstanding securities following issuance:
205,933,767 common shares 67,157 PVS (assuming full conversion of Debentures).
2
Part 1. Private Placement
Table 1A – Summary
Each jurisdiction in which
purchasers reside
Number of
Purchasers
Price per
Security
Total dollar value
(CDN$) raised in the
jurisdiction
United States 1 C$1318* C$ 3954000*
Total number of purchasers: 1
Total dollar value of distribution in all jurisdictions: C$ 3954000*
*CDN$ amounts based on the US-Canada daily average exchange rate published by the
Bank of Canada on November 7, 2019 of 1.3176.
Table 1B – Related Persons
Full Name &
Municipality
of
Residence
of Placee
Number of
Securities
Purchased
or to be
Purchased
Purchase
price per
Security
(CDN$)
Conversion
Price (if
Applicable)
(CDN$)
Prospectus
Exemption
Total
Securities
Previously
Owned,
Controlled or
Directed
Payment
Date
Describe
relationship to
Issuer
All Js
Greenspace
LLC
Columbus,
Ohio
3000 C$
1318*
Not
applicable.
NI 45-106 s.
2.3
(accredited
investor)
36,090,144
Common
Shares
63,931 PV
Shares
November
8, 2019
Insider
*CDN$ amounts based on the US-Canada daily average exchange rate published by the
Bank of Canada on November 7, 2019 of 1.3176.
1. Total amount of funds to be raised:
The placees entered into backstop commitment letters (the “Commitment
Letters”) with the Issuer to subscribe for and purchase, in certain
circumstances, an aggregate principal amount of up to US$77,325,000
(C$102,796,241) of Debentures of the Issuer. As consideration for entering into
the Commitment Letters, the Issuer paid to such placees an aggregate
commitment fee (the “Fee”) of US$3,866,250, payable through the issuance of
common shares of the Issuer (“Common Shares”) and proportionate voting
shares of the Issuer (“PV Shares”), as applicable.
3
On September 17, 2019, the Issuer notified the placees of its intention to
initiate a draw-down subscription pursuant to the terms of the Commitment
Letters for an aggregate amount of US$3,000,000 (the “Subscription Amount”).
Upon payment of the Subscription Amount, an aggregate of 3000 Debentures
will be issued to the placees.
2. Provide full details of the use of the proceeds. The disclosure should be sufficiently
complete to enable a reader to appreciate the significance of the transaction without
reference to any other material:
The Issuer will use the proceeds from the Subscription Amount for general
working capital.
3. Provide particulars of any proceeds which are to be paid to Related Persons of the
Issuer:
Not applicable.
4. If securities are issued in forgiveness of indebtedness, provide details of the debt
agreement(s) or and the agreement to exchange the debt for securities:
Not applicable.
5. Description of securities to be issued:
(a) Class: Secured Convertible Debentures
(b) Number: 3,000
(c) Price per security: US$1,000 per Debenture
(d) Voting rights: 500 votes per PV Share underlying the Debentures.
6. Provide the following information if warrants, (options) or other convertible securities
are to be issued:
(a) Number: 3000 Debentures
(b) Number of securities eligible to be acquired on conversion: 3,226 PV
Shares
(c) Conversion Price: C$1,225 per PV Share (i.e. the equivalent of C$2.45
per Common Share)
(d) Expiry Date: November 8, 2020
7. Provide the following information if debt securities are to be issued:
(a) Aggregate principal amount: US$1,000 per Debenture
(b) Maturity Date: November 8, 2020
(c) Interest Rate: 15% per annum
4
(d) Conversion terms: The Debentures may be converted, at the option of
the holder thereof, on the Maturity Date, into PV Shares at the
Conversion Price summarized in #6 above.
8. Provide the following information for any agent’s fee, commission, bonus or finder’s
fee, or other compensation paid or to be paid in connection with the placement
(including warrants, options, etc.):
Not applicable.
9. State whether the sales agent, broker, dealer or other person receiving
compensation in connection with the placement is Related Person or has any other
relationship with the Issuer and provide details of the relationship:
Not applicable.
10. Describe any unusual particulars of the transaction (i.e. tax “flow through” shares,
etc.).
Not applicable.
11. State whether the private placement will result in a change of control.
The issuances will not result in a change of control of the Issuer.
12. Where there is a change in the control of the Issuer resulting from the issuance of
the private placement shares, indicate the names of the new controlling
shareholders:
Not applicable.
13. Each purchaser has been advised of the applicable securities legislation restricted or
seasoning period. All certificates for securities issued which are subject to a hold
period bear the appropriate legend restricting their transfer until the expiry of the
applicable hold period required by National Instrument 45-102 Resale of Securities.
Confirmed.
Part 2. Acquisition
Not applicable.
5
Certificate of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly
authorized by a resolution of the board of directors of the Issuer to sign this
Certificate of Compliance on behalf of the Issuer.
2. As of the date hereof there is not material information concerning the Issuer which
has not been publicly disclosed.
3. the Issuer has obtained the express written consent of each applicable individual to:
(a) the disclosure of their information to the Exchange pursuant to this Form or
otherwise pursuant to this filing; and
(b) the collection, use and disclosure of their information by the Exchange in the
manner and for the purposes described in Appendix A or as otherwise identified
by the Exchange, from time to time
4. The undersigned hereby certifies to the Exchange that the Issuer is in compliance
with the requirements of applicable securities legislation (as such term is defined in
National Instrument 14-101) and all Exchange Requirements (as defined in CSE
Policy 1).
5. All of the information in this Form 9 Notice of Issuance of Securities is true.
DATED November 8, 2019.
(signed) “Brian Logan”_______
Brian Logan
Chief Financial Officer
$50,000,000 since inception to not have a Canadian license and a tiny operation in Nevada that produces only enough revenue to pay the water bill.
50,000,000 shares added since August. Clearly stated in Management monthly progress report, which is required by CSE.
Company is Bankrupt.
$50,000,000 plus direct from financials. Maybe some of you should read them sometime.
Let me reiterate, you called it a bond. Feel free to give us an explanation of how, in all your financial wisdom, the convertible debt in this instance is a “bond.”
I’ll wait...
Imagine spending over $50,000,000 and never making a dime. That’s what we have here, bankrupt coming...
50,000,000 shares added to OS in three months. Pump and dump coming soon.
No Canadian operations because HC will never issue these criminals a license.
Lmao, you literally called it a bond. Can I get fries with that order, and a side of bonds? Lmao!
Again, cognitive dissonance. Why explain the difference when it's just "semantics." Keep that 9-5
I'm not the one claiming the latest convertible debt is a "bond."
Clearly cognitive dissonance and projection. Please see medical help immediately.
Anyone notice the big dump on the CSE yesterday?
Also, 50,000,000 shares added to OS since August and the company is effectively bankrupt. Enjoy...
No DD to follow, IMHO. And yes, it’s garbage IMHO. Glta
Spammed. Just giving an opinion. Sorry if that doesn’t suit the insider share dumping agenda.
Lmao, who would buy this garbage.
This is what you call cognitive dissonance. Have fun brochaski.
Ah yes, it’s just a few words with very different meanings within the context of securities trading. No big deal. Lmao, it’s almost as if MJ long term investors have no idea what they're doing. Shocker.
You claimed it was a BOND in such a matter of fact way that I literally laughed out loud. Thinking they are even remotely similar speaks volumes. Good luck man, i mean that.
Natural chart consolidation with low volume. Point is the short volume continues to be consistently high without the typical drop in PPS, which is indicative of bullish accumulation.
Short volume has been off the charts as of late, for no reason other than a small contingency of "traders" in Canada attempting to push us down. Most of their short thesis revolves around insiders Serruya and Defrancesco.
What's interesting is the short volume on the bid has been accumulated without the typical waterfall reaction to the downside. Count on a news event in the near future to squeeze the overzealous short sellers, it's a tactic Serruya and Defrancesco are known to deploy.
No where on this planet is a "bond" similar to a convertible stock debenture. No where. But yeah, definitely got a handle on these pot stocks...
Overpriced by about $.291
Proof of imminent bankruptcy posted by the company itself in NRs and filings. Expect court filings shortly.
$600 in volume, that’s amazing! Lmao, expect the dump right before bankruptcy filings hit.
Assigning interest in a company that doesn't make a product or profit, for the sole purpose of selling shares to unsuspecting retail investors.
"In consideration of the Amended Agreement, the Company agreed to terminate its joint venture agreement with 1186626 with respect to the Chase property located in British Columbia. Additionally, further to the Company's press release dated April 22, 2019, the Company agreed to assign all of its right, title, interest in and to the Bud For You Inc. to 1186626."
Notice how they didn't mention receiving any additional funds. Can't wait to see their balance sheet...bankruptcy imminent.
Now that we know the company will be bankrupt shortly, expect to see some PRs making wild claims about "potential" profit and expansion. These will all be released with the sole purpose of creating volume to allow note holders to dump their cheap shares.
Bankruptcy is imminent...
Now that we know operations in Canada will continue to be a dilutive blackhole, only thing shareholders can expect from the inept management is PRs meant to unload shares for noteholders and insiders. The dilutive death spiral financing will inevitably result in a $0 MC and bankruptcy. Enjoy...