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Bought in today and trying to buy a few thousand more... Did a lot of DD on this company, significant catalysts outside of the Farm Bill and acquisition buzz... they're the real deal... nice price point in the $1.30's...
$VRNDF
I'm surprised this even went green yesterday... looks like it's struggling today and a top may be put in... right there with you on your price point for a trading bounce... sifting through the recent developments and fact checking, my conclusion is that this company is nothing more than a smoke and mirror sideshow... I believe Citrons price point is close to accurate...
Very similar to $PHOT back in the day... they are bulding their company on a pipe dream & PR that retail investors are eating up... insiders selling while having shareholders pledge to hold for a period of 90 days is a huge red flag... very bizarre and unethical on all levels...
IMO $NXTTF has virtually a zero chance to up list if even a fraction of what Citron stated is accurate... fact check and do your own DD before discounting negative info... you'll be surprised what you'll find...
It's becoming clear why $TLRY pulled out of their deal with $NXTTF... I would be concerned about current partners also bailing in the future if additional incriminating information comes to surface...
There is no place in the 420 space for companies like this and the legit player know it... this is nothing more than a retail investor play manipulated by insiders from what I see...
Good Luck all... JMO...
Auxly and Delta 9 Announce Strategic Investment and Supply Agreement
VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX:CBWTF) ("Auxly") and Delta 9 Cannabis Inc. (TSX.V -NINE) (“Delta 9”) are pleased to announce that the parties have entered into definitive agreement (the “Agreement”) whereby Auxly will make a strategic investment to fund the expansion of Delta 9’s licensed cannabis cultivation facility in Winnipeg, Manitoba (the “Facility”) and provide general working capital to Delta 9.
Pursuant to the Agreement, Auxly has subscribed for 5,909,090 common shares of Delta 9 (each a “Delta 9 Share”) at a price of $2.75 per Delta 9 Share, representing a total investment of $16,250,000. In exchange, Auxly will receive the right to purchase a fixed amount of dried cannabis and cannabis trim from the Facility and its expansion for a period of 10 years. Effective January 1, 2019 and until January 1, 2029, Auxly will have the right to purchase 1,000 kilograms of dried cannabis per annum as well as 100 kilograms of cannabis trim. In addition, effective July 1, 2020 and until July 1, 2030, Auxly will have the right to purchase an additional 4,000 kilograms per annum as well as 400 kilograms of cannabis trim.
Auxly and Delta 9 will jointly work to negotiate and enter into a supply agreement for the creation and supply of certain value-added cannabis products from Auxly’s wholly owned subsidiary, Dosecann Inc. (“Dosecann”) as well as a retail collaboration agreement whereby the parties will pursue various retail collaboration opportunities.
Hugo Alves, President of Auxly, commented, “As the Auxly platform has matured, so have the depth of our relationships and the caliber of our partnerships. Today, we are incredibly pleased to be announcing this strategic partnership with Delta 9, a high-quality cannabis operator we have admired since the early days of medical cannabis legalization. We believe this partnership provides an incredible opportunity for us to collaborate to affirm our commitments to our medical patients but also to work together to develop a robust retail platform for the recreational market across Canada. We look forward to working with John and his team at Delta 9 as we move into legalization.”
John Arbuthnot, Chief Executive Officer of Delta 9, commented, “This financing and strategic agreement is one more piece of the puzzle for our company as we prepare for legalization in Canada, and our upcoming expansion into Canadian and international markets. The Auxly subscription follows the recent Delta 9 announcement of a loan agreement with a Tier 1 Canadian chartered bank for $12,000,000, and the $23,000,000 prospectus financing in December 2017. We are now well funded not only for our current phase of expansion through 2019 but have a war chest we can use to seize new opportunities that Delta 9 has been working on for several months. Our partners at Auxly are leaders in the global cannabis industry, and among the most knowledgeable and influential companies in the space. We feel the partnership will be of great benefit to Delta 9, to Auxly, and to the subsidiaries that Auxly owns.”
ON BEHALF OF THE AUXLY BOARD
"Chuck Rifici" Chairman & CEO
ON BEHALF OF THE DELTA 9 BOARD
"John William Arbuthnot IV" CEO
Delta 9 Extends Partnership with Canopy Growth; Joins CraftGrow Program
WINNIPEG, Nov. 28, 2017 /CNW/ - DELTA 9 CANNABIS INC. (TSXV: NINE) ("Delta 9" or the "Company") has entered into a national distribution agreement with Canopy Growth Corporation ("Canopy Growth")(TSX:WEED), the country's largest producer and distributor of cannabis under the Access to Cannabis for Medical Purposes Regulations ("ACMPR").
Under the agreement Delta 9 will offer their already well established cannabis products through the curated CraftGrow line via Tweed Main Street's online store.
The agreement extends the existing cooperation between Delta 9 and Canopy Growth. In July this year the two companies jointly submitted an Expression of Interest outlining their proposed participation in the Manitoba market, including supply and distribution functions where possible with both companies pursuing privately owned and operated retail.
"Our company is excited to further our growing partnership with Canopy Growth," said Delta 9 CEO John Arbuthnot. "We are already working closely on a project to jointly serve the growing market in Manitoba; this project brings Delta 9's craft grown cannabis products to a wider national audience through Canopy Growth's well-established CraftGrow network."
Delta 9 was founded in 2012, and quickly became the fourth fully licensed producer and distributor of medical cannabis in Canada. Currently operating an 80,000 sq. ft. production facility in East Winnipeg, Delta 9 is focused on growing small batch, hand trimmed medical cannabis strains in its innovative, self-designed Grow Pod systems.
As Manitoba has recently unveiled its proposed cannabis distribution model, which includes private sales, Delta 9 will collaborate with Canopy Growth to pursue the provincial authorization needed to serve the local market with consistent high-quality standardized cannabis products, while gaining access to consumers across the country through Canopy Growth's online marketplace: www.tweedmainstreet.com.
"We recognize the varied needs of our patients and through the CraftGrow program we aim to bring them the highest quality products from a variety of producers that each bring a unique offering forward," said Mark Zekulin, President of Canopy Growth. "Delta 9 is the ninth participant in the CraftGrow program but the first established producer with years of experience operating as a vertically integrated business itself. We want to promote the value of our platform approach and welcoming Delta 9's products to our shop speaks volumes about the program itself."
As announced last week, Delta 9 is rapidly expanding its production to meet the expected increase in demand following legalization of recreational cannabis. The company began construction this week on an additional 143 grow pods at its Winnipeg facility, each capable of producing between 30 to 32 kilograms of craft cannabis annually.
Awesome news out today!... the market cap is ridiculously low... .30+ EOW IMO...
VANCOUVER, British Columbia , Sept. 18, 2018 (GLOBE NEWSWIRE)
-- CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) announced today that it has received an updated building permit for its Washington “The Dozen” Project. CROP had previously revised the building plans to include upgraded access roads and a new staff facility, including restroom and break-room.
The company has completed 90% of the construction of the first six (6) purpose-built proprietary greenhouses and will now complete the final construction for site approval. Phase one of construction, consisted of site preparation and foundations for twelve (12) purpose-built indoor agricultural canopies encompassing a planned total area of approximately 44,000 square feet.
Each completed phase will be leased to licensed tenant growers along with brand licensing and the CROP SAFE Standard Operating Procedures (SOPs). The site currently allows for about 176,000 square feet of canopy space.
The 12 indoor growing facilities will benefit from a regional electricity rate of $0.02 /kWh USD and based on internal calculations provided by CROP’s expert consulting partner, should result in tenant cost of production of less than $150.00 USD per lb. ( $0.33 per gram) with adherence to the CROP SAFE Standard Operating Procedures.
CROP Infrastructure Director and CEO, Michael Yorke , stated: “Once the project is completed this will serve as our CROP SAFE production model for all our future builds across the globe. We intend to have strict replication of our growing procedures to get the best return from every square foot of growing space and the lowest cost possible for our tenants.”
About CROP Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California and Washington State , Nevada , Italy , Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of assets including Canna Drink a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.
Exactly!... that's where $CVSI is delinquent... production agreements with major producers for their oil outside of their current distribution channels and raising additional money to scale their business model...
Lets be honest... major conglomerates are into capacity... capacity in large volumes creates substantial revenue... $CVSI doesn't have the capacity nor ability to keep up with possible demand, not to mention their product comes at a premium...
Coke, Pepsi etc look for cheaper alternatives to maximize profit... ex... GMO corn syrup rather than sugar... its all about cutting cost and feeding their bottom line... they look for size and scaleability... unfortunately neither is the case with $CVSI...
The larger players have options!... they can easily raise money through offerings and other private or public equity deals to facilitate growth... exactly whats happening and the reason why those companies valuations are ridiculously high... they have cash in the bank and a lot of institutional interest... $CVSI doesn't have the investment banking backing or the production and distributions channels in order to grow at the same pace as the larger industry players...
The comparison between any of the lager 420 stock to $CVSI is absolutely ridiculous... they're not even close to being in the same arena...
To think a lot of the recent price action isn't baked into the price of most 420 plays would be short sighted... simple question... if the farm bill doesn't pass does it affect the price of the stock...
Personally... regarding the space... I'm more cautious at this point and less optimistic over the short term... earnings need to catch up to price.. valuation is certainly out of wack however there are still bargains out there like $CVSI... let's face it... M&A rumors and farm bills are not the true driving force behind sustainable price action... earnings..revenue and growth are!...
Been trading weed stocks since 2012... this is the most overextended I've seen the industry... it only takes one to bring them all down... be cautious my friend... one pin pops the bubble...
Excellent!... thank you for asking... I was trading options and futures contracts all day and did very well... ya... I'm really not too concerned with a measly .12 gain in this sketchy OTC cult stock...
I can sleep tonight knowing that I'm out of my contracts and in cash... hope you can say the same here... bottom line... negative news cuts the share price in half... I'll consider buying then... lots of quality, well managed, revenue producing 420 companies out there... Good luck with your $NXTTF investment...
Looking to get back in... hope to buy in the .32 - .36 range... good company that isn't getting the respect it deserves...
$TGIFF
Robert McAllister... making all the right moves... they guy is a bulldog!... it's reassuring to see him buying $ENRT stock!...
I bought him not the company... one of these ventures will eventually work out..
$ENRT
http://www.proactiveinvestors.co.uk/companies/news/204077/enertopia-chief-robert-mcallister-looking-forward-to-low-cost-drilling-program-in-clayton-valley-204077.html
What's inaccurate?... anyone fact check?... any insider here that can either confirm or deny what is written in that piece?... anyone involved with the 90 day holding party?... or is it all nonsense because investors don't want the truth?... so many layers to this story that need to be sorted out... very bizarre if you ask me...
Why did $TLRY really pull out of their deal?... this is about the macro not Lefts BS article... $TLRY bailing, ethics, self enrichment... perfect recipe for disaster... all these clowns including the market making pumpers are all on damage control...
They went to the well one to many times... greed does that...
Good luck my friend!...
This is a 100% sell after reading the facts... no two ways about it... this company seems like they are more interested in self enrichment and self fulfillment BS rather than building shareholder value...
This is very similar to $PHOT...
NXTTF... shaping up to be a scam... $TLRY kmows it...
$CRXPF... doing all the right things... the stock is undervalued... lots of upside potential here...
http://www.proactiveinvestors.com/companies/news/204969/crop-infrastructure-looks-to-capitalize-on-the-green-rush-204969.html
Sounds very $PHOT esq... don't know if you were around back then... I was... ;]>... why did that $TLRY deal go south?... still no answer...
This is the authors opinion... subjective... just because it fits what you want to hear doesn't mean it's accurate...
Too comical...
It's the reason why the stock recently ran... the same reason why it's selling off... no need to belittle the possible impact... IMO the stock continues to sell down into the low $1's...
Something went sour... we do know why... now there's doubt... last week that doubt wasn't there... doubt causes panic...
That seems to be the case here... can't get straight answers... just attacked if you aren't on the cheerleading squad... many unanswered variables before this is considered a legit play and not a pump and dump...
I believe Left is on to something... I also believe $TLRY wanted out as quickly as possible for a reason... draw your own conclusions...
I'd like to buy this at .50... if Left is right... I'm a buyer around that price point... I have questions... I want answers... it's just business... why was that deal squashed?... no one can answer the question...
Buy on rumor sell on news... it was bid up days before news decemenated friend... unfortunately retail investors are the ones getting screwed here... it was already too late at $2.00...
LMAO!!!... now that is funny... you made my day with that comment my friend...
Good luck!...
Ya... iron gut... anyway... why did Tilray bail days after an announced deal?... still no answer... you may need an iron guy just to stay in this stock... $TLRY ran for the door... smart investors seem to be following... what went wrong there?...
Ask yourself... why did Tilray bail just days after they announced the deal?... no one cares about AI that will take time and money to inregrate... they care about distribution deals... big fail!... something else is going on here... it looks like Tilray wanted out as quick as possible...
Weed Inc. CEO Faces New Accusations Of Insider Trading
https://www.greenmarketreport.com/weed-inc-ceo-faces-new-accusations-of-insider-trading/
No wonder why the price is where it's at... The CEO seems like a total scumbag creep...
We'll never know... that's the problem...
Tilray terminating their supply agreement with $NXTTF is a deal breaker... keep in mind that there are plethora of suppliers out there that are well positioned... there are not many sizable players to ink deals with... the question is... how much is the deal was priced into the stock?... how much farther will it fall?...
At or around the time the $TLRY deal the stock price was approximately $1.5...
$1.35 - $1.60 bottom IMO...
Searching for Canopy partners and I came across $VRNDF... I like this... cash... deals... no dilution and no debt... sizable warehouses that are scalable... minimal operational cost...
Looking to buy at the right price...
I see they also have pending lawsuits... that I don't like... just a trade IMO... the future looks uncerain... JMO...
Reply to one of my board post for that specific stock... I like $INSY from a technical standpoint... Nice base here in the low $8's... baring sector pressure, downside is limited... I know nothing about them fundamentally...
InvestmentPitch Media Video Discusses Crop Infrastructure's Developing of a New Cannabis-Infused Line of "CANNA DRINK" Zero Calorie, Non-GMO Soft Drinks
https://finance.yahoo.com/news/investmentpitch-media-video-discusses-crop-155700562.html?.tsrc=rss
$CRXPF... shining start in my 420 portfolio today... solid day put in so far...
Namaste's illegal activities and Quebec investigation in $N for violation of laws
Look out below... Citron's at it again...
https://twitter.com/CitronResearch/status/1040644210284789761
Looks strong... almost in the green... nice to see a new base forming... news was good... bad time to release it IMO...
Good buying opportunity... predicting higher prices short term...
$CRXPF
Too much caffeine again today?... why the attacks?... sorry my opinion differs from yours from time to time... isn't that what these message boards are for?... take a deep breath son...
You're wrong...
$CVSI
Just saw this... very nice!... should offer some decent support if the sector continues to sell down... maybe a pop...
Damn they should have released all this PR last week... the price would be .50+ IMO...
Regardless... kudos $CRXPF!
Billion from Constellation Brands... billions from public and private financing... IPO's and secondaries going off left and right... international acceptance and expansion... etc... etc...
Point is... the industry is expanding at a breakneck pace... lots of big cash at stake... as we know... many big players are late to the game... IMO they are who are creating the rough road...
Everyone wants to ensure they get their slice of billion dollar pie... they're all corrupt... they have the cash and the power to ensure the train doesn't leave without them... ALL SMOKE AND MIRRORS... ABSOLUTE BS!...
Makes for a great trading market though...
$CVSI
Consider this article a gift... poorly articulated attempt to sabotage vertically integrated companies... Now we have the government stepping in... IMO this part of an orchestrated attempt to ensure business is done within borders...
They don't care about individual citizens... they care about the billions of potential dollars lost to both north and south...
This is macro... not micro...
Unfortunately looks like $CVSI will see $3's today... almost time to buy... I hope you all do the same...
Sitting a handful of ticks off the year low... it's time for this to move... not break down...
Close to max pain...
Are you frickin' kidding me $GBLX??? The rug got pulled just like that... +6% to down 4% in a matter for seconds... ZERO support... need some news...
Eff these market makers!...
$GBLX...