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Well, you know what they say, "One man's garbage is another man's treasure!" $LOFB...
Why, just because it hasn't happened in our time-frame? Patience here is the key, it's coming, $LOFB shares that is! And if Leaf of Faith trades as expected and finds support at $.10 and then quickly moves to $.20 as was projected then absolutely the value is in the spin-offs!
So, I didn't make anything on my VGID shares though I didn't loose much either, but, I will pick up a ton of $LOFB shares in the process. Now, if it trades at $.10 as it is currently; Medi Mike said he will or it will find support at $.10, then that will = $1.3 mil after taxes for me and that my friend is where the value is at. Then, for every mil Mike makes for the company is another mil for me! Furthermore, from my perspective at least, Mike is working his ass of to make this company a success with Buzzy's help; have you seen his Patience Instagram page? All I can say is wow, he has got way more energy and network than I could every muster... I believe this is going Nationwide especially with Martin Archer and the team he has put together, woohoo! Go Medi Mike, go $LOFB!
Losing the Colorado Hemp farm is a big loss but, you know what they say, "Nothing ventured nothing gained." Now, the permitting, construction, and the CO delay is common and just part of doing business especially in California these days; just wish Matt had told us a little sooner. That said, all will be forgotten, forgiven when they turn on the oil spigot and start manufacturing CBD oil at $8,000 per liter. August 15 is just around the corner, go $GCGX.
Yeah, simple math: 3 machines, each extract 5 liters per day = 15 * 20 working days per month, 60 days per quarter. 1.5 months = 30 days in the 3rd quarter if the CO comes on the 15th of August. So:
15 * 30 * $8,000 dollars per liter = $3,600,000
Infused Edibles = $500,000
Tahoe Distribution @ $50k per week * 6 weeks, 1/2 the quarter = $300,000
3rd quarter Total = $4,400,000
Imagine Q4 at full production with just these 3 machines but, by the 4th quarter I expect we will have purchased 1 or 2 additional machines each capable of extracting 25 liters per day!
Even if they only operate the 3 extractor machines we currently have at 5 liters each per day for half a quarter, that's $3.5 mil for Indulge and then add another $.5 mil for Infused and perhaps another $300k for Tahoe distribution, puts us at $4.3 mil potentially in Q3, 11/15/19: We are currently are at 750,000,000 mil Outstanding:
OS: 750,000,000
Quarterly: $4,000,000
Yearly: $16,000,000
Yearly EPS: $0.0213
Multiple: 24
PPS: $0.51
Not bad at all. $GCGX.
Yes, the stop sign is about to come down, the CO is coming, the oil spicket will turn on, and then the revenues will come, no if ands or buts about it...
Then also; have you been watching all that Nightfoods is accomplishing of late; Richard Sherman, Nation wide, and a new ice cream? Between Infused Edibles and Indulge Oils we have a clear winner here, no doubt about it... $GCGX...
I know you know what I meant but to set the record straight, margins would have been high for the VIP lounge!
I think you know that ToMaRa is no longer in play because the VIP lounge is no longer in play... We can now concentrate on manufacturing CBD oil instead and this is a good thing!!! Two reasons:
1. The deal would have cost a lot more shares.
2. Margins would have been low, employees, management, salaries would have been high!
Wrong, Matt did mention the dispensary that he and Tom own and created in Tahoe and that they would commence distribution as soon as they received the certificate of occupancy, around 8-15-19! When it comes to construction this is common, quite common; where you going with this Cap?
$GCGX is Just clearing the runway for takeoff:
1. File q1 report
2. File audited report
3. File attorney letter
4. Take down that stop sign!
5. File the s-1 to uplist to the otcqb
6. Finish build-out for permits we have
7. Get certificate of occupancy, (CO)!!!
8. Runway is clear
8. Turn on the oil spickets August 15th
9. File Q2 report on or before August 15th
10. Uplist complete to the otcqb
11. Start phase 2 of the build out
12. Purchase one or more new extractors
13. Hemp oil 38 l/day in the 4th quarter
14. File Q4 report
15. Full production equals $18 mil Q4
16. Cleared for takeoff, woohoo!
I agree, undervalued. Although, that's all about to change when the Q1 is posted along with the Attorney letter, the company goes current, the stop sign comes down, the audited financials are released, the second quarter report is filed on time meaning on or before 8-15-19, the S1 is filed to up-list to the OTCQB. Now, that is a lot going on here before the middle of August. And, we have to maintain a $.01 in order to qualify for up-listing to the QB. So, transparency is key here and I expect a number of press releases between now and then. Go $GCGX.
Nicely done and one way or another I believe they will generate the income to support the $4.00 PPS and within 1-2 years even with the setbacks. $GCGX.
Probably next week as Friday is not the best day to release financials.
The Food and Drug Administration (FDA) is reviewing the use of CBD in food and drinks. Mondelez International, the maker of popular brands like Oreos and Chips Ahoy, hinted at adding CBD lines of snacks once legal. It’s likely that most large packaged food brands are considering similar moves.
Once we see signs that the FDA is open to allowing CBD in foods and drinks, there will be a race for big brands to partner up with hemp and CBD producers.
The ultimate catalyst for a surge in pot stocks is a credible move toward full legalization in the U.S.
https://banyanhill.com/innovative-cannabis-products-lead-market-2-ways-profit/?utm_source=WID-Newsletter&utm_medium=Email&utm_campaign=Daily-Article-Traffic#readmore
Well yes they can get to the NASDAQ but without this revenue they would likely have to do a reverse split. See the following, this revenue would support a $4.00 PPS without a RS: Remember, let the market dictate:
OS: 1,200,000,000
Quarterly: $50,000,000
Yearly: $200,000,000
Yearly EPS: $0.1667
Multiple: 24
PPS: $4.00
Once we get the Certificate of Occupancy (CO), it will be full speed ahead and there will be no looking back. With the 2nd phase of the build-out they will certainly acquire the new extraction machine bringing their capacity to 38 liters per day again, $18,240,000 per quarter, and $72,960,000 per year. The 3rd quarter will only be a partial quarter for Indulge oil production as the CO is projected to come in the middle of the quarter but, by the 4th quarter I expect they will be in full production at approximately 38 liters per day. And, with 60 working days per quarter that's potentially an $18 million dollar quarter before the end of the year!
Now, what if by next year, 2020, they purchased a total of 4 machines each capable of extracting 25 liters per day together with the 3 machines we already have each extracting 5 liters, well, that would send our revenues to over $55.2 million per quarter, $220.8 million per year and a potential PPS of over $4.00. Imagine that, this is exactly where we need to be in order to up-list to the NASDAQ. This just shows that we can still get to the NASDAQ without the Colorado Hemp farm, but, don't count it out just yet or the one in California or New York either. Hell, it's early, once we get our feet on the ground let's plant them all!
Go $GCGX.
I don't expect much in the q1 report in revenues as Edibles is the only source of income on line right now. Ideally, Indulge Oils should have been producing oil for the last 6 months, filling LOIs as fast as they can, however, if they were producing oil right now at let's say their previous location then they would have never sent that new machine back...
That said, the q1 report and attorney letter will bring us current and that is progress. Then we should start getting press releases and updates such as an updated revenue projection for 2019-2020. If Indulge Oils just concentrates this year on filling those $38.4 million dollars of LOIs well that's plenty to get excited about still. And then with Edibles' partnering with Nightfoods and MJ Munchies and their Half-baked brand to market and sell our award-winning products, well that's plenty to get excited about too! One more thing, with Indulge Oils, their revenue is highly scalable, all they need to do is purchase a couple more machines and manufacture more oil and we're talking huge revenues! $GCGX.
Besides, I said the same thing you did, after they file the paperwork and are current we will likely get an announcement regarding this partnership... Just keeping it real.
Agreed, I too believe it will be a great partnership between Global's Infused Edibles and Knighthood's MJ Munchies. We will soon be marketing and selling a number of our award winning products under the Halfbaked brand. It's likely we will hear an announcement regarding this partnership soon after we are current and that could be next week after the Q1 report and the Attorney Letter... $GCGX!
Agreed, I think as stated the farmer was trying to cover losses, the crop was planted late, did not mature, and in the end the crop was determined a total loss; it's a shame. However, if there is this much, so much promise in hemp then it's worth while pursuing and they will try again...
Folks, we are number three on the breakout board and there is real interest here. I think Global is producing oil, CBD oil that is, right now in another location and with the first quarter report due in just a few days, perhaps right after the 4th of July holiday, I hope we will see significant revenues and earnings and then again in the second quarter report due by August 15th! $GCGX...
Alrighty then, I'll take your shares at par... $LOFB...
Thanks. I think we're okay here, Global has a foot in the door and that's no small feat in California in the legal Cannabis business. All they have to do now is just continue to grow and turn this into a formidable business and force to be reckoned with; we will be rewarded! $GCGX...
Well, I'm not happy either, so much promise it seemed in the hemp farms. However, that's why they called it a test planting. Better to have lost 15 acres then to have lost 1,500 acres, oh my! I think / I guess we dodged a bullet!
They've had a few green days over in Nightfoods and you should hear what they're all saying now. Soon it will be our turn, Global will have its day, Green days of plenty are coming and everyone will be singing a different tune here too!!! $GCGX...
For what it's worth, $GCGX is number 6 on the breakout board!
Really, five years; how do you figure?
Indulge Oils Already has LOIs for $38.4 Million. Now, if we get a Certificate of Occupancy Aug 15 = 1.5 months left in 3rd qtr and we have:
3 machines @ 5 liters per day = 15
Dollars per Liter = $8,000
Working Days per Quarter = 60 days
Half a quarter = 30 days
Quarters per Year = 4
Dollars per quarter = $3,600,00
Dollars per year = $14,400,000
Now, 3rd qtr:
OS: 1,100,000,000
Quarterly: $3,600,000
Yearly: $14,400,000
Yearly EPS: $0.0131
Multiple: 24
PPS: $0.314
Add a 4th machine in the 4th quarter for a full quarter and see the following:
4 machines = 38 liters per day
Dollars per Liter = $8,000
Working Days per Quarter = 60
Dollars per quarter = $18,240,000
Now, 4th qtr:
OS: 1,100,000,000
Quarterly: $18,240,000
Yearly: $72,960,000
Yearly EPS: $0.0663
Multiple: 24
PPS: $1.592
In 2020, all we have to do is scale this up a bit, double the production, and add all of Global's income streams and we're at $4 per share by 2020 and that's not five years from now and I don't think this is overly optimistic either...
$GCGX...
I know, what's your point? last year they said they were planning to plant 150 acres in the spring and 600 acres in the fall but then we never heard anything except radio silence!
Well, it's possible that without the CO the first and second quarter may not show much in way of earnings although, Indulge does have 3 extraction machines and they did say they bought hemp biomass to start processing oil to fill the LOIs clear back in January. So, perhaps they are processing oil off site at their previous location, not in the Cannabis mall. I'm hoping that the first quarter shows revenue and then the second quarter will show revenue too. Matt has been indicating for instance that they would have money to buy back shares if the price drops so they're getting money from somewhere besides Edibles and likely it's from the sale of CBD oil I hope. Anyway, we will find out soon enough, after the 4th, when the first quarter report is released.
Why can't you post Matt's emails here or summarize at least?
Let's keep in mind first that all cannabis companies are experiencing growing pains throughout Canada and the US. For instance, I have a friend in Washington State that has to go back to California again this summer for the second year in a row to help his kids manage the family Cannabis business. It's not easy, especially in California and some will not survive.
Matt's goal still is to uplist to the NASDAQ and though it might take a little longer, it is a great goal and I support it. And, to get to the NASDAQ we must achieve a $4 price per share and hold it. Again, it might take a little longer but we have options: we could plant the farm next spring if they can work out a deal or maybe we just buy a couple more extraction machines, buy the hemp biomass, and process more oil. So, instead of 10 or 15 million dollars of oil per quarter, perhaps we can do 20 or 30 million dollars per quarter of CBD oil; seems there is plenty of demand!
So, $30 mil times 4 quarters equals $120 mil per year and that equals potentially $2.40 at 1.2 billion shares outstanding. Although, if we end up at just 1 billion shares outstanding then that would be a price of $2.88 instead and then when you add the rest of Global's income streams then we're getting pretty close to that $4 price per share; bump the multiple from 24 to 30 times earnings and then we're already at $4 per share. Now, I don't know what the margins are if we have to purchase the biomass though if the demand is there then this is scalable and might just be the best way to achieve our goal of getting to the NASDAQ. All we need now is the CO! Go $GCGX...
That's right, indulge oils has three machines still, each capable of 5 liters per day. That's 15 liters per day * $8,000 per liter and then they are going to purchase the large extraction machine at 23-25 liters per day, in phase 2 of the build-out, for a total of a 38 liters per day * 20 days per month, 60 days per quarter, equals $18 million potentially per quarter.
Now I'm here to tell you that just $3 million dollars per quarter is enough to make some of us hear a millionaire after taxes potentially; just need $.24 cents and I see a lot more then that in here despite the Colorado Hemp Farm losses which was/is very disappointing to me too but not the end of the world. Go $GCGX...
I understand and thanks. I am hoping that Mike's plan, all of his connections, his energy, and the industry will carry the day! Anything is possible in the OTC. $LOFB.
I have great faith in Medi Mike and believe we have a big hit here! The following is from the latest quarterly report: Go Mike, $LOFB...
"After twelve (12) months of operations, the Company has a goal of a minimum of twenty (20) distributors located in specific geographical locations selling a minimum of 500 cases of Patience CBD per month. The minimum goal is ten thousand (10,000) cases of Patience CBD per month generating $150,000.00 per month and be on a pace to generate revenue exceeding $1,800,000.00 in that year. This does not include revenues generated from events and festivals.
Once the Company surpasses the One Million Dollars ($1,000,000.00) in revenue goal, growth can be accomplished quickly. With a cash flow exceeding One Hundred Thousand Dollars ($100,000.00) per month, the Company will have the capability of placing sales persons in specific regions of the Country to bring on new distributors and to help grow distribution within existing distributors."
OS: 300,000,000
Quarterly: $500,000
Yearly: $2,000,000
Yearly EPS: $0.0067
Multiple: 25
PPS: $0.1667
Quarterly: $750,000
Yearly: $3,000,000
Yearly EPS: $0.0100
Multiple: 25
PPS: $0.2500
Now, PPS $.25 X 13,041,667 shares = $3,260,417 dollars in my account. In other words, for every $1,000,000 dollars Medi Mike earns for the company, he puts potentially another cool million + in my account. And that's at just a multiple of 25; what if it hit a multiple of 250 as Tilray did, woohoo!!! Bottom line, Mike and Buzzy are working their asses off to make not just me but us millionaires. So, don't let anybody tell you that there is no value in Buzzy's spinoffs because I'm here to tell you that from where I sit there is clearly value here and it is very exciting to watch as this brand new company is being birthed! $LOFB...
VLNX shareholders were reverse split not LOFB share holders and Doc you've been around long enough to know that. So, if you remember, Buzzy warned in the CC that we shouldn't buy vlnx because of a potential RS. Well, all that's past now, there was a 1,350 for 1 RS, out with the old and in with the new, and the new LOFB share structure has been established: 500,000,000 AS, and about 300,000,000 OS and our shares are about to be disbursed per the agreement of 1 share for 12 shares of vgid. Now, as soon as $LOFB goes current, should be, could be today, then the disbursement will start and Buzzy says the process usually takes up to six weeks.
Okay then, you're obviously winning, so, we'll both buy shares at .0001 and make a mint on the next run and the next spin-off; that's what you wanted me to say right? Buzzy is a cash cow, woohoo! $LOFB...
Why is it, when it comes to Buzzy, everything he does is nefariousness to you? First, may I remind you that he is not taking a single share of the spinoffs. Do you know, that would have been about 68 million shares as he owned about 1 billion shares on the date of record. Also, he does not take a salery though has received shares in lieu of. He has not sold any shares nor does he have any intention of selling shares in the foreseeable future and that this is positive thing for the shareholders because it means half the outstanding shares are locked up tighter than a drum. Did you know that he uses shares to sweeten the deal and secure contracts, that he is using his money to build the first Hollywood Star Hair Cutter stores. Bottom line, Buzzy is not diluting willy-nilly or pocketing your hard-earned money, he is building his business, this company, and shareholder value... Go Buzzy!
P.S. I'm not here to carry Buzzy's water, I'm here to make a $millions...
Exactly.
One more thing, deplorable governance, I think not as I have not ever been in a single OTC stock that has been able to audit their financials...