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Except Hemp Farm Bill Is A Federal Law Change
This isn't a "sell the news" event, nor the same as Canada's legalization day. This is a federal law change for an 82 year old nascent industry that legalizes hemp and it's derivatives at a federal level.
Canada had a ton of media coverage prior to legalization day, so they didn't get the traditional mania because it was baked into the PPS's. Also, Canada can't even be compared to the US in terms of potential customer base. Remember, the US Hemp/CBD industry is looking to grow to over $20 billion by 2022.
How many people even know of the hemp provision in this farm bill? Do your friends and family even know it will be legal 1/1/19? Media coverage has just started and hemp legalization day has yet to come. We should see a slew of institutional money hit the hemp/CBD sector, as well as a boost from heavy media coverage.
It would be unwise to not hold until after hemp legalization day (1/1/19). Take a look at MJ stocks from just before CO went rec on 1/1/14. In GRNH's case, you can literally see the PPS jump from .025 to $1.20 within 10 days, STARTING on CO legalization day 1/1/14. This is only 1 of many examples from then. I don't know about you, but that seems well worth waiting it out. NOT that KGKG even needs the mania!
KGKG has such strong fundamentals, management, and transparency with a shareholder focus, they will succeed without, and that is a huge selling point to any institutional investors or even retail investors like myself that want to get into a very strong company with tons of national potential.
Thank you almighty sleek. Small position for now but I'll have major hemp in possession tonight. I'll review honestly and for it's intended style, which is a Brown Ale.
Rest of my order never filled at .0485 so I had to slap those .055s, dang. At least I'm in.
Figured it out. I missed a 0 on my order... that's what I get for depositing funds, and purchasing within 5 min lol. Got the rest of the order ready for the morning.
If I wasnt so bullish on KGKG and VATE, I'd jump in much bigger. Like CNBC said, "buy them all, close your eyes, and walk away"
Actually, only part of it filled. Odd, etrade said it executed.
Thanks for the reminder sleek. Literally just deposited 2k into my brokerage (rest of my money tied up, thank god for same day deposit on portfolios over 25k), and made an order for 41,000 @.0485 and executed right before bell like a boss. I'm in boys. I'll be stopping by Binny's tomorrow on my way back from Chicago to pick up some Major Hemp. I actually used to review beer for a hobby on beeradvocate.com so I'll be doing a review for this beer tomorrow or Friday. Wish I had more funds to toss at this.
Agreed. 20-25% green close on air. I didnt think we would see a pop until January, or at the earliest after tomorrows signing, but I will take it!
It's like any other market maker. Sometimes dilution is part of that, doesnt mean anything. Cant tell you how many times I've heard that about certain MM's, but when you read up on them, their site, they literally are just market makers with every OTC stock in their portfolio in many cases.
Yes. I'm working on closing 1 actually. They may even use the Calabasas Cooler recipe that Kona shared over Thanksgiving.
Bacardi and Kona
Bacardi Superior and Cherry Vanilla
Completely agree. Maestro Chris going to send us to the moon.
Completely agree. That's great what you PM'd btw. I think we are in for a great New Years and January in general.
Nice how she trended up today
Manufacturing/distribution/supply chain is a business of scale. If things get too hot too quick, the result can be losing customers. Chris told me a story of a business that had something like that happen. I wouldnt expect to see a commercial anytime soon. In fact, Arizona Tea has never had a commercial, yet everyone knows the brand. It's about word of mouth and quality of product which KGKG has plenty of both!
That would literally kill KGKG. Overload their phones with orders they cant fill. Superbowl commercials and commercials in general are for well known established brands that are in every walmart, target, walgreens, etc... so that when the commercial hits, everyone hits their local retailer for product. We arent anywhere near that yet.
Just because it's not freely floating or part of the float, doesn't mean it's not tied to PPS. Remember unrestricted is still tied to market cap, so when they do convert 60:1 to common stock, it would be w/e the PPS value is at that time.
CNBC Agrees Hemp Mania
I quote, "buy them all, close your eyes and walk away". This is how sure many are of the hemp mania that we will see in January. Just the tip of the ice berg on hemp coverage. Remember, many still have no clue. Now is the time to buy!!!
I see Forves and NBC had articles yesterday too. So media is starting to plant that seed. I'm sure we will see plenty more coverage going into the new year. Should be interesting!
If that dip to 6s this morning is any indication of how quickly cheap shares are picked up here, and the fact most of the float has been traded into the 8s and 9s. I dont think it's even possible to drop to 4s at this stage. Plus when VATE was in the 3s recently they ran back to 7s while we sat around 10/11, so your cycle theory isnt adding up, no offense. I do realize some play all of these stocks and move money around but it's not widespread or PPS would have done what you described, many times over.
Time to buy this calm before the storm. Many think hemp mania isnt happening because it's already passed the house/senate, or should have seen some movement by now. Trust me I was in that same boat, but do some DD. MJ stocks were in this same boat in 2014/2016 manias. Sideways to even down PPS even days before legal day. If anything, this is a good sign of the mania to come as loading continues. Let's see where we are at by mid January, then we can complain, until then, no big deal, it's just money. Your in a good company, fundamentally, and product wise. It sucks if you NEED that money right now, but if not let it ride, there is no rush, and huge things to come, hemp mania or not, those CBD canned coffee and teas will have its own mania.
Completely agree, with both of you. ;)
Also all this worrying from folks when the bill hasnt been signed and legalization day hasnt hit yet. Price is meaningless until then. Could go trips for a week and wouldnt flinch, ok maybe a little but waiting for 1/1/19 or rather 1/2/19 when markets are open. :)
MMs do that all the time, borrow shares. That's why you cant watch that figure with any accuracy. Also, remember volume was also insanely low.
This...
Must Read Post unless you dont like money
Its partially a joke bud... His DD is super good though.
Then stop complaining and wait until January instead of calling people out. Remember Sleek is a god among men when it comes to stock picks, and this IS the Grand Salami!
Yeah that's it the camonone. I picked up some Bourbon County and Revolution beers while there, and of course a sixer of Zombie Dust, but if Inknew that was our beer, I'd have gotten it. I'll pick some up on Thursday. Also, curious if beeradvocate has review for it up yet.
I couldnt remember the name of the drink. This is a stock I was potentially buying the other week, and recalled they had that Binnys deal. Figured I'd recognize the name if i saw it, so I asked the guy to show me the new hemp beer but didnt remember the name or recognize it like I thought I would or I would have bought it for sure.
I stopped at a Binny's in Chicago last Thursday. They had Major Hemp! I didnt realize at the time that was the correct hemp beer name, but now I know, I'll have to try it out next time I'm done there. That is huge to be in Binny's. We are talking warehouse liquor store all over IL.
Great explanation about the CBD/hemp mania about to hit our sector. Got this from our buddy sleek kn the VATE forums. Highly recommend this read as its fact based, from his personal experience through MJ manias in 2014/2016 and how it correlates and why. Very good DD. Cant wait until January to see where things are at!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145475608
He will be laughing in your face in January, mark it.
Exactly. I was close early in the week, but god Sleek has helped me see the light. New year is going to be fun boys. Drive my VATE/KGKG Lamborghini to clients and customers.
Yeah me too, I buy it by the pallet hahaha! J/K though I really do, but for our customers. I do enjoy the sample packs I pull out from time to time.
Good to know. We can laugh on our way to the bank in a few weeks. I'm impressed with your thorough explanation regarding the mania, it makes perfect sense. In fact, I was in that boat who thought, "wtf, some mania sleek" for the exact reasons you listed. This board should be glad to have you here. Going to be a fantastic New Year I think.
I'm not going to break out his post for you, but to summarize, the same exact thing happened to cannabis tickers in the 2014 and 2016 MJ manias of you pull any of those up pre-mania, it was this exact same thing. Low volume, sideways, and down, then a massive pop. When hemp/CBD is 100% legal 1/1/19, there will be massive media coverage. There is no pre-mania run up because no media coverage, and most people dont even know about the hemp provision in the bill, including my bro in law. Who has KGKG in his portfolio even... To quote him, "Who cares but the farm bill, no one." His face changed when I told him about the hemp provision to the point he didnt believe me and had to look it up....
It's literally going to be like a light switch turning on, and for a few weeks we should see high volume and high PPS.
Logic > Emotion
Go VATE!
National legalization is literally days away. It passed the house and senate this week, just waiting for Trump to sign, and we are golden. Have you not been following it? Also, read sleek's latest post, explains it perfectly.
According to Trump's schedule for today, looks like we won't see signage until next week, which correlates with the little public news we have heard about this.
https://twitter.com/potus_schedule?lang=en
Sleek, sticky this post. This is extremely good DD, and proves you are not a pumper. Also, it's a great educational post imo. Get ready for January/February Grand Salami 2019!