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AND they're going to take everyone over to the expansion location where there are greenhouses for days!
Agreed. RSI of 51, Expansion, Upcoming Shareholder Event, 4.7M shares O/S, No Debt and officer shares locked up for 3 years from conversion date. What's not to like? Oh, and expanding to 152K of greenhouse space which looks to be in the 110K to 120K grow space range and at their calculation of $200 annually per sq ft, thats $22M to $24M in revenue and they've said no more than 7M shares O/S when the smoke clears. That's $3.00 to $3.50 at just one times sales. It's more like $20.00 on a P/E basis. GLTA UF
What a crock and who cares? A QB cannabis stock with 4.7M shares and no debt expanding like crazy! This guy mentioned is not listed anywhere on any of the PRs or the filings. NOWHERE. It's a non story going forward.
Sept 16. Cameras are allowed and all shareholders are invited.
RSI of 51. This baby could move for days with this thin of a float!
Campeese and I certified the certifier and we are certain that they're certified. Certifiable. UF
Potato, Sativa...
And that's what you do and they didn't choose you to handle it...Hmmmm, wonder why.
Thanks for sharing! That's fantastic news!!!
They're expanding in this same time frame as well with only 4.7M shares O/S and no debt. What a dastardly trick on shareholders. How dare they...
Going forward they do not take salaries.
Or perhaps they began harvesting then so the plants would not just sit there and die off without someone reacting to them being ready to harvest. No conspiracy in harvesting when ready to harvest. LOL
Now that should get a few more eyeballs on this one! Interesting...
...all while ensuring no debt or toxic debt. When we look up several months from now and they have 152K square feet, maybe 120K of that as grow space at $200 per sq ft annually and the company is set to produce $24M in revenue with 7M shares O/S and no debt, that's when it will have been worth it to see shares added. The return on that is about 16X for shareholders. GLTA UF
That joke is played...
Where's that chart you speak of? Please, by all means, share with us.
Dollar Wednesday has a better ring to it...
Yes, but not in the city limits. https://www.cityofsalinas.org/boundary Look south on 101...
At some point, any day now, it's going to dawn on people that this stock, one of THE plays to be in for 2017/2018 has a tiny market cap of under 10M. An AI play with a ginormous future ahead of it trading at a market cap under 10M. A company that confidently declared an 8M EBITDA by year end 2018, trading at a market cap under 10M. And it begins to dawn on folks in 5, 4, 3.....
Thank you, Milo. Glad you're here. UF
As Milo stated, the city requires permitting, but these guys are not in the city limits and there's a memo from the county that went out kicking the permitting can down the road to January 1, 2018. It's on the county website. They can't even apply until then and the state specifics are still in flux as well. Anyone in "good standing" per the county is allowed to grow until such time that the county permitting requirements are in stone. UF
Yes. Starting January 1st.
Look for that permit while you're there...
That's a CITY list. They're not in the city limits. The only permitting they are required to have is COUNTY.
And your point is...that SIGO somehow lacks the permitting to grow cannabis and they're just doing it anyway? Maybe they'll clear that up for you on the shareholder tour on the 16th. LOL
Ash knows his stuff. You know, they quietly 8K'd another 6K square feet of grow space. That's good for keeping this under the radar just a little longer while people load up for the long haul. GLTA UF
So you want us to place a permit denial to one of several growers operating at that address or who may have attempted to set up shop at this address, in this case, what looks to be a Mr. Ryoji Onitsuka in the iBox for SIGO...not going to happen.
In light of the massive amount of unwarranted criticism this one is receiving, we will stick to only the facts in the iBox as outlined by the company in PRs and filings.
To date, there's confirmation of 16K of "grow space".
PS...There's also confirmation of a major expansion in the works.
GLTA UF
You should be happy! Check the iBox above. Confirmed grow space = 16K, that's a 60% increase.
8K Filing From Last Week Is A Positive! 60% increase in grow space, 4,671,771 shares outstanding and no debt!
5 different people have contributed to that. Can't take credit, but thanks from all of us. UF
On Sept 16, the company is hosting a shareholder visit. All shareholders are invited.
The Company has decided to hold an additional shareholder event on September 16, 2017. This is due to the overwhelming requests from shareholders. The Company will pick up those that have reserved a spot for the tour at 10:30am at the Courtyard by Marriott Salinas Monterey (located at 17225 El Rancho Way, Salinas, CA 93907) and drive them to the farm. On this visit to our current operations, we will also take the time to visit the proposed 750,000 square foot expansion facility which is all interconnected and all located on the same property.
The company has stated clearly that upon completion of the planned 152K square feet, they project to have no more than 7M shares outstanding. UF
This is where the company is headed based on their plan to develop a minimum of 152K sqft COMPARED to one of the top stocks in the cannabis industry; the one that many claim to be the "benchmark".
If they pull this off, we're talking 25Bagger - 30Bagger here! It will take some time for it all to come together, but even if it's 12-18 months, it'll be here before you know it.
Based on these numbers, it's definitely one you want to begin accumulating to lock in your share of the float. GLTA UF
Thank you. UF
ARE THEIR GREENHOUSES ACTUALLY GREEN? If not, they're misrepresenting. Harrumph...
Here's THE #1 cannabis play for remainder of year...
SIGO...4,671,771 share outstanding, no debt, cannabis revenues already being generated, 16K of the planned 152K sqft of grow space already in production with more to come, officers arent taking salaries, only dividends and those same officers have locked up their own shares for 3 yrs. Once they have 152K in production that should equal around $30M in annual revenue and they should do so keeping O/S share count not under 7M as projected, but actually closer to 6.5M.
That's a $20+ stock in the making. UF
#1 cannabis play for remainder of year...
SIGO...4,671,771 share outstanding, no debt, cannabis revenues already being generated, 16K of the planned 152K sqft of grow space already in production with more to come, officers arent taking salaries, only dividends and those same officers have locked up their own shares for 3 yrs. Once they have 152K in production that equates to around $30M in annual revenue and they should do so keeping O/S share count not under 7M as projected, but actually closer to 6.5M.
That's a $20+ stock in the making. UF
#1 cannabis play for remainder of year...
SIGO...4,671,771 share outstanding, no debt, cannabis revenues already being generated, 16K of the planned 152K sqft of grow space already in production with more to come, officers arent taking salaries, only dividends and those same officers have locked up their own shares for 3 yrs. Once they have 152K in production that should equal around $30M in annual revenue and they should do so keeping O/S share count not under 7M as projected, but actually closer to 6.5M.
That's a $20+ stock in the making. UF
Best 2017 cannabis play hands down...
SIGO...4,671,771 share outstanding, no debt, cannabis revenues already being generated, 16K of the planned 152K sqft of grow space already in production with more to come, officers arent taking salaries, only dividends and those same officers have locked up their own shares for 3 yrs. Once they have 152K in production that should equal around $30M in annual revenue and they should do so keeping O/S share count not under 7M as projected, but actually closer to 6.5M.
That's a $20+ stock in the making. UF