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LMAO, they actually have revenue, not saying profit.
Marapharm/Liht/Citation literally has ZERO revenue now that they no longer own the one dispensary in California. They will have ZERO revenue from their supposed Nevada grow operation, Celista, Washington, etc.
LMAO, Barry Honig is literally known as one of the most notorious microcap scammers out there. And there isn't a loose connection, his name is LITERALLY ON THE OHIO FILINGS.
Of course they lied, it's the only thing this company knows how to do. I wish you luck.
OMG, the next Estee Lauder, lol, just like GGBs business model...stuck in 1980s.
It'll never get to $4 USD again, NEVER, NEVER, NEVER. Why? Barry Honig and dilution.
LMAO, I thought this was going to the MOON!!!
Maybe investors will start realizing that a company that gets into bed with one of the most notorious penny stock scammers on the planet isn't worth investing in.
And just like that, a NEW 52-week low!! LMAO, this scam stinks of Barry Honig.
They are down big, yet making $$$$, which Marapharm/Liht/Citation can't exactly claim and that would explain the 90% loss of shareholder value.
This company is a scam, no question.
BANKRUPTCY 2020!!!
Another 52-week low coming with Barry Honig on board. I'm actually surprised to see Schottensteins team up with a known microcap pump and dump scammer.
I'll buy at $.80, which reasonable MC for this bloated pig.
Although this information has been available for quite some time, y'all should know Barry Honig is involved with Schottenstein's deal in Ohio. Aside from the downward pressure from the convertible note, this undoubtedly has scared investors.
Medicalmarijuana.ohio.gov
Management won't release OS, but apparently they are willing to divulge information regarding another shipment at the beginning of September. That should coincide with the push towards Mexican legalization. $.30 target.
I'm predicting the stock will be $2.25-$2.40USD by February 2020, just before shares of this new toxic financing become free trading.
That pop will be short lived and it will fade until August 2020, at which point it will run like most MJ stocks into October.
Just being honest...thanks for the $1.30s toxic lenders!
This company has a business model that worked 30 years ago, it's done.
The Schottensteins gave it a good try, but they failed miserably. Sorry!
LMAO, should have gotten in a few weeks ago and out above .008!!!!
Point is Marapharm/Liht/Citation is nothing but a share selling scam and WILL NEVER MAKE A PROFIT.
BANKRUPTCY 2020!!!!
Big difference is this company was formed solely to enrich insiders and executives. They saw a MJ rush and jumped on, plain and simple.
Mall kiosks are not the wave of the future, sorry.
Looks like the $1.30 isn't going to hold even though the note holders can't sell any lower. This scam is done!
Another 52-week around the corner, 600 share traded because literally NO ONE wants this trash.
Enjoy!
NOTE HOLDER DUMPING 100,000 shares at a time. Expecting sub $1 by EOD.
Ooops, another 52-week low! Can you imagine this scam ever thinking a mall based kiosk business model was going to bring them riches. LMAO, great example of a rich family like the Schottensteins gambling with old ideas.
Expecting another 10M shares to get dumped here shortly.
Only fantasy here is that the company isn't a HUUUUUUUUUUGE SCAM!
LMAO, down 75% in three months.
AND ANOTHER 52-WEEK LOW!!!! Here comes $1 baby!
The answer is simply NO, especially with the ongoing BCSC investigation and the likelihood that the company will be bankrupt sooner rather than later.
WRONG - note holders are taking their money as the conversion price was $1.80 Canadian. It's all in the filings. This was a natural decline from that dilutive toxic financing, end of story.
Some knew this and will buy after earnings blood bath, hold for 2020 election cycle pump.
Lots of MJ stock furus on here! Waiting until after earnings to buy here as the 52-week low isn't in yet.
Now it's only a 1-bagger from here? Thought $4 was your PT?
LMAO, note holder will slow down now that they are only a few pennies from breaking even on their shares and the money to be made on arbitrage is not there.
Not at all, down to under $.08USD pre-split prices so I'd say the only straws here are those left by unscrupulous insiders. Company will never amount to anything other than what it is...
A MASSIVE SHARE SELLING SCAM.
Bankruptcy and/or being halted indefinitely are not stretches at all. The BCSC has clearly not exonerated Marapharm/Liht/Citation based on their own doc releases.
Based on that alone, toxic lenders are less likely to give them $$ due to the risk of the stock not being traded, enabling them to get their $$ back.
CGOTF is a shining example of what happens when you scam investors.
They have 10,000sqft of actual production in Las Vegas, which based on their average production cost per gram, will never be profitable.
Sorry, the company is a massive scam.
The new 52-week low will likely occur within the next week.
The Company granted to directors, officers, employees and consultants stock options to purchase 1,065,000 common shares at an exercise price of $0.22 per share expiring April 22, 2024.
That's Canadian $$$ and you better believe they have exercised those options. Notice how time there is a decent bid there is a large sell market order placed. That's insiders cashing in...
With over $150M in recent convertible debt announced, fully diluted company will likely be around 500,000,000 shares. Even at a generous MC of 1B, this company will never see $3 USD again. Play it for a pump to $2, which I suspect will come after earnings.
Sorry but no Canadian LP will touch Marapharm/Liht/Citation as the company is steeped in fraud and controversy. Full expecting the bankruptcy filing by EOY.
Mall kiosk idea will go down as one of the worst MJ ideas in history. This company will burn through the cash leaving retail investors holding heavy bags well into 2020.
BANKRUPTCY 2020! After of course the BCSC halts the stock indefinitely, which is likely by EOY!
Looks like I was spot on! 52-week low hit again, in the $1.30s, which is floor for the toxic lenders at the moment.
Schottenstein family might be able to save their baby if they stop taking on the convertible debt, but I suspect they knew this would happen and they are enriching themselves via other means like the rich always do.
Sorry, but literally no one in the investing community (other than Cramer since he was hired to pump it) will put a stamp on this trash.
CBD kiosks are a joke, two whopping Vegas dispensaries, and a Florida license that they overpaid by 40M. Only thing that will save this sinking ship is new more favorable terms on debt and the Moxie deal coming through, but both have to happen. If not, see ya later GGBXF, don't let the door hit ya on the way out!
Great call! LMAO, no one is flocking to CGOTF or any other garbage Canadian weed company because at the first sign the US is going full legal the Canadian companies will have MCs cut in half.
Where will that money go - all the big names with big players and definitely NOT this scam. Sorry...
I agree, anyone smoking the MJ from Citation would be crazy considering it's dirty (not that there are many actually smoking it per the latest filings).
Be on the lookout for videos of the Vegas "operation" as they will clearly debunk any claims the Marapharm/Liht/Citation scammers have claimed regarding the facility.
Zero follow through for obvious reasons - traders now know this company is nothing more than an insider enrichment scheme.
Expecting the BCSC permanent halt to come sooner rather than later.