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How many $3-$5 shells are out there? I am glad that they are not merging with a shell. It shows Bunka cares for his existing shareholders and the value of the company. I would be POed if they acquired a shell and all the existing flippers sitting in the (previously dead) stock cheaper than the shareholders who have been supporting the company while on the OTC.
Thanks. I am well aware of the bill, the sponsor and the past history of marijuana. I am not against any of the issues that it focuses on...they would be HUGE steps in the right direction...I am just not for something, that imposes a 5-8% tax, to not be all encompassing. Some of the revenue should go to other important aspects surrounding cannabis...especially research.
I am sure I am in the minority but I want it to get shot down. In my opinion, the MORE Act doesnt go far enough to benefit the industry in its entirety. Sure it includes 2 important aspects, but really its primary focus is on redistribution of wealth. The bill does not funnel any of the imposed tax revenue toward public awareness for cannabis (like they forced the alcohol and tobacco industries to do), it does not fund addiction recovery programs AND, the main reason for descheduling it, no tax revenue will go toward scientific/medical research. I know the Rules Committee is in the process of tweaking it...including a slow increment in the 5% tax to 8%...but this bill alone does not seem like a good thing for the companies operating in the space nor the consumer of those products. It also essentially gives a green light to the black market. I think it is too big if a step too soon and it would be smart of them to postpone it once again. Right now the main issue of this bill is a HUGE consideration for ANY state that is going recreational. I know the federal govt wants their cut, but if I was them, I would keep the decision at the state level and let the states work out the 50+ years that the government imposed racial injustice. Then once the coast is clearer, change federal law and then take your cut.
Pots, that is what it used to tell me as the error. Stock ending in a 5th digit of "F" are foreign stock. I haven't tried it in a while. I know that they changed things surrounding their commissions. Next pay I will try again. I definitely know BEER is not an option.
Gaffer, I use Ally Financial, it doesn't allow me to invest in stocks with a 5th digit of "F". If I was allowed, I definitely would have taken a flier on Hill Street. They are a small company with a lost cost overhead. I would have invested because Terry Donnelly is probably the most upfront and personable CEO there is. I am glad that Hill Street bought the THC, non-medical, subsidiary because Terry has been a huge advocate of the technology...and probably Lexaria's best sales person.
LXRP Proactive Interview: https://www.proactiveinvestors.com/companies/news/935423/lexaria-bioscience-proves-technology-works-in-enhancing-oral-delivery-of-antiviral-drugs-935423.html
At the end:
Chris: "Also in Q1, starting in January and February, we hope, of next year, we plan on beginning a really large number of very similar studies to this where we continue to test both of these drugs as well as additional antiviral drugs that could have use in COVID19 treatment, as well as other viruses that have been with us for a long, long time."
I feel like this is a major hint at the post uplist plans being revealed.
We all know that it takes funding to undergo these types of studies. For Chris to not only reveal that they will continue to researching todays results...but also expand/open the study to other avenues...leads me to believe that the funding is essentially secured. That the "we hope" implies the caveat is 'after uplist'.
https://www.proactiveinvestors.com/companies/news/935415/hill-street-beverage-company-well-positioned-for-growth-in-2021-as-it-wraps-up--well-executed--fiscal-1q-935415.html
"For the quarter ended September 30, 2020, Hill Street reported revenue of C$274,712, down from $329,000 in 1Q 2020, and significantly narrowed its net loss to C$476,000 – a 69% improvement on the $1.5 million figure in the year ago quarter."
Walletinvestor has a 1-year prediction of 0.64...LOL!
Like SNDL...they had 10M OS shares when they IPOed, fast forward 1 year and they had 206M OS this past summer. This past 3rd Qtr earnings they announced 439M OS and just today stated 744M with 72M in convertible debt remaining. It will be around 850M OS when done yet people are flocking to it. Supposedly just stating you have 117M in cash on hand...even if it all came from the expense of their shareholders....makes Robinhood investors think you are making "good business".
Billy, I was hoping you would see the deal. I know that you were an advocate for CHRGD when it first came out. Sucks TurboCBD hasnt been back in stock for a long time. I remember you saying that both you and the misses use it to aid in your active lifestyle. I would have hated for you to miss out on this steal of a deal.
I can tell you that I use it too, mostly to support the company, because I cant say that I notice any real benefits from it (at least on the surface). In all my experimentation/drink concoctions, I learned that it doesnt mix well with soda pop...especially Coca-Cola...think mini Mentos and Cola effect. Nor does it mix well in Koolaid...it negates a lot of the flavor. I didnt mind it mixed with some other drinks but I have found it best in coffee, tea and water.
So frustrating to see the other stocks move on hype and not fundamentals. Shows you the power of being listed on a major US exchange. Some day...
Harlem111, it feels like a closeout but I think that they just forgot to remove the existing BOGO offer before turning on the 70% Black Friday deal. This is not the first time I had issues with their website. This is just one that benefited the consumer. The last issue was the contact phone number lead to a psychic hotline, or something.
I dont think that matters. I bought the evening before you and my order was 2957. I can't imagine they repeat the numbers daily. The receipt also rounded my price up to the next dollar...so that was a little odd. The total was 107.94 and the emailed receipt was an even 108.
Yikes. Well on the plus side they arent losing as much money as I thought they were.
How do you know that? Were you invoice #6 for the date or something?
https://www.newcannabisventures.com/starbuds-expands-its-colorado-retail-storefront-cannabis-business-into-multiple-states/
An oldie but a goodie. Gives you an understanding as to why the hard nosed business approach by Justin Dye never seemed to be an issue to Starbuds and Brian Ruden. It also talks about some of the areas that the other Starbuds licenses/sites exist. In listening to how Brian built the company from the ground up, his focus on the customer and fiscal responsibility...not to mention growth of the company outside of Colorado...I cant forsee any future name change to "Schwazze". If customers know the company and trust their products, it doesn't make sense to change the name. They have yet to change Mesa Organics or Purple Bees. I sure hope Starbuds, and eventually all its locations, are acquired...and retain a name that easily resonates with consumers. Brian does mention that they have a small grow but also source product. I know this could have changed since this interview occurred, but short supply was also mentioned by Justin in the last earnings call. To me it seems like a cultivation site might be next in line, and if so, I am sure Josh Haupt will welcome another opportunity to display his talent.
An old YouTube video to get you excited, while give you insight into Brian:
Yeah you're right, for some reason I thought sunday was the 30th.
The last time I bought 3 and got 3...it was $54. This time I placed the same in my cart and was like $19...dang, what's 10? Then the buy 10 get 10, was $54. I was like, I better double this and checkout before they realize they have both offers available.
Alexulf, thank you for the BF heads up! Just to add to your post...it is BOGO and 70% off! No wonder why this stock isnt going anywhere. I just bought 20 boxes, got 20 boxes free, and with the 70% off paid $107.94.
Instead of $17.99 a box...I just got them for around $2.70 a piece!
Here is today's excitement. Today the last market day of November:
The U.S. House is planning a December floor vote on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act.
In a Nov. 9 letter to colleagues, House Majority Leader Steny Hoyer outlined the legislative schedule for the lame-duck session in November and December, and said lawmakers will take up the bill next month after postponing a September vote on the legislation.
“The House will vote on the MORE Act to decriminalize cannabis and expunge convictions for non-violent cannabis offenses that have prevented many Americans from getting jobs, applying for credit and loans, and accessing opportunities that make it possible to get ahead in our economy,” Hoyer wrote in his letter.
Hoyer did not specify in his letter which week the bill will come up in the House for a vote, but the House is scheduled to be in session Dec. 1-4 and Dec. 7-10.
Glad it worked out...Thanks for the laugh.
Took me with it! Thank you! I guess I dont hate you right now!
I dont know why but I like a nice looking share count number...ending in a 0 or a 5. I think today I might end up with a 9 or an 8...cause if I cant get a 0, I dont want to drop to the 5 (unless takes off).
I dont blame you...but i am not liking you right now either.
Looks like the big boys just moved up. This was earlier than I expected. I built in a little wiggle room but might have to go down a share to leapfrog their price.
Yeah thanks for the reminder. Just seeing how this plays out before jumping. Not liking the stack at 1.30, but hoping someone likes that large bids at 1.25 and 1.26.
Yeah apparently...sometimes when I place offers I see them post under various ones, like CSTI, NITE and GSTM. I use Ally Financial...so got me how that works. All I know is that I never seem to get priority when it comes to other same sized blocks at the same bid price.
Yeah but let my 100 go through before they sit on my bid.
Yes, thanks for the reminder.
Rail, I am joining you for another 100 this Friday...maybe DD can mess with the market makers and get us a deal too.
I appreciate how you back up your positivity with proof. Most that pump up a stock are just keyboard warriors.
Yeah DD, but to the companies that popped it is all hype to them. Those idiot investors think everything happens overnight and tomorrow morning the Canadian players will occupy the space. They think ANY these companies on a major exchange must be "good" plays. You know my takeaway? Damn, I cant wait until the day that SHWZ (or really any 'successful' US operator) can uplist to a major exchange. The money is obviously there...so much so that even the turds take off. Imagine when institutional investors get a chance to play companies in the industry with actual revenue.
I check back every now and again and it puts a smile on my face to see the count is still going! Michael Welch, we know where all the past shareholder money went...into your podcast equipment so you can keep spitting your BS.
Make sense. Thanks. I was thought Cannadips offered both CBD and THC options.
That was alright. It would have been nice to have a little more information. It sounds like Nuka and Cannadips are both now licensing from Hill Street. Within the PR that published it was mentioned that Lexaria has a significant ownership position in Hill Street. A little more clarification on whether or not this benefits shareholders would have been nice.
Yes...but limiting the competition in the space (the US) while allowing SHWZ the time they need to establish themselves in Colorado...and before deciding whether or not to branch out nationally...I am all for it.
I heard something in a recent podcast. That even though it was part of the Biden/Harris platform, cannabis made more progress under the Trump administration than it ever has. Even though the upcoming administrations plans do not include federal legalization, he best thing that can happen for the US industry is a Republican majority Senate. This will essentially lockdown the space to US MSOs....and allow them to further establish themselves.
Wow! I really have to sit down and read this to understand it better. My initial thoughts, after quickly skimming the material, I know that they are moving toward the pharm side...but the purchase price seems extremely cheap...
and what happens to the existing contracts, like Nuka/1906, if we give the global rights? Are they now customers of Hill Street?...sounds like it.
I think the biggest statement in here...the one that really stand out to me...is: "Companies involved with the THC industry in the United States have historically been unable to list on US national securities exchanges."
I am thinking that this was their move to sever all "face value" ties to THC cannabis...so that they can be in compliance with a major exchange...while at the same time retaining some value in the subsidiary Lexaria Canpharm ULC, by owning a significant position in Hill Street.
For real. I second GoldRush's comments...and will be sure to give any future post priority once this board is overwhelmed by new investors.