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I think an A/S increase is a given at some point since O/S is maxed already. But if they issue new shares to fund acquisitions and increase shareholder equity, it's not a bad thing at all. That's how businesses grow. But how would a reverse split give them more shares? lol
You can't just say something and pretend it's true either. Which ones of the top US cannabis companies did an IPO?
Curaleaf? Reverse Merger on OTC (worth 2.2B with a B)
Trulieve? Reverse Merger on OTC
Cresco? Reverse Merger on OTC
GTI? Reverse Merger on OTC
Columbia Care? Reverse Merger on OTC
Medmen? Reverse Merger on OTC
Harborside? Reverse Merger on OTC
Halo Labs? Reverse Merger on OTC
Tilt? Reverse Merger on OTC
CV Sciences? Reverse Merger on OTC
Marimed? IPO on OTC in 2012. Hey there's one!
Is GRN Holding a US cannabis company? Mostly they're in ancillary services, but they do intend to have a cultivation co. as a subsidiary. So that makes them an MRB and thus ineligible for IPO on big boards. Though they could on the OTC if they wanted to take 12-18 months to do it.
The federal government has pushed MJ to the OTC market, not serial scammers.
There is ton's of upside potential here. If this is a moderate to large size MJ company, many of them have market caps in the 200M range. That would put the SP in the $3.25 range. If it's a smaller MJ company, then they could have a market cap around 20-50M. That's a SP of $.32 to $.81. Either scenario is a good gain from here. Might be worth keeping a few shares until the buyer is announced after custodianship is awarded.
GRN Funds already owns or has stake in all of these. It's not a stretch to think that JC would honor the LOI and sell them to himself, as was the plan since day one.
Halo Labs, a major US cannabis extraction co., merged with Apogee Minerals last year and kept their symbol, AGEEF. They are on the OTCQX. No idea why they didn't change it, but they are as legit as it gets. I guess it's just an unnecessary expense.
Take a look for yourself. https://grnholding.com/
GRN is involved in almost every aspect of the sector. These are just the ones we know about: Cannabis banking and payment processing, point of sale equipment, consulting/advising services, hemp growing and research, CBD extraction and MJ cultivation.
Why don't you post the other 40+ pages of people who have had issues with banking in the cannabis industry. This is not just a PBC issue.
I understand if you were emotionally attached to owning shares in Clancy. But, what has it gotten you? I looked at the 10 year chart and it's been subpenny the entire time. You are in a good place right now at .02 and could be in a great place if this takes off. Whether it's from Clancy or a new owner, what's not to like if you get a return on investment? The alternative is you get nothing.
Next month is gonna be incredible. I don't see the filings taking very long since they've been working on this for months already. I think we find out very soon whether we get gold or coal in our stockings this year.
Patience grasshopper. Accountants and lawyers get paid by the hour.
International! JC plans on serving Europe and Latin America. Also mentioned in a Pacific Banking Corp PR.
"Aaron's extensive experience in international program management and real estate serves to strengthen our international merger and acquisition strategies," commented Justin Costello, CEO of the Company.
That sounds like dispensary transactions per day. That wouldn't be an unusual number. I don't know if there are 18000 dispensaries signed up for this, but I doubt it. Sounds like some numbers were conflated. Possibly it's individual account holders and businesses total that many (clients). 10B doesn't seem right, but what does seem right is a significant amount of revenue from this supposedly non-existent bank (never understood that take lol).
And that revenue is all GRNF's soon. So take this for what it's worth. GRN Holdings WILL have value. And that is just ONE of the multitude of companies under their umbrella. There isn't another cannabis conglomerate quite like what's being put together here and I'm super excited to watch it come together.
Are you saying trades happened? Shocking.
That claim was on GRNFunds.com. Different company. That site is not back up yet.
That's not surprising. There is no reason they would have any of the information you asked for. That's all up to the merging company. They are waiting like the rest of us.
I remember when that linkedin post came up here a while back. I wouldn't have posted it if I thought there was a chance it wasn't legit. I don't play games like that. That being said, I can't verify it and haven't attempted to. If anyone proves otherwise, I'll apologize.
But, regardless, I'll reiterate what it said. People jump to conclusions. Shocking in this place, right?
Nothing has been taken down. That website was created when the GRN Holding was announced a few months ago. It's looked the same since day one except they changed the logo from the old GRN Funds logo to the current updated one. Your red flags do not exist.
If you were talking about the GRNfunds.com website, then that was taken down for updates during this period of transition. Since many of their investments are transferring to GRN Holding (that we own stock in BTW), as acknowledged in an official PR, it makes sense to redo it, and take it live when the process is over, no?
$5k worth of shares is a front load? Hell I've got that much and I don't know anything. lol
Why did Microsoft, Apple, Amazon go public? Those guys lost hundreds of billions of equity giving it to shareholders. Why would any company go public? They all started with one or few owners. Because it's much easier to finance investment and grow your company when you have shareholders giving you money.
What is lost on some of you is, yes he gave up 44% equity to get the company public, but the benefit of doing so far outweighs staying private. Especially in the cannabis space where it's much harder to get financing. Yes, that probably means he'll increase the AS at some point and fund some investment with shares. But if that leads to growth and increased shareholder value, and it will, then that's what he should do.
I personally think $50-500 is ridiculous. I can see the market cap from 500M to 2B, depending on the performance of assets coming in. That puts it at $2.00 to $8.00 max. If they do actually have 1B revenue or more, then they could go as high as 5-10B market cap. But 1B assets does not equal 1B revenue so I put that as extremely unlikely.
I'm not worried about banking reform. The major banks won't touch this until it's federally legal. That leaves smaller regional banks and credit unions as competition. GRN should be able to compete with them as first movers.
I'm not looking to make millions here, just enough to pay off my mortgage. Which would be around $4.00 unless I buy more shares. :)
Granted, if this were an ordinary otc merger, I'd agree. But this is a cannabis play. They don't have the option of going to the big boards. Every single US cannabis stock is on the OTC and most did a reverse merger to get there. A few of these have billion dollar market caps, on the OTC. It's not unreasonable to think that this could be one of those.
Disanti did his job. Up to Sam to follow through.
Disanti seems to think we'll all be shocked and excited at the assets Sam has. We'll see very soon. If it holds up, dollars coming shortly.
Really? I mean, what did you expect when he created a Holding Company? That it would just remain empty without transferring any of his assets? It's a function of transitioning from a private to public company. There is absolutely nothing shady or unusual going on here.
I really don't understand why anyone thinks this never happens.
JC is just transferring ownership of assets from one company he owns to another company, he also owns. Simple. It's a net zero transaction. There's no selling or buying involved.
At least that's how I see it playing out. We'll see soon what transpires I suppose. I think they'll cease being a shell before the end of the year so the details will be reported.
GRN Funds owns 51% of Soulshine. That equity stake is transferred to GRN Holding same as the other companies. It has nothing to do with the people at Soulshine. He's not buying additional stake in Soulshine.
The incoming companies he owns 100% of will be wholly owned subsidiaries. They operate like independent companies with presidents, CEOs etc. Assets and revenue allocation is controlled by GRN.
And the legacy shareholders only own shares, not assets. Who cares if a couple people own a bunch of shares or it's split up between several million shareholders? It affects nothing as far as GRN is concerned.
He can't issue shares since the OS is maxed or nearly is. I don't believe GRNF is "buying" these companies since he already owns them, but just transferring ownership from GRN Funds to GRN Holding. I don't see any requirement for money or shares to be involved, just an agreement between parties. JC can sign for both sides.
Step 1
Create a Holding Company...
Step 2
Transfer all business assets into the holding corp. Transferring all business assets into the holding corp requires drafting an asset transfer agreement. Set forth all of the business assets and their value. Indicate that they are being transferred to the ownership of the holding corp. Have all members of holding corp and owners of the business assets sign the asset transfer agreement.
You and I can make assumptions, but none of us really know do we? All facts will come in time. I see value here. Other's don't. Fine with me.
I don't know how you can consider this a week without news unless you are willfully ignoring...the news.
JC PR'd a freaking laundry list of companies rolling in and you say there is no hint of anything rolling in? SERIOUSLY?
OS 249,777,311
AS 250,000,000
Restricted 202,366,278
Unrestricted 47,411,033
Their website was up for months after they bought the shell. We all saw it. They aren't hiding anything. Updating it is the more plausible reason...
The scent of oil is in the air. Smells like money.
He's paid $1/yr from GRNF. So, that's what, 1 share? Can we fraction shares?
The ask is .0549. HIT IT. ;)
I'd appreciate if everyone just held their shares until we get to .10. Thanks. :)
I don't think anyone here knows what they're talking about. Zero confidence anyone can get accurate info about this company from this board.
If you say so.
Sam's gonna shock a few peeps with what's under the hood I think.
I meant to put a lol in there so you don't take me seriously. I kinda agree with you. My computer crashed before I could edit. :)
It's not hearsay if you're the one who talked to her. Hearsay would be like if a dude listened in on a private conversation, told a friend about what he heard, and that friend then told the Chair of the House Intelligence Committee about what he heard from a friend that heard something that someone else said. That's hearsay.
But that's apparently just fine and dandy though for our Congress, so your point is mute.