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Someone bought up 12k worth of this company on Friday. Someone is confident in a upward trend. We will have to see what happens when news comes out.
Well this in an interesting L2 with the bid at .0042 and that thin of ask. We hopefully will be green today.
I really just want CDEL to GTFO
Well that could imply that there is some material news coming out soon.
I would guess that it will be after their next quarterly report.
Also tells us that they have been independently audited. That means they could be uplisted once they get 4 million in earnings.
Some people definitely want this pps to stay here for a bit.
Hey I like my warrant conversion, except that it will be taxed at earned income.
I have it is pretty good. It does just as good as assault without the tingly feeling.
I am taking grape hyper infusion right now. I was surprised at how watered down the flavor gets if you put it in 12oz of water instead if the 8-10 oz recommended. So far that is my only complaint on the product.
Definitely one of the best supplements I have taken though!
True, I wish our government would let us be and not meddle in every aspect of our lives.
Good to know that the THC FDA was not a blanket ruling.
However I have been looking into exactly what is in the natural line in FITX products. They say they have a "hemp based" protein in their chocolate brownie. So that is implying it is not actually hemp.
Then I don't believe Chia Seeds are illegal. That is what is in their other natural line. I have not looked at their teas.
I know you are a huge skeptic in regards to this company and I don't blame you. While forcing people to trade on a stock maybe bad for long term investors, we are all adults, if you can't notice the pattern and adjust your investment strategy then maybe they don't belong in pink sheets and should just stick the a passive ETF strategy.
You are further making erroneous statements in regards to medical marijuana with the legality. They can use parts of the marijuana plant such as THC as approved by the FDA but the smoking of the plant is strictly prohibited. With the only source of these products being the protein and other nutrients found in the marijuana plant they are in compliance.
The only thing to debate here is how would we define medical marijuana? With the use of parts of the marijuana plant involved in the products they can claim it is medical marijuana. (However I feel this is a major stretch like most of us do I am guessing)
The information cited above is from the link you posted earlier from whitehouse.gov
Another reason they would want to do the licensing model is to avoid any problems with intra state laws for any of the states that shipments must go through that could still vet confiscated.
The medical marijuana stuff is mostly pump to help stabilize the pps. However the real money will be made with Cenergy and the vertical integration model.
You are wrong, read this
http://www.nytimes.com/2009/10/20/us/20cannabis.html?_r=0
This will never have a market capitalization of 50 billion dollars lol. They will probably sell it to a big name company for market cap of 500 million or 25 cents a share in 5 years.
You are referring to the February 8th court ruling I assume? If that's so then my information is outdated as well haha.
Thanks that is good to know the distinction.
Look back over Michigan laws they have changed big time, they are apparently a lot easier than Colorado. They can 12 plants per patient. That is a lot of weed.
Currently I am in Chicago dodging bullets so I can't take a photo of anything in Colorado, or Michigan, but I am sure someone can. What is the policy with the plant seeds? As I recall those are in the protein powder?
As you should be with any investing. Good to have someone to bounce ideas off of.
In order to not transport goods over state lines (thus becoming a trafficker) would make you subject to federal law. However if you do a licensing model then you can avoid transporting goods across state lines and avoid this problem. They are still in the business because the licensing model is the nature of the business if you are going to enter all the states you can.
It is really easy to get the right to sell the products in the states where they have legalized it for a reason. Colorado for example is trying to get 36 million dollars in tax revenue from the "sale" of the goods. Not from the licensing distribution. The other states are following the same logic.
A side note, if my friend in college can run his own dispensary legally while still in college, it can't be that hard.
Have a good day at work!
Cheers
In Colorado it is that simple. If my buddy can run a dispensary of his own before he gets out of college, its not that difficult.
This is all you have to file to get a right to sell Medical Marijuana in Colorado, http://www.colorado.gov/cs/Satellite?blobcol=urldata&blobheadername1=Content-Disposition&blobheadername2=Content-Type&blobheadervalue1=inline%3B+filename%3D%22DR+8533+Vendor+Registration+Application.pdf%22&blobheadervalue2=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1251781467365&ssbinary=true
Its not that hard to get a license, it only cost $250! I am sure they have gotten them. I have tried to find a public registry of all licensed businesses, but I have yet to find them.
They also would not have to include the licenses in the financial statements because the cost for the licenses are not material enough to be included. (They have to take up 5% in total to be considered material. $1,000 of expenses is not considered material enough to be stated otherwise and they are probably just filed under SGA)
As stated here:
"Creative Edge Nutrition, Inc. being headquartered in Michigan, a marijuana "friendly" state which created the Michigan Medical Marijuana Program (MMMP), a state registry program. The state law provides protections for the medical use of marijuana and allows participants to legally possess, use, buy and grow medical marijuana. We are aggressively looking to acquire licenses and brands in the industrial hemp and medical marijuana industry in order to capitalize on this growing market sector."
Each state has their own license, however they are licensed to sell in Michigan, (at least I know that currently) so yes they are. If you have any further concerns about licensing you can just ask the CEO. He is very open about it.
They are because of the nature of the use of the products. Colorado Law for example follows the logic behind this article. http://www.cannabisculture.com/articles/4365.html
However I feel that the difference between "Medical use" and "Recreational use" is a very fine line. Stating that products are used for Medicinal Purposes will actually help in two ways.
The first way it will help is that the products are more likely to sell because first time users, like people lactose intolerant are more likely to purchase something "medical" vs. not.
The Second reason that stating the products are "Medical Marijuana" will help with distribution. Colorado and other states will not allow for "Medical Marijuana" to be sold in the same store as "Recreational Marijuana". Currently there are far more dispensaries for "Medical Marijuana" than not. So there will be more opportunities with distribution under this methodology.
This is just the best course of marketing due some overly complicated government bull... As is most things in life.
Source?
Well bill is a licensed attorney in both the US and in Canada. Unless you are a lawyer and know everything about all the drug enforcement laws, then I will be concerned. Until then I will believe the lawyer.
Hemp is different and the DEA falls under the executive branch and they have been ordered not to enforce those laws where the business is legal. So the statement is not entirely false.
8-K does not happen with a de-listed stock.
It is not a sustainable strategy you are right. However they do not have other options at the moment. But if you want to talk about the economics of trading, we have more buys then sells. With the pps dropping that means there is dilution going on. You are seeing an alteration of the share structure. Even if you are considering the trends as sustainable growth when you add in newly issued shares that changes everything. For example, the news adds 300k to the market cap in today's dollars with 70 million shares issued you have an average intrinsic value of those shares issued at .0042. So yes that explains the drop in share price.
You just agreed with me. Stable mean no move up or down. They need that stability for capital budgeting purposes. If you dilute 70 million shares and the price drops from .005 to .0011 instead of staying at .005 then instead of getting $350,000 they would get substantially less.
Well the pump and dumps will keep the share prices more stable. If they just dumped then we would have a pps in the trip zeros. Then they would have to dilute a hell of a lot more.
I confronted bill about that on his Facebook. He admitted that is family sold shares acquired on the open market. But no restricted shares were sold. They also lost money on the sell off.
So it technically was a net gain for the company. But this goes to show you trade penny stocks. You shouldn't ever invest on something with a going concern. You should just get a position. If you invest do so with a private placement. (Usually you need to be an accredited investor or have a friend who is one you can tag along with.)
Honestly it makes no sense to bash a company that you want to go up in pps.
Yesterday was a lot of diluting that is for sure. But there was a big buyer. My guess is that Bills family loaded back up on the open market. That is good news meaning this guy probably bottomed out.
If they do not have positive net income and free cash flow to the firm they need to get cash from outside sources. AKA investors. That is why they dilute. This is a growth stock, not a blue chip.
This made me lol how the heck does anyone expect a development stage company to not dilute is beyond me. They have no equity to lever off of so how else are they going to get cash to rapidly expand operations? Tell me because I don't know!
Oh yeah Canadian bacon is so damn good! I also am a big fan of some Canadian Scotch!
Yeah for some reason people in Canada just love supplements. Its just a gold mine in the great white north for this industry.
Yeah I got my private placement after Leo left MSL* I am trying to get more Intel on him and if his revenue growth record really is repeatable. I am pretty sure it is, but that could also mean we sell at a loss to GNC again. If that happens we should expect a lot more dilution lol. I hope that is not the case.
I am involved in both companies and brad got in a fight with the CEO of GNC because that was a week after brad found out the GNC was actually buying their products at below cost. They were losing money on every product sold. Because that information is no longer material I can share it. I have been involved in private placements for MSL*. However I feel that FITX will be a better investment.