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Shares outstanding prior to PP's -- 223.7M
12/12/17 PR, 1st PP at $0.18 -- 20.3M
1/4/18 PR, 2nd tranche of 1st PP at $0.43 -- 6.3M
1/10/18 PR, 2nd PP at $0.44 -- 15.7M
1/11/18 PR, Acquisition of Green Tree -- 30M
(15M to Green Tree + 15M to Winston)
So that puts as at -- 223.7 + 20.3M + 6.3M + 15.7M = 296M shares
Based on the PR on 1/10/18 announcing a 3rd PP with another 13.3 shares, that puts us close to 310M shares.
Also, all of the above PP's provide a warrant for each common share. So, there's about 55M warrants to consider too..
My brokerage reported shares outstanding for ATTBF at 223.66M before the PP's and Green Tree Therapeutics deal went through. You can grab figures from the recent PR's. There's the 2 PP's that are already completed, and anticipated 3rd PP to raise another $8+ Mil, and the Green Tree / Winston deal. Add them up, you'll get to about 300 Mil.
Yeah that 167 Mil number floating around on a lot of sites is very old.. With the Green Tree / Winston deal + all the PP's, including the upcoming 8 Mil PP that we can expect them to fill, ATTBF will be over 300 Mil shares.. and that doesn't include the warrants.
Thanks, but do you have a source in which you know the data is accurate for certain? For example, most of these financial snapshots offered by stock-related sites are way off. Take the Abattis O/S for example.. it's off by over 100 million shares.
Indeed. I've been hoping for an XLabs related PR since last Fall.
Don't get met wrong.. I'm not completely against the recent acquisition and I see potential long-term value for shareholders with these PP's, despite the short-term sting of dilution, IF the resources are used wisely. We haven't seen anything come out of it yet, and the September presentation doesn't really paint any specific goals for unleashing XLabs. I would seriously hope they plan to role this out within the next couple months. Waiting until summer takes away their advantage.
It's both positive and negative, because the acquisition comes with a cost.. more dilution, another 30 million shares and Abattis has really been pouring a lot of water lately. Adding the PP's, this puts us well over 300 million shares. It looks like we're heading from 180 to 400 million shares in about a year.. which is concerning.
I'm sure Abattis feels the need to act now, corner the market, solidify their diversification strategies.. I get it, but at some point, they need to unplug the printing press.. or investors are going to scatter.
Crossing my fingers there.. the XLab project is where I see some of the largest of opportunities, because there is no "brand" existing across Canada for these kinds of services yet. I'd love to read a PR that announces a plan to build a lab in a few major provinces before summer..
And BTW, thanks for posting this. It's not the kind of news that I expect will send us upward tomorrow, unfortunately. You can argue it's both bad and good news.
We'll probably see $0.40's tomorrow unless the rest of the cannabis sector makes a strong push north for some reason.
Ok.. so, that's $2.5M for NV / Emerald agreement, $6.7M for the PP closed 1/4/18, $6.9M for the PP closed 1/10/18 (i.e... today), and another $8M on the way?
That's about $24-25M in cash.
Great, and it's nice to see such interest in ATTBF... but we're starting to reach a level of dilution I'm not especially comfortable with. O/S + warrants will be around 300 million by the time all this is settled.. which means if they continue to offer more PP's or award management and creditors new shares in lieu of cash, this is going to start looking really ugly.
After this PP, it's about time Abattis uses the cash they have to "organically grow its existing business," as they keep saying, in measurable ways.. or they should be informing shareholders why they need to dilute more than 100M shares for over $25M in immediate cash.
Unless there's some kind of news or an unexpected force that happens to pump up the Canadian cannabis industry tomorrow.. yep, I think we're looking at continued correction for ATTBF and others tomorrow. It's okay.. these stocks will sprout wings and fly again someday soon. It's just not going to be the "return of 2014" that many were hoping for :)
I would expect about $0 revenue. Maybe they managed to squeeze a few thousand with Vergence, but I doubt it. The site looks nice and ready to take orders, but I haven't seen any specific marketing efforts geared toward these products yet:
http://vergencenaturals.com/brands
We're about a year away from 7-8 figure revenue IMO. ATTBF revenue possibilities you may want to research further include:
- Cannabis testing and extraction
- XLabs franchise project
- Edibles, oils, and other similar products
- Vaporizers and Green Tree Therapeutics products
I'm gathering that Abattis just made some powerful and influential allies in BC..
From https://ablebc.ca/about
Abattis Announces LOI for Partnership with Alliance of Beverage Licensees
VANCOUVER, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Abattis Bioceuticals Corp. (the "Company" or "Abattis") (CSE:ATT) (OTC:ATTBF) is pleased to announce it has signed a letter of intent (“LOI”) with the Alliance of Beverage Licensees (“ABLE BC”) to establish an exclusive complementary partnership in ABLE BC’s member stores.
British Columbia’s Alliance of Beverage Licensees (ABLE BC), is an advocacy organization representing BC’s private liquor industry, including private liquor stores, neighbor pub, and hotel liquor licensees.
The LOI outlines an exclusive agreement between Abattis and ABLE BC to offer expert technical advice regarding the commercialization of cannabis products sold in ABLE BC member stores and locations.
“We are very pleased with this strategic partnership,” said Rob Abenante, President and CEO of Abattis. “This partnership brings significant mutual potential for Abattis and ABLE BC given our role in Cannabis testing and ABLE BC’s potential role in Cannabis distribution."
Both parties have acknowledged that the Federal Government of Canada has introduced legislation to lift the prohibition on adult-use of recreational cannabis, and that each provincial government bears responsibility for deciding how recreational cannabis is retailed and distributed within its borders.
"We foresee this partnership in the cannabis industry a key part of our future. We feel that testing services provided by Abattis will give us the peace of mind that consumers require regarding dosage quality and safety,” said Jeff Guignard, Executive Director of ABLE BC.
As part of the agreement, Abattis will assist in ensuring quality control, and providing expert technical advice on cannabis products sold therein.
The partnership will include expertise on testing and inspection issues such as:
potency and cannabinoid profile;
microbiological screening;
pesticide and heavy metal testing;
terpene analysis; and
residual solvent testing.
Abattis also has agreed to work with ABLE BC and its member stores to offer expert technical advice about product quality, to provide educational resources as needed, and to offer ABLE BC access to qualified sales, marketing, scientific, and technical personnel as needed for ABLE BC conferences, meetings, and events.
ABLE BC has agreed to offer Abattis unique exposure to ABLE BC’s membership, through its e-newsletter, quarterly publication, member events, and other avenues to be determined. The agreement assures that ABLE BC will promote Abattis and Northern Vine Labs as the organization’s exclusive preferred partner of cannabis testing services.
“We believe that this agreement with such a respected and widespread organization such as ABLE BC gives Abattis and its subsidiaries highly beneficial exposure in the community,” added Jim Irving, Abattis Director.
Both parties acknowledge this is a non-binding and open-ended LOI agreement, which is intended to be a first step in establishing a mutually beneficial working relationship between ABLE BC and Abattis Bioceuticals.
About Abattis Bioceuticals Corp.
Abattis is a life sciences and biotechnology company which aggregates, integrates, and invests in cannabis technologies and biotechnology services for the legal cannabis industry developing in Canada. The Company has successfully developed and licensed natural health products, medicines, extractions, and ingredients for the biologics, nutraceutical, bioceutical, and cosmetic markets. The Company is also seeking to acquire exclusive intellectual property rights to agricultural technologies to be employed in extraction and processing of botanical ingredients and compounds. The Company follows strict standard operating protocols, and adheres to the applicable laws of Canada and foreign jurisdictions.
About British Columbia’s Alliance of Beverage Licensees
The Alliance of Beverage Licensees (ABLE BC) is the advocacy organization representing British Columbia’s private liquor industry. ABLE BC is the largest and most effective liquor industry association in BC, with membership including private liquor retailers, pubs, bars, nightclubs, hotel liquor licensees, as well as various agents, suppliers, and benefit providers. Formed in 1975 under the name the BC Neighborhood Pubs Association, the organization was renamed the BC Liquor Licensees & Retailers Association in 1999, and later merged with the BC & Yukon Hotel Association, and BC Cabaret Owners Association in 2004 to form a province-wide organization uniting BC’s liquor licensees and representing their group interests.
ON BEHALF OF THE BOARD,
ABATTIS BIOCEUTICALS CORP,
“Rob Abenante"
Robert Abenante, President & CEO
For more information, please visit the Company's website at: www.abattis.com or www.northernvinelabs.com
For inquiries, please contact the Company at (604) 336-0881 or at news@abattis.com.
As much as I'd like to see a PR discussing what ATTBF is going to start doing with that $9 Mil they've raised so far, I wonder if they're going to completely hold off on that until the additional $6 Mil PP is completed.
Looking much better, yes. I was really hoping the "Sessions Scare" wasn't going to pile on too much pressure. Emerald, Aurora, Canopy and the rest are up with ATTBF too. Good signs.
A red opening for the industry.. Guess people still aren't over Sessions puffing out his chest. Maybe the average investors driving these stocks won't figure it out today.. but eventually they'll realize these Canadian MJ stocks have an advantage either way and it's only a matter of time before the U.S. gives up this ridiculous "Schedule I" stance.
I personally want to see the XLabs project rolled out very soon.. building a franchise lab network using proprietary tech geared toward industrial level production. That's the kind of early-mover action that can drive true long-term value IMO.
I know I'm a little late here.. just wanted to say great AMFE overview and thanks!
Add in the $2.5 Mil from the Emerald deal, and they'll have over $15 Mil in cash. Yep, I'd expect some fancy PR's soon enough that will discuss how that cash is going to be used..
Good find, and it goes back to the other article I was discussing today. Here's the best chunk of the new article IMO:
Finally, F did it! $13. A glorious day!
Rats, I was too slow. Wonder if I'll even get the chance to sell at 1's now.
Yeah.. well the media can freak everyone out about this nonsense for now.. but no one, including Jeff Sessions, is going to be able to stop this train:
http://www.newsweek.com/marijuana-legalization-2018-which-states-will-consider-cannabis-laws-year-755282
Even conservative congressmen are starting to state what a joke the "Schedule I" classification is for MJ. And do we really expect the U.S. is going to continue stubbornly banning a substance that they (deep down) know is essentially harmless when 1.) their neighbor to the north is getting a jump start on all the tech and patents, and 2.) it can be an excellent source of new tax revenue?
Come on.. we all know where this is going. It just has to be dramatized and rolled out slowly to appease the brainwashed people that associate MJ with "addiction" and "evil" and a host of other myths.
Abattis will not only be serving clients in Canada, but eventually the U.S. as well. Just a matter of time.
3 days in a row.. ATTBF has followed the general speculative MJ market like a baby duckling follows its mother. That's very promising.. for a while, ATTBF stood alone and didn't react closely with the market. So, if you also believe these MJ stocks are going higher, which I do, much better chance of ATTBF jumping right up with them.
You know what, Baxy, at this point.. if there was an easy, sensible way to accomplish this, I would gladly transfer the sum of my ARNH shares to you at a value of 0.0001 per share if I can't get 0.0002 on the open market soon enough. But.. there's not.
That's hilarious. ARNH really is the ultimate POS. More deception and BS at every corner.
I try and do 3-4 as well. With ATTBF.. well that was a long, slightly painful march from 2014 to 2016 haha. Bought as high as 0.80's I believe.. and bought as low as a nickel. Probably 5-6 buys in all. Didn't pan out so bad either, just required some patience :)
Watching it very closely. Trying to sell at 0.0002 and finally dump this ARNH garbage, but I'll settle for 1's if absolutely necessary. It'll be nice to finally move on from this scam.
Ha, define "all in"
New high 0.7444.. this is a full blast rocket. I didn't expect we'd start exploding so quickly again, especially across the whole sector.. I really thought people would be a bit timid after the last mania.
This is starting to look like 2014 all over again.. What a rush!
Geez.. nearly 4.5 Mil volume today and what a crazy finish. Some "fear of missing out" propelling us at the end there?
ATTBF has been a rickety, agonizing roller coaster ride.. so I understand why some long-timers were happy to sell out in the 0.40's and wash their hands. I think they'll regret it though.. the hot-for-MJ-stocks storm from 2014 is coming back. It's just not going to be a gigantic tidal wave that immediately crashes and falls apart this time.. it's going to consist of gradual waves.
Yeah I know what you mean... but we're looking at consistent daily volume in the millions for Abattis and it's now rejected the 0.30's twice. This is really starting to look solid.
Sure, we could always retest the 0.30's, but looking more likely that we're heading further north in 2018.. probably not the instant rocket to $2+ like we saw in 2014, that's fine by me. Nothing wrong with a little more patience.
That really is excellent news...This has been a long time coming!
The Fed has finally committed to respecting the decisions of the States in regards to medical marijuana legalization. That reduces the risk for Abattis, LP's, and many other MJ related companies in Canada when offering products and services to U.S. clients.
Well...Game Over. There was enough warning. Real DD pointed to this being a complete and utter scam. If you were unfortunate enough to buy into ARNH these past couple days, welcome to Bagholder Land...Adrian McKenzie just gave you a lump of coal for Christmas.
So much speculation already haha. Hey, admittedly, I'm a bit anxious that this is a good fit and smart buy for ATTBF too. But let's wait until they release more information, as they implied they would in the PR. I want to hear the plan.
And you know what's even more hilarious? I wonder how many shills Adrian has doing his dirty work. He can't perpetuate ridiculous "turn around the company with Leonard" lies and sell off billions of worthless ARNH shares alone. He has help and lots of it.
We both know what ARNH is. A circular pump and dump scam.. and we're nearing the completion of another lap of the circle. That's all.
You know what I find truly hilarious? We still don't have a single shred of proof that "Leonard" even exists in terms of running ARNH. Just hearsay and wishful thinking. Yes, there's a lowball e-commerce website that any kid could build.. listing nutritional products from a failed pipeline that no credible source has ever even heard of. And that's it.
If "Leonard" exists, which I still doubt, he's nothing more than McKenzie's puppet. Prior to cobbling together a little code, I thought McKenzie was just plain lazy in not trying to sell his ARNH scam a little harder... Turns out he's not so much "lazy" as he is unimaginative.