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Just opened up proxy mailer. Couldn’t be easier go online and click 2 buttons. No reverse split here.
Joint customers, apdn has no customers. Basically they found another Facebook business friend. Which is nice to have 20 or so biz friends who like us.
They get a check for 1mm and the stock is down 20%. DID THE CHECK BOUNCE?
I don’t disagree, but why are employees and insiders buying more stock? Theracann was raising money to pay Apdn. That deal not going thru we ain’t getting paid; they have less money than we do. Investors are FKKK’D
Now we are curing cancer in pets. What cant this company do....oh yea get paid ...
1.5 million shares traded
40 cents
Maybe drd hinting about 4th qtr biz news. 4th qtr winding down
i agree on the delisting and relist later, unless it affects existing or future contracts. 90% of existing contracts pretty much worthless anyway.
Short ton sounds like apdn revenues
Any color on how apdn gets paid for the fearher deal? By the pound markings like the bed bath and beyond deal which seems dead at thre moment
750,000 shares traded this morn...up 4 cents???? Something brewing??
Wish there was a way to trace seeds and plants...
CannTrust Falls on Black-Market Seeds Report; Offsets Cost Cuts
2019-09-06 13:42:34.124 GMT
By Sandrine Rastello
(Bloomberg) -- CannTrust Holdings Inc.’s stock recovery was
short lived.
Shares of the troubled pot company fell 5.3% to C$2.20 in
Toronto on Friday after BNN Bloomberg reported that staff
brought black-market cannabis seeds into a production room last
year, leading to some illicitly-grown pot flowing into the legal
market.
That followed a rally on Thursday, and news after the
market closed, that the company was cutting 20% of its
workforce, or about 180 people. That is expected to produce
annual cash savings of about C$9 million ($6.8 million),
according to the company.
The stock has lost two thirds of its value since early
July, when it revealed it had broken Canadian regulations by
growing cannabis in unlicensed areas of its greenhouse in
Pelham, Ontario, potentially putting its license at risk.
Negative headlines have piled up since. Chief Executive
Officer Peter Aceto was fired and Chairman Eric Paul resigned; a
joint task force of securities regulators and police is
investigating the company for potential “serious violations of
the law”; auditor KPMG LLP withdrew its reports on the company’s
year-end and first-quarter results; regulators found further
breaches at a second facility in Vaughan, Ontario; and Ontario’s
cannabis wholesaler is returning C$2.9 million ($2.2 billion)
worth of products at the company’s expense.
More than 1,000 plants originated from elicit seeds were
grown at CannTrust’s facility in Pelham, according to the BNN
Bloomberg report, which cited internal company documents and
unnamed sources. It’s unclear how many were processed for sale
in the legal market, but plants from at least two strains did,
it said.
A representative for CannTrust didn’t immediately respond
to an email seeking comment.
“To the best of our knowledge, no product using seeds from
unauthorized external sources was introduced into the market,”
CannTrust spokeswoman Jane Shapiro told BNN Bloomberg in an
emailed statement.
CannTrust shares are now trading below the company’s
listing price of C$2.50 and analysts expect it to be deleted
from the S&P/TSX Composite Index as soon as next week when a
quarterly review of takes place.
Maybe dr was giving us a hint on earnings call
Craig Pierce
Okay. Well, thank you. And, it sounds to me like 2020 is going to be a very different year with a very different tune than what you've been forced to sing for the last couple of years.
James Hayward
I'll be honest with you, Craig. I think the fourth quarter of 2019 could be described the same way.
Craig Pierce
That's just that's just terrible, terrible. But we’ll all try to live with that.
James Hayward
Dr have something up his sleeve??? History says know but interesting comment followed by inside investments.
800,000 shares so far only 4 cent move
Craig Pierce
Okay. Well, thank you. And, it sounds to me like 2020 is going to be a very different year with a very different tune than what you've been forced to sing for the last couple of years.
James Hayward
I'll be honest with you, Craig. I think the fourth quarter of 2019 could be described the same way.
Craig Pierce
That's just that's just terrible, terrible. But we’ll all try to live with that.
James Hayward
Dr have something up his sleeve??? History says know but interesting comment followed by inside investments.
By Kristine Owram
(Bloomberg) -- CannTrust Holdings Inc. plunged 26% in pre-
market trading Monday after the troubled Canadian pot company
said a second facility breached regulations.
Health Canada, the government agency that oversees the
cannabis industry, has informed CannTrust that its manufacturing
facility in Vaughan, Ontario broke several rules, the company
said in a statement. CannTrust has already been struggling with
the fallout from breaches at its greenhouse in Pelham, Ontario,
where it grew cannabis in unlicensed rooms.
The Pelham breaches led to the firing of Chief Executive
Officer Peter Aceto, a halt on all sales and shipments of
CannTrust products, and a joint investigation by securities
regulators and police. Its auditor KPMG LLP withdrew its reports
on the Canadian cannabis company’s year-end and first-quarter
results.
Health Canada found the following problems at the Vaughan
facility:
* Five rooms converted from operational areas to storage without
prior approval; these were used for storage since June 2018
* Two new areas were constructed without Health Canada approval,
one of which was used to store pot since November
* Insufficient security controls
* Inadequate quality assurance investigations and controls
* Standard operating procedures that didn’t meet regulatory
requirements
* Documents or information were not retained in a way that would
enable Health Canada to complete its audit in a timely matter
“We have retained independent consultants who have already
started addressing some of the deficiencies noted in Health
Canada’s report,” interim CEO Robert Marcovitch said in the
statement. “We are looking at the root causes of these issues
and will take whatever remedial steps are necessary to bring the
company into full regulatory compliance as quickly as possible.”
Health Canada has told CannTrust that it’s unable to
provide any guidance about the timing or content of its
decisions regarding the company. Penalties for breaching
cannabis regulations can include the suspension or cancellation
of a company’s license.
CannTrust also said Monday it has pre-paid the outstanding
mortgage of C$13.3 million ($10 million) on its Pelham
greenhouse to Meridian Credit Union. That was the company’s only
secured indebtedness.
The company has hired Greenhill & Co. to explore potential
alternatives, including a sale.
Sol u need to understand how far no money goes in M & A
APDN: Applied DNA Signs Master Services Agreement with Schreiner Group to Deliver SigNature? DNA Labels to Protect Pharmaceutical Supply Chains
Think the plan was for theracann to go public, and be able to raise the cash needed to pay apdn money owed. Canntrust debacle not helping. Anyone have color on theracann listing progress up north?
Vegas has 90% chance of delisting.
These guys are screwing theracann attempt to get listed. They are bringing increased hightened scrutiny for pot companies to get listed
CannTrust Hires Greenhill to Explore Sale After Pot Breach (1)
2019-07-31 12:55:41.848 GMT
By Natalie Wong and Kristine Owram
(Bloomberg) -- CannTrust Holdings Inc. hired Greenhill &
Co. to explore a sale after a regulatory breach led the Canadian
pot company to fire its chief executive officer and erased
almost C$500 million ($380 million) in market value. The stock
Does Apdn have any recourse with regard to money owed by Theracann.?
How can anyone do business with theracann knowing they potentially reneged on a 4mm payment?
This is dead money to probably 2021, without Theracann deal
How does this satisfy nasdaq? Seems to low $. Hope im wrong
Good news if u lose ur pen, we can find it
Whats next no 4mm delisting, or diluted to sht..?? Good times
Theracann falls down on payments, next stop 5 cents. We r f’d
Hope more firms get this marketing angle...Your Diamond Ring Now Comes With a Resume and Passport
2019-06-27 15:00:00.3 GMT
By Yuliya Fedorinova and Thomas Biesheuvel
(Bloomberg) -- Ever wondered where that sparkly stone on
your finger was dug up? Who polished it and where? The world’s
top diamond producer wants to answer all your questions.
Russia’s Alrosa PJSC is rolling out a program that will
allow jewelry buyers to track their diamond’s history in detail,
using an identity number and electronic and video passports, as
part of efforts to boost demand for the company’s products and
appeal to younger customers. Alrosa has selected an initial
2,000 polished diamonds for the program, head of sales Evgeny
Agureev told reporters in Moscow.
Diamond miners and retailers around the world are trying to
develop new ways to reassure consumers that the stones they sell
are free from many of the negative associations that have
haunted the industry for so long. The industry is also grappling
with softer demand for rough diamonds.
Last year, De Beers unveiled a blockchain system to track
diamonds through their long and obscure journey from mine to
jewelry shop. Tiffany & Co. said earlier this year it will begin
sharing the provenance of its diamonds with consumers in an
effort to be more transparent, saying the region or country of
origin will be displayed alongside a selection of diamond rings
it sells.
In Alrosa’s program, each stone will have an ID that will
enable buyers to track its history on a website. The electronic
passport will include the region where the stone was mined, how
big it was before polishing, the name of the person who cut it
and even his or her job experience.
Any chance shareholders dont get screwed again in July??
Your saying the defiency letter has been sent to Apdn from nasdaq?
What’s the rule on the extension they can file.?
What’s the numbers on the dilution talk? Basic math 4mm left in the contract, they should get 1mm in jun jul aug and sept. Why would they need to dilute now? I thought the burn was under 300,000k a month. Correct me if I’m wrong.
Rate of increase for revs from 2018 to 2019 will be 100%. Still to low to make Impact, hopefully as the other 4mm from the deal gets pr’d can get some momentum.
They did close a 5mm $ deal with more upside next year potentially. The Ceo of Theracann showed up at Stony brook to participate on the call and spoke for 15 min. He must think this is a wortwhile partnership or he wouldnt waste his time showing up in person in Suffolk long island. We will see.
The call said pharma not a 2019 rev source, textiles , weed, linear, will be 2019 rev potential
Playback dial in works