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Okay, so it was just a momentum play, and the spin-off was just the impetus, and then Own the Float stepped in, and then the whales stepped in and created so much energy!!! In the end; who really cares how it happened, the fact is, it happened and it was the most exciting run I've ever been involved in, never seen so much energy! My big blocks of shares, 10 million at a time, were gobbled up so fast it'd make your head spin... Buzzy's reward was in fact my reward too!!! $LOFB. Go Medi Mike!
You got that right! Go $GCGX...
The financials will certainly show, once the valuations are complete, tens of millions in assets and, when the numbers are tallied they will show millions and millions in earnings. Now, that's a powerful combination not to mention the fact that we will be going from zero to millions overnight. And putting them all together in such a time as this will most certainly launch this cannabis ship! Go $GCGX.
You are correct sir.
Okay, I will give you a fair answer: I bought and sold 220 million shares of VGID and at one point was up $188,000. Had I continued selling all of my shares I would have been up over $300,000. However, I reinvested and in the end sold all of my vgid shares for a loss and am down approximately $25,000, imagine that. However, I now have or am expecting over 13 million shares of Leaf of Faith and am not worried in the least. If Leaf of Faith finds support at $0.25 per share then that's $3.25 million dollars. Even at just 8 cents a share, that still equals over $1 million dollars. So, yes, I figure I am way ahead of the game. The value is in the spinoffs as Buzzy says. Go $LOFB, go Medi Mike!
You've missed the point, Buzzy has always said the value is in the spin-offs. Buzzy and vgid was rewarded when he was successful with his first spin-off. When those Fernhill shares finally hit people's account vgid exploded. Now, I'm not saying that's going to happen again but it certainly could, and I've seen some big whales circling around vgid just like before!
Now, when it comes to the next spin-off, that one sounds pretty exciting too. Maybe not as exciting as Leaf of Faith, however, Linda Chadwick, Buzzy's sister, franchised over 1,200 hair salons in both Canada and the US and turned that company around; she's a phenom of sorts. To finally now have Linda Chadwick on the Hollywood Star Haircutters project, I think is enormous. Remember the value is in the spin-offs.
I too would like to see the income and am all for e-commerce as well; let's see how this shakes out. In the meantime we can look to VGID's income last year for some income clues because I believe most of that income came from Medi Mike. Based on that and the fact that patient CBD is already in approximately fifty stores, I expect Leaf of Faith to do somewhere between $1 and 2 million dollars in 2019, maybe even more!
Okay now, here's where it gets interesting: Buzzy said in the conference call that the AS would come in at less than 200 million shares but, earnings are calculated on the OS. So, on the date of record there were 1,624,197,000 shares and a 12 for 1 dividend means they had to set aside 135 million shares just for the dividend. However, Buzzy said also that he is going to give back his shares, 68 million, meaning, 67 million shares will go to the shareholders of record on October 31, 2017. And then, Medi Mike will get his shares and likely the board will receive shares too. So, let's say the OS comes in at 150 million shares, means, if Leaf of Faith earns $1.5 million dollars in 2019, that equals one penny per share. Then all we have to do is multiply the earnings by a reasonable multiple of let's say 25 and that my friend is support for $0.25 price per share which is exactly what Buzzy said sometime ago, in a previous conference call, would happen, woohoo!
Now, I'm glad to see evidence that Buzzy may have been right in his predictions. It's looking more and more likely that we may well see $0.25 PPS Right out The gate and I will gladly take $0.25 because that will make me a multi-millionaire after taxes. However, I think there's a good chance in 2020 that this may explode upwards in light of both the legislative progress and what Medi Mike is doing with his team of professionals, his products, and the collaboration with the producers of Rick and Morty, King of Kings, and the Simpsons. They are in the process of reworking the artwork for Patient's CBD based on the old Patient's comic strip. And then, by the time they are finished with their rebranding of patient's CBD it's likely also that the FDA will have cleared CBD for Nationwide commerce, wow!
Now, that's a big deal in my book and sounds to me like it may include the big box stores eventually, woohoo! I love what I'm seeing here. Go to Mike's Instagram page if you want to see the passion and energy that Medi Mike has for his new baby, Leaf of Faith! Go $LOFB, go Mike!
Well, you know what they say, "It's always darkest before Dawn." Go $GCGX.
Look now boys and girls, we are number three on the breakout boards, woohoo! When the annual report drops Monday or Tuesday, it's go time and then in just a couple more weeks, by May 15th, the first quarterly report will drop and then we go some more! $GCGX...
Okay, seriously now, I don't think you want to dig up and throw away 150 acres of freshly planted hemp clones in Colorado, at least not until you find out how much the 4 acres we harvested last year was worth. Presumably we built the extraction lab as planned, processed the hemp into the purest CBD oil, and then sold that harvest for $4 million dollars; at least that's what we were told to expect. So, if that's true then you would be throwing away this next crop worth $40 million dollars, oy vey!
Considering, why would anybody dig up and throw away $40 million dollars especially when hemp is such a Hardy crop and extremely valuable! Besides, don't you want to hear all about the planting and how many acres they planted? They said they would plant 150 acres this spring and then 600 acres in the fall but, who knows, I suspect they may have planted more, maybe 600 acres this spring too, considering the huge demand for CBD oil right now!
So, bottom line, don't throw away our hemp because the sale of this next crop is coming just a short time from now, sometime before the end of the third quarter, with another potentially big payday! $GCGX...
They are past due on their reporting but when they submit their annual report they will be current and the stop sign will come down. Same thing happened about 3-4 months ago. Companies don't like to be late because then there are hoops to jump through, so I've heard. We just need to give it a little more time...
All in all, this is a brand new company that just went through a complicated merger and, they are auditing this first and annual report. This kind of thing can be expected with new companies. Auditing is pretty rare in the pink sheets and if it takes a little longer to get this company audited for the first time, we'll, so be it. This is a big deal, it's the right way to do it, and it paves the way for up-listing to the QB. That said, I expect the up-listing will be complete sometime in the third quarter and then from there the sky is the limit... $GCGX...
Old school, new school, I don't care as long as he gets it done. And right now at least it's not an online Amazon type business model. This is more like a grassroots movement, build it from the ground up business. Medi Mike is doing two shows a month, a booth at every show, more contacts than you can shake a stick at, and growing his business more with every show that he sponsors, hosts, or attends... $LOFB...
Good on you; gave you a follow! $GCGX...
There is an element of Truth to what you say: I was in tggi also until I realized that Matt's focus was completely on bdci, building global consortium or cannabis consortium at the time first and when global consortium is up and running, standing on its own two feet then Matt will get back to tggi. So, it might be a good idea to roll some of your gcgx winnings back into tggi because if Matt does what I think he is going to do and winning is important to you then tggi is next!
By the time you are woke it will be too late.
Does Coca-Cola have a website, have you ever been to a Coca-Cola website, has anybody ever been to a Coca-Cola website? Buzzy doesn't believe in a website and neither do I...
Why does that matter, it's just a shell? A shell is a shell is a shell: out with the old and in with the new. Leaf of Faith is going to be huge. Medi Mike is working his ass off for you and I. $LOFB.
Folks, Global Consortium is a gem: admittedly still a diamond in the rough but, that's all about to change when the reports come out in the next couple weeks, both by the 15th of May. For starters, the audited annual report, past due now, nonetheless, will show that we have assets, earnings, legitimacy, and the opportunity to up-list to the OTC-QB. From there, ladies and gentlemen, we're off to the races.
Global is building this company from the ground up and, despite what some are saying, the OTC was not just a good place but maybe the only place to build a pure Cannabis Manufacturing empire in the United States of America. After all, marijuana is still completely illegal at the Federal level and is still a big issue for the Cannabis industry, especially on the big boards. So, one step at a time: first we audit and then we up-list to the OTC-QB. To that end, Matt said in the conference call that by the middle to end of June, one of two things would happen and the big take away for me is that he would be filing the S1. And, as some of you know, when the S1 is filed, up-listing is imminent!
Going forward, once we've uplisted to the QB, I had thought jumping to the NASDAQ was mostly just a legal issue, however, Matt addressed this concern and my legal question too in the conference call by stating that he has created a Chinese Wall in order to maintain a hands-off approach so the company doesn't appear in anyway to touch the plant itself. I've seen other companies do the same thing but in a more extreme way by creating and then separating completely the THC companies from the CBD companies.
Anyway, I'm glad they Global has addressed this legal issue so now it's full speed ahead and I am so looking forward to the entire process. Over the next couple years I will be watching closely two things: our progress towards satisfying the NASDAQ listing requirements, while at the same time watching as Congress passes Bill after Bill on the way to full legalization just like in Canada only better. Better in that, Canada only has a small fraction of the market we have in the United States for cannabis, i.e., our California market alone is bigger than all of the Canadian market is for cannabis and, CBD, beverages, and edibles are still illegal in Canada, until October of 2019 that is. Anyway, regarding legalization in the United States, right now we may have a divided government but on this issue at least there is bipartisan agreement and support. In fact, we are winning already this year, battle after battle, case after case and legalization of marijuana might just be the only thing our divided Congress gets done, and get it done they will, I predict, by 2020!
Things are moving so fast in the cannabis industry that it's official now, we are truly witnessing a Cannabis Megatrend sweeping not just this nation but the world too; some are even saying now that 2019 will be the year the United States fully legalizes and I think it's possible!
I don't know how Global Consortium can keep up in this brand new and fastest growing industry in all the world but they are. In fact, it's clear, to me at least, that they are not just keeping up but are always one giant step ahead! Consider how Tom Roland anticipated hemp legalization so they planted hemp in June and then hemp was legalized in December. Consider also how he anticipated the Health & Wellness phenomenon almost a year ago when they acquired Indulge Oils and Infused Edibles and then, sure enough, happening just now in fact, all the big box stores are announcing they will carry hemp products to include CBD oil: CVS, Walgreens, Walmart, Whole Foods, Kroger's, etc., oh my!
I don't know how Tom anticipated this huge demand for CBD oil but it's clear that he saw it coming and that's why we already have letters of intent for CBD oil worth $38.4 million dollars, all we have to do is fill the orders, and that doesn't even count all the new orders coming in weekly. In fact, in order to keep up with this huge demand Global just announced the purchase and installation of a new CBD oil extraction machine capable of producing 23 liters of oil per day, each liter worth approximately $8,000 dollars. Keep in mind also, this new capacity is on top of the capacity they already had: back in October it was stated that Indulge brought with them 2 or 3 oil extraction machines each capable of producing up to 5 liters per day, wow!
All things considered, Tom Rowland might just be the MJ Ninja after all... And to bring it all home, just as he was ready for all that which I've just laid out for you, so also he will be ready for the full legalization of marijuana; think Tilray and their incredible run up to full legalization of marijuana in Canada just last year where their stock ran all the way up to $300 PPS; way to be on top of this Tom Roland!
Bottom line:
10-1-18 Merged and Global is born.
12-31-18 GCGX completes first Qtr.
2018 Infused Edibles = $2 mil net.
2018 Hemp Farm = $4 mil net
2018 Total Expected = $6 mil net.
Global hired a company to audit.
2018 audited annual report expected this Monday or Tuesday.
Global hired a company to uplist, first to OTCQB and then we jump to the NASDAQ...
All Things Considered, not bad for a brand new company. In fact, explosive out of the gate and that's just for starters. Folks we are off to the races and in a big way with projected 2019 earnings of $100 million dollars but, hold on to your hats, based on the numbers we have been given already, I think more than double what's been projected for this year is within the realm of possibilities! I like that, under promise and over perform.
Now, in 2020 when all of our income streams come online and we plant 1,400 acres times 2 crops in Colorado, OMG: and this doesn't even take into account the possibility of two additional hemp farms; California and New York were both mentioned. Well then, if that happens the sky is the limit here! I know it sounds almost too good to be true but, at the finish line by the end of 2020, we could be looking at a prize worth hundreds and hundreds of millions of dollars of income and we could be riding high on the OTC, pun intended, or perhaps even the NASDAQ by then, woohoo!
In the meantime, Global is working on a number of income streams that will get us to the finish line: First, is our Colorado Hemp Farms. I think all would agree by now that this will be our largest income stream for the foreseeable future. Keep in mind, my hemp numbers are predicated on the fact we were told, 15 acres = $4 mil., * 10 for 150 acres = $40 mil * 4 for 650 acres = $160 million dollars. Confirmation of this dollar amount is important going forward. And yes, I believe last year's hemp crop will show in the upcoming annual report as we were told also that they had time to build the extraction lab and still sell the CBD oil, for premium, before the end of the year. So, that's what I expect, although, if not in the annual report then we will see it in the first quarter report due out by May the 15th:
Indulge Oils - Back LOIs = $38 mil.
Indulge Oils - New LOIs = $XX mil.
Infused Edibles = $5 mil.
Lake Tahoe distribution = $3 mil.
150 acre Spring harvest = $40 mil.
600 acre Fall harvest = $160 mil.
2019 Total = $246 mil, Potentially, not counting any new orders for CBD oil coming in weekly for the rest of the entire year.
I think, certainly by now, you see my optimism and enthusiasm and why I am so looking forward to the rest of 2019 and, just giddy to even think about what 2020 might bring for us, woohoo! It's plain to see, for those who are really looking, that we have an incredible opportunity here; like none I've ever seen, or at least been involved in before, it's not even close! No wonder private money was willing to pay $1 per share! Okay now, It's time to launch this ship! Go $GCGX, Go Tom!
Come on man, you're just digging up crap from the old Shell which has nothing to do with Leaf of Faith. Medi Mike and Leaf of Faith purchased the vlnx shell and now it's out with the old and in with the new... And to put the final nail in the coffin of vlnx Medi Mike did a 1 for 1,850 reverse split; means it cost us less than a quarter million shares of LOFB.
Furthermore, Mike just announced his new team, looks great by the way, and you didn't see Frack anywhere on that list; did you? If Frack was lucky he may have sold his shell for next to nothing, thirty thousand bucks or less, and by now he's likely to have bought another shell or is off to the Bahamas. No, this is Medi Mike's baby all the way and he clearly has a passion for his new company; working harder for the company and the shareholders then any CEO I've ever been involved with... Go $LOFB, go Medi Mike!
Plain and simple, the big boys just stepped in and picked up a few cheap shares on weak hands; same thing I did two years ago just prior to the last run; smart move from my perspective... Couple more things, it doesn't have anything to do with the market makers and, if somebody converted their debt, well good for us but I doubt it 100%. No, it was simply the big boys swooped in and picked up some cheap shares on weak hands...
It's been a long time in coming but I think next week, finally, our Leaf of Faith shares will start dropping into our accounts. This is the same scenario that instigated the last run and then, Own the Float stepped in to fuel the fire! It was an incredible run and was fortunate to have participated in such a run that went from .0003 to .060...
You are so right. In fact, the company plans to build a mezzanine too in their 64,000 square foot building, effectively doubling its square footage and that to be used for its grow operations! So, growing, testing, lab, nutraceutical division, oil extraction, Manufacturing, distribution, and retail too, all under one roof: Folks, what am I missing in America's Cannabis Mall? $GCGX...
Folks, this is big, this train has left the station and will soon become a runaway train: $GCGX
https://hempindustrydaily.com/retail/
See the following: This will push the FDA to either sh*t or get off the pot, pun intended.
https://hempindustrydaily.com/vitamin-shoppe-sells-edible-cbd-supplements-against-fda-guidance/
Don't sabotage the cc, we all have a financial interest here and right now there is a shortage of information. A PR would be nice but I'll take a conference call.
Fair enough. First, it was a Cold Spring; not making excuses though because, they are also in the middle of an audit, acquiring licenses, and a significant build-out! Additionally, acquiring new equipment, new farms, and so many other things too! All things considered, it is my opinion that they just haven't had the time, or taken the time yet to inform the public. But, I expect any day now, probably after the annual report, we will get word of the planting and am hoping, expecting, it'll be more than the one hundred and fifty acres projected! $GCGX...
Folks, keep in mind that this is a brand new company and it was a huge merger we just completed at the end of last year. Now, this is the first report since the merger and they are auditing all the merged companies: Infused Edibles, Indulge Oils, and the Colorado Hemp Farm. Trust me, this delay is understandable. Some of you may not have been around long but there are a lot of shells out there that can never be audited because the previous company's data is lost forever. So, the fact that we are auditing at all is a big deal and in the scheme of things, 10 more days is nothing.
So, keep your eye on the ball and the projected $100,000,000 dollars by this time next year. Then also, consider the fact that there is potential for the company to more than double that number even as big as it is already. In one month from now we will have both the annual report and the first quarterly report and by then the revenue streams will start showing up. Then, quarter after quarter we will be growing like a weed. If you think about it, there is potential to do $50,000,000 dollars just with Infused Edibles, Indulge Oils, and the Tahoe Area Distribution alone. And then add another $200,000,000 dollars from the spring and fall Colorado Hemp harvests and we are up to $250,000,000 and potentially $5 dollars PPS. I imagine they have already purchased at least one more large CBD oil extraction machine for the two Hemp Farms in Colorado. Are we there yet? $GCGX...
Right on, 7 to 10 more days is nothing and then we will see.
One more thing, and you're right again, we may not have gotten much out of the conference call but there is one thing that came through loud and clear, it's the fact that Matt can't wait to show us the money and then let the market dictate! $GCGX.
I agree, it's time for the company to confirm all their earnings projections and the next two reports, due out by May the 15th, should tell the tale. That said, during this construction phase, I expect they may not be manufacturing for the entire quarter and I know there can be delays, for instance, construction delays, weather or natural disasters, etc. That's not to say that they aren't manufacturing in their previous location till the build-out is complete.
Anyway, it's my hope the company will continue to outperform the exceptions even as high as they are based on the tweets and PRs. The second quarter will be even more telling and I think will be awesome. As you said, I believe we have a beast! Keep up the good work and thanks. Go $GCGX.
Is it wise to brag about flipping this stock at others expense?
BY INVESTOPEDIA Updated Aug 17, 2018
Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Dec. 31 and quarters that end on March 31, June 30, Sept. 30 and Dec. 31.
Companies file three quarterly reports, 10-Q, and one Annual report 10-K. Filing Deadlines for Form 10-K and Form 10-Q
Category of Filer
Form 10-K Deadline - Form 10-Q Deadline
Non-Accelerated Filer
(Less than $75MM) - 90 days - 45 days
Regarding the Annual Report said to be out April 15: The merger was completed at the end of the 3rd quarter so the annual report will only include earnings from the 4th quarter. Now, it has been stated and I am expecting in the annual report:
$2,000,000 - Infused Edibles
$4,000,000 - Colorado Fall Hemp Harvest
Additionally, it was also stated in the merger announcement below that Indulge Oils had 2-3 extraction machines, each with the ability to produce 5 liters per day and that was before the purchase of the new extractor. So, in the 4th quarter, Indulge Oils may have earned another:
$5,000,000 = 10 liters per day * $8,500 per liter.
https://www.otcmarkets.com/stock/GCGX/news/Bahamas-Development-Corporation-Completes-Merger-with-Global-Consortium-Inc?id=207534
Indulge Oils
Indulge Oils, www.indulgeoils.com, a cannabis distillate which is manufactured and marketed in California. Indulge Oils has been servicing the cannabis market for 2 years and has quickly become a leader in the industry. Their premium oil is in such high demand in the cannabis oil market that it has been sought out by some of the largest names in the cannabis industry for private labeling. Cannabis Consortium will use Indulge to manufacture a steady supply of premium oil to infuse with its edibles. Indulge Oils is a premium "pesticide free" product sought after brand as it is known for its purity and high quality. Indulge Oils produces clean and pure oils that do not contain any residual particles, are non-toxic and non-carcinogenic. This is why Indulge Oils commands a premium for its oils and cartridges. Indulge Oils will operate 2 to 3 extraction machines in CA, each with the ability to produce 5 liters of oil per day.
All things considered, the Annual report should be exciting and could be explosive! Matt did say that Global Consortium ended the year on a high note! Go $GCGX...
It wouldn't make sense to build a lab in Colorado to extract CBD oil and not put another big beautiful machine there in that lab too especially since they are going to extract oil for surrounding farms as well our own hemp harvests. $GCGX.
See the following, it's looking more and more like 2019 is going to be a very big year for marijuana legalization at the federal level that is! Go $GCGX...
https://www.fool.com/investing/2019/04/09/1-big-reason-why-us-marijuana-legalization-might-a.aspx
I know, we are all chanting "open open open," just like that Mervyn's commercial back in the 90s! I am anxious too, to turn on that big beautiful extraction machine and start producing liquid gold, CBD oil that is, at $8,000 dollars per liter!
Now, it could be that we are already producing 20 liters per day just like the pr said we were going to do way back in January, and now, with this new machine we just ordered, it's going to double our capacity when they turn it on! But, I'm only just speculating because, by the looks of the pictures we've seen recently, it could be that they aren't producing any oil just yet.
Anyway, they said they purchased the raw material and given the time they've had for this build-out, and now with the order of this massive machine, capable of producing 23 liters per day, I figure that we are only just days away before they turn on the oil spigot and that is really what you are asking isn't it? $GCGX...
Indeed, I wonder if we have another machine just like it in Colorado now that the extraction lab is built; might need two machines for when they plant all 1,400 acres next year; that's a lot of CBD oil at more than $8,000 dollars per liter!
For the life of me I cannot figure out why people are selling Global Consortium at this price, they should be buying the heck out of this cannabis monster in the making! People will soon realize that the $100 million predicted by Matt is not just pie in the sky. Go $GCGX.
I read every report, PR, filing, and tweet; just the facts; nothing more nothing less. Throw in a conference call and you got a great story developing here!
No, April 15th for the annual report and May 15th for the first quarter report.
I thought the same thing too based on the pr but now I'm not so sure. I'm hoping for 3 million or more in the first quarter report. Guess we'll find out May 15th.
I agree, it is early still and likely it's going to take much of this year still to come up to speed and full production. Likewise, I think they are only planting 750 acres this year instead of 2,800 acres util they know for sure the demand is there. That said, CBD oil is everywhere and is even now going into all the big box stores CVS, Walgreen's, and Walmart. Wholefoods was an early adopter and said they were going to carry hemp products too.
Now, I know that the FDA still must clear the way before CBD can be put freely into our food chain but I think that will happen and sooner rather than latter as it is the will of the people and congress. However, congress may have to step in one more time and de-schedule marijuana. Remove it from the Controlled Substance List entirely, effectively legalizing marijuana and all it's components at the Federal level and leaving it up to the States how to regulate. In fact, there are already a couple of bills out there to do just that. So, when that happens, and I am sure it will, then the FDA will just treat CBD like any other vitamin or supplement, woohoo!
All things considered, by next year it looks like we will have a full blown Health and Wellness mania the like of which the world has never seen before, it looks to me at least to be that big! The demand for CBD oil will be huge and we will not only plant our entire 1,400 acres times 2 crops next year but it's likely we may have the two additional Hemp farms mentioned already, one in California and one in New York. Go $GCGX.