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Whales incoming.
Closer to $.60 more likely. It may close up 100% from today's low. :)
Got the email from TD this morning. Free is fun!
I've been following IIP$R for well over a year. It's always intrigued me. I'm still kicking myself for not buying at $20 when it caught my radar. If this ends up being half as successful as that, I am absolutely ecstatic to get in at this stage. It's going to be amazing.
Definitely a niche market. I only know of one other REIT. Treehouse, a spin off or joint venture (can't remember) from Medmen, but it's still a private company. They've been buying up a lot of the Medmen properties. They may go public sometime next year.
Canopy Rivers, subsidiary of Canopy Growth, is another but not a true REIT I don't think. They're more of an investment firm that deals in real estate and private offerings.
Innovative Industrial paid $.78/share on 9/30. Dividends pay quarterly.
That's a lot of added value income if you happen to own several tens of thousands of shares. :)
Long term hold here. Maybe flip some for that new house when the time comes, but don't ever ever sell it all.
The fact that you put BILL GATES in the same sentence referring to Justin Costello is AWESOME. lol.
Of course, that's right. Forgot about that. I'm obviously not a lawyer. lol.
I know they'll get it all done. Not worried. :)
I thought I read that someone here at ihub will be at the hearing. We'll know pretty much as it happens one way or another.
The 8K showing change in ownership should be good for a huge bump. We get that and it all starts to fall in place. That should be filed pretty quickly, I would think.
And one of the best things about a cannibis REIT, is a lot of the big MSOs out there are desperate for ways to make themselves profitable. Early on they had to buy land to build greenhouses and buy retail storefronts to gain market advantage. They're figuring out now it makes no sense to own these hard assets when you can use that cash for expansion, bills, whatever you need, and not have to dilute the shareholders with convertible debt. They are ALL catching on to it and employing it. I'm seeing news about MSOs selling property and leasing it back from the REIT in longterm contracts all the time now. It's beautiful.
Not only that, but IIPR is the big dog in the sector doing the buying. What they don't have is a lot of competition, and guess what? Here comes Disanti. Maybe he'll be able to get a significant share of these deals. It wouldn't be hard to do. There are literally thousands of cannabis operators out there.
$1.00 is nothing. That's just a 31M market cap. Peanuts and cheap beer.
Think of this. If this becomes an REIT and their dividends in a few years (they must pay dividends by law) are close to what IIPR pays now ($.78/share), I would make more in dividends with the amount of shares I own than my entire years salary. It's the gift that keeps giving.
Wrong. It's CONFIRMATION.
Most are pretty confident that this stock is what people speculate it is. But until the specific actions toward the goal of merger are realized, it's uncertain. Ticker change is one step along with the SEC filings that are necessary actions to alleviate the uncertainty. And with confidence, comes investment.
If you're looking at the news articles, that's not new. Well, it's newish. That started a couple weeks ago. They still report the ticker name as Discovery Gold.
It would take $8.72 here to match the GRN Holdings cap today and they haven't even finalized their merger yet. Still in uncertainty mode.
HUGE money to gain here. We are still in the stage before everyone figures out what is happening and articles are written about them. Once they do, look out.
HUGE.
$500 would be phenomenal, but I honestly don't think I'd have any shares left at that point. Maybe a couple hundred for emergencies. You can't spend shares. :)
$50 and I go full Office Space at work. lol
IIPR looks to be a valid comparison. There are other cannabis REITs, like Treehouse, but it's still a private company (keep your eye on that because they want to go public. They own a lot of the Medmen properties).
So if we want to look at IIPR numbers as a way of judging what we have here with UNRG:
IIPR has 11.3M outstanding shares. They trade on NYSE. (UNRG has 31.5M)
IIPR has a 1B market cap. (That would put UNRG at $30 today.)
IIPR stock price was about $40 1 year ago and now at $95. They hit a high of $139 not long ago.
IIPR pays dividends quarterly. 1 year ago it paid $.35/share. Last quarter it was $.78/share for a 3.78% yield. Think about that and how many shares you own. That math makes me smile. It pays every 3 months.
Now it took some time for IIPR to get to these numbers. Several years. But the sector momentum is swinging in our favor and people are looking for REIT options given the stock market volatility and low yields on CDs/Treasury notes, etc. 3.78% is a fantastic yield. IIPR has been a monster and I think once UNRG hits the NYSE they can easily get to those numbers if Disanti does this right.
Even if Disanti's fund is half as big as IIPR, that's still a great investment. Alternatively, it could be much bigger than them. Let's hope this is all really happening and it's not a head fake. lol
It was all ORCHESTRATED BS. I hate these guys with a passion.
I see no reason to believe that the claim of 1.15B GRN Funds assets under management are not credible.
Until we see the 8K showing change of ownership and some PR about what the new company will be, it's all rumor and speculation. It's easy to connect the dots so I personally feel this is a little safer than most of these.
There will absolutely be ups and downs in the short term. I fully anticipate a big runup and big selloff coming next week or week after. That is temporary profit taking and no big deal. The flippers are going to be on this big time. You can play that if you have the time and energy, or just get your shares and settle in before it gets crazy. This could be a very valuble stock in the near future.
That played out a little differently. GRN bought out the majority shares of an existing SEC reporting shell for .002/share. The previous owners resigned and Costello took over as CEO/Chairman. It didn't go through the courts like this one so not a custodian play.
It was trading subpenny until the 8k was filed stating change in ownership. Once people caught on to who the new owner was, it shot up pretty quick from there. Those that gambled early made/will make a killing.
Did I hear right that Disanti's investment fund has 2B in assets? Almost double what GRN Funds has? And it has 1/4 the float of DCGD?
This hasn't even begun to get exciting yet.
Let's look at the top companies in the US cannabis sector. Almost all did a reverse merger on the OTC. Is there any reason GRN can't do the same thing and be at least as big if not bigger than these guys? GRN is not primarily a grower/retailer like them, but they have the ability and potential to service ALL of them for their banking/capital needs. That is a LOT of money they could take 3% of in transaction fees.
RM = Reverse Merger
Trulieve Cannabis Inc > Schyan Exploration Inc RM 9/2018
OTC: TCNNF $57.9M last qtr 308M Market Cap
Curaleaf Holdings Corp > Lead Ventures Inc RM 10/2018
OTC: CURLF $48.5M last qtr 2.8B Market Cap
Green Thumb Industries > Bayswater Uranium Corp RM 6/2018
OTC: GTBIF $44.7M last qtr 1.3B Market Cap
Tilt Holdings > Santé Veritas Holdings Inc (+ 3 others) RM 12/2018
OTC: TLLTF $39.0M last qtr 64M Market Cap
MedMen Enterprises > OutdoorPartner Media Corp RM 4/2018
OTC: MMNFF $36.6M last qtr 350M Market Cap
Cresco Labs > Randsburg International Gold Corp RM 10/2018
OTC: CRLBF $29.9M last qtr 410M Market Cap
Harvest Health & Recreation > RockBridge Resources Inc RM 11/2018
OTC: HRVSF $26.6M last qtr 387M Market Cap
Columbia Care Inc. > Canaccord Genuity Growth Corp. RM 4/2018
OTC: CCHWF $19.3M last qtr 255M Market Cap
Acreage Holdings > Applied Inventions Management Corp RM 11/2018
OTC: ACRGF $17.7M last qtr
I held through a $20,000 drop before. This don't scare me. Patience wins the race.
Think about what you're saying. GRN funds is a private company and will remain a private company after the merger. They can do whatever they want. SEC has no authority here.
GRN FUNDS is not DCGD. GRN HOLDINGS is an empty shell, officially.
That could change with the merger, but I don't see any legal issues here. They probably took it down to avoid any appearance if impropriety, or it was put up prematurely. Who knows?
Pacific Merchant Processing is the main partner. They will use their current operations and capital to expand, with Finncann providing a further 49% financing and expertise.
This doesn't really have anything to do with DCGD right now other than we believe GRN Funds, and its subsidiaries like Pacific Merchant Processing, will become part of the GRN Holding Company umbrella once the merger is complete.
Next week will be Shock and Awe. Donnie Rumsfeld style.
None for sale.
I like my big fat green shares.
I went all in on these two. I'm +$9000 today. :))) I can NOT wait until next week.
There would have to actually be insiders for it to be a pump and dump. Right now the principal shareholder is dead and buried. He ain't selling anything.
Personally, with what I can speculate will be in the Holding company, I'll put their market cap at 2-5B. That's a $8 to $20 stock price range. I base that on Curaleaf that has a 1B projected revenue next year and hit a market cap around 4B at their peak, currently at 2.5B. Yes GRN is in a slightly different sector, but I can't see anyone being bigger than them in the US cannabis space.
There is always the chance that FOMO takes hold of the low float and pushes this 50+ at some point, but I would be shocked (and delighted) to see $100 even with best case scenario. My opinion.
Some people who claim to talk to Justin are thinking bigger numbers. But I've also seen them post wrong info before because they didn't check it out, so I'm dubious. Could be less, could be more.
Same reason why 7 of the top 10 cannabis companies in the US did the exact same thing -- reverse merger on the OTC. I've explained this before but people just want to ignore anything that doesn't fit the narrative.
Reason: they cannot list on the big boards as a marjijuana-related business. They are prohibited. The OTC or a Canadian exchange is their only listing option. And a Reverse Merger is the quickest and cheapest way to do it. It is the proven model on how to go public in the US as a cannabis company. It's been successfully accomplished over a dozen times in the last 2 years.
GRN Holding Corporation comments on 10-Q issued on September 23, 2019
It literally is a word in the dictionary.
Please. That's just false. It clearly stated it was a shell company. Pre-merger. All the language referred to it as such. Try again.
Ignore the FUD. We all know what's going to happen one week from Friday.
What's going on right now is textbook. Next run is imminent.
Buying a majority of a shell company is the definition of a reverse merger. It worked out pretty well for the other guys on the list.
OK, so this is AWESOME! I didn't realize this was more a real estate play. I've followed IIPR and Treehouse (Medmen's affiliate) closely and really like what they've done. If this ends up being a cannabis REIT I am SO IN ON THAT!
I've already got 14000 shares and may get another 50000 tomorrow. This is gonna be so badass with this float once the disclosures are made.
IIPR market cap is 1B and it's been higher. That would put UNRG at $31 per share today.