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A buyout seems a logical explanation for the the surge. But what I'm struggling with is why do we think the timing is imminent? Or is it? There's been no news to make this move like it did. If there's just a few people in the know buying up shares that started this, then that's good enough for me. lol. I bought some last week just in case, but I remain highly skeptical this is going anywhere soon.
So if Lockwood, a private company, buys out Skye, then they would have to buy back our shares with a cash payment, right? Any guess what the valuation would be? It's typically a pretty steep premium in these situations.
That just proves my point. There is not one single US company on the NASDAQ or NYSE that touches weed directly. That's a disqualifier, because it's illegal. I'm actually surprised some of you don't know that.
The US companies that have listed are either doing pharmacuetical research, packaging, hemp, supplies or some other indirect relation to cannabis. Banking would be another that's allowed.
NASDAQ does not disqualify because it's cannabis, but because of its legal status. Canadian based companies are allowed because they can legally sell it where they operate. Note that not one of them operate in the US, as much as they want to.
This is an old argument and it's not controversial. I'm not even sure why we're talking about it because it may not even apply to GRN, unless they want to start selling MJ.
I can't reply to PM so I'll just say I'm 100% on board with GRN. Wherever this goes, I want to be along for the ride. I have 12200 shares now and will do whatever I can to get more in the next week or two. I'm not a basher, or a pumper. There's just some things I want to be more clear on before I invest more. I will add to my position next week. From what I've witnessed so far, this is by far the best stock I've ever invested in. I love you guys. lol
AGREE. Let's not confuse the issue here. IF they want to start selling weed in FL, and that's just a big IF out of nowhere, they must stay on the OTC for now. If not, they can uplist all day long.
Not at all. These companies all meet the criteria I mentioned. Legal in their operating country, have exemptions, or they don't touch US cannabis. Village Farms only sells hemp cbd in the US. I think some of the medical companies have exemptions for research. But they don't sell weed, either med or rec. GWPharma has an exemption in Britain.
I'm 100% positive on this. Why do you think Curaleaf or Medmen are still on the OTC? Why is Canopy Growth waiting to enter the US market until we legalize? They don't want to delist.
Of course, that's no problem at all.
I'm only saying they can't own a dispensary or grow op and expect to uplist. Their current operations appear to be clean of any of that.
Your second link makes a little more sense. That's another plausible scenario that doesn't require direct contact. They'd be good to uplist in that case I believe.
I just wanted to cover any issues I thought might arise. There's a lot of cheerleading going on here. I want to believe in all of it but I have to ask questions to be sure.
I'm not trying to be argumentative. Someone said GRN wants to own FL dispensaries and I said they can't uplist if they do. That is a fact.
We don't know if they will or not, but it's in the discussion, is it not? I hope they do get in to dispensaries. It certainly hasn't hurt Curaleaf or Trulieve.
This is an example of company that does not touch cannabis directly. That is allowed. Same with Kushco and IIPR and VFF. GRN may be in this category as well. Don't know yet.
I'm not saying this is the case because we just don't know. There's no info on what holdings they own. If it's just hemp investment, they're good to go. But it is a plausible scenario we should consider.
You miss my point. They can't uplist if they own or have stake in US cannabis companies. There are not eligible for NASDAQ or NYSE if they do. I think that's why they chose an OTC shell in the first place. Not because it easier or faster, but because it's their only option.
If he does that, there will be no NASDAQ uplisting. Which is fine. I think that's why they went to the OTC in the first place. I'm not sure if they own stake in pot companies already. Their website says they facilitate investments into dispensaries, but not if they are directly invested. I think they may be so these posts about uplisting seem a little speculative to me.
So they have these patents that are several years old. Great. But that's old news. I believe the story is they have a new process that works even better. But what I think we're waiting on is an announcement of contracts. At least, that's what I'd like to see. Maybe it's a buyout announcement? Whatever it is it should happen soon. People are mentioning $1+ but I've not really seen a good explanation why.
Thank you. That make perfect sense. Also, they didn't actually have an existing board as a private company, so there's that. I just found it curious these are all outsiders coming in. Nothing wrong with that at all.
I have questions about all these new board members. But first, it's awesome that he's getting some serious firepower on board. It bodes extremely well for whatever he's planning. The question is, why does he need to hire new people? Does he not already have a fully functioning staff at GRNfunds? Are they not involved in this? Does it mean they are not rolling GRNfunds into the shell and this new company will be a completely new spinoff unrelated to GRNfunds? I'm not concerned either way, but it makes me wonder.
They are certainly filling a void that many businesses will take advantage of. And probably some big time players like Curaleaf and Trulieve will get on board. I remember Boris Jordan said he had to bring like 6M in cash to the tax office to pay his bill. They need this.
Completely agree. Totally irrelevant to anything.
LOL, you are totally right on that. I always finish last. lolol. Hey I value your input here. Thank you for correcting me.
Look I said I was drunk last night. I wasn't comprehending some things I normally would have. Sorry if I got on your nerves or something. I'm really a super smart and nice guy. :)
I was just pointing out that the registered owners of grnfunds and grnholdings were different. And I was super drunk last night so I could have misspoke. lol. I never said it wasn't legit and I fully believe it is. This is the last I comment on it. :)
I can't imagine there won't be others to dip their toes in this. But first movers has its advantages. The market is theirs for the taking.
The Godaddy powered website is a place holder. Once the web developer finishes the new site it'll go live and this will all be forgotten. I'm not sure why they bothered to put up anything at this URL until they're ready, but there it is.
What are we waiting for exactly that has this so hyped?
Can someone please link the latest PR? I don't know what you guys are referring to but you keep telling me to look at it. Thanks.
Maybe a link would be helpful. I don't know what PR you refer to. I can't read minds. If I'm wrong, sorry. I'm not trying to influence anyone.
Ok, so my entire position here is to not sweat the website because it may be bogus. I was just responding to someone who thought it was weak that they put up a temporary godaddy site and I think it may not be theirs. That is all.
I'm sorry but a website URL has nothing to do with this. GRNFUNDS did not announce a new website. Anyone can register a domain name. Srsly. I don't care one way or another. It means nothing to me. If it's theirs, great. If not, great. I DON'T CARE.
I understand that GRN Holdings is the new company. That has nothing to do with this website URL. No one can prove it is owned by GRN. The WHOIS says it is not. Either way, it's meaningless. Someone said they were disappointed by a godaddy website. I'm saying it's not theirs.
Sigh. Explain the connection to GRN Funds then. I don't see one.
They would not be doing it this way. The website would not go live until they want it to. My guess is someone preempted them by registering the URL first. It doesn't cost much. It happens all the time.
Look I'm not trying to create controversy. It doesn't matter who the current owner is. This could or could not be a GRN website. All I know is when I registered my companies URL with godaddy, I gave my companies physical address, not the web designer who built it.
Not all all. I'm saying the physical address is different from the known official GRNFUNDS website. That's all.
OK! I stand corrected. :) I saw this before but didn't really look into it. This looks like a really good business model to get into. lol
I don't think this is legit. It's owned by a web developer in Scottsdale, Arizona, registered on 7/11/19. Probably just a preemptive register in hopes of a buyout.
grnfunds.com gives a Washington address
Not sure I'm following you. GRN is not a payment processor. They won't deal with Visa or MC. Dispensaries still have to deal with cash transactions. GRN will just be a repository for the cash and allow companies to write checks to pay the bills instead of hauling a truckload of cash to the tax office. Or do I have this wrong?
What web site are you referring to?
With millions of dollars at stake, I would think anything is possible as far as manipulation goes. Us retail investors are just along for whatever ride they want us to go on.
If you made a profit, don't be sad. You can still get back in and make some more. It's not done yet.
I've seen that also. Ameritrade does a good job at giving you lowest cost even when you're willing to pay more.