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280E tax - extra taxes on cannabis company.
INTERNAL REVENUE CODE
SECTION 280E
:
CREATING AN IMPOSSIBLE SITUATION FOR
LEGITIMATE BUSINESSES:
https://thecannabisindustry.org/uploads/2015-280E-White-Paper.pdf
Outstanding Shares(OS) are part of Authorized Shares (AS).
I politely disagree with you.
Save those beautiful words for somebody else.
I own Scottrade account, which gives misinformation regarding recent OS numbers.
Take your time. I will wait for that info from you. Thank you.
Can you copy and paste number and date? Thank You.
Link, please.I would like to see that number.Thank You.
What is OS on KAYS stock recently? Is company paying 280E tax code taxes?
What is recent OS on KAYS stock?
Oakland pot-cultivation center could produce more than 2,200 pounds of marijuana a year:
http://www.bizjournals.com/sanfrancisco/news/2017/03/10/oakland-pot-cultivation-center-terra-tech.html
Check out the new grasshopper vending machine we're testing at Blum Oakland.
Avoid the lines and have access to some of our top selling items including IVXX concentrates and cartridges:
https://www.facebook.com/pg/terratechcorp/posts/?ref=page_internal
New cannabis advocacy group aims to sway federal government:
http://mjbizdaily.com/new-cannabis-advocacy-group-aims-sway-federal-government/
Some DD regarding TRTC's stock price behavior:
First - TRTC's stock OS increased by 4,806 861. in duration of one month( from 2/16/2017 to 3/17/2017)(info from FINRA).
MM's short interest in TRTC stock was 10, 936 630.(from 2/15/2017 to 3/15/2017)info from FINRA).
TRTC's stock OS increased by 2, 999 579. (from 01/20/2017 to 02/16/2017)(info from FINRA).
MM's short interest in TRTC stock was 12, 272 149.( from 1/13/2017 to 2/16/2017)(info from FINRA).
MM's short interest in TRTC increased significantly on March 31, 2016 (from 113,174. to 1, 614 770.) and continue to grow(info from FINRA).
Second - TRTC belongs to OTCQX and info on OS is updated every two weeks. Many companies of cannabis sector are not updating on there OS every two weeks and info is so conveniently behind 6 month or more.
Draw your own conclusions.
Marijuana Stocks And Indices On A Downtrend: Who's Taking The Heat And Why:
https://www.benzinga.com/news/17/03/9183591/marijuana-stocks-and-indices-on-a-downtrend-whos-taking-the-heat-and-why
“What I've observed this year is that the companies that I think come the closest to being real cannabis companies with things like revenues, presence at trade shows, moderate cash burn rates — These companies are performing among the worst. It's amazing,” he said.(AB).
Info about some marijuana bills introduced in 115th congress (2017-2018):
-https://www.congress.gov/bill/115th-congress/house-bill/715/text
-https://www.congress.gov/bill/115th-congress/house-bill/975?q=%7B%22search%22%3A%5B%22marijuana%22%5D%7D&r=1
-https://www.congress.gov/bill/115th-congress/house-bill/331?q=%7B%22search%22%3A%5B%22marijuana%22%5D%7D&r=2
-https://www.congress.gov/bill/115th-congress/house-bill/715?q=%7B%22search%22%3A%5B%22marijuana%22%5D%7D&r=3
-https://www.congress.gov/bill/115th-congress/house-bill/1227?q=%7B%22search%22%3A%5B%22marihuana%22%5D%7D&r=1
There are two conditions, which must be fulfilled for cannabis sector,before TRTC would apply for NASDAQ or other big board exchange:
-Elimination of 280E tax code;
-Easy access to banking systems/accounts ( no need to operate with cash).
Info regarding The Apothecarium dispensary/private company:
The Apothecarium has 1 dispensary in Las Vegas, NV.
http://news3lv.com/news/local/former-police-officer-opens-medical-marijuana-dispensary-in-las-vegas
Info regarding Harborside Health Center/ private company ( Blum competitor in CA):
City of San Leandro CA granted Harborside permit to open and operate a dispensary in September, 2015. Dispensay is not opened to this day.
http://www.sacbee.com/news/state/california/california-weed/article2573199.html
https://mjbizdaily.com/possible-landmark-mj-industry-tax-trial-starts-monday/
https://news.vice.com/story/legal-weed-businesses-are-worried-the-irs-could-tax-them-out-of-existence
My respond to your PM ( I have no option to respond privately):
I think so too, that owner of The Green Door owned 50% of BlumOak prior to merger with TRTC.
You are so right. Here is no competition for TRTC's Blum dispensaries in CA from any publicly traded Cannabis Company.
TRTC's Blum dispensaries are competing with privately own dispensaries:
- Harborside Health Center(the biggest one);
- The Apothecarium;
-The Green Door and etc. (all own privately).
Nevada Medical Cannabis Patient Growth Bounces Back:
https://www.newcannabisventures.com/nevada-medical-cannabis-patient-growth-bounces-back/
Keep your eyes on 280E tax code too.
Outstanding shares had increased because, TRTC merged with Blum Oakland CA, opened 4 dispensaries in NV , continue to develop IVXX products, actively helped to educate people about recreation marijuana in CA, NV. This year TRTC opening new dispensary in San Leandro ,CA, building new cultivation, production facility in Oakland, CA. TRTC building two new cultivation, production facilities in NV. Blum NV dispensaries will start selling adult use marijuana in July, 2017 and etc.
You are most welcome.
Life's too short. Make yourself happy and do not invest in TRTC.
Paraphrasing DP:
"TRTC's goal is always to file 10K's, 10Q's on time or before due date."
Info about 4th quarter is always filed in 10K for the year. This is a rule for all companies filing 10Q's, 10K's. There is no 10Q for the 4th quarter as a separate doc.
Last time TRTC filed NT FORM 12b-25 was on November 14, 2013 for 3rd 10Q, 2013.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9613612
Next 10K for 2013 was filed on due time ( no extension needed).
10Q for the 1st quarter of 2017 due date - May 15, 2017.
"Annual report Form 10K will be filed on or before the fifteenth calendar day following the prescribed due date" from FORM 12b-25.
Due date for annual Form 10K 2016 year is last day of March, 2017.
Regarding "IVXX batch went bad in 2015" - it was nothing wrong with quality, just visual problem ( paraphrasing DP).
My point was, that it was not a IVXX product.
TRTC IVXX products are tested by Steep Hill lab in CA. Yes, testing is very very important.
P.S.you printed one very selective feedback.Did you read rest of it?
Oxford University receives $12.3M to study medical cannabis:
http://mjbizdaily.com/oxford-university-receives-12-3m-to-study-medical-cannabis/
I was checking new website. My post #27031
"I was trying to find some more info on this new Signalbay.com website.
Under "Our Team" (no printed names)I saw picture of investment banker and President of cannabis advisory firm Electrum Partners, Leslie Bocskor.
Since when he is a SGBY team member? "
My post#27034
"I knew, that Leslie Bocskor - Growblox Sciences Company's (GBLX) - one of Board of Directors (May 3, 2016)."
New interview with Leslie Bocskor on Benzinga (March 13, 2017):
https://www.benzinga.com/personal-finance/financial-advisors/17/03/9155317/how-to-pick-the-right-marijuana-stocks
Any updates since 2015? I did not find any info in SGBY's 10K for 2016.
Link, please.