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I agree and have been watching since August. I think once we get this 10k behind us we can move forward.
Bullshit.
Fundamentals haven't changed. Company working hard to grow and be successful. They did what they had to do to get financing. They are legit. If they could have gotten a loan through ordinary channels I would think they would have. It's still an extremely low float company. They are an upstart and growing cannabis. Ignore the noise. They will do just fine. April 6th is next harvest. Then after that harvests every two weeks. Weed is big business. It's coming and coming soon. Good luck to all.
Yeah they saw everything growing and said there's no money to be made here. Right. Thanks for that valuable insight.
Can't wait brother!
Fake doobage is cool!
Perhaps they are already loaded up.
Fake pictures? Really?
Must have cheap shares! 10K will come out, but it is the past. We are looking to the future! Go SIGO!
Yawn. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Don't forget me!
2018 should be an enjoyable ride! I'd agree Grow. There's no denying that revenue will be rolling in on a constant basis! I'm sure that much will be revealed at the shareholder tour this week and the ball will start rolling shortly!
Thumbs up Grow. Should be up 10 times that if not more by end of year!
I would agree sir! SIGO is the real deal with real investors who will be at a real growing operation this week. WAHOOOOO!
Why don't you go and ask them yourself?
It's just going to keep growing brother! Just like our stock price. Green chutes in the future! This is just in it's infancy! 2018 is going to be a rocket ride.
So, the principal has a skeleton in his closet. He's not an attorney any more. What's that got to do with a cannabis company growing in California? Why ponder on the past when the future looks bright! You have to admit that the future does certainly look bright. Nothing is going to stop this rocket from taking off.
The past is the past. It appears they are doing everything right with this company. Reduction of authorized shares and reduction of float. They are in an emerging market and one of the few licensed in California. Regardless of your opinion, it sure does look they are making progress doesn't it? Come April, there will be perpetual harvests, joint ventures, and expansion in the near future. If you are so concerned about the principals, go to the shareholder tour later on in the week. It certainly would appear that they are trying to be an open book by having a page on Instagram and keeping people informed as to their progress via 8k's. Not to mention, this will be their 2nd share holder tour in the last year. I can't wait to go to the next one. Better yet, I'd like to go and see what 75,000 sq ft. of greenhouses fully blooming looks like in a year. They eventually want to get to 750,000 sq. feet.
Sounds like a cash cow in the making! IMO this stock bounces up this week. One juicy pr and this thing flies north again.
Remember the last run up? The stock appreciated 400 percent inside of 2 weeks! Wow! That was just on licensing news. Wait until the revenues start coming in! Wait until expansion is evident and they are growing in the 32,000 sq. feet that is projected near term. Don't you think that they will be one of the key players in California? After all, they are one of the few cannabis companies that have all of their licenses.
Not only will they be distributing buds to dispensaries, but with the help of REI they will be extracting the rest of the plant. Oh, and then there are the clones they will be selling.
I believe they will be having 5 harvests per bay per year. Currently they have 6 bays under 22,000 sq. feet. Wait until that expansion kicks in and they are constantly distributing.
There's a cannabis company that just went on the Nasdaq earlier in the week and they only have 43,000 sq feet of canopy space and their market cap is over a billion dollars!
The writing is on the will with this company. It's trading at a market cap of under 10 million dollars. California is one of the largest economies in the world and they just went legal in January. I would think those who get in first and create their brand will do quite well. This company is doing it right. They are dedicated to their mission!
Looks to me like the chart is bottomed too! Great time to buy in. Downtrend is done. Best to get on board that rocket while it's fueling up! Climb aboard! It's going to be a blast! There's a lot of eyes on this company and word is getting out! Love it or hate it, it's happening!
It certainly would appear that management has it under control. They seem to be progressing nicely. Have you seen the Instagram page that they update almost daily? Great way of keeping us shareholders in the loop.
Call them and ask.
??????
I've got to agree with you there! It's just the beginning too. Think about it. In a few weeks there will be perpetual harvests, revenues coming in, possible partnerships, expansion! It will be very interesting to hear what the people going to the share holder tour next week have to say. SIGO is just getting warmed up!
THE BEST IS YET TO COME!!!!!!!!!
Chart started it's turnaround today. Got a feeling we bounce shortly!
Or REI Extracts without the Extracts.
Perhaps they don't have a website. Did you try Safari or Yahoo?
That is awesome news!!
It's coming soon!
Well said BoSox! Bottom line is if you have done your homework on these guys than you have to see the big picture here! These guys aren't going to be selling pencils on a street corner. They are going to be selling a product that there is a great demand for! How many other licensed California publicly traded cannabis companies are there? All the licenses for California started being issued in January. It's now March. How about a little patience folks. If you are in penny land, you have got to expect volatility. This isn't a sub penny junk play with billions of shares on the float. They are a startup company with 5 plus million shares on the float. If you have seen the Instagram photos they have put up, it shows progress. People ask them questions and they answer them. Progress is happening.
It wasn't too long ago that this was trading at a 100 million dollar market cap on 50 million shares. There were no licenses back then, but there was a vision. Since then, they have reduced the float and the authorized shares substantially.
So, what do they have going for them?
They are one of the few publicly traded licensed cannabis companies in California. Not only do they have a cultivation license. They have a manufacture and distributor license. One would think that carries a lot of weight when all these harvests come rolling through wouldn't you think?
They got outside financing to expand their operation and build more greenhouses to grow more product. Do you think they would do this if they didn't see what an explosive business opportunity this would be? They got private financing because banks typically won't lend to marijuana related companies. Sounds like REI has faith in them!
Speaking of expansion, once the grow out of the approximate 32,000 sq. feet is completed they have a vision of making 750,000sq ft of grow space eventually. Baby steps first. I agree, but they can see that happening. I just witnessed a Canadian cannabis company hit the Nasdaq this week with 70,000 sq ft. of grow space. They are expanding to 243000 sq. ft. grow space. Oh, there market cap is a measly 1.2 billion.
So, all I'm saying is if you are long that you need to see the big picture here. Don't let the noise get you down. I'm confident that these guys are going to do extremely well.
Think about it this way: If you are in the small percentage of companies that are licensed, wouldn't you think that those companies will almost have a monopoly when it comes to selling? This company is one of the few companies that is at the forefront of legal cannabis in California.
Let them grow and be patient! This is unfolding as we speak. Best of luck guys. I know that down trends are tough, but the nice thing is they don't last forever. Chart is looking pretty bottomed out on low low volume. People are holding tight because they know better.
Anything is possible. The fact is we get to see daily progress on the Instagram page and it's my belief that in between press releases that they want the public to see their progress. They are proud of their accomplishment and it will only expand from here. If you look on the Instagram page, you can see that they are driven and one of the few companies that are licensed in California. Something tells me these guys are in for the long haul.
By the way, take a look at the chart. Stochastic is oversold. Sideways movement or a bounce should not be unexpected! I prefer the latter. On the right news, we bounce imo.
Depending on if and when we get some kind of revenue guidance, we could run on up to 5-7 bucks very quickly! Remember that we went from .82 to over 3.30 in 10 days recently. That was a 400 percent gain in a blink of an eye. Shares locked up by strong hands and the float is low.
Regardless, this should be definitely trading over 10 bucks by end of year if not 20.
All in my opinion of course!
It is fantastic Emit! SIGO is accomplishing their mission! The vision is now their mission! Man I wish I could be home in time to go to that tour next week. Guess I'll just have to go to the next one! By then, I can only imagine how many more plants will be blooming.
From Instagram Page:
VBF Brands: "This is why we are looking forward to completing joint ventures and other deals (such as the deal with REI). These will allow us to remain focus on cultivation while expanding our brand and company."
"Everyone is taking to each other since there are a small percentage licensed right now. REI will be handling the extraction and providing consulting on cultivation. We will need to build out a new room for the manufacturing which they will be paying for"
Wow!
They must have heard me last week when I said, "SEND IN THE CLONES"! There's a picture on Instagram with clones getting ready to be transplanted. -- YO SELDOM,
"WE'VE SENT IN THE CLONES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Some great dialogue on the Instagram page today! Take a gander. Getting excited!https://www.instagram.com/p/Bfvm6_snTzd/?taken-by=vbfbrands
Someone would have to be nuts to short this stock at these levels! This thing is about to turn around quick in my opinion. Low low volume with a very narrow range contraction. Range contraction often leads to range expansion. SIGO has a lot going on and in my opinion they say something to the share holders soon.
RELEASE THE HOUNDS!!!!!
Most certainly do. Maybe not this month,but definitely this year! Look around at some other cannabis companies and compare market caps.
Those licenses are gold. There is a similar company in Canada who jumped 20 percent today. They just got up listed to Nasdaq and have 70,000 sq feet of grow space and want to expand to 243,000 sq. feet. I haven't done enough homework on their market cap yet. CRO*. Gets me excited for what SIGO is about to do! Cannabis is the wave of the future and SIGO is in it's infancy.
I would have to agree with you Rooster. Chart is showing a bottom. Any day now in my opinion. The downtrend is getting tired.
Lol. Watch this thing bounce soon. Chart is bottomed man. Best of luck with your endeavors.