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Right! Same Conversions Way under Retail bids happened on Matt's other company before it was massively diluted down to trips.
Here's my post from that board last October showing the large cross trade while explaining to others dilution was coming.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151751049
Tell me where you can find indulge products then? As I can not find them for sale anywhere!
And look up the llc that's supposed to hold the license or any other person associated and addresses associated you can't find a thing as far as license goes.
One thing is certian, to produce distillate let alone sell any products you need CALIFORNIA STATE LICENSES in place! And RECREATIONAL ones at that to even be close to fufiling those 1+ old LOI's he is still saying are sealed in place.
Except for the fact that all statements in the Reports are forward looking statements. And that Forward looking statements include risk and uncertainties.
In the Reports you can clearly see however that all note holders and insiders get shares at .0001, a 90+% discount to current market rates.
Here's a state run California Cannabis search engine to find cannabis businesses and license types. Put in the so called address of the location of the place where this oil is supposedly being made.
https://online.bcc.ca.gov/bcc/customization/bcc/cap/licenseSearch.aspx ;
"Welcome to CApotcheck.com, the official License Search Tool of the California Bureau of Cannabis Control. Use the search tool below to find California state-licensed cannabis businesses, including retail, delivery, distributors, testing laboratories, and more. Visit https://bcc.ca.gov/consumers/weedwise.htmlto learn more about “Get #weedwise,” our public information and awareness campaign on legal cannabis."
Here is another state run license type search. I found curas license in Sacramento
https://www.cdph.ca.gov/Programs/CEH/DFDCS/MCSB/Pages/licensesearch.aspx ;
When using state run official search engines you can't seem to find much.
Like I mentioned before Indulge was shut down years ago, don't see why GCGX would still be promoting the brand. Though try searching for not indulge but current addresses and LLC's that are supposed to be in approval or approved and you can't find much......
You can't just produce distillate like is shown in his recent Twitter photos without proper license type approvals.
Huge SGMD.0035 News! https://www.budcars.com
The Company's primary locations in the Sacramento area have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. The Company now expects to surpass $30 million in annualized revenues at these locations.
"Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days," stated Jimmy Chan, CEO of Sugarmade. "The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running."
Based on data from its current operations as well as trends in the LA region, management believes that each additional new BudCars hub will provide an annual revenue run-rate of $15 million to $20 million as a moderate baseline estimate.
The Company also notes that it is seeing a consistent 19% to 20% net profit on sales at its Sacramento locations and believes this will translate to new locations, fueling further expansion potential for up to as many as 20 new BudCars hubs across California over the coming 18-24 months driven primarily by cash from operations.
"We are hiring and expanding our fleet as fast as we can right now to keep up with demand," continued Chan. "We can't expand fast enough. But that's a great problem to have, and LA represents an ideal new market for BudCars."
Huge SGMD news out!!Budcars Cannabis Delievery.0035pps
"The Company's primary locations in the Sacramento area have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. The Company now expects to surpass $30 million in annualized revenues at these locations.
"Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days," stated Jimmy Chan, CEO of Sugarmade. "The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running."
Based on data from its current operations as well as trends in the LA region, management believes that each additional new BudCars hub will provide an annual revenue run-rate of $15 million to $20 million as a moderate baseline estimate.
The Company also notes that it is seeing a consistent 19% to 20% net profit on sales at its Sacramento locations and believes this will translate to new locations, fueling further expansion potential for up to as many as 20 new BudCars hubs across California over the coming 18-24 months driven primarily by cash from operations.
"We are hiring and expanding our fleet as fast as we can right now to keep up with demand," continued Chan. "We can't expand fast enough. But that's a great problem to have, and LA represents an ideal new market for BudCars."
400million shares have been diluted in the last few months, that's dilution. CEO will need to sell his sometime. He gets his full nut regardless if he raises the Authorized or just Reverse Splits as only the retail common shares get split not his preferred which give him the same amount no matter what!
And there is a 1million oustanding balance that is owed to vc services llc (rick housery)shown on his latest filing. With shares gotten at .0001
Huge SGMD news out!!BUDCARS! .0032pps
"The Company's primary locations in the Sacramento area have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. The Company now expects to surpass $30 million in annualized revenues at these locations.
"Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days," stated Jimmy Chan, CEO of Sugarmade. "The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running."
Based on data from its current operations as well as trends in the LA region, management believes that each additional new BudCars hub will provide an annual revenue run-rate of $15 million to $20 million as a moderate baseline estimate.
The Company also notes that it is seeing a consistent 19% to 20% net profit on sales at its Sacramento locations and believes this will translate to new locations, fueling further expansion potential for up to as many as 20 new BudCars hubs across California over the coming 18-24 months driven primarily by cash from operations.
"We are hiring and expanding our fleet as fast as we can right now to keep up with demand," continued Chan. "We can't expand fast enough. But that's a great problem to have, and LA represents an ideal new market for BudCars."
Huge SGMD news out!! .0032pps
"The Company's primary locations in the Sacramento area have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. The Company now expects to surpass $30 million in annualized revenues at these locations.
"Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days," stated Jimmy Chan, CEO of Sugarmade. "The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running."
Based on data from its current operations as well as trends in the LA region, management believes that each additional new BudCars hub will provide an annual revenue run-rate of $15 million to $20 million as a moderate baseline estimate.
The Company also notes that it is seeing a consistent 19% to 20% net profit on sales at its Sacramento locations and believes this will translate to new locations, fueling further expansion potential for up to as many as 20 new BudCars hubs across California over the coming 18-24 months driven primarily by cash from operations.
"We are hiring and expanding our fleet as fast as we can right now to keep up with demand," continued Chan. "We can't expand fast enough. But that's a great problem to have, and LA represents an ideal new market for BudCars."
Impossible! Please explain how Covid-19 is helping them? I'd love to hear a real answer!
Except CEOs 2billion Shares to Convert Himself. Plus on the last filing it shows a 1million balance to the main financier they've used for years!
The LOI that sales figure is based on is a year old and not valid any more lol! Plus without proper licensing they can't be in production and Sell product. I couldn't find any licensing concerning them myself. Plus higher potency doesn't make you more per liter. Using nug run product allows you to sell product for more, not a higher potency. It's about what you use to create the oil, not it's THC content after produced.
I see garbage oil all the time made from trim and garbage outdoor flower which won't sell that test in the high90% range.
You want real news from a company go look at sugarmade and their press release concerning budcars this morning! Plus they are up and running today and you can find them in databases. Why not GCGX's oil company?
Transparency lol! Here is a state run California Cannabis search engine to find cannabis businesses and license types. Put in the so called address of the location of the place where this oil is supposedly being made.
https://online.bcc.ca.gov/bcc/customization/bcc/cap/licenseSearch.aspx
"Welcome to CApotcheck.com, the official License Search Tool of the California Bureau of Cannabis Control. Use the search tool below to find California state-licensed cannabis businesses, including retail, delivery, distributors, testing laboratories, and more. Visit https://bcc.ca.gov/consumers/weedwise.htmlto learn more about “Get #weedwise,” our public information and awareness campaign on legal cannabis."
Here is another state run license type search. I found curas license in Sacramento
https://www.cdph.ca.gov/Programs/CEH/DFDCS/MCSB/Pages/licensesearch.aspx
When using state run official search engines you can't seem to find much.
Like I mentioned before Indulge was shut down years ago, don't see why GCGX would still be promoting the brand. Though try searching for not indulge but current addresses and LLC's that are supposed to be in approval or approved and you can't find much......
You can't just produce distillate like is shown in his recent Twitter photos without proper license type approvals.
In Months When Nothing Happens, will your so called Proof and tune be the same? I'm not the one selling hundreds of millions and billions of shares a year that is Matt and the Insiders than get their shares at .0001 a 99% discount to going market rates.
I've always said trade news, don't get fooled by lies and deception!! Matt Dwayer has been full of lies and deception for years and years and years.
And has yet to produce one thing of actuality for any of his companies.
However Matt only tweets now a days, because press releases actually cost money to put out hahaha! It's just too funny!
Also been in talks with Sacramento Mayor Darrel Steinberg, California Mayor Eric Garcetti, and California Governor Gavin Newsom.
As Every time investors are defrauded out of millions and millions of dollars, which is the case here, Sacramento City and County + THE state of California is also being defrauded as well.
It's easy to be in the know, however most would rather believe LIES than FACTS!
SEC watching Matt Dwayer, Be Very Careful Here!!
Hemp is 10% of the value it was last year. He already failed on multiple hemp farms.
SEC is going to Shut Matt Dwayer down big time soon!!
With all the lies and deception here and his other company, SEC is definitely watching.
Be careful, as when it gets suspended you loose 90% of everything by the time the halt is lifted and it hits greys!
Right! Howabout no more .0001 conversions for insiders!! They will make money off of retail share holders all the way down to nothing!!
What's funny is Indulge used to have products, years ago before they were shut down by California. There will be none of the above.
Only thing here will be more Dilution!! Already about 400-500million millions shares diluted this year so far.
There are huge debts owed and those convert at .0001, a major discount to the current market price!
The SEC’s qualification, however, does not mean that the SEC has approved of the securities offering. The SEC also does not assess the accuracy or completeness of any of the offering documents or solicitation materials.
Living in the past is Matt still using the valuation for indulge at the peak of the industry last year. Cannabis brands have 1/20th of the value today then at the peak of the sector boom last year.
Just look at any major brands stock price and that proof enough right there, let alone a brand that is not even circulation yet lololz.
SS to be raised by a few billion or a reverse split. Those will happen before anything he's promised!
Will bet one of my dispensary licences on it!!!
Touching THC is Touching the Plant which makes it ILLEGAL TO DO ANYTHING THE CEO IS PROMISIMG!.
Good thing it's easier to make promises and Sell Billions and Billions of shares than crate reality
Lies and Deception is the main game of Matt Dwayer and has been for years and years!
Share Structure will need to be raised by a few billion or a reverse split. Those will happen before anything he's promised!
It's been diluted down to .0014 a few times so far. With insiders getting shares for .0001 and selling them on open market it could easily go lower.
Remember, it's always easier for the CEO to make promises and Sell Billions and Billions of shares than produce anything in reality.
Been tracking all cannabis stocks since 2012, so knew of them when they were the company before bdci or something like that. But the trigger price when the hit .0015 and News and Momo is what made me trade it.
Many times I've said play news and momo just don't get tricked by lies and deception.
I was one to call his other co igp* to the T as well. Also warned many about cd*x Cardiff lexginton on the huge 10bagger last Aug September. Now they are .0001 like many others that play the dilution and non reality game.
One from 2012 I just remembered was Mwip which is now agt* they literally have done like 5 reverse splits over the last 8 years and still play the lie to investors the dilute game. There was also medbox which is now noitis global thery hit 200 pps in early 2013 and were .0001 by 2016 lol that company took investors really bad!
Heck Matt's and his buddies have made millions selling GCGX stock the last year. IMO for most it's easier to just sell shares then produce reality.
Anyways best of luck to you and to all!!
GCGX will never hit Nasdaq
GCGX is not a Canadian Incorporation though, so that point is useless! And I mentioned the Canadian Incorporation loophole in my last message responds to blue.
Beside Canopy Growth, most are incorporated in Canada, and Canada is completely legal. So since the incorporation is Canadian it becomes the loophole.
Look at OTCmkts Cannabis Index. Every Company but 2 is slated mainly otc international for that exact reason, the money laundering issue! And these are some of the biggest cannabis companies not small non reporting ones like GCGX. don't believe me here's the link so you can look for yourself.
https://www.otcmarkets.com/index/.OTCQXMJ
It's all about where that money came from, why do you think banks aren't all in yet, DUE TO THE MONEY LAUNDERING ISSUE!
Sales From the Oil is touching the Plant!!! No way around that, after all it's the THC that's the problem and what makes it MONEY LAUNDERING!
If it were just CBD oil, then that would be different.
Talked to My Cannabis Lawyer, he said that since the oil is a schedule 1 substance under current federal law it would be deemed as MONEY LAUNDERING if GCGX were to do a share buyback from its oil sales.
Just wanted to put this out there for others to know as I noticed the recent report was unaudited as most are. But the MONEY LAUNDERING aspect really caught me off guard.
As Money Laundering currently comes with FELONY PROSECUTION.
ANYWAYS, BEST OF LUCK ALL!
Only retail sold late yesterday, easy push back up IMO.
Fair enough ;). I'd love to see it rise big from here personally!
Best of Luck to you also!
I dunno know about that, my two dispensary permits are on hold due to them being recreational with the covid 19 pandemic.
Why would the city put workers at risk to inspect locations?
They probably wouldn't. IMO as always play the news and MONO, don't get fooled into believing lies and deception.
Anyways, best of luck to you!
Easy gains! Though I doubt approvals and inspections are getting done in sac with covid19 going around. They stopped all in Oregon, and other parts of Cali are even shutting down recreational grows.
Play the news and MONO, don't get fooled by lies ;)
Only RS I Remember working was MEDbox in late 2012. That did a rs at about .05, then it went onwards to 200$ per share by early 2013. But at that time you could count the pot/marijuana stocks with your fingers. Much different with close to 1000 cannabis companies today.
Also it was just for a few months it worked. Then only investor losses for years. By 2016 MEDbox switched to noitis global and was back down to .0001.
Main problem with Rs's is companies never rs the Authorized shares just the outstanding so it allows them to dilute all over again.
Insiders hold all shares needed for controlling interest vote, regardless of shareholders. That's where the preferred and other classes of shares come in handy for management.
From the bottom of that paragraph.
"such ratio to be determined by the Company's Board of Directors at any time before March 31, 2021, without further approval or authorization of our stockholders"
If give the idea that the originally need shareholder to vote then rs issuance will be determined by company, but management has controlling interest regardless of common stock shareholders so any votes received will be mute in a sense.
Best of Luck to you!