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Which of the big things will come next
Mgclf
Which of the big things will come next
Mgclf
FYI- yesterday on Seeking Alpha I commented to Cornerstone Investments asking to cover MGCLF/Australia
Here’s the reply Noted. We plan to get to Australia but after our Canadian and US. pieces. Stay tuned.
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I hope we keep our gains and end green again. I would think next week we should get the news on GMP certification. A government agency turn around time is most likely 4-6 weeks. We’re in that zone now
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I think cannabis in general is going to change the medical world. I’ve followed a few studies and all where positive and it’s more natural
I had emailed Ted of Let’s Toke for a recommendation (cc’d Ron) for a cannabis sector firm to distribute news. He replied with whom Canopy uses. I have sent to Ron. I’m hoping by the next news release, it will be here and Australia
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I’ve been using cbd for carpal and it’s worked wonders. There’s no doubt Cannepil will be a success. We have an added bonus with GW getting their epilepsy med through FDA.
2018 will be epic for MGCLF
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My order got filled at ask
1000 patients is less than 1% of sufferers in Australia that’s $10mil quarterly- what’s great is this is a recurring revenue stream
If next quarter they have 200 @ $2nil then pick up 500 more next quarter 4th quarter will have $7mil revenue just from Cannepil.
The VC deal is great- Cannepil is the $$$$ Market
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Cannepil I would guess next week. They already have 100 patients signed up - that’s $1,000,000 in revenue- since it’s much cheaper that other prescriptions, with Canopy training doctors.. and Epilepsy Action Australia as a strategic partner I would think the patient count will grow quickly. That doesn’t include the 2.6 million prospects in Europe.
Have you been able to fill a buy order? I had a bid in at .075 didn’t get filled. But big orders are getting filled that aren’t going to volume. I’ll hit the ask lol... the volume has been very high all week
You know the saying , first volume increase then price
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So far today we broke through .069 and .073 resistance- if we had volume this would go. At least we know volume is coming thanks to MGCLF listening to us about news distribution
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You are right. Last email I got they were launching mid year. WE should see that $1mil of revenue next quarter.
We have Cannepil, VC deal, GMP, Cult Beauty, Nutracutical launch- the joint venture with Canadian producer- add that to feds lightening up, Canada full legalization. - MGCLF working on getting news distribution - NVC tracking MGCLF and uplist to otcqb - let’s not forget about Malta and Europe
I think we’ll be $1 by summer. When I compare MGCLF to the big Canadian players, the pipeline looks better and the upside is huge.
If it stays low a bit longer, I keep adding ! I’d like to get to 1mil shares
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Article by Alan this week in Leafy. I love MGCLF is only one with revenue
https://www.leafly.com/news/industry/investing-in-australias-cannabis-industry-5-companies-to-watch
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It’s huge for MGCLF and the cannabis sector. MGC is so undervalued
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More good news. Sessions admits medical benefits to cannabis
hthttp://marijuanastocks.com/sessions-changes-opinion-on-medicinal-
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There was a wall up yesterday at .066 on level 2 it looked clear till .093 where there where a few for sale (as far as I could tell). If volume keeps picking up we should run. There are a lot of longs holding this stick which will help it run. If MM’s keep it down, I’ll buy more.
I would guess next week we get gmp news
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I agree. New companies tend to trade on potential. I think at one point Aurora was trading at 500x revenue that was high (and a great time in my life lol). 500 is def high I also think 70x’s (where it is now is high)
I think one major thing that sets MGCLF apart is, they’ll have the revenue to justify market cap. Also, there revenue isn’t solely based off growing cannabis right out of the gate if cannabis ever becomes a commodity MGC I don’t think will be affected.
They are also self sufficient- the grow, produce their own cbd etc etc
End of 2017 a lot of the big Canadian LP’s started taking on more debt to offer more than just Cannabis.... MGC started with a broad range. Auscan having Canopy train the doctors (and they know what works because they did it) is HUGE for MGC as Cannepil is being released. They have 100 patients signed up at $1,000,000, they have an alliance with Epilepsy Action of Australia and they have Canopy growth training doctors on prescriptions of cannabis. I can’t imagine at least 5% of the 80,000 Australians suffering with refractory epilepsy wanting this medication then we have 2.6 million sufferers in Europe.... remember Cannepil is cheaper than other meds
End of year should be HUGE for MGCLF
I love seeing the volume over 1/2 million again today. I hope we’re finally getting noticed!!
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Yes- to get the share price take the market cap and divide it by outstanding shares.
A lot of us think the market cap for MGCLF is way undervalued based on their revenue- eventually the market cap will catch up. And if MGCLF uplists to the OTCQB the number of outstanding shares should come down because they haven’t issued all the shares they were authorized.
If your new to investing always look at market cap and try to see what the multiplier is other companies in that sector trade at
Example- Aurora last quarterly revenue was $11.7 if all 4 quarters where the same they’re annual is $46.8 million - their market cap is 3.4 bill so they are trading at 73x’s revenue. When the sector was real hot they traded at 200+ times revenue. MGCLF has a lot of deals closing in coming quarters Cannepil will bring in at least $1mil next quarter and Mascut and Derma should total near $1mil (more like $8mil if VC deal hits)
That’s my thinking as to why MGCLF is so undervalued.
Welcome to the board, you are now a MGCLF Amigo
They absolutely do!! I had mentioned the article written by Alan from NCV and half jokenly said “you only need $2.5 million quarterly revenue to make the NCV revenue tracker list, you should hit that next quarter nooo problem”.... he chuckled but he DIDN’T say “no that’s way too soon. I think they’ll be there.
He was very easy to talk to, appreciative that I reached out (I apologized for being pushy). He thanked me several times for taking the time to explain to him and said their working hard and as a shareholder id be rewarded.
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Sorry for 3rd post - I was in meeting all morning.
I wanted to update everyone, I got an email this morning from Ron asking if I knew of a law firm to handle the compliance on the US MGCLF - Brett wants to be sure everything is done right.
I actually emailed Ted Oshami (Lets Toke) cc'ing Ron for a referral as the attorneys I know aren't in the cannabis sector - Ted or Alan would have a better referral (I also recommended reaching out to Alan at NCV)
I'm so proud to be a shareholder here, they are taking action quick
GO MGCLF
They have 1.2 billion authorized. (I just replied to Rushman with a long explanation). I'd guess their float around 600mil.
They can't issue any more that 1.2 billion shares. Since MGC is an Australian company they follow their rules - hopefully if they uplist the Authorized, Outstanding and Float will be explained on the otc web.
The good thing is, I don't see any more capital raises. Aurora every time they'd gain $1-$3 they issued more shares (they have almost 600mil) and the stock would drop. One reason I love MGC is they've built the foundation across the board - derma - growing - medical - nutraceuticals - the have a vape partner etc etc - so when they get to $1bil market cap, they won't be spending money like the Canadian LP's to diversify.
I'd prefer less shares but - MCG could easily hit over a billion market cap end up year (I think they'll hit $4) that's still over $3 a share
Also remember there are 1.2 billion authorized shares. Since Australia lists all shares authorized as their number, MGCLF has the same. MCG hasn't issued all shares available. Usually the float listed on the OTC is issued shares -minus- shares held not available to sell on open market (preferred, institutional etc).
the US lists
Authorized 1.2 bil
Issued 1 bil (my numbers may not be exact)
Float - my guess is float is around 600,000,000
The good thing is - they've done all their capital raises. When this stock goes up, it won't drop because they want to branch out into another division. They built their divisions from the start.
by the end of 2018 Aurora will have 1.2 billion shares out they have almost 600mil now.
I'd prefer a lower share count, but I'm confident this company can hit a 10bil market cap easily in 5 years or less (my guess is 4bil be end of this year)
Like you I’ve been buying since January! I’m happy to report I had an excellent conversation with Ron last night. It could not have been a better conversation. He absolutely understands how the news releases are not getting distribution in the USA ticker MGCLF- and agrees they should. Australia is strict in their filings, they weren’t aware (Australian investors basically look to ASX for announcements) US investors are different.
They are working on it, they want to be sure they are compliant on their releases. I’m optimistic we’ll see the updates flow through soon. I also discussed MGCLF being pink and OTCQB. I believe they will uplist at some point this year.
I’m even more proud and excited for this stock after my conversation I obviously couldn’t ask questions on future announcements, but, I know the board is working their butts off to dominate the market. With MGCLF on Alan’s radar and news pending... I’m excited for the future
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Hopefully MGCLF will green tonight in Australia
Rush- can you sticky the Leafy article. I attached to our IBox, but I already used my 1 sticky allowed
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I’m shocked these are still at .07
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There’s so much ahead for us. I’m confident this is the beginning of great things. I did just email Ron that their current PR firm has global reach. It may just be a matter of them updating the MGCLF ticker when they update the Australian MXC ticker. Which would be great
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I reached Ron briefly, hopefully he’ll get back online and we can finish today.
Good news, he brought the Leafy article to my attention and see’s importance of news. More good news, their current PR firm Wellshaslem has global reach- they maybe able to distribute to USA channels as they update ASX. I didn’t get into explaining filing with otc market and share float. Hopefully we’ll reach each other today or tomorrow.
It’s great that MGCLF is being tracked by Alan at NCV- notice MGCLF is only company with revenue!! Once they got $2.5 million a quarter, they are eligible to be listed in the revenue tracker- which wenknow wont be long!!
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As I’m waiting to touch base with Ron. I did see he sent me this article. MGC is on NCV (Alans’) radar!
This article came out yesterday, I’m thrilled to see that MGC is being tracked by New Cannabis Ventures
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I’ve said this before, there is an excitement about this stock. I feel like getting in MGCLF now is like getting Aurora at .05.
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Thank you!! He confirmed the call at 1:00 today. I have my notes ready - I’m glad they want to hear the perspective of the US investors. I just think it’s important that all news releases in Australia is also released in USA/Canada. The numbers, projects speak for themselves!!
I’m representing all of us!!
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I wonder if it’d be a conflict of interest if Canopy worked with MGC? All the training that Canopy did in Canada to the doctors they have been doing in Australia. Since MGC works with the epilepsy group in Australia, has patients and their releasing Cannepil- I wonder if it’s a couple conflict or if Canopy could be the Northern established. LP that keeps get mentioned (in talks of joint venture)
It says a lot about a company that he’s taking time to listen to a shareholder. When news is released through the US channels, people will quickly realize the opportunity. We’ll be happy to be in early.
MGCLF has amazing announcements we are waiting on add that to USA changing their stance on Cannabis and Canada legalization- we are primed for a run
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They are the only company I know of that had actual sales the past quarter. This stock is so undervalued- AusCann market cap is 3-4x’s MGC and MGC revenues last quarter where 81x Auscan. It’s jist a matter of time.
The big g numbers didn’t even hit on last quarter.!!!
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I agree. MGCLF will bloom into a monster. It really is like getting 3 stocks in one. I love how they have such a strong foundation on so many levels.
It’s been about a month since Cannepil testing began. We should hear anyday now on final GMP certification- that’s huge
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I think May will be the beginning of the big climb for MGCLF.
Catalyst in US and Canada- along with epic news in the wings, our patience will pay off
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Call you s confirmed today at 1:00. Hopefully we’ll see news distribution in USA
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In the last paragraph in Namaste reminded me of MGC- Aurora is invested in Namaste
Could be the plural Namaste is in Australia and a medical app, I hope we find out soon, it’s driving me nuts
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I agree. I’m wondering if they’ll release another announcement tonight... tomorrow is my call with Ron.
Read Namaste announcement today, think they could be the JV?? Did you notice in the quarterly MGC said still talking with companies about JV’s. Both plural
Aurora announced their funding a library that sounds like MGc and Namaste want to amp up global hmmmm
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Looks like they got gobbled up quick. That’s a good thing! Good luck to you ... I’m still in Z and A, but, MGC is my biggest holding.
Not sure if this article has been posted regarding Cannepil revenue
https://www.google.com/amp/www.proactiveinvestors.com.au/companies/amp/news/193983