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CBD is a main focus right now,with the roll up phase of KIOKS/MALL that is closely watched by many. Again a recession would definitely not help, common sense.
I interpret today back stop commitment news as very positive news, it shows many reputable investors believe in the future of Green Growth Brands. Now that is encouraging .
Large is relative compared to other more mature companies.Besides the point, I don't see how you could argue the fact that a recession would not be good at the stage of a growing company. So again let's hope there isnt one.
GGB is mostly invested in CBD products,no such thing as light up a joint for either reason.Let's just hope there is no recession ,there are already enough challenges on the table.This trade war doesn't help either
Recession is not good news. Period. Hopefully it is as you say, just unwarranted fear.
There is such a thing as disposal income. When you save your every cent to keep a roof over your head and food on the table, you're not going to think about a CBD oil to cure your headache
And now this, the bonds market indicated today that a very possible recession is on the horizon, which most likely will affect the cannabis sector and the disposal income towards those products. Really doesn't look good.
End of August
I'm sitting on thousands of shares, so the sooner the better. TX for the talk
Read again my post, my concern is exactly about the wait. A wait that seems to get longer and longer with each passing months.When will I start seeing a reversal??I invested in the GGB because it was presented as a company that will growth rapidly and aggressively. Mr. Horvath himself claimed the stock was going to reach $7.00 within the early months of this year.We now know this was delusional and yet I resolved myself to stick with the stock long term,that's why I never sold and even bought 3000 more shares in April.
But This "long term thing" seems to be longer and longer term " each passing months.... before we can hope for change.
If I knew that the company was going to use extreme dilution strategy in order to expand, I would never bought the stock at the time I bought it.I would have waited until the company was more mature.I think many of us would have done that.Why buying a stock that you know is not ready to perform because of tactics such as dilution??You wait until you start seeing an uptrend of that stock.Then you jump in.
The problem is the dilution, it's always been the problem.Always. And the possibility of the warrants being executed if the stock goes up [ which it will most likely do with upcoming revenues] is also a concern. It pains me to think this but I'm starting to believe that the slum is here to stay for a long while to come.And it'll be many quarters to come before there is a change.Poster SAV79 can be be most annoying with his constant bashing, but he's not all wrong, the majority of the market/people seems to share his view.
OK. Read it. tx
I'd like to form my own opinion, and yes the thought crossed my mind, but being new in the investment game, I'd want to hear everyone point of view,discern the info later.
And this despite if upcoming revenues are solid, and growing ever more as quarters go by? [ as predicted so often]. Didn't Aphria recently prove that revenues/profit margin is just about what all investors are looking for in a company?
You've very critical of GGB. And I can understand you on some level.Do you see this stock rebounding and have a brighter future down the road, without putting a time on it, just later down the road.
As optimistic as I/WE are being asked to be, you can't deny the article below.[Let's hope upcoming revenues are all that and more]
6. Green Growth Brands: Down 66.5%
Not to sound like a broken record, but Green Growth Brands (NASDAQOTH:GGBXF), the final canna-bust on the list from July, has earned its place among the top losers because of (drum roll) share-based dilution.
On July 9, Green Growth Brands announced the acquisition of MXY Holdings for $310 million. With Green Growth already pushing into shopping centers and popular mall-based retailers with its CBD products, the addition of MXY Holdings adds tetrahydrocannabinol (THC) offerings as well that are distributed in more than 250 U.S. dispensaries.
The problem is that Green Growth doesn't have the cash finance such a deal (and this is often the case with most pot stocks). Although the deal is complicated, the main gist is that Green Growth is issuing stock, as well as providing warrants, to help pay for it. This could mean a whole lot of dilution for existing shareholders, as well as the possibility of these warrants being executed down the road, if the share price of Green Growth rises.
Two weeks after the MXY deal, Green Growth announced a bought deal public offering totaling about 50 million Canadian dollars. [colorLong story short, long-term shareholders are drowning in share issuances and paying the price.
Aphria is killing it today,proof that how no matter how much a stock is embattled ,it always comes down to revenue and profit in the end.
Crazy, every time GGB puts a news out, the stock dives.It never failed for the last 5 months.Every single time.It doesn't mean much at the end of the day,I get that, but it's becoming comical
All these back and forth in differences of opinions is pointless at this stage. It's too early to make predictions in either way. I personally want GGB to succeed for personal gain of course, but the mall strategy is not a slam dunk case. We really need to see the next 2 or 3 quarters to get a better understanding of what's next.
And the company is not just about kiosks and department stores, there is a lot more to GGB than just this roll up phase. Somehow some of the posters on this forum keep ignoring that.
Oh I never moved according to their predictions,it was just something to see how one side minded some posters can be .
But I digress,GGB is my first investment ever, so it would mean a lot to see this become a success story
Well explained, but it seems that the return date on the investment keep changing to a later and later date to fit the current situation.In December it was said that this stock will explode by March, by March it was said [by some] that this will explode by June, by June it was said to wait until the first 2 quarters of 2020, now we're mentioning 10 years.
It is funny how I myself, how months ago ,was saying the same thing you just did , that this stock was going to be a slow climb and not the lightening rise that many posters were claiming. Those idiots posters would then call me a short seller in disguise for just saying that this is to be a very slow climb. They were so psyched up that this stock was the second coming and would rise to crazy levels in just a few short months that they couldn't take the smallest criticism. Well who's right now.
Any way, thanks for your post, it is encouraging and well explained.
Like you said, the price is ridiculously low, there is plenty of room to add later, if and when we see an upturn in the next quarters
No I don't want to chance it.I'm deep under water already in this GGB stock since December 2018 when I bought it under Xantic Biopharma and I've yet to see results.I 've been following this stock for months and months and I've yet to see results.It's always been tomorrow , next week ,next month..and it never happened.It was said to reach $7 by January,February 2019 and then the stupid Aphria incident....And still many posters kept saying "it's going to explode anytime now,any moment , it 'll be $10 by June" .... but still waiting....
As I said, I'll wait until the first results start rolling in, and then it is as good as they predict it to be, you could bet your ass I will add nuts amount.
But for now, I will hold, you never know anymore.One poster once said on this forum that logic left this market a long time ago, so with that , I 'll stay where I am for now.
TX-Same to you
Got to see the next few quarters first.If it turns out to be as promising as many of you think it'll be, there is plenty of time for more opportunities
I know that. Can't sell at a loss, got to see this through and hope that the road taken by GGB thus far turns out be a profitable one in the future.
OK, Let's just wait until revenues come in.Got to stay positive
Think or a minute,anyone in for trading wouldn't vent the way I vent, so in for investment of course.And enough excuses on behalf of some the company questionable moves.I understand it's common practice to issue common shares in order to expand, but a raise right after completing a buy back!!!come on!!that in itself took many willing investors by complete surprise. And again they always boasted to have the Jewish family in the corner for capital, precisely to avoid using all their shares as a financial tool, well what happened to that.
I'm not giving up on GGB, how can I after losing 2/3 on my position already, but we were told, by the company no less , that this was going to hit $7 by January of this year, and it has done nothing but tanking for 5 straight months now.And as much as we want this company to succeed , there is no guarantee that all theses recent expansion is going to pay off. They should have waited a few quarters first and see how much revenues they can muster first
Where is the Shottenstein family in all this?? Where the hell are they? Why not borrowing the money from them? They were supposed to be backed up by this Jewish family, that was the big shtick, the selling point, the thing that set them apart, well where the hell are they?? Horvath has all the grandiose plans and he doesn't the money when it's time to pay up. And all these back up manoeuvres, this relentless dilution, this Buy out of shares , it's killing the stock. Hurting investors
It doesn't change much in the big scheme of things but why not saying up front how the money raised is going to be used
if this true, there is the element of trust that's gone now
to Alabama96: again these acquisitions were supposed to be paid off, and this is from the company own admission. The money is being used for something else, read this and tell me otherwise, it's long but read it anyway please, I'll post link at the end :
However, there’s some issues with the above stated purposes of the proceeds. First and foremost, on September 18, 2018 the company announced that it completed the acquisition of Nevada Organic Remedies. Second, the cash purchase price of Henderson Organic Remedies was already loaned to the firm as per the latest financials posted by Green Growth Brands on May 29, for the period ended March 31, 2019. The only thing stopping the Henderson acquisition from closing, based on previous company filings, is the formal exercise of the warrants that were issued in connection with the option. No further cash should be required to close the transaction.
Thirdly, the cash purchase price of Spring Oaks, which is a Florida licensee, consists of US$26.15 million, out of the total US$54.65 million price tag. This purchase should have been satisfied under the US$45.5 million raise conducted on May 17 through the aforementioned convertible debentures, as the acquisition of Spring Oak Greenhouses LLC was announced on June 4, 2019. There was a mere two week time frame between these dates, and no other major expenditures during this time period. Furthermore, a US$5 million loan was provided to GGB by MXY Holdings LLC as part of the all share acquisition announced on July 9, 2019 of the multi state operator. The funds from this loan were stated to be used to “fund certain pending acquisitions.”
Based on this information, it results in the current C$50 million financing likely being used for purpose (iv), the Company’s ongoing capital expenditures and general corporate purposes. A large portion of which, consists of the C$39 million promissory note issued on May 16, 2019 to complete the buy back of 27.3 million shares of the company at a price of $3.26 per share.
http://thedeepdive.ca/green-growth-brands-conducts-raise-after-completing-share-buyback/
And I thought all the acquisitions were paid for already, wasn't that point of all those shares issuance that led to so much dilution?
I don't understand why the company made this offer/buy out now that the stock has declined so much? if this capital is going to be used to complete the ongoing expansion, and making such a deal was part of their plan all along, then why not make the deal when the stock was at better level?
No point answering that.
OK. So what to anticipate next in regards to this 50 millions shares buy out? I guess an upcoming heavy pull back of the stock, but for how long and how low?
Damn, this is really testing nerves for first time investors like myself who picked GGB as their very first investment.It all boils down to this mall strategy, is it going to succeed. In all fairness , I have concerns.No later than yesterday I read that GNC is cutting half of their mall stores, citing a decline in traffic mall as a reason. Brookstone filed bankruptcy last year, citing the same reason. Now I realize that GGB will have a footprint in premium malls, but one can't help thinking there is a pattern here.
You mean February 2020
I'm not assuming anything.Read my post again. It asks what IF either one of is correct , what happens next. Not bashing or praising, but trying to understand everyone's point of view.
OK, so you as well , assuming your assumption is correct, what happens after the 20 millions shares are dumped and the company strategy mall and Kiosks prove successful, money is coming in,so what happens then, will the stock rebound?
Assuming you re right, so what , so no matter what we are at the mercy of this tactic for ever? in 6 months from now , if the stock hasn't got any better , that's the reason we 're going to use to explain it? the stock is being manipulated