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From the 10k -- The Company is authorized to issue an unlimited number of Common Shares, of which there are 145,110,106 Common Shares outstanding as of March 22, 2022. The Company’s authorized share capital consists of the Common Shares, as well as an unlimited number of Proportionate Voting Shares, none of which were issued and outstanding as of December 31, 2021, and an unlimited number of preferred shares, issuable in series, none of which were issued and outstanding as of December 31, 2021. Holders of Proportionate Voting Shares are entitled to 400 votes per Proportionate Voting Share and holders of Common Shares are entitled to one vote per Common Share on all matters upon which holders of shares are entitled to vote. On November 3, 2021, all Proportionate Voting Shares converted into Common Shares by way of mandatory conversion in accordance with the Articles. Following the conversion of all Proportionate Voting Shares into Common Shares, no further Proportionate Voting Shares may be issued by the Company.
This real enough for you?
You’re just posting the tip of the iceberg. And not even the most important ones. Look, the main problem is their business model. To break even they will need roughly 200 mil in sales. Currently the SG&A is HIGHER than the sales, add in cost of product and you have a million in loss per week. Sure you can add other concerns, but if you can’t get past the cost of running the company than what’s the point. Yes, I’m sure you can raise the point of having unlimited dilution at your finger tips to extend the game but what you can’t do is turn a profit under the current business model.IMO
It appears AYR did not get past the NJ board on the first pass.
What was new and exciting, became same old same old commonplace. The first company that has a business model of making a decent profit on volume will own this space.
Sounds like a mess.
Green Thumb to Open RISE Mankato, Its 77th Retail Location in the Nation, on April 14
7:00 am ET April 11, 2022 (Globe Newswire) Print
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE dispensaries, today announced it will open RISE Mankato on April 14. Profits from the first day of sales will be donated to Habitat for Humanity of Minnesota (Habitat Minnesota).
"We are excited to expand our retail footprint to six locations in Minnesota and our first in the southern region of the state," said Green Thumb Founder and Chief Executive Officer Ben Kovler. "Along with this opening, we are extending our First Day Profits program to another state, allowing us to make an impact in the community with each new store. We are grateful for the opportunity to partner with Habitat Minnesota, who is doing the important work of bringing about systemic change, so all people have a safe, stable and affordable home."
Habitat Minnesota brings people together to build homes, community and hope. The statewide support organization provides resources to 25 Minnesota affiliates to advance their work to create and preserve affordable homeownership. Habitat Minnesota offers a range of programs, including resource development, advocacy, training, and networking.
"Habitat's work is possible because of strong community partnerships and we're thankful for partners who understand the importance of this work statewide, like Green Thumb. Every community in Minnesota has an affordable housing shortage with 1 in 9 households paying more than they can afford on housing. This generous donation will support Habitat's pursuit in advancing equity in affordable homeownership so more Minnesota families can affordably own a home. We appreciate Green Thumb's partnership and their commitment to supporting the community," said Cristen Incitti, CEO of Habitat for Humanity of Minnesota.
In addition to RISE Mankato, the Company has five other retail locations throughout the state, including: Eagan, Hibbing, St. Cloud, St. Paul and Willmar. Formerly known as LeafLine, each store was rebranded to RISE earlier this month. Profits from the first day of sales as newly branded RISE stores will also be donated to Habitat Minnesota. To celebrate the rebrand and welcome patients to the RISE experience, RISE will host a patient appreciation event on April 20, 2022, at each of its Minnesota retail locations. Representatives from the Company will be available to answer questions about Minnesota's medical cannabis program, as well as assist with registering new patients. Discounts, giveaways and educational material will also be available for patients.
RISE Mankato is located at 1400 Madison Avenue East in Mankato. Regular hours are Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 10 a.m. to 5 p.m. Visit www.risecannabis.com/mn for more information.
I guessing you need to post CVSI CC so we all can see what Joe said!
Geez, I’m not playing any short , and what does CVS health CC have to do on what Joe says?
The company has stated where they are and what they’re doing in the filings. It’s pretty straight forward and not much need to get inventive. It is what it is.
So per you it was just simple dilution, that means the stops are still a factor and the short have not covered yet. Interesting. You would have thought the shorts wouldn’t have been that greedy. A lot of money to have been made if a person was short last week.
Could it be, I don’t think so but go ahead and run with it.
I see your still trying to compare CV with CW. But I feel you maybe overlooking the reality of both companies. You posted the CV SEC which is fine, but you fail to post the long and lengthy concerns in CW 10k. Most of those have not been posted yet. You may wish to take a hard look, or not, it’s all going to be happening anyway.
Well, again last year they wanted the same increase and R/S without reason. But you are correct in saying things are not the same as last year. We have 1 more year of seeing how poorly they have done. You mentioned 3/5 of the board here, CW fired their CEO there.
Losses are plying up, sales are falling and the only thing both companies are talking about is cost cutting and finding a way to increase sales, AGAIN!
It seems to me selling CBD as a company is like touching the 3rd rail. Just don’t.
Maybe something as simple as stay in business. Well that an JD getting his ½ mil wage.
Again, they wanted the same thing last year, was voted down. They didn’t unleash any surprises during the year, or hints they were holding back so who knows.
Perhaps, whatever the reason 1/2 cent below the starting point and 60k in dollars, not that big of a deal to me.
When the deal went thru the stock was over 40 percent higher. The following 2 high volume days the stock was 70 to 80 percent higher than today. And we don't know who that investor is, who ever it is they along with the company thought it best to take the vote away from the shareholders. Maybe it's just carma.
Could have been a stop loss. Looking at a day chart set on minute scale it appears roughly 260 k in shares were traded from .103 to .10 followed by the next min trade of roughly 340k. from .10 to .093 Followed by the last min of 500 shares from .093 to .098. Roughly 60k in dollars. If I was guessing, and I am, I would favor a short closing their position for the weekend.
Well, I can hardly wait to see what those big catalysts might be. Congrats on Kona getting above sub penny. Lot of shares outstanding with that company however. I think the economy, not the markets will be their biggest obstacle. In both companies the issue is clear, they need to sell a LOT more than they do.
You must be talking for the day. For the week their down closer to 15 percent.
I think you mentioned you like the news, it moves the stock.
https://edition.cnn.com/2022/04/04/health/cbd-thc-pregnancy-dangers-study-wellness/index.html
Past all this CV merger talk, beyond the 800 mil and R/S and the life is just a fantasy breakdown, we have with three hours to go 24 brave soles betting on average 390 dollar per trade to buy a piece of the dream. But wait there’s more right here on this board in a earlier post we found a person who was able to put truth and trump in the same sentence. This earth-shattering event is unlikely to be topped by another in the same day. Just remember the thought of the day is keep the faith. And in the real world I don’t see this going under .07 cents a share by the end of May.
Don’t think of the 800 million as a bad thing, no, no it’s just giving more admission and opportunity to acquire shares in the great cbd adventure. IMO
You know I was hoping for a solid theory of a long’s interaction or at the very least long duration assets, in regards to systematic total amplification of market volatility and the positioning of flow dynamics but instead you gave me, a long becomes a trader who becomes a shorty.
Your answer seems to imply a day trader thought process, free of any interplay of the MM’s or the floor specialist and without need of understanding the concept on how the markets actually work.
I will nevertheless thank you for the response, it is a little too simplistic in dealing with elevated valuations assets for me to utilize, exploit or employ.
Interesting statement you make
"The only people who care about a stock
Going up, are longs. Unfortunately they
Are the people most responsible for a
Stocks price going down. Do you know
Why? Never got an answer.
Sure I want to know. How are the longs responsible for the stock price going down?
Dollars not share
65 total trades at a avg of 270 shares per trade. Seller exhaustion , no buyers or MM's playing with small trades.
The Valens Company to Hold Conference Call to Discuss Financial Results for the First Quarter of 2022
5:00 pm ET April 7, 2022 (PR Newswire) Print
The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the "Company" "The Valens Company" or "Valens"), a leading manufacturer of cannabis products, is pleased to announce it will issue its first quarter 2022 financial results for the period ended February 28, 2022, on Wednesday, April 13, 2022, after market close.
https://mma.prnewswire.com/media/1782949/The_Valens_Company_Inc__The_Valens_Company_to_Hold_Conference_Ca.jpg
Up to 44 trades/ $13 k for the day. 2 hours to go. Before we go to far down the rabbit hole it should be mentioned that they CURRENTLY can go to the auth. 190million, could do it today if they wish. The up to 800 and the R/S is what they rigged for the vote. And before somebody goes down that direction No need for BK, they do not have massive debt to escape from.
What Powell is going to do has a greater impact but we won’t have a clean look with either until the end of summer.
Another hour - Another 16 more trades today. The last one was for $2.10 total. When they put their 400 mil, 600 mil into this it does cause a little worry. Perhaps the R/S will happen quickly.
CV 24 trades and 8k in dollars for the 1st hour. need to pick up the pace
Regarding Happy Lane Hemp Extract/CBD
Estimated Primary Completion Date :December 2023
Seems like a long time for a study.
Well, I read thru it, ok let's have CV do that. Let's go!
Well you say "SUBSTANTIAL DOUBT" on CV. But here they have 1.4 million. I'm thinking leverage it. And away we go!
It would be nice if Cresco could get over 8 dollars a share by 4th qt.
Wolfman, if you’re going to go with merger, then go big.
First, on 007, pick a large pharma to partner with. Start with 3 different ones to have a biding war. They run it thru phase 1-2-3 , they set it all up, market it and then we split the profits 50/50.
Work with the FDA and congress to have them agree only CV is fully legal and endorsed.
Sign agreements with NFL, NBA and MLB to recognize only CV CBD to be the only CBD allowed by major league sports.
Increase shares to 10 billion, and later do a reverse split, 1 for 10000, no fractional shares paid.
Get a slogan going, like buy the best forget the rest, and have it promoted by several main celebrity’s, super stars etc.
Have Netflix make a movie about how it is made
Have a singer, rock band make a song about it, something like can’t have a day without it.
Make designer labels for the containers, new one every month, collect them all.
Sell the empty designer containers on e-bay, start a collector’s movement.
Take the first billion dollar in profits and buyout the next top ten cbd makers and turn them into manufacturing plants making CV logo apparel. Sell worldwide with Nike.
That should be enough for phase 1 this year.
Next year the real expansion begins. LET’S GO.
All IMO
Here Wolfman, let's go your way, if everything went their way, and they had the funding, and they got it thru phase 3 with results and the FDA would allow it, your still 2-3 years away from having a product to sell. I'm concerned with this year.
It's not recommended to combine CBD with stimulants, such as nicotine, due to possible side effects that may be caused by their interaction.Mar 1, 2022