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WEEDS LOOKING VERY STRONG HERE!!! REVERSAL...DAY 2!!! tuna
Watched impressive TRTC CEO interview on The Street.com...saw this posted on the message board but haven't verified:
"Jim Cramer just Tweets The Street Article with TRTC CEO, mentions TRTC for the 5th TIME!"
I'm no big Cramer fan but I can't deny he can move stock prices and will be interesting to see how TRTC trades today...GL all...tuna
And a great day for SING today too eddy!! Hope we do see BIG news Friday also!! Thanks....tuna
Today was a REVERSAL for most WEEDS!! SING up 24% FSPM up 19% MNRT up $16% and 8 of the 9 weeds I'm in were "green" and one unchanged (PLPL). A lot of traders and investors are skeptical of this change in momentum as the whole weed sector got pummeled for several days. So I'm looking for a considerably better day for weeds Thursday as any followthrough will make believers out of the many sitting on the sidelines now. All imho...tuna
THIS NEWS MAY BE NEXT "HUGE" WEED STOCK CATALYST:
Huffman, 17 members of Congress send letter asking Obama to delist or reclassify marijuana
The Times-Standard
POSTED: 02/12/2014 02:12:42 PM PST
Press release from Congressman Jared Huffman's office:
WASHINGTON -- Today, Congressman Jared Huffman (D-San Rafael) along with 17 other members of Congress, sent a bipartisan letter to President Obama asking him to direct Attorney General Eric Holder to reschedule marijuana from Schedule I of the Controlled Substances Act, as is permitted by 21 U.S.C. ß 811.
We were encouraged by your recent comments in your interview with David Remnick in the January 27, 2014 issue of the New Yorker, about the shifting public opinion on the legalization of marijuana, the members wrote. Classifying marijuana as Schedule I at the federal level perpetuates an unjust and irrational system. We request that you instruct Attorney General Holder to delist or classify marijuana in a more appropriate way, at the very least eliminating it from Schedule I or II.
The signatories on the letter along with Congressman Huffman are Representatives Earl Blumenauer (OR-03), Steve Cohen (TN-09), Sam Farr (CA-20), Ra l M. Grijalva (AZ-03), Mike Honda (CA-17), Barbara Lee (CA-13), Zoe Lofgren (CA-19), Alan Lowenthal (CA-47), James P. McGovern (MA-02), James P. Moran (VA-08), Beto O'Rourke (TX-16), Jared Polis (CO-02), Mike Quigley (IL-05), Dana Rohrabacher (CA-48), Jan Schakowsky (IL-09), Eric Swalwell (CA-15), and Peter Welch (VT-At Large).
A copy of the letter may be found HERE or below:
February 12, 2014
The Honorable Barack Obama
President of the United States of America
The White House
Washington, D.C. 20500
Dear Mr. President,
We were encouraged by your recent comments in your interview with David Remnick in the January 27, 2014 issue of the New Yorker, about the shifting public opinion on the legalization of marijuana. We request that you take action to help alleviate the harms to society caused by the federal Schedule I classification of marijuana.
Lives and resources are wasted on enforcing harsh, unrealistic, and unfair marijuana laws. Nearly two-thirds of a million people every year are arrested for marijuana possession. We spend billions every year enforcing marijuana laws, which disproportionately impact minorities. According to the ACLU, black Americans are nearly four times more likely than whites to be arrested for marijuana possession, despite comparable marijuana usage rates.
You said that you don't believe marijuana is any more dangerous than alcohol: a fully legalized substance, and believe it to be less dangerous in terms of its impact on the individual consumer. This is true. Marijuana, however, remains listed in the federal Controlled Substances Act at Schedule I, the strictest classification, along with heroin and LSD. This is a higher listing than cocaine and methamphetamine, Schedule II substances that you gave as examples of harder drugs. This makes no sense.
Classifying marijuana as Schedule I at the federal level perpetuates an unjust and irrational system. Schedule I recognizes no medical use, disregarding both medical evidence and the laws of nearly half of the states that have legalized medical marijuana. A Schedule I or II classification also means that marijuana businesses in states where adult or medical use are legal cannot deduct business expenses from their taxes or take tax credits due to Section 280E of the federal tax code.
We request that you instruct Attorney General Holder to delist or classify marijuana in a more appropriate way, at the very least eliminating it from Schedule I or II. Furthermore, one would hope that that your Administration officials publicly reflect your views on this matter. Statements such as the one from DEA chief of operations James L. Capra that the legalization of marijuana at the state level is reckless and irresponsible serve no purposes other than to inflame passions and misinform the public.
Thank you for your continued thoughtfulness about this important issue. We believe the current system wastes resources and destroys lives, in turn damaging families and communities. Taking action on this issue is long overdue.
.......imho....it's about time for this action!! tuna
I really like the news on FSPM $3.61 close...if it wasn't for the continued sell-off in the whole weed sector this news would have popped the stock a solid dollar or more imho. I went ahead and added more at $3.42 on a limit order I put in (I'm not able to be present during trading very often so miss a lot of opportunities) and see I could have done even considerably better but this sell-off I would guess is about over and FSPM and my other weeds should recover nicely. Underwater presently in this and PLPL and TRTC but feel I'm in 3 of the best weeds out there and comfortable they'll recharge soon and get back to trending to higher highs again. Thanks for the heads up and GL to us all in FSPM and other weeds also!! tuna
SUPER NEWS ON PLPL!!!!!!!!! Watch this one surge today on this news imho:
Plandai Biotechnology, Inc. Completes $15.3 Million Funding Commitment With Institutional Investor
Enters Into Stock Purchase Agreement With Lincoln Park Capital Fund
Marketwired Plandai Biotechnology, Inc.
19 hours ago
NEW YORK, NY--(Marketwired - Feb 10, 2014) - Plandaí Biotechnology, Inc. (OTCQB: PLPL), a producer of highly bioavailable plant extracts for industries including health, wellness, nutraceutical, and pharmaceutical, announced today that it has entered into a stock purchase agreement with Lincoln Park Capital Fund, LLC, a Chicago-based institutional investor, whereby Lincoln Park committed to invest, at the Company's sole option, up to $15.3 million of equity capital over the term of the purchase agreement including an initial investment of $300,000.
Roger Duffield, Chief Executive Officer of Plandaí, commented on the agreement, "This agreement with Lincoln Park gives Plandaí the flexibility to access capital over the next few years at prevailing market prices and as the need arises. As we enter into production and commence sales in the coming months, it is important to have a strong balance sheet and the ability to continue our research in green tea, citrus and to brand our cannabis extracts under the Diego Pellicer Gold label."
During the 30-month term of the stock purchase agreement the Company, at its sole discretion, has the right to sell to Lincoln Park up to an additional $15 million of its common stock, in amounts as described in the agreement and subject to certain conditions, which include the effectiveness of a registration statement with the U.S. Securities and Exchange Commission covering the sale of the shares that may be issued to Lincoln Park. The Company controls the timing and amount of any future investment and Lincoln Park is obligated to make purchases, if and when the Company decides, in accordance with the purchase agreement.
There are no upper limits to the price Lincoln Park may pay to purchase Plandaí common stock and the purchase price of the shares related to any future investments will be based on the prevailing market prices of the Company's shares immediately preceding the notice of sale to Lincoln Park. Lincoln Park has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of the Company's shares of common stock. The agreement may be terminated by the Company at any time, at its sole discretion, without any monetary cost. The proceeds from this investment will be used for research, product development, marketing and general operating purposes.
A more detailed description of the agreement is set forth in the Company's Current Report on Form 8-K recently filed with the SEC which the Company encourages be reviewed carefully.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor will there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.
About Plandaí Biotechnology, Inc.
Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its patented Phytofareâ„¢ extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company's products include beverage, cosmeceutical, wellness, nutraceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.
About Lincoln Park Capital ("LPC")
LPC is an institutional investor headquartered in Chicago, Illinois. LPC's experienced professionals manage a portfolio of investments in public and private entities. These investments are in a wide range of companies and industries emphasizing life sciences, specialty financing, energy and technology. LPC's investments range from multiyear financial commitments to fund growth to special situation financings to long-term strategic capital offering companies certainty, flexibility and consistency. For more information, visit www.lpcfunds.com.
Contact:
Andrew Beyer
Phone: 619-202-7456
Email: investor@Plandaíbiotech.com
This is the strongest financial deal I have seen yet for any "weed" stock!!! PLPL was only able to get such lucrative terms imno because of the strength and quality of the company!! tuna
I had an order to double up at $3.86 but I missed by 4 cents....still holing FSPM PLPL TRTC and CBIS into tomorrow. There was mostly a continuation of the heavy selling in the weeds stocks with a few up but a lot more down and many down by 15-25% on the day. I'm still thinking tomorrow starts a reversal in the sector....hope I'm right. GL to all of us in FSPM and other weeds!! tuna
Super stockseekerok!!! Holding FSPM...AMCN $2.23 HOD +over 7%....and DGLY $8.72 +.49 HOD also!! What a sweet day so far...GL for the rest of today and tomorrow also!! tuna
Yeah ss!! I'd love to see big news on FSPM $4.50 here!! You might be right about $6 having a shot yet today...it moves fast and furious both directions...hehe!! And it's given the shorts huge gains in the last 5 days and it's the longs turn now and those shorts will help propel FSPM higher that much faster all imho...GL to us all in FSPM and PLPL TRTC CBIS and other weeds as well...tuna
Got more FSPM in $4.40's just hit $4.50 and imho very due for a pretty sizable run over the next couple of days....tuna
WOW!!! IN WEED...FSPM $4.21 -.84 here near LOD....this was high $7's just 5 days ago!!!! YIKES what a sell-off!!! Giving it a shot....in $4.19 to $4.21 and will exit if it cannot hold $4, but it is very due for a bounce imho....tuna
AMCN $2.16 +.09 SPCB $5.92 +.33 on it's great news today....AMCN (Chinese in-flight internet play) that I've done well with several times. GL all...tuna
I know there's great money to be made in sub-pennies but I just don't trade them. All the best!!
tuna
And WEEDS......PLPL $1.70 +.17 HOD...and VAPE $14.99 +$1.19 HOD!!! tuna
MORE GREAT NEWS for weed TRTC .575 +.03 check this news:
Edible Garden's Brand of Locally Grown Produce Now Available at DeMoulas Market Basket
Edible Garden expands their retail footprint throughout the Northeast
GlobeNewswire Terra Tech Corp.
47 minutes ago
Belvidere, Feb. 10, 2014 (GLOBE NEWSWIRE) -- Terra Tech Corp (TRTC) subsidiary Edible Garden, an urban agricultural company, is pleased to announce that their line of sustainable and locally-grown produce is now available at DeMoulas Market Basket throughout Massachusetts and New Hampshire. Market Basket with over 70 grocery stores has established itself as a leading food retailing destination throughout the Northeast.
"We are thrilled to penetrate the Massachusetts and New Hampshire markets with a premier retailer like Market Basket," says Derek Peterson, CEO Terra Tech Corp. "We enjoy retailers that are growing, Market Basket has been renovating and opening new stores every year giving us an opportunity to expand our brand as they increase their footprint."
The company shipped their first order last week and will continue to fill stores throughout the week. Edible Garden is actively pursuing additional retail partners to fill out their new 5-acre facility, which is now online and producing Edible Gardens full line of locally grown produce. In addition the company has been experimenting with new produce in an effort to broaden their offerings to both current and potential retail partners.
About Terra Tech
Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Fairway Markets and others throughout Massachusetts, New Hampshire, New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
For more information about Terra Tech Corp visit: www.terratechcorp.com
Visit us on Facebook @ http://www.facebook.com/terratechcorp
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.'s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.'s website does not constitute a part of this release.
Contact:
Bill Clayton
Independence Financial Ltd.
Toll-Free: (888) 603-2896
Email: info@terratechcorp.com
Thanks for the chart TFP!! I'm in PLPL and TRTC plus CBIS and ready for a strong rally in all 3!!! Best to you in all your holds!! tuna
Great news on SPCB $5.59 close from Fly on the Wall just out:
"February 10, 2014
07:05 EDT SPCB SuperCom reports new orders of over $4M
SuperCom announced that it has received new orders, totaling in excess of $4M. The company expects to deliver and recognize the full value of the orders during the first half of 2014.
News For SPCB From The Last 14 Days
Check below for free stories on SPCB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
February 10, 2014
07:05 EDT SPCB SuperCom reports new orders of over $4M
Subscribe for More Information
January 31, 2014
16:33 EDT SPCB SuperCom reports Q3 EPS 16c vs. 6c a year ago
Subscribe for More Information
Sign up for a free trial to see the rest of the stories you've been missing."
What makes this a big deal is this fast growing company only had revenues of less than $6mil for the entire first 9 months of 2013!! This won't show in the coming Q4 but looks great for their 2014!!! (I added 2k at $5.59 Friday...probably the last trade of the day but I'm underwater overall now but not for long....all imho! GL all...tuna
Financing news just out on weed TRTC .54 close!!! Looks like the capital they need for rapid growth and the warrants are for a price of just over .30 per share vs a couple of pennies each. Looks pretty good to me but that's just imho...here's the info:
Form 8-K for TERRA TECH CORP.
10-Feb-2014
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securiti
Item 1.01 Entry into a Material Definitive Agreement.
Securities Purchase Agreement
On February 5, 2014, Terra Tech Corp., a Nevada corporation (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with Dominion Capital LLC (the "Purchaser"). On February 6, 2014, after the satisfaction of certain closing conditions, the Company offered and sold (the "Offering") to the Purchaser for aggregate proceeds of $800,000 (i) a 5% Original Issue Discount Senior Secured Promissory Note (the "Note") for a principal amount of of $842,105, and (ii) a warrant (the "Warrant"), with a term of 4 years, to purchase 1,369,277 shares of common stock, exercisable at any time by the holder of the warrant at a purchase price of equal to 90% of the-20 day VWAP of Company common stock prior to February 5th, 2014, which price the Company estimates to be approximately $0.30753 per share. The Note issued to Purchaser on February 6, 2014, is due August 5, 2015.
Under the terms of the Purchase Agreement, the Purchaser shall purchase up to $6,550,000 in subscription amount of the Notes, which corresponds to an aggregate of up to $6,894,737 in principal amount of the Notes. The Purchase Agreement further provides that prospective Note purchases will occur in 11 tranches, the second tranche will be for $800,000 and each additional tranche will be for $550,000. Beginning August 5, 2014, and continuing on each of the following 11 successive months thereafter, the Company is obligated to pay 1/12th of the face amount of the Notes and accrued interest. So long as the Company is not in default under any Note, each tranche will be closed on every 30th day following the previous closing date. The Company has agreed to (i) reimburse Purchaser a due diligence fee of $50,000, which shall be paid in increments of $10,000 at the closing of each tranche, until the $50,000 is paid in full, and (ii) $20,000 for Purchaser's legal fees in connection with the Offering.
The Notes Issuable under the Purchase Agreement
Under the terms of the Purchase Agreement, each Note accrues interest at a rate of 12% per annum and is due 18 months after issunace. All principal and interest due and owing under each Note is convertible into shares of common stock of the Company, at any time at the election of the holder thereof, at a conversion price equal to 90% of the 20-day VWAP of company common stock prior to February 5, 2014, which price the Company estimates to be approximately $0.30753 per share.
The Company may prepay any portion of the principal amount of the Notes and any accrued and unpaid interest by paying 125% of the sum of the then outstanding principal amount of the Notes.
If on the 180th day following February 7, 2014, the closing bid price for the Company's common stock is below $0.30 per share, the conversion price will automatically adjust to 70% of the lowest VWAP in the 15 Trading Days prior to the 180th following February 7, 2014.
If the Company is in default under the terms of any Note, the holder of a Note may elect to convert the amount outstanding on such Note into shares of common stock, at the holder's election, at a conversion price of $0.30 per share or at 60% of the lowest VWAP during the 30-trading-day period immediately prior to the applicable conversion date. Additionally, all overdue accrued and unpaid interest under the Notes shall entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law which shall accrue daily from the date such interest is due under the Notes through and including the date of actual payment in full.
The Warrants under the Purchase Agreement
Under the terms of the Purchase Agreement, the Company shall issue to each investor a warrant to purchase up to a number of shares of Common Stock equal to 50% of the principal amount of the Note issuable to such purchaser at the applicable closing divided by the conversion price, with an exercise price equal to 90% of the-20 day VWAP of Company Common Stock prior to February 5th, 2014, which price the Company estimates to be approximately $0.30753 per share. Each warrant shall have a "cashless" exercise feature and a term of 4 years.
Registration Rights Agreement
In connection with the Offering, the Company also entered into a Registration Rights Agreement, dated February 5, 2014, with the Purchasers (the "Registration Rights Agreement"). Under the Registration Rights Agreement, the Company is obligated to register all shares of common stock underlying the Notes and the Warrant for resale in a registration statement to be filed with the Securities and Exchange Commission not later than April 15, 2014. The Company will enter into similar registration rights agreements with successive purchasers of the Notes.
Security Agreement
In connection with the Offering, the Company, GrowOp Technology, Ltd., a Nevada corporation and a wholly owned subsidiary of the Company ("GrowOp Technology"), and Edible Garden Corp., a Nevada corporation and wholly owned subsidiary of the Company ("Edible Garden"), entered into a Security Agreement, dated February 5, 2014, with the Purchaser (the "Security Agreement"). Under the Security Agreement, the Company, GrowOp Technology and Edible Garden Corp., granted security interests in all of their respective assets, rights, interests and after-acquired assets and properties as collateral for repayment of the principal and interest owed under the debentures. Additionally, under the Security Agreement all the shares of common stock the Company holds of GrowOp Technology and Edible Garden Corp. are pledged as collateral for repayment of the principal and interest owed under the Notes. The Company will enter into similar security agreements with successive purchasers of the Notes.
Subsidiary Guarantees
In connection with the Offering, GrowOp Technology and Edible Garden Corp. also made a Subsidiary Guarantee, dated February 5, 2014, to the Purchaser (the "Subsidiary Guarantee"). Under the Subsidiary Guarantee, GrowOp Technology and Edible Garden Corp. guarantee payment of repayment of the principal and interest owed under the Notes. The Company will enter into similar subsidiary guarantees with successive purchasers of the Notes.
Placement Agency and Other Fees
Aegis Capital Corp. (the "Placement Agent") served as the placement agent of the Company for the Offering. In consideration for services rendered as the Placement Agent, the Company agreed to pay to the Placement Agent cash commissions equal to $33,000. Additionally, at closing of the Offering, the Company paid Purchaser $10,000 as partial reimbursement of a Purchaser due diligence fee of $50,000, and $20,000 for Purchaser's legal fees in connection with the Offering.
. . .
Item 3.02 Unregistered Sale of Equity Securities.
Pursuant to the Offering described in Item 1.01 of this Current Report on Form 8-K, which description is incorporated by reference into this Item 3.02, on February 6, 2014, the Company closed the Offering to the Purchaser, who is an "accredited investors" as such term is defined in Securities Exchange Commission Rule 501(a), promulgated pursuant to the Securities Act of 1933, as amended (the "Securities Act"), in reliance on the exemption from registration afforded by
Section 4(2) and Rule 506 of Regulation D, promulgated pursuant to the Securities Act.
Item 7.01 Regulation FD Disclosure.
On February 6, 2014, the Company issued a press release titled "Terra Tech Announces the Launch of GrowMass Program and $6,500,000 Convertible Debenture Financing" regarding the Offering. Such press release is furnished and not filed pursuant to Item 7.01 as Exhibit 99.1 hereto.
The information in the referenced press release shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit Description
4.1 5% Original Issue Discount Senior Secured Promissory Note dated February
5, 2014, issued to Dominion Capital LLC
4.2 Warrant dated February 5, 2014, issued to Dominion Capital LLC
10.1 Securities Purchase Agreement dated February 5, 2014, by and between
Terra Tech Corp. and Dominion Capital LLC
10.2 Registration Rights Agreement dated February 5, 2014, by and between
Terra Tech Corp. and Dominion Capital LLC
10.3 Security Agreement dated February 5, 2014, by and among Terra Tech
Corp., GrowOp Technology Ltd. and Edible Garden Corp., and Dominion
Capital LLC
10.4 Subsidiary Guarantee dated February 5, 2014 made by GrowOp Technology
Ltd. and Edible Garden Corp.
99.1 Press Release dated February 6, 2014
WEED QUESTION PLEASE!! I read about one of these weed stocks in acquisition attempts to get a Uruguay company on Friday, but cannot find the PR after spending 45 minutes??? Does anyone remember which weed company this is??? Thanks in advance!!! Have a great Sunday all...tuna
For those interested in low floaters...got DGLY $7.30's to $7.40 yesterday and noticed this news on message board though have not confirmed it:
"13G Filed Today - Judd Herberger Buys 167,837 shares in open market purchases
Judd Herberger flies 13G, Buys 167,837 shares in open market purchases, owns 7.2% of all shares"
tuna
Yesterday added DGLY in the $7.30's and more at $7.40 (very thin trader). I saw this note posted on Yahoo messages regarding the stock which is very bullish but haven't confirmed it:
"13G Filed Today - Judd Herberger Buys 167,837 shares in open market purchases
Judd Herberger flies 13G, Buys 167,837 shares in open market purchases, owns 7.2% of all shares"
Hope that's accurate news!! I'm just going to wait on their next contract win as DGLY can move huge on news as the past has shown. Best of luck this Friday in the market!! tuna
Right TradeForProfits! Some nasty hits on several weeds yesterday and PLPL didn't escape either, but HEMP got the worst hit after an SA article bashed it. And now I see another SA bash on PHOT also that might hit it hard tomorrow. I guessed totally wrong today on PLPL's price movement and I'm once again humbled by Mr. Market.....but tomorrow is another day. I did buy back into GLUU at $4.75 before leaving early yesterday and it closed at $4.94 on very strong earnings beat. GL to you and us all for a very profitable day tomorrow!! tuna
Sold all remaining weeds as most started falling...so glad I sold HEMP yesterday in the low to middle .30's as it fell to .17 on an SA bashing. I bought back into HEMP on the big slide at an average of about .20 and sold just over .23 on a quick bounce for a good gain wiping out most my loss on PLPL. Such is the life of trading....hahaha!! Have to take the bad with the good and just suck it up when the going gets rough. Best of luck all....have to leave for the day! tuna
I'll have to admit defeat on PLPL this round....stopped out $1.40's on last shares but sold some in $1.60's also. This one is really strange and difficult for me to trade recently...best all...tuna
Agree on PLPL TradeForProfits!! Strong reversal action off the low!! And I still view PLPL as one of the best of breed in the weed sector!! FSPM also but it's gotten a bit pricy breaking $7 the last few days though closing in the high $5's....to think I started buying it at .60 I made big bucks trading it but if only I'd just held those shares I'd have made so much more!! Haha!! I might be saying the same thing about PLPL in a month....hahaha!! Best of luck to us all in PLPL and other weeds!! tuna
Nice move on PLPL BuddFoxx!!! Really think $2's are a possibility yet today but if not today more likely tomorrow....but just my best guess...best of luck to us all long PLPL!! tuna
PLPL $1.62 good looking reversal late yesterday from $1.23 low actually finished up a penny! One of my favorites for the rest of this week! TRTC PHOT CBIS AVTC MJNA NVLX....took gains in others. Love the run in HEMP and maybe not over but sold in the low to mid .30s and closed .29s. Won't be around long again today but hoping for some strong performances in this stocks! Best of luck all...tuna
GLUU $3.89 with great earnings after-hours!! Up big worth watching...tuna
Good article on AVTC $3.75 a company already profitable:
Vending Times Magazine Reports on AVT's Developments, Innovations and Technologies
Industry's leading trade publication covers the business of vending, kiosks and automated retailing
PR Newswire AVT, Inc.
22 hours ago
CORONA, Calif., Feb. 5, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines, automated retailing and self-service kiosks, announced that they have been featured in multiple stories in Vending Times Magazine, the industry's leading trade publication.
The magazine reported on AVT's licensing agreement with Marley Coffee Automated Stores, Inc. "Under the terms of the deal, AVT will receive a monthly fee for use of its management technology on each Marley Coffee machine," the publication reported.
The magazine also reported on the new fund designed to raise $4.9 million to purchase Marley Coffee machines for placements in the best locations left vacant by the departure of Outerwall's Rubi Coffee from the market.
Vending Times also ran a front page story on AVT's new outdoor micro store for Active Ride, the popular California chain of surf and skate shops. The high-profile machine is located at The Block at Orange, an upscale mall owned by Simon Property Group Inc.
AVT is a leading manufacturer and developer of automated solutions for a variety of industries, including retail, optical, medical, food and beverage, fashion, cosmetics, industrial and more. The company's systems are regularly featured in media reports throughout the world and are consistently acknowledged to be the first or best of their kind.
AVT has a patent on the wireless control of multiple automated retailing machines, and offers owners and operators with an exclusive backend management system that is noted for its flexibility, customizable reporting features, and robust technology.
For more information on AVT, their portfolio of products, backend management system, custom vending machines, and self-service automated stores, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
Connect with AVT on Facebook at: https://www.facebook.com/AVTInc
Follow AVT on Twitter at: https://twitter.com/AVTIncCA
Read Vending Times at: www.vendingtimes.com
Read about AVT's licensing agreement with Marley Coffee Automated Stores, at: https://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=92710AD3BA264523B5476118623662E0
Read about AVT's outdoor micro store for Active Ride Shop, at: https://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=E02EAC7B71B748E58C4800964DCF8CFE
Read about the fund to purchase Marley Coffee Kiosks, at: https://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=F408570428354AD0B9EAFB62C5E678BA
Great article on PHOT being #1 weed stock with detailed reasons why....plus a survey included in the article that showed more weed investors (48%) pick PHOT to gain the most in 2014 of all the weed stocks out there. Here is the article:
Growlife - The No. 1 Stock In The Marijuana Market
Feb. 5, 2014 2:32 PM ET | 120 comments | About: PHOT
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
It is worthwhile analyzing the marijuana stock market, including the recent run-up in share prices. I have identified three tiers in this market: Tier 1: large companies (3), Tier 2: medium companies (9), Tier 3: small companies (13). My analysis indicates that Growlife, Inc. (OTCQB:PHOT) ($0.3450) is the best short-term and long-term investment of the 25 current publicly traded marijuana stocks. According to an article on Benzinga.com, Growlife is a favorite among marijuana investors in a recent survey: 48 percent expect Growlife to gain the most value in 2014. My analysis concludes the same. Significant near-term and intermediate-term industry announcements will drive share prices higher than today's marijuana stock market.
The Green Rush is here to stay. It is the real deal. The CNN/ORC International survey released on Jan. 6, 2014, indicated that the number of people who say smoking pot is morally wrong has plunged. Fifty-five percent of those questioned nationally said marijuana should be made legal, with 44% disagreeing.
When the Volstad Act was repealed in 1933, it created today's $180 billion worldwide alcohol market. Estimates for the U.S. marijuana market are $40-$45 billion. Worldwide marijuana market projections are about $115 billion, or two-thirds the size of the worldwide alcohol market. Traders and investors need to differentiate between value and hype. This marijuana market is an historical stock market event, somewhat similar to the beginning of the Internet industry's stock market. Navigating through this volatile market without understanding or analyzing how it works today and what it will look like in the near term and long term can be confusing for the average investor. This article clears up certain confusion.
Marijuana stock prices react to news and press releases and will continue to do so with volatility. There have been plenty of these and the trend will continue. The idea is this: Keep your eye on the ball and study the fundamentals of each potential investment, and at the same time, understand how the marijuana stock market works. The following is your guideline.
The table below will help you understand that the listed cannabis companies can be broadly classified into three-tier groups. This list will grow as other companies enter the industry.
1. Tier 1: Companies with a market capitalization larger than $500.0 million (3)
2. Tier 2: Companies with a market capitalization larger than $50.0 million -- less than $500.0 million (9)
3. Tier 3: Companies with a market capitalization of less than $50.0 million (13)
Click to enlarge images.
Market capitalization is an intelligent way to value a volatile industry. While price targets are normally calculated using discounted cash flow analysis (DCFs), forecasting a business for at least five years, this industry carries a speculative premium on share prices. This premium will continue and possibly expand. A good way to compare marijuana stocks is to view their market caps and prices in relation to one another as seen in the above table.
While a lower market cap might be attractive, if the share price is too high it might be better for an investor to wait until both metrics fall in line. Most of the companies in Tier 2 and Tier 3 have little or no revenues and cannot be valued via price to book, price to earnings, price to cash flow and other ratios. They can and should be valued by discounted cash flow over longer periods of forecasting. Those companies that are able to raise cash should survive. Others that cannot will either go out of business or disappear. Some have quality assets that can be sold to stronger companies such as Growlife.
In Tier 1, there are three companies with a market capitalization of over $500.0 million: CannaVEST Corp. (OTCQB:CANV), $65.05; GW Pharmaceuticals Plc (GWPH), $55.39; and MedBox, Inc. (OTCPK:MDBX), $37.00. Of these three, GWPH is the most attractive opportunity as it is well funded (over $65.0 million is cash) and has made significant progress in developing a product portfolio of cannabinoid prescription medicines. However, this stock has experienced a sharp rise in its share price from $8.50 to close at $50.00 in the past few months. While the potential is still there, we do not see double- or triple-digit growth in the company's share price in the current year.
CannaVEST, related to Medical Marijuana (OTCPK:MJNA), is suspect. It is grossly overpriced with a market cap of $769 million. MedBox, Inc. with a market cap of $535.8 million has come down in price and might be interesting. At the bottom of the three Tiers there are 13 companies that have market capitalizations of less than $50.0 million. Investment in most of these stocks appears to be a risky proposition because:
Some are priced less than a cent (Sub-penny)
Non-reporting (No SEC Filings)
Minimal or Zero Sales (Pre-Commercialization)
Very Low Cash Reserves (Limited Growth Potential)
I believe that in general, Tier 2 companies with a market capitalization of larger than $50.0 million but less than $500.0 million are the best choices for investment in this current Green Rush. There are nine companies in this group. Growlife is the company of choice in all three groups including Tier 2. Few of them are well-capitalized. Some have a sound business model. Most of them do not have adequate management teams, a top notch board of directors or access to capital. Management is key for any private or public company. While all of these companies are listed on the over-the-counter markets (where listing standards are minimal), most of these companies have seen their share prices soar since the Colorado Phenomenon. It appears that some companies from this segment provide the most prudent investment opportunities. Key components for your analysis should include:
Business model and revenue potential
Management quality and Board of Director expertise.
Sophisticated legal advise
Product positioning within the "sweet spot" of recent DOJ regulations
Leverage, benefits and participation for upcoming industry announcements
Capitalization and availability of capital for growth
Trading volumes to ensure liquidity
Disclosure, reporting and SEC Filings
Growlife is the only company in this industry that fits all the above required criteria, including its acquisition-oriented business model. Growlife's core holdings are multiple divisions targeted at the indoor and outdoor marijuana markets including gardening and specialty markets. Indoor growing will be huge. Any medical marijuana prescription can be met by growing indoors. Indoor growing is preferred for recreational use due to cold weather. This also includes users who will grow indoors because they do not want to have outdoor plants stolen. The company develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment, retail support software, infrastructure financing, nationwide retail network, as well as online sites. Growlife also operates a political and social forum.
Growlife has seven hydroponic stores projected to generate about $1 million per store. In two to three years, the company can build out its national Home Depot type of footprint to 30-40 stores, or about $35 million of sales in its bricks and mortar businesses. Growlife can buy and roll up other hydroponic stores. The company is ideally positioned within the DOJ's guidelines of medical and recreational marijuana. Growlife can also become an attractive acquisition target for companies such as Reynolds American (RAI) ($47.00) or Phillip Morris International (PM) ($76.00).
Last week, Growlife announced two blockbuster deals. The first deal with RXNB locks in substantial international distribution in drug formulation, manufacturing and distribution in the pharmaceutical and nutraceutical markets including patents for THC research and development. RXNB has a portfolio valuation of $110 million dollars and approximately $27.5 million dollars in annual revenue. Growlife subsidiary Organic Growth International LLC ("OGI") is a joint venture with CANX USA LLC. The deal allows Growlife to purchase a 40% equity stake in RXNB. GrowLife owns a 45% ownership interest in OGI and can increase its position to a majority interest.
The second deal locks in access to production and product sales with CEN Biotech, a Canadian manufacturing facility. CEN will begin construction on a state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. This production facility is targeted to produce 1.3 million pounds of dried medical marijuana annually. The total may include capacity that is set aside for import and export. Growlife and its affiliates will serve as CEN Biotech's exclusive supplier of legal cannabis growing equipment for the entire term of the shared ownership, subject to certain limitations.
According to management, Growlife can generate sales of around $11 million in 2014, up from about $4 million in 2013. However, 2014 should increase revenue estimates as both of these announced deals mature. The company's increase in authorized shares will allow it to issue new outstanding shares to finance both deals including future acquisitions and partnerships. This increase in authorized shares is a must for an acquisition company. It is a decided benefit.
While this industry currently lacks sources of financing, Growlife is the only company in this group that has raised $40 million of capital. They can acquire or take advantage of the best opportunities that become available in the industry. Those opportunities are certain to present themselves. The company is fully SEC reporting. Growlife has the best management team in the industry including the recent hire of new president, Marco Hegyi, an ex-Yahoo (YHOO) and Microsoft (MSFT) senior key executive. CEO Sterling Scott is a regulation attorney, an excellent operating officer. The company's impressive acquisition-oriented board of directors is the best in the industry.
Growlife common stock has risen from 1 cent to a high of 47 cents while generating an amazingly high share volume trading on the OTC. Average daily volume for the last three months has been over 30 million shares with close to 1.5 billion shares traded during this time period; 3 billion-plus shares traded over the past year. This massive volume is a highly valuable and remarkable asset for Growlife's exposure to investors.
In the 35-cent price range, Growlife common stock is an opportune entry point for purchase. Medical Marijuana, Inc., a non-reporting company under SEC investigation, has risen from $0.10 to a high of $0.50. It trades at $0.336 today. By way of comparison, Medical Marijuana's market cap is $318.4 million vs. Growlife's market cap of only $245.58 million. Medical Marijuana's accounting statements and reported revenues are in question. Growlife's are not. Clearly, Growlife is the undervalued and preferred investment of the two stocks.
Growlife's business model spreads its operational risk through multiple divisions. A Growlife investor's primary risk is the company's ability to manage a multi-division corporation that includes industry regulatory issues. General company risks in the marijuana industry include lack of capital, inferior management, adverse regulations, inability to execute on a business plan, poor investor information by non-reporting and reporting companies and stock market volatility. Growlife's business model is likely to benefit significantly following the legal regulations of the DOJ including anticipated reversal of banking industry sanctions.
In addition, Growlife is not completely dependent on marijuana and the marijuana plant due to its general gardening business. In the marijuana business, the company does not touch the plant. This diversification through multiple sources of revenue will allow Growlife to continue to grow its revenues and cash flows regardless of the industry's regulatory environment. That said, I expect that future industry announcements will help the entire industry including Growlife.
Looking at the three Tier index, we can see some companies of interest where their share prices and market caps are reasonable. HEMP, Inc. (OTCPK:HEMP) at $0.17, a hemp company, is interesting because the company has a marijuana subsidiary, Marijuana Inc. that can be resuscitated and directed into both the recreational and medical marijuana industries. Also, the U.S. House of Representatives recently legalized the cultivation of hemp in the U.S. GreenGrow Technologies (OTCPK:GRNH) at $0.43 is well positioned in the industry, has a reasonable market cap of $51.14 million, but its price is too high at this time. In Tier 3, Terra Tech (OTCQB:TRTC) $0.40, has a reasonable market cap of $40.16 million but its share price is also too high. A very interesting Tier 3 stock is Endocan Corporation (OTCPK:ENDO) at $0.108 with a market cap of $7.33 million. The three Tier market segment is a valuable guideline to relative and comparable value. Investors should do their own research to pick their favorite stocks, rather than speculate on volatile price swings in the marijuana industry.
Conclusion
The Green Rush is here to stay. It is likely to be one of the most continuing powerful and volatile events in the history of the U.S. stock market. Investors and speculators have jumped on this bandwagon. No one wants to be left behind. The marijuana stock market is the real deal. Share prices will continue to explode. There are eight and probably more major near-term and intermediate-term events that should drive the marijuana stock market to higher levels:
1. Allowing banks to finance the industry. By law, banks have been forbidden to lend to the industry. U.S. Attorney General Holder has announced a proposed reversal of this law proposing that banks can both receive deposits and provide banking services including lending to the marijuana industry. The industry is flush with cash with no place to deposit it. Share prices explode.
2. Credit card acceptance of marijuana purchases. If and when banking restrictions are removed and reversed, the major credit card companies should fall in line. Share prices explode.
3. HR 1523: The Pro Federal Government Hands off Bill. The possible passage of the Marijuana Laws Act of 2013. This bill would prevent the federal government from continuing to prosecute residents who are acting in accordance with their state's marijuana laws. The bill would legalize marijuana at the federal level to the extent it is legal at the state level. If passed, share prices will explode.
4. Federal taxation of the marijuana industry. There is no reason why the Federal Government would also not want to step in and tax the industry as they do with alcohol, other commodities and products. About $0.29 on the dollar in Colorado go to the state. Why should the Federal Government not collect? Share prices explode.
5. Washington begins recreational sales. This event with substantial media coverage should explode share prices similar to Colorado. The target date is this spring or summer.
6. Other states fall in line. As other states fall in line with major announcements and media coverage with both medical and recreational marijuana, this market will continue its powerful long term volatile increase in share prices and market capitalizations.
7. N.Y. goes medical and recreational. If N.Y. throws its hat in the ring, share prices explode.
8. California goes recreational. This event may happen in 2016. Share prices explode.
We envision a steady series of major industry announcements. Most are inevitable. All will continue to fuel the marijuana stock market. Growlife, Inc. is the best company for investment the marijuana industry because it is the outstanding value by every measurement of my analysis in this industry. At a price of $0.345, or a market capitalization of $245.58 million, the stock in today's marijuana market is worth about $0.49, or a market capitalization of around $348 million. Looking out intermediate term, with significant company and industry announcements as Growlife builds out its business model, the company should be able to carry a market cap of $500 million, or about $0.70 cents a share, possibly more if the industry premium holds.
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I returned to find PLPL closed at $1.62 +.01 from low of $1.23 homey!! Oh what a relief it is...haha!! Looking for momentum to follow through today and tomorrow as most likely scenario but just imho. That was a hectic 3 day plunge even given the .39 pop off the low yesterday!! But it also had an even more remarkable huge run up prior and I have to remain very bullish on PLPL and the whole weed sector. Hope you did well and we have a much better tomorrow homey!! tuna
YIKES!!! After posting you homey...I went back to my trading platform and PLPL was dropping fast!! I got some more at $1.325 and $1.37 but it was $1.26 when I tried for the first buy at market. I certainly didn't think it would go nearly this low but I got lucky it happened before I placed orders at $1.41 which was my plan....good to have slow internet sometimes I guess because I had a difficult time writing you then and again now. Bye homey and all for today and wish you a very successful day...got to leave! tuna
Took gains on HEMP and TRTC and CBIS but PLPL just isn't ready yet as it broke under $1.50 here....ugh!! The next big move up should start sooner than later though imho...this is the 3rd day of profit-taking and that seems to be frequently the last down day I've noticed with FSPM and others. I can't stick around so might put in some limit orders for PLPL in the very low $1.40's or in the $1.30's....and hope I can avg. down. All the best! tuna
Yes on NVLX!! Also PLPL HEMP TRTC and CBIS looking very good in pm too....tuna
I think so...PLPL $1.70 x $1.71 up a dime! HEMP TRTC CBIS looking strong also...GL homey!! tuna
Yes...Like NVLX SchragerTrader23!! One of my 9 weeds....haha!! GL today!! tuna
Hoping homey!! Weeds mostly higher in pm. HEMP up about 10% w/news out:
Resource Ventures, Inc. Signs Services Agreement With Subsidiary of Hemp, Inc. (OTC: HEMP)
Marketwired Resource Ventures, Inc.
1 hour ago
SILVERADO, CA--(Marketwired - Feb 5, 2014) - Resource Ventures, Inc. (PINKSHEETS: REVI) is pleased to announce today that in the interest of the Company's expansion plans into the medical marijuana and industrial hemp industries, they have secured the consulting services of Hemp, Inc.'s (OTC: HEMP) subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC). The Industrial Hemp and Medical Marijuana Consulting Company is a wholly owned subsidiary of Hemp, Inc. (OTC: HEMP).
"This relationship opens Resource Ventures, Inc. to a whole world of possible, joint ventures, mergers and acquisitions," said Kimberly Kaiser, President of Resource Ventures, Inc. According to the signed agreement between the two companies, Resource Ventures, Inc. will obtain professional consulting services in the Industrial Hemp/Medical Marijuana Industry, specifically in the areas of sales and marketing strategy, press releases, public company venues and overall general industry specific business guidance, on a continual basis, for the term of the agreement.
Bruce Perlowin, CEO of Hemp, Inc., said, "The Industrial Hemp and Medical Marijuana Consulting Company is the best 'connected' consulting company in the industry, since we were the ones that started the sector and have been there since the very beginning. We specialize in helping other public companies move into the medical marijuana, recreational marijuana and industrial hemp industries by finding new products and channels of distribution that fit within these industries."
Having Hemp, Inc.'s consulting company lead Resource Ventures, Inc.'s path in the industry allows the company to take advantage of the explosive growth and stock feeding frenzy that is currently occurring in the industry sector. The first such endeavor for Resource Ventures, Inc. will be announced within the next 10 days.
ABOUT REVI
Resources Printing & Graphics is a "Total Graphics" company with its roots in offset printing & direct mail. Our clients count on us for all their graphics needs, including offset printing, direct mail, promotional items, banners & posters, packaging, point of purchase, binders and more. We have served customers nationwide for over 27 years, and now, we have our eyes on international markets. Although based in Southern California and Colorado, our production plants are located across the US and in China.
Resources Printing & Graphics is ready for growth! Our model is simple; customer service is first, with the best quality products available and fast turnarounds. Resources Printing & Graphics is in the early stages of our new online print and graphics website "WikiClickPrint.com". You will simply take your artwork and upload it to the site or use our templates to create your own unique graphics, then place your order and in less than a week you will have your brochures, business cards, stationary or any of the 100+ products we offer. The Company is well positioned for significant future growth.
ABOUT HEMP, INC.
Hemp, Inc. (OTC: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. (OTC: HEMP) is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share before and after industrial hemp prohibition ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition ends).
ABOUT THE INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY, INC.
The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. (OTC: HEMP) that pulls industry information from a vast network of specialists that consists of other public industry, public company CEOs, bankers, investors, lawyers, industry analysts, and non-profits connected to the industry. IHMMCC is entrenched in all the multi-faceted opportunities in the medical marijuana and Industrial Hemp industry. (www.HempInc.com)
For Additional Information on REVI:
Telephone: 949-888-9940
Email: info@resourcesprinting.com
Web Site: http://www.resourcesprinting.com
Investor Information visit http://www.otcmarkets.com/stock/revi/quote
Safe Harbor Forward-Looking Statements To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
Contact:
Investor Relations
Kimberly Kaiser
949-888-9940
Just saw this article regarding weed stocks:
Cannabis Science, and Hemp Analyst Report Reviews 3 Opportunistic Companies in Burgeoning Market - BrokerBank Securities, Inc.
MINNEAPOLIS, Feb. 5, 2014 /PRNewswire/ -- With the US House of Representatives voting to legalize the cultivation of hemp, the previous barriers against the use of marijuana for medical or recreational use seem to have come to an end across the US, investors therefore are flocking to stocks such as #$%$, Inc. (PINKSHEETS: MJNA), Cannabis Science, Inc. (OTCQB: CBIS) and Hemp, Inc. (PINKSHEETS: HEMP).
These companies are on the leading edge of this budding industry. Each one got a whiff of this opportunity and offer a set of unique services designed to capitalize on what could be the next multi-billion dollar market. The alcohol market is estimated to be 263 billion and the tobacco market is estimated to be 75 billion.
Several sources estimate that there are approximately 19 million marijuana smokers in the U.S. and this number continues to increase. With the continued acceptance medical and recreational use of marijuana this number is likely to continue to grow.
BrokerBank Securities, Inc. is the party responsible for issuing the press release.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
I have all 3 of these plus 6 more....hehehe!! GL tuna
Motley Fool likes weed play AVTC $3.76 and it actually has EARNINGS.....haha!! Here is the article:
Motley Fool Forecasts Companies Providing Cashless Payment Technology, such as AVT, set to Grow
"Systems increase in popularity, increase investor interest"
PR Newswire AVT, Inc.
February 3, 2014 9:20 AM
CORONA, Calif., Feb. 3, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines, automated retailing and self-service kiosks, announced that it is one of only a handful of companies that is positioned to benefit from the growing move toward a cashless society. According to The Motley Fool, one of the nation's leading stock analysis organizations, "As the trend toward a convenience and a cashless society marches on, it could shape the future for a number of stocks."
Vending MarketWatch, a leading trade publication, also wrote about the opportunity. "Investors may want to start looking at the growing market of technology companies focusing on cashless payments," the article stated. "Share prices have risen in the last year for companies who specialize in wireless credit card transaction systems."
According to the Motley Fool, a 2013 study by Tufts University found that the cost to society of using cash is over $200 billion per year in terms of fees, theft, and $31 billion in lost productivity.
And customers prefer the convenience of cashless payments.
"Currently cashless adoption is very low among vending machine owners, and the self-serve market," the article stated, noting 93% of vending machines are currently without a credit card payment option.
AVT is a leader in providing cashless payment systems, along with a complete, backend management service.
"Virtually all of our new systems feature our exclusive cashless technology," said James Winsor, CEO of AVT, Inc. "Since only 7% of vending machines currently have this technology, we believe that there is tremendous potential for AVT to grow market share by replacing and retrofitting old-style machines."
For more information on AVT, their cashless payment technology, custom vending machines, and self-service micro-stores, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
Connect with AVT on Facebook at: https://www.facebook.com/AVTInc
Follow AVT on Twitter at: https://twitter.com/AVTIncCA
Read The Motley Fool article: http://www.fool.com/investing/general/2014/01/10/are-the-days-of-cash-numbered-these-companies-hope.aspx