Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The only Vegas pot company that I know is Oasis Cannabis...which is run by CLS Holdings USA. They also have a site outside of the Boston area.
i sound like your buddy. let me know if he finds a way to rewind time.
it is times like this where i feel like a fool. i expected this news to come out tomorrow, figuring that would be when the governor signs. sat at 3.07 hoping it would drop. i am really regretting that 2 cent difference right now.
And instantly the stock popped from 3.09 to 3.37.
I am with you...makes no sense.
Also, it's $8500/month...and the ridiculous thing is another competitor in the space saw their stock jump 25% when they hired one person to their board of directors as well as made the comment of the 'expectation of appointing an advisory board'. Meanwhile LXRP receives an R&D investment from Altria, hires a marketing firm, signs a beverage licensing deal and appoints an advisory board...and we continue to see red.
SuperDB, I dont think that applies anymore. I read an old article, probably around the same date as you the one you posted, linking KGKG and SIPC to the hemp supplier GRCU. I was uncomfortable about GRCU as a business. I questioned this forum back in January and this was the reply I received:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146246773
Thanks for the continuous status reports.
In all honesty what is the cost for this advisory board? I am assuming, like Lexaria's executive staff, their compensation will be equity stake related? If that happens to be the case what will that mean for the stock? Longer stays in the low dollar range? Hopefully not another dip down into the under $1 range (even though if it does I will keep adding to my position). Thoughts?
Material Change Report posted on the SEDAR page at 1pm:
On April 15, 2019, Lexaria engaged Oak Hill, a Toronto-based firm that develops strategic platforms for its clients that are utilized to gain exposure and recognition in the capital markets. Oak Hill provides asset management, capital market and investor relations services. Its team has marketed corporate issuers ranging in market cap from $10M to $1B in a variety of different sectors to the Canadian retail brokerage channel, family offices and institutional networks. Oak Hill’s team has experience across equity capital markets, equity research, portfolio management, institutional equity sales, and traditional investor relations – resulting in tailored and highly collaborative solutions. Oak Hill will work closely with Lexaria to develop and deploy a comprehensive capital markets strategy and campaign. Activities will include providing an investor relations program catering to retail investors, marketing services and an ongoing client services program. The term of Oak Hill’s engagement is one month with such term being automatically renewed for further one month terms, subject to termination by either party, upon five business days notice to the other party. Lexaria shall compensate Oak Hill for its services at a rate of $8,500 per month.
CLS Holding's Oasis dispensary saw record 4/20 weekend sales of $104,454.00 up 60% from last year's results of Alternative Solutions, LLC
The dispensary serviced a record 924 customers on April 20, 2019
Revenue on April 20, 2019 of $46,000.00 vs Revenue on April 20, 2018 of Alternative Solutions, LLC of $30,000.00
Gross margin over the three days increased from 40% for Alternative Solutions, LLC in 2018 to 50% in 2019
Customer Count over this time period increased from 1,295 in 2018 to 2,147 in 2019
A reverse split is just another way to tramp in dog poop. Whether you have 100 shares at 1 cent or 1 share at a dollar...it's the same thing. It's just a finance trick to make it appear your stock price is climbing and your outstanding share count is lower. The garbage this company did was wait for their stock price to become almost nonexistent before issuing the reverse split. If they really cared about their shareholders they would have bought back outstanding shares and worked to raise the price legitimately.
Yep...I am really winning...maybe if I was playing golf! I guess it all depends on where/when you took a position.
Let's play a hypothetical:
Earlier in the year when this stock was doing well it was trading at a little over 0.01...meaning a $100 investment would have bought 10K shares. Then, since the stock has been soooo impressive, and they are the only HEMP/CBD beverage in the market in Mexico (insert wha wha whaa sound effect), the share price fell to a whole 0.004...making the 10K shares worth $40. <<Sweet!>> But dont worry...a reverse split will come in and save the day! Now my 10K shares will only be 500, when all is said and done...CURRENTLY (barely) trading at the new, awesome price, of 0.12. I guess
I should look at the positive...the reverse split DID HELP...I no longer have $40...I have $60!
Just because it opened at 0.33 when it listed as RMHBD doesn't mean we should expect it to climb back to that point. I imagined green times when I first invested...since then it's been one empty promise after another. They are a BEVERAGE company and had an issue sourcing aluminum to make cans! Excuse followed by excuse. Shoot, look at the most recent one -- "we wouldn't have done this reverse split had we known we had to also do an audit." AND "we have to do this audit while also conducting day-to-day business."
Are you serious!?!
Granted it is good to see that their 2017 to 2018 sales more than doubled from 141K to 379K...what isn't good is their admin cost. They are still over 3.7M....OR ALMOST 10 TIMES SALES...and that doesn't include their recent, "top" VP of sales/distribution guy, Doug, who IMO should read bedtime stories.
Exactly...no news...weak annual news...going down for sure. I am on this roller coaster for at least one more ride. Maybe by then news will come out regarding a major agreement with them and GenCanna.
I am with you both...what is keeping me in is the fact that i didn't cost avg down so bailing now would cost me. I know where i want to move it...and now happens to be a good buying opportunity...but i just struggle with accepting the loss in order to do so.
What SleezeBuckets! Isn't it awesome that rmhbD is allowed to continue trading through this whole "20-day" process? Meanwhile, at least through Ally Financial, my symbol is a random alpha-numeric value acknowledging I have shares in something...however I am unable to sell any shares because I do not 'currently' hold a position with the company.
Your link didnt load for me:
We have received notice from FINRA that the pending reverse split of our common stock, at a ratio of 1 share for every 20 shares
held, will go effective in the market on April 22, 2019. On that date, the trading symbol for our common stock will change to
“RMHBD” for a period of 20 trading days, after which the symbol will revert to “RMHB.” Upon effectiveness of the reverse split,
the new CUSIP number for our common stock will be 77471R 207.
I know this the LXRP board...but Med, you missed the huge caveat on CGC. The deal cant complete until AFTER cannabis has been legalized in the US. CGC wont jepordize their NYSE status. Right now it is a publicity stunt with the potential of a huge reward.
Hopefully that photo was taken well before their presentation started because there were more people on their executive staff powerpoint slide than in attendance.
Future, I could see it being possible as long as the Senate passes that bill while allowing enough time in the day for the market to respond...however it was pretty far down on their 'to-do' list that the market may be closed before they get the chance to vote on it.
Thanks Jeans. Totally agree with you Knife. Hope that the Governor gets what he wants...to sign it on 4/20.
Recommended name change: Rocky Mountain Hype Brands
I dont really have a horse in this race...but just wondering how the deal is structured so that CGC doesnt jeopardize its NYSE status.
I guess even if they devote most of their resources to closing their acquisitions, later this year, they shouldn't have any problems maintaining revenue if they see 4 to 5 times their usual regular daily volume going forward.
Long term, regarding taking equity in the companies that they provide services to, I agree with you. Short term, 2019, is concerning. Once the bill passes they will be devoting most of their time and resources to completing the merge. They acknowledge that this will make their 2019 revenue fairly flat as they transition. Then they later go on to say that they expect 2019 to generate positive cash flow but "make no assurances" (literally twice I'm the same sentence...which set off a huge red flag). If they do not, and still need to implement their business plan, then they will need to generate additional capital (sounds like the possibility of dilution). These two statements make me consider taking some profits now while at the same time figure that I will have opportunities to add more (cheaper) later. Knowing me, I will probably let my current investment ride and add more any chance I have to cost average down.
I am not used to seeing a cannabis stock climb for a straight month...of course I want it to continue! However I did find two areas a little concerning and could effect the short term (2019) stock price:
1.) "Though there can be no assurance, our expectation is that Colorado House Bill 19-1090, a bill allowing public company ownership of Colorado cannabis licensed companies, will pass by May of this year and be effective late this year or in Q1 of 2020. This will allow us to close our recently announced acquisitions of Medicine Man Denver and MedPharm Holdings near the end of 2019 or early 2020. Therefore, our expectation is that it will require a significant amount of management’s time to facilitate this growth and prepare acquisitions to be consolidated in 2019 with the increase in revenue coming in 2020. Though there could be modest revenues from managements contracts for these companies in 2019, overall we expect revenues in 2019 to be fairly flat as we move through this transition period."
2.) While no assurances can be provided, we believe we will generate positive cash flow from our operations in 2019. If we are successful in achieving this objective, of which there can be no assurance, we do not believe we will need to raise any additional capital and that the revenue generated will be sufficient to allow us to implement our current business plan. However, if we do not generate positive cash flow, or we identify an acquisition which we believe will significantly impact our business operations in a positive manner, or unforeseen developments occur, we may need to raise additional capital, either debt, equity or both. At this time, we are unable to state how much capital we will need. As of the date of this Report we have no commitment from any investor or investment-banking firm to provide us with any funding and there can be no assurances we will obtain such funding in the future. Failure to obtain this additional financing may have a material negative impact on our ability to generate profits on a regular basis in the future."
Right, and I know Andy has talked about how CBD with a small amount of THC (say 3-5%) has been found to be the most beneficial. To be honest, that is probably the right direction to head because there is a major study out of Israel suggesting that this blend can help autistic children better socialize. I believe that same study is expected to be redone here in the states in hope of tailor making dosages at an individual level. I am sure, with research, similar concoctions may prove beneficial in alleviating, or delaying, Alzheimer's symptoms.
Future, maybe I am reading too far into it...but did you get the same feeling that I did...that MedPharm is is sitting on something significant...but we wont know until after the acquisition completes.
Gauge1, Did you listen in this morning? It's hard to sell product when you dont have it. All the Canadian companies suffered from this. They all ran out of product 4 days after it was legal in the country. Since that point they all focused on growing their companies to support the demand...while producing limited supply. They reported an increase revenue of 74mil CAD (55US)...which happened to be higher than the 44M US projection. Aphria estimated that when in full swing their current fully functioning facilities/assets they should be able to produce 115K worth of product which should account for a half a billion in revenue, annually. They also built a new facility, that when up to full production, should increase this total to 288K...and they estimate 1 billion in revenue, annually, from that point forward. These revenues do not include the CBD extraction facility that they are currently in the process of constructing. It is this (CBD) piece of the business that they would be entertain a partnership...as long as they considered the partner to be the correct fit. In addition, they acknowledged that their price per gram increased. They blamed this on unexpected increase for packaging. The are in the process of addressing this area to bring the overall cost per gram down.
Knife, how do you read this chart? I am not shocked by the increase....I guess I am more shocked that there really isn't a back fill following each climb. It plateaus...then boom! up again.
Fingers crossed that it's good day for the cannabis sector. One of the major Canadian cannabis companies reports their earnings at 9am. Their results could set the tone for the day.
Hopefully good news that boosts the rest of the sector for the day. I have some other bums that I would like to get rid of.
I agree Knife. They have said it countless times in videos on YouTube...they negotiate service fees based off of down-the-line business potential.
Wow, release before the market opens. They must be confident in their news...unlike most of the other companies in the space who waited until the markets closed for the day before releasing theirs.
Like I said...I have a few shares. I bought some back it was around $0.50...then cost averaged down when it was around $0.28. Right now I have my focus on other things. Kinda waiting to see what will happen with the vote...but I am not not watching.
With this information posted, I just dont understand why people are still purchasing the stock. I know I have a few shares...but if I was on the outside looking to get in I would be waiting for the the vote. If it goes through they'll probably have plenty of opportunities to purchase shares lower than the current stock price.
I am a little worried about the proxy statement regarding the June 4th vote to dilute the stock 750M shares. I wonder what they plan on raising the money for...
what dont we know? share volume is up 250K, over the 65day avg, and it isnt even noon. it would be nice if the stock price reflected the demand.