Stacking some MJ stocks
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I don't think 0.06 will make the morning rush and if it will even pull back to that later in the day. Last hours of trading I seen a few 1,000,000 plus buys in at 0.0598. Wish you well on getting in anyways. That can turn out to be $6500 dollars + soon, just get in. I bet trading starts @ 0.0620 in the morning and up from there. This morning before the bell we closed yesterday at 0.0540 opened today at 0.0574 I believe.
Wow today in the last hours had some 50k and 60k+ buys (1,000,000 shares plus). Wish I had 62,000 dollars to invest but oh well I have to stick to my means. GLTO, looks like a nice ride. Remember what goes high will consolidate then we shall rise again. Yahoo..
I'm happy I made it in at mid December. Go FITX
FITX prices tomorrow, What do you think FITX will close at tomorrow, curious to anyone's thoughts. I thought today would have been over 0.06 but the news is still getting out and the shorts sold on highs like always. What do you think tomorrow brings?
What are you speculating?
I will on the sell, it will be hard to get in this morning on a good $$ the ask and bid are going up quick, and we all know the shorts will pull on the high some time this week or when the RSI gets to 90+
I did the same, and it benefits both. I sold yesterday PHOT as well. no worries you will make up here.
Bid/Ask now over 0.05 @ 7:20am nice!!!
I love the way I sold 50k PHOT shares yesterday on the high, now I feel a little bit like a dumb a$$ but anyways I been long on FITX.. Today we will see the price soar, then the money makers sell on the highs like always. Lets see how it goes. Long FITX..
Bid/Ask already starting to move... nice.. I like it Stay Long, as we all know this will shoot up then have its normal pull back in a couple of days. Just wait until the MJ is sold and operations are in full, the price will $$$$$$$ NICE....
Yes I agree also, Here is another 2 stocks that will see some good light today if your interested. PR just came out.
News:
GrowLife and CEN Biotech Announce Collaboration on the World's Largest and Most Advanced Legal Cannabis Production Facility
New Canadian Facility Capable of Producing Up to 1.3 Million Pounds of Medical Marijuana Annually
PR Newswire
WOODLAND HILLS, Calif., Jan. 29, 2014
WOODLAND HILLS, Calif., Jan. 29, 2014 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce that Organic Growth International, LLC ("OGI"), its previously announced joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc., subject to the approval of the GrowLife Board of Directors. GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest.
CEN Biotech, working under the inspection and authority of Health Canada, has completed the extraordinary governmental processes in Canada to receive approval to begin constructing their state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. The facility has undergone extensive vetting by authorities to ensure strict compliance and facility security requirements of Canadian Government and provincial requirements in Canada. Importantly, the facility has been graciously embraced by the town of Lakeshore and the Windsor Essex Economic Development Authorities as a most desirable source of jobs and economic activity for this highly agricultural region. This production facility is expected to have the capacity to produce up to 1.3 million pounds of dried medical marijuana annually, and the total may include capacity that is set aside for import and export. While facility construction has commenced, as of the date of this release CEN Biotech has to next secure the final and formal permissions to grow, harvest, package, and sell medical marijuana in Canada or for export.
Through a series of agreements, OGI facilitated a 25% equity position in CEN Biotech which is in addition to the ownership interest in certain licensing fees from CEN Biotech held through OGI, along with a shared right to revenue sharing of 7.7% of all gross payments received by CEN Biotech. In addition, 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. Furthermore, if and when CEN Biotech achieves cumulative manufacturing and sales volume of one million pounds of cannabis, OGI will be entitled to a $100 million payment. In exchange for the rights listed above, and others, GrowLife will issue to designated CEN Biotech shareholders a total of 235,294,118 shares of restricted GrowLife common stock, the equivalent of $40 million at $0.17 per share, after CEN Biotech is formally approved to produce and harvest cannabis by the appropriate Canadian authorities. The shares will be issued only if CEN Biotech receives final approval to grow and sell marijuana as currently planned, which means any issuance will likely be months in the future and closer to when there are revenue opportunities for CEN Biotech and therefore GrowLife. If these shares are ultimately issued, GrowLife will be obligated to register them under applicable federal and state securities laws. This contingent issuance is also subject to the GrowLife shareholders increasing the authorized common stock at the upcoming special meeting of shareholders.
"The agreement represents an outstanding beginning for GrowLife's newly expanded business model and entry into lucrative global market sectors in legal cannabis," stated Sterling Scott, CEO, GrowLife Inc. "The scale of the planned operations is truly unprecedented for legal cannabis worldwide as the facility has been proposed and is under construction for a production capacity of up to 1.3 million pounds of dried medical marijuana annually. We are extremely pleased to participate in this tremendous revenue opportunity for GrowLife and its shareholders which we believe clearly installs GrowLife as one of the foremost cannabis related companies on an international level."
"When we were provided with the opportunity to potentially provide these services in Canada our team realized that we needed the additional support and expertise of an elite cannabis company with the assets, technology, and intellectual capital to see our dream through to reality," stated Bill Chaaban, President and CEO, CEN Biotech. "In GrowLife we have found that ideal partner."
A full 8k detailing the Agreement will be released within the allowed time period. A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/
From time to time, GrowLife will provide market updates and news via its websites GrowLifeInc.com, Cannabis.org or the Company's Facebook page at https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and 58Hydro.com. The Company also operates the political and social forum, Cannabis.org
About CEN Biotech
CEN Biotech, Inc. was established in 2013 as a partially owned subsidiary of Creative Edge Nutrition (OTC Pink: FITX) for the sole purpose of supplying the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR) CEN Biotech Inc. has submitted a comprehensive application to become a licensed producer (LP) of dried marihuana for medicinal purposes and has received a ready-to-build approval from Health Canada.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Integrity Media
Kurt Divich (702) 396-1000
NEWS!!!!!
News:
GrowLife and CEN Biotech Announce Collaboration on the World's Largest and Most Advanced Legal Cannabis Production Facility
New Canadian Facility Capable of Producing Up to 1.3 Million Pounds of Medical Marijuana Annually
PR Newswire
WOODLAND HILLS, Calif., Jan. 29, 2014
WOODLAND HILLS, Calif., Jan. 29, 2014 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce that Organic Growth International, LLC ("OGI"), its previously announced joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc., subject to the approval of the GrowLife Board of Directors. GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest.
CEN Biotech, working under the inspection and authority of Health Canada, has completed the extraordinary governmental processes in Canada to receive approval to begin constructing their state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. The facility has undergone extensive vetting by authorities to ensure strict compliance and facility security requirements of Canadian Government and provincial requirements in Canada. Importantly, the facility has been graciously embraced by the town of Lakeshore and the Windsor Essex Economic Development Authorities as a most desirable source of jobs and economic activity for this highly agricultural region. This production facility is expected to have the capacity to produce up to 1.3 million pounds of dried medical marijuana annually, and the total may include capacity that is set aside for import and export. While facility construction has commenced, as of the date of this release CEN Biotech has to next secure the final and formal permissions to grow, harvest, package, and sell medical marijuana in Canada or for export.
Through a series of agreements, OGI facilitated a 25% equity position in CEN Biotech which is in addition to the ownership interest in certain licensing fees from CEN Biotech held through OGI, along with a shared right to revenue sharing of 7.7% of all gross payments received by CEN Biotech. In addition, 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. Furthermore, if and when CEN Biotech achieves cumulative manufacturing and sales volume of one million pounds of cannabis, OGI will be entitled to a $100 million payment. In exchange for the rights listed above, and others, GrowLife will issue to designated CEN Biotech shareholders a total of 235,294,118 shares of restricted GrowLife common stock, the equivalent of $40 million at $0.17 per share, after CEN Biotech is formally approved to produce and harvest cannabis by the appropriate Canadian authorities. The shares will be issued only if CEN Biotech receives final approval to grow and sell marijuana as currently planned, which means any issuance will likely be months in the future and closer to when there are revenue opportunities for CEN Biotech and therefore GrowLife. If these shares are ultimately issued, GrowLife will be obligated to register them under applicable federal and state securities laws. This contingent issuance is also subject to the GrowLife shareholders increasing the authorized common stock at the upcoming special meeting of shareholders.
"The agreement represents an outstanding beginning for GrowLife's newly expanded business model and entry into lucrative global market sectors in legal cannabis," stated Sterling Scott, CEO, GrowLife Inc. "The scale of the planned operations is truly unprecedented for legal cannabis worldwide as the facility has been proposed and is under construction for a production capacity of up to 1.3 million pounds of dried medical marijuana annually. We are extremely pleased to participate in this tremendous revenue opportunity for GrowLife and its shareholders which we believe clearly installs GrowLife as one of the foremost cannabis related companies on an international level."
"When we were provided with the opportunity to potentially provide these services in Canada our team realized that we needed the additional support and expertise of an elite cannabis company with the assets, technology, and intellectual capital to see our dream through to reality," stated Bill Chaaban, President and CEO, CEN Biotech. "In GrowLife we have found that ideal partner."
A full 8k detailing the Agreement will be released within the allowed time period. A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/
From time to time, GrowLife will provide market updates and news via its websites GrowLifeInc.com, Cannabis.org or the Company's Facebook page at https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and 58Hydro.com. The Company also operates the political and social forum, Cannabis.org
About CEN Biotech
CEN Biotech, Inc. was established in 2013 as a partially owned subsidiary of Creative Edge Nutrition (OTC Pink: FITX) for the sole purpose of supplying the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR) CEN Biotech Inc. has submitted a comprehensive application to become a licensed producer (LP) of dried marihuana for medicinal purposes and has received a ready-to-build approval from Health Canada.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Integrity Media
Kurt Divich (702) 396-1000
Sounds great but they way somebody has been controlling (opinion) the price I think if anything we run and close in the 0.05's. Hope we do run into the 0.10's and go sideways there a few days. Strange to you as well, look at the link below and look at all the MJ stock charts, 15 of 17 yesterday ran down. They already know how hot and heavy MJ stocks are and the MM or shorts to me did some playing yesterday (a lot look to be around the same time also - just looks strange). Last time before we spiked we went sideways 6 days, we are on day 5 (today) of going sideways so lets hope there is some similarity and if not today then tomorrow we can shoot up again. The RSI is still a little high (72) but the chart pattern is looking good, solid stock and has proven many times already to hold any resistance thrown at it. Buy up today as this is only going up and soon.
http://marijuanastocks.com/content/list-marijuana-stocks
Oh its guaranteed it will correct as many MJ stocks did today, plus PLPL is at 83 RSI (overbought). I would bet it corrects to the lower 0.80's unless many have stop-loss set then it will correct itself accordingly. by Friday it will correct or early next week. Still a strong healthy stock, just needs to breath a little.
They can put whatever ask they want, once orders come in it will self adjust accordingly. Usually 10 minutes before the bell you can tell which way it will go.
There is a saying that says "Don't believe nothing you hear, believe half of what you read, but believe everything you see" I see high volume, nice runs and money to be made. So I'm riding the train, MJ stocks are hotter than lava and some people are just catching on. I bet we are over a 0.0025 close easy. RFMK up also 100% yesterday if you want to ride that train this morning (0.0018 now). GLTA
If it is, it will take awhile or some huge PR to get it there.
There is one website that also says FITX partners with PHOT, but then they go into how bad the youtube video was, facebook and so on. People we grade it how they want but once a formal PR is done then many eyes will open as I would say probably 30% or more of the people who buy this stock have no idea.
Glad you just watched that.
I don't think it will get filled either. get in while you can.
Good news? NEWS LINK that just came out on FITX and EAPH. I believe it will help us on PHOT since they should have their partnership news and GIFT coming out soon. See link.
http://www.marketwatch.com/story/creative-edge-predicts-faster-growing-canadian-demand-for-medical-marijuana-creative-edge-nutrition-inc-otcpink-fitx-easton-pharmaceuticals-inc-otcpink-eaph-tranzbyte-corp-otcpink-erbb-2014-01-27?reflink=MW_news_stmp
Link to FITX news and EAPH, I am going to get some EAPH as well before they go approved and I already believe they are going to work with FITX, PHOT some how.
http://www.marketwatch.com/story/creative-edge-predicts-faster-growing-canadian-demand-for-medical-marijuana-creative-edge-nutrition-inc-otcpink-fitx-easton-pharmaceuticals-inc-otcpink-eaph-tranzbyte-corp-otcpink-erbb-2014-01-27?reflink=MW_news_stmp
Medical Marijuana stocks all green this week. I believe will the latest news last week (Obama, Florida will vote on Medical MJ, Texas news on MJ and getting the banks to finance or loan $) will help all medical marijuana stocks. To me this is just the beginning of the green rush. GLTO
I agree 30 minutes prior to bell it will fluctuate accordingly, last time minutes will give you better insight. its only 5am in the west coast
Thanks to The_Phoenix...
Does anyone have the Arcview video link, please share.. Thanks in advance. GL to all
I was thinking the news would come out after the vote (Feb 7th). or 2nd week in Feb since the 7th is a Friday.
Here is a youtube video on CEN biotech that gives some additional information.
Very true, I wrote GNC today trying to get a little info but no luck, wish I need someone in sales at the corporate office. Email below.
Dear Edward,
Thank you for contacting Customer Service at www.gnc.com.
Unfortunately, we are unable to speculate on future product availability at this time. Please accept our apologies for any inconvenience this may have caused. However, we recommend signing up for our email notifications via the following link. In this way, you will be kept informed about new products, and special sales and promotions through www.gnc.com. Additionally, by signing up for our emails, you will receive an initial 15% off your next order coupon via a clickable link in the email.
If you have any more questions or comments, please do not hesitate to reply to this email or call our Customer Service Department toll-free at 1-877-462-4700 and thank you again for contacting Customer Service at www.gnc.com.
Sincerely,
Sarah J.
Customer Service Representative
Customer Service at www.gnc.com
If you have additional questions, please visit our online Help Desk.
Original Message Follows:
------------------------
To: customerservice@gnc.com
From: xxxxxxxxxxxxxx
Subject: Product Questions
Order Number:
Name: Edward
Phone Number: xxxxxxxxxx
Wrote: Hello, I buy many of my supplements from GNC but they don't carry my Centergy product and it would be convenient to have all products in one location. Does GNC have plans to carry this product in the near future? Thanks, Scott
Sure it would pass code, I work in a 1 million sq ft hospital. In many of the major electrical rooms we have (30 +) there are chill water lines, sewer lines running over the main bus breaks and switch gears. We are a government facility and get annual inspections from multiple city, state and federal authorities to hold our medicaid & medicare license for reimbursement. To put this in laymen terms we have a fail safe system in place (also approved by our insurance company) it resembles a gutter depending on the pipe size. if the piping leaks or breaks it runs the course of the gutter to a floor drain - electrical distribution systems don't get a drop. So the answer really is, sure it would pass inspection (hospital & lives are much more important for inspectors than marijuana plants). GLTO
A correction or consolidation sure it's normal anyways but it is definitely not over bought which is 70 or higher on the RSI, We are at 57 which actually shows a upward trend coming (who knows) but I can say in the last 10 minutes of trading over $350,000 dollars of stocks were bought @ the 0.25 price and that is strong in 10 minutes (the largest was one person bought 350,000 shares - $88,000).. GLTO
Why would you take your money and run when you can simply set a stop-loss on your stock account? if it hits 10 then set a stop-loss of 0.0925 or 0.0950 and if it got lowered to that point it would sell automatically, if it keeps going up then your only making more money. To me, if it goes to 0.10 then why would it not go to 0.15 or 0.20 (if I sold @ 0.10 then I just lost 50% more profit)? I will just keep adjusting my stop-loss and ride the wave.
Video of a medical mj grow facility in Arizona (59,000 Sq ft facility)
http://www.myfoxphoenix.com/story/24535716/2014/01/23/state-lawmakers-tour-marijuana-grow-facility
Medical mj sells for on average $15 a gram or 280-300 per oz. 280x16=4480 a pound, then if they can produce 1.3 million pounds one day that is 5.8 billion dollars. Remember that is medical MJ thats why the prices are so high. for every 224 pounds produced it equals 1 million dollars government sale rate to patients. I work in healthcare and anything in healthcare as must know is so expensive, plus the government is making their pretty penny as well.
Yes all my posts today are regarding FITX - Maybe the CEN Biotech through a few people off.
Jan 09, 2014 (ACCESSWIRE via COMTEX) -- MADISON HEIGHTS, MI / ACCESSWIRE / January 8, 2014 / Creative Edge Nutrition Inc. (pinksheets:FITX) is proud to announce that it has completed its website http://www.cenbiotechinc.com/ for use in the Canadian Medical Marijuana business.
Price of medical MJ, average price is $15 per gram or $280-$300 a ounce. 16 ounce = 1 lb (280x16=4480) then times there 1.3 mil lbs = 5.8 billion dollar. Those are just medical MJ facts, nothing about how much they can produce or any other company. Just average cost now at the dispensaries.
They have 2 investors already (Joseph Byrne Law Firm is one of them), doesn't mean much but if people want to read about it, here it is. Plus city will also fund some of the project for economic development.
http://blogs.windsorstar.com/2014/01/07/company-invests-12-million-to-grow-medical-marijuana-in-lakeshore/
City agenda and minutes (Same story but in the city recorded minutes, Pg. 109 on PDF):
http://am.countyofessex.on.ca/County%20Council%20Agenda/2014-01/15-19-00/Packet.pdf
“I could not think of a better community to launch this new industry than Windsor-Essex for two very good reasons,” said Joseph Byrne, an investor of CEN Biotech, and owner of Joseph Byrne Law Firm and Byrne Produce. “Our community houses the continent’s most robust, secure border environment, and as a hub for agriculture expertise, our region boasts the country’s best hub for horticulture. I am delighted to be part of a $12-million investment.”
http://www.economicdevelopmenthq.com/blog/tag/canada/
The Governments of Ontario and Canada have each pledged CAD$50 million to the fund, and private sector partner commitments boosted the total to CAD$217 million under the first closing.
As additional private investors get on board, the funding may increase up to CAD$300 million. Ontario is aiming to use this fund to attract investments to the province and help Ontario-based businesses compete globally.
Ontario Premier Kathleen Wynne said in a statement that they want to continue to attract investments to Ontario and support the most innovative companies. Premier Wynne added that funds like these are a great tool to help companies access the capital they need to grow, create jobs and expand into global markets.
Schultz’ firm is one of many companies that have grown up around the production and sale of medical marijuana in Canada — an industry that’s been growing steadily and is expected to be worth $1.3 billion in a decade.
More than 37,000 people in Canada currently use medical marijuana, up from less than 500 in 2002. That number is expected to reach 450,000 by 2024, according to Health Canada.
From the news on internet...
IMO not at all, hold tight and don't panic and sell at 0.055 its common for a stock to ramp up, get over bought and consolidate like we did. With good news next week we will ramp up again, hopefully to a new high and the same will happen again (consolidate but at a higher level). I wish to say this is just the beginning of a really good thing.