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 acquisition may of gone south (somebody knows?) - does not mean Growlife is dead - besides, they've already been resurrected once - we can rise from the ashes again. I'm sure Hegyi is searching far beyond retail for a recovery - less than 6 months ago we were in the grays, now we just need a little gray matter to see this through. This isn't a simple fix, PHOT needs to be heading in several "calculated" directions right now(with revenue being at the forefront).
Great NEW Article out today (link) mentions PHOT - surprised "EAT" was not mentioned (suggested PHOT hook up with them in some capacity)
CORAL SPRINGS, FL, July 19, 2016 /CNW/ - Top marijuana companies are aiming to improve cannabis extraction methods as the market value shifts towards concentrates and higher quality of substances for both medical and recreational uses. Marijuana concentrates are the fastest growing segment of Colorado's legal marijuana market. Marijuana, Hemp & Cannabis Operations are being guided in the markets today by Puration, Inc. (OTC: PURA), PharmaCyte Biotech, Inc. (OTC: PMCB), GrowLife, Inc. (OTC: PHOT), Hemp, Inc. (OTC: HEMP) & Medical Marijuana, Inc. (OTC: MJNA).
More Here:
http://www.newswire.ca/news-releases/extraction-technology-becoming-paramount-in-cannabis-industry-as-consumers-gravitate-towards-concentrates-and-higher-quality-of-substance-587443711.html
Yes Hokus - it's a trying time while we wait. My wife and I sold our legal supply co. (private) to a very large public co. It took 3 months before the deal closed. While waiting on all of the due diligence (accounting/confirming our customer base etc.) we were not permitted to discuss any of it whatsoever. Our employees (about 30 at the time) did not even know we were planning a sale - the other co. had approached us out of the blue. Regardless, about 90 days later the deal closed, with most of our employees moving to the new company. There were many times I felt the deal was going south but some how managed to stay afloat - who knows what discussions are going on behind closed doors ? (accounting verification/employee retention/existing lease structure/inventory counts/supplier negotiations) - I could go on and on. Anyway, hang in there - and be prepared for it to fall apart, unfortunately it's the cost of doing business. MH may have another he is looking at - he's making moves to generate revenue - that is the only thing that can save PHOT in the short term - lots of long term ideas I posted here but the company needs "earned" revenue and fast. Lets see where we are come September 1 2016 - if we are still sitting with dead sails, then by all means complain.
Update: Illinois Medical Marijuana Program
07/05/2016 07:31 AM ET
TORONTO, ONTARIO, Jul 05, 2016 (Marketwired via COMTEX) -- TORONTO, ONTARIO--(Marketwired - Jul 5, 2016) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(OTCQB:SPLIF)(FRANKFURT:2NU) welcomes the progress of passing Amendment 3 to Senate Bill 10 in Illinois.
This measure extends the state's medical cannabis pilot program by an additional 2 1/2 years, to July 1, 2020, and expands the list of qualifying conditions, to include post-traumatic stress disorder ("PTSD"). PTSD is the only medical condition that was approved for a research study by the US Drug Enforcement Administration ("DEA") in context of medical cannabis.
Also as part of the legislative change, in order for a patient to receive their medical marijuana card, their doctor must no longer "recommend" the use of cannabis. Instead, their doctor must simply certify that a legitimate doctor-patient relationship exists, and that the patient in question has a qualifying condition. This change is expected to improve access for patients in the State.
These changes provide for improved access to medical cannabis in the State of Illinois and in the Company's view expands the potential patient base, further improving the fundamentals of the Company's business prospects in the State.
David Posner, CEO of Nutritional High commented - "This development has a positive impact on operations of our dispensary, especially in light of the Effingham move. We look forward to commencing operations in the near future."
Illinois Medical Cannabis Pilot Program
Illinois Market Update
According to the statistics published by the State of Illinois, as of early June, Illinois had 7,000 qualifying patients, including 52 people under the age of 18, and 9,200 who submitted a complete application. There are currently 37 dispensaries which are permitted to sell medical cannabis to qualified patients.
Joseph Wright, former program coordinator for the Illinois Medical Cannabis Pilot Program, announced that registered dispensaries logged nearly $2.3 million in sales for the month of May, which is a slight increase from April's sales total of $2.2 million. This totals an average of just over $60,000 of retail sale per location, which according to Company's internal analysis is above the break even. The Company believes this signals the normalization of the market conditions in the State.
According to the Associated Press and other sources, since the program's launch on November 9, 2015, retail sales in Illinois have totaled $10.8 million.
New Growlife Strategy Board required to implement / review the following topics:
1/ Lowest priced Growlife "cube" product (with 1 year free subscription)introduced via QVC (or similar) (revenue / PR /exposure)
http://www.qvc.com/Miracle-Gro-Aerogarden-Sprout-3-Pod-Garden-with-6-Seed-Pods.product.K43088.html
2/ Growlife sponsored EXPO or similar (PR / exposure / revenue /growth)
https://news.liftcannabis.ca/2015/11/23/lift-cannabis-expo-coming-to-toronto-may-28-29-2016/
https://lift.co/expo/vancouver2016/
3/ Growlife "community" garden sponsorship / start up program (local specific PR / exposure /future revenue stream)
http://www.ngnews.ca/Community/2016-06-24/article-4570424/Rooftop-garden-at-hospital-to-benefit-patients-and-community/1
4/ Growlife additional markets (Brazil / Canada - revenue / exponential growth)
http://www.huffingtonpost.ca/2016/06/28/canopy-growth-forms-brazilian-partnership-to-tap-into-medical-marijuana-market_n_10713118.html
5/ Growlife segment on "Get Growing" or similar (PR / exposure)
https://www.facebook.com/GetGrowingNZ/
Perhaps MH is already working on these and more ?
Increasing revenue is the only way out of this mess, so Hegyi is on the right track. Multiple acquisitions / mergers should see us to safer harbors - timing is everything.
GrowLife to Receive Up to $40 Million for Acquisitions, Growth Capital, & GIFT Program
WOODLAND HILLS, Calif., Nov. 21, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which 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, is pleased to announce that the Company, through a Joint Venture (JV) has received a commitment to receive up to $40,000,000 to be used primarily on acquisitions, GrowLife Infrastructure Funding and Technology program (GIFT), and other expansion initiatives.
http://www.prnewswire.com/news-releases/growlife-to-receive-up-to-40-million-for-acquisitions-growth-capital--gift-program-232814581.html
CANX LLC - seeing several ref. to this corp (in recent doc. filed) as a partner - which is now Cannavest - originally 40 Mil was allocated for acquisitions by this firm for Growlife/PHOT (if I'm reading it right) - anyone know what the full story is on this? tried to read through the entire doc. without nodding off ... multiple disclaimers (every second page almost) I'm sure just a formality on these things. Let's just say Hegyi has his work cut out on this pet project. Here's hoping Hegyi is a long lost relative to Houdini - some real challenges ahead.
http://www.marketwired.com/press-release/cannavest-corp-acquires-canx-inc-its-subsidiary-canabine-llc-announces-name-change-appointment-otcqb-canv-2085390.htm
Nice find - glad I stumbled on to this one - looked at several today, chose BMIX to go long on.
Out -where to now - any new ones? Have a few in mind - any thoughts ??
Those extensions will kill you every time ...
Little late to the party ...
WOW - didn't make past the first extension - been swell. on to the next ...
Crude is trading higher on the back of a rare bullish call from Goldman Sachs, which until now had been a long-time bear on oil and even warned of another price crash due to overflowing storage. The investment bank says the market has moved from a state of oversupply to a deficit, and believes major supply disruptions in markets such as Nigeria, Venezuela and China will sharply lower production levels. Crude futures +2% to $47.14/bbl.
Some SDOC similarities? Linn Bought some time but expectedly, Linn Energy's units crashed on Thursday (they were down ~57 percent) effectively "destroying the rest of the equity that was left" after two years of sliding unit prices. Linn Energy informed unitholders in April that it negotiated amendments to its credit facility to buy some time to work out a larger restructuring deal.
http://seekingalpha.com/article/3974832-linn-energy-bankruptcy-blowout?lift_email_rec=true
Extensions mean they are weighing BK over restructuring (I'd like to know the terms - GDP raised the bar so high, at a 95% conversion rate that BK was imminent) - they had 3-4 extensions to try get to that point but were stuck at about the 60% level - I saw the writing on the wall and bailed early - just after the 2nd extension. And don't give me the bleeding heart "shareholder for ten years ... and they have money in the bank" crap - once the banks and the top tier lenders / shareholders say enough is enough it is tantamount to being at war - there will be casualties (the commons go first) I am not suggesting to sell or buy - just be aware that we do not matter in the grand scheme of things. For now I'm holding my position, when that 2nd or 3rd extension arrives you may want to think twice about your loyalty to SDOC.
Hi Janice, just letting you know Mr. Hegyi has reviewed the recent article from your colleague - I understand it is being passed on to any/all appropriate parties within the PHOT/Growlife organization. I am in no position to guarantee you a response from Mr. Hegyi - but he is certainly aware of the content. Judging from Mr. Hegyi's "hands on" approach at PHOT/Growlife, I'm sure he will comment on the content "if" it indeed does merit a response. Thank you for bringing the article to the attention of this board.
Totally respect that - another extension and I will review the risk/reward as well. I bought more just prior to the extension - but watching closely. Good for you on "sticking to your guns" - admirable.
I said "watch" for them - refrain from drinking this early in the morning please.
It makes perfect sense. Additional extensions could mean restructuring terms are not coming together for all parties concerned - which (more specifically) will not fare well for shareholders with Common Stock. Just take note of further extensions - "could" be a bad sign for us here. I see oil moving higher again this AM - should bode well for any further negotiations during this extension. I'm holding until further announcements - still optimistic we will have a happy ending.
If we see additional extensions start packing your bags and heading for the door ... been there done that.
I just went through a similar situation with GDP - GDP applied for multiple extensions then ran out of time to make deals with shareholders - difference is, SDOC still has some money in the bank (for now) I'm holding (not buying more)until we see a clearer picture. I'm 50/50 on the success rate here - but cautiously optimistic.
Time sensitive - The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on
Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due
date;
Not surprised - The Company, however, anticipates that total revenues and income from operations for the quarter ended March 31, 2016 will be significantly lower than the
quarter ended March 31, 2015, as a result of significantly lower commodity prices, as well as a decline in total production of approximately 30 percent from the
corresponding period in 2015. Further, as a result of significantly decreased oil prices, the Company incurred a full cost ceiling impairment charge of $108.4
million for the quarter ended March 31, 2016.
The foregoing statements are based on our current expectations as of the date of this filing and involve a number of risks and uncertainties which may cause actual
results to differ and may be beyond our control, as discussed further below.
Not true - both were/are restructuring - very relevant. regardless, I'm holding SDOC long - unless we get negative "breaking" news shortly. Anything can happen and probably will - just stay on top is all I'm saying.
Agreed - if it follows GDP's path a 10-50% loss could occur at the worst (depending on the speed of your departure) I'm willing to take that risk as we wait for news. I faired well with GDP but I really had to watch the announcements and read between the lines as it progressed - they called for a 95% conversion rate and extended multiple time but on the second last extension only converted about 65% - I bailed at that point. Moral of the story... read the announcements thoroughly - it's not rocket science.
Why?? You can have them for 1's soon
Yes, but you need some support from CEO/Corp. ..crickets ,,,
2Billion + shares - No "Registered" Patent (could be infringement as per earlier post) - Delinquent on OTC filing - 30K Corp. valuation - Little or No revenue ..should I go on ... I passed on this one but good luck folks - all the best. PS This is all fact - no hype / no charts. Do your research folks - you work hard for your money.
Great news /SDOC unstoppable - continues to make good on all/most commitments - In at 8 cent average, holding long (no in and outs just smooth sailing)
Interesting SDOC holding ground today - I doubled up this AM, no news is good news right now.
I don't short - doing my research before going in
SPCL Patent Infringement? Anyone see a problem with this Patent already granted / prior to SDCL - sounds similar. Could be why their provisional patent has not moved forward - don't get me wrong - I like this company, but this could be why things turned sour for SPCL ??
refers to The energy storage media may be primary or secondary "cylindrical cells" interconnected into a battery and/"or an array of capacitors (or super-capacitors)"
refers to battery "or" capacitors - covers both angles
http://www.google.com/patents/US9136732
http://www.solarispowercells.com/energy-storage-solution.html
Just keeping it real ....
Crude Oil - Electronic (link)
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Yes, SPCL not the worst I've seen - rough around the edges but has potential (thus the share price) - was on the top 10 list OTC Friday (with PHOT - which I bought in the grays, then it recovered - & I still hold) - so I'm not adverse to climbing on board a dog with huge potential. If I miss out so be it - we all know there are 100 more right behind it. It does have my attention though.
Just investigating SPCL, posting facts not hype - if I buy it will be because it deserves my money - these are a dime a dozen & I only miss out because I choose to. Provisional Patent was filed Oct. 2013 - I checked USPTO & still no progress yet (still not in public domain) - nor have they filed additional patents as stated in news releases.
How do you think they are paying those big names on board? With shares ... more and more shares. Heavily diluted, may be more to come to keep them on board - company only valued at $32,000 US - see OTC records,
re: Prov. Patent #61,885,027 (per youtube video and elsewhere)
(OTC Link)SPCL -SEC Reporting Delinquent
http://www.otcmarkets.com/stock/SPCL/profile
(OTC Link)Share Increase 24 to 1 split (See "Security Notes" below)
http://www.otcmarkets.com/stock/SPCL/profile
Market Value $31,414 a/o May 06, 2016
http://www.otcmarkets.com/stock/SPCL/profile