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Imagine when BarX harvests 60 acres at 4000lbs per acre. That will give them about 100M revs (minus their 50% cut with Green Matter). This will happen within two years.
Now add in Bophelo, Ukiah, MDT, Kushbar, Evans Creek, ANM, Cathedral City, NOHO, C&B, and the 4 or 5 others they own that I forgot to mention. Do you think this won't go past .50, even with the dilution? I think it will.
If you want to buy a .05 stock that could be over $1.00 in a few years, then you buy now. Honestly. Look at the acquisitions. Focus on the ones we know will make money. Is $500M/yr revs in 3 years unreasonable from those alone? No, it is not.
Net cash inflow $151,903 from operations. This is a positive number, and an overall positive report. Improvements in every category.
From Sedar today:
He's running out of time. Something needs to happen before the end of the year or me and probably everyone else will throw in the towel who hasn't already. I still think the plan is valid and in action, given the recent A/S increase and restricted share increase. Could get interesting really soon. Or not.
Or you could mention that they are up 30% over q3, achieved 890K positive EBITDA with net cash flow from sales, while cutting admin expenses by half.
This was a great earnings.
OK, do you know how a reverse takeover works? There is a period of time where the incoming company has control, but has not completed the audits and financials to provide shareholders an updated financial picture. That process can take anywhere from 3 to 18 months. In the meantime, they have to keep reporting quarterly, so those reports are of the previous company, which is no longer relevant.
Those zeros are completely and totally irrelevant to what is, in fact, a fully functioning company. We will get the updated info in time. It's a process.
That probably depends on if they plan on uplisting in the future. Not much reason to do so otherwise. But, considering that Doki's other company Futuris split with a far lower OS, who knows? I wouldn't be opposed.
Yes, there is evidence of something different from the last 10 years if you look past the reported shell company assets.
1. There has been a change of ownership.
2. The new owner has stated he has acquired two new assets (not yet reported), in the form of the companies Obocon and Anthea.
3. Anthea has been project to have 25-30M/yr revs next year.
4. This newly formed company's goal is to acquire more assets through share-based acquisition.
This is all published info found in the same place that you read the annual report.
That's not what I said. Restricted shares were increased, not decreased. They were added from the A/S. The float is unchanged.
Couple this event with what we know - The binding LOIs will be paid for with restricted shares, and the AS was increased to 750M not long ago to accommodate the acquisitions - creates an interesting picture of what's happening. Putting the pieces together tells you GRNF is very close to owning assets. As was the plan since day one. No deviation.
OS increased 29M, all restricted. Unless there's another reason for this I can't think of, I take that to mean we've closed or about to close an acquisition. Just waiting on the announcement.
That's a pretty dishonest analysis. You don't think the companies they bought - Bophelo, BarX, Ukiah - will generate substantial and meaningful revenue? Ridiculous.
I don't think there's a single person that believed $500/share was ever possible. Including the person promoting that. So why do we use that to imply there's nothing here at all? If you can filter out the hyperbole from both sides then you see there's probably some valuable companies coming in. Certainly some non-zero revenue entities.
If the issue that upsets most of us is the time it's taking to close anything, then you have to decide will they ever close these LOIs and become an operational company, or will GRNF go defunct? I say they will close.
There's no indication a single thing has changed as far as JC's intentions with GRNF. Not a single withdrawal of the 11 LOIs. Still SEC reporting on time. It's just a waiting game, as always. Sometimes patience pays off.
Or we may all lose our shirts. I know as much that's going on as anyone else. And all I can say for certain is that nothing's certain. lol
And announcing the purchase did what for the stock? It crashed the price 30%, if I remember. He's hardly using that to prop up the stock. Quite the opposite.
Nobody gives a shit about the drones.
I'm not aware he's owned other tickers previously to GRNF. Did I miss something?
If you're talking about buying/selling stocks on the market, you can point to half the people on any message board that have done the same or worse than JC.
What's the scam? Has JC sold any shares? One single share? Not to my knowledge. It appears from public info that he's actually lost a little on this deal so far from the loans he gave GRNF. Do you have info that suggests he's made a single dollar from acquiring the shell? Anything at all?
That's probably right. lol
Really? Would love to hear more about how you know others who are in JC's circle.
So far they've reached binding agreements with Pacific Merchant Processing, Microcap Advisors, SMLY, and Sunshine Hemp. We should see some material definitive agreements on those in the next few days or weeks, and some more binding LOIs on the others.
You can't force these guys to move on your timeline. It just leads to frustration. Eventually, they will become a functioning public company. Your profits are proportional to your patience in this instance.
JC is not selling any shares. Let's make that clear.
So, if it's the DCGD guys, then who cares? Can you reasonably expect them to not be able to sell any of their restricted shares, ever? The reason for restricting those shares died when they sold the company.
Hard to read anything in to it. These are trades that are reported after hours. They could be a cumulative number with an average price of the day's activity from the market maker, or a single lot. No way to tell. MMs aren't required to report real-time, just same day. There are no after hours trades.
I think Cann might say they've given them some revenue. That's at least one. lol
What do you think of the pending assets of GRNF? We know about the shell company they bought. That's old news.
What does the previous owners comments on restricted shares have to do with the current situation? None. It's irrelevant. Those share retained from DCGD will become unrestricted in tranches over time. Big deal.
They haven't even closed anything yet. Relax. Consider the opportunity potential ahead of us before you consider the risk of the present, undetermined shell status of GRNF.
And how has that happened thus far? Anything you can point to? Of course not. Legit companies don't do that.
No evidence of that whatsoever. JC has not sold any shares and cannot until 12 months after shell status is removed. Plenty of opportunity to make money here at this share price.
And what other purpose is there for a company to go public than to use shareholder equity to grow their business? It's the sole purpose of the stock market.
That is a pessimistic evaluation. In regards to US cannabis stocks specifically, that by law cannot list on the big boards, it loses all meaning when referring to 'OTC stocks'. They are all OTC stocks. Even the 2-3 billion dollar market cap ones.
You'll have to wait for official numbers like the rest of us. :)
What hype? The companies GRN own are real. Some have proven revenue, some have substantial estimated revenue, some have no revenue, but potential. JC didn't just invent these companies. They are not empty shells. He and his GRN Funds investors bought them. Why did they do that? And why would they want to take the GRN Funds concept public? More liquidity to purchase additional assets. Which means more potential value for shareholders.
It was always hyperbole. Why anyone thought that was serious is beyond me. Now, $2-3 after dilution could be a real thing. Might see a spike well beyond that after the first closing. Get ready.
No one here knows anything definitive about what's happening with the company other than what has been released and/or filed by GRNF. All else is pure guesswork. And mostly inaccurate or baseless, IMO.
I think we're going to see some big positive activity before the end of the month. That's why I'm buying the lows.
I bought another 2k today.
I wouldn't say I'm going completely down. I sold half this summer for a small loss. The rest I'm content to see what happens. I still think this will be profitable. Though I'm not holding through $2.00 again like last year. That was a mistake I learned from.
All the GRNF deals are still intact and pending. None cancelled. The A/S is being updated to accommodate the acquisitions. Why would anyone sell now? Might as well see it through. It's obvious we're pretty close to getting some of these done.
I'm prepared to lose it all if it comes to it. Always have been. The probability of that is not zero, but it's not nearly as high a some go on about either. I know what I own.