Waiting Patiently to Load My Boat!
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Just a little taste... https://vimeo.com/259062760
One thing I would ask, is...How much of the news from the Big LPs is credible. Most Ive what I have read is just hype and pumping, the only real price relfection is CGC who just got the big payday from Constellation, and even that has a ways to materialize. Tilray is overpriced, along with Aurora and Aphria for the time being, and when the paper trail catches up with them, they should pull back to reflect. How long can Wall St continue to ignore the over inflated PPS that Tilray has? The market sentiment definitely reflects in our favor! It reflected in the $300 PPS that Tilray hit, an indication that the market is ready to invest, even at ridiculous prices! We have plenty of upside, plenty I say!
...and all on real news at facilities that are easy to transistion over to growing cannabis!
I call it like I see it, however I encourage everyone to relay any new activity with WeedMd to share on this page so we can access with full disclosure between ourselves. Smart Minds = Smart Money!
If we had enough activity here, imagine how easy it would be to march this up, Port and Starboard! Not sure of thats even legal or not? Lol, but at these volume levels, ir wouldnt be hard!
Short term 30 Day estimate from these lows says all chart overbought, bear signs can comfortably top off at again at 2.25, short term projections with nothing over dramatic happening in that 30 day time period, possible boost from 3Q, but relatively safe estimate at 2.25 barring none!
Even if he backed it, it would be years for states to set up systems. The only way that works immediately is if online sales to registered patients took place, and still possibly years to see that bloom into a non questionable market.
They have a while before consumables hit the Recreational market in Canada, I believe end of 2019 if my memory serves correct. So no rush, sidelines for the moment!
Not now, I would wait, and watch and see what the product labeling and market distribution look like to analyze how much potential they have and if they sell. I dont see them being a huge profit margin due to drinks and beverages as the market sits in legal states is only a small portion of the pie...flower and oils are the larger money makers!
No mistake, let it ride, Fins will be out next month for 3rd qtr, which will include increased sales and the 10m from Hiku, plus sale of product to the other LPs that bought our product to fill the contracts with provinces they couldnt fill.
4TH qtr will have sales from 2nd and 3rd grows, additional grow space up online, and lots of additional big news.
Ive noticed that most PR's, never meet the date they state, when meeting their intended deadlines, always add a few additional weeks or months depending on the obligation size to buffer any stressors.
With just over 100m shares outstanding, a market value of 1B will put us at $10, given the potential and the up and coming industry, uplisting on OTC, new licenses (have no fear, they will acquire), Beverage coming on line next year with JV that formed CanBev, most strains in industry, 2 facilities producing product...and much more!
Other LPs have hundreds of millions of shares outstanding compared to WeedMD, and Market Valuations in the Multi Billions of Dollars, when we have the best books on Bay Street, low OS, lowest cost per gram of all producers, and new office opens up in Toronto...
2 years from now, WDDMF, will easily cover $10, my estimate with 5x value, puts the stock mid $20 with no dilution.
Fully funded short term future, may see some dilution 12 months from now to fund additional expansions but as it looks now, mininum dilution required when PPS rises to fund any aquisitions or expansions!
Im long WDDMF, all just my honest opinion!
5B market cap like other top LP's puts WeedMD at close to $50.
Give it time, accumulate smartly, and only invest what you can afford to invest to reduce any stress.
Unlike the Dot.com, we have a medical/recreation demand and we are the #9 producer as the industy stands in Canada with real potential to be top 3! (REAL REAL TALK)
Ive done a lot of digging into the company, Perfect Pick Farms is State of The Art, They would not invite the Mayor, Police Chief, Media and Guest to a Scam Op..
Warriors Dig Deep Mother F@#$%rs!
The whole sector has been down the last 10 days...build a portfolio on the sector and watch the industry trend!
Not for shorts or day traders, must hold long at this stage of the industry!
Great chance to load more!
...oh and those pesky license announcements! Lol
One Thing...that keeps us down...
WeedMD doesnt over publicize ventures in foriegn markets that are not legal yet, no flexing the crop and business ventures that other companies seem to do every other day. Which in my opinion saves them from operating expenses in markets that are not profitable yet...and its better to grow at home, and gives Canadians jobs, rather than manage overseas operations that may take years to get off the ground and will eat into the revenues. Market hype hasnt accounted for the cost of those endeavors with other LPs, but in time, it will!
In the mean time, they are focused on what is happening at home! When the time comes, they can ship product overseas if necessary and its less of a hassle, creates jobs at home in canada, and they can watch diligently from the front until the time is right, and not dilute the shareholders by overbudgeting!
WEEDMD - 9th Largest YE capacity of all LP's!
They had informed us that additional outdoor acreage was available, but it appears now they are including that acreage of outdoor space as square ft, and may include it in future PRs vice what they have been mentioning as 560+k, which will open the eyes and ears of several big investors!
Previously they only stated that they had 50 additional acres to grow outdoors, now they have added it as square footage, 2.9 million square feet on their investors fact sheet.
It would appear, that they intend to run the full scale of the operation at Strathroy!
Breakdown of WeedMd Board of Directors
MICHAEL KRAFT -
Mr. Michael P. Kraft Co-founded Lingo Media Corporation on April 11, 1996, has been its President and Chief Executive Officer since April 11, 1996. Mr. Kraft serves as the President of Buckingham Group Ltd. He has been the President of MPK Inc. since 1994 and serves as its Chief Executive Officer. Mr. Kraft co-founded ACC in 1994. He serves as President and Chief Executive Officer of ACC, where he involved in overseeing sales, acquisitions, financing and contract strategy. He is a visionary and entrepreneur with more than 30 years of experience in sales, marketing and corporate management, with a strong record of success in both public and private companies. Mr. Kraft has been involved in the sales promotion marketing industry in Toronto since 1986. He has developed numerous working relationships with clients in the packaged goods, financial services, consumer products, retail petroleum industries, etc., throughout Canada. Mr. Kraft served as the Chief Executive Officer and President of Internet of Things Inc. (also known as HTN Inc.), from March 21, 2012 to August 29, 2015. He served as the Chief Executive Officer, President and Secretary at Fortress Exploration, Inc. since 1997. Mr. Kraft served as the Chief Executive Officer and Secretary of EnglishLingo Inc., a subsidiary of Lingo Media Corporation since June 1999. He co-founded Lingo Media Inc. and served as its Chief Executive Officer and President since April 1996. He served as the President of EnglishLingo Inc. since December 2000. He co-founded Lingo Media Ltd. (formerly, Alpha Corp.) and served as its President and Chief Executive Officer since 1994. Mr. Kraft served as President, Chief Executive Officer and Secretary of AlphaCom Corporation, a subsidiary of Lingo Media Corporation since November 14, 1996. From 1990 to 1993, he served as Vice President of Madison Marketing Ltd. He served as Vice-President of Sales & Marketing at Madison Marketing Ltd. and was involved in the product development process and responsible for Madison's sales and marketing efforts. He developed numerous client relationships and was involved in the sale of in excess of 20 million books through various consumer promotion programs. He has been the Chairman at WeedMD Inc. since April 2017. Mr. Kraft serves as Chairman of Buckingham Group Limited. He has been a Director at Percy Street Capital Corporation since August 24, 2015. He has been an Independent Director of Pioneering Technology Corp. since July 1994. He has been a Director of Canadian Shield Resources Ltd., since July 11, 2007. He has been a Director of HTN Inc. since March 2012. He has been a Director of Lingo Media Corporation since November 14, 1996. He has been a Director of JM Capital II Corp. since January 20, 2012. He serves as a Director of Initial Capital Inc. He served as a Director of Internet of Things Inc. from March 2012 to August 29, 2015. He served as a Director of Grenville Gold Corporation from April 11, 2007 to December 2008. He served as a Director of SouthTech Capital Corporation. Mr. Kraft served as a Director of JM Capital Corp. since June 2006. He served as a Director of Chrome Capital Inc. He served as a Director of Alianza Holdings Ltd (a/k/a : Estrella Gold Corp.) from July 11, 2007 to July 26, 2011. He served as a Director of EnglishLingo Inc. since June 1999 and Lingo Media Ltd. since 1994. He served as a Director of Canadian Shield Resources Ltd. from April 18, 1997 to June 30, 2005 and Fortress Exploration, Inc. since 1997. He serves as Director at BLOCKStrain Technology Corp. Mr. Kraft has a Bachelor of Arts in Economics from York University in Toronto in 1985.
KEITH MERKER -
Mr. Keith Merker has been the Chief Executive Officer of WeedMD Inc. since July 10, 2018 and served as its Chief Financial Officer and Corporate Secretary from April 2017 to July 10, 2018. Mr. Merker has over 15 years of experience working as a Finance Professional, with extensive emphasis on emerging growth public and private companies, corporate finance, accounting, business development, mergers/acquisitions and raising funding in the capital markets. He has been a Director of WeedMD Inc. since April 2017. He serves as a Director of MJ Opportunity Corp since May 8, 2017. He holds the Chartered Financial Analyst designation.
KEVIN MCGOVERN -
Mr. Kevin M. McGovern, J.D., has been Chairman of WeedMD Inc. since January 2018. Mr. McGovern has been the Chairman and Chief Executive Officer at McGovern Capital LLC since January 2002. Mr. McGovern serves as Partner of Beverage Innovations, Inc. He is the Principal at McGovern & Associates and an Operating Executive at TriArtisan Capital Advisors LLC. Mr. McGovern is a Founder and key shareholder in over 20 companies, six of which are the worldwide leaders in theirrespective industry's product categories, including SOBE and TriStrata. Mr. McGovern served as Executive Vice President of Sales & Business Development at YOU Technology Brand Services, Inc. Since January 2007, he has also served as the Chairman and Chief Executive Officer at The Water Initiative, which co-creates customized and sustainable drinking water solutions. He is a rights holder and heads the worldwide licensing program for NeoStrata Inc. Mr. McGovern is a part owner and coordinates the worldwide patent enforcement program for VLIW Technologies LLC. He is a part owner and IP Strategist at Aquea Scientific. In his business activities, he has helped lead many of his Partners and clients to the forefront of their respective industries. Mr. McGovern has been a Principal Negotiator and participant to over 40 strategic alliances, approximately 40 percent of which have been foreign joint ventures. He has been a participant and Head Negotiator in many equity financings and ventures which have raised substantial sums in committed fundings and royalties with venture capital firms as Prudential, First Chicago, Alan Patricof Associates, Warburg Pincus, Medtech and Oxford Partners. Mr. McGovern has been engaged by entrepreneurs and other law firms to help develop and commercialize proprietary concepts and to structure and negotiate venture and acquisition-related transactions. He was one of the three investing Founders of South Beach Beverages. Mr. McGovern serves as Chairman of Board of Directors and Member of Advisory Board of The Water Initiative, Inc. He is the Chairman of Greenwich Alliances and Aquea's Board of Advisor and Co-Chairman for Angstrom Partners LLC and Silver Shield Foundation. Mr. McGovern has been appointed Vice-Chairman of KX's international entity. He has been a Director of Pro Balance, Inc. since February 2014 and ECM Energy Services Inc. since September 2013. In addition, he has been a Director of The Sports Authority, Inc. since 2000. He is a Trustee of Cornell University. He has been a Member of the Board of Trustees since 2001, is a Co-Chairman of Technology, Member of Task Force on Athletics and is a Member of the Board of Directors of the Cornell Research Foundation. Mr. McGovern serves as a Director of New York Business Roundtable Inc and Beverage Innovations, Inc. He was appointed on the Board of the Cornell Hotel School. He has been appointed to serve on the Executive Council for the Cornell Center for Sustainable Global Enterprise at the Cornell Johnson Business School. Mr. McGovern has served on the Cornell University Trustee Council, Administrative Board. He is a Founder and Charter Member of the Cornell Club and a Member of the Cornell Advisory Council. Mr. McGovern serves on the Board of the Fraternity and hosted the President Rawlings' visit to Shanghai in 1998. He has been on the Arts and Sciences Advisory Council from 1995. Mr. McGovern has been a part of the Athletic Advisory Council from 1996. He has also been a part of the Inter Fraternity Council since 2000. Mr. McGovern ranked 1st in participation and 3rd in giving in the 1970 Class 30th Reunion. He has been on the Entrepreneurship and Personal Enterprise Advisory Board since 1994. Mr. McGovern was involved with the University Council from 1995 to 1999, Administrative Board from 1996 to 1998. In 1994, Mr. McGovern established the Kevin McGovern Entrepreneurship and Personal Enterprise Excellence Fund, which provides support for the Dean's Discretionary Funds in the Samuel C. Johnson Graduate School of Management. In November 1998, he established the McGovern Family Cornell Scholarship as part of Scholarship Campaign. Mr. McGovern was a Donor for the EPE Sponsored Scholarship in 1995, Sports Fund Campaign Donor and EPE Fund Campaign Donor. Mr. McGovern also hosted the President Rawlings Golf Outing at Stanwich in 1997, President Rawlings Golf Outing at Hudson National in 1997 and Provost Don and Carol Randel's weekend in Greenwich in 1996. Mr. McGovern is the ALS: Professor Streeter lecturer as well as judge for business plans contest each year. He was also involved with the University Council Weekend, China Update in 1997. He was a Lecturer at Johnson Business School and Speaker and Panelist at Entrepreneurship and Venture Capital Symposium on 2001, 2003, 2004 and 2005, at Johnson Business School for the East Asia Distribution Case Study in 1996 and KX Water Purification case Study in 2004 and 2005. Mr. McGovern was also the luncheon speaker at Cornell Club of Fairfield County, on SoBe and Angel Investing in 2000. He is a Member of the Connecticut, New York and Pennsylvania Bars. Mr. McGovern has spoken around the world at various venture, business and educational meetings regarding capital formation, patent enforcement and maximization of intellectual property value, business alliances and ventures. He is a Fellow of the Foresight Institute. Mr. McGovern is also a Member of the SoBe Slope Day and Cayuga Society. He teaches a course at the Johnson Graduate School of Business at Cornell, entitled Global Innovation and Commercialization. Mr. McGovern was the keynote speaker at the Johnson Graduate School of Management's Entrepreneurship and Venture Capital Symposium and is a frequent lecturer at the school. He was announced as the Cornell “Entrepreneur of the Year” for 2006-2007. Mr. McGovern holds a J.D. from St. John's University School of Law in 1975, an A.B. from Cornell University in 1970 and also studied at the London School of Economics and Political Science.
GAIL PAECH -
Early in her career, Ms. Paech held several senior administrative roles in Nursing and was Director of a Health Care Practice for a global consulting company. Ms Paech served as Associate Deputy Minister of Economic Development and Trade and Assistant Deputy Minister of Health and Long-Term Care in Ontario. In these roles she showed exemplary capacity for strategic leadership and was responsible for implementing several high-profile provincial initiatives. Most recently, she served as Chief Executive Officer of the Ontario Long-Term Care Association where she inspired positive changes through the development of a strategic plan aimed at achieving future growth and sustainability.
Between 1991 and 1998 she was the President and CEO of Toronto East General Hospital. Ms Paech holds a Bachelor of Science in Nursing from the University of Ottawa and a Master of Science in Nursing from the University of Toronto. She has been an Assistant Professor in the Faculties of Nursing and Medicine at the University of Toronto.
RICK MOSCONE -
Experience includes structuring and negotiating securities and commercial transactions in a broad range of industry sectors as described below. In addition to my transactional practice, I have provided general corporate commercial advice to a range of clients on day to day matters impacting their businesses, including acting for start-ups from the formation stage all the way through the development cycle of an emerging growth company.
Selected Recent Experience
- Counsel to CannTrust Holdings Inc. in connection with its $25 million initial public offering and listing on the Canadian Securities Exchange.
- Counsel to ID Watchdog, Inc. in connection with its acquisition by Equifax Inc. (NYSE:EFX) for approximately US$63 million, which was completed by way of a statutory merger under the law of the Cayman Islands.
- Counsel to a confidential client which completed a $10 million royalty/streaming financing with respect to future production of cannabis under the Access to Cannabis for Medical Purposes Regulations (ACMPR).
- Counsel to WeedMD Rx Inc. in connection with a $7.6 million financing and the completion of the qualifying transaction with Aumento Capital V Corporation resulting in a listing on the TSXV as WeedMD Inc.
- Counsel to Breaking Data Corp. (BDC) in respect of its acquisition of GiveMeSport.com and a concurrent $5 million equity financing by BDC.
- Counsel to Pro Gaming League Inc. in connection with combined equity financings of $6 million and the completion of the qualifying transaction with Stratton Capital Corp, resulting in the listing of Millennial Esports Corp. on the TSXV. Millennial Esports Corp. was the first publically traded company in North America focused on the burgeoning business of esports.
- Counsel to Brigus Gold Corp. in connection with its acquisition by Primero Mining Corp. pursuant to a plan of arrangement for aggregate consideration of approximately $310 million (including assumed debt).
MICHAEL PESNER -
Mr. Michael S. Pesner, CPA, CA, has been Independent Director at WeedMD Inc since September 2018. Mr. Pesner, CPA, CA, has been the President and Owner at Hermitage Canada Finance, Inc. since August 2002. Mr. Pesner has considerable experience with financings and financial management, corporate governance, mergers and acquisitions. Previously, Mr. Pesner served as a Senior Partner in Financial Advisory Services at the Montreal offices of KMPG. Mr. Pesner served as Treasurer of San Anton Capital Inc. He served as a Senior Partner in Financial Advisory Services at KPMG LLP, from 1977 to 2003 and Partner with KPMG from 1969 to 2002. From September 2002 to September 2004, he served as the President of Hermitage International Finance Inc. He spent 26 years as a Partner at KPMG and predecessor firms. He has extensive experience in financial advisory services and investment banking, including mergers and acquisitions, restructuring, investigative accounting, divestitures and debt and equity financing. He served as the Chairman of Thorne Ernst & Whinney Inc. He has been Lead Director of Le Chateau Inc. since April 12, 2013. Mr. Pesner serves as a Director of Richmont Mines Inc. Mr. Pesner has been an Independent Director of Le Chateau Inc., since December 2012 and Director of Quest Rare Minerals Ltd., since 2007. He has been an Independent Director at Richmont Mines Inc. since November 1, 2010 and Wi2Wi Corporation since June 20, 2017. He has been a Member of Advisory Board of Lomiko Technologies Inc. since August 2015. He served as a Director of Alexandria Minerals Corporation since October 16, 2013 until February 7, 2017. He has been Director at Smart Employee Benefits Inc., since May 30, 2017. He serves as a Director of Well.ca and David's Tea Inc. He serves as a Director of Unite Capital Corp. He served as Independent Director of Above Security Inc. and previously served as its Director. He serves as Member of Advisory Board at Lomiko Metals Inc. He served as an Independent Director of Nutritional High International Inc. from July 17, 2014 to January 26, 2016. He served as an Independent Director of Wi2Wi Corporation from November 2014 to August 5, 2016. Mr. Pesner served as an Independent Director at Bitumen Capital Inc., from June 5, 2006 to March 9, 2015. He served as a Lead Director of Prestige Telecom, Inc. from April 2011 to May 25, 2011 and its Director from November 2006 to May 30, 2011. He served as a Director of The Mint Corporation (formerly, Mint Technology Corp.), from February 29, 2008 to September 26, 2013. He served as an Independent Director of Canamex Resources Corp. from December 17, 2014 to January 22, 2016. He served as an Independent Director at Hitachi Systems Security Inc. He served as a Director of Sand Technology Inc., since January 2010 and San Anton Capital Inc. since June 15, 2005. He served as a Director of Peat Marwick Thorne and BrightPath Early Learning Inc. (formerly, Edleun Group Inc.). He served as a Director of Liquid Nutrition Group Inc. from December 2013 to June 03, 2015. He is a Chartered Professional Accountant, a licensed Trustee in Bankruptcy and a Certified Insolvency and Restructuring Professional. Mr. Pesner holds a Bachelor of Commerce Degree in Finance and Administration from the McGill University and Bachelor of Arts Degree from Sir George Williams University.
LOOK AT THIS TEAM, BEST TEAM IN THE INDUSTRY!!!!
New Investor Fact Sheet on website declares 2.2m sqft of outdoor grow space for total of 2.9m sqft.
https://www.weedmd.com/investor-presentation/
I would speculate that it is of the utmost importance to get that up and running by spring for fall harvest 2019! Outdoor grow will be photoperiod crops and not autoflower as they grow indoors over a 3 month window. Outdoor grows take much longer, unless they plan to use autoflower outdoors as well.
True Indeed...
Looks like they are going after Aphria.
How Long Before The Shelves Are Empty, and No Product?
6 Days and a Wake Up!!!!
Lol...I'd like to take all the shares! Lol, Majority Owner, DevilDolphin! ????
32k share hit the buy...let me see the squeeze!!!
They need to get the additional licenses for grow space still...Everyone is waiting!
We hit bottom BB, over sold, time for money to roll in w OTC listing!
New Video?? Didnt see this one yet...opinions?
Ahhh...thats right! #Canada
Agreed...and whats even worse, is the poor bastard that placed that order!
Would guess they are done with impending rec-day coming, I would be on sidelines if I was working the short side. Low Volume to start the day...could use some news right about now!
...and 300 shares later back to 1.60 lol
Open @ 1.69 Nice
Damn I hate Cellphone Typos!!! Lol
WARRIOR DID DEEP MOTHER F$@&×R
Entire sector took a hit, believe its due to so many other LPs being over-priced. Definitely worth holding long though, WeedMd has plenty of upside to it, unlike other players.
Even if WMD only dold 1000kgs at $8 a gram we pulled $8million...what ever the dollar cost was equates to $1million in profit, no middle man, and top dollar. Wonder if we see that in next months 3Q when its released? Add in the $10million from Canopy for Hiku, and additional sales, we should lead the sector on earnings the 3rd Qtr!
Other producers buying product to fulfill Provincial obligations from WMD and other smaller producers!
Still waiting on those licenses from Health Canada! We need thise licenses to get that PPS up to $3.
We should see some gains here this next week, consolidation shoukd be closing out, next run soon. 3+ weeks after 86%gains should be over, typically look for 3-4 weeks consolidation....Get Ready!!
What I Love About This Company, No Risk! I Can Clearly Do The Math And See The Gains, Unlike some of the other LP's That Have So Much Spread Out Over The Course of 12 months In Investments and Expenses, and We Are Sitting Comfortably With No Real Risk On Returns, And No Negation on Earnings!
You and me both!