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2019 Cannabis Law Institute: Main Conference Tickets
10:20 am - 11:20 am
Plenary Panel: The Needs of In-House Counsel
Listen in as we have a conversation with the most influential Cannabis GCs in the industry - learn what it takes to become a GC of the largest companies in cannabis, and what they are looking for from their outside counsel. In-house lawyers are lawyers first, but they are also constantly the intermediary between their management - often concerned primarily with market positioning and expansion, and outside counsel. Learn what in-house counsel finds most valuable in outside counsel from responsiveness and concrete legal answers to simply thoughtful consideration of the issues presented and possible ways forward. Take these lessons to help you win business and keep your largest clients happy.
Joseph Segilia, General Counsel, Terra Tech Corp
Jillian Swainson, General Counsel, Aurora Cannabis
Jim Doherty, General Counsel, Acreage Holdings
Erin Alexander, Associate General Counsel, Cresco Labs
Krystal Saab, General Counsel, The+Source
Gavin Kogan, Grupo Flor
https://www.canbar.org/2019-cannabis-law-institute-main-conference-tickets#!event-register/2019/10/4/cannabis-law-institute-main-conference-ticket
My buy back was in the .38-.39's. What has changed since we brought TRTC?
Nothing!
There is some recovery happening in the MJ industry stocks but it is sporadic and often what stock goes up one day goes down the next.
The same issues the industry had in 2016 are the same issues we have today - for every MJ company.
Some folks on this board want to make investors think things are getting worse, the sky is falling. In fact, things are the same as the day we brought back in. Nothing has changed much. What has changed is slight and positive.
We have had one 10q that showed progress. We have a stock buy back announced and all the insider trading this year has been purchases. Not one sale.
We have the prospects of the banking laws changing and we have marijuana reform bills sitting on McConnell's desk.
Those are facts and they were the facts and they will be the facts tomorrow.
I try to classify events into temporary and permanent events as they happen and I trade on the temporary events like the announcement of a buy back.
The announcement of a banking law will probably be a temporary event since most of these companies have a work around by now, in most cases so it will be great but the effect will be a pop in the price and a drop back to a floor.
Permanent events that effect the value of TRTC are 2020 or later in my opinion unless McConnell changes from a frog to a prince.
Still, if you are worried about your money then it's money you should not risk.
Good luck.
Not really. California's problem is the same as all states. The federal government has been a do nothing institution since 2014 and has left the management of the marijuana sector to a hodgepodge of states who try but have no idea if what they are enacting will be the law tomorrow or be usurped by the federal government. The states don't have the scientists , legal teams or enforcement personnel to do the job in many cases. Some states are remaining illegal because of their inability to deal with the process of legalizing a federally illegal drug.
Why don't MJ companies make profits? Dilution, poor choices to obtain capital, and uncertainty.
By uncertainty I mean that the sector initially believed the race to the top was a 100 yard dash but in reality it's turned into a marathon so all the companies have been having piss poor quarters because the debt load of all the quick growth is coming home to roost. Derek and many other CEOs are chasing the fixes to these problems which involves increasing margins, smarter growth, and the implementation of lean principles.
280E effects both state and federal taxes but it does hit the federal taxes principally and the state only because what you report at the federal level directly effects your reporting at the state level. Some folks don't believe 280E has any effect which is totally insane. Here is a great article of the gyrations these companies have to go through.
https://www.forbes.com/sites/theyec/2018/07/24/what-cannabis-entrepreneurs-should-know-about-tax-section-280e/#7a716e727377
They do for internal use. No corporation puts their individual metrics on their 10q's. We are lucky to have it broken down by revenue stream.
The only reason we see those numbers at all on any stock is from the analysts each of the stocks on the big boards have reporting on their progress down to the individual divisions and in some instances down to the factory on the larger corporations. Unless the news is great and they release an 8k
I don't think there is one penny stock that has dedicated analysts reporting on their progress.
Considering they used 2 billion in shares to pay for expenses in the period of April - June of 2019. Even 6 billion will not sufficient - hence the RS - like the one in 2016 will be coming. Not all RS's are bad. But considering LIBE generates no revenues it will be devastating for LIBE holders.
In a better world LIBE would not be able to sell one share.
On December 26, 2018 the Company filed an amendment with the Secretary of State of Nevada increasing the authorized shares to 6,000,000,000 from 2,000,000,000 shares of common stock with a par value of $0.001. The authorized shares of preferred shares remained at 10,000,000 with a par value of $0.001
The Company has current assets of $4,037 Don't bother buying stock. Send your money straight to the CEO, these boys are about to have their power turned off.
During the nine months ended June 30, 2019 the Company issued 2,849,757,719 shares of common stock with a value of $219,055 for convertible debt and accrued interest.
The Company has current assets of $4,037 and current liabilities of $795,828 resulting in negative working capital of $791,791.
During the three and nine months periods ended June 30, 2019 and 2018 the Company had no revenue.
LIBERATED SOLUTIONS, INC Financials from 10q on June 2019
Cash $4,037.00 basically enough to buy a 2010 car and become a Uber driver.
Outstanding shares has gone from 253 million to 3.1 billion in one year.
There has been no reported revenues yet they declared 130,386 dollars in SAG(Selling, general and administration expenses.
That is hilarious.
12 Marijuana Stocks to Buy Now in 2019
Posted on Friday, October 4th, 2019 by MarketBeat Staff
#3 - Terra Tech (OTCMKTS:TRTC)
https://www.marketbeat.com/slideshows/marijuana-stocks-to-buy-now/
Smoke and mirrors. This should be illegal.
LIBE is being pumped.
The spread between the Buy and the Ask is how your main pumper is making his money.
The pump will throw all kinds of amazingly positive events that are just around the corner.
Purchasing LIBE triggers the pumps sell if he can get enough buyers for his sale. That is how you get the wild swings you folks are seeing.
Don't buy at the Ask. Instead just send your money to LIBE's pump and save the commissions.
Public Cannabis Company Revenue & Income Tracker
Good Source.
And if anyone is wondering, most of the sector is making the same move up today.
The largest movers seem to be CBD related.
If anyone thinks any of the top tier MJ stocks are not effected by the Governments, state and federal, I suggest you get a decent platform to follow the entire sector and see how ridiculous it is to think TRTC is all alone in any category.
Nine Point Restructuring Plan from the 2nd Quarter conference call transcript.
1. Increasing gross margin to a minimum of 45%.
2. Meaningful EBITDA improvement over the course of the year.
3. Get the company to a $63.3 million run rate sometime in the fourth quarter of 2019.
4. Mitigate and reduce and exit ceasing the access to the capital markets.
5. Streamlining operations and headcounts to mitigate operational burn.
6. Enhancing corporate governance.
7. Better stockholder communication.
8. Launching a branded delivery service.
9. Establishing pop-up retail experiences.
Hit the Social media and ask for an update to the restructuring plan. Email or call the company or tweet or use FB and help DErek deliver on #7 'Better stockholder Communications'
https://seekingalpha.com/article/4283596-terra-tech-corp-trtc-ceo-derek-peterson-q2-2019-results-earnings-call-transcript
Agree. A.I. will be a universe changing event. The reason why they are going so slowly, in my mind, is they are still trying to figure out what to do with the displaced workers which will eventually be 99% of all folks.
It scares the hell out of the 1%. They would lose their main hold on their populations - a job. That and the only source of income would be bartering and/or the government.
Cool. Maybe when A.I. gets going the first jobs lost should be doctors and lawyers.
Yes, Good Point.
They apparently did not have the bucks to pay 10 Million and was going to pay 7.2 million and finance the rest at 5% interest with TRTC.
Sounds like their eyes were bigger than their wallets.
They know the population of day traders and traders in general make up the entire investment base in the OTC. To big a lose, I guess.
Wonder if the others did the same?
There was a good article out this morning on CBD about the spread of the benefits of CBD. Amazing lots of doctors would rather push a pill than use CBD, Diet or other natural means to remedy inflammation. After getting rid of diabetes with Keto I am convinced natural is the way to go. My wife uses CBD. At first I thought she likes it because she cons me into a back rub but I used some on a knee and I was amazed at how well it eliminated the pain.
Most every stock made a climb today. Some over 10% - good day.
I was thinking when I saw the article I should put some money back into CVSI but time slipped away today. Had to go look at some land full of deer. No choice there.
Yes, unfortunately. I saw that right after I posted. Exchange traded stocks only. OTC is not an exchange. It is a gaggle. Which makes us geese.
Substitute most pot stocks and it would be just as stupid.
HEXO 3.62 Fire the CEO
GRWG 3.99 Fire the CEO
CRLBF 5.45 Fire the CEO
TLRY 23.14 Fire the CEO
ACB 3.99 Fire the CEO
PLNHF 1.58 Fire the CEO
GGBXF .90 Fire the CEO
CURLF 5.35 Fire the CEO
ACRGF 7.04 Fire the CEO
MMNFF 1.37 Fire the CEO
CRON 8.78 Fire the CEO
VFRMD 3.04 Fire the CEO
CGC 21.42 Fire the CEO
CWBHF 12.30 Fire the CEO
What a laugh. The entire sector is down again.
TDA and many other brokers are going to a 0 dollar commission Thursday. That would put a wrench in the stock market - especially low price stocks among the folks who buy odd lots or small amounts.
Incidentally, shares brought before Derek was born are up infinitely.
It was settled - Settlements are not forced. They are settled. That With EG the VV's had to relinquish all their shares. They had several million.
The problem is you folks live in a world called Donniland where lies fly and truth dies. What a laugh. Tell me a bedtime story about Derek and Amy, it's so funny.
"I worked on them during my time in the Army, but boy do they need maintenance."
I know, I was a Maintenance test pilot for those AC. The problem was that the General in charge of the project was told by congress to either buy them 'as is' or wait for the next AC coming down the pike. So when I saw them in 1986 they had hundreds of Engineering change proposals on their -14's. We had to not only repair them - we had to build them. Thank God Desert Storm turned out to be nothing but a foot race.
If I was pressed I's have to say I always like to fly the Cobra a lot more. The old AH-1G's were so much fun and flying them was the reason I stayed in after Vietnam. AH-64's were the reason I retired after Desert Storm.
Thanks for your service - good luck with your investing - we all need it this month.
The entire industry is down again. ACB is below 4 bucks, CVSI is less than 2 bucks. Amazing drops in most of them. Medmen use to hold around 2.25-2.50 Today it's 1.39 - amazing. Could be shorts betting the banking bull won't pass the Senate. Could be folks tired of the lack of any movement to make the plant legal. It's been years - I can see that.
Conference call. Hope this helps. None of the below has been sold as far as i know.
1. Las Vegas, jumping over to Nevada for a little bit. We have that 4th Street building; we worked very diligently to get a cannabis permit at that location. The gaming corridor was pretty against it at the end of the day and so rather than fighting that behemoth, we decided to pivot a little bit, we're converting that retail location over to a CBD only store.
That location, if you want to look it up on Google Maps is 121 North 4th Street. It's about as close as we can get to the Fremont Street Experience; it's just adjacent to the White Castle burger, unbelievable amount of foot traffic in that area, for those of you that don't know the downtown Las Vegas.
The CBD store is expected to open by the end of the year.
2 Cultivation and extraction in the Reno, Washoe County area, full bore as well. We're now starting to see some upticks as we pull product down. We're getting better yields than expected out of our LED 30,000 square foot cultivation facility, and now we're starting to get some traction on the production of oils in the wholesale marketplace as well.
3 But coupled with that, we have the Hague and Burger cultivation that should be coming online in the not too distant future that will contribute not only to topline revenue, but gross margin enhancement coupled with EBITDA movement as well. So, great traction on the cultivation front and we're excited about announcing the opening of the Hague and Burger location in the not too distant future as well.
SALES
1. Terra Tech Corp. Announces Sale of its Blum Reno Retail Assets for $15 Million
August 19, 2019
2. Terra Tech Corp Announces Sale of Blüm Desert Inn Retail Dispensary for $10 Million
May 9, 2019
3. Terra Tech Corp. Completes Sale of Western Avenue, Nevada Retail Dispensary for $6.25 million
Oct 23, 2018
It's what this party does. Unregulated capitalism is the path to an oligarchy. What's funny is how the poor and middle class of that party think a 2% tax on billionaires will hurt them.
Make them shut down their businesses, run away to Australia and live on the beach.
IGNO + RANT - Heck they did not know the Affordable Care Act was Obamacare. And pitched a fit because an uppity black man was gonna get them with those Obama death panels. The dummies don't understand the Koch brothers are the death panel. They want all government systems shut down. Social Security Medicare, VA, all privatized or shutdown.
It's why one party can get their members to vote against their own interests. IGNO + RANCE. The other party has those dirty rotten eites like college professors, trial lawyers, and those satanic scientists and nobody can not tell them even white lies without getting caught.
I think it's a hoot. The racists and the holy rollers all together in unity of their hatred of a half white, half black president who did much, much more than his bookends.
Sure has been an eye opening experience these last ten+ years.
Never thought we could move backward that fast.
How the F' did my white brothers and sisters get so scared shitless. Hell they are about ready to start a civil war and get their asses kicked again.
Maybe that is the solution. If it started that way, I wish I was still flying AH-64'S. A 30MM cannon, 2.75 FFARs and eight hellfire missiles could be one heck of a herd thinning experience for some.
All wording for the TRTC share buy back is the same language that Microsoft Corp used on Sep 19 2019 to announce it's share buy back.
Any two bit crappy auditor would know that.
Every company with the exception of the pink sheet that are not QX or QB file standard SEC forms with cookie cutter language to maintain the required standards for the intent of all their filings. Only really stupid folks would not know that or mental types who need these boards as their only social outlet and misrepresent to get a response.
Heck even LIBE and other pump and dump plays at least try to follow the wording in filings.
(Reuters) - Microsoft Corp (MSFT.O) said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend.
The company’s shares rose 1.3% to $140.35 in after-market trading.
Microsoft, which said it would hold its annual shareholders meeting on Dec. 4, also declared a quarterly dividend of 51 cents per share, 11% higher than the preceding quarter.
The repurchase program, which has no expiration date, may be terminated at any time.
The Redmond, Washington-based company returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2019.
You should call the SEC. No company can not officially(8k) say they are doing a buy back and they not do it. It's fraud.
Keep in mind if you do and it's found to be frivolous you can be made to pay for the governments time.
Of course you will not do it because its a bald faced lie.
WOW! 2500 dollars, you are such a large investor. Gee mister mag, tell me again how a company can have SAG and losses both around 130 thousand and have yet you say has 14 million in revenues?
I have to say, after looking at the charts and reading the last 10q, you and LIBE make a perfect couple. One question, who is pump and who is dump in this relationship?
Most stocks started off the week with large sales in the first hour.
TRTC is in the middle of the pack - no better, no worse.
It just never ceases to amaze me the incompetence on display in our federal, state and local governments. Jobs and revenues are being let go every day they listen to stupid.
I guess they reflect the times when science takes a backseat to feelings, conspiracy theories, and flat out lies while critical thinking all but disappears.
Terra Tech's shorting may be the same type and motive of the shorting of Tesla. Tesla is constantly being shorted by Oil interests who want to delay electric cars. Terra Tech is being shorted by the Wall Street financiers involved with the Canadian firms they have large interests in.
Another reason to end shorts.
Overlay the TRTC chart over the Curaleaf chart for today and you see the same pattern.
S4B's would say it's suggested.
What a laugh - it's suggested like gravity, climate change, and relativity.