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Holy Crap! First I've heard of this "Herbi" site -
http://www.getherbi.com/.
It looks like it is set up to start running in California almost immediately. Great find and I hope they put out a news release on it early next week. I'm thinking some big buy orders start popping up for Agritek stock by this afternoon.
"© 2017 Herbi Delivery, Inc. is a subsidiary of Agritek Holdings, Inc."
Very nice shakeout. We started Weds. morning around .032 and end Thurs. night over .035. Almost 50 million shares today went from weak holders to stronger holders. We needed this as we went from the low .01's to almost .05 without a consolidation phase. Big buying starts coming in by tomorrow afternoon before next week's green rush.
Good for you mojo - Wish I was as gutsy. We've been here a long time already but I don't want to be left out of this stock in January. It will run at some point but we don't know when. It could happen at any point after the markets open next week. It could be days, weeks, or months yet but it will run at some point. Good luck getting back in.
I guess we close at .042 - ha. I would take that on heavy volume. We need a consolidation day to set things up. It wouldn't surprise me to see some major players start to take positions around tomorrow afternoon before the 3 day weekend. The vast majority of stock investors have stayed away from marijuana stocks because of Jeff Sessions and federal policy. When they see these mj stocks start to jump next week, they will want in. Hottest sector for 2018 will be marijuana with California and Canada legalizing.
Be careful! These market makers will attempt to take it down today and tomorrow to grab cheap shares that get scared out. They know it will be way up next week.
Good article...thanks for posting. There will be some big time consolidation and takeovers of marijuana companies in the next year or two. Big drug and alcohol firms will want their chunk of the pie as billions flow into the marijuana industry.
3 day holiday weekend coming up. Markets reopen on Tuesday Jan 2nd....same day as California legalizes marijuana. California will be plastered all over the news Tuesday afternoon and evening and bring in hoards of new investors over the next month. I would not be surprised to see Agritek gap up big time at the open some day next week (I'm guessing Weds or Thurs morning).
CBS has already started coverage of California -
https://www.cbsnews.com/news/california-recreational-marijuana-legalization-in-2018/
Tuesday evening prime time coverage -
CNBC PRESENTS A SPECIAL EPISODE ‘THE PROFIT IN MARIJUANA COUNTRY’ ON TUESDAY, JANUARY 2 AT 10PM ET/PT
About an hour ago I looked at level 2 and saw almost 3 million shares asking .04 - I said to myself "Oh man...I wonder how many shareholders put in those orders and forgot they did". When this thing starts it's big run (it hasn't yet), those shareholders will look in their accounts thinking they hold Agritek well into the double digits only to find out they were sold out at 4 pennies.
Every round number on the way up will have a ton of sell orders to work through until we clear 7 cents (old high). Then it's clear sailing. At that point, the real run starts.
I also can't help wondering what investor or institution would invest $1 MILLION dollars here without doing a bunch of research. They had to conclude that Agritek's business model, land and property holdings were legit.
To repeat myself - This stock has NOT begun a run yet. The last run was almost 5 years ago and ran to almost a dollar very quickly. Pull up a 5 year chart (5Y) to the right and see how quickly Agritek ran from about where it is now to almost $1.00.
There is a news story out this morning on how California dispensaries are expecting long lines on Jan 1st. I would expect this California legalizing marijuana event to be one of the top news stories that day on all the major TV networks. There will be a whole influx of new investors looking at marijuana stocks in the first few months of 2018 and beyond.
Once the whole nation of Canada legalizes marijuana in July 2018, another influx of new investors will emerge. That's why a number of new marijuana stock funds and ETFs will become popular in 2018 and beyond. Many of these new investors would rather hold a batch of marijuana stocks rather than put all their eggs in one basket. If Agritek can come through on their business model, their stock should be included in many of these new marijuana funds in the coming months and years.
I found this "New To The Street" news article today -
http://www.military-technologies.net/2017/12/22/agritek-holdings-inc-agtk-otcqb-ldquonew-to-the-streetrdquo-proudly-announces-its-upcoming-telecast-on-fox-business-saturday-december-23-2017-3pm-est/
It tells of its 2018 Upcoming Broadcasts and mentions Agritek being back throughout the 2018 season. What I was unaware of is Agritek's CEO stating he will be updating on Bloomberg Television also. First I heard of this (unless I missed it). Another positive step in 2018 for Agritek if this materializes. From the article -
"Starting in January 2018, “New to The Street” broadcasts new and upcoming multi-client series.
Agritek Holdings Inc. will be back in the studio and on the show throughout the 2018 televised season, keeping viewers informed on its expanding business.
B. Michael Friedman, CEO of Agritek Holdings, Inc. stated, “We are extremely pleased and consider it a great honor to have been invited back to ‘New to The Street.’ My cannabis sector update on FOX Business News and Bloomberg Television should inform shareholders, investors, and others on our progress as we move into 2018.”
Presently, Agritek Holdings continues to expand and build-out its land interests in Colorado, California, Canada, Washington State and Puerto Rico. The have accelerated the distribution of its brands “California Premiums,” “MD Strips,” and “Stoney Island Pizza”within California under the new recreational legislation for 2018."
I posted this the other day but I'll put it up again for any new investors looking at Agritek today -
Great news out Dec 21st and the news release from Dec. 14th -
http://ir.agritekholdings.com/news/agritek-holdings-inc-announces-deal-with-institutional-investor-to-eliminate-existing-toxic-convertible-debt-of-approximately-700-000-and-provide-favorable-capital-infusion-4820243
takes on added importance now. Since this Dec 14th news release, Agritek has risen about 50% so something is happening under the radar. A few highlights in case this release was forgotten -
1 - "announced that the Company in an effort to stop dilution of its common stock and stabilize the AGTK share price is now completing a deal with an institutional investor to soon begin paying off close to $700,000 in toxic debt to the Company’s various convertible note-holders."
2 - “The tremendous reduction of troubling convertible toxic-type debt from our balance sheet has always been of major importance to strengthen the value of our company and its balance sheet. The buyout plan of our current toxic, convertible debt which has put extreme pressure on our common stock price through conversions of millions of shares at a discount has already affected our marketplace favorably through our recent upward trend.
3 - future capital investments by the same financial partner under more favorable terms now being negotiated, will allow Agritek Holdings to grow through our increase in common stock price and expand revenue streams through immediate opportunities and acquisitions of real estate and brands within the cannabis sector.“ ...... NOTE "now being negotiated"
4 -We are extremely pleased with this new financing partner, and believe the elimination of existing convertible notes of almost $1,000,000 will be beneficial to the Company, its shareholders and investors almost immediately. The terms of our new funding plan over the next year is intended to send a message to the market that Agritek Holdings will soon be fiscally strong and ready for an acceleration within the sector as California turns recreational in 2018 as well as Canada’s move to decriminalize in the coming months, both jurisdictions where we plan to have a strong presence. ..... NOTE "over the next year"
5 - We remain committed and are presently evaluating several acquisitions to bring into our holdings for benefit of not only for Agritek Holdings and our shareholders, but also to those in the cannabis industry which desperately needs innovative solutions to meet patient care and consumer demand through compliance, consistency of brands and technology.” further stated Friedman.
...... NOTE "presently evaluating several acquisitions (plural)"
CNBC PRESENTS A SPECIAL EPISODE ‘THE PROFIT IN MARIJUANA COUNTRY’ ON TUESDAY, JANUARY 2 AT 10PM ET/PT
Prime time coverage of California legalizing marijuana. Sure to bring additional interest to marijuana stocks on Jan. 3rd and beyond.
There will be many marijuana ETF's springing up in 2018 and many mj stocks will benefit. This is the next major boost in the sector. Just don't expect a switch to turn on when California legalizes marijuana on Jan 1st. It's going to take awhile for all counties and cities to get "rolling". I've said right along that this will be a couple quarters before revenue starts flowing here for Agritek. That said, I expect the big run to take place well before revenue begins showing up.
Goodbuddy - Took awhile to find as it was buried in another news release a few months ago. This ETF should start trading soon - Here you go -
"With these recently announced cultivation property acquisitions in Colorado and a new manufacturing agreement being completed for California, Agritek Holdings has been informed that the Company has been added as one of the first recognized public cannabis companies to the new regulated cannabis exchange traded fund (ETF) now seeking registration.
ETF Managers Group, based in Summit, New Jersey, has filed an initial registration statement for what could be the first cannabis exchange-traded fund (ETF), the Emerging AgroSphere ETF. The proposed fund will be focused on medical cannabis and will not invest in any companies that are focused on serving the non-medical marijuana market in the United States, Canada or any other country unless and until such time as the production and sale of non-medical marijuana becomes legal in the United States, Canada or such other country, respectively.
The fund will replicate an index created by BE Asset Management to "track the performance of the exchange-listed common stock (or corresponding American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs")) of companies across the globe that (i) engage in lawful medical research intended to lead to the production of government approved prescription drugs which utilize natural or synthetic versions of the cannabidiol CBD and other cannabis based extracts, (ii) are involved in the production or sale of products which are legal derivatives of industrial hemp, or (iii) are involved in the supply chain of either category of company."
Marijuana ETF's (Exchange traded funds) are the next big wave coming in 2018. Funds that hold a basket of marijuana stocks will become hot items.
There is one that is presently seeking registration that hasn't begun to trade yet. Agritek released some news a while back saying that it (Agritek) will be one of the marijuana stocks that will be part of the fund. Once that ETF is eligible to trade, they will need to buy millions of shares (if we are still trading around 3 cents). I'll try to find that information and post it.
Merry Christmas all -
We have a ton of momentum heading into 2018 besides California and Canada. New York State would be huge -
https://www.marijuanamoment.net/state-lawmakers-already-filing-marijuana-bills-2018/ going into 2018
More good news heading into next week -
Rohrabacher amendment extended in this budget bill passed last night. Prohibits Sessions from using federal funds to go after marijuana.
http://www.thecannabist.co/2017/12/22/federal-budget-medical-marijuana-rohrabacher-blumenauer-extended/95178/
More coverage on Agritek this morning -
http://mmjreporter.com/agritek-holdings-inc-otcmktsagtk-reports-deal-with-institutional-investor-33492.html
Great news out today and the news release from last week (Dec. 14th) -
http://ir.agritekholdings.com/news/agritek-holdings-inc-announces-deal-with-institutional-investor-to-eliminate-existing-toxic-convertible-debt-of-approximately-700-000-and-provide-favorable-capital-infusion-4820243
takes on added importance now. Since this Dec 14th news release, Agritek has risen about 50% so something is happening under the radar. A few highlights in case this release was forgotten -
1 - "announced that the Company in an effort to stop dilution of its common stock and stabilize the AGTK share price is now completing a deal with an institutional investor to soon begin paying off close to $700,000 in toxic debt to the Company’s various convertible note-holders."
2 - “The tremendous reduction of troubling convertible toxic-type debt from our balance sheet has always been of major importance to strengthen the value of our company and its balance sheet. The buyout plan of our current toxic, convertible debt which has put extreme pressure on our common stock price through conversions of millions of shares at a discount has already affected our marketplace favorably through our recent upward trend.
3 - future capital investments by the same financial partner under more favorable terms now being negotiated, will allow Agritek Holdings to grow through our increase in common stock price and expand revenue streams through immediate opportunities and acquisitions of real estate and brands within the cannabis sector.“ ...... NOTE "now being negotiated"
4 -We are extremely pleased with this new financing partner, and believe the elimination of existing convertible notes of almost $1,000,000 will be beneficial to the Company, its shareholders and investors almost immediately. The terms of our new funding plan over the next year is intended to send a message to the market that Agritek Holdings will soon be fiscally strong and ready for an acceleration within the sector as California turns recreational in 2018 as well as Canada’s move to decriminalize in the coming months, both jurisdictions where we plan to have a strong presence. ..... NOTE "over the next year"
5 - We remain committed and are presently evaluating several acquisitions to bring into our holdings for benefit of not only for Agritek Holdings and our shareholders, but also to those in the cannabis industry which desperately needs innovative solutions to meet patient care and consumer demand through compliance, consistency of brands and technology.” further stated Friedman.
...... NOTE "presently evaluating several acquisitions (plural)"
The overall stock market indexes are up about 25% in 2017. That means many investors are holding winning stocks. If they want to sell and take profits, they can off set those profits by selling losing stocks...so called tax loss selling in the November - December period. Some of that may be happening here in the past month since Agritek is one of the stocks that has lost ground in 2017. Those that are selling for tax loss can't buy the stock back for 30 days. That means around mid to late January, we may see a flurry of buying among those who want back in. Hopefully they try to buy back during a huge run up in price.
I believe that 8-k is a non-event. Companies change accountants all the time. Since they had a new one already in place, leads me to believe they had it planned.
The fact that Agritek filed this in a timely manner shows they are keeping in compliance with the SEC. Many small penny stocks are not in compliance with the SEC. This will be important if they have future plans to have themselves listed on a larger stock exchange.
In my opinion, it's the market makers themselves that are dipping it and buying. They can shake out weak holders in this holiday week and buy any shares that fall into their lap. The market makers know this is going up in 2018 and are building up their hoard. This whole week could see backing and filling. Don't let it scare you.
There are very few if any marijuana stocks selling for barely a penny that actually hold valuable land and property and also file timely quarterly reports to the SEC.
It's not like a switch will be turned on right on Jan 1st. Agritek's development will be a months long process...probably a few quarters yet. Plenty of time for buyers to get in after January. I will say this...once the real price rise begins ( I'm not talking about a small rise to 7 or 8 cents), it will be fast and huge. Agritek will be much higher a year from now.
Click on a 5 year chart (5Y on the chart just to the right) and see how fast Agritek rose from about where we are now to almost a dollar).
I like this part of today's news release -
“We are extremely pleased with this new financing partner, and believe the elimination of existing convertible notes of almost $1,000,000 will be beneficial to the Company, its shareholders and investors almost immediately.
But I LOVE this part -
"Agritek Holdings will soon be fiscally strong and ready for an acceleration within the sector as California turns recreational in 2018 as well as Canada’s move to decriminalize in the coming months, both jurisdictions where we plan to have a strong presence."
I would look for multiple announcements in the coming months. The state of California legalizes marijuana on Jan 1st while the whole country of Canada legalizes marijuana in July, 2018 (6 months away). Both will be HUGE markets. AGTK is still cheap at less than 2 pennies.
Doug Jones - (the Alabama Senate winner from last night), supports legalizing marijuana. Another positive vote in the Senate. This is a nice surprise for marijuana stocks.
http://www.chicagonow.com/soapbox-momma/2017/10/meet-the-alabama-senate-candidate-doug-jones-who-supports-marijuana-legalization/
15 minutes until the open but level 11 sure looks like it wants to open higher. If so, we could see massive volume today. We shall see...
I get free level 2 here - https://www.otcmarkets.com/stock/AGTK/quote
but it's delayed 15 minutes. Being free works for me and I don't mind the short delay. It's close enough to get the feel of what is happening with the bids and asks. Maybe one of your sites is live and the other delayed???
Small market maker playing silly games before the open. Watch NITE and CDEL. They control the price here.
If they execute their plan, it will be much much higher than 7 pennies.
Yeah I do remember. I'm hoping MF throws us shareholders a bone before Christmas.
Two days of large % gains (last Friday and Monday) followed by two days of heavy consolidating volume moving sideways. Very healthy pattern and setting up for a launch upward soon.
California taking shape -
vhttp://www.thecannabist.co/2017/12/06/los-angeles-marijuana-regulations-progress/94006/
Shortly after the CEO purchased those 10 million shares at .032, he told shareholders that the price of AGRITEK was irrelevant at that price. That it would eventually be much higher. All the pieces now are slowly coming together.
Click on a 5 year chart (chart is just to the right - 5Y - left column). The old high was closer to one DOLLAR and you can see it was almost straight up once the run started. The interesting part of that chart is that it began almost where we are today. This next run could be similar chart wise but the marijuana fundamentals are much better today. Agritek could start a similar run any time now.
You guys need to understand the cloud that is over all marijuana stocks -
https://www.axios.com/sessions-marijuana-crackdown-2513833744.html
Until this redneck is no longer the Attorney General, we stay range bound.
I see Rookie the board monitor deleted my post. Real objective of you Mr Board Monitor.
"MF is trying to keep it above .01. His salary is $300,000.000 in shares annually . So he doesn't want his OTCQB ATM machine deflated."
If you are going to waste your time to bash a stock selling for a penny, at least use some common sense. He owns millions and millions of shares but according to you, he is the one buying millions more shares in the past few days to try to keep it above a penny? No wonder most of the longs on this board have you on "Ignore"
Markets always close at 1pm day after Thanksgiving.
Probably a low volume day (markets closed half a day). Without news, I wouldn't read too much into today's action up or down.
"We"??? You are aware that if/when Attorney General Jeff Sessions resigns or is fired, that Agritek and other small marijuana stocks will quickly double in price.