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You realize that striking deals where LIHT has to give 50% of revenue does dilute our revenue right! That dilutes stock holder value!
Glad we got our financing at 50% of our production. What a steal for whomever loaned us that money!
Yep nothing to see here. Move on.
Get rid of the devil inside!
Just look at the @glassempty Instagram.
You can infer that they aren’t on a weekly schedule.
Why wouldn’t they celebrate sticking too a weekly harvest and show us that they are?
Especially since they haven’t been on time with anything in the past
They aren’t too busy to post pictures. That’s ridiculous
Yep, just when you thought you would have a nice 4-5% day, LIHTF disappoints again.
Can only think that the manipulators are the only ones trading this stock.
Too bad
LIHT won’t come in at more than $500k in revenue.
All they have is that crappy dispensary in a town on <100k people.
Where’s the pop going to come from?
Not growing and dragging their feet another quarter?
What does this even mean?
Of course she wants the stock above $1. So does everyone.
Quit posting this nonsense that has no value.
And maybe Linda should have thought about stock price when she gave away $9 million on company stock for fraudulent consulting.
She needs to go.
They are not harvesting weekly.
That is an outright lie.
Look at the Instagram proof.
@glassempty
This is a joke.
AgraFlora is a much better play and has the volume to go with it! PUFXF
Yep, they are already trading at 200 times revenue.
They need revenue before this stock will move.
They need a lot of revenue before it moves a lot.
Fact
At the end of the day liht needs revenue. No one is sticking around for feet being dragged when the market is maturing at the rate it is. Time is of the essence!
You know what would be really cool? Especially since we should have had two more harvests since 2/3/2019 when they posted their first harvest pics on Instagram...
I’d love to see the other two harvests and the cycle IN ACTION that they claim they are harvesting once a week.
How hard would that be?
How great would that be!
And all this coddling needs to go too!
They were involved in fraudulent activity last year. That’s a fact.
People that were involved at the time are still at the company.
They put together long drawn out time lines and deals that don’t really make a lot of sense. 50% give always for instance. Gosh I hope bank financing doesn’t become a reality in the next two years!! Lol
To say they are doing better because they are talking more now is hog wash.
They need to be kissing butt for all the garbage we’ve put up with!
I can’t wait for the quarterly financials to show the burn rate of overhead to support all this! $4 million last quarter i think. Maybe with the scammer consultants so hopefully less this next financials.
Can’t wait for the next statement!
Why isn’t time important to Liht?
Why do they want to draw these builds out so long?
Is this reasonable you must ask yourself at the end of the day?
Are they being reasonable??
I just want to know why these time lines are so drawn out? What the heck are people doing?
Contractors want to make money contracting, builders want to make money building, and all the other in betweens would love a solid contract job. $2.5 million a building! Who wouldn’t bid that out and put it on the front burner and turn it out!
lIHT is the best client ever!
$10 million in cash and ready to build!
But why aren’t they?
That is more reasonable.
You like the fact that 50% of the Canadian revenue is gone for three years because of a $10 million loan for a project that was full funded supposedly in Aug by FSM??
How much revenue do you think a 100,000 square feet will bring in a year?
Multiply that by 3.
Now hand that over to the loan provider for giving us a loan!
Pretty expensive loan!
Who exactly did this loan come from I wonder?
Hell of a deal guys!
Read the posts.
Why is this taking 2 years to build out? What is the hold up? They are building Raider’s stadium on less time in Vegas right now! A billion dollar project!
Why did they same the FSM deal was fully funded back in August to build out the Canadian land? And then throw another $10 million at it yesterday?
Why did they make a deal to give away 50% of the profits from the Canadian grow space for the first THREE years? If the revenue projections are right for the Canadian project then we just gave away MILLIONS because of this $10 million loan when FSM has already fully funded the project with 88 million shares we gave them.
Lastly, the fact that they didn’t get rid of the people involved in the consulting scam last year, a proven scam, which stole $9 million in stock from the company (further diluting all of us) and resulting in the old CEO sticking around.
There is a lot of awfully suspicious behavior and timing of a lot of these “deals” when the rest of the MJ market is putting up buildings like no ones business!
Yeah you have an ex employee of google and Elon. What does that even mean?
This company has no tech. That’s it. Anyone that has the tech that namaste needs won’t give it to the! They’ll just do it themselves!
Where is the value?
Show me the money!
LND2, you may as well update the Canadian revenue numbers to be 50% of projected due to the new “deal” made today requiring 50% of the revenue from Calista for the first 3 years go to the loan providers..
And this is after waiting 2 years to build it out fully. So 5 years until we are fully realizing our Canadian facility!!
No wonder they didn’t want stock. This is a sweet deal for the lender!
Wow!
Here's my email I just sent:
To whom it may concern,
As an investor in your company, I am concerned regarding today’s news release.
On Aug 21, 2018 this press release was made:
https://www.prnewswire.com/news-releases/marapharm-ventures-inc-announces-a-fully-funded-operating-agreement-with-full-spectrum-medicinal-inc-fsm-and-updates-shareholders-on-its-health-canada-acmpr-application-300699860.html
The above article states:
“10 - 10,000 sq. ft. engineered bio-secure facilities, which have been fully funded by FSM, will be constructed in two phases, ultimately maximizing the potential of our 100,000 sq. ft. ACMPR licence once approved by Health Canada. Ground preparation on the site began on August 15th.”
Now you have a press release today:
https://lihtcannabis.com/news/liht-announces-signing-of-10000000-non-dilutive-development-agreement-for-celista-british-columbia/
Based on today’s news, you did not have a fully funded deal with FSM as you stated in Aug 21, 2018. Or am I missing something?
Sincerely,
<full name redacted>
Not to mention 88 million shares at $.31 plus a finders fee were diluted for the fsm deal!
https://www.prnewswire.com/news-releases/marapharm-ventures-inc-closes-acquisition-of-full-spectrum-medicinal-inc--announces-debenture-financing-300719629.html
What the hell is going on?
Why do we need $10 million when the 10 buildings were “fully funded” six months ago!
Thiefs
What is going on here?
FSM was supposed to fully fund the celestia build out:
https://lihtcannabis.com/news/fully-funded-operating-agreement/
He was probably setup, but “you gotta be quicker than that seany boy”
Revenue talks. That is all at this point. Otherwise you are sitting on a turd!
There will not be 10 harvests this year. Geezus
It’s gotta be cured, cut, trimmed, and packaged for sale or sold in bulk.
Who’s doing this? Those highly paid consultants?
Pfft blockchain. It already exists and has for hundreds of years! It’s called accounting!
Yeah, they’re gonna burn through their cash, watch prices plummet and margins tank with them due to over supply of production, and be priced out of business.
IMHO
Wonderful. 3% of the future revenues were just given away. Oh wait, no, we got a proprietary system. Hog wash.
Based on what? Your guess or lotto opinion that some company will buy this shell?
So relaxed that the truth serum works to give me the courage of stand up! How? We take risk and challenge and not let anyone sabotage!
This said, get square feet or be square!
I just read that and felt my feet running the whole time time like an old cartoon!
Completely interfered. Talking heads and some cars crashed and now we have $69 million market cap mj companies with $249k dispensary income floating us.
Look, liht will have $3 million in LV weed produced in quarter one.
I guess they’ll get $1 million out of it
Here’s the problem. You all need to watch Murder Mountain. Netflix.
Not for the drama for the financials of MJ growing.
Liht is a farmer. That’s it
Attack!!!
I guess none of this is really NEWS because it was very clear in July 2016 that Marapharm and Keating and Living Green (AlphaPheno) were in bed together.
See the annual filing here:
https://webfiles.thecse.com/investorx/MDM/1607121534242734.pdf
Just search for Living Green in the above document.
I just am curious why is acceptable:
"The Team
Kurt Keating, who is a partner in the Marapharm Las Vegas project, and currently lives in Seattle,
Washington, has visited the facility and reviewed its potential.
Mr. Keating is licensed in Washington State and has been operating his own medical grow facility for the
last few years. He has closed down his operation in compliance with the Washington State legislation,
with a view to moving to Nevada to assist with the Marapharm development. He sees this as a great
opportunity and is willing to delay the move to Nevada and is currently in the application process to have
the Living Green license transferred into his name.
"
Here's the smoking gun:
https://webfiles.thecse.com/investorx/MDM/1707251305066941.pdf
It is an option agreement between Living Green (i.e. renamed more recently to AlphaPheno and owned by Keating 100%) and Marapharm Washington LLC (a 100% owned and operated subsidiary of Marapharm Ventures Inc - LIHT) for the full purchase of Living Green Inc by Marapharm Washington, LLC.
This document has both Keating's and Sampson's signatures on it.
Weird thing is that the option is for only $10 to purchase 100% of Living Green (see Section 1.1.1 in above link) AND there is no Exhibit A which should be the terms of the option agreement.
My feeling is that Marapharm tried to purchase the Living Green (AlphaPheno) license from Keating back in 2016, but it fell through, and now they are simply leasing the Washington space to AlphaPheno.
Here's the history of Living Green (AlphaPheno - Kurt Keating). Basically they ran out of money and had to make deals to stay operational:
"Living Green Inc. initially applied for their license in September 2013 and was granted a 21,000 square foot cultivation license with an option to expand to 30,000 square feet, as well as a production license in
April 2014. After locating a suitable 30,000 square foot building in Whatcom County, Living Green Inc.
invested in electrical upgrades; installed a fire sprinkler system along with a 30,000 gallon reservoir to
service the system and a production kitchen; constructed grow rooms; and invested in start-up materials.
During the construction period, they produced revenue of $300,000, more or less, while operating out of
only 1,000 square feet of the building.
In September 2015, Living Green Inc. was granted a final occupancy permit. Having invested all the
money into the tenant improvements of the facility, Living Green Inc. did not have the financial ability to
implement the full optimization of the facility at that time. "
Not to mention, Alpha Pheno is delinquent at the state level. Why is LIHT in a deal with a company who can’t keep their company in order on the state level?
Also, I see that Kurt Keating is the registered agent of Marapharm Washington and Alpha Pheno.
And our friend Linda Sampson is on the board of another company which Kurt is an registered agent and a board member in Washington: MWA Management.
So you have a bunch of cross over crap going on here.
Cross dealing, non arms length deals with insiders of the company.
And guess what? No details of the deals with these third parties which are not really third parties at all.
This is really shady!
I wonder what I find when I look at the California and Nevada records more deeply.
We already know that Nevada grow ops are being run by a Kurt Keating owned company.
I wonder what the contract with Pheno companies says regarding Nevada and who gets what when the green is harvested!
This is more confusing now.
Liht signed the LOI with the Canadian company.
AlphaPheno is just the tenant.
So you have a deal with the tenant and a deal with a Canadian company and no details on how those deals are really structured.
And Kurt is more than an employee of these Phenomena companies
He’s the registered agent