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Not good news, shares will be getting cheaper now I’m sure.
They said it by doing the offering, and it’s obvious a company doesn’t do that unless they feel they will need cash in the near future. My point is why not do a loan that you can draw on when needed instead of hurting your stock holders by doing an offering, if they take any money out they are diluting all of our shares.
Never good when you need to raise cash and choose not to do a traditional loan. That was one thing I liked about these guys they didn’t dilute share holder value. I guess I was wrong and with the news of the offering I may have to lighten my holdings here. Plus a class action law suit is being filed by the Moncton residents that caught legionnaires from what they say was most likely the cooling towers at the Organigram facility. Many questions in the air including what the next financials will look like.
Is this right, OGI needs to raise $175,000,000. They didn’t press release it just did SEC Filings of a F-10 and F-X yesterday.
https://www.otcmarkets.com/filing/html?id=13726071&guid=ag3SU6UIqQYF6th
I’m loaded up and hoping for the best here. I’ve seen the videos with the incredible product they are producing and feel that will be the catalyst that puts them above others.
People are going to purchase what they enjoy the most. Even if Canada has too much MJ at the wholesale level if your brand sells the best you will never have an issue selling inventory.
There is a an over abundance of flower currently at the wholesale level so doubt we are going to see great numbers from a “flower sold” standpoint. This may not be the case for OGI but has been for every other main player that has recently released revenue. I think OGI will be one of the survivors however we as investors may not be benefiting till sometime next year.
https://www.google.com/amp/s/ca.finance.yahoo.com/amphtml/news/growing-cannabis-supply-glut-means-investors-should-be-bracing-for-impact-155339203.html
I bet you and I would do way better than they have over the last 3 yrs if we had the same licenses and cash available to us. I really don’t see how anyone could of done any worse than they have. Complete failures in every single thing they have started and complete lack of follow through on many promises. Oh and they are no longer reporting financials why is that?
Thanks interesting, don’t have any CRON but was hoping it would move the whole sector up a bit.
OGI having a nice week so far. Earnings out on Monday!
Years away, mega debt and only pre-rolls being offered. I loved watching Mark cringe each time his new grower ripped on the old grow that Mark once touted as high tech and cutting edge. They just needed to sell some shares today and I see a few got sucked into that.
They are bleeding with no help in sight, it will cost more to grow than they can make by selling crappy pre-rolls. Growers sell the flower that is not attractive to consumers in pre-rolls. The buds shown being ready to harvest were very small and once dried will be even smaller hence only offering pre-rolls. They will be out of business next year at this rate.
Yes seems that way currently, but big money will be on the buy soon. You have to know when to load up and catch it at the same time big money switches to buy side. I started a bit early this time but think we are close to the bottom and have been buying.
Yeah this is ridiculous, new 52 wk low hit today.
This is concerning you don’t just drop 65% if things are going great regardless of sector. Fact is Organigram has made two crucial errors recently one being the failed cloning project and the second being most likely giving legionnaires to 16 people in Moncton. Even if they are not found liable for the legionnaires the stock already took a hit for it and most likely will take a hit again if a lawsuit is filed. I am disappointed in Mr. Engel both of these issues happened on his watch.
I do have faith in the company and realize we may see another drop when the Q3 comes out since there has been an over abundance of product at the wholesale locations. This is load up zone but could def see us dropping below $3 at this rate. Tough times for OGI investors.
Ouch what happened here??? Anyone know more??
https://www.google.com/amp/s/www.cbc.ca/amp/1.5304163
Your clarifying statement sounds much more real than he wants to short OGI. He was just giving his opinion on the US stocks vs. the Canadian ones he didn’t mention OGI in that. Yes I saw that on tv it was an hour special called high risk high reward.
No link for statement from ceo? Of course another companies ceo would say short OGI (if he did even) because he wants people to buy his failing stock.
OGI is getting hammered though and probably has to do with some heavy shorting. Tough times in sector.
Not selling but damn this hurts, surprised with the hammering they are taking.
Don’t get it but that’s the stock market you get folks that sell when it’s low and buy when it’s high.
Shorters best not be greedy because this could hurt them big time. They are shorting a soon to be profitable company that is down 50% from its 52 week high. This could explode up big time and Shorters could have their gains decimated.
Is this new
OGI may be the biggest most successful undervalued MJ company in Canada. The Market Cap is ridiculously low for the amount of revenue they are bringing in currently. Soon they will be seeing revenue from the new grow rooms just approved plus the ones coming online later this year oh and the new edibles market. After all that is going they could be at $50 million a Q. Then if no major dilution occurs and none has yet this will hit $15 by end of next year I believe.
Just read another company claims to have also created an orderless, tasteless THC or CBD powder for mixing into drinks. Good OGI also has it but don’t think we will be the only place with it. That’s ok though because same as flower many can exist in the space and succeed. Interested to see the offerings from OGI in December for the Canada 2.0 launch.
OGI not too vocal. Marketcap only 6 times revenue is a pretty good indicator of what kind of bargain this is. May grab a few more soon thinking these are good prices.
Mark F’d all PNTV shareholders he diluted ownership of Argentina and put in clauses on how money will be paid back, so good luck if any ever gets filtered back to PNTV let alone its shareholders. He should be embarrassed to show his face knowing how many dislike him and don’t believe a word he says.
This sounds like they are buying Organigram’s powder mix. This is not a smal company but doubt they also found the exact same formula?? Sounds to me more like OGI will be selling this to them, great news.
https://www.newswire.ca/news-releases/zenabis-signs-agreement-for-entrance-into-cannabis-infused-beverage-market-880909010.html
Good work! Nice to see some money being made here.
BTW I’m not a burned investor actually exact opposite I made some very very good money here. Thought I was gonna make a bunch more but got smart when rumors on this board hit that they lost the California grow I got out. Been following them extremely close for about 3 years and let me tell you I have never seen so many failures on so many worlds biggest projects or the next great things. These guys are clowns telling you what you want to hear so you buy more shares.
Read the press release carefully they are already warning of a lack of capital. They are not funded to complete the build out and bring any product to market without more money. Your betting on a CEO that is a complete loser never succeeding in anything but taking shareholders and private investors money. Look at his business partners too, Brett is a total lying scumbag who tried to make it in politics but failed and has failed in every business plan to date since politics. The new grower has a police record and their Nevada business is failing miserably at their controls. All they can produce is pre rolls after 3 yrs what a joke, oh and no sales mentioned on the pre rolls in fact have yet to get a report on the street they are even in dispensaries.
“and its cultivation progress in Argentina that is expected, barring countervailing circumstances or a lack of capital, to harvest its first crop”
Agree get the name out there, they are set to explode soon.
Press release clearly states they have no funding currently. No one will privately invest in PNTV anymore because Mark blew everyone’s money already so why would anyone trust him just under a different name he’s a failure in everything he has done, he couldn’t even manage 8,000 sq ft indoors but now will control 400 acres outdoors in a country half way around the world. GLFI may never even make it out of private status at this point. Complete joke, which is why Mark is a clown!
This is insane Market Cap 7X revenue right now. That is so low compared to others in this sector, wonder what will be catalyst to make this take off. Well I hope Chocolate and Powdered drink mix will help get the name out there. On financials alone they are a buy let alone the positive outlook this should be taking off and not looking back. When though is the question, this and others are getting hammered recently.
Very interested to see their offerings of chocolate and drinks once legalized in Canada. Sounded like a smart move buying the chocolate processing facility.
Is there poisonous air at the PNTV facility or something. They have professionals in there and that video shows what they are getting ready to put into the flower stage. That is pathetic looking massive amounts of yellowed leaves and scrawny plants. Them releasing that video of such weak looking plants should have everyone more worried. Even the professional help is failing!
Budding plant leaves tend to yellow towards the end but that yellowing is from your basic lack of watering, lack of nitrogen or gnats. Doubt it’s light burn because lights there have to be so high due to heat issues. I honestly think someone forgot to water the plants in Vegas some almost look dead. It’s not logical to try to grow in that massive wharehouse you can never get the conditions needed as you would in professionally set up grow rooms.
This is how it’s done and what healthy plants and a great facility look like.
Do the research on Mark, Brett and PNTV you won’t like what you find. They will never turn a profit, Mark is in business to keep his scam afloat and keep collecting a salary along with free stock.
Are Mark or Brett investing any money into GLFI? Other than just giving themselves free shares.
Considering payback goes at a 80/20 split in favor of GLFI investors your already down to 20% and the fact that Cannava gets a substantial cut in profits I would say for the next 5 years about 10%. I actually don’t think Mark will ever get investors fully paid if at all so may be only 10% for more than 5 years.
Reason being is all revenue will not go right back to investors it’s any revenue over the cost of running the business and of course after paying Mark’s and Brett’s salaries. Mark has yet to be successful at this key part of business and that’s being profitable. Without profits no one gets paid back so really he could keep dumping more and more money into the grow and with showing no profit it could go on for years and years. Mark wastes huge amounts of investor and shareholders money on trips and hobbies of his like media.
In the big picture PNTV is out of money and cant afford to get Jujuy going so they are hoping they can find investors to make this work. However if anyone with money looks into Mark’s past failed deals and his lawsuits that follow him I doubt he will be getting much interest. Hey it’s 9 months now since they announced this and the only thing growing in Jujuy are Mark’s stories.
PNTV shareholders used to have 100% of Jujuy. Anything less than 100% is screwing over shareholders, you can’t just strip a major ownership portion from investors and not expect them to see they getting screwed.
Mark is blaming shorters lol, it’s prob dilution and people no longer believing anything he says. How bout all the convertible loans coming due or maybe he’s just wrong because a bunch here stated they got out.
So Mark said they gave GLFI 4% of the total land they have, ok so he just admitted the only one buying into his B.S. is a company they formed. What are they doing with the other 96%?? Just like any other biggest in the world deal Mark has tried and failed at. This reminds me of the WeedTv concept, they were going to get 1,000’s of companies to sign up and they would be their web service however don’t think one company ever signed up literally a whole massive platform built with not one sale, add in the content everyone would want from their weedhouse party which no one purchased and couldn’t have failed worse.
Facts are facts the only company PNTV has been able to sign up to do anything in JuJuy is themselves. 4% occupied in what 6 months or so. And in actuality they have 0 sales. Sound familiar PNTV 0 sales,
Mark speaks about NASDAQ, his accounting team can’t even get a stop sign removed from the OTC and he thinks they can be a legit NASDAQ company.
Shareholders do have a voice .016 close today can you hear them now??
GLFI Message Board coming soon, can’t wait.
Mr. Bradley forgot to include key agreement that is listed in the 8K. Read the below statement from the 8K, PNTV shareholders can only receive a max of 20% of the shares issued. So not only is PNTV losing half of all profit (if any were to come) they are only getting 20% so really PNTV shareholders get 10%. How arrogant Mark is to say “once PNTV shareholders realize the value” that basically is saying we’re to stupid to understand his plan? We’re not too stupid we’re actually too smart to believe his BS which is why the pps has tanked and he is abandoning PNTV to try to do the same with GLFI. And I would say 1,000% GLFI was Brett’s shell company MJVP.
“This cash distribution will be in the form of a redemption of newly issued GLFI preferred shares. The Management Agreement and the terms of that preferred stock will require that proceeds derived from the Project will be used in an 80/20 split in favor of GLFI preferred shareholders to redeem their shares. Once all shares have been redeemed, both companies will split the profits 50/50.”
Below is more to irk shareholders says that Mark and Brett gave themselves free shares, ironically doesn’t list how many because it’s probably more than all PNTV shareholders combined have the opportunity to receive.
“The officers and directors of the Company have been appointed as the officers and directors of GLFI and these persons have also received shares in GLFI.”
Oh man this is so bad!