emeritus
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Wish list: TWO instantly recognizable credible independent board members would go a long way to getting that established.
The difference is in Canada the VAST majority of Canadian small cap investors... likely 80-90% trade in their TFSA account (Tax Free Savings Account) dont be fooled by the name.
Its not a savings account like at a bank. Its like each canadian getting their own little slice of offshore banking every year.
All monies deposited in it ($5,500) a year are not subject to tax. Since 2009 its been available. Thats a minimum of $50,000 to invest.
But say for example you bought seed shares of a big cannabis/ mining deal in canada at 50 cents 5 years ago. today they are trading at 30 bucks - $1000 dollars is 2000 shares that you sold at $60,000 yesterday. All tax free capital gains.
You could then take that $60,000 and buy EVIO at .60 cents convertible note. And then sell it at 6$ and the next thing you know youve turned $1000 into $360,000 tax free trading small cap cannabis stocks inside 5-6 years.
All funds available to make the next tax free investment. Plus next April 15 or whenever tax day in Canada is... youre eligible to drop another $5,500 cash into the account to fatten it up some more. You get the 5500 annual deposit allowance regardless of what the TAX FREE profit loss status of the account is.
The problem to date for Evio has been that the OTC.... after all the p&d activity of the 90's/oughts remover the OTC from a list of eligible exchanges to deposit/ purchase/ trade within a TFSA. Unless you were cross listed on an approved exchange like ... HK/Singapore or Frankfurt
Not to say that there arent already canadian investors in the deal off the OTC already. There probably are a couple/few. But between the vast number of choices of canadian cannabis deals available to trade in a TFSA currently... with a little national pride blindness and the dollar exchange... We havent even touched the potential yet.
And especially with a Lab in Canada to touchstone. Ive seen a number of mentions on various forums and boards especially since the Canada PR of people griping "Damn it, I cant buy this thing still" translation - TFSA account.
Because any Canadian trader interested could easily buy the stock in their regular trading account TODAY. But because its been 10 years since the TFSA was introduced in Canada the vast majority of traders have switched their trading platform over to take advantage. Hence... enter EVIO purchase 5000 = equity not available.
As far as your apparent fetish with the investors from Canada and their readiness to "dump" the paper they purchased you could not be more wrong. Im not sure if youre being purposefully obtuse or just want to be the contrarian or what.
Yes, The type of debt issued is a convertible note... the Same TYPE as the garbage issued by tangiers etc. to evio previously But its FAR FROM the same investor.
The convertible debt issued to EVIO prior to Dec 29 came almost exclusively from groups whose sole reason for existence is to provide capital to small cap deals with the explicit plan of dumping the paper on the day of conversion with no care or attention to the news cycle/ business realities/ growth/ development of the deal. THey are mercenaries. Loan Sharks essentially.
Canada raise for EVIO on the other hand. Was issued as convertible debt. But that debt was pitched to RETAIL INVESTORS who were sold on the story of EVIO/ Its business model/ its potential/ its expansion/ Its future/ Its Canadian listing.
Their brokers would be preaching buy and hold... these are seed shares... this is a 10X potential etc Canada/ California/ The World/ Bio Tech IP...
will there be "some" conversions after 180 days? Probably. But id guess that it wont be more than 30% MAX probably less and that will happen over weeks and weeks and weeks.. these are retail investors... they have lives and families and huge portfolios.
Versus the Toxic Debt Merchants PREVIOUSLY who dumped 100% within a few days two weeks tops... all the while tanking the price because they dont give a shit ... because they got the stock at a discount its all profit and we got another desperate fucking CEO on the phone who NEEDS $125,000 yesterday.
Another scenario is that since they are in for 60 or 80 cents... and they are live on or around June 1 - which should also be the ballpark give or take a few weeks for the Direct Listing of EVIO to be live in Canada
- is that they for sure have been following the developments. They bought the debt on the strength of the Canada/ California market potential. So its a trading at $1.50 on around June 1... sell enough stock to cover your initial nut... slowly of course... because you arent a scumbag toxic note salesman... and wait and watch the California Canada development and look for that 10x return.
Your thesis of a looming block coming to market is just plain wrong. Its the same debt but under a whole new set of circumstances.
Not directly- there is more likely to be one exchange getting more excited than the other on the upside. Bad news travels far faster than good news
A sale of stock occurrs between two parties. IF a transaction takes place on a Canadian exchange for example. Joe puts up 1000 shares at 2$ on the ask and Bill completes the order. They are both in Canada with stock trading accounts in Canada and trade the symbol EVIO on a Canadian exchange; that volume will not reflect on the US exchange.
Neither will the price. Sort of. IF the 2$ (US) sale price in Canada is close enough (say the recent OTCQB trade was at $1.98) then nothing.
If though... that 2$ trade in Canada happened and the US price bid/ask was around say $1.70 then you could anticipate a fast rise in the US price or a fast drop on the Canadian side because you know smart traders are going to arb the hell out of that price discovery failure.
Fast rise = IF that 2$ trade happened because of strong interest and high volume in Canada while the US was a little slower in volume... Then the US market would race to catch up.
The thesis re. evio is that an educated Canadian investor marketplace used to and loving cannabis stocks who have not to this point been able to purchase EVIO on the OTC due to restrictions on their TFSA accounts because of lack of canadian listing - will be able to play.
The volume on the OTCQB on any given day in the future could be a moribund 60k for the day with a price movement 5% one way or the other. While on that same day the volume in Canada could be 600k for the day driving prices up 10-20% ... the US market price discovery will quickly follow suit
What to this point had he contributed to the Company? He was the owner of the acquired Portland Lab with no previous pubco experience. I think his position wasnt earned but rather given as part of that negotiation process and he was likely just more deadwood getting cleared out to make way for re planting with professional execs as rthe big board transition continues.
California Canada Cannabis $15 Billion! 30x Oregon $500m Annual retail cannabis revenues. That sets $EVIO up for a potential $100 Million annual revenue cash flow a heck of a lot faster than people on this board might ever have dreamed possible.
Whats the market cap on a biotech deal doing $100m a year?
Health Canada Testing of Cannabis for Medical Purposes for Unauthorized Pest Control Products - April 9, 2018
https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-use-marijuana/licensed-producers/policies-directives-guidance-information-bulletins/testing-cannabis-medical-purposes-unauthorized-pest-control-products.html
Additional Information for Licensed Producers under the Access to Cannabis for Medical Purposes Regulations:
The line betwixt patience and laziness is thin
Saw this one too. Love the Evio logo on the doors leading into the clean laboratory. Embracing the licensing wholeheartedly. Let’s see that agreement transform to equity stake real soon!
EVIO Labs Berkeley- San Francisco Business Times- Video
https://www.bizjournals.com/sanfrancisco/news/2018/04/20/cannabis-testing-company-solve-testing-backlog.html
The Berkeley branch of cannabis testing company $EVIO Labs wouldn’t look out of place in any biotech or pharmaceutical company. Inside the laboratory workers swirl multi-colored test tubes and analyze samples in mass spectrometers.
EVIO Labs Berkeley CBS San Francisco TV Feature
https://cbsloc.al/2qKg90E
The California State Bureau of Cannabis Control is requiring all marijuana growers and processors to send products to distributors to get tested before they arrive at dispensaries.
The state recently rolled out a lengthy list of pesticides, solvents and other contaminants that labs must test for.
$EVIO Labs co-founder and COO Lori Glauser says it’s too early to say how much cannabis tested in this lab is contaminated.
But when the company’s labs in Oregon first did similar tests, it found 30 percent of concentrate products and 5 percent of flower products had contaminants above state levels.
https://cbsloc.al/2qKg90E
Perfect world w/out attornies lol would see $EVIO post strong surge in Q2 revenue numbers on May 15 then go live in Canada stock market trading on May 16
*git y'all sum o'dat where y'all been my whole life effect #FOMO #latertater
$EVIO qualifys Direct Listing on TSX.V or CSE with listing on the OTCQB setting them up for the quick route to Canadian listing versus an RTO -
best guess is we are 30-90 days from $EVIO going live trading in Canada where those fat TFSA trading accounts just might unlock some crazy valuation in the deal.
The volume will definitely jump significantly and the right messaging and press play of the story might just get that FOMO effect we all as shareholders crave so deliciously.
EVIO Canada located 20 minutes from $ACBFF 800,000sq.ft Aurora cultivation facility in Edmonton Canada
Aurora has approximately 280,000 kg per year of funded capacity. With the addition of Aurora Sun, total capacity will increase to over 430,000 kg per year.
In addition to the domestic medical cannabis market, in which the Company already services approximately 45,000 patients, the new facility is intended to serve both the pending legal Canadian adult consumer market, and the quickly expanding international market. $EVIO EVIO
https://investor.auroramj.com/facilities/
VIDEO Lab Making Sure Your Legal Weed Is Safe
DEFINITION of 'Tax-Free Savings Account TFSA
An account that does not charge taxes on any contributions, interest earned, dividends or capital gains, and can be withdrawn tax free.
Tax-free savings accounts were introduced in Canada in 2009 with a limit of $5,000 per year, which is indexed for subsequent years.
In 2013, the contribution limit was increased to $5,500 annually
The contributions are not tax deductible and any unused room can be carried forward.
This savings account is available to individuals aged 18 and older and can be used for any purpose.
Read more: Tax-Free Savings Account (TFSA) https://www.investopedia.com/terms/t/tax-free-savings-account-tfsa.asp#ixzz5DBnZCPQ9
Follow us: Investopedia on Facebook
The next logical step is Canada cross listing.
Opens up access to investors who are very sophisticated and comfortable in cannabis related plays. their tfsa trading accounts could light up the volume and price in a spectacular fashion.
They arent fools though. $evio needs to get its IR / Media / Narrative / Investor Awareness act polished and running like a fine tuned machine.
If they do cross list the canadian investors will have no interest if they dont have the same presentation/ materials/ awareness that every other deal there does.
Its one thing to not care about your image/ timing/ late filings/ forgotten details in PR's in the US where its a niche investor interested.
But in Canada you have a class of investor raised on small cap mining deals. They are the best marketed public companies in the world. The look and feel of the messaging/ materials/ outreach/ awareness of an 8 million market cap Gold play is the exact same as that of an 8 billion dollar one.
IF they go into Canada without anything less than planned excellence the market will notice in a second and they will be done. on the other hand if they can put their past behind them and manage to do it right the Canadian stock exchanges and investors there could unlock some serious value in the deal.
EVIO, Inc. (OTCQB: EVIO), via the $EVIO Labs division, is the nation’s leading provider of accredited analytical testing, scientific research and advisory services to the regulated cannabis industry.
EVIO Labs provides state-mandated ancillary services that are required to ensure the safety and quality of the nation’s cannabis supply.
EVIO Labs has performed over 50,000 tests during the past two years and grown from one laboratory in Oregon to nine labs spanning California, Oregon, Colorado, Massachusetts and Florida.
EVIO Labs is driving the cannabis testing industry by providing clients nationwide with consistent high-quality cannabis analytical services backed by quality control assurances. The company also provides advisory services that help cannabis producers and retailers enhance production processes, achieve regulatory compliance and meet quality goals.
$EVIO Labs is on track to open 18 laboratories by the end of 2018 at locations around the United States. The Oregon-based company provides analytical services that include testing cannabis and industrial hemp flower, extracts and infused products. The labs specialize in performing the following tests:
Cannabinoid analysis, which properly characterizes the many primary cannabinoids found in cannabis including THC, CBD, and several other cannabinoids.
Terpene analysis, which identifies the aromatic compounds of the plant (terpene), which can help identify the therapeutic potential of a cannabis flower or extract.
Moisture content and water activity, which measure the moisture levels of dried cannabis and are indicators of microbiological growth potential.
Pesticide residue analysis of over 100 different pesticides, herbicides, fungicides, growth regulators and other agrochemicals that may be present on cannabis.
Detection of harmful residual solvents left behind in the cannabis extract production process.
Microbial testing screen for bacterial and fungal contamination in cannabis and cannabis-infused products.
Detection of heavy metals including lead, cadmium, mercury, and arsenic.
$EVIO Labs is rapidly becoming the nation’s leading cannabis biotechnology company. Led by a management team with extensive experience in designing and rolling out successful business ventures, product research and development, regulatory and compliance protocols, medical cannabis cultivation, production and analytical chemistry techniques,
$EVIO Labs is prepared to take advantage of today’s fastest growing industry.
No volume on an announcement of international expansion. The way they have been doing things has to change. And fast. This deal and sector and concept can have all the potential on earth. But consistent and constant bad press and bad decisions will sentence the share holders to no significant gains. Today’s volume is pathetic. And the price jump? We only got back barely, what the note holders stole from shareholders in the past couple of weeks. Managements bad decisions. Planning and strategies are actually actively driving people away from the stock. That’s a fact. And no amount of ostrich talk will change that.
The Case for ISO 17025 Accreditation in Cannabis Testing Laboratories
There are key reasons why accreditation in cannabis testing labs is important. First and foremost, cannabis is a consumable product. Like fruits and vegetables, cannabis is prone to pesticides, fungi and contaminants. The result of putting a potentially hazardous material on the market without proper and documented testing could lead to a public health crisis. An accredited testing lab, however, will ensure that the cannabis products they test are free from harmful contaminants.
https://www.cannabisindustryjournal.com/column/the-case-for-iso-iec-17025-accreditation-in-cannabis-testing-laboratories/
Why Do US-based Cannabis Companies List in Canada on the CSE?
Media:
“Many organizations are more reactive than proactive.”
“A lot of times the recommendations for things such as a media policy, or to implement a crisis management protocol are ignored – no one thinks it will happen to them and when it does there are so many voices telling them what to do it is challenging.”
“Management is focused on keeping the business going.”
“It’s a daily struggle – getting CEO’s to listen and adopt a policy that will help them in the long run.”
None.
EVIO, Inc. Entry into Canadian Capital Markets $EVIO
https://www.cannabisnewswire.com/cannabisnewsbreaks/cannabisnewsbreaks-evio-inc-evio-engages-macdonald-tuskey-potential-entry-canadian-capital-markets/
It’s quiet - so quiet the only thing you can hear is the rustle of tangerines paper as they wait to throw it to the wind like confetti. Except there’s nobody at the party. Surprise! To everyone except- you know who you are
Cannabis stocks poised to skyrocket - Colorado Senator Cory Gardner (R) has been talking quietly with other senators about a legislative fix that would, in effect, make clear the federal government cannot interfere with states that have voted to legalize marijuana.
Separately, former House Speaker John A. Boehner (R-Ohio) announced this week he is joining the board of directors for a cannabis company and engaged in efforts to allow veterans to access marijuana for medicinal use.
https://www.washingtonpost.com/politics/trump-gardner-strike-deal-on-legalized-marijuana-ending-standoff-over-justice-nominees/2018/04/13/2ac3b35a-3f3a-11e8-912d-16c9e9b37800_story.html?noredirect=on&utm_term=.7336f1a495a7
Because the dilution is endless. Because ww talked on and on about the “shareholder”. Because of the endless mentions of using raised funds to take out notes. Management appears unreliable and apparently will say any sort of anything but with no intention of following up or following thru. Because empty promises.
That might be for one test alone.. But i think that frequent clients w/ volume get discounted. That real sweet $EVIO cashflow comes from the testing of oils, concentrates and edibles. Those are the double dips. People love their vape pens.
The interface of the testing technology and especially edibles is a challenging process meaning that if you're very good at that specialized testing service... as $evio reportedly is... then you can gain way more of a market share of a high revenue product- more than might even appear reasonable economically.
Look at it this way.
if a flower test is 300$ in bulk and there are 8 different labs chasing business in a region
vs.
An edible test might be $500-$800 or more in bulk
(depending on the substrate - and how transparent the mfg. is about ingredients...if you dont know what exactly is in it its a hit and miss proposition to get accurate tests without fucking up the calibration of the various devices and having to reset- im no chemist or labtech just some research)
-but there may only be two or three labs capable of providing accurate timely and consistent edibles testing, and in some regions there may only be a choice of one. Looking at it this way gets really interesting when across the country edibles are near around 40% of total market share and trending upwards.
Former House Speaker John Boehner (R-Ohio) has joined the board of a top cannabis corporation to promote the use of medical marijuana, a shift in his once-adamant opposition to legalization of the substance.
http://thehill.com/blogs/blog-briefing-room/news/382614-boehner-joins-board-of-cannabis-company-for-push-for-medical
mic drop
Clown Show
Stop enabling bad decisions. Enough with the excuses already
As we approach the 20th - Are we beholden to some arbitrary stoner holiday? just put the fucking news out in a timely fashion. There are 10,000 stupid stoner stunts and news stories on 420- Why fight the tide and get lost in the noise.
Its all this magic bullet BS thinking- This is the PR- This is the one when all the phonies will realize our genius. Upon further, detailed extensive review- Nope, its just regular steady normal run of the mill communication building a narrative. Like building a house. One brick at a time. There are no prefab solutions.
The beatings will stop, soon. The child appears to be brain damaged. But don’t stop hitting him. He hasn’t learned his lesson yet.
What’s the source link, thanks!
$EVIO California expansion/pending cash flow injection - $EVIO Canada expansion/ crosslisting on TSX.V/CSE - $EVIO Q2 results pending - Someone is likely wagering on there being some news of substance shortly and is buying a block in anticipation. To either quick flip for a 30% bump but more likely with the thin volume is looking long term at a price point entry that might deliver 3-5x returns in the nrxt 90-180 days
Whatever: The point is nobody has hit the bid. And that on hasnt hit the ask- in like the last htree days ive noticed that oversized bid. The only change was that it appeared the first two days around 3pm est- today it was real early. So apparently the note diluter is done for now eroding shareholder value and an mm has stepped in to demonstrate just how little real awareness there is of the opportunity?
its all very suspect though. this big block has been teasing for a few days now... if they are so hot and lathered to get in on a deal they love so much, what are they waiting for.... The difference between their bid and the current ask is $480 on a $30,000 order. #transparentBS
All shareholders apparently love the average 1,500 shares traded in the first hour every morning. So much heat on this deal. Im glad too that they have stopped issuing press releases informing shareholders and potential shareholders of the companies activities. Better to keep every one in the dark, right? Wouldnt want to create any buzz or interest in this small cap, thinly traded, diluted deal. If anyone was paying attention they might notice.
Sick joke of a performance. By people who have no idea. Leading sheep to slaughter.
The asks are piling up like a ride at Disneyland. The bids look like rick springfield concert at a county fair. If a tree falls in the forest....