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Putting in a half million nearly. CANN is about to up up up. He knows the financing is in place and capital ready.
Stoked!
Float got smaller.
I'm expecting huge flow of news from the event. CANN is the flagship. The beacon of the sector.
CANN is about to release the fury. The event is being underestimated. No company in the sector is positioned better. Another gap opening tomorrow up.
Tomorrow is gonna be another epic day.
What would day be without night?
I think we test daily highs. Folks are going to see another gap open tomorrow. Anticipation of news.
Looking for that lunch surge to 4.50.
The event is happening tomorrow. Lots of good vibes. A great stage to unveil growth and expansion. New investors coming on board.
We are still dealing with stingy traders though.
With news imminent and management feeling the mojo it very well could be today. Tomorrow will be another gap up day.
CANN showing $4.33 on the ASK?
The event with CANN hosting is being underestimated by some. CANN is getting set to reel in new business ventures, capture new market venturers, reintroduce itself to the current media already following, and introduce itself to a new slew of industry and mainstream media as the leader in their MJ sector.
Management is truly stoked.
Soon it will be marginable. You can double down with no added cash
7,500 guests and business owners coming to an event hosted by CANN this week in Vegas. Are you guys feeling it?!?
And CANN's CEO declares he's feeling giddy about it all.
2017 is going to be a great year for us and the other sharp lads on this board!!!
Being busy is a good thing. Just let me know and I will work your hours.
You already know tomorrow will be be another gap up opening.
Let's roll!
With news of CANN imminent, let's get to traditional level of $4.20 today!
I'm pi$$ed cause my user name is no longer at the top sprinter the stickie post. Gonna have to work harder.
It's coming though. Let's get this puppy going.
General Cannabis Corp (OTCMKTS:CANN) to Pursue Aggressive Course:
http://oracledispatch.com/2016/11/12/general-cannabis-corp-otcmktscann-pursue-aggressive-course/
The article regarding aggressive growth and cash on hand to expand is the lead I will follow. Not a one time accounting entry that showed a blip for net loss.
Let's roll!!!
Low volume at times but sector selling on news were the biggest attributes.
Trading range is or has been $3 to 4.50. It could open and drop tomorrow to 3.10 to 3.30. I think tomorrow is a Green Day and we will looking to break $4.20 over the next two or three days.
Anxious to see how the premarket is and the first 15 minutes of trading go.
Least of my worries is legalization going forward. That chain is in motion and it's cutting through all barriers that'll lead to full tilt federal deregulation.
CANN is ready to launch aggressive expansion and they've got the funds to do so. All eyes on impending announcement coming in days, months, over the next few quarters.
Warlon - good find. The narrative is the same positives as the other. Strong improvements in revenue across the board in each division. Management extremely excited about near term growth and acquisition(s). Truly exciting stuff going on at CANN.
Red light. Yellow light. Green light go! Smooth operator she's a one man show!
Lmfao!!!!
My boat is loaded. Time to get a rental and load it too.
Management is certainly optimistic and confident. To be aggressive, the cash had to be readied. And they are.
Just trying to help. Lot of good people here. Hope everyone has a great weekend. CANN is going to outperform.
Very recently I posted that CANN likely has access to far more cash resources and/or credit facility for expansion than what has been shown to investors. And the article confirms that statement I made.
Here we grow!!!
RELEASE: General Cannabis Corp (OTCMKTS:CANN) to Pursue Aggressive Course
http://oracledispatch.com/2016/11/12/general-cannabis-corp-otcmktscann-pursue-aggressive-course/
General Cannabis Corp (OTCMKTS:CANN) has been running up the charts for the past few months as part of the broad and aggressive expansion of the cannabis industry on largely legal catalysts. As the reader will no doubt be aware, November 8 voting brought into place a coup of sorts for the marijuana space, as 8 of 9 states with ballot proposals saw passage by voters of greater legal status for marijuana. While that seems like a catalyst for gains from stocks in the space, as we proposed back in September, the play was almost certain to be a buy-the-rumor, sell-the-news trade. Now we enter the next phase, where we separate the real, longer-term winners from the crowd of pretenders.
Recent action has seen 10% added to share values of the name over the past month of action. The situation may be worth watching as CANN sets up well. Moreover, the stock has registered increased average transaction volume recently, with the past month seeing just under 220% above its longer-run average levels. This should not be overlooked with a float in play that’s extremely small — just a tad more than 9.1M shares. It’s something the veterans know to key on: ramping trading activity can overwhelm available supply in a stock with this type of small float, leading to an upward burst in prices.
General Cannabis Corp (OTCMKTS:CANN) trumpets itself as a company that provides services to the regulated cannabis industry in the United States. The company engages in the acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners; and provision of security services, including on-site professionals, video surveillance, and cash transport to licensed cannabis cultivators and retail shops.
It also designs, distributes, and sells apparel featuring graphic designs; and offers consulting services to the cannabis industry that comprise obtaining licenses, compliance, cultivation, logistical support, facility design, and building services. In addition, General Cannabis Corporation provides shared office space, networking, and event services; and leases cultivation equipment and facilities.
The company was formerly known as Advanced Cannabis Solutions, Inc. and changed its name to General Cannabis Corporation in June 2015. General Cannabis Corporation was founded in 2013 and is headquartered in Denver, Colorado.
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There were some interesting details in the company’s recent 10-Q. This is particularly true of the company’s commentary around the real estate leasing side of the business:
“We own a cultivation property in a suburb of Pueblo, Colorado, consisting of approximately three acres of land, which currently includes a 5,000 square foot steel building, and parking lot. The property is zoned for cultivating cannabis and is leased to a medical cannabis grower until December 31, 2022. Our real estate leasing business plan includes the potential future acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities would range in size from 5,000 to 50,000 square feet. These facilities would only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants would include certain requirements that permit us to continually evaluate our tenants’ compliance with applicable laws and regulations.”
We also like the general tone of the company’s culture: “We operate in a rapidly evolving and highly regulated industry that, as has been estimated by some, will exceed $30 billion by the year 2020. We have been and will continue to be aggressive in executing acquisitions and other opportunities that it believes will benefit us in the long-term.”
This is now a realistic attitude given the huge growth in cash on the books over the past 12 months as well as the likely increased access to capital resources from financing partners following the strong victory in the ballot boxes by the industry.
Earning a current market cap value of $53.9M, CANN has a pile of cash on the books ($1.1M), with total assets topping $3.5M, which must be weighed relative to an appreciable load ($2.59M) of total accumulated debt. CANN is making real money, with trailing revs already coming in at $2.67M.
In addition, the company is starting to see major topline growth, with quarterly y/y revs increasing at 64%. That creates a compelling picture during this period of differentiation among cannabis players. We will update the narrative again soon as events dictate. For continuing coverage on shares of $CANN stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Im too drunk to type it right.
Truth be told.
I have 7 women on my mind.
4 want to stone me.
2 want stone me.
1 says she's a friend of mine.
Boom!! You got it. Torn up and ripped up!
At a concert. Hint is "These Are The Best of Times".
All eyes on the MJ event. CANN already stated revenues already set for record 4th quarter. California will double or triple growth or even more with acquisition coming for 2017.
Break Point!!! The ultimate ride. Should I say good luck to you? Coincidentally "Johnny Utah" is one of my favorite go to bars in New York City. We hit $20, drinks on me! Beer that is.
You will teach me the ride.
Honestly, I've learned as much from you or more. There's no better at keeping folks informed as you. I do appreciate all that you have done.
You've missed the point. It's all about market cap justification. Management has huge plans for Cali. Movie stars migrate to Canada and MJ moves in. Half the problem fixed in an instant. Those socialist pigs can leave. Just hang tight and you'll see CANN's model unfold.