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Totally agree.
I will definitely be listening to the conference call posted below because if they make money under the "HALF BAKED" name then we make money. This will further disprove any notion whatsoever that they are dealing with a shell company. DD is king.
Nightfood Quarterly Report Discloses Highest Revenue Quarter to Date; Investor Call Scheduled for May 28; Updates on Ice Cream Distribution, New Product Development, Munchies
GlobeNewswireMay 15, 2019, 7:15 AM EDT
Tarrytown, NY, May 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nightfood, Inc. (NGTF), the innovative company solving America’s $50 billion-dollar nighttime snacking problem, filed a quarterly report yesterday for the three month period ending March 31, 2019, with revenue of $159,575. This is the highest revenue quarter in Company history.
“We’re not going to make some irrelevant year over year comparison by percentage which provides no useful context for investors,” stated CEO Sean Folkson. “January was a new start for the Nightfood brand with the manufacture of our first pint of ice cream, and we’re on the path to meaningful quarterly revenues.”
The Company also announced today that an investor conference call has been scheduled for Tuesday, May 28, 2019, at 4:30 PM eastern.
Topics expected to be covered on the call include Nightfood ice cream distribution, an update on new Nightfood products currently in development, and an update on MJ Munchies and the Half-Baked marijuana brand.
Agreed. I think the writing is definitely on the wall on this one.
This is why I believe this. The key word as stated in the paragraph below by the CEO of MJ Munchies is DISTRIBUTION.
We’re excited to work with a company that shares our vision for national awareness and distribution,” added MJ Munchies CEO Sean Folkson. “They have a track record of success in manufacturing and distributing a varied line of products that succeed at retail. We’ve been working on this for some time, which is why we have not been commenting publicly about the MJ Munchies side of our company. Now, the broad strokes are in place, and we’re going to work together to quickly finalize the agreement.”
I might be reading too much in between the lines here but if I were a betting man I would say the letter of intent has turned or is turning into a letter of action. We WILL know before the end of this month for sure.
Nightfood Schedules Fourth Ice Cream Production Run for June; Product of the Year Winner Building Inventory in Advance of Major Partnership Announcement
GlobeNewswireMay 1, 2019, 7:28 AM EDT
Tarrytown, NY, May 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nightfood, Inc. (NGTF), the innovative ice cream company solving America’s $50 billion-dollar nighttime snacking problem, announced today that the company has scheduled a fourth ice cream production run for June of 2019.
The Company already has production scheduled for mid-May, but an additional run has been necessitated by a major distribution partnership agreement the Company signed earlier this week. The June production run will be the fourth production run in the first half of the year for the ice cream startup, and the largest to date.
Management is targeting a total of 240,000 pints produced for the June run. This is more than twice as large as any previous run, and represents over $750,000 in revenue potential. The May and June run combined target over 330,000 pints manufactured and revenue potential well over $1,000,000.
“While we’re not yet ready to announce the partnership, this is a situation where actions speak louder than words,” commented Sean Folkson, Nightfood CEO. “With this June run, we’re scheduled to complete north of 500,000 pints in our first 6 months of production, and I expect the second half of the year to be much busier.”
Nightfood’s PR firm, T3 Shamrock, has secured significant media coverage for the upcoming partnership announcement, about which Folkson previously stated, “I’m projecting that it’s going to bring exponential growth to us for the next several quarters.”
“We’ve been in touch with our vendors and suppliers to ensure we can meet our projected growth for the remainder of this year and into 2020,” disclosed Jim Christensen, Nightfood VP of Ice Cream Sales. “At this point we’re expecting to produce monthly and with ever increasing run volumes.”
Nightfood’s financing source, Eagle Equities, has been providing capital for the inventory build and other expenses in preparation for this new distribution partnership.
I totally agree. And even if all of the numbers you posted were off by half, that is still some serious money being made by this company and it will convert into a definite upswing to the pps. Go GCGX.
This is according to a poster on another board.
GCGX - Global Consortium Inc.
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Frank
Frank1 hour ago
I sent an email to Matt and he responded within a couple of hours.he said that he is not preparing financials personally and that he is beholden to the company preparing the financials but he has been told that they r very close to being completed and will b released asap.
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Frank
Frank23 minutes ago
my pleasure
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Jp
Jp42 minutes ago
thank's Frank
Reply1
Bubba who?
Bubba who?1 hour ago
thanks Frank, that's good news! ??
Congrats to Global Consortium on all their great progress:
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6:50 PM · Nov 21, 2018 · Twitter Web Client
Ok, I have posted this once before but this is for those that perhaps missed it the first time. First, my advice would be to stop listening to certain people on this board that state they spoke to Dwyer the other day, etc, etc. Those are definitely lies. Next READ BETWEEN THE LINES as to what Marc Adesso is saying here. There are hundreds if not thousands of cannabis companies out there. There is a reason he mentioned Global Consortium on his Twitter page back on Nov 21, 2018. Because he is the attorney working for this company and in due time, he will be the one responsible for getting this company on the Nasdaq. Case Closed.
Marc Adesso
@MarcAdesso
Exactly. Other companies wish they had this problem. A positive one.
Nicely stated.
We should be thankful that GCGX wants and is going to adhere to the GAAP guidelines. This was put in place after the "Great Depression" for the sake of transparency and to help protect investors that have a vested interest in a company. In those days many people lost everything.
U.S. law requires businesses that release financial statements to the public and companies that are publicly traded on stock exchanges and indices to follow GAAP guidelines, which incorporate 10 key concepts:
Principle of regularity: GAAP-compliant accountants strictly adhere to established rules and regulations.
Principle of consistency: Consistent standards are applied throughout the financial reporting process.
Principle of sincerity: GAAP-compliant accountants are committed to accuracy and impartiality.
Principle of permanence of methods: Consistent procedures are used in the preparation of all financial reports.
Principle of non-compensation: All aspects of an organization’s performance, whether positive or negative, are fully reported with no prospect of debt compensation.
Principle of prudence: Speculation does not influence the reporting of financial data.
Principle of continuity: Asset valuations assume the organization’s operations will continue.
Principle of periodicity: Reporting of revenues is divided by standard accounting time periods, such as fiscal quarters or fiscal years.
Principle of materiality: Financial reports fully disclose the organization’s monetary situation.
Principle of utmost good faith: All involved parties are assumed to be acting honestly.
I'm glad you mentioned Amazon because at one time they only sold books. Nobody in their right mind would've ever thought they would be the company they are today. But because of the vision the CEO had they have been able to flourish beyond anyone's wildest dreams. But even that took determination and time. Overnight successes are very rare. You must be able to crawl before you can walk and walk before you can run. Let us not forget that as far as company's are concerned, GCGX is technically a company still in its infancy. But they are undergoing a tremendous growth spurt. I think one thing we can all agree on is that this month of May will be the most telling of them all.
Boy, I sure am glad that the CEO of MJ Munchies sees Matthew Dwyer in a different light. Matthew supposedly can't talk the way people would like him to. But how amazing it is that he is able to speak well enough to convince a CEO of another company to go on some type of joint venture together. LMFAO. As long as deals are getting done and the company is progressing and making money then he can stutter or speak with a slur for all I care.
We’re excited to work with a company that shares our vision for national awareness and distribution,” added MJ Munchies CEO Sean Folkson. “They have a track record of success in manufacturing and distributing a varied line of products that succeed at retail. We’ve been working on this for some time, which is why we have not been commenting publicly about the MJ Munchies side of our company. Now, the broad strokes are in place, and we’re going to work together to quickly finalize the agreement.”
Ok, and if you reread my post I never once stated that you said he was a criminal. When I write a post, I am fully aware of the fact that all that are able to can read what I say. And the fact of the matter is that there are certain people on this board that have stated he is a criminal. And no, I have no worries whatsoever. I'm not having any heart palpitations over this. And yes, there was another person named Matthew Dwyer but we are going to believe what we are going to believe.
That's funny and an entertaining thought at best. For those of us that have followed this board for awhile, we know it is a well established fact that there are 2 people with the name Matthew Dwyer. One was a con artist who can no longer do business and the other has worked in securities since 1986. That Matthew Dwyer is the Director, CEO and President of GCGX. This is not to say that he hasn't had some businesses in the past that have not failed or have not gone anywhere but that does not make a person a criminal. Businesses come and go all the time. But one thing he has done is this. He saw an opportunity to enter a field of business that with the right team in place will take this company to the top. This is the needle in a haystack or the diamond in the rough. The problem with many on this board is many have tunnel vision. It's always Matthew this and Matthew that. My advice to anyone on this board is go to the GCGX website and look at the fine team of individuals that Matthew Dwyer has put in place to take this company to the next level. We are talking about people with years and years of experience and with very high reputations on the line. They have a track record of getting things done. Matthew Dwyer is NOT a lone wolf in this endeavor. This is a team effort. I am sure there are negotiations going on beneath the surface that we don't even know about. One last word. If Matthew Dwyer is a criminal and has been in the business for over 30 years and hasn't got caught yet then if they ever make a "Catch Me If You Can" part 2 then they need to replace Leonardo DiCaprio with Matthew Dwyer.
I totally agree. And as I have stated before, there are many #'s being crunched.
I would far prefer to have to wait to see the financials of the company because of the mergers and the complexity of it all than to have a report come out on time with dismal #'s. Go GCGX.
Well said. If I had any doubts about this company, I wouldn't stick around. I would just take my losses and move on. But because I know this company is legit that would be utterly foolish. Yes, there is plenty of gold at the end of this rainbow for those willing to wait for it. Go GCGX.
Exactly. DD is the name of the game. True DD isn't based on wishful thinking. A business is kind of like planting a watermelon seed. If you are expecting to look out the window a week later and see a full grown watermelon sitting there then perhaps some people on this board should not have invested their money in this company. A business takes time to grow. The impatience I see from some on this board is mind numbing. My advice to others is go long and you'll have no worries. And for those worried because of a late filing. I see it as a good thing because this means there are more numbers being crunched. Remember people Matt and Tom are NOT the cpas putting these financials together. They have hired some of the best in the business. Let them do their job right the first time. Also we can look at the bright side. This will definitely be the last time the company will be able to use the excuse(though valid)of not being able to post their financials on time because of the mergers that have taken place. So everyone take a deep breath, calm down and enjoy the ride. Go GCGX.
And just because you say someone is a criminal without facts, I would assume the same applies. LMAO
These companies are changing what it means to be a traditional cannabis company in the marijuana stock market
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Submitted by Marijuana News on Tue, 03/26/2019 - 10:42
The marijuana industry of recent has quickly become dominated by companies that are changing the way the market works overall. While not all companies are putting forth this level of innovation, it seems like the ones that are, are finding new successes in the space. In this sense, the market cap is less of an issue considering the new products and new methods that companies are putting forward to find success in the budding marijuana market.
Global Consortium (GCGX) is a cannabis investment firm that has been working in several sectors of the market to date. The company works with their various subsidiaries to do everything from produce edibles to building out new facilities never before been tried in the industry. Led by executives who have a large amount of combined experience in the market, the company has caught a lot of attention in the past year or so.
Story Continues Below
In recent news, Global Consortium stated that they have been working on completing their latest project. This project, known as the Cannabis Mall, is the first of its kind in the industry. Recently, they announced that through an amendment filed with the city, they have stated that they are adding a testing facility into the cannabis mall. Testing has become a huge part of the production of cannabis due to the need for potency information and the like.
Currently, the Cannabis Mall is going through the process of receiving a power upgrade. In order to power all of the various heavy machinery needed for all of the work being done in the mall, they need a few licenses that will effectively give them access to more power in the space. The goal is that the facility will be complete in the next 6-8 weeks which is quite a quick turnaround time for the company.
In regard to the Cannabis Mall, it will house everything from manufacturing, distribution, delivery, retail, testing, and cultivation. All of this will take place under one 64,000 square foot roof. According to one report, the Mall will also house the largest manufacturing facility of THC and CBD distillate and edibles operational within the whole of the U.S. This is also quite a feat, and many investors are excited to see where the company can
Global Consortium Inc. (GCGX) Says Uplisting Process is Underway, Receives Annual Cannabis Manufacturing License
April 26, 2019
During an investor conference call, GCGX’s CEO noted that the company’s ultimate goal is to be listed and traded on the Nasdaq
California has issued an annual license for adult and medicinal cannabis manufacturing to Global Consortium Group LLC
CEO Dwyer added that GCGX subsidiary Infused Edibles is expected to see its production operations relocated to Sacramento, California, by the end of Q2
Global Consortium Inc. (OTC: GCGX) CEO Matthew Dwyer said during an investor conference call (http://nnw.fm/YCe7l) that the company has already started its uplisting process by consolidating financials for its audit team. Following that, the company plans to begin the registration process to become listed and ultimately traded on a major stock exchange.
“Our goal is to go on Nasdaq and trade on that exchange,” Dwyer said during the call. He referred to the strategy of various companies in the cannabis space that were first listed on the Canadian Stock Exchange in Canada before trading on the Nasdaq in the United States.
Headquartered in Florida, GCGX is a diversified cannabis holding company that has a portfolio of companies related to cannabis, including Infused Edibles and Indulge Oils.
Dwyer also discussed the required California annual state license for manufacturing cannabis. After the call, the company tweeted that it had been granted an annual license for adult and medicinal cannabis manufacturing through April 9, 2020, by the state of California. The tweet included an image of the actual manufacturing license.
During the call, Dwyer also explained that the production operations of subsidiary Infused Edibles will be relocated to Sacramento, California. The move, he said, will take place by the end of Q2. Infused Edibles markets an infused menu that includes tinctures, gummies and cannabidiol. It also offers several products that require the addition of water, such as brownie and chocolate chip cookie mixes (www.InfusedEdibles.org).
Additionally, Dwyer provided insight on the location of the cannabis mall that the company is planning. The 64,000-square-foot unit will provide manufacturing, distribution, retail, testing and cultivation facilities, all under one roof. Dwyer noted that the cannabis mall will be located in Sacramento, California.
For more information, visit the company’s website at www.GCGX.org
You don't have to own the building. As long as GCGX per contract with the owner specified that they were going to sublet part of the building and the owner agrees(of which he would have to or it would be illegal)then that is all that is needed. See below.
YahooFINANCE
Global Consortium, Inc. continues to build out America's first Cannabis Mall
GlobeNewswireFebruary 4, 2019, 7:00 AM EST
America's first Cannabis Mall
Distribution opening shortly
Expanding footprint across California, expanding brand portfolio
COCONUT CREEK, Fla., Feb. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Global Consortium, Inc., (OTCPINK: GCGX) is designing and building out America's first "Cannabis Mall".
The Cannabis Mall, when completed will house Manufacturing, Distribution, Delivery, Retail and Cultivation all under one 64,000 square foot building. The Mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States.
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The Distribution space will be leased out to a 3rd party with a 50% revenue share for Global, and all of Global's products will be distributed for free. The completion of the build out and final inspections are expected to be completed by April 1, 2019, at which time Distribution will go operational.
The Delivery space will operate the same as Distribution and is expected to come operational in the next Quarter.
While we wait for Distribution and Delivery to come online, Global is busy forging relations to expand our footprint beyond Sacramento. Global is seeking to acquire other brands to manufacture and add to their portfolio.
And just for comparison, the entire square feet of a professional football field including the end zones is 57,600sq ft. Go GCGX.
How many square feet is a soccer field? The answer is there is no set answer. The recommended dimensions are 105m x 68m, which gives you 7,140 sq metres, which is 64,000 square feet approximately. However, few if any pitches match those precise dimensions so you will see a range.
That mall is HUGE. And unlike most malls we go to, all revenue will go to one company. Yeah, you guessed it. GCGX. Even if the company decides to lease out any space, they will also be collecting revenue from that.
The only problem is a lot of what is said on this board is stated as facts without proof. Let's see, if many people on this board truly believe that Matthew Dwyer is a criminal then whoever believes that should have done their DD before investing in this company. And that's just one example.
I would agree to a point but in this case it probably wouldn't matter. The fastest form of advertising that has ever existed is "word of mouth" advertising. Of course they are going to do all kinds of advertising once the mall is fully operational. I believe people are going to flock to this like vultures on roadkill. I do believe they are doing business already filling backorders, etc. But as far as the general public is concerned any business could do themselves more harm than good by opening their doors if they are not prepared for it. Example: If I decided to open let's say a Dunkin Donuts and I knew I did not have everything ready and people started coming in or going through the drive thru and I had to tell everyone. "I'm sorry but right now we only have coffee and no donuts or vice versa. The owner most definitely would not have done himself any favors by doing that. Hopefully that makes some sense.
As far as the location or directions to the mall are concerned. I believe they are waiting for the day when they have their "Grand Opening" to release that information. Then I am sure the address will be advertised everywhere possible so they can rake in the money. That will be a good day indeed.
Exactly
I just noticed that the Adult-use and Medicinal-Distributor Temporary License expires on 4/27/2019. As with the other license, I am sure that we will most likely see an update about the company having received the annual license for Adult-Use and Medicinal-Distributor Temporary License no later than the 27th of this month. Most if not all licenses are renewed before they expire. It's just more good news on the horizon. Go GCGX.
Spring Frost
An early spring seeded hemp crop is more tolerant to frost than a later seeded hemp crop. Hemp germination can start as soon as temperature exceeds the zero mark (1 to 2°). A Russian study reported that germinated seeds can withstand -5° frosts for a period of two weeks and up to -15° for 24 hours under low soil moisture conditions. Plants at the seedling stage easily tolerate frosts to about -7°. Numerous volunteer plants often found in fields in the subsequent year are the best indication of fairly high frost hardiness of hemp at early developmental stages.
Fall Frost
Early fall frost that frequently affects many areas of the Canadian Prairies could be beneficial for hemp growers. Below zero temperatures act as natural desiccant, facilitating maturation of the crop and permitting earlier and more effective combining. It is particularly advantageous in the case of late maturing, fibre type varieties where leaves and bracts can remain green and the seeds are mature. A killing frost causes leaf drop and desiccation of the seed head, leaving bare stems and reduced biomass volume to be combined.
Oh, and one more point I'm going to make. I remember during the conference call Matthew Dwyer stated the reason Tom Roland was unable to be on the conference call also was because he had a more important call to attend to. Hmmm. Oh yeah I remember. He was on the phone with the state of California talking about the license. And with the info released today it just continues to prove who the real liars are.
Ok so today is the 15th of April. For many this is considered the deadline to file your taxes IF you owe the government any money. Every year around this time millions of people ask for and are given in most cases 6 month extensions to complete their taxes. Does this mean that everyone that asks for an extension has a nefarious reason for doing so. Of course not. Also when company's ask for extensions they do have a much shorter time frame to do this by law. I believe it is 15 days maximum.
Ok, I'll be the first to admit that I thought the financials would be posted today and they weren't. Big deal. So I have to wait another 7-10 days. For those that do remember this is not the first time they requested additional time but they did do it. And I do not understand why many on this board put all of the blame on Matt Dwyer anyway. I'm sure he provides some if not all of the information needed but it is the highly reputable company or companies they have hired that are doing all of the number crunching for GCGX.
That is incorrect. If I am not mistaken April 15th is the deadline when this company MUST post their annual report.
With a team like that, I think Monday is going to be a very good day. Go GCGX
Meet the Team
Matthew Dwyer, Director, CEO, President
Matthew has been working in the Securities industry since 1986, when he began his career working for Donaldson, Lufkin, and Jenrette then went on to hold several securities licenses until 1991 when he ventured off on his own. Matthew has worked in all sectors of the industry, from owning an Investors Relations company with one of the first call rooms to working on Reverse Mergers and debt financing.
Matthew has a well versed working knowledge of the securities industry working with both OTC and SEC Reporting companies.
Manuel Losada, Director (Incoming President)
Manny has over 30 years of healthcare industry experience dedicated to building and achieving profitability and growth.
Extensive background includes medical/surgical and device manufacturers, distribution and supply chain, group purchasing organizations, pharmaceuticals and medical product delivery systems. Proven track record of successful mergers and acquisitions, business development, and long-range planning for Fortune 500 and multinational companies. Energetic professional with exceptional analytical, organizational and people skills. Strong personal ethics and integrity. Highly organized team-builder with strong leadership experience and excellent communication skills.
Andrew Moll, Independent Director
Andrew has worked as a sales rep for approximately 25 years calling on all types of stores including specialty, resorts, sporting goods, casinos, major department stores and mass merchants such as; Macy’s and Kohl’s, as well as all major Vegas casino gift shops. Bass pro, Cabelas, West Marine, NASA, Ron Jons. He did private label production overseas and domestic for NASCAR, Wal-Mart, Coca Cola, Six Flags, Disney, Universal Studios, Sea World, and Hard Rock. In addition, he spent 10 years working with USA retailers and apparel brands to secure overseas production with factories in Central and South America as well as China, India, and Pakistan. Andrew has spent the last 8 years as V.P. of Sales for a Resort Athleisure company.
Tom Roland, Chief Operating Officer
Tom Roland our COO is the founder of Indulge Oils. Tom has built a strong reputation in the business over the past 5 years for delivering a superior product and delivering products on time. Tom will operate our Cannabis Mall and oversee all of the manufacturing for both the Edibles and Distillates.
Tom is a proven entrepreneur experienced in building profitable companies. He has a passion for entrepreneurship, developing innovative approaches to industry challenges and building vibrant company cultures. He accelerates development and deployment of solutions while maintaining profitable growth.
Tom also serves as an advisor to several start-up ventures and continues to empower teams though his provocative leadership.
Waller Lansden Dortch & Davis, LLP Marc Adesso, Securities Counsel
Marc is recognized for his work on securities regulation and corporate governance, and has established a national practice counseling issuers conducting mini-IPOs under Regulation A+ of the JOBS Act, which currently allows companies to raise up to $50 million per year from the general public.
Additionally, Marc is a key member of the firm’s blockchain and cryptocurrency practice, and is lauded as one of the world’s top attorneys in the area of registered offerings of cryptocurrencies, such as ICOs.
In recognition of his national reputation in the space, as well as being Tennessee’s only veteran cannabis attorney, Marc chairs the firm’s legalized cannabis practice, which counsels clients on the rapidly changing landscape facing the cannabis industry. Under Marc’s guidance, the firm has counseled clients in matters such as capital raising including IPOs, integration with healthcare providers, joint ventures with universities, licensure, supply chain verticalization, international transactions and challenges with the banking system
If any of their products under the "Half Baked" brand name goes global then in a sense so do we.