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i get updates. info@rossgold.com
If I controlled this shell, I would roll it back to about 1MM. I would then exercise the preferred shares to make the o/s 100MM.
Even with the convertable notes, the controlling preferred shareholders would retain 98% of the shell, and as an added bonus, meet the threshold of minimum number of shareholders to uplist.
Management debt would bee aged and eligible for free trading stock under 144. An added bonus.
Joe. I feel for you having gotten so worked up about an investment. Playing the OTC can be like playing the lottery.
As my good friend said, never fall in love with a stock.
Yup. He knew it was over long before he fired WM as a client. But with unpaid invoices, he stuck it out. He regrets that now and now has a policy of not taking on friends as clients.
Unlike you I have a life besides that of sitting on the bull board of a dead stock
Please send link of testing
Love affair over, eh?
This deal is done. It has been for a while.
So surprised that the stock is below $2.00. Ok. Not really
Unless the funders have written it off.
Happens all the time on the OTC. And other small cap exchanges/boards.
But he isn't even filing
I believe canada post does the age and identity check on delivery. Nope
Good question. How.
He can travel USA and CAD. No legal issues.
Try emailing them.
Of course they say that.
Dilution
CannaRoy should look at Canadian brands too - ie https://www.thestar.com/news/gta/2017/04/22/budding-cannabis-industry-scores-high-profile-fans.html
Tweed mentioned in the star on the weekend
https://www.thestar.com/news/gta/2017/04/22/budding-cannabis-industry-scores-high-profile-fans.html
Is it me or is the website down?
Budding cannabis industry scores high-profile fans
Olympic gold medallist Ross Rebagliati and former NBA star Rick Barry offered weed endorsements at the O’Cannabiz Conference and Expo in Toronto, focusing on business opportunities in an exploding industry.
https://www.thestar.com/news/gta/2017/04/22/budding-cannabis-industry-scores-high-profile-fans.html
LOL. I used to know things. Now I am in the cold.
If they sold the IP an 8k would be triggered.
I go away for a few weeks and they file? Wow.
Leafly: Outcast to Entrepreneur: Olympic Champion Ross Rebagliati's Cannabis Redemption
https://www.leafly.com/news/industry/outcast-entrepreneur-olympic-champion-ross-rebagliatis-cannabis-redemption
Ross Rebagliati says pot increases focus and endurance while making him a better parent
by Amanda Siebert on November 23rd, 2016 at 12:20 PM
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Olympic snowboarding gold medal winner Ross Rebagliati recommends moderate cannabis usage as a healthy alternative to ingesting alcohol or prescription drugs.
Long before professional athletes like Michael Phelps and the Diaz brothers were open about using cannabis, Ross Rebagliati was cast into the public spotlight for a practice that few would deem synonymous with increased athletic ability—but for the Olympian, smoking pot has proven to be just that.
The first person ever to win a gold medal for snowboarding in the Olympics—and to be stripped of said medal for smoking marijuana, only to later have it reinstated—Rebagliati is eager to share the benefits of using what he refers to as a performance-enhancing substance.
“From my own experience, I’ve found that it helps me really focus on my workouts—not just when I’m there [at the gym], but also to get me there in the first place,” the athlete and entrepreneur tells the Georgia Straight from his home in Kelowna.
“It gives me that extra little bit of inspiration and motivation to get out and do it again for the millionth time,” he adds.
It’s precisely that induced excitement, Rebagliati says, that helped make him faster and stronger in his training leading up to the 1998 Winter Olympics in Nagano.
Although Rebagliati, 45, is no longer preparing for international competitions with gruelling three-hour-a-day, six-day-a-week workouts, he still likes to use cannabis for endurance sports like cycling.
Using a vaporizer that he conveniently stores in his jersey while on the road, Rebagliati says a good puff not only helps block the pain of lactic-acid buildup in his muscles but also sets him in motion to surpass his previous day’s mileage.
“There are moments when I start to say ‘That was good, you can turn around now,’ but instead I tell myself ‘Let’s beat yesterday’s time,’ ” he says.
Without naming names, he says he’s aware of many athletes who use cannabis to give them added drive and to help manage pain, but he notes that more often than not, dollars and cents get in the way of their ability to publicly advocate for the drug’s benefits.
“There are athletes in all sorts of different positions, with sponsorships and contracts, and sometimes they say things about cannabis use, but a lot of times, they aren’t in a position to speak out because they’re worried about losing corporate relationships,” he says. “I don’t feel like I have anything to lose.”
Asked if he thinks athletes will ever reach a point where they can be open about getting high, he points to the increased use of marijuana by seniors as an indicator of what’s to come for the sports world.
“The senior population is coming around, which might go against people’s intuition, but if you look at it pragmatically, they’ve gone down the pharmaceutical road their whole lives, so with the research coming out and it being natural, it makes sense.”
For Rebagliati, the notion that cannabis can be part of a healthy lifestyle for athletes and couch potatoes alike isn’t a foreign one.
It’s precisely this idea that Rebagliati hopes to deliver through his company, aptly named Ross’ Gold. “We champion medicinal cannabis use in a responsible healthy fashion and promote its benefits to the athlete in all of us,” its website mission statement reads.
“I’m not marketing to athletes, but it’s more of a message that there’s potential in each of us, and cannabis can be part of that potential,” Rebagliati says.
Although the idea for Ross’ Gold began percolating after his rise to fame in 1998, it wasn’t formally launched until 2012.
With a current product line consisting of glassware, apparel, vaporizing pens, and grinders, as well as a promise that several Rebagliati-approved strains of medical-grade cannabis and cannabis extracts are on the way, he says it was hearing about patients’ dissatisfaction with the mail-order cannabis stipulated by the Har-per government’s Marihuana Medical Access Regulations program that put him on the path to creating Ross’ Gold with business partner Patrick Smyth.
With legalization pending, Rebagliati hopes to open upwards of 100 stores through a franchising program in the next five years. The first is about to open in Kelowna.
When he’s not managing his business or putting miles on his bike, Rebagliati is a family man. Without hesitation, the father of three says that using cannabis makes him a better parent.
“Parents need every healthy advantage that they can get,” he says. He notes that—although being a parent is “one of the best experiences in life”—making the most of that experience every day “can sometimes be tough”.
Referencing the Rolling Stones song “Mother’s Little Helper”, Rebagliati says parents have an alternative to alcohol and prescription drugs. “Cannabis is a healthier choice, and really, it should be known as a family-oriented substance rather than alcohol.
“It’s something nonaddictive, noninebriating that reduces anxiety and enables you to be a very in-tune parent, and I think more people should think of cannabis in this way,” he says. “If there is a stigma, there definitely should not be.”
As for marijuana’s rep among athletes, he encourages those who use it to continue doing what they’re doing, without apology.
“In moderation, cannabis can be a really healthy part of your life, and athletes that choose cannabis over doping or painkillers should really be proud of themselves.”
Follow Amanda Siebert on Twitter and Facebook.
Ross' Gold™ Founder Ross Rebagliati extensively featured in Transworld Snowboarding's article called "Green Progression: Weed and Snowboarding in British Columbia"
WHISTLER, BC--(Marketwired - January 05, 2017) - Ross' Gold™, a division of Green and Hill Industries Inc. (OTC PINK: GHIL) (the "Company"), was pleased that it's founder Ross Rebaglaiti was featured in an article called Green Progression: Weed and Snowboarding in British Columbia written by Jesse Huffman for TransWorld SNOWboarding.
The article speaks about how snowboarding rose from nothing to being an Olympic Event in a little over a decade and some of the key players involved in its early days and now including Shin Campos, Kale Stephens and Andrew Geeves.
In the article, Jesse Huffman writes, "In 1987, snowboarding was lurching from an easily dismissed fringe activity to a loud and neon-colored blip on the national ski industry radar. There were already pro riders and even a Swatch-sponsored World Snowboarding Championship, but at that point Rebagliati and friends still couldn't ride the lifts in Canada. That switched a year later when Blackcomb opened to riders-Rebagliati was on the first chairlift up. Blackcomb embraced snowboarding, creating parks and hosting Craig Kelly's World Snowboard Camp. Rebagliati scored a World Snowboard Camp coaching position in the summer of 1988 and walked away with a Burton sponsorship deal. By 1990, he was a force on the local snowboard competition circuit as both an alpine and freestyle rider."
An excerpt goes on as follows: "Especially in British Columbia, weed and snowboarding grew up together. The drug is inching closer to legalization, while snowboarding transforms further into a 'sport.' Each is in the midst of a chaotic shift toward the mainstream. Growers and dealers seeing their profits go up in smoke as the industry becomes government regulated are likely pissed, but the average user can worry less, walking around with a bag in their pocket. Snowboarders concerned more with the culture than the sport aren't thrilled with Olympic hype and the push toward competitors becoming 'athletes.' The stakes may be different, but one thing is for sure: snowboarding and weed, especially in BC, will always be part of the same strain."
Ross Rebagliati, CEO of Green and Hill, commented, "Jesse hit it out of the park by painting an incredible expose about the roots of snowboarding and their intertwining with the emerging cannabis culture. Those of us who were the rebels of snowboarding are now the ones who understand the medicinal benefits of cannabis. We champion medicinal cannabis use in a responsible healthy fashion and promote its benefits to the athlete in all of us. We aren't just marketing to athletes, but it's more of a message that there's potential in each of us, and cannabis can be part of that potential."
The World's #1 Snowboarding Magazine and Website. Since '87 the TWSNOW staff has traveled the globe bringing you the most progressive snowboarding. The article may be read in its entirety at http://snowboarding.transworld.net/photos/green-progression-weed-snowboarding-in-british-columbia/
About Jesse Huffman
Jesse Huffman is a freelance writer and producer with over a decade of experience in commercial communications, and over 15 years in editorial. His clients include international brands Nike, Google, The North Face, Lego and Burton as well as non-profit organizations The National Wildlife Foundation, Protect Our Winters, Green Patriot Posters and the Bamboo Bike Studio. His stories and reports have been published in The New York Times, Men's Journal, ESPN, Outside, The Christian Science Monitor and National Geographic Adventure, among many other outlets. A native Vermonter, Jesse lived in the Pacific Northwest for ten years, before moving to New York City to earn his Liberal Arts BA from the New School University. Now relocated back in Vermont, Jesse likes to surf, snowboard, skateboard and hang with his family.
For more information, a complete client list, or project estimates, please contact Jesse at jessehuffman@gmail.com.
About Green and Hill
Green and Hill Industries Inc. is the owner of Ross' Gold™, an international super-brand founded by Olympic Gold Medal winner Ross Rebagliati who is a spokesperson for the benefits of medical cannabis, especially as it relates to sports training, injuries, pain management and stress.
The Company sells multiple retail products in North America including a line called Ross' Gold Glass™ which features products including vaporizers, glass smoking products, water pipes, bubblers, and hand pipes, Ross' Gold™ apparel products including t-shirts, jackets, hats and accessories; Ross' Gold™ Kube Gold Grinders, and Ross' Gold™ Vape Pens. The Ross' Gold™ lines are available in over 125 stores across Canada including at the Ross' Gold™ Kelowna flagship store, as well as online.
Ross Rebagliati and Ross' Gold™ have been featured and continue to be featured in the media on television and print including VICE, The Washington Post, USA Today, High Times, NBC, CBC, CNN, Yahoo Sports, Die Welt, CTV, The Toronto Star, The Denver Times, Sports Illustrated, The Pique, Leafly.com, Whistler Question, NORML, Huffington Post, Transworld Snowboarding, The Inertia, The Daily Telegraph, and more. The Company is under a pre-development contract with a major production company for a television series tentatively titled Ross' Gold, and there is a full-length feature film in development.
Ross' Gold™ has instant brand-name recognition, talent and a broad base of cannabis users who have been following its story. It's ever increasing retail shelf space dedicated to its brands is increasing the value of the brand daily, and with full recreational legalization around the corner, Ross' Gold™ will be the number one brand of everything Cannabis.
Corporate: www.rossgold.com
Ross' Gold™ and Rokin To Launch the New Gold Standard in Vape Pens
Launch of the Ross Gold Special Edition Cyclone™ to Take Place at High Times Business Summit in Los Angeles Jan 19th to 20th 2017
LAS VEGAS, NV--(Marketwired - January 17, 2017) - Ross' Gold™ is pleased announce that it has entered into an agreement with Rokin LLC to brand and sell Rokin Cyclone™ Ross' Gold Special Limited Edition ™ Vape Pens.
The launch of the Ross' Gold Vape™ will be made at the HIGH TIMES Business Summit in Los Angeles January 19 - 20, focusing on the changes to the industry brought about by recent legalization votes in California and beyond. Please visit Rokin at the Los Angeles Convention center to experience a better way to vape. Visit http://www.hightimesbusiness.com/#high-times-business-summit for more information and registration.
The Rokin Cyclone™ Ross' Gold Special Limited Edition uses Rokin patent pending technology to advance the comfort and healthfulness of our products. Each kit will include 3 sealed leak resistant atomizers featuring a patent pending cooling drip cap that reduces the temperature of the vapor to provide a smoother more satisfying experience. The kits also include a USB wall charger, ego charger, stainless steel dab tool and a silicone container with two compartments.
Daryl Bauer, President of Rokin, commented, "We are excited to have Ross Rebagliati on our team. As a family owned and operated business, we believe that Ross' Gold™ is a great fit as the cannabis industry matures and becomes mainstream. Ross himself promotes a healthy, active lifestyle, and his commitment to his community runs deep, something we believe is valuable to our customers."
Ross Rebagliati, CEO Ross' Gold™, commented, "We are proud to have Rokin as our partner in the United States to help expand the industry on both sides of the border. The new technology that has gone into the Ross' Gold Cyclone™ transcends anything on the market today. Although I cannot come to the USA until granted a waiver because I admitted to consuming cannabis, we are hopeful that the new administration in Washington follows through with their mantra of welcoming foreign investment and creating American jobs."
About Rokin
Rokin, LLC founded in 2016 has taken on the mission to provide our customers with the highest quality, technology driven vaping products available while providing exceptional customer service. We proudly took our name in 2002 from a visit to the Rokin district in Amsterdam where we learned the art of vaping at the local cafes. Our goal is to capture the vaping market with flair by providing the community of users with high value, good looking, and superior performing products at affordable prices every day. As a family owned and operated business, Rokin has matured into a company that can rapidly engineer and modify new and existing products as technology improves. Our initial product has already added several simple solutions driven by user feedback that allowed us to surpass other offerings in the marketplace.
To achieve this high level of quality, our products are rigorously tested by Rokin and multiple consumer focus groups to ensure the products meet our quality standards before any production takes place. After a product is selected and production complete, the product is certified to the latest FCC, CE, and RoHS standards. The FCC and CE certifications are required for all vaping products, but Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which restricts the use of 6 hazardous materials commonly found in electronic products. Finally, we use an independent quality assurance contractor to test samples of our products at our production facility using Rokin's comprehensive inspection checklist.
Here at Rokin our mantra is, "to treat our customers the way we expect to be treated", which means that your satisfaction with our products are our #1 priority! This is the Rokin family and we want to become part of your family. For more information, please visit http://www.rokinvapes.com
About Ross' Gold
Ross' Gold™ is an international super-brand founded by Olympic Gold Medal winner Ross Rebagliati who serves as a spokesperson for the benefits of medical cannabis in the areas of sports training, injuries, pain management, and stress.
The Company sells multiple retail products in North America including a line called Ross' Gold Glass™ which features products including vaporizers, glass smoking products, water pipes, bubblers, and hand pipes, Ross' Gold™ apparel products including t-shirts, jackets, hats and accessories, Ross' Gold™ Kube Gold Grinders, and Ross' Gold™ Vape Pens. The Ross' Gold™ lines are available in over 125 stores across Canada including at the Ross' Gold™ Kelowna flagship store, as well as online.
Ross Rebagliati and Ross' Gold™ have been featured and continue to be featured in the media on television and print including VICE, The Washington Post, USA Today, High Times, NBC, CBC, CNN, Yahoo Sports, Die Welt, CTV, The Toronto Star, The Denver Times, Sports Illustrated, The Pique, Leafly.com, Whistler Question, NORML, Huffington Post, Transworld Snowboarding, The Inertia, The Daily Telegraph, and more. The Company is under a pre-development contract with a major production company for a television series tentatively titled Ross' Gold, and there is a full-length feature film in development.
Ross' Gold™ has cultivated brand-name recognition, talent, and a broad base of cannabis users who have been following its maturing story. It's ever increasing retail shelf space dedicated to its brands is increasing the value of the brand daily, and with full recreational legalization around the corner, Ross' Gold™ will be the number one brand of everything Cannabis.
Corporate: www.rossgold.com
Image Available: http://www.marketwire.com/library/MwGo/2017/1/17/11G127591/Images/Rose_single_upright_J2K-cc11475add06b10580be57ff4e103e9d.jpg
Vincent Mehdizadeh and Medbox. Finally...
The Securities and Exchange Commission (SEC) charged California-based marijuana consulting company Medbox and its founder with "falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry while so
e of its earnings came from sham transactions with a secret affiliate" on Thursday, March 9.
https://www.forbes.com/sites/debraborchardt/2017/03/10/sec-charges-marijuana-company-medbox-and-founder-in-pot-stock-scam/#7870004f67bd
Summary
Aurora Cannabis is one of the largest marijuana companies in Canada, and it depends on marijuana legalization for production scale.
However, scale is not the company's primary problem. Aurora cant even generate gross profit on current sales, and fixed expenses are ballooning.
Aurora's financial statements deserve scrutiny, and the company looks badly managed. Expect a huge amount of equity issuance.
(Growing Facility)
(Editor's Note 3/9/2017: We have updated this article to remove reference to "misleading" financial statements.)
Aurora Cannabis (OTCQB:ACBFF) is a Canadian owned and operated medical marijuana business running a 55,200 square foot facility in the Canadian Rockies. By market cap, Aurora is one of the largest marijuana operations in Canada, and it competes with Canopy Growth Corp (OTCPK:TWMJF), Organigram (OTCQB:OGRMF) and Aphria (NYSE:APH).
Aurora experiences mismanagement and significant cash burn from operations. The company can't even manage to generate gross profit, and its operating expenses are unjustifiably high compared to its sales performance. Many of these expenditures are discretionary because they relate to employee compensation, and this calls management priorities into question.
Aurora Cannabis: Variable Costs
Aurora claims to have 5.2 million dollars worth in current assets up from only 1 million in 2015. The liquidation value of these assets is debatable because the vast majority are inventory and biological. Biological assets are an IFERS classification for living animals or plants controlled by a company for economic benefit in the future.
Aurora's buildup of inventory could either be a sign of inefficient management or stockpile in anticipation of legalization. However, The third and most likely possibility is that Aurora is massively overstating the value of its cannabis-based biological assets. In the Consolidated Statements of Comprehensive Loss (Income Statement), Aurora reports an unrealized gain on changes in fair value of biological assets of over 3 million dollars. They use this large non-cash "inflow" to calculate a gross margin of 2.2 million dollars that, if taken at face value, would completely mislead most retail investors.
On a cash basis, the company lost around 800,000 dollars from variable costs alone; the cost of production is significantly higher than sales. Clearly, Aurora is not truly a subscale firm; its business would be unprofitable even if it sold 100x more units. Aurora needs to get its costs down and its sales prices up before worrying about volume. Volume growth will just mean bigger losses if things continue like this.
Aurora Cannabis: Fixed Expenses
When we get to fixed costs, Aurora looks even worse. The firm's operating expenses (usually related to management and employees) are ballooning at a rate unjustifiable by performance.
Expenses
2016
2015
Percentage Change
General and Administration
3,015,499
1,735,602
73.74%
Sales and Marketing
1,706,385
1,021,807
66.99%
Research and Development
565,140
432,384
30.70%
Depreciation
593,216
304,796
94.63%
Share-Based Compensation
912.698
872,587
4.59%
Aurora employees are being paid almost a million dollars in stock-based compensation for generating a gross loss. By the time expenses are calculated, Aurora claims an operating loss of 4.5 million - including the unrealized gain of 3 million. When we subtract the unrealized gain and add back depreciation, Aurora's operating loss shoots to around 7 million.
Conclusion
Aurora Cannabis claims to generate a gross profit for 2016 by posting a large unrealized gain on the value of its biological assets. However, taking the company's financial statements at face value is a mistake. Aurora generates a massive gross loss and its employee/management related expenses are growing a staggering rate. Aurora Cannabis depends on equity issuance to continue operations, and the amount of dilution will probably accelerate as operating expenses continue to balloon.
Investors should probably not attempt to short this stock due to the speculative nature of marijuana investing. The market can stay irrational longer than you can stay solvent. However, in the end - be that twelve months or twelve years - the party will come to an end, and Aurora will be forced to justify its market cap or lose it.
Aurora Cannabis: Misleading Results And Mismanagement - acbff | Seeking Alpha
http://seekingalpha.com/article/4052424-aurora-cannabis-misleading-results-mismanagement
Thanks. VOP is Violation of Parole. Ouch.
Do you have a web link for that?
CannaRoyalty Secures Revenue Royalty and Product Distribution Agreement through 2024 with Leading California Licensed Medical Cannabis Distribution Company
Mar. 01, 2017 – CannaRoyalty Corp. (CSE: CRZ) (OTCQB: CNNRF) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) whereby CannaRoyalty will invest a total of US$5 million, in two tranches, in exchange for a royalty equal to 2.25% of the net sales of River Wellness Inc. (“River”) until the US$5 million advance is repaid, and then 1.75% of net sales for the balance of the royalty term ending December 31, 2024. River has also agreed to a US$15 million purchase commitment for CannaRoyalty’s products in California over the term of the royalty agreement.
River was the first company in California to receive a permit for medical cannabis wholesale logistics, distribution and transportation. The company has built a leadership position whereby it represents over 20 leading cannabis brands, supporting over 100 cannabis farmers and manufacturers, and has relationships with over 400 retail collectives throughout California. River’s fiscal 2016 revenues were US$26 million and are expected to grow rapidly over the almost 8 year term of the agreement. ArcView estimates the sales for the California medical cannabis market in 2016 were US$2.7 billion and will exceed US$6.6 billion in annual sales revenue by 2020, with a 5-year projected
CAGR of 20%.
River will also support the launch and expansion of CannaRoyalty’s brands and products by agreeing to a preferred distribution arrangement of such products by way of a distribution agreement. The arrangement includes a commitment from River to acquire US$15 million of CannaRoyalty brand products over the term of the agreement.
READ THE FULL NEWS RELEASE HERE
Every-time this stock passes $2.00, it get whacked down by dilution. Real day trader special
"negotiations started early last year IMO" - how do you figure that?
Thank you. I needed a good laugh this morning.
I am happy to see they filed their Q1 2016.
CannaRoyalty to Begin Trading Today on OTCQB Marketplace
Ottawa, Canada – February 21, 2017 – CannaRoyalty Corp. (CSE: CRZ) (OTCQB: CNNRF) (“CannaRoyalty” or the “Company”) is pleased to announce that it has received approval for trading on the OTCQB Venture Market (“OTCQB”). The Company commences trading under the symbol “CNNRF” at market open today on the OTCQB.
“CannaRoyalty has been extremely active in the first quarter of 2017. Being listed in the U.S. is another important milestone for the Company. It furthers the Company’s momentum in the cannabis sector and provides U.S. investors better access to invest in CannaRoyalty, which has an exciting breadth of U.S. cannabis assets,” said Marc Lustig, Chief Executive Officer of CannaRoyalty.
Is it me or is the website down again? How dumb do you have to be to keep a hosted website up? It's like $10 a month.