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HSDEF is Harborside Inc’s U.S. ticker symbol that is traded on the grey market with no bid or ask. All I’m saying is that it would be beneficial to uplist the U.S. ticker to a higher OTC exchange like the QX or QB.
Exactly the point. Since they meet all the requirements for the Canadian exchange, I would think they would be applying to up grade to the OTBQX or OTCQB soon. The grey market is the lowest level of the OTC. Have to trade with no bid or ask on grey market.
Also a lot of fake CBD products out there. People will pay the extra for a brand they trust. There simply is no more trusted brand right now then Charlottes Web.
I think this stock is hurt quite a bit by trading on the grey market. Any idea when Harborside is gonna uplist?
I think you are correct
Well kept secret? People are just slow to catch on to this one, and this one is gonna be good one. All a person has to do is look at the management here and you know it’s gonna Doing great!
ROMJF
And they’ve done it without the assistance of the banking industry. Hopefully Congress can help with that now that they are back in session. Pass the SAFE banking act, then this company and the whole industry can start to realize their true potential.
SAFE banking act will be the biggest positive event that the cannabis industry has ever seen up to this point. Is set to pass after congress gets back from August recess. Bigger than Canada legalization & bigger than California legalization. Get your chips in place before the SAFE banking act passes. SRNA is definitely a place some of my chips will be sitting.
The SAFE banking act will be the biggest positive event the cannabis industry has seen up to this point. It will be bigger than Canada legalization, it will be bigger than California legalization. Get your chips in position before the SAFE banking act passes.
This last offering was at $2.70 Canadian, which is about $2.10 US. Looks like the current price of $1.70 US is a heck of a bargain. First harvest should be this sept/oct.
News Article
Press Release: Rubicon Organics Inc. Announces Closing of $8,505,000 Overnight Marketed Offering
8:54am ET 8/23/2019 Dow Jones
Rubicon Organics Inc. Announces Closing of $8,505,000 Overnight Marketed Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
VANCOUVER, British Columbia, Aug. 23, 2019 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (CSE: ROMJ) (OTCQX: ROMJF) ("Rubicon Organics" or the "Corporation") is pleased to announce that it has closed its previously announced overnight marketed short form prospectus offering (the "Offering") of 3,150,000 units of the Corporation (each, a "Unit") at a price of $2.70 per Unit for aggregate gross proceeds of $8,505,000.
"We are very proud to close this overnight offering of Units and grateful for the support of both new and existing investors amidst choppy market conditions," stated Jesse McConnell, Chief Executive Officer and Co-Founder of Rubicon Organics. "These funds will enable us to continue the optimization of our flagship facility in Delta, B.C. to supply super-premium, certified-organic cannabis to the Canadian marketplace."
Each Unit is comprised of one common share (each, a "Common Share") and one Common Share purchase warrant of the Corporation (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (each, a "Warrant Share") at a price of $3.50 per Warrant Share for a period of 30 months following the closing of the Offering, subject to an accelerated expiry if the volume-weighted average price of the Common Shares on the Canadian Securities Exchange (the "CSE") (or other applicable exchange) is equal to or greater than $3.80 per Common Share for 20 consecutive trading days. It is expected that the Warrants will begin trading on August 23, 2019 on the CSE under the symbol "ROMJ.WT".
The Offering was made pursuant to an agency agreement dated August 12, 2019 (the "Agency Agreement") among the Corporation and a syndicate of agents led by Desjardins Capital Markets and including Canaccord Genuity Corp., PI Financial Corp. and Mackie Research Capital Corporation (collectively, the "Agents"). Pursuant to the Agency Agreement, the Agents received a cash commission equal to 6% of the gross proceeds of the Offering and broker warrants equal to 6% of the Units sold under the Offering (each, a "Broker Warrant"). Each Broker Warrant is exercisable for one Common Share (each, a "Broker Warrant Share") at any time up to 24 months following the closing date of the Offering at an exercise price of $2.70 per Broker Warrant Share.
The Corporation intends to use the proceeds from the Offering for the continued optimization of its Delta BC facility and general corporate and working capital purposes.
The Units were issued pursuant to a short form prospectus dated August 16, 2019, filed with the securities regulatory authorities in each of the provinces of Canada, other than Québec (the "Prospectus"). A copy of the Prospectus is available under the Corporation's profile on SEDAR at www.sedar.com.
THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.
ABOUT RUBICON ORGANICS INC.
Rubicon Organics Inc. is a licensed cannabis producer focused on building certified organic, super-premium cannabis brands at its flagship 125,000 sq. ft. state-of-the-art hybrid greenhouse located on a 20-acre property in Delta, BC, Canada. Management has unparalleled cannabis and organic farming expertise as well as prior successful commercialization of cannabis with Whistler Medical Marijuana Company, which was purchased by Aurora Cannabis in January 2019 for $175 million.
The Corporation is currently ramping up to achieve an annual production run rate of approximately 11,000 kg of certified organic, super-premium and environmentally sustainable cannabis in 2020 and is also focused on creating super-premium brands in Canada. In the United States, the Corporation owns a 40,000 square-foot, high-tech hybrid greenhouse in Washington state which is leased to a state-licensed operator applying Rubicon Organics' proprietary organic cultivation methods. The Corporation also owns two award-winning U.S. cannabis brands: 1964 Supply Co.(TM) and Doctor & Crook Co.(TM) ; and has exclusive licensing rights in Washington for iconic lifestyle and cannabis brand, Cookies.
CONTACT INFORMATION
Corporate:
Shirley Anthony
Director, Investor Relations
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com
The CSE does not accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding the anticipated use of proceeds from the Offering; the expectation that the Warrants will begin trading on August 23, 2019 on the CSE under the symbol "ROMJ.WT"; and the Corporation's belief that it will achieve an annual production run rate of approximately 11,000 kg of certified organic, super-premium and environmentally sustainable cannabis in 2020 are "forward-looking statements". Forward-looking information can be identified by the use of words such as "will" or variations of such words or statements that certain actions, events or results "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals; fluctuations in market conditions; unexpected or unplanned expenditures requiring a diversion of planned use of proceeds; acquiring and renewing state, local or other licenses; any inability to obtain all necessary governmental approvals, licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics' limited operating history and lack of historical profits; reliance on management; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
(END) Dow Jones Newswires
August 23, 2019 08:54 ET (12:54 GMT)
Wisconsin has a list of recommended seeds for CBD production. If you use seeds on the state list and the crop turns out too high in thc you won’t get in legal trouble. You can use other seeds, but if your crop is too high in thc, you could face legal charges.
Combined with specialty retailers, Charlotte's Web retail distribution in the United States surpasses 8,000 locations.
Charlotte's Web Hemp CBD Topical Products Expanding to 1,350 Kroger Stores Across 22 States
Source: PR Newswire (Canada)
Marks the Largest Distribution Through a Single Retailer for Charlotte's Web
BOULDER, CO, July 29, 2019 /CNW/ - Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company") (TSX:CWEB, OTCQX:CWBHF), the market leader in hemp CBD extract products, is pleased to announce that The Kroger Co., America's largest grocery retailer, has begun carrying Charlotte's Web products in multiple states with a plan to roll out to a total of 1,350 store locations in 22 states (Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Montana, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Washington, Wisconsin, and Wyoming).
Charlotte's Web by Stanley Brothers. Market leader in whole-plant hemp CBD extracts. . (CNW Group/Charlotte's Web Holdings, Inc.)
The announcement with Kroger marks a milestone for Charlotte's Web as the largest distribution ever through a single retailer. Charlotte's Web topical products will be available at the Kroger Family of Stores, including: Kroger, Dillons, Fry's, Fred Meyer, King Soopers, Mariano's, Pick 'n Save, QFC and Smith's.
"Since its founding, Charlotte's Web has been on a mission to make CBD products available for as many people as possible," said Deanie Elsner, CEO of Charlotte's Web. "This distribution reach through Kroger's market leading network of grocery stores is an enormous contributor to our mission. We are very appreciative of Kroger and all of our channel partners for the continued progress in expanding access to hemp-based health and wellness products."
Reliable quality, consistency and availability are top priorities for mass retailers, making Charlotte's Web the most sought-after CBD brand. The Company believes it offers among the highest quality and most tested hemp CBD wellness products available, with more than 20 tests performed on its products beginning with pre-planting soil evaluation and extending all the way through the entire production process. 100% grown naturally in the USA by American farmers, Charlotte's Web is the market share leader and only global CBD brand known as The World's Most Trusted Hemp Extractâ„¢.
Kroger joins a growing number of mass grocery and drug retailers carrying Charlotte's Web and other hemp-based CBD products. In total, Charlotte's Web is now shipping to 5 mass retailers covering 22 states. Combined with specialty retailers, Charlotte's Web retail distribution in the United States surpasses 8,000 locations.
Subscribe to Charlotte's Web news alerts.
About Charlotte's Web Holdings, Inc.
Charlotte's Web Holdings, Inc. is the market leader in the production and distribution of innovative hemp-derived cannabidiol ("CBD") wellness products. Founded by the Stanley Brothers, the Company's premium quality products start with proprietary hemp genetics that are 100% American farm grown and responsibly manufactured into hemp-derived CBD extracts naturally containing a full spectrum of phytocannabinoids, including CBD, terpenes, flavonoids and other beneficial hemp compounds.
Forward-Looking Information
Certain information in this news release constitutes forward-looking information which are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information may be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the public documents of the Company available at www.sedar.com.
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/charlottes-web-hemp-cbd-topical-products-expanding-to-1-350-kroger-stores-across-22-states-300892098.html
SOURCE Charlotte's Web Holdings, Inc.
Copyright 2019 Canada NewsWire
Dip before senate banking hearing. Rip up after senate banking hearing.
Supposed to be Surna’s Showroom. Also supposed to be setting the bar for efficiency when it comes to grow ops.
It’s been very quiet, news wise, from the company and new CEO. I think the action is gonna ramp up leading into our next earnings report.
It’s absolutely unbelievable. Surna is completely overlooked by investors.
I wouldn’t even call this BS trade wars. It’s Trump trying his best to mess everything up he can possibly mess up before he is out of office.
CBD sales themselves will NOT slow down. Stock prices may drift down because of politics. As far as CBD goes, the genie is out of the bottle. Stuff works for lots of things and now that people have tried it for themselves and have seen the results for themselves, sales will only increase. People are not going to stop using what works. They also tell all their friends and family that they have found something that works. Politics can slow down the stock market and make people fearful to invest. Sales will continue to grow regardless of the politics at this point. The share prices will catch up later apparently. I’m just gonna keep on buying the companies that are making $$, and there are quite a few of them nowadays.
As of March 31, 2019, the Company had total assets of $364.0 million, including cash and cash equivalents of $106.1 million. At March 31, 2019, the Company had a working capital position of $146.3 million with zero debt on the balance sheet.
This article is estimating sales at $23.7m this qt.
https://www.thecannabisinvestor.ca/earnings-szn-preview-7-u-s-multi-state-operators-are-reporting-this-week/
Do we have any idea what to expect for revenues?
Symbol changed this am on the American side to OGI. $8.50 premarket
The Stanley Brothers medical cannabis company.
https://stanleybrothers.co/
Stanley Brothers is private medical cannabis company that was started before Charlotte’s web existed.
They don’t need to sell. I have a feeling the money from the shares sold may be going into the Stanley Bros other medical/recreational cannabis company. Would be nice as a spin off company once cannabis is legal in the US. Kinda like the deal that Canopy just made with Acreage.
Those private investors didn’t get a discount. Heck, I bought shares yesterday at the same price. I know a lot of others did as well.
Big volume on both US and Canadian sides. It all starts with volume
20 Canadian is 14.84 US
Get them before the Canopy run ends. Profits from Canopy news will be moving to CWBHF.
Really? Govt really does move at a snails pace
A bunch of cannabis companies trading higher in premarket. Something up in the industry? When does the cannabis banking bill get voted on by the House and Senate?
What is the current float?
CW is market leader in CBD, but also is a Marijuana company as well.
It goes green at end of session today. Volume is coming. People are finally starting to figure it out.
They should be releasing the official 2018 year end earnings report any day now.
When are we gonna get our first 1 mil+ shares traded in a session? People have to catch on sooner or later!
Wow! Most volume this ticker has ever seen and only up 2%
Charlottes on Tuesday at Roth
https://www.meetmax.com/upload/event_51941/ROTH_Cannabis_Panel.pdf