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... SAIL, SAIL, SALE ... $CCL
WORST INVESTMENT EVER!
SHOULD HAVE SOLD LONG AGO!
LMFAO!
... IGNORANCE IS A LUXURY ... $CCL
Carnival Corp.'s (CCL) Seabourn luxury line said it is scrapping certain European sailings on two ships as it doesn't anticipate receiving approval for all planned itineraries before their scheduled date.
The cruise line on Thursday said it is canceling sailings on Seabourn Sojourn with departures through Sept. 25 and Seabourn Encore through Aug. 21.
Seabourn has outlined plans to restart out of Barbados and Greece in July on other ships.
In the U.S., the Centers for Disease Control and Prevention's conditional-sailing order requires operators to conduct mock sailings and apply for a certificate at least 60 days before offering passenger cruises. The CDC has pointed to the possibility of a midsummer restart. The trade group for cruise operators, which Carnival is a part of, has asked the CDC to remove the order.
Write to Dave Sebastian at dave.sebastian@wsj.com
... LMFAO $CCL TITANIC FAIL ...
Time to #TakeProfits or #EatLOSSES now or never!
Extremely Valuable Due Diligence
... TRASH ... $TCNNF
Too much Florida exposure.
Too little BIPOC exposure.
#TakeProfits #EatLOSSES
Extremely Valuable Due Diligence
... WE LOOTING ... $RIDE #LootWallStreet
You are being robbed in broad daylight and it's fully legal. #TakeProfits #EatLOSSES
... Extremely Valuable Due Diligence ...
... it's my piggy bank ... $TRTC #ROFLMFAO #AnsonFund
... 4/20 1-1:25pm EST ... $APRU
https://cannabis-conference.mysequire.com/
... CANNABIS CONFERENCE COMING ... $APRU
... upcoming news ... $LVVV
... JAY-Z POT STOCK CONFERENCES ... $GRAMF #PortfolioDay
SAN JOSE, Calif.--(BUSINESS WIRE)-- TPCO Holding Corp. ("The Parent Company") (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF), today announced that Steve Allan, Chief Executive Officer, will participate in the following upcoming conferences:
PI Financial Golden State Green: Going Deep into the California Cannabis Market Conference, being held on Wednesday, April 14, 2021. Management is scheduled to virtually present at 2:10 p.m. ET and participate in a roundtable discussion on California brands at 2:50 p.m. ET. To register for the event, SOURCE.
2021 Sequire Cannabis Conference, being held on Tuesday, April 20, 2021. Management will virtually present at 12:30 p.m. ET. To register for the event, SOURCE.
About The Parent Company:
The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF) is California's leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact. The Parent Company brings together global icon and entrepreneur Shawn "JAY-Z" Carter, entertainment powerhouse ROC NATION, California's leading direct-to-consumer platform CALIVA, and leading cannabis and hemp manufacturer, LEFT COAST VENTURES, to form a cannabis industry leader for the post-prohibition era. Chief Visionary Officer Shawn "JAY-Z" Carter, one of the most recognized and celebrated entrepreneurs of our time, will guide The Parent Company's brand strategy in partnership with Roc Nation, the world's preeminent entertainment company with a roster of culture-making artists, athletes and influencers. The brands we build together will pave a new path forward for a legacy rooted in equity, access, and justice.
... likely not ... $HYFM
... NO NY & NJ MARIJUANA ... $TRTC
Our short-term goal is to become the premier West Coast and Southwest operator of cannabis assets with a focus on brands and dispensaries.
... looking ... $REED
... MARY BARRA IS A RACIST ... $GM
Byron Allen, the owner of the Weather Channel, took out a full-page ad in the Detroit Free Press Sunday calling General Motors CEO Marry Barra racist.
Allen, along with rapper Ice Cube and several owners of Black-owned media companies allege Barra has refused to meet with them “consistently, over time and after multiple requests.”
“General Motors spends billions of dollars in advertising and less than 0.5% goes to Black Owned Media. This is horrendous, considering that we as African Americans make up approximately 14% of the population in America and we spend billions buying your vehicles,” the ad states. - source
... cut 10K jobs ... $NOK
... VERTICAL COMPANY WITH ROCNATION ... $GRAMF
Cannabis entrepreneurs say they have to move quickly and build their brands before full U.S. legalization levels the playing field - a process that many expect to gather steam this year.
"Why are you going to Weedmaps (for listings of cannabis retailers) if you can go to Yelp? Why do you order through this or that system if you can order through DoorDash or Uber Eats?" asks Steve Allan, chief executive of The Parent Company, which has Jay-Z as chief visionary officer and is looking to consolidate smaller players following its January listing through a special purpose acquisition company.
TPCO has built its own e-commerce technology that can handle everything from business management to retail sales, said Allan.
... news out ... $GRAMF #LootWallStreet
... YUP ... $TRTC
... UNKNOWN VALUE ... $GRAM
The market is having a tough time trying to place a valuation on this company that is the eye of the storm. We are accumulating shares at prices that are at too good to be true levels.
... banking relationship solidified with JAY-Z on board of Square Bank ... $GRAMF #ThisIsABankStock
The Parent Co., a holding company fronted by rapper-turned-entrepreneur Shawn “Jay-Z” Carter focused on cannabis startups, has rolled out a new legal team.
Colin Brown and Judith Schvimmer, two veteran cannabis industry lawyers, have been named in-house legal leaders—Brown as chief legal officer and Schvimmer as U.S. general counsel, a Parent spokeswoman confirmed.
The lawyers “form the legal backbone of the Parent Co., an extremely well-capitalized firm that should be a formidable player in the increasingly active cannabis M&A landscape, in California and potentially beyond,” William Doran, a corporate lawyer who advised on the deal that formed Parent, said in a statement.
Parent claims that it will be the largest vertically integrated cannabis company in California by brand portfolio, footprint, and revenue by 2022. The company currently has $381 million in cash that it plans to deploy for deals.
At least 10 law firms—including Benesch, Friedlander, Coplan & Aronoff; Boies Schiller Flexner; Cooley; Paul Hastings; and Reed Smith—advised on the creation of Parent through a special purpose acquisition company, or SPAC.
“Colin and Judith played a critical role in managing all elements toward a common goal and direction,” said Doran, a Chicago-based partner at Benesch, when asked about Parent’s new in-house team.
The transaction, announced in November, formed Parent out of Subversive Capital Acquisition Corp. and California-based cannabis companies Left Coast Ventures Inc. and CMG Partners Inc.’s Caliva.
Caliva, a direct-to-consumer cannabis platform, tapped Jay-Z in 2019 to be its chief brand strategist. The hip hop mogul, who also controls entertainment powerhouse Roc Nation LLC, last year debuted his new MONOGRAM cannabis line through Caliva.
Jay-Z has been appointed chief visionary officer for Parent, which completed its merger with Caliva and Left Coast in mid-January. The press release announcing the deal touted the involvement of other investors, including Roc Nation artists like Yo Gotti, Rihanna, Meek Mill, and DJ Khaled.
Tie-ups between legal pot purveyors took a hit last year due to the coronavirus pandemic. But despite myriad complexities stemming from conflicting U.S. state and federal laws, merger activity in the cannabis sector has rebounded.
Legal Teams
Brown, a former associate at Skadden, Arps, Slate, Meagher & Flom, wasn’t available to discuss his new role at Parent, where started working remotely in January.
He most recently was a consultant to Subversive Capital, having previously spent two years as a vice president of legal and corporate development for Tilray Inc., a Toronto-based cannabis and pharmaceutical company.
Tilray and Brown parted ways in October, two months before Tilray announced its $3.8 billion merger with Aphria Inc., a combination that would create the world’s largest retail cannabis company.
The Tilray-Aphria union, which is in part a bet that the Biden administration will relax U.S. cannabis restrictions, was quickly surpassed in size when Jazz Pharmaceuticals PLC agreed to buy cannabinoid drug maker GW Pharmaceuticals PLC in a $7.2 billion cash-and-stock deal announced in early February.
Parent’s aspirations are somewhat more modest in the marijuana space, with the company touting its support for a $10 million social equity fund to increase minority representation in the growing field.
Schvimmer, Parent’s new U.S. legal chief, joined the company in January after spending the past year as Left Coast’s top in-house lawyer. Schvimmer, a former associate at Manatt, Phelps & Phillips and Kilpatrick Townsend & Stockton, didn’t respond to a request for comment about her move to Parent.
Before being hired by Left Coast in December 2019, she spent two years as general counsel for Lagunitas Brewing Co., a Petaluma, Calif.-based craft brewery. Prior to that, Schvimmer worked in-house at Jackson Family Wines, a family-owned company that controls the Kendall-Jackson brand.
Schvimmer and Brown will both work with Andrew Kornreich, an attorney who served as chief M&A officer at Caliva. Kornreich now holds the same role at Parent, which told Bloomberg Law it plans to make more legal hires in the future.
On the outside counsel side, Paul Hastings and Canada’s Blake, Cassels & Graydon took the lead for Subversive Capital, whose financial adviser Canaccord Genuity Corp. was represented on the Parent deal by Canadian firm Stikeman Elliott. Cooley and Canada’s Cassels Brock & Blackwell advised Left Coast.
Reed Smith, Connecticut’s Cummings & Lockwood, and Canadian firm Aird & Berlis represented Jay-Z and his affiliated entities, including Roc Nation, on the transaction.
... biting our nails ... $DY
... don't boo, vote with dollars ... $SNDL
... good thing you don't run the business and can just not buy the stock then, but the words are being hijacked purposefully ...
... THE PARENT COMPANY ACE OF SPADES MONOGRAM ... $GRAMF
DOMINATION ON MORE LEVELS THAN MOST CAN CONCEIVE.
JAY-Z BRANDS WORDS BETTER MOST BRAND PRODUCTS.
THIS ISN'T A POTSTOCK GUYS, GET OVER IT.
THE PARENT COMPANY IS GOING TO 8K.
EXTREMELY VALUABLE DUE DILIGENCE.
... JAY-Z NEW CAMPAIGN ... $GRAMF
LOS ANGELES , March 1, 2021 /PRNewswire/ -- Today, Shawn 'JAY-Z' Carter and his cannabis brand, MONOGRAM, a part of The Parent Company ("TPCO Holding Corp.") house of brands, launch a nationwide awareness campaign focused on cannabis law. The out-of-home and digital series draws attention to the hypocrisy of current regulations governing cannabis throughout the United States, with shockingly factual headlines set against the backdrop of eight striking portraits of individuals who have been charged for cannabis-related offenses. With 45 years having passed following the onset of the War on Drugs, MONOGRAM's campaign highlights the lack of progress made since, along with the outsized consequences still facing those who have been victimized by its lasting effects across the U.S.
"Cannabis laws are out of date and disproportionately cruel and punishing when compared to the rest of the legal code. We still don't have proper regulation for texting and driving in Missouri, but staying home and smoking weed will get you locked up," shared Mr. Carter. "I created this campaign to amplify the voices of those who have been penalized for the very same thing that venture capitalists are now prospering from with the emerging legal cannabis market. Far too often we forget that these are real people whose everyday lives and futures have been affected by this outdated legislature - people like Bryan Rone, who can no longer pursue a career in sales because of a cannabis-related conviction in 2003."
As demonstrated by the results of the 2020 election, more and more states are moving towards legalization as voters and lawmakers recognize the potential economic and wellness benefits the plant can provide. However, while some progress has been made, cannabis continues to be stigmatized by political agendas and arbitrary borders that still demarcate who can benefit from it, whether that's through entrepreneurship or the positive effects of its use. MONOGRAM aims to shed light on just how antiquated these regulations are by juxtaposing them with far more divisive realities, depraved vices or dangerous transgressions - from cannibalism to flamethrowing - each of which is still permitted in the eyes of local lawmakers. These murals, billboards, mobile ads and wild-postings are currently on display across Los Angeles, San Francisco, New York, Chicago, Washington D.C. and Miami, with plans to expand to additional cities before the end of March.
While MONOGRAM endeavors towards a future through which cannabis can assume its rightful place in culture, the campaign's depictions of real people negatively affected by the War on Drugs underscore that there is still significant work to be done to repair the injustices of its past. Beyond high-impact static visuals, the campaign will also introduce video testimonials from its eight featured individuals, offering each the chance to share their firsthand experience with inequitable punishment for cannabis offenses in the U.S. This footage, which will live on the MONOGRAM website, www.MONOGRAMCOMPANY.com, as well as the brand's Instagram (@MONOGRAMCOMPANY), Twitter (@MONOGRAMCOMPANY) and YouTube (MONOGRAM) channels, takes viewers through the subjects' personal dealings with the criminal justice system, speaking to issues like profiling and excessive charging. Each participant contributes details of how their life has been impacted by unjust policing practices, with irreversible consequences ranging from financial penalties to incarceration.
Through each and every initiative, MONOGRAM seeks to bring dignity to cannabis culture, which cannot be accomplished without righting the wrongs of the past. Steve Allan, CEO of The Parent Company, shared the following:
"One of the founding principles of The Parent Company was to foster social equity in cannabis. The disproportionate effects of the War on Drugs have been devastating, and we believe it is our responsibility to lay the stage to begin the process of righting the many wrongs against the Black and other minority communities.
With this goal in mind, The Parent Company has funded a social equity ventures program to give Black and other minority entrepreneurs equal opportunity for participation in the legal cannabis industry. Led by Shawn 'JAY-Z' Carter and Desiree Perez (CEO of Roc Nation), this program will identify and fund the next generation of cannabis business leaders who are building value for their communities and diversity in our industry. The social equity ventures program will officially launch in the coming months.
In addition to the social equity ventures program, The Parent Company is empowering our house of brands to amplify this call to action as a part of their own advocacy campaigns. We are proud of MONOGRAM's ground-breaking efforts to address such an important issue."
... $80.33 ...
The deal arose from discussions started between Jay-Z and Alexandre Arnault, the 28-year-old son of French billionaire Bernard Arnault, LVMH's chief executive and controlling shareholder. Jay-Z said he first met Alexandre a number of years ago in Paris on a trip with Kanye West. The deal advanced further after Bernard and Alexandre Arnault and Mr. Schaus met with Jay-Z several times at his home in Los Angeles, most recently this summer.
Jay-Z said he expects to collaborate with LVMH on other projects in the future. The allure of luxury for rappers, he said, comes from the desire to celebrate after surviving the despair of the inner city.
"If you put yourself in the shoes of people who come from these neighborhoods, you can understand why someone who -- five of their six friends have passed away -- would want to celebrate life," Jay-Z said. "We're connecting with things that are well made, and things that survive."
Write to Matthew Dalton at Matthew.Dalton@wsj.com
The investment, LVMH and Jay-Z said, is aimed at growing Armand de Brignac through LVMH's global distribution networks while drawing upon the conglomerate's vast resources within Champagne wine country. It comes at a difficult moment for Champagne: The pandemic canceled weddings, soirees and other occasions to pop corks, cutting sales of the wine by around 20% last year. The two sides didn't disclose the value of the transaction.
"We were working really hard to maintain a brand that was growing faster than the staff we had and bigger than some of the expertise we had," Jay-Z, born Shawn Carter, said in an interview. "We'd been in this 15 years, not a hundred."
The partnership shows how European luxury brands are now embracing Black recording artists and hip-hop culture to appeal to a younger, more diverse clientele. Rihanna and LVMH launched a cosmetics line, Fenty Beauty. The rapper Gucci Mane and his namesake brand, the Italian fashion house Gucci, have collaborated on a collection. Dior, an LVMH brand, has used the rapper A$AP Rocky as a featured model in several menswear collections. Streetwear has become a staple of luxury fashion.
"I think that people have come to accept that these two worlds are a natural fit," Jay-Z said. "In the beginning, it wasn't a natural fit."
Rappers have long peppered their lyrics with references to Dior, Louis Vuitton, Dom Pérignon and other brands. But until recently, the luxury industry kept its fans in hip-hop at a distance. One such perceived snub pushed Jay-Z to invest in Armand de Brignac.
Since emerging as a star in the 1990s, the Brooklyn-born rapper had been a devotee of Cristal, repeatedly name-checking the high-end Champagne brand in his rhymes. That changed when, in 2006, an executive at Cristal's parent company was asked in The Economist whether the brand would be harmed by its association with rap. "That's a good question, but what can we do?" he replied.
Jay-Z soon organized a boycott of Cristal. Later in 2006, in the video for the single "Show Me What You Got," he touted a new brand: Armand de Brignac, which called itself "Ace of Spades" and was launched earlier that year in the Champagne town of Chigny-les-Roses. The brand quickly put out a press release highlighting the mention.
Jay-Z was one of the early investors in Armand de Brignac, and in 2014, he bought out his partner, the spirits company Sovereign Brands. The Champagne brand is one of several businesses in the rapper's portfolio, which also includes the talent agency Roc Nation and D'Ussé Cognac. Last month, he announced the launch of a fund to invest in minority-owned cannabis start-ups.
In Armand de Brignac, LVMH saw a label that was quickly drawing new Champagne drinkers to the high-end segment of the market, said Philippe Schaus, head of Moët Hennessy, LVMH's spirits division. "The bottle has a much more modern and audacious design," Mr. Schaus said. "The way it was distributed -- very much by word of mouth. Jay-Z wasn't really apparent, but you were feeling that something was happening behind the scenes, which was making the brand work in a different way from other brands."
Armand de Brignac has been produced by a small team inside the Cattier Champagne house, a family-run brand. Mr. Schaus said LVMH's resources in Champagne -- it owns about 4,000 acres of vineyards in the territory -- would likely be tapped to boost the brand's volumes in the years to come.
Jay-Z and LVMH Moët Hennessy Louis Vuitton SE are joining forces in the Champagne business, further cementing the alliance between the world of hip-hop and luxury as the Covid-19 pandemic saps sales of the festive wine world-wide.
LVMH, the world's biggest producer of Champagne, has taken a 50% stake in Armand de Brignac, the high-end Champagne brand owned by Jay-Z, the rapper and mogul. The brand, one of the youngest in the famed sparkling wine region, is known for its metallic bottles that cost hundreds of dollars each.
... $132.70 ... $LVMUY
... $16.67 ... $GT #LootWallStreet
Competitors
We compete with other cannabis platforms such as WeedMaps and Leafly, which provide news and other information related to the cannabis industry. We believe our primary competitive advantage is the community and audience we have established, along with the data we have cultivated on key cannabis markets.
The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. In order to generate meaningful revenues, our technologies must be fully developed, gain market recognition and acceptance and develop a critical level of successful sales and product installations. In addition, management believes that the successful growth and operation of our business is dependent upon our ability to obtain adequate sources of funding through equity or debt financing to adequately support research and development efforts, protect intellectual property, form relationships with strategic partners and provide for working capital and general corporate purposes. There can be no assurance that the Company will be successful in achieving its plans as set forth above.
Our costs include employee salaries and benefits, compensation paid to consultants, materials and supplies for product development and commercialization activities, and administration, travel, legal and accounting expenses, sales and marketing costs, general and administrative expenses, and other costs associated with an early stage, publicly-traded technology company. We currently have 3 full-time employees. Because using third party expertise and resources is more efficient than maintaining full time resources, we also expect to incur consulting expenses related to technology development and some administrative, sales and legal functions commensurate with our current levels.
The amount that we spend for any specific purpose may vary significantly from quarter to quarter, and could depend on a number of factors including, but not limited to, the pace of progress of our commercialization and development efforts, actual needs with respect to product testing, development and research, market conditions, and changes in or revisions to our sales and marketing strategies.
Research, development, and commercial acceptance of new technologies are, by their nature, unpredictable. Although we undertake development and commercialization efforts with reasonable diligence, there can be no assurance that the net proceeds from our securities offerings will be sufficient to enable us to develop our technology to the extent needed to create future sales to sustain operations. If the net proceeds from these offerings are insufficient for this purpose, we will consider other options to continue our path to commercialization, including, but not limited to, additional financing through follow-on equity offerings, debt financing, co-development agreements, sale or licensing of developed intellectual or other property, or other alternatives.
We cannot assure that our technologies will be accepted, that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. Furthermore, we have no committed source of financing and we cannot assure that we will be able to raise money as and when we need it to continue our operations. If we cannot raise funds as and when we need them, we may be required to scale back our development plans by reducing expenditures for employees, consultants, business development and marketing efforts or to otherwise severely curtail, or even to cease, our operations.
NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS
As of September 30, 2020, the Company had cash of $650 and a working capital deficit (current liabilities in excess of current assets) of $83,791,130. During the nine months ended September 30, 2020, the net loss available to common stockholders was $142,405,892 and net cash used in operating activities was $717,062. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issuance of the unaudited condensed consolidated financial statements.
During the nine months ended September 30, 2020, the Company received proceeds of $637,000 and $132,911 from the issuance of convertible notes and non-convertible notes, respectively. The Company does not have sufficient cash to fund operations for the next fiscal year.
The Company’s primary source of operating funds since inception has been cash proceeds from the public and private placements of the Company’s securities, including debt and equity securities, and proceeds from the exercise of warrants and options. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. The Company’s ability to continue its operations is dependent upon its ability to obtain additional capital through public or private equity offerings, debt financings or other sources; however, financing may not be available to the Company on acceptable terms, or at all. The Company’s failure to raise capital as and when needed could have a negative impact on its financial condition and its ability to pursue its business strategy, and the Company may be forced to curtail or cease operations.
Management’s plans regarding these matters encompass the following actions: 1) obtain funding from new and current investors to alleviate the Company’s working capital deficiency; and 2) implement a plan to increase revenues. The Company’s continued existence is dependent upon its ability to translate its audience into revenues. However, the outcome of management’s plans cannot be determined with any degree of certainty.
On February 4, 2021, MassRoots, Inc., a Delaware corporation (the “Company”), issued a press release announcing, among other things, that it had entered into an amendment to that certain Letter of Intent to purchase the technology platform of Herbfluence, Inc., a Delaware corporation (“Herbfluence”, and the “Letter of Intent”). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
... $.033 ... $MSRT
... $170.05 ... $EVBG
... $140.49 ... $EVBG
... @Problem354 ft @WizKhalifa - 4 The Low ... $GRAMF
Culture Eats Strategy.