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Go ahead and post it. You may want to remove any personally identifying info. If it’s a tos violation I’ll remove it and fix it, then repost it. Thanks
That’s a good question. Did they actually get driven to it, or did they just talk about it? I can’t remember, but I thought one person here said something like that.
I notice it also says TJ is the majority shareholder of SIGO, there were some questions about that because of the transaction where he sold most of his shares to BMG Group, a company with very little info.
"TJ is now listed as Chief Operations Officer for Sur Farms "
Here's some stuff I pulled up on Sur Farms:
They have several licenses, and they let all of their medical licenses expire, and kept the recreational
TAL18-0004816 Nursery 06/14/2018 10/12/2018 Active Salinas - Monterey County
TAL18-0004815 Small Mixed-Light Tier 1 06/14/2018 10/12/2018 Active Salinas - Monterey County
TAL18-0004814 Small Mixed-Light Tier 1 06/14/2018 10/12/2018 Active Salinas - Monterey County
TAL18-0004813 Small Mixed-Light Tier 1 06/14/2018 10/12/2018 Active Salinas - Monterey County
TAL18-0004812 Small Mixed-Light Tier 1 06/14/2018 10/12/2018 Active Salinas - Monterey County
Sur Farms has/had 43,000 sq feet of grow in Monterey according to the county as of Aug 24, 2017. They listed Justin Donnelly as the contact, and they also show 8,500 sq feet of grow for Surific Farms, and another entry for “Grupo Flor (Sur Farms),” for a dispensary. Ryoji Onitsuka ,the owner of 20420 Spence rd, listed just 4,000 sq feet of grow space.
http://www.co.monterey.ca.us/Home/ShowDocument?id=43564
62793 Argyle Rd King City CA 93930 is the address listed with the SOS
SOS File Number 201700910289
Names listed are :
Trent J sanders box 1126 redway, ca
Sage S Koenig 725 Euclid Berkley, ca
Dennis R Komick 1301 oak ave Manhattan beach
Property was raided Sept 22, 2017 for illegal grow, and they arrested Justin Donnelly. The news says the raid occurred in Lockwood, but all other addresses show up as King City, the county is Monterey, and the two cities border each other.
http://www.montereyherald.com/government-and-politics/20171029/county-cannabis-group-developing-enforcement-approach-conducts-first-raid-since-rules-adopted
“During the raids, four people were found to be allegedly growing marijuana illegally without a county permit in an area not zoned for cultivation. Nearly 1,800 marijuana plants weighing more than 7,500 pounds were seized and destroyed, along with a handgun, two rifles and a shotgun. Among those facing potential prosecution in connection with the unpermitted cannabis operations are Arian Prather-Mooney, 20, Vincent Phillipis, 27, Jose Luis Nunez, 39, Timothy Fisher, 45, Chad Vaden, 39, and Justin Donnelly, 46.”
CBS http://sanfrancisco.cbslocal.com/2017/09/25/monterey-county-lockwood-marijuana-bust/
“The second warrant was served at 62973 Argyle Road where Jose Luis Nunez, 39, was found to be illegally cultivating marijuana without a permit in an area not zoned for cultivation. Authorities eradicated and destroyed 1,048 marijuana plants weighing 1,860 pounds, sheriff’s officials said.”
Taking hundreds of pounds of weed on BART doesn’t seem like the smartest idea, and distributors have strict rules to follow. Also Harborside, like most dispensaries open prior to 2018, has their own supply. Harborside has a bunch of licenses, including a nursery license to sell clones.
They had two thousand plants in 2,000 sq feet and the plants were touching, now they’re not touching. The bay was completely full of plants. The pics don’t lie, it should be obvious.
You need to read the attached exhibits to know the terms of the note. It’s the lender’s choice, not SIGO’s.
Wow that’s steep. Is that new language for Fife to add? MGT did a deal with him, but they didn’t give up the shares lol. It was a smart move on the CEO Robert Ladd’s part though, they ended up giving Fife less shares than he would have gotten according to terms of the note. The loan was for $3 or $4 million and the stock shot from $2-$8 back down to $2 within a couple of months, netting Fife between $20 and $28 million from his stock sales.
That’s correct, but he still can’t sell them before 6 months go by.
Thank you. I know there were a lot of posts that tried to decipher that note when the 8k was filed, what a mess. They never did file the missing exhibits, which just coincidentally had the terms of the warrant shares. So even with that filing, there’s a large piece of the puzzle missing.
I have no idea, they’re 6 or 7 quarters behind in their filings, and it’s been a year with the new CEO, and they’ve filed one 10Q that was super late. It’s a waiting game that’s for sure.
That’s not my opinion, it’s from their filing, anyone can read it.
No shares can be dumped for 6 months from the signing date, which is right around August.
My opinion: you will see a 10K filing around that time, the stock will pop, and Fife will sell into some nice volume the shares he paid $.20-.40 for. I’m sure you’ve seen Yaboy’s posts about a filing in August, and I'm not sure he knew why they would file in August when he posted, but that’s the reason. This is what Fife does every time, he’s not going to suddenly change and leave millions of dollars on the table because he feels sorry for anyone. There’s money to be made for shareholders in the near term, but going long while Fife dumps millions of shares isn’t practical.
They have no choice, the lender does. After the multiple defaults, which occurred within days of signing the note, the lender has the option to take shares or cash, guess which one Fife will choose?
So what does that have to with Notis, did you read the agreement that was terminated? They were a former lender that became a tenant, they paid Notis' bills and a portion of the profit from the CBD sales. Now that has been TERMINATED. You may have purchased CBD from Shi Farms, but did Notis see a penny? Without the filings from the company, your so called facts are misleading, and you're just assuming the dots connect. Show me the 10K or 10Q that shows Notis profiting off this deal, I'll wait.
The 8k says terminate, not restructured.
Once again:
Those aren’t my words, they’re from your link to the 8k.
It sure is...
"On May 31, 2017, we disclosed that we, and two of our subsidiaries, EWSD, and Pueblo Agriculture Supply and Equipment LLC, and Trava LLC, a Florida limited liability company that had lent various sums to us (“Trava”), had entered into a Management Services Agreement (the “MS Agreement”) in respect the Pueblo Farm. After having earlier modified the MS Agreement through the provisions of the on-going monthly funding provided by Trava (the “Modification”; see discussion below), effective as of January 29, 2018, Trava and we entered into an agreement to terminate the relationship among us (the “Termination Agreement”).
"Steven Turetsky (25) is founder and CEO of Trava, a holding company providing investment and operational management in both the hemp and marijuana sectors of the cannabis industry."
https://www.canna-tech.co/speakers/steven-turetsky/
Has anyone sent an email to Halpern explaining the difference between short volume and short interest yet, or will Cantor Fitzgerald do that after they get done laughing?
Eventually they will. Since they didn’t receive the medical cultivation license at the same time as the adult-use license, makes me think they didn’t apply. I’ll give it a couple of weeks, maybe the state is lagging.
I believe it does. On the application if you choose to enter in a business name, it makes you upload Secretary of State docs, and a “list of financial interest holders,” so the state will know who controls the entity.
Also there needs to be a “Designated Responsible Party,” that has at least a 20% interest, no idea who that is in this case..
https://www.cdfa.ca.gov/calcannabis/training/docs/ApplyforCalCannabisCultivationLicenseGuide.pdf
Outside of that one 8k, I know nothing about that transaction. You’d think the majority owner selling most of his shares would have a little more detail. For all I know Tj owns the majority of BMG Group llc, but it could be Wade or neither of them. My original point was that anyone that owns 20% or more of a company needs to be on the license, it wasn’t to determine who owns what, which is purposely hidden here. I don’t think a subsidiary is a workaround to the 20% ownership rule, you either own 20% of the company that has the license or you don’t.
I haven’t heard that, and I don’t believe that’s the case. The reasoning I was told in an email was because Vbf was already cultivating cannabis and was grandfathered in, and they didn’t want to change the name and risk any delay.
Tj is the majority owner, not Valerie. Even before that weird transaction last year where Tj and Val transfered their shares to an llc, she owned less than 20% of SIGO
If SIGO owns all of VBF like they say they do, then owning 5% of SIGO would mean owning 5% of VBF. There’s no evidence that is the case outside of an 8k and some emails though. Why would it be a bad thing if the licenses were in SIGO’s name anyway?
The state requires anyone that owns 20% or more of the company to be on the application, and anyone that acts as a manger or director of an applicant needs to be on the application.
https://www.cdfa.ca.gov/calcannabis/training/docs/ApplyforCalCannabisCultivationLicenseGuide.pdf
Page 11
We have know idea if they filed for it, Sigo's 8K makes it sound like they didn't apply for it, and they did receive an extension on the Adult Use Cultivation License till September. Notice "license" singular and the state website says "Inactive."
I don't think anything will be done in the short term, but if the state finds out they continued to grow without a license, I imagine they'll revoke all of their licenses.
Looks like they do need a nursery license to sell clones, and they must be sold to a distributor, or you have to have a distributor license. Wonder why they didn’t apply for the nursery license?
I also found a clone company, Darkheart Nursery, that’s associated with Harborside in Oakland, and they posted the rules that everyone has to follow. There is also some interesting stuff about annual vs temporary licenses to check out. If you want an annual license you need to have track and trace implemented, that will become the rule for everyone July 1.
Here’s the gist of the rule from their site:
“When it comes to purchasing an order directly through our nursery, only microbusiness license holders and distribution license holders can pick up their clone order from our business address. California law requires that we deliver clone orders directly to the business address listed for all other license types purchasing directly from Dark Heart. We are allowed to deliver these orders because we possess a distribution license. We charge a delivery fee based on the distance from our nursery in Oakland.”
From the gov regs:
Page 29
(c) Licensees propagating immature plants for distribution or seed for distribution to another licensee shall obtain a nursery license.
Page 39
(2) Immature plants transferred from a licensed nursery, via a distributor, to a licensed cultivator shall meet requirements of subsection (b)(1) above. Each immature plant intended for retail sale shall have a UID affixed, or be labeled with the corresponding UID number of the lot, and be recorded in the track-and-trace system prior to transfer from the licensed nursery.
https://static.cdfa.ca.gov/MCCP/document/060418%20CalCannabis%20Text%20of%20Proposed%20Emergency%20Regulations%20Readopt.pdf
Scroll down 3/4 for the rules:
https://darkheartnursery.com/news/distilling-cannabis-regulations-california/
Those numbers are interesting. I’ve noticed that most of the retail shops that were open prior to January 1st are both medical and recreational, the newer shops seem to mostly have just rec licenses though. From a business perspective any additional license is going to cost more money, and from a consumer perspective it means lower taxes, a lot lower 10-20% lower. The weed is worth the same amount, it’s the additional taxes that are the real killer. The state is considering making the licenses both medical and rec, so license holders don’t pay double the tax, but who knows if that will happen. I think you’re right about enforcement though.
Lol that would be pretty funny.
Just one inch between 2,000 plants equals 166.67 feet! Looks like more than an inch in that pic, seems like a reasonable assumption.
Unfortunately light doesn’t extrapolate like that, it’s more of the opposite effect. If he had 4 plants instead of two he wouldn’t double his harvest, but it would be bigger overall, how much is tough to say, the biggest issue is shading from the plants nearby or their own leaves. I learned this same style myself, max yield from minimum plants. The guy that taught me went to UC Berkeley, and they decriminalized mj in 1979, basically you could grow for personal use, and the theory was that one plant was ok. So people turned that one plant into 4-5 lbs and veg it for 6-7 months, and nearly 2 months of flower time.
In SIGO’s case the sun is so much more powerful than the 3,000 watts Heath uses that more plants makes sense, but you still get shading issues, and SIGO was really packing them in. I was giving their grower the benefit of the doubt that he would know the max yield for this situation, let’s hope. When the days are long like right now, it’s no big deal, but come winter they’re going to need a lot more lights than what they have, or the plants are going to go straight to flower, maybe they’re ok with that too.
I tried looking at his old posts to see how long he grows for, but I couldn’t find that detail. It looks like 6 months of veg, and he says he’s using 5 600 watt lights, for two plants in a 10x11 room, which is a lot of light.
Actually in this case it seems they don’t move around.
Well, it’s possible. But it could be a small number of plants on crates that don’t show up in any of the bay pics. I wouldn’t have looked twice if it wasn’t for the pic beer posted showing 5 days of no movement. If you start planting a bay why stop in the middle?
Well not until you say that ;) Seriously though, you’ve looked at the pics, and it looks like they either have pots on the floor, the new drip trays, or folding tables. It doesn’t look like any of their recent pics.
I wonder what bay that is? In their pic of all the bays, I don’t see any plants on red milk crates.
https://www.instagram.com/p/BjsNCoTli4x/?hl=en
vs today’s pic
https://www.instagram.com/p/BkAp9ymlpkb/?hl=en
This is not the cannabis company, Green Thumb Industries. It trades on the Canadian exchange, symbol CNSX:GTII
Please click here for that stock: https://investorshub.advfn.com/Green-Thumb-Industries-CNSX-GTII-35899/
Green Thumb Industries Wednesday joined the growing list of U.S. cannabis firms to go public in Canada’s booming marijuana market, with investors giving the stock an initial thumbs up.
The Chicago-based cannabis grower and dispensary operator debuted on the Canadian Securities Exchange under the ticker symbol GTII.
Its stock closed Wednesday at 8.95 Canadian dollars ($6.89), up 74 cents from the day’s opening price.
Increasingly, U.S. marijuana companies, including multistate operators iAnthus Capital and MedMen, are turning to Canada’s public markets to tap easier-to-access pools of capital.
Marijuana’s illegal status in the eyes of Uncle Sam has spurred U.S. companies to trek north of the border to list their shares.
Denver-based Dixie Brands CEO Chuck Smith said his edibles company expects to outline its plans within the next month to go public in Canada.
For Green Thumb, the company chose to pursue a reverse takeover of Vancouver, British Columbia-based shell company Bayswater Uranium.
The deal mimics the move of many other firms, including MedMen, and allows the firm to go public without launching an initial public offering of its shares.
In connection with the reverse takeover, Green Thumb raised approximately CA$87 million through a brokered and nonbrokered private placement.
With more than 350 employees, Green Thumb operates seven cannabis manufacturing facilities and has licenses for 50 retail stores in seven states.
https://mjbizdaily.com/green-thumb-industries-trading-debut-canada/
Not this company. Here’s their homepage: http://gtii-us.com
Actually, there’s about $81,000 in cash according to the 10q for the quarter ending March 31, 2018
https://www.sec.gov/Archives/edgar/data/356590/000149315218007113/form10-q.htm