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Cannabis HPCO revenue up 486% 1st half
Cannabis company HPCO stock is up 60% premarket on revenue increase of 486%.
Cannabis companies are reporting RECORD sales which is a good thing for PVSP.
PVSP reports very soon.
Calls on Congress to Pass Banking Bill
POLITICSColorado Governor And Top Officials Call On Congress To Pass Marijuana Banking Bill
The governor of Colorado and other top state officials are again pushing Congress to pass a bipartisan marijuana banking bill with what’s left of the session.
Gov. Jared Polis (D), Lt. Gov. Dianne Primavera (D), Attorney General Phil Weiser (D), Treasurer Dave Young (D) and Department of Public Safety (DPS) Executive Director Stan Hilkey sent a letter to congressional leaders on Monday to drive home the urgency of the legislation in terms of public safety and industry equity.
“The lack of safe banking and financial services for the cannabis industry in the State of Colorado has become a dire public safety issue for highly regulated cannabis businesses operating in compliance with state law,” the officials wrote to House and Senate leaders.
“Further, the lack of safe banking exacerbates the uneven playing field faced by small and minority-owned cannabis businesses, despite their serving the same communities and being subject to the same increased state regulation as other cannabis businesses in the State,” they said.
https://www.marijuanamoment.net/colorado-governor-and-top-officials-call-on-congress-to-pass-marijuana-banking-bill/
LOL, still Painting the Tape on Close
SEC is cracking down on this with Broker Notices going out on to stop this manipulation activity, or face trading suspension.
1,400 shares at .0015, or $2.10 .
KRTL in talks with large Pharma Co in Korea
PVSP owns 5% of outstanding shares in KRTL, lot of big news coming.
PEM77 Retweeted
KRTLBIOTECH OTC:KRTL
@KRTLBiotech
·
3h
Attention $KRTL Shareholders: We are looking at proposals to set up multiple THC and CBD seed-banks in Asia. We are also in talks with a large pharmaceutical company in Korea. Multiple negotiations and revenues begin.
Sen Booker very hopeful Senate will Pass Reform Bill
POLITICS Booker Is ‘Very Hopeful’ Congress Will Pass Marijuana Reforms In Lame Duck Session Following Biden’s Pardons
Published 15 mins ago on October 10, 2022
Sen. Cory Booker (D-NJ) cheered President Joe Biden’s move to issue federal marijuana pardons in a new interview, but he says there’s “more that we can do” to address the drug war and he’s “very hopeful” that additional reform can be enacted before the end of this Congress.
The senator, who is sponsoring a federal legalization bill with Senate Majority Leader Chuck Schumer (D-NY) and Senate Finance Committee Chairman Ron Wyden (D-OR), spoke about the need to more comprehensively address cannabis policy during an interview with NPR on Friday.
“So there’s a lot of folks who understand that we have to act on the federal level to do more than the president’s done, and I’m hopeful that this Congress, actually in the lame duck after the midterms, I’m very hopeful we can get something done,” Booker said.
The senator seemed to be alluding to a yet-to-be-introduced package of modest marijuana reform proposals that’s expected to address marijuana banking issues. He’s said that the bill will likely be introduced after the midterm elections.
He called Biden’s pardon proclamation and directive for an administrative marijuana scheduling review a “significant step” from the White House. However, he made the case that “we still have longer to go” to right the wrongs of prohibition, by facilitating expungements, for example.
Booker said that he is optimistic that legalization could be enacted, even though the general consensus is that his wide-ranging legislation doesn’t have enough bipartisan support to meet the 60-vote threshold needed to clear the Senate. He pointed out that voters in red and blue states alike have approved ending prohibition at the ballot.
“I think that there’s enough space right now—and there are already conversations and dialogue going on about some kind of bipartisan movement—because we see problems within the banking industry and a lot of people who are winning licenses can’t get access to loans and more,” he said.
“So there’s a lot of folks who understand that we have to act on the federal level to do more than the president’s done, and I’m hopeful that this Congress, actually in the lame duck after the midterms, I’m very hopeful we can get something done,” Booker said.
The senator seemed to be alluding to a yet-to-be-introduced package of modest marijuana reform proposals that’s expected to address marijuana banking issues. He’s said that the bill will likely be introduced after the midterm elections.
https://www.marijuanamoment.net/booker-is-very-hopeful-congress-will-pass-marijuana-reforms-in-lame-duck-session-following-bidens-pardons/
Brands, Producer License, Turnkey Laboratory!!
The terms include acquisition of all BCCTG assets, including its brands, access to a Tier 2 producer/processor license and a turnkey laboratory which will be used to also manufacture new products under the Artizen brand.
1. All BCCTG Assets
2. Brands
3. Tier 2 Producer/Processor License
4. Turnkey Laboratory for new products under Artizen Brand
Acquiring for CASH, from their Revenues.
Deal is Cash neutral on pre transaction financials
BCCTG’s brands, which generate $4 million in annualized revenues, manufactured in a state-of-the-art laboratory. The terms include acquisition of all BCCTG assets, including its brands, access to a Tier 2 producer/processor license and a turnkey laboratory which will be used to also manufacture new products under the Artizen brand.
According to the terms of the LOI, Zen will acquire the assets of BCCTG for cash, paid from contributed revenues with a monthly upper limit and cash neutral on current pre-transaction financials.
PVSP #26 on Breakout Boards, AGAIN!!
Too popular a stock to sit at these levels much longer, LOL
https://investorshub.advfn.com/boards/breakoutboards.aspx
Emerald City Cultivation has over 40K Followers!
Pretty impressive, wonder how many are potential investors in PVSP?
Emerald City Cultivation and Dabco are brands known for high quality concentrates product (dab and vape) and with over 40,000 followers have established a well-deserved fanbase. (IG: https://www.instagram.com/dabco/, https://www.instagram.com/emeraldcitycultivation/, https://www.instagram.com/dabs4less/).
Great NEWS
PVSP
+10.34%
Pervasip Corp.
Mon, October 10, 2022 at 9:15 AM
In this article:
PVSP
+10.34%
Pervasip Corp.
Pervasip Corp.
SEATTLE, WASHINGTON, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTC: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, together with Zen Asset Management LLC (“ZAM”) today announced the execution of a letter of intent (“LOI”) to acquire substantially all of the assets of BCCTG LLC (“BCCTG”).
BCCTG, owner of various brands, including Emerald City Cultivation, Emerald City Cured, Dabco, Dabs4Less and Vapes4less has agreed to terms to be acquired by ZAM, combining its brands and concentrate offerings with ZAM’s Artizen brands to form a powerful portfolio of brands, covering flower, pre-roll, dabbable concentrates and vape products.
BCCTG’s brands, which generate $4 million in annualized revenues, manufactured in a state-of-the-art laboratory. The terms include acquisition of all BCCTG assets, including its brands, access to a Tier 2 producer/processor license and a turnkey laboratory which will be used to also manufacture new products under the Artizen brand.
According to the terms of the LOI, Zen will acquire the assets of BCCTG for cash, paid from contributed revenues with a monthly upper limit and cash neutral on current pre-transaction financials. In addition, Pervasip will provide a group of BCCTG owners, investors and employees 10.2% of Pervasip’s fully diluted equity in the form of restricted preferred stock.
“As outlined in our 24-months roadmap, which we published on September 6, 2022, this acquisition checks 2 of our boxes on the list of strategic objectives to be accomplished by year’s end 2022,” said German Burtscher, Pervasip’s CEO. “Not only will it immediately add revenue upon final closing of the deal, but it will also add infrastructure, expertise and a handful of well-regarded brands to our brand lineup. Brian Martin and his team at Emerald City Cultivation and Dabco have done incredible work and built a strong and highly respected company. We are excited to add the BCCTG team to our Washington operation and fill critical open positions with market leading expertise. Final terms will be released upon closing, projected for the end of November 2022.”
Emerald City Cultivation and Dabco are brands known for high quality concentrates product (dab and vape) and with over 40,000 followers have established a well-deserved fanbase. (IG: https://www.instagram.com/dabco/, https://www.instagram.com/emeraldcitycultivation/, https://www.instagram.com/dabs4less/).
“Combining forces with Artizen and offering a complete and potent product lineup to Washington retailers has been a vision of mine for some time now,” said Brian Martin, Founder and President of BCCTG and Emerald City Cultivation. “Being able to do this, take care of our investors who have been with us from the beginning of this venture, and join the Artizen team is a wonderful opportunity. Artizen is one of the original Washington State cannabis brands and our combined lineup will allow retailers to offer a variety of products across multiple price points, all from a single trusted partner. Combining our assets and experience will also allow us to enter markets outside of Washington and take our vision and duplicate it in other markets. Look out for more announcements regarding new products over the next few weeks and months.”
NEWS Strategic Acquisition and $4M New Revenue!!
North Carolina Governor Backs Marijuana Decriminalization
North Carolina Governor Backs Marijuana Decriminalization And Directs Lawyers To Review Pardon Options
Published 2 hours ago on October 8, 2022
The governor of North Carolina is officially backing marijuana decriminalization in the state, saying it’s time to “end the stigma” and announcing steps he’s taken to explore his options for independently granting relief to people with existing convictions.
Gov. Roy Cooper (D) spoke about the policy on Friday during a meeting of a criminal justice task force that he convened in 2020. That panel ultimately recommended decriminalization, and this marks the first time the governor is explicitly endorsing the reform.
Cooper raised the issue in response to President Joe Biden’s surprise actions on Thursday to pardon people who’ve committed federal marijuana possession offenses and call on governors across the U.S. to provide similar relief at the state-level.
“This task force has already met this issue head-on by recommending…that simple possession of a small amount of marijuana should not be a crime,” he said. “Law enforcement and the criminal justice system are under-resourced right now, and they should be focused on stopping violent crime, drug trafficking and other threats to safe communities.”
https://www.marijuanamoment.net/north-carolina-governor-backs-marijuana-decriminalization-and-directs-lawyers-to-review-pardon-options/
Pardons, Descheduling and the DEA
Pardons, descheduling and the DEA: Making sense of Biden's weed actions
Here’s a look at what Joe Biden’s executive actions do — and don’t do — and what it could mean for America’s burgeoning multibillion-dollar marijuana markets.
President Joe Biden’s mass pardon Thursday of thousands of cannabis offenders and push to review marijuana’s status under federal law is potentially the biggest shift in federal policy in more than half a century.
The move is particularly striking for the former senator who was instrumental in ratcheting up drug-related incarceration in the 1990s, and whose administration has punished employees for marijuana use.
But some cannabis advocates question whether the sweeping pre-election decision will actually accomplish much.
“This is a really major change of pace for him [on cannabis policy],” said David Holland, an attorney at Prince Lobel Tye in New York who has worked on clemency applications for federal marijuana prisoners and a petition to move cannabis to a less restrictive category. But “this is so small in the world of restorative justice in cannabis.”
Here’s a look at what Biden’s executive actions do — and don’t do — and what it could mean for America’s burgeoning multi-billion-dollar marijuana markets.
https://www.politico.com/news/2022/10/07/biden-weed-executive-action-dea-00060978
FDA will move Quickly Scheduling Review.
Biden Health Secretary Has Already Talked To FDA About Marijuana Scheduling Review, Which Will Move ‘Quickly’
Published 20 hours ago on October 7, 2022
“The president was very clear—he wants this done as quickly as possible.”
By Mitch Perry, Florida Phoenix
U.S. Health and Human Services (HHS) Secretary Xavier Becerra said in Tampa Friday that he intends for his agency to move “as quickly as we can” to comply with President Joe Biden’s directive to review the decades-old policy of listing marijuana as a Schedule I drug.
“I think you’re going to find that we’re going to move as quickly as we can but, at the end of the day science is going to take us to a solution,” Becerra told reporters in Tampa after concluding a “Meet and Greet” event with mostly Latino seniors regarding the reduction in prescription drug prices for Medicare patients that were included in the Inflation Reduction Act passed this summer.
That directive to review cannabis’s status was part of Biden’s announcement on marijuana reform released on Thursday, which includes calling on the Department of Justice to develop a process to pardon potentially thousands of people who have federal convictions for marijuana possession.
Becerra said that the review of marijuana’s federal scheduling status will be tasked to the Food and Drug Administration, and that he has already spoken with FDA Commissioner Robert Califf about starting that process.
“The president was very clear—he wants this done as quickly as possible,” Becerra said. “It’s not new science, but there’s lot of information to gather because in many states marijuana has been legalized for either medical purposes or recreational purposes.”
https://www.marijuanamoment.net/biden-health-secretary-has-already-talked-to-fda-about-marijuana-scheduling-review-which-will-move-quickly/
Biden Lights the Fuse!!!
Cannabis Watch
Cannabis stocks rocket to a record day after Biden lights the fuse
Last Updated: Oct. 7, 2022 at 7:44 a.m. ET
By Steve Gelsi and Bill Peters
After president asks for administration to consider changing current drug classification for marijuana, cannabis stocks in U.S. and Canada shoot to strongest days on record
Cannabis stocks shot to record gains Thursday after President Joe Biden formally sought to review how marijuana is classified under federal law, a change that pot producers in the U.S. and Canada have long sought after months of stalled federal reform that soured enthusiasm in the industry.
The moves buoyed the cannabis sector after steep losses in 2022, even as more states launch adult-use and medical programs for cannabis. But in Canada, producers continue to lose money and face stiff competition.
The announcement also follows Biden’s shifting stance over the years on pot — from opposing legalization to eventually supporting some degree of decriminalization and medical cannabis consumption. And it comes as Democrats try to whip up support for this year’s midterm elections and as many Republican
lawmakers remain wary of legalization.
“This is huge news — the biggest step under the Biden administration so far on federal cannabis reform,”
Biden move is a boon for cannabis capitalism
"This is massive. Both for the industry and obviously from a social equity perspective," explains Karan Wadhera
Dan Primack, author of Axios Pro Rata
President Biden on Thursday said that he'll ask for a review of whether marijuana should remain classified as a Schedule 1 substance under federal law.
Why it matters: This could be momentous for the upstart U.S. cannabis industry, which has been slowed at every turn by federal prohibitions.
What to know: Most cannabis companies are unable to use federally chartered banks, largely owing to the Schedule 1 designation, and instead are relegated to using state-chartered banks and credit unions.
Not only does this limit borrowing opportunities, but it also negatively impacts cannabis companies' abilities to take credit cards and otherwise process payments.
A proposed bill called The SAFE Banking Act would help remedy this situation, but Biden's move could help set the conditions for passage.
Other impacts: Removing the Schedule 1 classification also could help more cannabis companies move public stock listings from Canada to the U.S., and also better enable federally funded researchers to study the plant's medicinal benefits.
Caveats: Removing the Schedule 1 classification isn't necessarily synonymous with full legalization in all 50 states.
There's no public timetable for when the Departments of Justice and Health & Human Services will begin their reviews, let alone complete them. Nor are the outcomes predetermined.
By the numbers: 330 U.S.-based cannabis companies raised around $3.1 billion in venture capital in 2021, according to research firm PitchBook. The data through late August of this year was a bit more modest, with around $900 million for 109 companies.
Elsewhere: Biden also announced plans to pardon all federal offenses of simple marijuana possession, and called on governors to do the same in their states.
What they're saying: "This is massive. Both for the industry and obviously from a social equity perspective," explains Karan Wadhera, managing partner of cannabis-focused VC firm Casa Verde Capital. "People have been waiting for this ever since Biden took office."
Wadhera adds that venture capital has always been comparably scarce for cannabis startups, which helped keep valuations from rising apace tech startups before this year's correction.
The bottom line: Biden's move could spark a ton of new investment in U.S. startups, as a burgeoning industry gets normalized.
PVSP twitter: Excited about PR release MONDAY!!
Pervasip Corp
@PervasipC
·
2h
$PVSP Going into this weekend with smiles on our faces and excited about the PR we'll release Monday!
"Going down the list, checking off the boxes"
Stock is worth 3-5 cents today, not next year!!LOL
Markets, particularly pink sheets have no idea what a company is worth, that would take someone to actually read the financials and unfortunately what most pink stock players actually do is chase the price, nothing more.
They sell when the price is going down and they buy when the price is going up, LOL
2,544,800 on BID & 2,544,300 on ASK,LOL
Talk about MM games, they are the only one on the BID and ASK, and Buyers just step in every now and then, LOL
Planting the cheap seeds for big Payoff
PVSP is such a gift at these prices, easiest money you will ever make in your life.
Can't even say dirt cheap anymore, shares are cheaper than dirt!! LOL
Bring em!
Large Cannabis MSO Blast Off on News
Tilray one of the largest MSO was up 40% at $4, just amazing considering the size and the fact that it took a year to walk it down from its from its high of $14.
Lot of room for all the cannabis stocks to RUN right into next YEAR.
Looking for NEW all time HIGHS possibly by end of the month, certainly by year end.
PVSP could easily hit .05 by then even though many don't believe it could move that far, but that is where the normal valuation should be and it will.
PVSP Tweet: And this is the Key..Declassify!
Pervasip Corp
@PervasipC
$PVSP ... and this is the key ... declassify!
This opens the flood gates to Banking reform and whole host of normal business practices. Cannabis companies will have access to banking system, be able to take deductions for normal business expenses, will make a huge difference.
IMO Senate will finally be able to pass the cannabis reform bill that change the industry forever.
PVSP Tweet: Finally! Let the process Begin!
Pervasip Corp
@PervasipC
·
12h
$PVSP Finally! Let the process begin in earnest and get it done for the greater good! ????????????
Cannabis Sales to hit $32 Billion 2022, $63B by 2028
The legal cannabis industry is projected to hit $32 billion in sales this year, according to New Frontier Data, with revenues expected to reach $63 billion by 2028.
Next few years are going to be life changing for many investors in cannabis
Wall Street Journal: Biden Mass Pardon & Rescheduling
The scheduling review—which would be conducted by the Justice Department and U.S. Department of Health and Human Services (HHS)—could fundamentally reshape federal marijuana policy.
Absolutely, this will allow Senate to Pass Decriminalization!!
Schumer needed this to get the ball moving to pass the Decriminalization Bill that has been stalled in the Senate. No doubt it will happen now !!!
HUGE NEWS
IDGC partner up 200% on 16M shares!!
Paul told you to buy some IDGC big news was coming, must be close.
Cannabis stocks flying, up 26%, 21%, 15%
The big guys are up big time immediately,
PVSP will start moving now!!
President Biden:
I am asking the Secretary of Health and Human Services and the Attorney General to initiate the administrative process to review expeditiously how marijuana is scheduled under federal law. Federal law currently classifies marijuana in Schedule I of the Controlled Substances Act, the classification meant for the most dangerous substances. This is the same schedule as for heroin and LSD, and even higher than the classification of fentanyl and methamphetamine – the drugs that are driving our overdose epidemic.
Finally, even as federal and state regulation of marijuana changes, important limitations on trafficking, marketing, and under-age sales should stay in place.
Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs.
Bide takes first step Decriminalization Cannabis!!
Daily conversion 3.7M today done!
Shaker is Sitting on the ASK, LOL
He has been doing this for over a year now, playing the flip for 2 tics. Still don't understand why he doesn't just sell into the runs instead of playing this "wall" game.
Still Converting, 4.7M today
Get them while you can, it will turn on a dime soon!!
Don't expect any single event for blast off
IMO you can't ignore the market sentiment, particularly the OTC and even more so the PINK market.
Improving fundamentals and business improvements will most likely not change money flow immediately as speculators play the PINKS, and they only care about the share price trend and no one knows what or when the money flow will come into the OtC and the cannabis market particularly, but eventually higher prices will have them chasing once again.
Investors have to have a time horizon longer than 3 days to make the serious money.
Manipulators have the day off. LOL
And some don't believe the stock is being manipulated by the trolls, like they are here to just to hang out, 24/7.
Most investors are holding their shares and accumulating more shares when the price dips.
Fundamentals are improving everyday, the price will move soon!!
It means PVSP Chairman is looking at Buyouts
Riss is Chairman and CEO of Hear to Serve, which just added another 20M shares in July and now holds 65M shares of Tino. Lets see what the Buyout price is but if it is 10 cents, Riss will be getting lot of cash.
He is one of the largest share holders of PVSP at 325 Million shares he individually owns.
IMO PVSP has been manipulated lower to this insane price of .0014, with market cap of less than $6m makes no financial sense at all. How can an asset that generates over $20M in revenue currently and projected to generate $30M in current year, $50M in next two years, not even considering merger, partnerships, acquisitions.
I thinks we could see the manipulator become the attempted acquirer, time will tell.
PVSP #38 Breakout Boards Again!!
PVSP is ready to RUN any minute. Hedgies can't keep us down much longer, just too much positive NEWS coming which includes big Revenue Numbers.
The OTC has been getting crushed the past year by Hedge Funds as payback but we are about to reverse that trend for good.
Riss TINO minerals Huge Buyout on Table!!
Twitter
ATTENTION $TINO SHAREHOLDERS - we have been offered the opportunity to be bought out at very attractive terms for our shareholders
Announced few min before close Friday, jumped 30% to .005. Buyout is said to be in the .05 to as high as 10 cents. Shorts are going to get KILLED, stock has been manipulated lower for the past year just like PVSP as hedges have been crushing OTC stocks.
Riss HTSC a partner of PVSP, owns 60 million shares, will run in sympathy Monday.
Wonderful NEWS!! Major breakout coming!!
Rock and Roll time coming
Something is leaking?
It alway does doesn't it.
LOL this is just too easy!
Bring em folks!!