Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cannabis Tilray on FIRE again, up 35% today!!
Hope you guys had some Tilray in your cannabis holdings, it up 100% in just the past month on record volume, and Cannabis may be finally rebounding!!
PVSP Twitter
Pervasip Corp
@PervasipC
$PVSP A few asked re the "Limited" indicator. 2 small disclosure errors … a service provider in Disclosures not listed in the company Profile and the name of the controlling person not listed. It is fixed and they will remove asap.
4:34 PM · Jul 31, 2023
·
12
Views
Stock Surges after Cannabis Company Improve Bottom Line
MARIJUANA
Tilray stock surges after cannabis company improves bottom line
PUBLISHED WED, JUL 26 202311:11 AM EDT
Stefan Sykes
@THESTEFANSYKES
KEY POINTS
Cannabis company Tilray Brands’ stock is up after it reported a narrower fourth-quarter loss than the year-ago period.
Revenue increased a record 20% to $184.2 million, up from $153.3 million in the prior-year quarter and above analysts’ expectations.
While a Canadian company, Tilray has been positioning itself to be a leader in the U.S. adult-use cannabis market.
TLRY
+0.29 (+17.53%)
Follow your favorite stocks
CREATE FREE ACCOUNT
A Tilray grow room
A Tilray grow room
Tilray
Shares Tilray Brands
spiked Wednesday after the Canadian cannabis producer reported a narrower loss for its fiscal fourth quarter than a year ago and a solid revenue beat.
The stock opened nearly 20% higher Wednesday at just under $2 per share.
While a Canadian company, Tilray has been positioning itself to be a leader in the U.S. adult-use cannabis market, but its plans have been hindered by the lack of major action on banking reform and federal legalization.
Tilray said its net loss for the three months ended May 31 was $119.8 million, or 15 cents a share, an improvement from the year-ago period when it lost $457.8 million, or 99 cents a share. Analysts polled by Refinitiv, however, expected a loss per share of just 5 cents per share.
Meanwhile, revenue increased a record 20% to $184.2 million in the period, up from $153.3 million in the prior-year quarter. That came in above analysts’ expectations of $154 million, according to Refinitiv.
Cannabis sector on FIRE !!
sundial up 11%
Medical Marijuana up 10%
Canopy Growth up 13%
Growlife up 15%
Green Thumb up 3%
Good to see improving fundamental in the Cannabis sector, now a little legislative progress like Safe Banking and we could see a runaway train!!
Tilray up 30% Beats Estimates Cannabis Recovery
These guys are one of the largest MSO and just as we saw with PVSP Artizen improvement in margins, revenue and operating profit, the Cannabis industry is gaining traction once again.
2023 and beyond could look very, very different than the recent past.
EBIDTA grew to about $726,000, a 437% improvement!!!!!
For the six-month ended period on May 31, 2023, the Company’s EBIDTA grew from about $167,000 to about $726,000, a 437% improvement
Achieved break-even operating cash during the Six Month Ended on May 31
Pervasip Corp.
Tue, July 18, 2023 at 9:15 AM EDT·6 min read
In this article:
PVSP
0.00%
Watchlist
Watchlist
Pervasip Corp.
Pervasip Corp.
SEATTLE, July 18, 2023 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, and its wholly owned subsidiary, Artizen Corporation, today announced the filing of its unaudited financial statements for its 2nd Quarter ended May 31, 2023.
Key Highlights
The Company achieved break-even Net Income from Operations in its second quarter, compared to a loss of $1,111,980 in the same period in 2022.
The Company also achieved break-even operating cash during the Six Month Ended on May 31, compared to a $854,221 loss of cash for the same 6 months period in 2022.
SG&A in this six-month period is down by $476,308 compared to the same period last year.
For the six-month ended period on May 31, 2023, the Company’s EBIDTA grew from about $167,000 to about $726,000, a 437% improvement
The Company achieved break-even!!! NICE
Highlights
The Company achieved break-even
Net Income from Operations in its second quarter, compared
to a loss of $1,111,980 in the same period in 2022
We are proud to report significant margin growth and expense improvements in the past quarter.
LOL, Mr Free Shares is a dope, LOL,LOL
Pervasip Corp Twitter
@PervasipC
$PVSP The harsh truth about projecting audit completions = you never get that right = at 99% complete it has been "one more week" for the past 4 weeks. On other fronts, about to finalize Los Angeles setup and Slurped distribution for CA, Oregon coming along beautifully, and ...
4:16 PM · Jul 14, 2023
·
4
Views
Pervasip Corp
@PervasipC
·
1m
$PVSP soon more to share re what we will do with Pervasip. Yes, we ARE following through on splitting into two fully functioning companies! Exactly as announced back in late Fall of '22. Patience is key.
Maryland expects billion-dollar cannabis industry after weed sales soar
BALTIMORE -- Recreational cannabis sales in Maryland are booming since being legalized on July 1st.
The first week of legalized recreational cannabis in Maryland proved extremely profitable, with the state's residents spending more than $20.9 million at dispensaries. This early windfall offers a glimpse of what officials believe could ultimately become a billion-dollar industry for Maryland.
Within the first seven days, both medical and recreational users have contributed significantly to sales figures, greatly benefiting local dispensaries.
"It has definitely boosted our business for certain," Linda Condon, clinical director at Nature Care Wellness, said. "I looked at a week's worth of data and I think we had almost 2000 new customers come through in 7 days."
Recreational users accounted for just over half the total revenue, their purchases contributing more than $10 million in sales.
This group was taxed at a rate of 9 percent, the proceeds from which are directed to a fund intended to aid communities previously harmed by cannabis prohibition.
"That money goes to fund the community investment and repair fund established by the general assembly," said Andrew Garrison, a representative of the Maryland Cannabis Administration. "The fund was created to help communities that have been disproportionately harmed by cannabis prohibition."
Despite the hefty tax, consumers are flocking to take advantage of the newly legalized substance.
"We're excited we're optimistic, and we're going to keep working with the industry to make sure that they're going to meet the demand and are doing so responsibly," Garrison added.
Businesses like Nature Care Wellness in Cecil County continue to accommodate a steady stream of medical card holders and new recreational users. They, along with others, hope to see the industry continue to grow and contribute to the community reinvestment and repair fund, which receives 35 percent of the special tax revenue.
"I think that's great if they can really put that money to where they can help the underprivileged populations and get that education out there. It's phenomenal because it's been such a taboo subject for so long," Condon said.
Looking to the future, officials expect cannabis to become a billion-dollar industry for Maryland by 2025. Starting in January 2024, the state will begin issuing licenses to social equity applicants - individuals who live in an area or have been personally affected by the war on drugs.
Oregon looks to crack down on illegal pot growers by holding landowners responsible
Politics Jun 9, 2023 9:17 PM EDT
SALEM, Ore. (AP) — Oregon has long been known as a mecca for high-quality marijuana, but that reputation has come with a downside: illegal growers who offer huge amounts of cash to lease or buy land and then leave behind pollution, garbage and a drained water table.
Now, a bill passed by the Oregon Legislature seeks to tackle that by making the landowners themselves responsible for the aftermath. The bill also prohibits the use of rivers or groundwater at the illegal site, as well as criminalizes seizing the identity papers of migrant workers who tend the plants or threatening to report them for deportation.
Under the bill, local governments are authorized to file a claim of lien against property used for illicit marijuana, if the owner doesn’t pay for the cleanup.
A leader of the state’s cannabis and alcohol regulatory agency has said southern Oregon is to marijuana what Bordeaux is to wine. But the state faces challenges on two fronts: The regulated industry has a glut of product that has slashed prices and profit margins, and there has been huge growth in illegal pot farms operating under the guise of growing hemp, which became legal nationally in 2018.
After passing the Senate and House, the House Speaker Dan Rayfield signed the measure Wednesday, over the objections of some Republicans. Democratic Gov. Tina Kotek is expected to sign it next week.
READ MORE: Antigua and Barbuda grant Rastafari right to grow sacramental marijuana
“This is just an assault on property rights here in the state of Oregon,” GOP Sen. Dennis Linthicum said on the Senate floor.
But Sen. Jeff Golden, of Ashland, said property owners should know something is amiss when they are “approached at the beginning of the growing season with requests to lease their property for tens, sometimes hundreds of thousand dollars for a single year.”
Witnesses have described backpacks with thousands of dollars in cash being handed over to landowners and getting numerous offers to buy.
“We pay CASH and offer a fast close,” says one letter received by a landowner last year, one of three offers.
Jackson County Sheriff Nathan Sickler told lawmakers that after police raid illegal pot farms, neither landowners nor the suspects make efforts to remove the cheaply built greenhouses, known as “hoop houses,” latrines, and other debris, including plastics and chemicals.
“Frankly, it’s an eyesore for our community, with no means to deal with it,” Sickler said.
Some two years ago, the ideal growing conditions began attracting criminal gangs from Mexico, Russia and other countries, police said. Thousands of hoop houses cropped up and police were overwhelmed, nailing only a fraction of the sites. Workers at these farms often live in squalid conditions and use open latrines, and they are sometimes cheated out of their pay.
Due to persistent police raids, which netted over 100 tons of illegal marijuana across the state last year, the grow sites have become smaller and more dispersed. For example, on Thursday, Josephine County Sheriff’s deputies and other officers raided a property in Cave Junction and destroyed about 2,000 marijuana plants and 100 pounds of processed marijuana.
Landowners who have been intimidated and suffered environmental damage from illegal grow sites are applauding the bill.
“At least most of the landowners knew what they were doing was wrong. I believe this measure will help to stem the tide,” said Jack Dwyer, who has a house near the community of Selma. In 2021, Dwyer said a large illegal grow site nearby siphoned all the water from a creek that runs through his property, causing it to run dry.
Christopher Hall, who works to engage the public in water stewardship, said the bill shows that Oregon officials understand the problem of large-scale illicit cannabis operations and are committed to solving it.
The illicit sites “not only turn streams into gravel roads but also lead to serious human rights violations and dumping of trash, sewage, chemicals, and other waste into ditches, riparian areas, and streams,” he said.
The Senate approved the measure before GOP senators began a walkout on May 3 over Democratic measures on abortion, gender-affirming care and gun safety. The House passed the marijuana bill on a 53-3 vote on May 31. The bill will now go to Kotek to sign into law, taking immediate effect.
“The governor supports cracking down on illegal cannabis operations that have been prevalent in southern Oregon,” said Elisabeth Shepard, Kotek’s spokesperson.
Left: Marijuana plants for the adult recreational market are seen inside a greenhouse at Hepworth Farms in Milton, New York, U.S., July 15, 2022. REUTERS/Shannon Stapleton
Cannabis Benchmarks: Washington State looking Good!
Washington State Spot Index prices are looking very good now and price continue to hold up well for 2023!! We are seeing this in the numbers recently reported for 2023, averaging about $1.35M per month. As prices improve our Revenue numbers are going to look very strong for 2nd half of 2023.
"Washington State wholesale spot price is likewise well-situated, trading near the top of a $69 range that has been in place since January 2023. "
https://www.cannabisbenchmarks.com/reports/u-s-cannabis-spot-index-may-5-2023/
PVSP Shareholders OS 5.5 Billion will receive 15 Million Shares
Check the math again. Artizen insiders will hold 85% of the 100M OS, and PVSP shareholders will receive 15% or 15 Million Shares. We each will receive the same % of 15M shares that we currently hold of the 5.5 Billion PVSP shares.
Plus we keep all of our PVSP shares
Marijuana Banking Bill Signed Into Law By Missouri Governor
Published 4 hours ago on July 7, 2023By Marijuana Moment
States are tired of waiting for the FEDs to act on Safe Banking!!
“There’s this divide between the federal and the state perspective on the topic that puts banks in a kind of tricky position.”
By Rebecca Rivas, Missouri Independent
Missouri’s marijuana businesses will have fewer obstacles when it comes to accessing banking, but they must now get fingerprint background checks from all their new employees and contractors, under legislation that Gov. Mike Parson (R) signed on Thursday.
Few banks nationwide serve cannabis businesses and their owners—or even their auxiliary partners —because most want nothing to do with a business that sells a product the federal government still considers illegal. That’s true even in states that have legalized marijuana.
The governor signed a wide-ranging public safety bill that in part allows the Department of Health and Senior Services, which oversees the state’s marijuana program, to share inspections and other information banks need to serve cannabis businesses.
Because the state agency hasn’t had this authorization previously, banks have been repeating the work DHSS has already done to meet federal financial guidelines—something not all banks are equipped for.
“In lieu of doing our own inspections,” Jim Regna, CEO and founder of Triad Bank, told lawmakers in March, “it’d be very, very helpful for us to be able to get this information from the Department of Health and Senior Services to make the program fluid and keep us in compliance with federal regulators.”
Also under the legislation, everyone working in Missouri’s cannabis industry will now be required to submit to a fingerprint background check.
Under the constitutional amendment that voters passed in November to legalize recreational marijuana, only the owners of cannabis companies were required to submit their fingerprints to the Missouri Highway Patrol for a criminal background check. Employees currently undergo a background check but aren’t required to be fingerprinted.
This legislation extends the fingerprinting requirement to all employees, contractors and volunteers of cannabis businesses.
The provision had support from both DHSS and the Missouri Cannabis Trade Association, which represents marijuana professionals and business owners.
However, the fingerprinting requirement could slow down the process of getting new cannabis employees to work, just as the state is seeing a surge in job growth, a cannabis human-resource specialist told The Independent in April.
The provision was part of a separate bill that the governor signed Thursday as well, which also makes some revisions to the background check process for schools and child care facilities.
Supporters of the banking provision also said helping cannabis businesses get access to banking is a public safety issue. Major credit card companies don’t permit cannabis purchases. That means all transactions for cannabis businesses nationwide are done in cash.
“There’s this divide between the federal and the state perspective on the topic that puts banks in a kind of tricky position,” said Jackson Hataway, president of the Missouri Bankers Association previously told The Independent.
That divide has left businesses unbanked, victims of frequent robberies and at the mercy of companies offering banking services for exorbitant fees—some that have now been deemed in violation of federal financial laws.
The association is advocating for the federal SAFE Banking Act, which is proposed legislation aiming to allow banks to do business within states that have legalized marijuana. It’s cleared the House several times, but has not yet passed.
“So we remain in the current quagmire we’re stuck in,” he said, “where you have a lot of states like Missouri that have upward pressure from businesses to have a secure and safe banking environment. Because if they’re all cash, they’re very risky.”
NEWS Leaking, LOL
50M on BID at.005!!
Bipartisan Pennsylvania Senators Unveil New Marijuana Legalization Bill
Published 3 hours ago on July 6, 2023By Kyle Jaeger
Bipartisan Pennsylvania senators have officially introduced a new bill to legalize marijuana in the state.
Sens. Dan Laughlin (R) and Sharif Street (D) filed the legislation on Thursday, about two months after first announcing their plans to team up on a reform push again after their joint cannabis efforts in prior sessions.
“Legalized adult use of marijuana is supported by an overwhelming majority of Pennsylvanians and this legislation accomplishes that while also ensuring safety and social equity,” Laughlin said in a press release.
“With neighboring states New Jersey and New York implementing adult use, we have a duty to Pennsylvania taxpayers to legalize adult-use marijuana to avoid losing out on hundreds of millions of dollars of new tax revenue and thousands of new jobs,” he said.
The two senators previously sponsored a legalization bill that was not ultimately enacted last session, but they say the newly filed proposal represents a significant improvement that they hope to advance.
“We have a unique and singular opportunity to correct decades of mass incarceration, disproportionate enforcement against marginalized communities, the criminalization of personal choice and the perpetuation of violence, which all materialized from the failed war on drugs,” Street said.
“Legalizing the adult use of cannabis will help us fully and equitably fund education, lower property taxes, and address a variety of community needs throughout Pennsylvania,” he added.
Here’s what SB 846 would accomplish:
Adults 21 and older could purchase, possess and gift up to 30 grams of cannabis.
The legislation would allow medical cannabis patients to grow up to five plants for personal therapeutic use, but adult-use consumers would not have a homegrow option.
Marijuana products would be subject to an eight percent sales tax, and retailers would additionally need to pay a five percent excise tax on cannabis that it sells.
The tax revenue would go to a Cannabis Regulation Fund under the state treasury department. Tax dollars would cover administrative costs and then be distributed to municipalities that allow cannabis businesses to operate in their area and the state general fund to “provide economic relief to this Commonwealth.”
Marketing that targets youth would be prohibited and there would be “workplace requirements regarding marijuana use for all those operating in good faith,” according to the sponsors’ press release.
The Administrative Office of Pennsylvania Courts would work with police to identify records for people with prior cannabis convictions and facilitate automatic expungements.
People who’ve been disproportionately impacted under criminalization and meet income requirements would be eligible for social and economic equity business licenses.
The measure would prioritize public safety, giving law enforcement the ability to “adjudicate” impaired driving and empower them to “eradicate” the illicit market.
While federal law prohibits people who use marijuana from buying or owning firearms, the bill would provide state-level protections against losing gun rights over cannabis.
Possession or use of marijuana by parents or guardians could not be used as the sole basis for adverse child custody actions.
These are the State Tax Revenue Numbers
Very accurate and State audits them to catch cheaters, LOL
Artizen April Sales were nice too, $1.3 Million
As cannabis price continue to rise after falling 65% the past few years, our sales will continue to grow!!
https://www.topshelfdata.com/wa/lacey/artizen-cannabis-company-1
UP 50% now, Market Cap was $300M now $450M LOL
Same thing is going to happen to PVSP when Artizen spins off and we get some normal funding, not the PINK junk stuff.
Shorts getting Killed, LOL
Cannabis stocks are RUNNING on the Canopy news, they are up 30% and others 3 to 6% today!!!
Artizen spin off will get us off this horrible PINK crap that no normal lenders will touch with 10 foot pole. Get the Audit done, move to OTC, spin off Artizen with only 100M shares, and we will ROCK.
Safe Banking, descheduling, and legalization decriminalization could all happen the second half of 2023.
Canopy Growth raises $150 MILLION Institutional Investor
Canopy market cap is $under $300m and Institutional investor decided to do a convertible for $150 Million, which tells you the company is worth way more than $300M, just as PVSP Artizen is worth a lot more than $1.6 Million.
Money is coming back into the beaten down Cannabis Sector as the shares are so CHEAP across the sector.
Everyone of them are 65 to95% off their recent 2 year high prices, and PVSP and Artizen are no different.
Actually Artizen has done very well in keep revenues basically flat to slight growth when cannabis prices have fallen on average 65% over past two years. Word is that pricing is finally firming and beginning to increase which is a great sign for increasing revenues!
Apple has 16 BILLION shares, we have around 5B LOL
Board is a joke, too funny!
Top Biden Official says Federal Descheduling by YEAR END!!!!!!
Congressional Cannabis Caucus Leaders React To Marijuana Scheduling Update From Top Biden Official
Published 2 days ago on June 16, 2023By Kyle Jaeger
Congressional marijuana reform leaders say that they are encouraged that a top Biden administration official told Marijuana Moment on Thursday that he believes a cannabis scheduling review that he’s overseeing could be completed “this year.”
In the months since President Joe Biden directed the U.S. Department of Health and Human Services (HHS) and Justice Department to carry out the administrative review, advocates and stakeholders have eagerly waited for a status update. HHS Secretary Xavier Becerra finally offered a tentative timeline, saying he hopes to send the president a scheduling decision “this year.”
Three co-chairs of the Congressional Cannabis Caucus weighed in on the news in statements to Marijuana Moment, expressing cautious optimism that the secretary will follow through with action in the coming months.
“I will be disappointed if we cannot make significant progress within the year,” Rep. Earl Blumenauer (D-OR) said. “There should be a greater sense of urgency for this long overdue action.”
Blumenauer also led a letter to Becerra and Attorney General Merrick Garland in March, alongside 15 other bipartisan members of Congress, demanding transparency in the cannabis scheduling review.
The letter said that Biden’s scheduling directive represents “an opportunity to make honest assessment of the origins and implications of federal policy,” adding that “marijuana was scheduled based on stigma not science,” and it’s “time to address marijuana’s existing reality as a state-regulated substance.”
Rep. Dave Joyce (R-OH) told Marijuana Moment on Friday that he’s “glad to have the support of Secretary Becerra to work on a commonsense, extensive review of the scheduling process.”
And Rep. Barbara Lee (D-CA) made clear that she wants the review to conclude with a determination to remove cannabis from the Controlled Substances Act (CSA) entirely.
“Federal descheduling is long overdue,” the congresswoman told Marijuana Moment. “We’ve been pushing the Biden administration to take bold steps to end the war on drugs, and I’m hopeful they will.”
As lawmakers work to enact more incremental marijuana legislation like the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, Lee said last week that the Biden administration needs to take action on federal cannabis scheduling “now,” before the upcoming election.
According to Becerra, who spoke to Marijuana Moment during a press briefing in Sacramento on Thursday, that timeline may actually be achievable—and could even come months before the November election.
“What I can tell you is that the president instructed us at HHS—FDA in particular—to take a look at how we treat marijuana to see if we can update our review of marijuana as a drug and how we can make sure how we treat it going forward on the federal level,” the secretary said. “Places like California have already changed the laws, the federal government has not, and so we’ve been instructed and we’re underway with that review as we speak.”
He said that HHS, along with other agencies like the Drug Enforcement Administration (DEA), are “working together to try to see if we can give the president an answer that’s based on the science and the evidence. Stay tuned. We hope to be able to get there pretty soon—hopefully this year.”
Once HHS finalizes its review, it will send a scheduling recommendation to DEA, which makes the final call. The health agency’s scientific findings are binding, but DEA could theoretically flout the resulting recommendation.
“We are working to try to get out there as quickly as we can on marijuana,” Becerra said.
The Form 10 Filing requires 60 days to become effective
SEC Form 10-12B
By ELIZABETH BLESSING
Updated June 15, 2022
What Is SEC Form 10-12B?
SEC Form 10-12B is a filing required by the Securities and Exchange Commission (SEC) when a public company issues a new stock through a spinoff. The SEC requires parent companies to register the securities to be spun off and to disclose information about the spinoff to its shareholders and the public. Companies will use SEC Form 10-12B to do this.
As part of its filing and disclosure obligations, the parent company must provide extensive information about itself and the spinoff company. This includes financial statements and pro forma financial information, along with a disclosure of risk factors.
KEY TAKEAWAYS
SEC Form 10-12B is a regulatory filing that the issuer of shares via a spinoff must report.
A spinoff occurs when a parent company creates a new independent company through the distribution or sale of new shares of its existing business.
The purpose of SEC Form 10-12B is for the parent company to disclose to shareholders and the trading markets relevant information regarding the proposed spinoff.
An SEC Form 10-12B filing includes pro forma financial statements, a letter explaining the reason for the spinoff, details on how the new company will operate, and a disclosure of risk factors.
?Understanding SEC Form 10-12B
SEC Form 10-12B has its origins in the Securities Exchange Act (SEA) of 1934.
In the United States, all publicly traded companies listed on stock exchanges must comply with SEA requirements. The SEA authorized the formation of the Securities and Exchange Commission to enforce securities laws, regulate the securities market, and protect investors from securities fraud.
SEC Form 10-12B is the form a company files with the SEC when it issues new stock through a spinoff. A spinoff is a type of divestiture that occurs when a parent company decides to create a new independent company through the sale or distribution of new shares of its existing business. The purpose of SEC Form 10-12B is to provide adequate and transparent information to the public about the proposed spinoff.
Requirements of SEC Form 10-12B
SEC Form 10-12B includes a letter from the parent company to shareholders explaining the reason for the spinoff as well as pro forma financial statements showing how the spinoff would have performed in the past if it had already been an independent entity. The form also includes details about how the new company will operate, the potential strengths and weaknesses of the new company, and the outlook for the new company's industry.
While companies are required to make complete disclosures in their filing materials, the SEC is not responsible for evaluating the worthiness or merits of the spinoff as an investment.
? As with any investment, it is the investor's responsibility to perform due diligence before investing in a spinoff.
Before investing in a spinoff company, investors can search the SEC's EDGAR database to find the 10-12B filing related to a particular spinoff. Investors can review the filing for key financial information that might impact their investing decision.
Special Considerations
Companies often do spinoffs for strategic reasons. Spinning off a subsidiary may help management focus on their core business, allowing the spinoff to become the focus of attention and resources under its new management. This may allow the subsidiary to more fully realize its potential value for shareholders.
Spinning off a subsidiary may also allow the parent company to more fully realize its value if the spun-off subsidiary was in a slow-growth industry that created a drag on parent company earnings. Selling off a subsidiary may also be used as a takeover defense, potentially making the parent company less attractive to suitors.
HUGE: Key Senate Committee Will Vote On Marijuana Banking Bill In ‘Next Two Or Three Weeks,’
Chairman SaysPublished 5 seconds ago on June 7, 2023By Kyle Jaeger
Senate Banking Committee Chairman Sherrod Brown (D-OH) says his panel will vote on sending a bipartisan marijuana banking bill to the floor “in the next two or three weeks.”
The committee held an initial hearing on the Secure and Fair Enforcement (SAFE) Banking Act, sponsored by Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT), last month. And now, the chairman says, it’s heading to a markup this month before advancing to the floor.
As its currently drafted, the measure would protect banks and credit unions, as well as depository institutions, from being penalized by federal regulators for working with state-licensed cannabis businesses.
“We’re looking at markup on [a fentanyl-related bill], the executive compensation issue and the SAFE Banking Act issue,” Brown told Bloomberg Law, adding that “we want to do all that in the next two or three weeks.”
Senate Majority Leader Chuck Schumer (D-NY) and others have discussed plans to amend the legislation on the floor to adopt “critical” criminal justice provisions such as expungements for prior marijuana convictions, calling broader effort to repair the harms of the drug war a “moral responsibility” for Congress.
It’s unclear if members will move to make any revisions to the measure in committee at the forthcoming markup, but at least one Democratic senator on the panel has previewed changes he would like to make to the main banking provisions.
Sen. Jack Reed (D-RI) and some consumer groups have raised concerns that Section 10 of the bill could inadvertently limit the ability of regulators to take action against people exploiting banking services.
Brown himself previously said that he worried banking representatives were trying to use the legislation to “weaken bank rules” and “undermine” regulations.
Advocates, stakeholders and certain lawmakers have also floated other changes that they’d like to see incorporated into the cannabis bill such as expanding protections to free up marijuana industry access to all forms of financial services, including representation on major U.S. stock exchanges.
That request has faced some criticism from other advocates who say that would be an inappropriate move to help businesses while efforts to legalize marijuana stall in Congress.
A major cannabis lobbying firm apologized last month after sending a letter to Senate Banking Committee leadership concerning the banking bill that contained “inappropriate” references to investments from China in a “misguided attempt” to push for amendments expanding the legislation.
Sen. Jacky Rosen (D-NV) also recently said that she wanted the SAFE Banking Act to pass with an amendment allowing cannabis businesses to access federal Small Business Administration (SBA) services.
In April, Schumer said that he was “disappointed” that a so-called SAFE Plus package of cannabis reform legislation didn’t advance last year, saying “we came close,” but “we ran into opposition in the last minute.” He said lawmakers will continue to “work in a bipartisan way” to get the job done.
The majority leader has been holding meetings with Democratic and Republican members in the early months of the new Congress to discuss cannabis reform proposals that might have bipartisan buy-in this year.
Sen. Cory Booker (D-NJ) said recently that lawmakers are working to “resurrect” the cannabis reform package, acknowledging that failure to advance a banking fix for the industry “literally means that hundreds of businesses go out of business.
Rep. Earl Blumenauer (D-OR), who is a lead sponsor of the House version of the SAFE Banking Act, said at a recent press briefing that thinks it’s important that advocates and lawmakers align on any incremental proposals to end the drug war, warning against an “all-or-nothing” mentality.
The American Bankers Association (ABA) also recently renewed its call for the passage of the legislation. And all 50 of its state chapters did the same, as did insurance and union organizations, in recent letters to congressional leadership.
Paul Riss at NASDAQ Closing Bell Ceremony today 4PM
PVSP will be doing the NASDAQ next year!!
Here-to-Serve Holding Corp. (OTC:HTSC)
@HeretoServe9
Watch $HTSC CEO at the Nasdaq closing bell ceremony 4 pm May 26th. He serves as the audit committee chairman of $MGRM. Congrats to Monogram for its Nasdaq listing!
10:44 AM · May 25, 2023
·
175
Views
Both Trades today are BUYs, show as Sell
.00045 MM stepping between BID and ASK, LOL
PVSP shareholders get 4 x Equity Value!!!!
The spin off will leave PVSP shareholders with 80% Equity vs current 13% which a mega gain. The other 20% will be used for future funding ventures and are held by the original Artizen owners.
All current shareholders will of course receive the same % ownership in the NEW Artizen Stock, that they have in the current PVSP stock. If you own 1% of PVSP then you will get 1% ownership in the New Artizen spin off. The new company will only have 100m shares outstanding and PVSP shareholders will get 15% of the new company or 150M shares that will be divided based on your current ownership in PVSP.
PVSP will emerge from the spin off with All or most Debt eliminated, thanks to the recent Debt Conversions.
A Market Cap of $1.4M with Revenue $18M plus, INSANE!!
Anyone with half a brain knows that the current price does not accurately reflect the true value of the company.
With the current depressed values of ALL Cannabis companies, analysis still say the companies are valued at 1 to 2 times trailing revenue, which means PVSP Artizen should have a market cap of at least $18M to $36 today, just on the current revenue numbers.
Actual future value is more like 6 to 8 times revenue so a lot of money is going to be made by those that can stomach the volatility.
Smart Money picking up Bargains
The Debt Conversions are DONE!!
Little painful for some apparently, but for others this has been an opportunity of epic proportions!! LOL
Blaster, what if there is no "Next Dump"? LOL
What happens if the convertible debt is DONE?
What happens if no one jumps off the bridge?
What happens when the Safe Banking Legislation is enacted?
What happens when Artizen spins off with Audited Financials and only 100M outstanding, and a float of only 15 million share?
Paul Riss gets NASDAQ IPO done Ringing Opening Bell Friday!!
Up 91% from IPO price, Nice work Paul congrats, now let's get Artizen to the NASDAQ next year!!
Paul Riss
@PaulRiss
May 19
I am pleased to be part of the team at $MGRM. $30+ per share premarket after a #crowdfunding at $7.25. Ringing the opening bell next Friday. Reg CF and Reg A+ brought the company to #NASDAQ. $NCPL $HTSC $KRTL $DLMI
Here-to-Serve Holding Corp. (OTC:HTSC)
@HeretoServe9
May 19
$HTSC affiliate $MGRM - Monogram Orthopedics stock soars 91% following $17M IPO https://seekingalpha.com/news/3973097-monogram-orthopedics-stock-soars-91-following-17m-ipo.
Watch us ring the opening bell on Friday May 26th
Monogram Orthopedics stock soars 91% following $17M IPO (update)
May 18, 2023 4:37 PM ETMonogram Orthopaedics, Inc. (MGRM)CSSE, KSCPBy: Val Kennedy, SA News Editor10 Comments
Blue IPO background
Andrey Tolkachev
Medical device maker Monogram Orthopedics (NASDAQ:MGRM) stock soared as much as 91% following a $17M initial public offering.
Shares of Monogram opened at $10.15. The stock hit a high of $13.86 in late morning trading before sliding to close at $11.75, up 62% from its IPO price of $7.25.
Monogram went public via a Regulation A+ IPO, a type of offering created under the JOBS Act to give small companies better access to capital. Other past Reg A+ IPOs include Chicken Soup for the Soul Entertainment (CSSE) and Knightscope (KSCP).
The company said it sold 2.4M shares priced at $7.25, which raised around $17.2M. The offering closed on Wednesday.
Digital Offering served as lead managing selling agent, with R.F. Lafferty as syndicate manager. Selling group members included Cambria Capital, DealMaker Securities and OpenDeal Broker.
Based in Austin, Texas, Monogram is a developer of orthopedic implants, tissue ablation tools, robotic surgical equipment and related software.
Top House Democrat And Republican Congressman File Bill To Prepare For Federal Marijuana Legalization
Published on April 14, 2023By Kyle Jaeger
The top House Democrat and a Republican lawmaker have refiled a bill to lay the groundwork for federal marijuana legalization.
Rep. Dave Joyce (R-OH) and House Minority Leader Hakeem Jeffries (D-NY) introduced the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act on Thursday.
The incremental reform would direct the attorney general to create a commission charged with making recommendations on a regulatory system for cannabis that models what’s currently in place for alcohol.
“With nearly every state adopting its own set of cannabis reforms, an end to federal cannabis prohibition is inevitable,” Joyce, co-chair of the Congressional Cannabis Caucus, said in a press release.
“Now is the time for the federal government to respect the will of our constituents and begin the conversation on fair and effective cannabis regulation,” he said. “The PREPARE Act will give lawmakers a bipartisan platform to legislate not only a fair and responsible end to prohibition but also a safer future for our communities.”
The prospects of comprehensive marijuana legalization advancing in the Republican-controlled House this session are questionable, but certain members have expressed confidence that modest reform could be achievable on a bipartisan basis. The PREPARE Act could represent an area of agreement to that end.
“Americans across the political spectrum recognize that now is the time for cannabis reform, and the federal government should be ready to embrace and lead this change,” Jeffries said. “Since the failed war on drugs began over 50 years ago, the prohibition of marijuana has ruined lives, families and communities—particularly communities of color.”
“The PREPARE Act is one of the bipartisan solutions that will lay the groundwork to finally right these wrongs in a way that advances public safety and boosts our economy,” he said. “I am grateful to Congressman Joyce for reintroducing this important bill and his leadership to help the federal government be ready for the inevitable end to cannabis prohibition.”
While legalization legislation was introduced last Congress, with Democrats in control of both chambers plus the White House, they did not advance on the Senate side, with leadership acknowledging the challenge of meeting a 60-vote threshold with a narrow majority.
Advocates are also closely following for developments on a package of incremental reforms that’s expected to contain marijuana banking and expungements legislation. Efforts to push that through last session similarly stalled out.
The PREPARE Act, meanwhile, is mostly identical to the version the lawmakers filed last Congress, with some minor changes to the commission’s responsibilities and legislative appointments.
Here’s what the bill would accomplish:
Require the attorney general to establish a “Commission on the Federal Regulation of Cannabis” within 30 days of the bill’s enactment.
The commission would be responsible for studying federal and state regulatory models for alcohol and make recommendations about how they could inform marijuana regulations.
Among other things, the commission’s report must look at the impact of marijuana criminalization, particularly as it concerns minority, low-income and veteran communities.
The panel would also examine the “lack of consistent regulations for cannabis product safety, use and labeling requirements,” including those related to youth safety, as well as the “lack of guidance for cannabis crop production, sale, intrastate, interstate, and international trade.“
It would also need to make recommendations on how to remedy cannabis-related banking and research barriers as well as address measures to ensure the “successful coexistence of individual hemp and cannabis industries, including prevention of cross pollination of cannabis and hemp products.”
Members would further be mandated to study and make recommendations on “efficient cannabis revenue reporting and collecting, including efficient and tenable federal revenue frameworks.”
The panel would be required to issue a report to Congress within 12 months.
The bill was revised for the new Congress to make it so the commission would also have to look at “requirements to protect youth and reduce harms to youth” as part of its directive to assess the lack of consistent safety standards in marijuana regulations.
Another revision requires the House minority leader to appoint a commission member who is an “expert in the history of cannabis criminalization and the impact of criminalization on various communities, particularly minorities, medical patients, and veterans.”
Previously, the minority leader was tasked with appointing someone who was “medically licensed with substantial knowledge and demonstrated research into cannabis use and medical treatments.” That would instead be the majority leader’s responsibility under the amended bill, whereas the previous version would have had the majority leader appoint a medical cannabis patient or advocate, a role that is no longer contemplated under the new bill.
The commission would also include representatives of:
Department of Health and Human Services
Department of Justice
Department of Agriculture
Department of Veterans Affairs
Department of Interior
Department of Education
Department of Labor
Department of Commerce
National Institutes of Health
Alcohol and Tobacco Tax and Trade Bureau
Food and Drug Administration
Internal Revenue Service
Bureau of Alcohol, Tobacco, Firearms and Explosives
National Highway Traffic Safety Administration
Occupational Safety and Health Administration
National Institute of Standards and Technology
Small Business Administration
Nothing to do with any of that, LOL
2022 was the Worst Year Ever for Cannabis companies with Huge price crash from over supply, even while usage actually increased.
Cannabis ETF (MSOS), an actively managed fund focused on domestic multi-state operators, is down 72% in 2022. Two of the largest U.S. cannabis suppliers, Curaleaf (CURLF) and Cresco Labs (CRLBF), are down 57% and 73% this year.
Cannabis has never been so popular, or so cheap. Yet just over half of American adults have never even tried it, providing lots of room for future growth as that percentage shrinks.
Unfortunately for cannabis suppliers, too many of them have invested in this premise, leading to severe oversupply and a crash in prices.
Congress and the federal government may eventually lift the federal prohibition that has cost the industry dearly.
We will get there just going to take longer than many expected.
Cannabis RUN starting 28%, 20%, 13%, 11% !!!!
All up higher mid day!
Watchng for the Close today!
Cannabis companies moving UP, 7% to 16%
Someone may know something with the Safe Banking getting close now.
Tilray up 8%
Sundail up 11%
Aurora up 4.4%
Canopy Growth up 12.4%
Grow generation up 9%
Medmen up 16%
PVSP and IDGlobal management claim Massive Shorting
Very interesting that both Riss companies are accusing Massive Shorting of their stock as the issue on price declines. Not a word about conversions.
They may just be right, IMO this is much more than just some conversions.
IDGlobal Corp
@IDGlobalCorpInc
·
May 19
Replying to
@GoingGreenPicks
The massive shorting of 87 million shares and today it stopped. Maybe the short and distort scheme fund that has attempted to bring our company to our knees finally realized the progress that company management is speaking of puts shorts at huge a risk.
Pervasip Corp
@PervasipC
(5) $PVSP letting the shorts go after yours and our business is simply [...fill in your favorite expression ...]. Time to buy PVSP! At current $ we're easily 5 times below the most conservative value! Do the math! Check the market! Dive into Financials! Shorts are loving it!
Legal Cannabis Sales Expected to Reach $37 Billion in 2023
WOW!!! "US market is expected to make up 81% of Global Cannabis Sales"
The cannabis sector, following a mixed regulatory response, continues to report growing adoption and sales, though delays to meaningful legislation in the US and inflationary concerns have put increased scrutiny on cannabis firms’ path to profitability.
Worldwide legal-cannabis sales are expected to rise 15%, to $37 billion, in 2023, driven primarily by an anticipated 14% gain in the US as a result of increased adoption in legalized states or newly legal states.1 The US market is expected to make up 81% of global cannabis sales, even without federal legalization.2 The Canadian market is projected to see a 12% rise in 2023 sales, to $4.7 billion, accounting for 12% of global sales.3 North America’s dominance should decline in the longer term, we believe, with the next wave of growth emanating from Europe.
Key Takeaways
A large illicit market and varied regulatory landscape have been headaches for the legal cannabis industry, but adoption continues to increase, and worldwide legal-cannabis sales could rise 15%, to $37 billion, in 2023.4
Current operating conditions have cannabis companies focused on increasing efficiencies and positioning for potential legislative victories in the US.
Internationally, supply chain dynamics continue to improve in Canada, and proposed legislation for the legal use of recreational cannabis in Germany could set the stage for broader adoption in Europe.
Legal Weed Sales Projected To Grow 14% in 2023
Legal sales of cannabis in the United States are expected to grow by 14% this year, according to a leading industry market data analysis firm.
BY
A.J. HERRINGTON
MARCH 15, 2023
Sales of legal cannabis in the United States are projected to grow by 14% in 2023, according to a recent report from Colorado-based cannabis industry market analysis firm BDSA. In an updated five-year global legal cannabis market forecast, the company reports that global spending on legal cannabis increased by 4.8% to $32 billion in 2022. BDSA projects that the global cannabis market will see a compound annual growth rate (CAGR) of 13.2% from 2022 to 2027, resulting in a total worldwide regulated cannabis market size of $59.6 billion by 2027.
The U.S. legal cannabis market has shown significant growth across the industry as more and more states legalize adult-use cannabis and medical marijuana. And while the industry’s growth slowed in 2022 in response to market conditions including rising inflation and economic uncertainty, BDSA expects the U.S. legal weed market to again show significant growth this year, projecting a 14% increase in the market in 2023.
“Legal cannabis spending slowed significantly in 2022 due to rapid price declines across all markets,” Roy Bingham, co-founder and CEO of BDSA, said in a statement from the company. “Despite this, our updated forecast predicts strong growth in the U.S. driven by developing markets, particularly the adult-use markets of Missouri, New Jersey and New York.”
Currently, 21 states have legalized cannabis for adults, while 37 states, the District of Columbia and three U.S. territories have passed laws to legalize the medicinal use of marijuana. Additionally, 11 states permit the use of low-THC cannabis formulations for medicinal purposes. Only Idaho and Nebraska continue to prohibit all forms of cannabis.
Some Mature Cannabis Markets Contracted In 2022
The U.S. cannabis market posted rapid growth during the height of the COVID-19 pandemic as lockdowns kept consumers home and dispensaries were designated as essential businesses in many states. But last year marked the first decline in overall cannabis spending in some mature cannabis markets in the United States. In the West, early cannabis policy reform adopters California, Colorado, Nevada and Oregon saw a combined drop in spending on legal adult-use cannabis of 16.5% in 2022, according to the updated report. BDSA expects most mature cannabis markets in the U.S. to return to positive growth in 2024, although more slowly through 2027 than in the years leading up to the pandemic.
Newer legal cannabis markets showed strong growth in 2022, despite the decline seen in more mature markets. BDSA also projects new legal adult-use cannabis markets to launch by 2027, predicting a start of legal sales in Maryland in 2024 and in Florida and Ohio in 2025. The launch of new recreational marijuana cannabis markets is also possible in Minnesota and Hawaii by 2027, BDSA notes, but the company does not expect to see federal cannabis legalization during the five-year forecast period.
Brian Vicente, founding partner of the cannabis law firm Vicente LLP, agreed that emerging markets will help fuel the growth of the legal cannabis industry in the upcoming years.
“The future remains bright for the cannabis industry in the United States. Despite a recent setback at the polls, with Oklahoma voters shooting down legalization this month, we are still seeing other domestic markets expand and commence sales,” Vicente wrote in an email. “This includes significant revenue growth in newly-legal cannabis markets like Missouri and New Jersey, and also emerging medical markets like Mississippi. With additional states like Florida and Ohio looking likely to legalize in the next several years, we can expect continued expansion in cannabis sales.”
By 2027, U.S. sales of adult-use cannabis are forecasted to contribute 78% of the total spending on legal cannabis worldwide, up from 64% in 2022. U.S. legal cannabis spending is expected to grow at a CAGR of 11.3%, from $26.1 billion in 2022 to $44.5 billion in 2027, with the industry’s growth driven primarily by the New York, Florida, New Jersey and California recreational marijuana markets.
Globally, cannabis markets outside the U.S. and Canada are forecast to grow at a CAGR of 40% to $9.5 billion in 2027, up from $1.8 billion in 2022. BDSA forecasts the Canadian market will see overall growth of 12% this year, increasing to a $5.7 billion market by 2027 at a CAGR of 6.3%. New adult-use markets in Germany and Mexico are expected to be the primary drivers of global growth, while existing limited medical cannabis programs are expected to expand, particularly in the European Union and Latin America.