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Sadly Non-reporting isn't the same as being on the greys :(
NOHO is PINK on The OTC ...and NOHO is not Halted
NOHO is ACTIVE Not HALTED
There has been NO Posting thats it's "Grey" the term "Grey" is being used loosely.
Heres their OTC Page
https://www.otcmarkets.com/stock/NOHO/filings
NOHO is NOT on the Greys ..It's Current No Stop/No Yield
https://www.otcmarkets.com/stock/NOHO/filings
Dispensaries are in a complex retail environment that requires an advanced financial software solution....NOHO Cannabis Financial solutions is gravitating toward that industry.
"Bud-Coins" are Currently Traded in a market similar to Bitcoin https://potwallet.com/
Crypto-Coins is the market where NOHO can be part of as NOHO is entering the Medical Finance community.
I wouldn't doubt assistance in helping patients get an MMJ card.
Centralizing Financials for The Organic MMJ Community
All this posting to try and PREVENT NOHO from getting on the break out board.... hmmm interesting.
NOHO will Streamline Medical Finance services for Next Gen "BudTenders"
It's where MMJ Financing is going.
Go NOHO !!
Forget Bitcoin..NOHO Will make BUD-COIN !!
IMO
Crypto-currency is Computer Gold for MMJ.... and I believe it's in NOHO's plan
http://www.thecannabist.co/2017/06/19/cannabis-industry-bitcoin-banking/81860/
Great Growth Curves in Financial Medical
Cannabis is the next Big Commodity imo
NOHO acquiring more Medical Finance Companies
imo
NOHO launching TWO websites on July 12, 2017
Dispensaries will be allowed to make profiles on NOHO website
Florida just passed Amendment 2
Whats good too is Laws are changing for MMJ
...and Gelmon has a lot of connections in the MMJ industry
imo
Oh snap !! NOHO is a MMJ Company that just woke up after 3 years with TWO websites that he JUST acquired May 30th 2017 !!
Another Gelmon MMJ stock hit over a Penny
In fact One of his MMJ stocks ran past $4
It's at .0001, Gelmon can run a stock way up, but maybe he's not for you.
Dude this is the OTC and guess what Trump is lifting regulations so you'll see OTC companies coming out of the woodwork...It's like a horse race and go with a jockey than has experience on taking a company up before theres problems.
Gelmon Brought Several Companies into DOLLAR LAND before problems
(BTW I'm not a Trump fan)
Many of his companies Run into Dollars before problems...Noho is Just waking up after 3 years with 2 websites..with TWO websites getting ready...Looks good.
NOHO only just acquired them May 30th
Umm err The Websites didn't even open yet so how do you expect sales?
I'm here for the Price Action,,NOHO is at .0001 and just acquired 2 companies , volume has been picking as we get closer to the July 12th opening day
Umm Errr Call him up and ask..Shareholders BY LAW have that Right
Umm Errr NOHO IS AT .0001 It's Just Waking UP after 3 years.
TWO Websites get worked on for the MMJ and Medical community .
Contact Name: Michael Gelmon
Address: 5005 Elbow Drive,
Southwest Calgary, AB, T2S 2T6, Canada
Phone: 403-988-2005
Email: mgelmon@telusplanet.net
Novation announced last month, it is offering its technology to Healthcare providers nationwide to include: medical and dental related offices.
General Practice, podiatry, ENT, dermatology, home healthcare companies, rehab clinics, etc. stating it as one of the fastest growing markets in the US. Health care occupations will add 2.3 million jobs in the next 7 years, more than any other growth sector
High Gross Margin related to software sales, Low Operating Cost and zero carrying cost of inventory have positioned Novation for rapid growth. Michael Gelmon CEO of Novation Holdings, Inc. stated,
“According to Cowen and Company last year, the medical marijuana market is expected to grow to $50 billion by 2026, but the real money is in picks and shovels.
Just like the California Gold Rush, when it wasn’t the people digging for gold who got rich but rather the businesses who supplied those people, it’s the businesses that supply marijuana-related businesses, like our credit and finance platform, that are making the most money from the industry market.”
NOHO CEO Michael Gelmon explains: We are positioned in 2 of Wall Street’s Hottest Sectors: FinTech and Alternative Lending, and have pointed our marketing sites directly at 3 of the fastest growing market sectors: Medical, Dental and Cannabis by offering access to $50,000 of business finance, and the speediest connection to 100’s of lenders in exchange for a software that provides this and more, for a fraction of the benefit!
Calgary, Alberta, June 02, 2017 -- Novation Holdings Inc.,, unveiled a preview of their Cannabis Market offering. Go NOHO !!
Here are NOHO's short sales
https://www.otcmarkets.com/stock/NOHO/short-sales
Heres NOHO's Cash Flow
View: Quarterly Semi-Annual Annual (Values in 000s | USD)
Period Ending Aug 31, 2016 Aug 31, 2015 Aug 31, 2013 Aug 31, 2012
Net Income
Operating Activities
Depreciation - - 600 1,499
Adjustments to Net Income - - 676 3,900
Changes in Liabilities 424 (1,071) 409 112
Changes in Accounts Receivables - - (160) 0
Changes in Inventories - - - -
Changes in Other Operating Activities - - (171) 419
Total Cash Flow From Operating Activities (60) (833) (381) (761)
Investing Activities
Capital Expenditures - - 0 (2)
Investments - - - -
Other Cash Flows From Investing Activities 60 60 - -
Total Cash Flow From Investing Activities 60 60 0 (2)
Financing Activities
Dividends Paid - - - -
Sale/Purchase of Stock 0 773 - -
Net Borrowings 0 0 380 742
Other Cash Flows From Financing Activities - - 0 0
Total Cash Flow From Financing Activities 0 773 380 742
Effect of Exchange Rate Changes - - - -
Change in Cash and Cash Equivalents 0 (0) (1) (20)
Heres NOHO's Balance Sheet
View: Quarterly Semi-Annual Annual (Values in 000s | USD)
Period Ending Aug 31, 2016 Aug 31, 2015 Aug 31, 2013 Aug 31, 2012
Assets
Current Assets
Cash and Cash Equivalents - - 0 1
Short Term Investments - - - -
Net Receivables - - 161 -
Inventory - - - -
Other Current Assets - - 13 5
Total Current Assets - - 174 7
Long Term Investments - - 52 -
Property Plant and Equipment - - 1 1
Goodwill - - 20 0
Intangible Assets - - 165 0
Accumulated Amortization - - - -
Other Assets 5 65 688 90
Deferred Long Term Asset Charges - - - -
Total Assets 5 65 1,102 99
Liabilities
Current Liabilities
Accounts Payable 101 36 225 32
Short Term and Current Long Term Debt 522 375 111 181
Other Current Liabilities - - 632 30
Total Current Liabilities 640 427 1,005 244
Long Term Debt 290 290 691 0
Other Liabilities - - - -
Deferred Long Term Liability Charges - - - -
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 930 718 1,697 244
Stockholders' Equity
Misc. Stock Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - 1 0
Common Stock 12,861 12,861 510 30
Retained Earnings (13,787) (13,515) (10,964) (9,266)
Treasury Stock - - - -
Capital Surplus - - 9,833 9,091
Other Stockholder Equity - - 24 -
Total Stockholder Equity (925) (653) (595) (144)
Net Tangible Assets (925) (653) (410) (144)
https://www.otcmarkets.com/stock/NOHO/financials#