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It’s odd to me that the negative info is usually impossible to confirm, while the positive/pro-FITX info is provable (pictures, documents, I’ve even had to use Google Earth to make sure the site is where it is advertised, due to some doubters claim that it was not in Canada!).
I’ve seen almost every argument from the doubters, the next claim may be that Bill is an alien scamming us from another planet.
Crossrip is right! Make your money now & buy this stock or kick yourself in the butt later.
POSTED EARLIER:
There are a few benchmark dates for FITX that I see:
1) Approval of the building (in whatever form it takes) from Canadian and local governments.
2) Licensure from Canada (whatever the legal terms/conditions turn out to be).
3) Actual production begins in the facility (seeing little shoots of MMJ coming up in those pics posted online).
4) First sales of product.
5) Any action within Canada or the United States that moves legal marijuana forward (medicinal, or especially, recreational).
All of these occurrences will move the stock up. How high? Very high, in my opinion. Upon first sales of product, all those people talking about “pole barns,” “licenses,” “cousin’s property,” “zoning,” and the rest, will be wishing they bought under .09. This is the easiest money you will ever make.
Just my humble opinion – but, as a college freshman I wrote a paper on how the Berlin Wall would never come down in my lifetime, so…
PS – PH*T is still a good buy at .60, but don’t believe me on that either.
Many of these questions have been answered recently.
From a Canadian newspaper:
In Lakeshore, Ont., a town of about 40,000 people just outside Windsor, municipal officials actively sought out a medical marijuana producer after Health Canada announced the new rules.
They found CEN Biotech, a Michigan-based company that is now building a $12-million facility on a four-hectare lot a stone's throw from the town's Ontario Provincial Police station.
Mayor Tom Bain said the response from his fellow councillors and residents has been mostly positive, thanks to the promise of tax revenues and jobs in a community whose fortunes have long depended on the turbulent auto industry.
There are a few benchmark dates for FITX that I see:
1) Approval of the building (in whatever form it takes) from Canadian and local governments.
2) Licensure from Canada (whatever the legal terms/conditions turn out to be).
3) Actual production begins in the facility (seeing little shoots of MMJ coming up in those pics posted online).
4) First sales of product.
5) Any action within Canada or the United States that moves legal marijuana forward (medicinal, or especially, recreational).
All of these occurrences will move the stock up. How high? Very high, in my opinion. Upon first sales of product, all those people talking about “pole barns,” “licenses,” “cousin’s property,” and the rest, will be wishing they bought under .09. This is the easiest money you will make.
Done.
Just my humble opinion – but as a college freshman I wrote a paper on how the Berlin Wall would never come down in my lifetime, so…
PS – As an adult I bought 8,500 shares of Apple in 1998 (and held).
PPS – PH*T is still a good buy at .60, but don’t believe me on that either. I bought it at .09
I am buying much more. I might sell half of my PH*T, which I bought at .09, in order to get a large amount.
I will make my first stock price prediction ever. FITX will be over $1.50 in one year or so.
Read: http://www.cbc.ca/news/canada/british-columbia/commercial-medical-marijuana-growers-banking-on-massive-sales-1.2591992
Do your own due diligence -- I am just a very happy Huskies fan, not a professional investor.
Wow, this article really refutes a lot of the BS that is posted on this board. In particular:
In Lakeshore, Ont., a town of about 40,000 people just outside Windsor, municipal officials actively sought out a medical marijuana producer after Health Canada announced the new rules.
They found CEN Biotech, a Michigan-based company that is now building a $12-million facility on a four-hectare lot a stone's throw from the town's Ontario Provincial Police station.
Mayor Tom Bain said the response from his fellow councillors and residents has been mostly positive, thanks to the promise of tax revenues and jobs in a community whose fortunes have long depended on the turbulent auto industry.
"It's going to be limited to medical marijuana and it's not going to be anything else, so with those regulations in place and with such a strong geographical location next to the police department, we felt we were ready to go ahead with it," says Bain.
I've read recent posts that they were unwanted in the community. I am adding to my position tomorrow.
I can't believe all of the posts claiming this is a "pump and dump." Does that fence look fake? Does that building look like paper? Are these people crazy? When this thing starts producing this stock is going to climb - I am not sure how far, but it won't surprise me if it passes PH*T. I am buying more tomorrow.
Just the opinion of a guy looking at some pics on FB, and wondering why some are so negative, so please, if you believe this is a "pump and dump," sell me your shares at .065, I'll take 1 million.
Been here since .09. I think this company will be the Walmart of the industry. BUT, who's next? I am thinking it might be FIT? They are not as well managed, but the facilities they are building could be cash gold. Any thoughts?
I have been investing the marijuana stocks for a little under a year. Jackpots are few and far between, but I recently did very well with PH*T, which hit .55 today (I bought at .09).
That being said, I have researched these stocks and believe that FITX is the next PH*T. two things hold it back from being at that price already, one being number of shares, and the other being a management team with PHOT's relative name recognition. (PH*T has less shares currently outstanding, but may potentially issue billions more, which could deflate the price.)
I can see FITX doing quite well if they keep moving in the direction they are going. (Dollar land in a few years.)
THESE STATEMENTS ARE JUST THE OPINION OF AN OLD GUY FROM NEW ALANNECTICUT.
Thanks for the info, I'll give it a read over the weekend.
Yeah, I bought into the "there's gold in them thar hills" idea before checking into things, before checking out Bharti, etc.. Gold and mine stocks are new to me, but I'll get it.
I can not find the report, nor ca I find another source that confirms that Bharti is reliable.
Agreed.
I have noticed (in my limited time in the pennies) that statements on forums such as this one can move pps. With very little info on PCFG, this forum may be the only place pepe have to turn.
You might find this funny - a friend of mine call PCFG Pump, Con, F***, Gouge.
Yeah, it was just wishful thinking on my part. I understand your irritation after being screwed.
I do not know that you are wrong, but...
all of this negative talk is only going to hold this stock down, and scare potential buyers away, which you may be hoping to do as a way of warning people - and I appreciate that.
That being said i would like to see this thing move forward - at least a little.
I guess that says it all.
With all of this GOLD, or should I say alleged GOLD, why are these guys just scamming? Hire a competent manager and start extracting.
I am not afraid to lose my money on this investment (it's very small relatively), but I hate to see money wasted!
Pasted from another post:
4,0OO,OOO OZ/PROVEN GOLD,2.5,OOO,OOO OZ/PROPABLE GOLD ... The Bharti report outlines the total Crescent Valley resource as being almost 2 million cubic yards of proven gold bearing gravels, 12.6 million cubic yards of probable gold bearing gravels, and 30 million cubic yards of potential gold bearing gravels. http://www.pacificgoldcorp.com/news110614.html
I have hope because of recent steps by the management to clear debts etc. There is much more money to be made in actual gold/metal extraction than in pumping and dumping. THOUGHTS?
Wow! I can't wait to read that. I hope it's an independent authority.
Does anyone know how much gold/metals there is? Lots of rumors about a lot of gold, but how do we confirm? Just wondering.
____________________________
DON'T LISTEN TO ME EITHER, I ONCE TOOK ADVICE FROM A CANADIAN AND BOUGHT BREx
Obtaining permits would be a positive move; that would be a great start. Does anyone have any hopes of this company becoming a serious ongoing concern? It seems that some of the land they control hold real promise.
Recent moves seem to be positive, but this company's recent history is not good. I would like to see some new management brought on board, someone with a good reputation in this industry. Right now I am long on PCFG, but could not recommend a position to anyone; it's just so hard to see what they are doing.
New management would really make me positive.
I wonder what they are doing to get things running again. Any news other than what has been posted here in the recent past? If the operation ever gets going this might be a good buy and a long hold.
New PR Released:
Alternative care industry sees growth as medical marijuana companies continue expansion: Zoned Properties, Inc. (OTC: ZDPY), Growlife, Inc. (OTCBB: PHOT), Advanced Cannabis Solutions, Inc. (OTCBB: CANN) Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) and GW Pharmaceuticals plc (NASDAQ: GWPH)
Zoned Properties, Inc. (OTC: ZDPY) http://www.zonedproperties.com, a lessor of land, facilities and equipment to the medical marijuana market has entered into a definitive agreement and opened escrow on a multi-tenant industrial complex in Tempe, Arizona. The company is currently in the due diligence period and expects to close on the property within sixty (60) days. The facility has several tenants including a state licensed Arizona medical marijuana cultivator. The 83,000 square foot facility sits on 5.3 acres and is being purchased for $4.6 million.
To read the full press release, please click here: http://www.fnmprofiles.com/profiles-zdpy.html
Newly appointed V.P. of Operations and C.S.O. Bryan McLaren stated "This purchase represents the type of commercial transaction that Zoned Properties, Inc. aspires to accomplish. This property is in the heart of downtown Tempe, Arizona located in very close proximity to Phoenix Sky Harbor Airport as well as many major highways. We believe a purchase like this gives us a great asset base to build off as we continue to execute our strategy of acquiring uniquely zoned properties."
Growlife, Inc. (OTCBB: PHOT) a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis is pleased to announce that shares sufficient to constitute a quorum under the Company's Bylaws were present either in person or by proxy at the February 7, 2014, special meeting of shareholders and, therefore, the Company transacted business. The preliminary voting results indicate 506,035,500 shares of the common stock of the Company voted in favor of the proposal. This represents 88.2% of the shares entitled to vote on the sole proposed item, which was an amendment of the Company's Certificate of Incorporation increasing the number of shares of common stock the Company is authorized to issue from 1,000,000,000 to 3,000,000,000.
Advanced Cannabis Solutions, Inc. (OTCBB: CANN) recently signed a definitive agreement with Full Circle Capital Corporation, a closed-end investment company. The agreement provides that the investment fund will initially provide $7.5 million to the Company in the form of Senior Secured Convertible Notes, subject to certain conditions. An additional $22.5 million can be borrowed by Company with the mutual agreement of the Company and the investment company. At least 95% of the loan proceeds will be used to acquire properties which the Company, consistent with its business plan, will lease to licensed cannabis growers. The six-year loan will be secured by real estate acquired with the loan proceeds, and will require interest-only payments at a rate of 12% per year.
Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) announced that the U.S. Food and Drug Administration (FDA) granted accelerated approval of NORTHERA[TM] (droxidopa)for the treatment of symptomatic neurogenic orthostatic hypotension (NOH). NORTHERA is the first and only therapy approved by the FDA which demonstrates symptomatic benefit in patients with NOH. NORTHERA is indicated for the treatment of orthostatic dizziness, lightheadedness, or the "feeling that you are about to black out" in adult patients with symptomatic NOH caused by primary autonomic failure (Parkinson's disease, multiple system atrophy and pure autonomic failure), dopamine beta hydroxylase deficiency and non-diabetic autonomic neuropathy.
GW Pharmaceuticals plc (NASDAQ: GWPH) a biopharmaceutical company, together with its subsidiaries, is engaged in discovering, developing, and commercializing cannabinoid prescription medicines. The company operates through three segments: Sativex Commercial, Sativex Research and Development, and Pipeline Research and Development. The company primarily offers Sativex, an oromucosal spray for the treatment of MS symptoms, cancer pain, and neuropathic pain. It also focuses on the Phase III clinical development program of Sativex for use in the treatment of cancer pain. In addition, the company's product pipeline includes an orphan childhood epilepsy program, as well as other product candidates in Phase I and II clinical development for the treatment of glioma, ulcerative colitis, type-2 diabetes, and schizophrenia. It has a strategic alliance with Otsuka Pharmaceutical Co., Ltd. On Tuesday, GWPH closed down 1.66% on over 300 thousand shares traded.
I'd get in. Especially if you're long-term.
You are 100% correct. Other states that are on the fence will move more quickly now. One less hurdle.
I've been waiting for someone to say this. Sometimes the things that you believe "everyone knows," aren't as widely understood as you hope.
Those crying about the dilution reek of desperation. They either don’t know of (or understand) the plan as it was clearly laid out by Sterling et. al., or they don’t know how to grow a business. Either way, why do those of us who believe that PHOT pps will climb even bother to respond?
I bought at .09, I bought at .15, and today I bought at .29. I would buy more, but I have reached the amount I set aside for this investment, now I will watch it grow,
DON’T TAKE INVESTMENT ADVICE FROM ME – I NEVER THINK THE SKY IS FALLING.
I don't get the naysayers. I may just a backwater hick from the swamps of Philadelphia, but a growing company with more money to work with, in THE dynamic sector of our time, with smart, hard-working leadership, and clearly defined vision, is a company that will MAKE YOU MONEY AS AN INVESTOR.
NEVER TAKE STOCK BUYING ADVICE FROM ME - I NEVER GRADGERATED HIGH SKOOL.
Just curious then...
When do you see the stock hitting above .40 again? I bought in at .09 and have reloaded again at .29, I expect it to maintain the .3 price, but would not be surprised to a .5 or a .23. What is your time frame if you love the stock?
NEVER TAKE STOCK ADVICE FROM ME. I TRADE OLD COMIC BOOKS FOR A LIVING, AND MY FICO SCORE -435
SEEKING ALPHA ARTICLE MUST READ
Growlife - The No. 1 Stock In The Marijuana Market
Feb. 5, 2014 2:32 PM ET | 46 comments | About: PHOT
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
It is worthwhile analyzing the marijuana stock market, including the recent run-up in share prices. I have identified three tiers in this market: Tier 1: large companies (3), Tier 2: medium companies (9), Tier 3: small companies (13). My analysis indicates that Growlife, Inc. (OTCQB:PHOT) ($0.3450) is the best short-term and long-term investment of the 25 current publicly traded marijuana stocks. According to an article on Benzinga.com, Growlife is a favorite among marijuana investors in a recent survey: 48 percent expect Growlife to gain the most value in 2014. My analysis concludes the same. Significant near-term and intermediate-term industry announcements will drive share prices higher than today's marijuana stock market.
The Green Rush is here to stay. It is the real deal. The CNN/ORC International survey released on Jan. 6, 2014, indicated that the number of people who say smoking pot is morally wrong has plunged. Fifty-five percent of those questioned nationally said marijuana should be made legal, with 44% disagreeing.
When the Volstad Act was repealed in 1933, it created today's $180 billion worldwide alcohol market. Estimates for the U.S. marijuana market are $40-$45 billion. Worldwide marijuana market projections are about $115 billion, or two-thirds the size of the worldwide alcohol market. Traders and investors need to differentiate between value and hype. This marijuana market is an historical stock market event, somewhat similar to the beginning of the Internet industry's stock market. Navigating through this volatile market without understanding or analyzing how it works today and what it will look like in the near term and long term can be confusing for the average investor. This article clears up certain confusion.
Marijuana stock prices react to news and press releases and will continue to do so with volatility. There have been plenty of these and the trend will continue. The idea is this: Keep your eye on the ball and study the fundamentals of each potential investment, and at the same time, understand how the marijuana stock market works. The following is your guideline.
The table below will help you understand that the listed cannabis companies can be broadly classified into three-tier groups. This list will grow as other companies enter the industry.
1. Tier 1: Companies with a market capitalization larger than $500.0 million (3)
2. Tier 2: Companies with a market capitalization larger than $50.0 million -- less than $500.0 million (9)
3. Tier 3: Companies with a market capitalization of less than $50.0 million (13)
Click to enlarge images.
Market capitalization is an intelligent way to value a volatile industry. While price targets are normally calculated using discounted cash flow analysis (DCFs), forecasting a business for at least five years, this industry carries a speculative premium on share prices. This premium will continue and possibly expand. A good way to compare marijuana stocks is to view their market caps and prices in relation to one another as seen in the above table.
While a lower market cap might be attractive, if the share price is too high it might be better for an investor to wait until both metrics fall in line. Most of the companies in Tier 2 and Tier 3 have little or no revenues and cannot be valued via price to book, price to earnings, price to cash flow and other ratios. They can and should be valued by discounted cash flow over longer periods of forecasting. Those companies that are able to raise cash should survive. Others that cannot will either go out of business or disappear. Some have quality assets that can be sold to stronger companies such as Growlife.
In Tier 1, there are three companies with a market capitalization of over $500.0 million: CannaVEST Corp. (OTCQB:CANV), $65.05; GW Pharmaceuticals Plc (GWPH), $55.39; and MedBox, Inc. (OTCPK:MDBX), $37.00. Of these three, GWPH is the most attractive opportunity as it is well funded (over $65.0 million is cash) and has made significant progress in developing a product portfolio of cannabinoid prescription medicines. However, this stock has experienced a sharp rise in its share price from $8.50 to close at $50.00 in the past few months. While the potential is still there, we do not see double- or triple-digit growth in the company's share price in the current year.
CannaVEST, related to Medical Marijuana (OTCPK:MJNA), is suspect. It is grossly overpriced with a market cap of $769 million. MedBox, Inc. with a market cap of $535.8 million has come down in price and might be interesting. At the bottom of the three Tiers there are 13 companies that have market capitalizations of less than $50.0 million. Investment in most of these stocks appears to be a risky proposition because:
Some are priced less than a cent (Sub-penny)
Non-reporting (No SEC Filings)
Minimal or Zero Sales (Pre-Commercialization)
Very Low Cash Reserves (Limited Growth Potential)
I believe that in general, Tier 2 companies with a market capitalization of larger than $50.0 million but less than $500.0 million are the best choices for investment in this current Green Rush. There are nine companies in this group. Growlife is the company of choice in all three groups including Tier 2. Few of them are well-capitalized. Some have a sound business model. Most of them do not have adequate management teams, a top notch board of directors or access to capital. Management is key for any private or public company. While all of these companies are listed on the over-the-counter markets (where listing standards are minimal), most of these companies have seen their share prices soar since the Colorado Phenomenon. It appears that some companies from this segment provide the most prudent investment opportunities. Key components for your analysis should include:
Business model and revenue potential
Management quality and Board of Director expertise.
Sophisticated legal advise
Product positioning within the "sweet spot" of recent DOJ regulations
Leverage, benefits and participation for upcoming industry announcements
Capitalization and availability of capital for growth
Trading volumes to ensure liquidity
Disclosure, reporting and SEC Filings
Growlife is the only company in this industry that fits all the above required criteria, including its acquisition-oriented business model. Growlife's core holdings are multiple divisions targeted at the indoor and outdoor marijuana markets including gardening and specialty markets. Indoor growing will be huge. Any medical marijuana prescription can be met by growing indoors. Indoor growing is preferred for recreational use due to cold weather. This also includes users who will grow indoors because they do not want to have outdoor plants stolen. The company develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment, retail support software, infrastructure financing, nationwide retail network, as well as online sites. Growlife also operates a political and social forum.
Growlife has seven hydroponic stores projected to generate about $1 million per store. In two to three years, the company can build out its national Home Depot type of footprint to 30-40 stores, or about $35 million of sales in its bricks and mortar businesses. Growlife can buy and roll up other hydroponic stores. The company is ideally positioned within the DOJ's guidelines of medical and recreational marijuana. Growlife can also become an attractive acquisition target for companies such as Reynolds American (RAI) ($47.00) or Phillip Morris International (PM) ($76.00).
Last week, Growlife announced two blockbuster deals. The first deal with RXNB locks in substantial international distribution in drug formulation, manufacturing and distribution in the pharmaceutical and nutraceutical markets including patents for THC research and development. RXNB has a portfolio valuation of $110 million dollars and approximately $27.5 million dollars in annual revenue. Growlife subsidiary Organic Growth International LLC ("OGI") is a joint venture with CANX USA LLC. The deal allows Growlife to purchase a 40% equity stake in RXNB. GrowLife owns a 45% ownership interest in OGI and can increase its position to a majority interest.
The second deal locks in access to production and product sales with CEN Biotech, a Canadian manufacturing facility. CEN will begin construction on a state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. This production facility is targeted to produce 1.3 million pounds of dried medical marijuana annually. The total may include capacity that is set aside for import and export. Growlife and its affiliates will serve as CEN Biotech's exclusive supplier of legal cannabis growing equipment for the entire term of the shared ownership, subject to certain limitations.
According to management, Growlife can generate sales of around $11 million in 2014, up from about $4 million in 2013. However, 2014 should increase revenue estimates as both of these announced deals mature. The company's increase in authorized shares will allow it to issue new outstanding shares to finance both deals including future acquisitions and partnerships. This increase in authorized shares is a must for an acquisition company. It is a decided benefit.
While this industry currently lacks sources of financing, Growlife is the only company in this group that has raised $40 million of capital. They can acquire or take advantage of the best opportunities that become available in the industry. Those opportunities are certain to present themselves. The company is fully SEC reporting. Growlife has the best management team in the industry including the recent hire of new president, Marco Hegyi, an ex-Yahoo (YHOO) and Microsoft (MSFT) senior key executive. CEO Sterling Scott is a regulation attorney, an excellent operating officer. The company's impressive acquisition-oriented board of directors is the best in the industry.
Growlife common stock has risen from 1 cent to a high of 47 cents while generating an amazingly high share volume trading on the OTC. Average daily volume for the last three months has been over 30 million shares with close to 1.5 billion shares traded during this time period; 3 billion-plus shares traded over the past year. This massive volume is a highly valuable and remarkable asset for Growlife's exposure to investors.
In the 35-cent price range, Growlife common stock is an opportune entry point for purchase. Medical Marijuana, Inc., a non-reporting company under SEC investigation, has risen from $0.10 to a high of $0.50. It trades at $0.336 today. By way of comparison, Medical Marijuana's market cap is $318.4 million vs. Growlife's market cap of only $245.58 million. Medical Marijuana's accounting statements and reported revenues are in question. Growlife's are not. Clearly, Growlife is the undervalued and preferred investment of the two stocks.
Growlife's business model spreads its operational risk through multiple divisions. A Growlife investor's primary risk is the company's ability to manage a multi-division corporation that includes industry regulatory issues. General company risks in the marijuana industry include lack of capital, inferior management, adverse regulations, inability to execute on a business plan, poor investor information by non-reporting and reporting companies and stock market volatility. Growlife's business model is likely to benefit significantly following the legal regulations of the DOJ including anticipated reversal of banking industry sanctions.
In addition, Growlife is not completely dependent on marijuana and the marijuana plant due to its general gardening business. In the marijuana business, the company does not touch the plant. This diversification through multiple sources of revenue will allow Growlife to continue to grow its revenues and cash flows regardless of the industry's regulatory environment. That said, I expect that future industry announcements will help the entire industry including Growlife.
Looking at the three Tier index, we can see some companies of interest where their share prices and market caps are reasonable. HEMP, Inc. (OTCPK:HEMP) at $0.17, a hemp company, is interesting because the company has a marijuana subsidiary, Marijuana Inc. that can be resuscitated and directed into both the recreational and medical marijuana industries. Also, the U.S. House of Representatives recently legalized the cultivation of hemp in the U.S. GreenGrow Technologies (OTCPK:GRNH) at $0.43 is well positioned in the industry, has a reasonable market cap of $51.14 million, but its price is too high at this time. In Tier 3, Terra Tech (OTCQB:TRTC) $0.40, has a reasonable market cap of $40.16 million but its share price is also too high. A very interesting Tier 3 stock is Endocan Corporation (OTCPK:ENDO) at $0.108 with a market cap of $7.33 million. The three Tier market segment is a valuable guideline to relative and comparable value. Investors should do their own research to pick their favorite stocks, rather than speculate on volatile price swings in the marijuana industry.
Conclusion
The Green Rush is here to stay. It is likely to be one of the most continuing powerful and volatile events in the history of the U.S. stock market. Investors and speculators have jumped on this bandwagon. No one wants to be left behind. The marijuana stock market is the real deal. Share prices will continue to explode. There are eight and probably more major near-term and intermediate-term events that should drive the marijuana stock market to higher levels:
1. Allowing banks to finance the industry. By law, banks have been forbidden to lend to the industry. U.S. Attorney General Holder has announced a proposed reversal of this law proposing that banks can both receive deposits and provide banking services including lending to the marijuana industry. The industry is flush with cash with no place to deposit it. Share prices explode.
2. Credit card acceptance of marijuana purchases. If and when banking restrictions are removed and reversed, the major credit card companies should fall in line. Share prices explode.
3. HR 1523: The Pro Federal Government Hands off Bill. The possible passage of the Marijuana Laws Act of 2013. This bill would prevent the federal government from continuing to prosecute residents who are acting in accordance with their state's marijuana laws. The bill would legalize marijuana at the federal level to the extent it is legal at the state level. If passed, share prices will explode.
4. Federal taxation of the marijuana industry. There is no reason why the Federal Government would also not want to step in and tax the industry as they do with alcohol, other commodities and products. About $0.29 on the dollar in Colorado go to the state. Why should the Federal Government not collect? Share prices explode.
5. Washington begins recreational sales. This event with substantial media coverage should explode share prices similar to Colorado. The target date is this spring or summer.
6. Other states fall in line. As other states fall in line with major announcements and media coverage with both medical and recreational marijuana, this market will continue its powerful long term volatile increase in share prices and market capitalizations.
7. N.Y. goes medical and recreational. If N.Y. throws its hat in the ring, share prices explode.
8. California goes recreational. This event may happen in 2016. Share prices explode.
We envision a steady series of major industry announcements. Most are inevitable. All will continue to fuel the marijuana stock market. Growlife, Inc. is the best company for investment the marijuana industry because it is the outstanding value by every measurement of my analysis in this industry. At a price of $0.345, or a market capitalization of $245.58 million, the stock in today's marijuana market is worth about $0.49, or a market capitalization of around $348 million. Looking out intermediate term, with significant company and industry announcements as Growlife builds out its business model, the company should be able to carry a market cap of $500 million, or about $0.70 cents a share, possibly more if the industry premium holds.
Roll Tide - and PHOT!