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Hashchain Technology Inc. Announces Extension to Defintive Agreement and Provides Update on Proposed Reverse Takeover Transaction with Digihost International, Inc.
https://ceo.ca/@thenewswire/hashchain-technology-inc-announces-extension-to-defintive?fbclid=IwAR0uS5aNCSI6IhBKCL0p3id7iQL6_G0i_ukppn2lEgixH-T_HkylEqK9jNQ
Hashchain's Future
The only company that has shown an interest in Hashchain is Digihost after all this time. Why is that if it is such a prize. In the volatility of cryptos. I would rather be part of a profitable hosting company. If the RTO had taken place several months ago the new shares in the company would more than reflect the higher BTC prices. Then the HSSHF shares reflects it on the OTC market. The OTC has had much more sever R/P then the one Hashchain RTO. I have been investing for more than 30 years, successfully. I own shares in several companies, and give them all equal attention. Hash only warrants a small allocation of investment dollars due to the high risk I place upon the stock. The near term will determine whether I buy or sell the stock, providing that I am able to sell it.
Oct.11 will determine if it is sink or swim for Hashchain.
The vote is Oct. 11th.
Be very careful when making threats of lawsuits.
Ceo of Digihost Re: RTO of Hashchain
Michel Amar is a French-American businessman and entrepreneur known for his success in innovative technology, such as blockchain and electronics, as well as developing branded fashion. With a Bachelor’s degree in accounting and business management, Michel has worked and consulted with some of the most famous International brands, playing a vital role in their profitability and continued relevance.
In 2019, Michel partnered with Brookstone in developing exclusive, technologically advanced products for their consumer electronics market.
HENEWSWIRE.CA
HashChain Technology Inc. Advises of Retraction of June 2019 Investor Presentation and Provides Update on Proposed Reverse Takeover Transaction with Digihost International, Inc.
07/24/2019 11:30:00 AM
(via TheNewswire)
Vancouver, BC - TheNewswire - July 24, 2019 - HashChain Technology Inc. ("HashChain" or the "Company") (TSXV:KASH) (OTC:HSSHF) provides notice of a complete retraction of an investor presentation relating to the Company prepared for Digihost International, Inc. ("Digihost") and provides an update with respect to its previously announced reverse takeover transaction (the "Proposed Transaction") with Digihost.
Retraction of Digihost Investor Presentation
It has come to the attention of the Company that an inaccurate working draft of a June 2019 investor relations presentation which was being prepared for Digihost in connection with the Proposed Transaction (the "June 2019 Investor Presentation") was distributed by an agent of Digihost (the "Agent") without the approval of the Company or Digihost. The June 2019 Investor Presentation is retracted in its entirety.
The Company wishes to clarify that neither the Company nor Digihost prepared or authorized the distribution of the information included in the June 2019 Investor Presentation and that Digihost terminated its relationship with the Agent effective June 26, 2019. The Company cautions investors that the June 2019 Investor Presentation contains inaccuracies about the Company, Digihost and the Proposed Transaction. Accordingly, the information and statements contained in the June 2019 Investor Presentation, which may continue to be found in the public domain, should not be relied upon. Digihost has agreed, and will advise any agents engaged by it, that any future investor presentations regarding HashChain are to be reviewed and approved by HashChain prior to dissemination.
Update on Proposed Transaction
As last disclosed in the press release of the Company dated June 11, 2019, the Company has entered into an agreement with shareholders of Digihost, pursuant to which the assets of HashChain and Digihost will be combined by way of a share exchange between HashChain and shareholders of Digihost. The Proposed Transaction will constitute a "reverse-takeover" of HashChain by Digihost under the policies of the TSX Venture Exchange (the "TSXV" or the "Exchange").
The completion of the Proposed Transaction is subject to a number of conditions precedent (as described in prior press releases of the Company), including approval of the Proposed Transaction by the Exchange and the shareholders of HashChain. Review of the Proposed Transaction by the Exchange remains ongoing.
Trading Halt
The common shares of HashChain are currently halted from trading and are not expected to resume trading until the Exchange completes its review of the Proposed Transaction and a management information circular describing the Proposed Transaction is filed on SEDAR for consideration by HashChain's shareholders.
The Proposed Transaction cannot close until the required shareholder approval is obtained and there can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of HashChain should be considered highly speculative.
The Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.
Additional Information
For further information, please contact:
HashChain Technology Inc.
Paul Ciullo, Chief Financial Officer
T: 607-760-7870
Digihost International, Inc.
Angie Ihler, Media Inquiries
T: 917-242-6549
Canadian LPs Weakness
During the last month, Canadian LPs have been trending lower and we believe that this weakness is the result of two primary developments: 1) The firing of Bruce Linton as the CEO of Canopy Growth (WEED.TO) (CGC), and 2) The non-compliance notice issued by Health Canada to CannTrust Holdings (TRST.TO) (CTST).
Although the recent decline has been significant, we believe that the self-implemented suspension on CannTrust will benefit other Canadian LPs. Canadian authorities expected CannTrust to be a major supplier to the medical and recreational market on a going-forward basis. The suspension created a significant loss for the current and future production capacity needs of the Canadian market, and this will benefit other LPs.
Historical trends lead us to believe that the Canadian cannabis market will continue to be under pressure over the near-term. After the recent weakness, valuations look much more attractive and we will continue to closely monitor this vertical of the cannabis industry.
Canadian LPs Weakness
During the last month, Canadian LPs have been trending lower and we believe that this weakness is the result of two primary developments: 1) The firing of Bruce Linton as the CEO of Canopy Growth (WEED.TO) (CGC), and 2) The non-compliance notice issued by Health Canada to CannTrust Holdings (TRST.TO) (CTST).
Although the recent decline has been significant, we believe that the self-implemented suspension on CannTrust will benefit other Canadian LPs. Canadian authorities expected CannTrust to be a major supplier to the medical and recreational market on a going-forward basis. The suspension created a significant loss for the current and future production capacity needs of the Canadian market, and this will benefit other LPs.
Historical trends lead us to believe that the Canadian cannabis market will continue to be under pressure over the near-term. After the recent weakness, valuations look much more attractive and we will continue to closely monitor this vertical of the cannabis industry.
I spoke briefly with Amar CEO of Digihost today he said with the higher BTC prices the difficulty rate has also gone higher meaning his costs have increased 30%. He has access to much better rigs making HASH's rigs redundant. The continuing complaints that the TSXV exchange is getting from HASH shareholders is continuing to make it more difficult to get their approval for the RTO. He said when Hashchain releases their July report and the shareholders realize how bad the situation that will be the best time to have the vote.
Bitcoin Mining Difficulty Jumps by Most in Nearly a Year
Amar CEO of Digihost did not say HASH owe them 50M but $4.8M and $10M in lease obligation's. This is the information I got from listening to all three CC's and talking to Amar twice on the phone.
Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run
https://www.ccn.com/opinion/day-trader-warns-of-impending-40-bitcoin-price-drop/2019/06/28/
Bitcoin is very likely to crash soon, research shows
The high probability of a decline derives from the rapid pace of its price rise, which in recent days has become parabolic.
By Mark Hulbert Published: June 27, 2019 12:06 p.m. ET
CHAPEL HILL, N.C. (MarketWatch) — The odds are overwhelming — above 80% — that bitcoin will crash in coming months.
I base this bold prediction on a study, “Bubbles for Fama,” that appeared earlier this year in the Journal of Financial Economics. Its authors are Robin Greenwood, a finance and banking professor at Harvard Business School and chair of its Behavioral Finance and Financial Stability project; Andrei Shleifer, an economics professor at Harvard University; and Yang You, a Ph.D. candidate at that institution.
This prediction has nothing to do with the particulars of bitcoin BTCUSD, -7.99% I hasten to add. It might be, as this cryptocurrency’s true believers insist, that it will eventually dominate the monetary system, replacing gold as well as paper currencies as both a means of exchange and a store of value. But even if that turns out to be true, bitcoin would still be vulnerable to a crash. That’s because the high probability of its crashing derives solely from the rapid pace of its price rise, which in recent days has become parabolic.
The Harvard researchers found that when a runup exceeds certain thresholds, the odds grow markedly of a crash, which the researchers define as a 40% drop over a two-year period. That probability becomes 50% whenever a security’s prior runup is 100% or more over a two-year period. When the price increase becomes at least 150%, the crash probability rises to 80%. (See accompanying chart.)
Bitcoin’s recent price action more than qualifies. It has risen more than 440% over the past two years. It is up more than 270% just since the beginning of this year. The S&P 500 SPX, +0.58% over the past two years is up “only” 20%.
To be sure, you could argue that the Harvard study doesn’t apply to bitcoin, since the researchers focused on the stock market rather than cryptocurrencies. But I’m not so sure. The researchers reached their conclusion after studying nearly a century of data in both the U.S. and foreign stock markets. Their conclusions were broadly similar regardless of the time period or the country.
Though the researchers don’t speculate as to why their conclusions have broad applicability, one suspects that it derives from some basic traits of human psychology — traits that were memorialized centuries ago in the Greek myth of Icarus. Icarus, you will recall, soared too high with wings of wax — wings that melted when he flew too close to the sun, leading to his death.
It’s also worth mentioning that the researchers were unable to find any fundamental factors that increased or decreased the odds of a crash. That’s relevant to bitcoin, since many of its devotees believe that it is unique and that historical precedents don’t apply. Those devotees would do well to remember that every prior bubble was also accompanied by similar claims of historical uniqueness.
Mark Hulbert is a regular contributor to MarketWatch. His Hulbert Ratings tracks investment newsletters that pay a flat fee to be audited.
Express your thoughts by talking to Michel Amar of Digihost.
Shareholders are welcome to send Michel Amar emails and asking him to phone them to address any concerns they may have. Plus what he sees is the future of Hashchain shareholders if the RTO is approved.
Contact: Michel Amar
michelamar046@gmail.com
Reference to an email from Angie Ihler of Digihost
This a quote from an email in response to one I send Angie Ihler Exec, Assitant to Michel Amar CEO of Digihost after the last Conference Call.
I've worked 60 hour weeks by Michels' side for a year and I can assure you one thing: Michel is only interested in, and extremely good at, making money - not taking it. He has an incredible venture planned that will help HC skyrocket, vs. go under completely.
The new Hashchain will surge in price if the RTO is approved
It will then emerge financially a much stronger company, with no debts, making money. The only one in its sector. Plans to expand its money making hosting facilities. Even talking about paying dividends. With a very small float. Making smart decisions in the crypto blockchain sectors.
Michel Amar CEO of Digihost is the visitionary that can do the job for us. Patrick Gray knows that and will profit from his 5 million shares in Hashchain. That is why without hesitation I will be voting YES for the RTO.
Posted on Stockhouse
Phone call from Amar:
I have emailed Angie a couple of days asking about the circular and surprisingly she scheduled a phone call with Amar today.
He called me on time and we chatted for about 15 min and I asked the following questions:
1) you mentioned in the last conference call dated June 13 that the circular will be sent to shareholders to vote within 10 days and we haven't received anything yet. He answered that the venture exchange received many complaints and they were reviewing them. Now the review is done and the circular will be sent in the next couple of weeks.
2) when the trade resume. He answered that once the circular is sent the trade will resume.
3) did you raise the 5 million dollar. He answered yes we did.
4) what about future plans in case the RTO is approved. He answered that they will bring the new advanced miners onboard and he expect the new vertical integrated company to be profitable from Q1 and its value to reach 400 million by mid-2020. Done.
I wish you guys/gals all the best I hope you get a very good settlement. You certainly are deserving of one.
Global Cannabis Applications Corp APP
Up 28% on the Frankfurt Exchange this morning.
Global Cannabis Apps Looks Like The Next Weed (And Blockchain) Related Stock To Explode
Summary
•Weed stocks have gone on an insane run and investors in the sector will be scouring the markets looking for any remaining "cheap" companies.
•Global Cannabis Apps is one of the few microcap stocks left that are remotely tied to the industry that hasn't gone on an insane run, up "only" around 200% recently.
•Can APP succeed on its lofty milestones? That might not be important if you plan to play the hype and sell out before the market wants to see numbers.
I must say that I have greatly underestimated the strength of the bubble in the marijuana industry. I think there are a lot of new investors who never lived through the brutal crash in 2008 or the five year bear market on the TSX Venture just prior to the marijuana run experiencing beginner's luck who are helping to sustain this bubble. I have never been a huge fan of this industry as it relies heavily on favorable government policy to thrive rather than free market principles. For now, weed stocks look good but anyone investing in this industry is betting heavily that the volatile Republican-controlled government in the U.S. will leave the states be with their own laws on recreational or medicinal use. They are also betting that the Liberal government in Canada, led by a clown posing as a Prime Minister, won't be incompetent enough to completely screw up the legalization process, or corrupt enough to get the policy right but ensure that only themselves, the big banks and certain big players in the industry line their pockets while all the retail shareholders are left holding the bag. To the new traders and veterans alike who are smart enough to take their profits now while they have them, even if a little early, I tip my cap to you.
I think one day the weed industry will make an incredible shorting opportunity. We already see the foundation of that being laid, as Canopy Growth Corporation (OTCPK:TWMJF) (WEED.TO) cratered about $5 in a blink of an eye on Friday, likely as some large player sold out. But I don't think we are quite at that point yet, and there is still some opportunities to make money on the long side for the latecomers and people who are excessively greedy. The largest Canadian growers like WEED and Aurora Cannabis Inc. (OTCQX:ACBFF) (ACB.TO) were the first to move. Then we saw the smaller players like MYM Nutraceuticals Inc. (OTCQB:MYMMF) (MYM.C) and PUF Ventures Inc. (OTCPK:PUFXF) (PUF.C) move literally from pennies to dollars. Then we saw companies that are on the peripheral of the industry like Radient Technologies Inc. (OTC:RDDTF) (RTI.V) (read my blog about RTI here) and Isodiol International Inc. (OTCQB:ISOLF) (ISOL.C) move up considerably. Most recently, Namaste Technologies Inc. (OTCQB:NXTTF) (N.C), a distributor and online marketplace for cannabis and accessories has gone on an absurd run. This leads me to believe that Global Cannabis Applications Corp. (OTCQB:FUAPF) (APP.C) will be next.
I have seen this phenomenon happen before. When a sector becomes overheated, the money flows downstream to the lesser players. The highest quality companies go on a run first - WEED and ACB being accepted by the market as the high quality growers. Then the junior companies - MYM and PUF - make a huge run. Next are the ones that aren't in the industry but are closely tied to it. The most recent heavy movers aren't growers themselves.
APP looks like it is next in line to benefit from the weed bubble. It is not a grower. It doesn't touch the plant in any way or sell any kind of cannabis product. What it does have is a proprietary platform in Citizen Green which it proposes to develop an online marketplace for cannabis users to interact with each other and find the best (medical) cannabis for their needs. The company proposes to make money by facilitating that relationship between user and dispensary and gathering anecdotal evidence for which it hopes will become valuable data for pharmaceutical companies and regulators.
As if riding the coattails of the cannabis industry wasn't enough, APP has made noise in the blockchain industry and is proposing its own cryptocurrency reward token as part of the Citizen Green platform. In the microcap world, companies will reinvent themselves to follow the latest trend in hopes of pushing up the stock price and possibly getting financing at a good price in order to have money to enact some kind of business plan or continue to pay management salaries. APP has been one of the more outrageous examples I have seen. Formerly called Fundamental Applications, the company revamped its strategy after launching some mildly successful apps and claims to have generated over 300,000 downloads in total across all of its portfolio, mostly college-aged individuals. APP now plans to onboard those users onto Citizen Green for quick growth.
This buzzword-filled strategy in two hot bubble markets is just too delicious of a spec opportunity for a risk-loving investor like myself to ignore. I have noticed an increase in investors trying to spread the word on the stock as it closed the year at its 52-week high and up 27% on Friday so I thought I might as well jump in with my own two cents before the madness to come on Tuesday. A Fox Business news broadcast called "New To The Street" will be doing a feature on Global Cannabis Apps some time in January, which will only add fuel to the speculative fire.
With all that being said, CEO Brad Moore does not have the look or mouth of a sleazy, snake oil salesman trying to move his company up purely on a pump, despite the obvious paid promo piece.
He comes off as a nerd, and that is exactly who we need running this company to ensure it grows in a responsible and achievable manner. APP released an investor presentation in November, and by all accounts has set some very lofty goals for itself in the near-term:
APP forecasts to have $1 million in revenue per month by the end of 2018, infinite growth from the zero revenue earned according to its last financial filing. Can the company realistically achieve this? Maybe, maybe not. But as an early-stage investor this may not even be important to me. APP has "only" tripled from my original buy in point several months ago. If you look at runs made by Namaste or MYM, you can understand my use of the word only and why myself and others think this stock could continue its run.
Just like a company can rise when being a pretender in a hot sector, it can fall as fast if it does not execute and the industry gets cold. I have sold a bunch of my original APP shares while the stock has been on the rise, but continue to hold well more than half of my original position. The hype could continue for a while, but ultimately this stock will live or die on successful execution on its buzzword-filled strategy. That's a risk that "long-term" holders must take. For me to hang on much longer than a few months, the company will have to demonstrate clear progress towards achieving its financial and user base milestones. In the meantime, I am playing the cannabis bubble hype machine as I think January will be a monster one for APP considering the increased exposure, the expectations of the Fox business news piece and a lot of weed money from sector players scouring the industry for absolutely anything with "Cannabis" in its name that hasn't already moved 20 times from its price three months ago.
Disclosure: I am long APP with no specific price target. I have bought in months ago and I am deeply in the green. It is every investor for themselves on this one but I think there will be a substantial near-term increase which is why APP is still one of my largest positions.
Disclosure: I am/we are long FUAPF.
Additional disclosure: I hold positions in securities as disclosed in this article and may make purchases or sales of these securities at any time. I have not received any compensation for this article and all opinions reflected herein are my own. The information provided herein is strictly for informational purposes only and should not be construed as a recommendation to buy or sell, or as a solicitation of an offer to buy or sell any securities. There is no guarantee that any estimate, forecast or forward looking statement presented herein will materialize and actual results may vary. Investors are encouraged to do their own research and due diligence before making any investment decision with respect to any securities discussed herein, including, but not limited to, the suitability of any transaction to their risk tolerance and investment objectives
Medical cannabis meets insomnia and cryptocurrency
SciCann enters partnership with Global Cannabis Applications Corp., and iCAN-Israel Cannabis teams with Aura Medical to deliver insomnia formulation.
Israel’s role as a leader in the research and development of medical cannabis products was given another boost last week when Israeli-Canadian cannabis startup SciCann Therapeutics entered into a strategic partnership with Global Cannabis Applications Corp. (GCAC) of Vancouver, Canada.
SciCann will develop the drugs while GCAC will qualify trial candidates and analyze the resulting data using a variety of clinical research tools, including artificial intelligence and blockchain.
Last month, IBM proposed using blockchain cryptocurrency to track cannabis sales, which today are conducted nearly entirely in cash because most medical cannabis dispensaries in the United States and Europe cannot secure bank accounts or accept credit cards.
SciCann develops cannabis-based therapeutic products for oncology, pain management, neurogenerative diseases and inflammatory disorders. The company is headed by Zohar Koren, who cofounded a previous medical cannabis company, Cannabics Pharmaceuticals, in 2012.
“By combining our scientific research and clinical data with GCAC technologies, we can deliver superior data outputs that can be used to provide better medical cannabis products for patients around the world,” Koren said. “The synergistic value and impact of combining our data and clinical research tools together with GCAC’s artificial intelligence and blockchain environment is enormous.”
Original article: https://www.israel21c.org/medical-cannabis-meets-insomnia-and-cryptocurrency/
At least you guys are not in a class action suit against Donald Trump like I was in which even if you win you still do not recover any money. Even though I no longer hold shares in FNDM I do wish you all the best and hope you get a fair settlement unlike us regarding DT who ended up with nothing.
That is a good point you made. Especially when they see the site does not have a monitor.
Before I removed myself as monitor of FNREF I tried to remove all references to KUSHTOWN on the DISPLAY BOARD but after several attempts I was unable to do so.
Kushtown/Finore Mining (FIN.C) deal falls apart in due diligence
Chris Parry March 14, 2017
This one is going to sting a bunch of folks, myself included.
Finore Mining (FIN.C), which was long halted as the team went through due diligence on their big Kushtown USA deal, and a change of business process at the same time, has finally pulled the plug on said deal.
The Transaction was announced in the Company’s news release dated January 26, 2017. The Company and Kushtown members have mutually agreed to terminate the SEA due to irreconcilable differences on operating the business on a going forward basis.
The Company currently has approximately $3,000,000 in cash and management intends to immediately begin assessing other opportunities to increase shareholder value.
Insiders are contractually prevented from discussing specifics, but I’ve managed to get some insight into the situation, and it comes down to not being able to comfortably move forward with the Kushtown team.
Finore had brought in an executive from British American Tobacco to run the rule over the outfit, streamline operations, and conclude the deal, but I understand it there were a long line of problems encountered in getting the company to a place where Finore felt comfortable allocating shareholder funds to the process.
In case you’re wondering, the stock will resume trading tomorrow. The company asked the exchange for a continued halt while it rejigged to another weed deal, as I understand it, but as they’re still technically a mining company, that request was denied.
I’m told we can almost definitely expect another deal to be announced in good time, and in the same sector (and likely in marijuana services or products, as that’s what investors financed), but not before the resumption.
To be sure, FIN stock will drop when trading resumes, and likely hard. The company is an Equity.Guru client, so we’d love that not to be the case, but it’s not my job to sugar coat reality or tell you that you should hold a stock destined for a lower price in the short term.
The question will be whether it drops hard enough to become, at the end of the day, a value buy, and whether that $3m in cash can get them a better deal in good time.
Finore did recently sell a copper mining property for 5m shares in Nickel One (NNN.V), and the money spent getting into the Kushtown deal has been negligible to this point.
One thing to consider is, through the extended trading halt, the company has managed to avoid a certain amount of stock deflation that has sapped some in the space over the last month. When it does settle, astute observers will want to assess whether any loss is worse or similar (or less) then the company might have suffered if it had just been doing regular business through that time.
Also worth remembering, FIN went through a financing that is on a four month hold until mid-April or so, which means a lot of stock that might have rolled down otherwise will instead be held for a period long enough for FIN to recalibrate.
Lastly, respect to the Finore team for doing the right thing (long term) and killing a bad deal, even if it hurts them (short term).
We’re going to keep watching and I’ll have more information as it drops, but I already know a few folks with weed companies who’ll be calling Finore tomorrow.
— Chris Parry
They have all been in other things other than mining. Try looking at it from the bright side. We have no choice.
This is the current officers and directors of Finore all of them have a reputation to uphold none of them would be involved in a scam.
Name Description
Ravinder Mlait
Mr. Ravinder S. Mlait has been appointed as President, Chief Executive Officer, Director of the Company., effective Oct. 13, 2016. Mr. Mlait has extensive experience in managing and raising capital for public and private companies. Mr. Mlait holds an MBA from Royal Roads University in British Columbia with a specialization in Executive Management and his BA (Economics) from Simon Fraser University and has worked with public companies listed on the TSX and TSX Venture exchange and CSE. Mr. Mlait served as President and CEO of Rockland Minerals Corp from 2008 to 2016. He was Vice President of Corporate Development with TSX Venture listed, Pacific Bay Minerals Ltd., exploring in Argentina, Quebec and British Columbia. Mr. Mlait has worked with TSX listed junior gold producer, Cusac Gold Mines Ltd., knowledge-management and CRM software developer, Knexa Solutions Ltd., and financial portal, Stockhouse Media Corporation.
Michael Sadhra
Mr. Michael S. M. Sadhra has been re-appointed as Chief Financial Officer, Director of the Company. He serves as the Chief Financial Officer of Breathtec Biomedical Inc. Mr. Sadhra has been Tax Partner, Sadhra & Chow LLP since May 2009. Mr. Sadhra served as the Chief Financial Officer of several public companies including Cairo Resources Inc. Reservoir Capital Corp., Lara Exploration Ltd. He is a self-employed Tax Consultant since January 2007. he was employed at KPMG LLP Chartered Accountants From September 1999 and served as Senior Tax Manager from October 2003 to December 2006 specializing in Canadian and international taxation for mining companies. Mr. Sadhra holds a Bachelor of Commerce from the University of British Columbia in 1991 and Chartered Accountant from the Institute of Chartered Accountants of British Columbia in 2001.
Gerhard Merkel
Mr. Gerhard Merkel has been appointed as Director of Finore Mining Inc., with effect from 19 March 2015. Mr. Merkel, who was recommended to the board by one of the company's important European shareholders, will serve as Finore's European representative to liaise with European shareholders and potential investors. Mr. Merkel has extensive contacts in European financial sectors and the company anticipates that he will greatly help in expanding Finore's shareholder base in Europe, especially since Finore's principal project is the Lantinen Koillismaa (LK) palladium, platinum, gold, copper and nickel project located in Finland. Mr. Merkel served as a chief executive officer and chief financial officer of Metex (Germany) Trading Co. from 1994 to 2005 and from 2005 to present he has been chief financial officer and chief operating officer of CGM Import-Export Ltd. (Portugal). CGM is involved in the wholesale, retail and rental of catering equipment, andin the production of catering accessories. Mr. Merkel was recently appointed a director of Explor Resources Inc., a junior exploration company, listed on the TSX Venture Exchange.
Mohan Vulimiri
Mr. Mohan R. Vulimiri, MSc, PGeo, is Director of Finore Mining Inc. He has many years of public company experience, having been involved in the management of numerous junior and established companies. A graduate of the prestigious Indian Institute of Technology (IIT Kharagpur, India) with a Bachelor of Science (Honours) in Applied Geology and a Master of Science degree in Economic Geology from University of Washington, USA, he has over 30 years' experience in the exploration and delineation of ore deposits with emphasis on structural controls and modes of occurrence of mineral zones. Mr. Vulimiri is currently the CEO and Director of Nortec Minerals Corp.
Could that mean "Kushtown holds trademark rights to the Kushtown line of products" in California?? I found several articles stating their products are trademarked.
Kushtown USA Products on Display
https://www.instagram.com/kushtownsodas2.0/
It has been just over a month since the shares have been halted. Some companies in the past have halted their shares for as long as 4 months. I have no idea how much longer Finore will be halted and anyone who I know that has spoken to IR recently has not been given any information as to when that will be.
You can be sure during the time the shares have been halted the company hasn't been setting on their hands while the lawyers and accountants do their things. I expect to read some exciting press releases from Kushtown, once the halt is lifted.
They have very ambitious growth plans and the money to carry them out, to make it a stellar growth company.
http://kushtown.info/
Web Site is back up.
http://kushtownusa.com/
http://kushtown.info/
The Challenges in Launching a Marijuana Brand
There are numerous challenges in establishing a national marijuana brand. Products need to be produced and sold in a state in compliance with each state's marijuana licensing requirements and regulations. Since marijuana is illegal federally this eliminates producing a product in Colorado and shipping it to Oregon, Washington or anywhere else.
Entrepreneurs interested in Launching a national brand have two choices. They may be able to obtain a production license in an individual state, or, they can seek to license their brand and products to licensed growers or processors on a state-by-state basis.
Licensing a brand to a grower or processor creates its own set of challenges. Key for the brand owner is to have influence and control over the manufacturing process to ensure quality control and consistency of the final product.
A brand with a good formulation, excellent quality control, and consisting of one or more popular products can be destroyed by a licensee in a state who produces and sells substandard products. With the popularity of social media, poor quality products in the marketplace in one state can destroy an entire national brand.
The Difficulty in Obtaining Shelf Space
In many states, obtaining shelf space in a dispensary or retail store is a challenge. In states that allow integrated ownership of grow facilities, processors and retailers or dispensaries under common ownership, a new brand may find itself competing for shelf space with the store's proprietary product line.
Frequently, the budtender is encouraged by the store's management to sell its
brand, as it likely provides a higher profit margin. This may create a barrier to entry for new brands, somewhat similar to trying to convince Walmart to carry a new line of cola when they already sell Coca-Cola and Pepsi products as well as their own private-label cola brand.
Celebrity Brands
Celebrities including sports figures, movie stars and musicians have been used to sell products for decades. Marijuana is the latest "hot" item for celebrities to market.
Sale of FIN mining property to NNN
The value of the NNN shares FIN are receiving for their mining property are keeping on appreciating on heavy volume. A win, win for both companies. This will really help Kushtown in it's expansion plans.
Where the Big Money will be in the Marijuana Industry
Way back in 2014, when a shift in Canadian laws made marijuana companies a thing you could invest in, It was pointed out to anyone who'd listen that, sure, growing will be fun and all, but it won't be where the crazy money is made. It will turn out to be the add on industry especially the marijuana recreational products.
Sure, the licensed producers are now worth hundreds of millions of dollars, but a look at their balance sheets shows those valuations are almost entirely built on promise, not revenue.
Aurora (ACB.V) has done a great job bringing in new patients, but they've still only got 12,000 of them. To put that into contrast, an average suburban McDonalds restaurant serves the same number of people in six days as Aurora served all last year.
The average cost to build a McDonalds restaurant is $1.5 million. Aurora is worth $627 million, on sales of $3 million in Q3, with a $6 million net loss.
That's not to knock Aurora, who have done a good job emerging from shaky beginnings, but it is to point out that the majority of buying in marijuana stocks right now comes down to gamblers chasing the market more than they chase fundamentals.
The reason this is important is because fundamentals are going to continue to be a tough business in weed growing for some time. Right now there's a shortage of product almost across the board, with many large companies relying on others to supply them, while their competitors, deprived of a sales license by Health Canada, are entirely reliant on wholesale deals to stay alive. Supreme Pharmaceuticals (SL.C), as an example, has a big grow facility pumping out product, but it doesn't yet have a license to sell to consumers and, frankly, doesn't appear too worried about that as there's a big demand for their product through competitor patient bases.
That inventory shortage explains why there's not much panic in the boardrooms of Canadian LPs to grow patient bases beyond what can be served. But that won't always be the case. There will come a time where supply passes demand, which will mean that supply will become hard to make money on.
We've seen this already in Washington State, where some growers have taken to selling garbage bags of their product at government auctions and at low prices, because the regulators gave out a lot of licenses with precious few of Canada's high buy-in standards, and a local retail industry that is yet to fully develop.
The mantra has been, since 2014, that growers will eventually become bog standard agricultural operations with low margin, and that it will be the value-adders that rise to dominate.
This is starting to happen, but a few things need to emerge before it really takes off. First, you need to see more American states (and the Canadian feds) moving toward broader legalization, which will keep happening as it has the last few years. The second thing that's needed for value-adds to become the really big deal of the cannabis industry is the first big acquisition of a brand proper.
CanniMed (formerly Prairie Plant Systems, the one-time government supplier of weed), went public two days before the end of the year, on the big board with a large investment by Telus and AltaCorp (that has already doubled in worth), showing that new money was entering the fray, and from the sort of institutional areas that haven't been touching weed previously.
Good News for Kushtown as a user of MJ in it's edibles
The price of weed is going down, which is good news for regular marijuana users.
According to Bloomberg, the average marijuana users in states where it’s legal is only spending just over $50 a month on weed. That’s just short of $650 per year. Those numbers were put together by a firm that analyzes cannabis trends called Headset Inc.
Headset looked at 40,000 legal marijuana purchases in Washington State, between 2014 and 2016, and found the average user is a 37-year-old man who makes 19.5 purchases per year. The majority of cannabis users were millennials, between the ages of 21 and 34, and they made up over 50 percent of the group. Elderly people weren’t purchasing a lot of weed, as those over 60 only accounted for just short of 10 percent of the purchases.
The analysis found younger people tended to make more frequent, smaller purchases, while older people tended to make less frequent, larger purchases. People in their twenties tend to go to a marijuana store every 16 days or so, while someone in their forties might go every 20 days.
“As you’re older, you might have more money to go and make bigger purchases,” Headset co-founder Cy Scott told Bloomberg. “The millennials might be out and about more; they can drop into [marijuana dispensaries] more often. Older people might just plan more.”
There is a lot of evidence that weed prices are falling in states that have legalized. The price of weed peaked at $25 per gram for high quality bud after the state legalized marijuana, and it is now at around $10 per gram. In my own state of California, we’re paying as high as $20 per gram in dispensaries.
The price per gram at a retail store in Colorado is just over $5 per gram, and it was $3 more than that just a couple years ago. Prices are falling, and marijuana enthusiasts are reaping the benefits.
One group of people who’s had issues with the falling price of weed is the stores that are selling it. Retailers in Washington have seen prices drop quickly without necessarily seeing their customer bases grow at the same rate. Shops are having to make efforts to expand their customer cases so they can sell more of the lower priced product.
One benefit to prices falling is that it helps eliminate the black market for marijuana that can cause problems for states and those advocating for marijuana. When it’s just as cheap to get something in a real store, there’s little reason to go looking for it on the streets. The owner of your local dispensary also doesn’t chill on your couch and ask for a slice of pizza.
Kushtown USA Has Some Very Cool Edibles
Kushtown USA
My passion with the mmj industry motivates me to promote and market edible products that truly work. KUSHTOWN is up on the charts. What’s the first thing that happens when you smoke, vape or dab? Duh kottonmouth! Grab an ice cold Jack Herer Lemonade to quench your thirst. My mouth waters just thinking of the flavors that Kushtown offers. How does cold medicated water sound on a hot day? Imagine medicated wings, ribs, root beer floats, coffee and other creations.
Overview: Hydrate and Medicate Responsibly
The world's number one liquid edible company is KUSHTOWN sodas specializing in medicated water, soda, hot sauce and barbecue sauce. Peter Moret created Kushtown soda and edibles after researching alternative methods to help his mother fight breast cancer. After researching mmj treatments Peter created an mmj tincture called Kushtown tincture. He administered a single dose to her in tea form and within an hour she instantly felt relief from the effects of cancer. The tincture greatly contributed to her victory battling cancer by increasing her appetite and activity. After Peter was amazed with the benefits of the product he decided to manufacture and distribute Kushtown sodas. Since 2000 Kushtown has been one of the leaders in mmj drinks and edible products.
Kushtown Hot Sauce- This sauce packs a punch with heat similar to a Franks wing sauce mixed with Tabasco and of course mmj infused. Very bomb and packed with flavor and heat. Best with nachos, burritos, pizza, eggs, soups and hot wings. Medium to hot heat. Be careful when you pour the bottle has an open spout. About 1-2 teaspoons equals one dose.
Kushtown BBQ sauce-Imagine a Smokey bbq sauce with mild heat and infused mmj. I ordered a western bacon cheese burger and poured the sauce all over it. One of my best experiences with this bbq sauce. It works with almost anything bbq sauces are made for and it’s highly addictive. Best with burgers, ribs, chicken, steak, pizza and wings. About 1 tablespoon equals a dose. Medicated ribs are amazing. The sauce has a slight heat that brought out the thc thru sweat in the pores on my face.
Kushtown Water- Everyone needs to hydrate after a long day of medicating. Enter Kushtown h2o to solve your problems. This Kush water is a healthy choice for a liquid edible if you can’t have sugary or carbonated drinks. Medicated water can be substituted for use of coffee, lemonade, tea, juice and soups. They tested at 130mg per bottle and I’ve seen patients get medicated after just taking one shot of this. It’s very strong indica effect on the body is due to the Kush tincture that is used in the water. I drank half the bottle and instantly felt the effects so I put the rest back in the fridge for later.
Kushtown Sodas-Offer 20 different varieties of medicated sodas on our website. Sodas/drinks come in varieties of carbonated and non carbonated beverages. Flavors like Cherry Cola, lemonade, fruit punch, and lemon lime are infused with an mmj thc tincture. They are packed with flavor but high sugar content up to 24grams in each bottle. I've tried most of the drinks listed on the website and my favorites are pineapple express, GDP, strawberry wedding cake, root beer, presidential og and jack herer lemonade. Each soda offers a different bodily feeling depending on the strain. For instance the pineapple express was great for a sativa effect and great for shows, events or anything social. Compared to the GDP which has more of a relaxing effect on the mind and body. Great for any occasion.
Kushtown Clothing- You can find everything from head to toe literally. Rock a Kushtown snapback hat or beanie with a matching shirt, sweatpants and socks. More details to be released about clothing availability. I usually carry a few items with me for $25 donation each.
Price- Based on collective pricing
Soda- $10-$12 each
Water- $7-$12 each
Sauces- $15-$20 each
They are getting pretty excited about the prospects of the company on Stockhouse in Canada.
http://www.stockhouse.com/companies/bullboard/c.fin/finore-mining-inc
WOW!! Up 21.85% today very good start to the New Year.
Kushtown USA
Up to now some of the growers and their shareholders are enjoying been in the lime light having achieved spectacular capital gains. Recently V.ICC a new CSE listing announced it is building a grow operation in Uruguay. This is on top of the more then 350 MJ operations.
The announced growth in production plans by growers is going to continue to lower the price of marijuana. As prices fall, the usual response is to increase production to make up for the reduction in revenue which happens in other commodities, like pork and most recently oil. Further lowering the price of the commodity.
In the case of oil it is the refiners and consumers who reap the benifit of the lower commodity price. I look upon Kushtown USA as a refiner turning marijuana into various products selling them to consumers, both benifiting from lower raw material costs, the company from increasing profits and the consumer from more affordable prices. Which would create higher sales.
This is why I am such a firm believer in the ultimate success of Kushtown USA and back it up with a 6 figure investment in the company.