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.
Over 1000 companies have applied for a MMPR license. Only 23 or so have reached the inspection stage. Thats 2.3% of applicants that have reached the inspection stage and FITX is one of them. I'd say that's pretty positive.
Lmao now it's about bright lights huh??? Lol
If you haven't gotten in on FITX stock now is the time to do so. Ignore the fluff. This business plan is about to come together in a big way...
Lol yeah right
I really have to give a lot of credit to FITX. Over 1000 companies tried to get a license for MMPR and FITX is one of what, 23 or so companies to reach the inspection stage. That's impressive. And look how fast they did it. Their license request was never rejected, their application was never returned. Following their inspection they were asked by HC to make a couple changes before being granted licensure and they have. License is imminent! Once FITX is licensed plans for a merger will come to fruition. This company is poetry in motion. And don't have any concerns about the negative B.S. People are spewing about Lakeshore or zoning. Those people spewing all the negative comments live in Fantasyland. I have been to Lakeshore. I have friends in Lakeshore. The community as a whole is extremely excited to see Cen Biotech in their region. Yes a few neighbors ( about 8 to be exact) are upset but their concerns (smell, criminals shooting guns, traffic, noise) are non issues that will be dispelled at the upcoming open houses. Cen Biotech is here to stay whether you like it or not. Cen Biotech also has strong ties to Michigan and people in power there. Once marijuana is legalized in Michigan (and it will be legalized in Michigan) guess who will be open for business there. Cen Biotech. This company has all the right pieces in all the right places.
They didn't "fail" the inspection. Their application has NOT been denied. They were asked to make some changes in order to be approved and licensed. In essence, Health Canada looked everything over and said, "make these modifications and you're good to go." License is imminent! Great things are on the horizon for FITX!!! Soon to be one of just a few LP's....
I wouldn't buy .05% of what the author says considering who it is.
Well, bye!
Those disgruntled neighbors should put their entire life savings into FITX stock. Then, send their attorney to the town meeting on November 4th to withdraw any and all conplaints and have him tell the town board members that they want, no, demand, that the facility be allowed to proceed in their neighborhood and that they love the progressive movement in their area. Who knows, maybe thats what theiy're doing. They are smarter than anyone thinks...
This is by far the best buying opportunity of any company out there on any exchange out there. Buy as much as you possibly can. FITX stock is soon to be a 10 bagger...
Just issue the license already...
Big jump up coming today....
If there was such an overwhelming response to the Q&A and room is going to be limited why did they cancel it. Wouldn't it make more sense to keep the date and schedule a second Q&A in October so everyone can be accomodated. 2 Q&A meetings would make more sense instead of postponing it. Very frustrating.
Hopefully this will settle everyone's concerns over any zoning issues. Legally speaking, the growing and processing of marijuana in Canada is legally recognized as an agricultural and horticultural act for "land use" purposes. To that end, in 2013 the Agricultural Land Commission of Canada declared to all local governments that the lawfully sanctioned production of marijuana for medical purposes is considered a "farm use" under the Agricultural Land Commission Act. (google it if you have to). Under the Act, "farm use" cannot be prohibited by ANY LOCAL GOVERNMENT BY LAW. It can only be regulated.
The MMPR regulation only requires that an applicant, when submitting a license application, notify local government of the MMPR application. The legislation does NOT require Health Canada to confirm compliance with local government regulations prior to issuing a license. This means that Health Canada can issue Cen Biotechs license when they are ready and the local government has nothing more to do with it whatsoever.
Bill C. has stated that zoning has never been an issue. It hasn't. Lakeshore currently has no specific bylaws intending to regulate the growing and/or processing of marijuana. Regarding relevance to CEN Biotech, Lakeshore only has by-laws designating certain areas of land as residential, agricultural and industrial. We are in an agricultural designation. We will be performing what the Agricultural Land Commission of Canada has said is an agricultural act. As stated above, the local government cannot prohibit the growing and processing of marijuana as that act is protected under the Agricultural Land Commission Act. Zoning has never been an issue.
Now, as many of us know and as many of us have seen, the Town of Lakeshore has recently drafted a proposed by-law which is intended to regulate the growing and processing of marijuana. This is a moot point for two reasons. First, and this one is speculative, if Cen Biotech is issued a federal license BEFORE the by-law is adopted, the by-law will have no controlling effect on Cen Biotech because Cen Biotech will be "grandfathered" in. Yes that's right, "grandfathered" in. (I believe Bill C. said this) The proposed by-law is not retroactive and legally would have no controlling effect on Cen Biotech. It would only affect those companies that receive federal licenses AFTER its adoption. Now, the reason this is speculative, is because IF the by-law is adopted BEFORE Cen Biotech is federally licensed, then in that instance the by-law would be controlling on Cen Biotech. But, the reason this is all a moot point, is because the by-law, as it is currently written, has no effect on Cen Biotechs intended land use purposes. So regardless of whether the by-law is or is not passed before we are federally licensed makes no difference.
So what does all this mean? It means we are waiting for Health Canada to issue us a license to grow and that issuance of that license is in no way, shape or form dependent upon anything that has to do with the Town of Lakeshore. It also means that once that license is issued we will be capable of performing an act that is protected under the Agricultural and Horticultural Act for Land Use Purposes, that being, growing and processing marijuana. If we are licensed before Lakeshore passes a new by-law it has no effect upon us. If we are licensed after Lakeshore passes a new by-law we must comply with it. We are in full compliance with it as it is currently written. Either way, no difference.
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is more than15 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = more than $13,000 at a $1.07 PPS.
- $10,000 investment today = more than $130,000 at $1.07 PPS.
- $100,000 investment today = more than $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity!
No it won't. You have nothing to worry about with FITX as an investment. A lot of people have been trying to hold the company back by spreading false information, taking facts out of context and basically bashing the company. It's only a matter of time before FITX becomes a major leader in the marijuana industry. Invest all you can in this company and hold that investment for at least three years. You can't go wrong here. To answer your question this company will be nothing like IGRW. This company has made all the right moves and many great announcements are imminent. You can feel free to do your own due diligence here but it will all confirm for you that FITX is about to revolutionize the marijuana industry.
Here's a taste of what's coming. Nobody can discredit these numbers. The numbers don't lie. And every one of these numbers are CONSERVATIVE...
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is more than15 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = more than $13,000 at a $1.07 PPS.
- $10,000 investment today = more than $130,000 at $1.07 PPS.
- $100,000 investment today = more than $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity!
When i dictate a letter my secretary types it up, puts my signature stamp on it, and sends it out. I rarely review any of the letters. Am i to blame for the typo? No. Did Germinario type the letter? Did he review it? Do you know? If so, how do you know? You guys pointing out typos are really grasping for straws...
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is more than 13 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = more than $13,000 at a $1.07 PPS.
- $10,000 investment today = more than $130,000 at $1.07 PPS.
- $100,000 investment today = more than $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity!
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is more than 13 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = $13,000 at a $1.07 PPS.
- $10,000 investment today = $130,000 at $1.07 PPS.
- $100,000 investment today = $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity!
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is more than 13 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = $13,000 at a $1.07 PPS.
- $10,000 investment today = $130,000 at $1.07 PPS.
- $100,000 investment today = $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity!
FITX update on the stock price valuation model:
FITX is building an infrastructure that will support in the short term up to 1.3 million pounds of MJ. That would be a multi-billion dollar revenue business with over 60% profit margins.
Forget 1.3 million pounds of MJ for a minute. If FITX produces just 100,000 pounds of MJ in it's first full year ... less than 1/10 (one tenth) of the 1.3 million pounds ... at a sales price of just $2,500 per pound ... the total revenue will be $250,000,000 (two hundred and fifty million dollars) ... at a 60% profit margin, that will be a profit of $150,000,000 (one hundred and fifty million dollars).
Original model: FITX total authorized share count of 3,500,000,000 ... the earnings ($150,000,000 divided by 3,500,000,000) per share would be $0.043 (four point three cents) per share. Then, with a modest P/E (price / earnings) ratio of 25 ... the calculated/justified stock price would be $1.07 (25 P/E times $0.043 earnings per share).
Yes, please re-read this again ... at less than 1/10 (one tenth) of the potential annual growing/distribution volume, the FITX Stock price value would be $1.07 at a modest 25 P/E.
UPDATED MODEL: To further crush the shorts, sellers, and bashers ... reduce the first full year output/sales to 5% of total capacity ... or 50,000 pounds of MJ ... @ $2,500 per pound = $125,000,000. With 3,500,000,000 shares that is $0.021 (two point one cents per share) ... @ the 25 P/E driving a $0.536 (fifty three point 6 cents) per share stock price.
Imagine the stock price as MJ output/distribution increases ... globally to include US entry points of Michigan and Las Vegas markets.
Now, we know why the caliber of executives joining the Board of Directors is so strong.
It's unreal that the stock is trading at seven cents (08/26/2015) and there is a very reasonable pathway to $1.00+ in the very near term ... the bottom being a 1,200% potential increase.
My analysis and opinion is that the Shorts and Sellers have run out of gas and shares ... investors for the longer term now control the stock and are just waiting on the next confirmation of license ... further build out ... and, growing start.
Then, as triple digit growing, distribution, sales, revenue, and profit growth occurs week after week, month after month, and quarter after quarter ... the stock price should continually and consistently rise in this new growing multi-billion dollar growing industry.
See stock price valuation model posted ... indicating a minimum $1.07 stock price at less than 1/10 (one tenth) the projected capacity of the facility. The $1.07 is 13 times higher than today's stock price ... what does that mean? Look below:
- $1,000 investment today = $13,000 at a $1.07 PPS.
- $10,000 investment today = $130,000 at $1.07 PPS.
- $100,000 investment today = $1,300,000 at $1.07 PPS, and, that would be at 1/10 (one tenth) of the facility's capacity.
Dave, trust me when i say this is not a stock you want to sell/flip. There is a 900 pound Gorilla in the room and his name is FITX. Just the thought that a license to produce is imminent has sent this company up +20%. This is the first in a string of events that are going to allow this company to dominate the medical marijuana industry for years to come. Once the license is issued and revenues start flowing and once Germinario settles the share structure issues, FITX will take you straight to retirement. HOLD this baby for just three years. BOOM BABY!!!
Haha lol. Is that your final answer?
To say he's done nothing but blow hot air is a bit of a stretch isn't it? I mean even you have to admit he's done a little something more. Submitting an application to Health Canada is something isn't it. I actually hear it's a pretty grueling process. Many companies seeking licensure can't even get through the damn process. And not only submitting an application but submitting an application that meets Health Canadas pre-requisites to issue a "ready to build" letter. Thats doing something isn't it? And constructing a grow facility, barn or whatever other name you want to give it is doing something isn't it? Putting a team in place of the best, worst or average (call them what you will) members of their respective industries/vocations is doing something isn't it? To say he's done nothing but blow hot air seems shortsighted which gets back to my original post. Can't we be objective an un-biased in our comments?
And i get that to some extent. But there is a flip side to that coin. I started a business 15 years ago. Poured my heart and soul into it and made peanuts for years. A lot of people bashed me in the same fashion you rip Bill and his company. I pressed on. Garnered some social acceptance and generated some excitement to the point of obtaining some real outside investment funds. From that point on i held a large stake in the company and paid myself recognizing something from the hard work i had put in to date. People questioned my selling much like you question Bills. But i had reached the point where i wanted, and frankly needed, to recognize some payoff. And i, and the business, continued to thrive and grow. I still had plenty invested in the company to the extent that i was still "taking a risk" along with my investors. God forbid i sold some equity and shares and made some money along the way. I'd like to think i was entitled to. And Bill continues to hold plenty of shares to the extent that he continues to take that risk too. So the guys selling shares and making money. He's entitled to that. I would love to see him sell nothing and recognize no profit but that's a little unrealistic in todays world. Especially if you want to have any quality of life. Fact remains Newmedman, the future is unknown...