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Any MJBizCon Visitor here? @Stock dude 1: Have you been at the show?
Looking for direct impressions about $CANN - they're very quiet in the media atm..
see CANN-Booth at the MJBizCon
https://www.periscope.tv/MJBizDaily/1OdKrlroRYeJX (minute 3:45, only short, but very crowded).
see CANN-Booth at the MJBizCon
https://www.periscope.tv/MJBizDaily/1OdKrlroRYeJX (minute 3:40, only short, but very crowded).
Probably only a lack of trust..
Didn't you follow the history of CANN? How Frichtel fought the last year to get CANN back into public trading?
Did you see that Boockvar and all other guys/ventures entered the company only by getting shares at prices between 1-5 USD.
Frichtel would scam all his closest fellows.. and at least himself if he dumps this company..
My thoughts.
https://mjbizdaily.com/publicly-traded-cannabis-firms-encountering-unexpected-potholes-pitfalls/
Actual explanation/information from Robert Frichtel (CANN CEO) about delisiting/suspension last year.
Going Public Comes With Unexpected Potholes, Pitfalls for Cannabis Entrepreneurs
https://mjbizdaily.com/publicly-traded-cannabis-firms-encountering-unexpected-potholes-pitfalls/
actual intersting and public statement from Robert Frichtel regarding happenings (pump and dump, scams) last year--
"Creative off-the-wall thinking is one of the many sensations one experiences when using cannabis. That could also be a good strategy for investing in this sector as well. The picks and shovels may have made a few rich during the gold rush, but they could make many more rich in the green rush."
http://www.mjinews.com/gold-plated-picks-shovels-cannabis/
CANN prepares new lineup for large tradeshow
opening in Las Vegas in two weeks (https://mjbizconference.com/):
Come see us @MJBizDaily expo (best of the year) in Las Vegas Nov 11-13 Booth #600. #marijuana $CANN #chiefton pic.twitter.com/1tXg3pCJ0f
— You can't fix stupid. (@medmarijuanabiz) October 28, 2015
Please Update Company Infos
so many relevant things changed at the cpompany the last month, especially the management: http://www.generalcann.com/boardofdirectors.php
This site here urgently needs an update!
Thanks in advance.
has anybody the permission to update the info about CANN above? It urgently needs some..
strong volume today..
New CANN-Venture Chiefton Supply committed to CANN in their community:
http://www.chieftonsupply.com/blogs/news/47000065-into-the-greenhouse
.. the CANN Greenhouse shows huge impact (all CANN subsidiaries under one roof!)
And CANN gives outlook to actual market positioning on handout for next expo - convincingly powerful:
https://pbs.twimg.com/media/CQu90FTUYAA4dzi.jpg:large
Brilliant storyline.. don't miss the chance to become a part of it (at low price)!
Go CANN!
growtime.. pick up as much as you can
I can't give a very specific answer but I can see that alone from Germany yesterday more than 7000 CANN stocks have been traded.
I don't know if it helps you..
Officially: Mr.Boockvar joins the board..
with trust in sustainable growth he takes..
"options to purchase 50,000 Shares vested on July 14, 2015, options to purchase 50,000 Shares shall vest on July 14, 2016 and options to purchase 50,000 Shares shall vest on July 14, 2017..
(overall) 150,000 shares of the Company's common stock (the "Shares") with an exercise price of $2.15.. "
http://biz.yahoo.com/e/150716/cann8-k.html
In my eyes it looks like a long lasting commitment to CANNs growth by an outstanding personality.
it fell to ~ 1 USD today
Best time to pick up..
I got some stocks in it for long.
I see a company headed by professionals with a history in the field of cannabis buisness operations for more than 4 years.
Investing in CANN means also investing in the subsidiaries like Next Big Crop (building large scale grow sites/greenhouses) - even this company looks great for me: amazing trackrecords, smart guys, prosperous perspective..
The Line-Up of services looks perfect for developing business (see website):
Leasing growing space
Investor Relations
Capital Solutions
Consulting
The Greenhouse (Office Space for Start-Ups)
Protection
These topics face every hemp farmer. And all oppertunities and the knowledge are already rooted in the management team. At least the news of the last days "Peter Boockvar Appointed to General Cannabis Corp Board of Directors" is great.
A "oldschool" business man entering hemp industries..
In my opinion the perfect hemp business company builder.
Pathbreaking. Take the chance to join that perspective!
for me it looks overregulated after the re-listing and re-naming..?! No idea
waiting on what?
Big story, but low volume last days. Still on the brakes due to renaming/relisting? Looking forward to some answers..
Big honor to CANN: Peter Boockvar appointed as director
Peter Boockvar Appointed to General Cannabis Corp Board of Directors
http://www.stockhouse.com/news/press-releases/2015/06/26/peter-boockvar-appointed-to-general-cannabis-corp-board-of-directors
General Cannabis Announces Shareholder and FINRA Approval of Name Change
http://www.stockhouse.com/news/press-releases/2015/06/24/general-cannabis-announces-shareholder-and-finra-approval-of-name-change
any solid results? Did they agree on the new Name: General Cannabis Corporation"?
Btw: Does anybody now about the relations to the "old" General Cannabis: http://www.theweedblog.com/what-is-general-cannabis-inc/
Are weedmaps etc an asset from the todays "General Cannbis"?
Thanks for this insight..
What do yout think, is that the turning point?
I feel that the numbers of shares sold are limited atm to avoid a chart explosion - could that be?!
CAN(N) everbody of you buy unlimited shares again?
now!
GrowLife Shareholder Settlement Offers Reforms, Little Cash
By Ben Conarck
Law360, New York (April 22, 2015, 5:09 PM ET) -- Corporate governance reforms ranging from term limits to annual compliance training, but little in promised cash, are among the terms in a proposed settlement filed Tuesday in California federal court to soothe claims over an alleged stock manipulation scheme run by executives of medical marijuana equipment supplier GrowLife Inc.
The agreement would institute a number of governance reforms for at least five years but only allows for monetary compensation of up to $150,000 in legal fees, from which a $1,000 incentive might be drawn, according to the plaintiff's memo in support of a motion for preliminary approval.
It settles a shareholder derivative action accusing GrowLife CEO Sterling Scott, President Marco Hegyi and three board members of running a self-dealing scheme that spurred the U.S. Securities and Trade Commission in May to warn investors of a spike of complaints around marijuana investments and potentially illegal trading activities amid a trading halt of five pot-linked companies over two months.
Plaintiff Steve Roof, in his memo in support of the proposal, cited the benefit to the company achieved by reducing the risk and expense of further litigation.
“In addition to ensuring that the wrongdoing alleged will not occur again, the reforms in the settlement will significantly enhance shareholder value by improving GrowLife’s corporate governance and internal controls,” the memo said. “This will help to restore GrowLife’s credibility in capital markets, and to capture the premium investors pay for strong corporate governance.”
Roof accused GrowLife officials of quietly selling themselves hundreds of thousands of shares in the company, then dumping some in a flurry of sales, spurring the SEC trading halt.
After the halt, GrowLife’s business partners severed ties with the company. The events “slashed the value of its stock” once trading resumed and put into question the “long term viability of the company,” the complaint said.
The corporate governance measures include steps to strengthen board independence through new guidelines, employment restrictions, term limits and the addition of an independent director. The settlement also calls for improving board competence through training exercises, bonus and profit forfeitures following financial restatements, and other considerations.
Roof said in the memo the settlement will “provide value to GrowLife for years to come.”
“For example, a number of the corporate governance reforms directly address GrowLife’s oversight of its revenue recognition and financial risks and are designed to bring formality, accountability and legal oversight to the process and thus avoid a recurrence of the alleged misconduct,” the memo said.
Negotiations first sprang to life in October 2014 and soon proceeded to mediation, according to the memo. A memorandum of understanding to settle the action was signed in December 2014, it said.
Counsel for the parties did not immediately respond to requests for comment Wednesday.
Steve Roof is represented by Edward W. Miller of Lifshitz & Miller and Marc G. Reich and Adam T. Hoover of Reich Radcliffe & Hoover LLP.
Individual GrowLife defendants are represented by John R. Armstrong II of Horwitz & Armstrong LLP.
The case is Roof vs. Scott, et al. case number 2:14-cv-03777, in U.S. District Court for the Central District of California, Western Division.