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accumulation has been strong in the high 0.02s but float is so low, MMs are bringing it down with 10 000 share sells. a couple good hits and the ask will be cleared out to +0.04 . don't worry, many positive catalysts on the immediate horizon.
the great thing about $CGRA is that it has the most potential for success, is already ready for any changes in MJ environment (coming next week) is very close to a lot of the states that are going 420 friendly, and is the cheapest PPS as well. An undiscovered diamond in the ruff here.
also forget canadian lps for a second, just in $CGRAs immediate vicinity is more population to serve than canada. if you treat $CGRA like its meant to be treated as a potential MJ producing company, you realize it is already worth half a billion market cap, considering all factors.
this could be a dime after quarterly, and legalization votes are factored in.
after this MJ vote next week they will probably have to reschedule MJ and take steps toward descheduling it.
I personally think they want a well up and running before the end of the year. Wells in the region pump out 500 bopd avg...X 40 per barrel you are looking at ~$20 000 per day, I think once they are done pumping out all ~$250 000 000 dollars worth of proven reserves, they will buy WFCC and move into the MJ game. I think they are getting ready for a move into MJ with all the machines they have bought and set up and the industrial yard they have constructed for grows. Dollar value can't be far out.
They can feasibly pump out all the oil they need to in less than 2 years once the wells are all set up and running. And once they are done with proven reserves they can keep pumping the unproven stuff out as well.
they are updating us on new oil being drilled in a couple weeks and quarterly is in less than 2 weeks, I see it going up from there, and if any MJ bills pass next week, I see that supporting the movement as well.
we could be pumping out $30 000 from one well per day before the end of the year.
they don't need to release PR I guess cuz the revs will be on the quarterly due in 2 weeks.
I'm average 0.0082 there, 300-400% gain, so yea, it is always going to be a good day there. Enjoy your exhibition matches, until the real game starts. IPOs galore, there will be so many new companies, a lot of new public companies, I will wait for the right one. Trade like you've done this before, seriously, then you would know what I mean.
BTW how much do you believe this is worth? make sure you look at the birds-eye view image. And on US West coast population of over 50 million people. Is $CGC that big? Cuz their shop is always sold out, and this is 35 different strains growing, how many does $CGC have?
— Wildfire Cannabis (@WildfireMJ) October 13, 2016
Ya Spain was number 1 before the world cup too, just sayin'. And everyone probably bet on Spain because of that exact reason.
nobody wants to invest in Colorado from international business point of view because there is no security there, until fed laws change, then you will see Rome built overnight, but until then it's really just something to watch develop before you decide to make a move.
LOL no, but you guys don't even have the legislation in hand, how do you even know the framework?
Public health issue more than Business opportunity Canada is treating it like presently. GLTA.
I dunno but news should have hit by now? it could be 11am Washington time though in that case 2pm *sigh*. They really should take interested investors more seriously, then again it's not like they dilute to make money off us anyway.
People are reading this company wrong though, just the fact that we have all the equipment ready for any slight change in the MJ climate is huge.
Eh I'm holding out for a new company when REC hits. Much more room for growth there and total wild card plays at this point, could come in with much more money than we've previously seen, be totally undervalued and blow competition like $CGC out of the water.
Somehow I don't think medical MJ companies have what investors think they have, now people are assuming they would be bumped up application lists, this isn't crony capitalism. This is Canada, most likely there will be an entirely new application process for a recreational license, and you may have to wait in line behind thousands of applications, or hit an express application processing because you already have most of the requirements met being a medical company.
$CGC won't be big fish in a little pool when Rec hits anymore. I can guarantee you that. There will be international business interest from conglomerates the likes we haven't seen in a while if not ever.
Not yet, but this is as close as you can get right now to a US Public company growing cannabis. Not to mention the great tenant landlord relationship that both companies have and the buy out option once other public companies are in a position to grow MJ as well (ie rescheduling) not to mention all the MJ grow space $CGRA will have accomplished building out in preparation for then.
Why lease, when you can own all the buildout space and the license in the end? And the extraction machines and the auto-trimmers? All means of production $CGRA is already ready for the future of US MJ. Even if its only 30 000 sq ft, things could and most likely would change if nationwide MJ is rescheduled for medical purposes.
haha did they realize that CGRA gets 2 mill out of every 3.4 mill WFCC makes?
or has that not clued in yet...
and that is still a great deal for WFCC in rental space.
all you have to do is look at the twitter pics, this stock is gravy. can't wait for quarterly. hopefully rev news comes out soon, I'm starting to get antsy as well.
wow 20% down and the news hasn't even hit yet, this is why I'm glad I don't flip stocks.
It's all pump not a genuinely strong move by Canopy, considering the fact that they are already in the Quebec market, this really is like the Titanic, as an investor quoted in another post, its like the Titanic in many ways...
And people here are saying the West Coast is a small market, its just about the only market right now, because the law over there is not shutting down dispensaries they don't even interfere with the MJ industry.
They've been doing that a lot lately putting out articles with a lot of pump language. They really don't have to pump. With a 50 mill warchest they can buy 100 more of these type of companies.
someone mentioned news at 11am, don't know if they are right...will see.
90 acres is more than enough space for growing when they get large rec license, for the rec market. That's like 4 million sq ft.
well today is the day.
if it's over half a million dollars in rent money this is a good buy even at a dime.
that site puts buys as sells and is wrong.
"Currently they are working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total of six licensed tenants (there are currently three tenants under contact). Under the Company’s turnkey lease terms, the rental potential is in excess of $2,000,000 annually."
http://www.microcapdaily.com/the-exciting-story-of-cgrowth-capital-inc-otcmktscgra/116002/
Up to $18 million annually when it's all built out. This is just the beginning, they can have up to 9 tenants in the end and that is up to $27 million, and with the west coast lighting up for legalization, including cali, they have more than enough demand to lease 9 profitable suppliers.
$CGRA
"On May 15 CGRA shared details of the Lease Agreement with Wildfire Cannabis Company. The five year, with five year renewal, Lease Agreement calls for a turn-key operational facility provided by the Company for the production and processing of cannabis by the Tenant. The Lease Agreement anticipates gross payments in excess of $2,000,000 annually, to include base rent, tenant improvements, common area maintenance charges, ancillary rentable areas, and administration fees. The Lease Agreement provides for the Tenant to increase its base rentable space by up to 33% as future business growth dictates, in turn increasing the realized rent and revenue to the Company."
http://www.microcapdaily.com/what-do-you-know-about-cgrowth-capital-inc-otcmktscgra/111242/
good day here! $CGC
tomorrow could be gigantic I'm talking over $625 000 in rent, just on the outdoor harvest. I'm not sure if they are counting all the space for leasing sake or just the space covered by MJ canopy, if that's the case even more money over $1.25 million. If we're including the indoor it could be $266 000 more. + equipment rental.
I'm using the old LOI from a year ago when they entered into this agreement, basically we're talking rental rate of $100 per sq. foot which is about average for renting industrial space.
holding up nicely at these levels, can't wait for rent revs, should be on the quarterly too which is in 2 weeks.
$CGRA good day here, guess the market needs to see the PR before the run! Good accumulation. Support keeps building in upper 2s!
accumulation at this level amazing.
$CGRA.
those 25's were indecent, you're a badman whoever picked those up.
BC is so sketch man truly the best place on earth.
I know exactly what you mean. We need more testing before products hit the market. I'm a heavy weight but I've had my share of things that shouldn't exist or come into contact with humans, and I've seen people pass out hitting strong weed, so I believe you. It's like once in a blue moon though, and it does no damage, don't let that discourage you from incorporating MJ into your life.
this company will do great but not now, or in the immediate future. now is not its time, but spring 2017 it will start. once legislation is on the ballot, then the real fun begins. a lot can happen between now and then, especially in the MJ industry, don't see this going much higher until then either. had it's fun, accumulation here is great though this area has decent support.
they banned gummies in Colorado, your mom must've not been there for a while...some edibles are too inviting to minors, I imagine Canada is formulating their policy similarly.
http://denver.cbslocal.com/2016/06/10/ban-on-pot-gummy-bears-signed-into-colorado-law/
tweed license only has 12000 kg of production per year.
that's 3000kg of production per harvest.
the last harvest was pretty much on par at this point. plus I checked tweed store they don't have nearly 35 strains available which we do. Infact if you compare pics from WFCC last harvest versus tweeds croptoberfest harvest, you'll see what I mean, that they are only big to those who haven't seen WFCC's harvest.
nah, I don't care for scams. plus share structure turns me off, even if its a legit company, if it doesn't have proper share structure, I'm not in it. It needs a lot of factors for me, those and it's gotta be nondilutive. its got to be something I am actually interested in too, its not all about the money you know, it's easier to hold onto something I actually believe in. they've also got to have a decent history, I look at their past as well as the projected future. it's actually probably why I spent this last week looking for a new guy and haven't found any. Found plenty of MJ stocks that have had ridiculous gains, just not for me I guess. I'll take my time and find sure things, it's easy money when you have patience.
ya you are right, Germany is really progressive, but they should try Columbia medical is legal there as well. there are so many places CGC can go if they want to increase international footprint and expand. just think about if they get a partnership in the US, somehow enter the production phase there, US rescheduling seems likely and CGC is built for medical production anyway. strategically located near the border and enough capacity to supply US population needs.
just being realistic, didn't mean to me a downer, love the company but it could be so great, and it's really not.
they aren't even profitable the only way they can be profitable is by diluting and creating more bagholders. denial.