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I'm sorry but this is just a sad press release. It would have been worth it if they had actual machine rolled joints that actually looked like cigarettes packaged say 4 or 6 to a box in a proper box.
Every dispensary that hopes to do well MUST have pre-rolled in their selections, especially if they are growing their own weed. What else do you do with all that extra trim ? ;)
Pre-rolled are great for promotional giveaways. You know new customers get a free pre-rolled or buy an eighth and get a pre-rolled... etc etc.
The fact it appears that though KAYS has been operating for about a year and it appears is just now offering pre-rolled speaks volumes about Craig and his "consultants" absolute utter lack of vision and understanding of the marijuana business in general.
I hope your right. Given his track record of being at the helm of a company that was delisted and Jones pleading guilty to fraud. I'm dubious. Actions speak louder than words
.... allowing medical marijuana use for patients with terminal condition...
Another crippled medical marijuana state. Limit of 5 growers until 250k patients registered. All of whom must be terminally ill.
Another great example of "freedom loving" conservatives prohibiting people's freedom.
Even if KAYS got into Florida as a grower. Their patient base would be zilch. Laws like this prop up the black market.
This bill is a dud. And Craig wants to put his effort into Florida?! LOL
Thanks penny. I greatly reduced my shares of KAYS after rookie (thanks btw rookie) made the connection to Jones and Craig's subsequent highly defensive and questionable answer.
Still in it with a small position as a "just in case". But I've shifted my money to other companies and have already seen much better results.
KAYS is a sleeper. Not much movement up or down. Will have to wait for q4 results. But as of now, I'm definitely dubious on this one.
Holy moly batman!! .36?!
From KAYS company info... including flower, CONCENTRATES, and cannabis-infused baked goods and candies.
Just wondering if anyone on this board is in Oregon. I'd really like to know what they have as far as in-house concentrates.
I'd like to know more about KAYS current products and plans. A lot of opportunities in this avenue.
.29 spread?!? YIKES
I've also been struggling to find IVXX anywhere in SD. Seems like they don't make much of it.. Have to admit I liked it the one time I tried it.
OGES called out for producing vaporware on popular website after not responding to questions regarding recent press release
http://gas2.org/2016/03/04/oakridge-battery-breakthrough-appears-vaporware/
Oregon moves closer to allowing banking for marijuana.
http://marijuanapolitics.com/oregon-set-to-become-first-state-to-legalize-marijuana-business-banking/
Anyone know when the restriction will be lifted off the shares they paid out. Love to get out of this turd and not be reminded of a bad decision every time I look at my portfolio.
Industry is irrelevant. My point when using them as an example was the fact that on an analytical data driven evaluation, they were WAY over rated @ $240.00 And even now some would argue, still way over rated. Why are their share prices so high? Because people have taken an emotional stance that this they will succeed.
My point is that with ANY stock, hype and emotion are huge drivers when it comes to value.. Isn't hype going to trigger an emotion? Isn't it hype that is used as part of the pump in a pump and dump?
People get their emotions caught up in any stock that represents any industry, regardless of the number of competitors. It's money. To say that people don't simply isn't true.
Was hoping for another dip so I could get some more. But it appears this might be creeping up.
More than 1
Please enlighten me as to why KAYS is the only publicly traded one ...
Well they are a similar company and similar negative people rolling around here. It's a message that obviously needs repeating.
Strict analysis of quarterly reports and looking forFINRA violations will only get you so far.
So much of a companies value is determined by emotions of investors. If this wasn't true then you wouldn't see companies like TSLA valued as high as $240 though they were consistently loosing money.
A marijuana penny stock with zero shady people is a golden unicorn. It doesn't exist.
Maybe they aren't expanding in Oregon because of market saturation. KAYS management doesn't give me optimism.
If they can get into growing in Florida, I'll change my tune.
http://www.wuft.org/news/2016/02/25/medical-marijuana-is-growing-in-florida/
My only issue is that it appears as though Florida will be one of those states that will heavily restrict MMJ, resulting in a small amount of sales.
http://www.news4jax.com/news/politics/florida-legislature/medical-marijuana-bill-sent-back-to-committee
Overall waiting for the quarterly report before I make anymore decisions on KAYS.
Old news. I've said it on different boards and I'll reiterate it here. If you think that you'll be able to invest in a marijuana company without dealing with shady people, you're sorely mistaken. I've seen this first hand when I briefly worked in the MMJ industry.
Top notch growers have years of experience. Obviously they are people who were willing to break the law in order to make an income. Unfortunately, their logic is sometimes more criminal than business like.
Couple them with the already shady OTC markets and you definitely have elevated risk.
The situation is no different with TRTC's direct competitor with regards to some shady people also running the show. However, results speak louder than words.
I'm cautiously optimistic given IXVV concentrates (which I've tried once but had a hard time getting again) and the status of BLUM and the situation in Nevada.
Amazing opportunities here.. Can you imagine if you could invest in an alcoholic beverage company at the end of prohibition? You'd be set. That is exactly what we're looking at here.
Personally I'd rather invest in a company that is directly involved in growing over one that is just "consulting" or "testing" with very little to show.
Based off the history, you're right maybe TRTC was started as a scam/shell. However, I think these guys wised up and decided rather than scam a few million they'd seize the opportunity and shoot for billions.
The risk is here and I'd be more apt to follow your info if TRTC didn't have anything to show. But I see too many tangible results.
Agreed!
I'm sorry but I feel like you won't be learning how to google if we just tell you KAYS direct competitors.
Hint. One is also doing business in Oregon.
You can do this!!
True. However, non-profits can pay a corporate for profit counterpart exorbitant fees related to management and "consulting". Similar what Craig is doing with Tudog.
I work for a very large non profit that does just that. Totally legal.
I don't mind being the first to admit I don't know a lot about investing, but you sir are epically incorrect.
NASDAQ is an exchange KAYS is not listed on that exchange as they hardly meet requirements to be listed there.
KAYS is an OTC security. It is traded in the OTCQB exchange. Not OTCPINK.
I highly recommend going here http://www.otcmarkets.com/home
And then read up on marketplaces.
There are two other competitors that are listed on the OTC exchange that grow and sell weed. Well 1.5 as I know for fact that one of these companies merger with a CA dispensary is not a done deal and their Vegas operations are still under construction.
Anyways, I digress... I agree with others. This stock is only good for flipping (if it would ever move) at this point in time. KAYS competitors appear to have bigger operations and goals.
Another point of risk with KAYS is their whole focus on MMJ in Florida. Lots of conservatives there. If Florida legalizes medical use but comes out with a law that is parallel to what you have in New York, you'll have an extremely limited market that will be hard to set up shop.
Overall KAYS appears a lot smaller than its competitors and a lot less interested in promoting themselves with proper marketing campaigns.
Love to see updates pics of KAYS growing operations.
Thanks! Love to be wrong and watch this blast off, but current behavior does not induce confidence in management
Anyone who is directly involved in growing marijuana is going to operate more with criminal mindset and less of a business mindset. I saw this first hand as I briefly worked to market topical marijuana products in California.
Longtime growers are people who are obviously willing to break certain laws in order to make an income. These aren't necessarily bad people. But, you'd have to be a fool to think that any pot company won't have its share of shady people. Couple this with the seemingly large amount of pump and dump scammers involved in OTC markets and I think you have some risky investing for sure.
Craig will either use David W. Jones's experience and connections with the FBI as an asset to navigate the murky world of legal weed. Having someone who has worked with the FBI and SEC might pay off. The company could eventually emerge as a major player in legal marijuana
On the other hand, investors could be left holding the bag. Will Mr. Jones just revert to old tricks?
What really turned me off this stock was Craig Frank's defensive reaction to everyone's inquiry to about Mr. Jones and any of his past actions.
Mr. Frank was also defensive when I pressed the company as to why they didn't protect brand recognition when a competitor recently purchased a CA dispensary, and sent out a press release stating that they were the "first" seed to sale publicly traded marijuana company. This was factually inaccurate as KAYS had beaten them to the punch last year!!!
My initial contact was responded to with "LOL, plenty to go around" when I pressed Kaya Holdings further about this lack of concern to protect the KAYS brand image, Mr. Frank started his response with:
--------
"Our focus is on building our company. We are not pumper dumpers. These guys are. They want to play this game they can."
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To me it says a lot when someone who chairman of a marketing firm doesn't care that a competitor is stealing his company's thunder but that he'd rather defend that he's not a pumper dumper. Especially when I NEVER even brought up pump and dump when I inquired as to why KAYS didn't seem at all concerned with protecting brand image.
As a shareholder, I have every right to know if people involved with a company I've invested in have ANY criminal background. Craig's defensive and discourteous response resulted in me removing a substantial amount of my initial investment from KAYS to its two other competitors. I feel Craig has been more interested in protecting his and Jones reputations than anything else. That says a lot in my book.
... I sent them an email yesterday regarding W. David Jones and the FBI operation. I've yet to hear anything back...
Technically KAYS is the fist publicly traded dispensary, not TRTC.
http://www.prnewswire.com/news-releases/afais-marijuana-operations-now-kaya-holdings-new-trading-symbol-otcqbkays-starts-today-930-am-300061857.html
Can someone please explain why "First publicly traded dispensary" goes to TRTC and not KAYS?
I think TRTC is banking on the fact that California will legalize in 2016. IF California does legalize they will have an immediate foot in the door.
However, I still don't see how they can buy a nonprofit. I didn't think a nonprofit could be publicly traded.
I found three different companies named Canx Inc. One is a company out of Oregon focused on Cannabis extractions.. Their limited website was created October 2015..
http://www.canxinc.com
As for the other two Canx, inc's. One out of FL and the other out of NV. None of these companies appear to have any products or revenue.
You forgot to mention their Facebook doesn't mention anything but generic marijuana related news. No products, no research no nothing related to GBLX. Smells like a scam
I got that link directly off of their Facebook page this morning.. I just went back to their Facebook and see that the post is no longer there..
Kaya Shack announces two new stores. Reiterates goals to be a national brand. Once they start getting some decent media coverage, their stock will explode.
http://www.kayashack.com/kaya-shack-opens-stores-in-north-salem-and-south-salem/