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"Vertically integrated Aleafia is obtaining new growing licenses at one end of its business and constantly beefing up its retail and clinical operations at the other end. When pricing pressure puts the squeeze on margins, companies that control as much of the value chain as is reasonable can make adjustments to their costs to stay in the black and keep investors happy. Just a few days ago Aleafia became the first Canadian licensed producer to complete a large scale outdoor cannabis crop. What better way to protect against a potential price crash than to set up an outdoor grow and produce cannabis at a fraction of the cost of traditional grow ops. Check out Aleafia’s outdoor grow pictures here."
Cannabis doesn't need testosterone. It doesn't care if it's the first or largest.
Thanks for the link. There isn't any watering equipment evident so I suppose all the watering is done by hand. It's great to see a team of students involved!
It would be interesting to know more about the processes they are using for the outdoor grow. Soy and hay self-seed and start from seed outdoors in early spring. That's farming. Growing cannabis is horticulture. The clones can't be planted until end of May because of frost so they are not that late. It would be interesting to know how they are handling the watering and fertilizing on such a large outdoor scale. Equipment? By hand?
There is time for a 2019 grow just that the plants will be small with a low yield. According to public news, they have 13,000 starter clones on site already.
DofS, what IS your timeline?
Thank you Kettleman. Best post for a long time. Health Canada is federal with everyone on salaries funded by the taxpayer. They have NO knowledge whatsoever of plant growth or business growth. The outdoor grow is in southern Ontario, Canada. This is a short but very lucrative grow if the Canadian federal government folks could just get their butts away from the water cooler and staff canteen and next public holiday paid for by their taxpayers.
Re-reading my post in case I missed something. Still shaking my head and saying WTF.
“Aleafia Health’s asset-light, technology-driven cannabis health and wellness ecosystem is built for global scale. The introduction of FoliEdge Academy cements our horizontal diversification strategy and will see Aleafia Health connect with consumers within the large organizations that our educational solution is geared towards,” said Aleafia Health CEO Geoffrey Benic."
WHO talks like this? Really! Yo, Geoffrey Benic, dude. Please share with us the learning academy you studied with so we may all gather together to have it banned from Planet Earth forever, amen.
All I am sure about is the HUGE loss. This is not a company to buy. If you did buy in the past, you have little left to sell. That's the sole truth here.
Thanks for sharing.
Thank you, Noodle. Answered.
I've lost 72% of my initial investment of $100,000.
The MDRM clowns didn't turn down anything. Everything legitimate and responsible turned down them.
It's not libel if it's true.
Balbir, Tito and Gilbert are all part of a scam. It's always been a scam. They get some juicy plum such as a marijuana facility about to be licensed and dangle it in front of investors. Innocent people invest, Balbir, Tito and Gilbert take the money and spend it on themselves. What's really scary is that the SEC has already banned Balbir from promoting stocks and yet he continues. Gilbert is still licensed to practice law.
Would someone like to acquire mine for the price I paid for them? Really really tired of seeing double digit losses.
Thanks Powe, I'm not making that mistake with Aleafia either. This is a solid company. However, I've got some other MJ holdings where I'm in serious danger of making the classic "fear and greed" move.
Thanks for the pointer - doing a bit of research now. 5550 refers to 'Continued Listing Requirements'. 5505 refers to the 'Initial Listing'. 5505(a)(1)(A) says $4 per share. If below $4 there's an alternative to be listed as a Penny Stock.
There's a shareholder meeting December 6. We could go to that to get more information and to vote. It's great that Aleafia is providing so much information and is giving us a chance to vote.
Now I'm seeing the increase in my share holdings. It's still showing a loss but only -23% which is a lot better than -89%!
I'm seeing the same quantity of shares I've always held but with an unrealized LOSS of -88.99% !! I'm NOT a long-term investor. Just waiting to get out. Not worried though. The huge 6-digit loss on Beleave, if realized, will help offset the tax on the huge gains made on other MJ companies.
I believe that Aleafia IS a great company with a terrific future with lots of potential. But the constant news releases do imply pumping. I think Aleafia doesn't mean to pump. I truly believe that Aleafia is a genuine company that will succeed well in the long run. Aleafia has probably hired an overly zealous PR company.
Powe, is that you RS?
What meeting in December? Thanks for any info you can provide. I'm a big stockholder here.
Yo Balbir, will you be bringing Gilbert to this coffee shop to help you with your scam?
CDNStockGirl, strange, I was at the LIFT booth and got a totally different message.
http://www.galileolifesciences.com/ "Website suspended please contact our billing department" . A professional website sharing all this optimism would work wonders. The current one does not convey the image of a corporation cleaning up its finances.
Even if MDRM/Galileo is just a shell, it's name is now attached to Novo and Peace Naturals publicly so it's public image now affects their image!!
Those very words should give everyone a reason to SELL and to NOT BUY! All MDRM/Galileo does is negotiate contracts then sits back to enjoy YOUR money as it rolls in. We haven't seen any details of the contract that MDRM/Galileo signed with PN and Novo. MDRM/Galileo must now fulfill its contractual obligations. Which, if history repeats itself, it will NOT!
This COULD be huge indeed!! MDRM management needs to know that many eyes are watching and that they are expected to fulfill their contractual obligations with competence and integrity in a timely manner.
Girl, they've been calling all their friends many of whom are not feelin' the love for very good reasons.
MDRM must raise $25 million to meet their side of the Peace Naturals deal.
Imagine how the projects involved with MDRM feel! They negotiate solid viable contracts with MDRM in good faith. They sit across the desk and look them in the eyes. Lawyers on both sides write and review contracts ad nauseam. The months...years...pass before they realize that the contracts are meaningless. The projects are just juicy plums to dangle before the eyes of innocent investors. The projects starve and die from lack of funding or struggled off elsewhere. The investors get no returns or lose their money entirely. WHERE DOES THE INVESTORS MONEY GO?!?!?
This is not libel! This is all based on the reports in the public domain.
MDRM DOES have two new potential projects. But there isn't any real news for a press release at this time so a filing gets people thinking some news is coming, they get all excited and the share price goes up. Some shareholders who know MDRM's management history took advantage of the moment and sold, hence a lot of our regular posters have gone silent. Those that don't know the history, bought thinking something is coming.
Yes, there are two new projects in the pipeline. Very little of the money will reach those projects; most of it will go on wining and dining and nice homes and such like, so the contracts will fail slowly and painfully.
MDRM spent $1million on "consultants" yet defaulted on their MJ contracts due to lack of funding! Most of the money went to "related parties". It's all in the filings. Hoping the audited report, if it ever comes out, will shed light on the who got what for why.
The best advice in the world is useless if there is no project to apply the advice to! So the $1million and all those shares given to doctors and lawyers and other best friends was a total waste, from the shareholders' perspective anyway.
The squandered $million would have easily secured the former contracts that will soon be premier Licensed Producers with professional operators and massive room for expansion.
MDRM has spent shareholder funds on everything other than MJ projects. All predictions on the future of the MJ market in Canada are not applicable to MDRM because they have no MJ assets and no means of acquiring any.
No B in sight, probably because he is not a director due to his lifelong ban by the OSC.
MDRM Board parties at the expensive National Club on Bay Street in Toronto. Saw the whole gang there spending big recently. Who foots the bill??
MDRM GIVES Gilbert Sharpe shares for no reason. He doesn't need to buy them.