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Absolutely. Been buying more this morning
I asked WW about the proposed $3M capital raise and what the rationale was behind it being oversubscribed to $5.9M as well as the rules for trading the debenture an warrants. His reply...
Our initial objective was to raise $3M, as a result of a very successful roadshow, the raise was oversubscribed by $2.9M. As CEO, I have a fiduciary responsible to protect the interest of all stakeholders. With constant uncertainty in the political climate, specifically at a federal level, it was determined by the board the best interest of the shareholders and stakeholders would be met by accepting the entire requested offering to ensure the company could achieve its overall plan to buildout California and have sufficient capital to take advantage of other acquisitions or opportunities if they so are presented. Furthermore, this is the type of traditional debenture that moves the company away from the floor-less convertible debentures from the past.
Holders of the debenture can convert to common stock at anytime, however, these holders are subject to rule 144A of the Securities Exchange Act which prevents them from obtaining free trading status for a minimum period of six months.
Once the shareholder have met the six month holding period they can be sold on the US exchange.
Warrants, once exercised, must also adhere to a six month holding period from date of exercise.
Regards,
Will
As pointed out many times on this board the PPS at the time was in a .60 to .70 cent channel from 11/1 to 12/24 so while we would obviously prefer today's PPS, that wasn't reality at the time. We've wanted capital to grow that was not toxic, so we're able to execute the planned build out. Now we have $5.9M to utilize towards this goal. EVIO Long!
holders are subject to rule 144A of the Securities Exchange Act which prevents them from obtaining free trading status for a minimum period of six months.
$6M will go a long way to ensure the company can achieve its overall plan to build out California and have sufficient capital to take advantage of other acquisitions. Testing requirements ramp up in CA through the year so we should see a steady increase in throughput. EVIO long and strong.
Funny how some people who wrote EVIO off in mid November then missed the run from .49 a share to $2.20 show up now to bash and post 12 times today so they can try to influence downward pressure on the share price to get back in under $2.00
Patrick has been very responsive to inquiries and is the right man for leading the operations/marketing of Citizen Toke, while behind the scenes Tew/Tyson work on Blockchain and other enhancements to the platform. MJTK strong.
Board Share Count 611k and counting
Bear 35k
Thcm 157k
Grib 22k
Conflictoftime & friend 165k
Ford7319 100k
TheSilver Bear 33k
map35 39k
Scriptohio7 60k
Great volume and nice move today. I think after Q1 is released we get another nice bump
Added 3700 more just now. Good 10Q with much better Q1 and Q2 coming IMO. Go EVIO
If the advice givers here are such smart traders shouldn’t they be retired multi millionaires enjoying the beach? Oh that’s right they would rather be keyboard jockeys posting on iHub instead to pass time spreading their wisdom.
Well Said Matza. Those who have vision will see as strains, oils, edibles etc. become more and more of a commodity, branding and marketing turning inventory etc. will be critical to a businesses success. Cannasys is building a platform to capitalize on this market and other markets that the platform can leverage. Those who can be patient will be rewarded.
MJTK for the win.
2018 Brings Blockchain Integration
Following a successful product launch in 2017, CannaSys is now focused on leveraging its existing infrastructure into unique cryptocurrency products and services, to be developed in 2018.
Management believes it is in the shareholders' best interest to embrace blockchain and launch products and services combining CannaSys's existing assets with cryptocurrency platforms. Mr. Tew has the experience in both capital markets and technology development to bring these new opportunities to market.
"We have evaluated numerous cryptocurrency business plans that are unique and complementary to applications in the cannabis industry and beyond, all of which leverage our existing infrastructure," noted Mr. Tew. "We are excited to introduce these products to our investors in order to continue to build long-term shareholder value."
Citizen Toke is building its base now on the both sides of the platform; dispensaries and end-users, we will grow in CA and beyond, while building the next version behind the scenes that includes blockchain/crypto and Mr Tew has been involved in blockchain for several years. This will be golden in due time.
From the PR...
Management believes it is in the shareholders' best interest to embrace blockchain and launch products and services combining CannaSys's existing assets with cryptocurrency platforms. Mr. Tew has the experience in both capital markets and technology development to bring these new opportunities to market.
Like I said, the perfect storm. Great Article today that captures the movement to pass H.R. 1227, the Ending Federal Marijuana Prohibition Act...
https://www.politico.com/magazine/story/2018/01/06/jeff-sessions-marijuana-legalization-congress-216251
TESTING, TESTING, TESTING
The media coverage of Cannabis, Rescinding the Cole Memo, Sessions etc. is the perfect storm. You can’t turn on the news or surf the internet without hearing stories of the politicians vowing to protect states rights, especially CA, CO, WA, OR, MA who have adult-use. At what point does the conversation from these state politicians turn from “We’re worried about a potential crackdown” to “We better make sure our Medical and Adult-Use Cannabis is safe and free from toxins, etc?”
That is the point in time when the cannabis investment majority will realize “I should be invested in a publicly traded testing stock”. That is when others (not the EVIO board) who have not heard of EVIO will realize we are becoming a nationwide testing company and will be buying up shares in droves. And by the way, for those that don’t realize it yet, “Elf-boy” just provided a sale on shares - - and here I thought i wouldn’t see Christmas gifts from elves until next year.
MERRY EVIO XMAS
EVIO mentioned as a stock to watch...
EVIO Inc. (EVIO), a cannabis lab testing company, fell more than 23% yesterday and we are monitoring how the shares trade from here. EVIO is focused on becoming one of the largest cannabis lab testing firms in the United States and we are favorable on this side of the cannabis industry.
With operational labs in Colorado, California and Oregon, EVIO is well positioned for growth. The recent comments by lawmakers in Colorado, California and Oregon, we remain favorable on the company. With a market cap below $17 million, EVIO has an attractive valuation and we think this is a stock to watch.
https://technical420.com/cannabis-article/7-stocks-watch-after-jeff-sessions-puts-cannabis-industry-notice
Rescinding the Cole memo forces Congress to act. As a result there are 2 amendments that should be added to the federal budget renewal due on 1/19 -- and the combination of these 2 amendments is much stronger than the Cole Memo and will prevent any and all federal interference in both medical and adult-use MJ moving forward.
Rohrabacher-Blumenauer protects Med MJ from federal intervention
http://www.thedailychronic.net/2017/89445/federal-medical-marijuana-protections-temporarily-extended-2/
McClintock-Polis protects Rec MJ from federal intervention:
http://www.thedailychronic.net/2017/77310/mcclintockpolis-amendment-to-limit-federal-interference-of-state-marijuana-laws/
With the backlash voiced from lawmakers since yesterday in my opinion these amendments will be added and will also result in fast-tracking the rescheduling of Cannabis from a Schedule 1 narcotic.
Video Q & A with rep Blumenauer of Oregon...
Added 10k shares. We will look back at this day weeks from now and realize what an opportunity to today was. Go EVIO
Well said Steven. Absolutely overlooked by many.
Strong Buy Signals for MJTK on Barchart https://www.barchart.com/stocks/quotes/MJTK/opinion
Strong Buy Signals from Barchart for EVIO https://www.barchart.com/stocks/quotes/EVIO/opinion
Thanks Ford. Its been a great rally so far, but I believe this is only the beginning for EVIO. Lots of room to run IMO.
Nice recap Tulaz. Spending the time to properly develop and test the Citizen Toke platform and updating the software based upon Beta Partner feedback will pay huge dividends as the cannabis market grows and dispensaries and brands compete for business. Go MJTK.
Christmas Cannabis Rally Will Continue thru 2018 and EVIO is Uniquely Positioned for Rapid Growth.
Why we just experienced a Christmas rally in the cannabis sector and why it will continue through 2018:
* The federal government just lifted the ban on medical marijuana, which is a major milestone on the road to the sector becoming mainstream. This “hands off” signal by the Feds provides investors the confidence they needed to inject major capital in to the sector.
http://nationalpainreport.com/congress-quietly-ends-federal-ban-on-medical-marijuana-8828775.html
* The massive California market, begins selling recreational marijuana on 1/1/2018. New licenses will be granted steadily throughout 2018 and there will be a huge surge in demand throughout the year. To put things in perspective, California’s economy is the 6th largest economy in the World and is projected to reach $5-7 Billion dollars.
* New Jersey is projected to legalize marijuana via legislature within the first 100 days per Governor Phil Murphy’s pledge. New Jersey is the second largest state to legalize marijuana and is a key state on the east coast. It’s close proximity to New York and Wall Street will further attract investment in to the cannabis sector.
* Massachusetts will begin sales of recreational marijuana in July, becoming the first east coast state to sell recreational marijuana, further legitimizing the cannabis sector as an entire U.S. sector and not just a west coast movement.
* Recreational marijuana will become legal in Canada in mid-2018, providing a further boost to the industry and it’s legitimacy.
* Remaining Federal obstruction in the U.S. is likely to be swept away by practical considerations, like the tax revenue to be garnered from the industry, and popular opinion. In many ways this is similar to the end of the Prohibition era (of alcohol), which of course led to huge profits for the liquor industry.
We are on course to see 25–30% growth in the cannabis/marijuana industry per year for the next four years in the United States. That will make it the fastest growing industry in the world. Therefore. established companies in the cannabis sector, who after years of work have created distinct products and/or services - like testing - should steadily grow, as the cannabis sector is still in its infancy with years of rapid growth ahead of it.
Cannabis testing is poised to become a $1.4 billion market by itself, according to an estimate by High Times.
http://hightimes.com/business/marijuanas-next-billion-dollar-market-lab-testing/
Why EVIO Labs?
* EVIO labs provides accredited testing services serving California, Oregon, Colorado, Massachusetts, and Florida and it plans to have 18 labs by the end of 2018 that provide testing to ensure the quality and safety of the cannabis supply
* The company’s goal is to become the industry’s largest cannabis testing company, says CEO
* Serving the legalized cannabis industry, EVIO sees California becoming the biggest marketplace globally. Estimates are that the cannabis market there could reach $5-7 billion annually
https://www.networknewswire.com/evio-inc-evio-prepares-new-cannabis-testing-rules-california-ahead-january-recreational-legalization/
Website: http://eviolabs.com
Oregon - 5 labs
1 - EVIO Labs Portland previously known as GreenHaus Analytical Labs
1 - EVIO Labs Bend
1 - EVIO Labs Eugene previously known as Oregon Analytical Services
1 - EVIO Labs Medford previously known as Kenevir Labs
1 - EVIO Labs La Grande, which is four hour drive away from both our existing Portland and Bend locations, will serve as our regional spoke serving both industrial hemp and cannabis clients in Eastern Oregon.
Oregon is expected to reach $24M in cannabis testing revenue by 2020.
California - 3 labs
1 - EVIO Labs Yuba City previously known as Green Style Analytics serving Northern CA
1 - EVIO Labs Costa Mesa (Coming Soon). Strategically located to become our hub lab for all of Southern California. Conveniently located by the two major freeways, this facility will be the primary processing center for all of our spoke labs from San Diego, Inland Empire, San Bernardino and Los Angeles
https://globenewswire.com/news-release/2017/07/18/1047893/0/en/Signal-Bay-to-Expand-EVIO-Labs-Cannabis-Testing-Division-into-Southern-California.html
1 - EVIO Labs Berkley, previously known as C3 Labs, LLC. This pending acquisition fast tracks EVIO Labs' expansion into Northern California
https://www.marketwatch.com/story/evio-inc-to-purchase-licensed-cannabis-laboratory-in-northern-california-2017-12-11-9142149
California is expected to reach $176M in cannabis testing revenue by 2020.
Massachusetts - 1 lab
1 - EVIO Labs Massachusetts previously known as Virdis Analytical. There are currently 15 licensed Registered Marijuana Dispensaries operating in Massachusetts up from the 11 when we acquired Viridis. The number of pending licensees has increased from 101 to over 220 according to the Massachusetts Department of Health. Recreational marijuana will be available in the state commencing in July 2018. Many of Evio’s clients are already preparing for this forecasted increase in demand.
Massachusetts is expected to reach $24M in cannabis testing revenue by 2020.
Florida - 2 labs
1 - EVIO Labs Broward County
1 - EVIO Labs Alacua County (Opening Soon)
First Licensing Agreement executed leveraging the EVIO brand name.
https://www.accesswire.com/470437/Signal-Bay-Swings-Down-East-Coast-Licenses-Cannabis-Testing-Lab-in-Florida
EVIO FL Website: https://eviolabsfl.com
Colorado - 1 lab
1 - Licensee, PhytaTech CO. Colorado location has recently attained ISO 17025 accreditation. ISO 17025 is the highest recognized quality standard in the world for calibration and testing laboratories.
https://globenewswire.com/news-release/2017/12/26/1274601/0/en/EVIO-Labs-Colorado-Licensee-Announces-ISO-17025-Accreditation.html
Expansion
$3M in Working Capital for Expansion.
https://www.marketwatch.com/story/evio-inc-announces-private-placement-of-up-to-us-3000000-in-convertible-debentures-2017-12-06
Although the increase in share price last week has been significant, EVIO has a lot of runway for future growth and is still consider to be an undervalued opportunity by many investors.
https://technical420.com/cannabis-article/california-rec-coming-and-these-companies-are-going-capitalize-big-way
All stock recommendations and comments are my opinion only. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal ownership, may influence or factor into a stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is not indicative of future price action. You should be aware of the risks involved in stock investing, and you use the material contained herein at your own risk. I cannot guarantee its accuracy or validity, nor am I responsible for any errors or omissions which may have occurred.
Christmas Cannabis Rally Will Continue thru 2018 and EVIO is Uniquely Positioned for Rapid Growth.
Why we just experienced a Christmas rally in the cannabis sector and why it will continue through 2018:
* The federal government just lifted the ban on medical marijuana, which is a major milestone on the road to the sector becoming mainstream. This “hands off” signal by the Feds provides investors the confidence they needed to inject major capital in to the sector.
http://nationalpainreport.com/congress-quietly-ends-federal-ban-on-medical-marijuana-8828775.html
* The massive California market, begins selling recreational marijuana on 1/1/2018. New licenses will be granted steadily throughout 2018 and there will be a huge surge in demand throughout the year. To put things in perspective, California’s economy is the 6th largest economy in the World and is projected to reach $5-7 Billion dollars.
* New Jersey is projected to legalize marijuana via legislature within the first 100 days per Governor Phil Murphy’s pledge. New Jersey is the second largest state to legalize marijuana and is a key state on the east coast. It’s close proximity to New York and Wall Street will further attract investment in to the cannabis sector.
* Massachusetts will begin sales of recreational marijuana in July, becoming the first east coast state to sell recreational marijuana, further legitimizing the cannabis sector as an entire U.S. sector and not just a west coast movement.
* Recreational marijuana will become legal in Canada in mid-2018, providing a further boost to the industry and it’s legitimacy.
* Remaining Federal obstruction in the U.S. is likely to be swept away by practical considerations, like the tax revenue to be garnered from the industry, and popular opinion. In many ways this is similar to the end of the Prohibition era (of alcohol), which of course led to huge profits for the liquor industry.
We are on course to see 25–30% growth in the cannabis/marijuana industry per year for the next four years in the United States. That will make it the fastest growing industry in the world. Therefore. established companies in the cannabis sector, who after years of work have created distinct products and/or services - like testing - should steadily grow, as the cannabis sector is still in its infancy with years of rapid growth ahead of it.
Cannabis testing is poised to become a $1.4 billion market by itself, according to an estimate by High Times.
http://hightimes.com/business/marijuanas-next-billion-dollar-market-lab-testing/
Why EVIO Labs?
* EVIO labs provides accredited testing services serving California, Oregon, Colorado, Massachusetts, and Florida and it plans to have 18 labs by the end of 2018 that provide testing to ensure the quality and safety of the cannabis supply
* The company’s goal is to become the industry’s largest cannabis testing company, says CEO
* Serving the legalized cannabis industry, EVIO sees California becoming the biggest marketplace globally. Estimates are that the cannabis market there could reach $5-7 billion annually
https://www.networknewswire.com/evio-inc-evio-prepares-new-cannabis-testing-rules-california-ahead-january-recreational-legalization/
Website: http://eviolabs.com
Oregon - 5 labs
1 - EVIO Labs Portland previously known as GreenHaus Analytical Labs
1 - EVIO Labs Bend
1 - EVIO Labs Eugene previously known as Oregon Analytical Services
1 - EVIO Labs Medford previously known as Kenevir Labs
1 - EVIO Labs La Grande, which is four hour drive away from both our existing Portland and Bend locations, will serve as our regional spoke serving both industrial hemp and cannabis clients in Eastern Oregon.
Oregon is expected to reach $24M in cannabis testing revenue by 2020.
California - 3 labs
1 - EVIO Labs Yuba City previously known as Green Style Analytics serving Northern CA
1 - EVIO Labs Costa Mesa (Coming Soon). Strategically located to become our hub lab for all of Southern California. Conveniently located by the two major freeways, this facility will be the primary processing center for all of our spoke labs from San Diego, Inland Empire, San Bernardino and Los Angeles
https://globenewswire.com/news-release/2017/07/18/1047893/0/en/Signal-Bay-to-Expand-EVIO-Labs-Cannabis-Testing-Division-into-Southern-California.html
1 - EVIO Labs Berkley, previously known as C3 Labs, LLC. This pending acquisition fast tracks EVIO Labs' expansion into Northern California
https://www.marketwatch.com/story/evio-inc-to-purchase-licensed-cannabis-laboratory-in-northern-california-2017-12-11-9142149
California is expected to reach $176M in cannabis testing revenue by 2020.
Massachusetts - 1 lab
1 - EVIO Labs Massachusetts previously known as Virdis Analytical. There are currently 15 licensed Registered Marijuana Dispensaries operating in Massachusetts up from the 11 when we acquired Viridis. The number of pending licensees has increased from 101 to over 220 according to the Massachusetts Department of Health. Recreational marijuana will be available in the state commencing in July 2018. Many of Evio’s clients are already preparing for this forecasted increase in demand.
Massachusetts is expected to reach $24M in cannabis testing revenue by 2020.
Florida - 2 labs
1 - EVIO Labs Broward County
1 - EVIO Labs Alacua County (Opening Soon)
First Licensing Agreement executed leveraging the EVIO brand name.
https://www.accesswire.com/470437/Signal-Bay-Swings-Down-East-Coast-Licenses-Cannabis-Testing-Lab-in-Florida
EVIO FL Website: https://eviolabsfl.com
Colorado - 1 lab
1 - Licensee, PhytaTech CO. Colorado location has recently attained ISO 17025 accreditation. ISO 17025 is the highest recognized quality standard in the world for calibration and testing laboratories.
https://globenewswire.com/news-release/2017/12/26/1274601/0/en/EVIO-Labs-Colorado-Licensee-Announces-ISO-17025-Accreditation.html
Expansion
$3M in Working Capital for Expansion.
https://www.marketwatch.com/story/evio-inc-announces-private-placement-of-up-to-us-3000000-in-convertible-debentures-2017-12-06
Although the increase in share price last week has been significant, EVIO has a lot of runway for future growth and is still consider to be an undervalued opportunity by many investors.
https://technical420.com/cannabis-article/california-rec-coming-and-these-companies-are-going-capitalize-big-way
All stock recommendations and comments are my opinion only. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal ownership, may influence or factor into a stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is not indicative of future price action. You should be aware of the risks involved in stock investing, and you use the material contained herein at your own risk. I cannot guarantee its accuracy or validity, nor am I responsible for any errors or omissions which may have occurred.
Reposting....MJTK Potential Market in CA, CO, OR, WA
Strong buy indicators for MJTK from bar chart
https://www.barchart.com/stocks/quotes/MJTK/opinion
USA Today front page article on CA Legalization. More media coverage leads to more new investors.
Legal Marijuana Arriving in California
What's at stake? The state's existing marijuana black market is worth $13.5 billion, according to cannabis financial analysis firm GreenWave Advisors, while the legal market could be worth $5.1 billion in 2018.
Guess what, the legal product of $5.1B plus needs to be tested. What public company is positioning itself to meet this demand? EVIO. EVIO is in the right place at the right time.
USA Today front page article on CA Legalization. More media coverage leads to more new investors.
Legal Marijuana Arriving in California
What's at stake? The state's existing marijuana black market is worth $13.5 billion, according to cannabis financial analysis firm GreenWave Advisors, while the legal market could be worth $5.1 billion in 2018.
Note the section on advertising and marketing challenges.. California rules limit marijuana advertising, so dispensaries are getting creative in how they reach potential customers.
Guess who has a marketing platform to help? MJTK!
Lots of Buzz on the Buzz Cloud for MJTK (Big and GREEN)
https://investorshub.advfn.com/boards/tcloud2.aspx?i=1
Great volume today for MJTK and a big move. Strong move going in to 2018.
Great volume today for EVIO. The trend will continue through January IMO.
Retail Cannabis Sales Poised To Surge
According to recently released data from ArcView Market Research in conjunction with BDS Analytics, retail cannabis sales are poised to grow 33% from 2016 to nearly $10 billion this year. By 2021, ArcView estimates the legal market will more than double, reaching $24.5 billion.
IMO, MJTK is poised to become a marketing leader during this growth period... They've taken the time to develop the right software for the right market during the right time. 2018 will be epic.
Arcview market data research referenced here
Retail Cannabis Sales Poised To Surge
The pending deal is the latest sign that retail cannabis sales are poised to surge in the coming years. According to recently released data from ArcView Market Research in conjunction with BDS Analytics, retail cannabis sales are poised to grow 33% from 2016 to nearly $10 billion this year. By 2021, ArcView estimates the legal market will more than double, reaching $24.5 billion.
Green Market Report of the EVIO merger PR with C3...
https://www.greenmarketreport.com/evio-acquires-c3-labs-ma-continues-strong-run-california/
Great volume this morning. Starting to see some more mainstream news of MJ and California recreational coming online. More and more people will be looking to picks and shovels opportunities like testing of EVIO. Hopefully a timely 10Q will propel us to he next leg.
Looks like the EVIO site has been refreshed as well. Check out the Careers page and all the open positions.
http://eviolabs.com
CITIZEN TOKE POTENTIAL MARKET
Now that Citizen Toke has officially launched, there are 2900 dispensaries in just CO, CA, OR, WA...
CO: 700+
It's the tenth consecutive month in which sales have topped $100 million, and the sustained double-digit growth rate
http://www.thecannabist.co/2017/05/10/colorado-marijuana-sales-statistics-march-2017/79215/
CO Recreational sales are over double medical in CO. With the CO market being the most mature, Citizen Toke will be a valuable marketing tool for dispensaries to acquire new customers and keep loyal customers.
With new recreational shops opening in CA, there is a prime opportunity for leveraging Citizen Toke to acquire new customers.
CA: 1250
An estimated 1250 medical marijuana dispensaries are operating in the state, with sales last year hitting $2.7 billion, according to industry groups.
https://kushtourism.com/california-marijuana-retail-map-and-directory/
WA: 435
https://502data.com
OR:472
http://projects.oregonlive.com/maps/marijuana/dispensaries
Lori Glauser quoted in a nice article about testing in California. Every article to get the EVIO brand name out there helps. Look at the end of the article regarding potential EVIO expansion.
HOW RECREATIONAL MARIJUANA IN CALIFORNIA LEFT CHEMISTS IN THE DARK
Quotes:
before California and other states legalized recreational weed — fewer than one percent of those people worked in testing labs. That small number includes administrative staff and low-level technicians, meaning even fewer know how to test for the specific elements the state has now laid out. Lori Glauser, the co-founder and COO of cannabis-testing company EVIO (formerly named Signal Bay), estimates there are 30 people across the United States with the kind of experience California is requiring
Potential Expansion:
“We feel confident we can do all the tests, but I will say it is a lot to put on labs six weeks before the date,” Glauser said. “If Oregon now has 20 labs, you’ll need more than 100 labs in California to get this to work at the same scale.” EVIO is currently opening a location in Costa Mesa and eyeing a number of others in the Inland Empire, the Emerald Triangle, the Bay Area, and the Sacramento Valley. Glauser opened their first seven labs in a year and a half. “We’ve got the system down,” she said.
MODS please remove sticky 42573 from Deeznuts. Now that Citizen Toke has officially launched the details in the post are irrelevant and misleading to new investors.
thanks