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Agritek dodged a bullet in Puerto Rico as hurricane Irma passed north of the island. Now if only we could get Jeff Sessions out as attorney general.
Yeah...anything even close to that kind of revenue would set AGTK on a rocket ride.
I posted last week that with a slow pre holiday week, I would be happy to see us hold around this price and build a base. So far so good after 4 days with a slow Friday coming up leading into a 3 day weekend. Beware MM shenanigans tomorrow as they attempt to pick up cheap shares to replenish their inventory. It may present a good buying opportunity. Have a good weekend all. I can vision a major move up soon.
Here's more on that Washington State company we just signed a 5 year deal with. Sounds like a growing legitimate company -
https://www.gapharm.com/about-us/
Click on a 5 year chart (just to the right - 5y). See how fast this stock moved from where we are now to $1.
AGTK almost doubled recently. Now we're building a higher base to launch from. With a holiday slow couple weeks coming up, it wouldn't surprise me to see AGRT stay in this range for another couple weeks. The good news this week is we will trade over 50 million shares going sideways. Yet 50 million shares sold out of weak hands into stronger hands who will be more inclined to hold in this range. I would take this for a bit going forward. Shake those weak holders and build that base!
This next week going into the long Labor Day weekend is normally very slow as many brokers, traders, investors are taking a vacation. Agritek volume has held up better than expected. This next week may be the last chance to buy this cheap marijuana stock around the 2 penny area. From Labor Day on, we will have 4 months where we should see a big increase in interest in marijuana stocks heading toward January and California's legalization date. Marijuana stocks like Agritek, with actual products being sold and coming land revenue should show the biggest increase. I see a day soon where Agritek could rise multiple pennies on massive volume that will dwarf the 44 million share record day of last week. Many brokers, institutions, investors will start taking an interest in marijuana stocks and Agritek's price of a few pennies should stand out. This stock is still mostly undiscovered.
Correct! The land revenue will be the big driver. In the mean time, I'm glad to see our CEO isn't waiting for January and the legalization of marijuana in California. He's already starting to get a foothold there. This will help bring in some revenue in the next several months as Agritek begins to position itself in California -
Announced today -
"The Agritek "Microdose" brand will be produced and expected to be distributed through its permitted manufacturer and collective to 140 plus dispensaries throughout California over the coming months"
With the WHOLE COUNTRY of Canada legalizing marijuana in JULY of 2018 (6 months after California), that will make California look like a SANDBOX!
He mentioned about California and how it "makes Colorado and Puerto Rico look like a SAND BOX".( California legalizing marijuana in Jan 2018) That market potential will be so much larger than the other legalized states. Makes me wonder if he has something in the works for California. Why would he bring that up? With more TV interviews coming, maybe he was throwing us long time shareholders a bone. Unless we break out over a buck, I don't plan on selling over the next year or so.
https://www.civilized.life/articles/states-most-likely-pass-recreational-marijuana/
Marijuana stocks next year will be the hottest sector.
NEWS OUT!!!
Additional financing... additional projects in the works...recap of televised interview -
http://ir.agritekholdings.com/news/releases/agritek-holdings-inc-announces-300-000-cash-infusion-on-heels-of-ceo-b-michael-friedman-s-appearance-on-fox-business-network-new-to-the-street
I seriously doubt 95 million homes are tuning in on a Sunday afternoon. That said, I would hope our CEO would release a transcript of the interview so new investors could read it.
There was a taping of a show back in June. Don't know if this is a new show or this one. Many of us old timers here discussed it then. -
https://www.otcmarkets.com/stock/AGTK/news/-quot-NEW-TO-THE-STREET-quot--Features-Financial-Gravity-Companies--Inc---FGCO---Bigfoot-Project-Investments--Inc---BGFT---The-Original-Grilled-Cheese-Truck-and-Health-E-Habitats-on-Fox-Business-Network-TV-Saturday--June-24--2017?id=162947&b=y
Go back and look at a 5 year chart or longer. Notice how quickly it moved from where we are now to a dollar.
If you're buying AGTK for a day trade (or week trade), you may as well spend your money on roulette in Las Vegas. This company may take 6 months to a year to play out.
If you're buying AGTK for the Sunday interview, forget it. That's not where you will make money here.
If you're buying AGTK for the potential marijuana business run up and can afford to hold over the next year, there you go. You have a company selling at a penny or two with a real business plan.
These are some of the reasons to buy and hold -
1 - bought and are beginning to develop 80,000 acres for marijuana production in Colorado
2 - 25000 acres being developed in Puerto Rico with a 5 year partner
3 - Foot in the door with a property purchase in Canada. Canada will nationwide legalize marijuana in July 2018.
4 - marijuana products already being produced and beginning revenues from sales.
5 - A new (yet to be released news) development in Washington State that we should get details about soon.
These are developments in their initial stages. They have a business plan in a growing (one of the hottest) business.
....and we're still awaiting a news release on this teaser from the CEO shareholder letter on Aug.15th -
"a newly executed Letter of Intent for an additional operations agreement in Washington State with one of the largest licensed operators with revenues in this highly favorable jurisdiction"
(3rd paragraph down) -
https://www.otcmarkets.com/stock/AGTK/news/Agritek-Holdings--Inc--Announces-Timely-Filing-Of-Second-Quarter-Financial-Results-For-2017-And-Provides-Shareholder-Update?id=167325&b=y
"WITH ONE OF THE LARGEST LICENSED OPERATORS WITH REVENUES IN THIS HIGHLY FAVORABLE JURISDICTION" (note the words - licensed and revenues)
Quote from the CEO -
"This will be the first of multiple television shows featuring Agritek Holdings on both the Fox Business Network and ION Television."
https://www.otcmarkets.com/stock/AGTK/news/Agritek-Holdings--Inc--Announces-Feature-Interview-As-Public-Cannabis-Company-Appearance-On-Fox-Business-Network-August-20--2017-On-New-To-The-Street?id=167558&b=y
Been here 8 months. Plan to hold into next YEAR!
If those land rents pan out like we hope, it could be much higher than .20 by January. I'd agree that .03 would be a nice short term target to build a base. Then lift off heading off that level.
OMG! Over 1 MILLION shares on the bid at .02!
Good...volume continues to sizzle as more weak holders take profits. Agritek built a nice support level the past 2 months in the 1 cent range so I can't blame them for taking a nice profit here. They will kick themselves though when Agritek hits 50 cents or higher a year from now. We should see a volume and price increase Friday afternoon heading into this weekend's Fox Business Channel interview. Monday could spike higher yet.
5.5 Million shares traded in less that an hour! Flush those weak shareholders out. 5.5 million shares going from weak hands to stronger holds.
yep - have to flush out the profit takers first from yesterday's 44% rise. This is going up.
Wow! Thanks for that. August 20th is on a Sunday. Monday should be a booming day for Agritek with many new investors just learning about the company.
Cgert - ResearchDD told us multiple times that AGTK would not hit .02 ever again.
California is going to be a huge market starting in January 2018 when marijuana becomes legal there. Canada is going to be much larger and marijuana becomes legal throughout that whole country in July 2018. Even with today's volume, our little gem here is relatively unknown yet. Agritek should run up before both events next year. I still believe we are 2-3 quarters away from a massive breakout here. Great time to load up before Agritek gets discovered.
Here is an interesting article on Canada's coming legalization. Hopefully the United States will also look at the data that shows the relationship between opium and marijuana in treating pain -
http://www.thecannabist.co/2017/08/16/opioid-crisis-marijuana-canada/86212/
Did you notice this tidbit from today? -
"and a newly executed Letter of Intent for an additional operations agreement in Washington State with one of the largest licensed operators with revenues in this highly favorable jurisdiction, there is still much work to be done, but certainly an exciting time for Agritek Holdings Inc.," further stated Friedman."
From the 3rd paragraph down in today's release -
https://www.otcmarkets.com/stock/AGTK/news/Agritek-Holdings--Inc--Announces-Timely-Filing-Of-Second-Quarter-Financial-Results-For-2017-And-Provides-Shareholder-Update?id=167325&b=y
I believe we should get a news release on this shortly.
Revenue still went up 8 fold....from $3000 to $24000. Now if we can do another 8 times this quarter will take us to about $200,000. Hey, it's a penny stock! I can Dream!
But you're right about the land revenue.
pcunited - You'll probably see more states on the ballot in 2018 with this being an off year election, although a handful could be on in 2017. Marijuana is legal in California coming in January 2018 so the momentum for marijuana stocks will continue past November. That's a big difference from the runup in mj stocks last November. Next July, marijuana becomes legal in the whole country of Canada. That will be a HUGE market. I'd agree with the poster a few days ago who said we are probably a few quarters away from a massive move. Of course by then you won't see Agritek trading at a penny. AGTK has formed a nice base here over the last few weeks and appears like it wants to launch higher. Still time to load up.
Well, they filed on schedule. Off their just released 2ns quarter filing -
"newly executed Letter of Intent for an additional operations agreement in Washington State with one of the largest licensed operators with revenues in this highly favorable jurisdiction"
"The Company is expanding throughout
California, Colorado and Puerto Rico and presently intends to bring its’ array of services to each new state that legalizes the use of cannabis"
Revenue $24000 this qt compared to $3000 last. qt.
I'm not expecting much in this earnings report but it would be nice to be surprised at some revenue starting to come in. I'm in for the long term. California is legalized on Jan. 1st 2018 and the whole country of Canada is legalized on July 1st 2018. Agritek will be much higher a year from now. The stock price at or near 1 penny now is a HUGE buying opportunity to hold long term (year or more). The CEO stated not long ago that the price now is way undervalued. A stock that begins showing a steady revenue stream in a growing industry and trading at one penny is a crazy bargain.
Not a big difference between .011 and .0105 at this point if you believe it's going up.
"It's unfortunate that he will probably make more than most of us after all his sh!t talking (and buying)."
No he won't. He'll sell for a few tenths of a penny and miss the big run up.
Research said over the weekend that he was done bashing this stock.
Here's some good news finally
http://reason.com/blog/2017/07/27/rejecting-sessions-plea-senate-panel-vot
AGTK is NOT in the same boat with these scams you mention. The big difference is that AGTK is fully up to date with all SEC filings. Load up before Jeff Sessions leaves.
BOARD WARNING!!!!
Don't pick today to sell. MM's trying hard to accumulate cheap shares today before Jeff Sessions resigns or is fired.
NITE has a bid for 841,000 shares at .010
BOARD WARNING!! He also thinks he influences the stock price. Ha Ha Heeee