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Canada Gears Up For Marijuana Legalization in 2017
Canada/U.S. Current Populations vs Full Legalization
325,607,567 Current U.S. Population
36,555,643 Current Canada Population
Canada has only a little over 1/10th the population of the US, but the country is gearing up for full legalization in 2017.
With Canada breaking the taboo and going full out, it should hopefully help bring conservative views in line with marijuana legalization.
Let's hope that all of us that are invested in MJ stocks and like minded companies see a benefit to Canada's bold move.
https://www.bloomberg.com/news/videos/2017-01-03/canada-gears-up-for-marijuana-legalization-in-2017
Canada Gears Up For Marijuana Legalization in 2017
1:21 PM EST
January 3, 2017
In 2017, Canada will become the first G7 nation to fully legalize marijuana use. The stock prices of cannabis companies reveal investors are anticipating millions of users and a multi-billion market.
In terms of how it's regulated, will Canada get it right? Earlier this month, a federal task force made 80 recommendations to the government, among them, setting the age limit to 18. Bloomberg TV Canada's Amanda Lang speaks to W.A. Bogart, professor of Law at the University of Windsor and author of "Off The Street: Legalizing Drugs," and Bruce Linton, CEO of Canopy Growth, Canada's first marijuana “unicorn” after reaching a billion-dollar valuation. (Source: Bloomberg)
The investment houses got free samples of our investments!!!! ;)
As you'll see in previous posts, some odd things happened today that a couple of us saw live but all in all appears was some form of glitch or T-trade and not actually an issue with today's trading.
I had a limit trade in at a low amount. Had the price been actionable, I have to think it would have bought in at that price. I do not believe it was an actual Day Low but instead a glitch that at least Etrade and Schwab showed briefly but did not record.
See previous posts if this seems cryptic.
Take care, Jim
SWEET INDEED!!!
Hi Triple9,
Yeah, you had to see it live.
I had CNBX pulled up on Etrade and the window that shows the stats on the stock (52 week high, 52 week low, Day High, Day Low, etc) suddenly showed a Day Low of $ 1.44. Lasted for about a minute or so and then reverted to Day Low of $ 2.12. And all stats now show the Day Low as $ 2.12.
That was why I asked if anyone else saw it. Midnightmatt saw it live on Scottrade the same way. I had enough time to pull up the day's chart and go back and make sure I was seeing what I thought I was so I would say lasted 1 to 2 minutes.
????? Jim
Thank You!!! I was beginning to question the validity of Etrade.... or if I needed to start using some of the products I am invested in.
Thanks again Midnightmatt! Jim
At around 3pm today, Etrade showed CNBX's Day Low as $ 1.44, which blew my mind, as I had never seen it that low today and couldn't figure what would have taken it down so low and brought it back up.
A couple minutes later the Day Lo changed to $ 2.12 and has remained there.
I have seen a lot of comments about T Trades and amounts being lower than expected. Did anyone else catch this momentary Day Low listing and does this have anything to do with the other glitches being discussed?
I am beginning to think Etrade has something going on. For a brief time a few days ago, over $ 5,000 left my Cash holdings in my IRA, and then returned. Either I am getting high trading pot stocks or some odd things are going on!!
Please advise if anyone saw the $ 1.44 Day Low
Thanks, Jim
I agree that I cannot figure how their cash on hand has remained so low when the stock has gone through the roof.
Most of us have made as much or more than they are claiming to have on hand.
I would think some of the jump in stock value would be shown in the company value in their filings.
Sorry if by stating the site had been down I seem clueless. I did not check before posting today but have had repeated problems getting into the site recently.
Based on your post, I went to the site, which was up, and I copied the Wana Caps description right from their site:
WanaCapsXR are the world’s first extended release cannabis capsules. WanaCapsXR are the results of a partnership between Wana Brands and Cannabics Pharmaceuticals, a Cannabis medicine focused pharmaceutical company with R&D facilities in Israel. Cannabics developed and patented the extended release formulation, and on the basis of strong observational studies, is about to conduct a full clinical trial with cancer patients at Ramban Hospital in Haifa, the largest medical center in northern Israel and the fifth largest in the country.
Cannabics’ patented extended release formula is unique in its ability to release cannabinoids over a longer period of time than traditional capsules or tinctures. They come in three different formulations that vary in terms of the ratios of THC and CBD. Each vial comes with 10 capsules and each of the capsules has the following ratios and potency:
WanaCapsXR High THC —10 mg of THC, 1 mg of CBD
WanaCapsXR 1:1 Balanced Formula-10 mg of THC and 10 mg of CBD
WanaCapsXR High CBD—10 mg of CBD, 1 mg of THC
Q: How does the extended release formula work?
A: The capsules contain two types of oil-based compounds known as “fractions.” The fractions bind with the cannabinoids in different ways. The first fraction is highly bio-available and provides a quick onset of the therapeutic effects, generally within 20-30 minutes of taking the capsule. This first release of cannabinoids lasts for up to six hours. The second fraction then takes effect, releasing the remaining cannabinoids gradually for a steady, long lasting experience.
Again, sorry that I was using long term headaches with getting into the site as a concern. I have been studying CNBX for 3 years and been invested in it since July 2015, so my comments are long term.
Jim
Beenfatt, they already have, but here is the scary part of that: Cannabics partnered with a Colorado company, WANA, to create Wana Caps.
Wana Caps and their brand Wana RX were great early on about getting back to emails, etc.
Now, they not only do not answer emails, their website pages (Home, Contact Us, Products, etc) do not come up.
So, their one known U.S. partner is suddenly off the grid and now answering emails, etc.
I love CNBX, I am hugely invested in it, but it does bug me that the one product they could point to that was actually on shelves, seems off the grid.
The recent 5mg pill that was just announced does give them another product to tout, but I do not know how long it will be until that product is actually being dispensed to customers.
If anyone can shed light on WANA, their situation, etc I would greatly appreciate it.
Thank you for reading!! Jim
Very Happy!! Got another 100,000 at .018 at 3:06pm and it went up enough by close that I already made $ 160 on it today.
Wasn't sure it would go that low but took a chance and very happy!!
Take care, Jim
Yeah... So if you could just go ahead and smack talk this stock down to .018, that would be great. I am in to buy another 100,000 at .018 today and I will just clean up those extra shares for you. Oh, and uh, I'm gonna have to take this stapler back. Thanks.
IndianaUSA: I am long at 100,000 shares and had put in a buy for another 100,000 had this dropped to a certain level before two today.
My current big runner (a ticker that starts with a C and ends with an X) I did 3 to 6 months of research on and finally bought into it in July 2015. It has made me about $ 60,000 since October.
I am looking for this stock to make me at least $ 100,000 to $ 200,000 and will give it a couple to three years to do so.
So yep, long and buying when the price is right!!!
Yes Tradingtrader01!!! I was suddenly in the red and then back up over $ 300 in a matter of seconds!
When I read John LeFevre's "Straight To Hell" about his years as a trader in the states and overseas, he said that companies/banks would order a very brief drop of a stock to allow a cheaper buy in and that regardless of what people think, they did all kinds of crazy stuff to please companies and that that was what wrecked our markets.
I am surprised it was only 500K if it was for something like that, but still wonder if what we saw as a quick, cheap sell was actually a quick buy as well.
????
Thank you for your homework Midnightmatt!! Your posts on CNBX and other topics are spot on.
Today I was able to get in to V... that you recommended on 1/25. (Got 100,000 shares at .0212). And of course it is now up!
You were able to PM me but you show having a free account like mine. Please advise (by PM if wish) how you are doing that, as I wanted to reply to your 1/25 PM but could not without cost.
Thank You Again!!! Jim
Thank you for sharing Goat_1!!!!
A reply to the information in the link: As of November 30th, CNBX had $282,959 in assets, not $ 20,000 as the link claims. The $ 20,000 amount was actually a little over $ 23,000 back in August before the stock erupted.
I will agree that I am shocked, considering what most of us probably made off of CNBX in October alone, that CNBX's total assets as of Nov. 30th were $ 282,959. I would think they, like us, would have benefited from the rise in their stock value and that that would be reflected in their assets.
Anyone know of a reason why such a rise in stock value would not have propelled their value much higher?
At any rate, lower than I'd expect but not as low as advertised in the supposedly researched link.
Take care, Jim
My Bad: As of 12/27/16 the audit is due to be completed "over the next several months".
Other companies have spent 18 months or more getting their books in order and even re-loading their board of directors to appear better suited for the market, so when I saw 2 years, I took it to be the time they expected to be ready to present.
Sorry and very glad it is due much sooner!!! Jim
http://www.marijuanacompanyofamerica.com/news_press/C/2016/12/27/Marijuana-Company-of-America-Has-Engaged-Auditing-Firm-to-Prepare-for-Move-to-Fully-Reporting-Public
To compare, in the food business, lower "ingredient" costs do not mean a drop in profits, it typically means a rise.
I can understand where the fear of cheap supply could be a concern, but in the end, profits are what make a company money, and if they put out one of the best products while paying less to make it, they should actually benefit from the lower prices.
Again, due to competition from illegal sales, etc, there could be a supply issue, but all in all, less expense to create their products should help if the company is doing things right.
The audit timeline given was 2 years. The main thing to keep in mind during that time is what they do as far as announcing product in the pipeline, product in the marketplace, etc.
While waiting for similar reports, other companies have grown exponentially due to product announcements. Below is one of the articles stating that it is a 2 year audit. Would be great if comes in sooner but that is the timeline given in multiple articles.
Take care, Jim
http://ih.advfn.com/p.php?pid=nmona&article=73490743
Have a question/odd occurence for any ETrade Users:
My account was down considerably today even though CNBX had rallied. I am currently only in CNBX and one other stock, which had not fluctuated. And I have not made any changes in about a week.
I do screen shots of the various pages in my account each day so I compared my screen shots from yesterday to today and my Cash Purchasing Power in my one account was down $5,193.97. About an hour later, the $5,193.97 was back in my account. Again, I haven't changed anything in a week or so.
Has anyone ever had this situation? My gains for the day were up $ 2,500 on CNBX's rally and yet I was down, which is what jumped out at me and caused me to do some comparing of my screen shots. And now with the money back in my account, I am way up, even though CNBX and my daily gain have dropped a bit.
Has anyone else had this happen?
Thank you for your time!! Jim
Thank you for the article Midnightmatt!
Thank you also for the PM back on Jan. 25th. I just happened to see it last night but it would not allow me to reply.
I pulled up what you mentioned 1-25 and it had tripled in value, so I appreciate your kindness!!
Jim
Thank You mrscashflow. I appreciate you sharing how your love of investing turned into a shared interest.
Helping him pay for college and setting his mom and him up in case something happens to me is my goal in the short term, followed by retirement in the long term.
Thanks again, Jim
Sorry Humbug, was providing historical data:
My comments and reason for mentioning another ticker was because I have studied the other ticker for coming up on two years and MCOA is performing almost day by day, on a smaller scale, the same as the other stock, which went from 3 cents to around $ 1.50 in late 2016.
In short, I was sharing homework on a comparable stock and figured if I was going to mention data, I should provide my sourcing.
I completely understand not wanting to get off topic and appreciate keeping the board on task. I really was trying to share data that I believe helps support MCOA.
Jim
Picked up 70,000 shares today. My 11 year old got home from school while I was logged in and he wanted to see how a trade executed.
It was sitting at .0717 so I bought 20,000 shares. That put me at 80,000 and after logging off I decided if it was still low, I was going to make it an even 100,000. Got the last 20,000 at .074.
Maybe foolish, but I see .08 as a somewhat common level as of late, and this really is tracking like CNBX, which I have been studying since July 2015, so hopefully even if just goes to .08 it was worth the time.
BTW, CNBX closed at $ 1.05. Was at 3 cents last summer. If MCOA can break out when it hits the board and does anything like CNBX, we should all be happy.
Take care, Jim
Set a Limit Buy over the weekend for .075. Was very glad to log on and see I had picked up another 30,000 shares of MCOA at todays current low of .075!!
I see MCOA trending a lot like CNBX has over the past 18 months and that is a great thing, seeing as CNBX went from .05 last summer to .98 as of today.
Go MCOA!!!! Jim
I want to chart your Sweet 16 and other MJ stocks so I can better see trends, etc. Is there a good, free chart system you can recommend or is everything pay to play? Thanks! Jim
If I get a chance to write a PR Newswire type article I am going to cover the fact that CNBX goes beyond what most are discussing right now, legalization, and takes care of the next step, Human Resources at jobs.
I have a background in HR and 7 of the plants that I worked at would not allow you to have a cooler of beer in your trunk or in the boat you had attached to your truck so that you could leave straight from work for the lake. They flat out did not allow drugs or alcohol on work premises.
Jump ahead to now and beyond: Even when states make taking a 4 hour spray or edible legal, most companies will not allow it, just like they did not allow beer, which of course was otherwise completely legal.
With the 12 hour long release, CNBX is set up to not only be the number one, most convenient edible, it is set up to be the most HR friendly, as you can take it before and after work.
$ 10 a share, oh I hope! My dream price has been $ 50 a share when it is realized that CNBX beats work hurdles that other edibles do not.
Thank you again for the list and all that you do!! Jim
Thank you Captain Scotty!!!! You have a wealth of information on there and I greatly appreciate you getting back to me regarding the list!
CNBX went to $ 1.13 after hours. Back above a buck!!! Fantastic!
Thanks again! Jim
Where did the list of MJ stocks posted around Jan. 18th go?
Somebody posted a list of stocks, and I commented on it that after reviewing the post I bought 30,000 of MCOA.
The list and my reply have both been pulled.
Why are some posts of value pulled while basic "This is going up" posts allowed to stay?
Can we get that list posted again? I'd like to have research like that to refer to.
Thank You, Jim
Thank You captainscotty! I subscribed. Did you happen to come across anything CNBX specific in any of the issues?
I began reading the issue regarding the boom of security companies around the MJ industry but would love to know of anything CNBX related without having to read all the issues.
Thanks again!! Jim
This was posted on E-Trade and at CNBX "NEWS" page.
Cannabics Pharmaceuticals Announces a New Dosage of 5mg THC Cannabis Capsule Treating Cancer Patients Suffering from Cachexia and Anorexia Syndrome
Jan 03, 2017 09:30:00 (ET)
BETHESDA, Maryland, Jan. 3, 2017 /PRNewswire/ -- Cannabics Pharmaceuticals Inc. (CNBX) today announced development of Cannabics 5mg THC Capsule intended for naïve patient who have not tried cannabis in the past.
Dr. Eyal Ballan, Chief scientist of Cannabics Pharmaceuticals stated, "Our mission is to find the right balance between efficacy on the one hand and the elimination of undesired psychoactive effects on other."
The Cannabics 5mg THC capsule is currently being evaluated by the company in a clinical study as a palliative treatment, which is conducted by the oncology department at the prestigious Rambam Medical Center in northern Israel and under strict regulations of the Ministry of Health, by whom Cannabics Pharmaceuticals has been licensed since 2014.
The study is taking place in Israel, it is fully registered with the US NIH under "Cannabics Capsules as Treatment to Improve Cancer Related CACS in Advanced Cancer Patients", Identifier NCT02359123, and may be found at https://clinicaltrials.gov/ct2/show/NCT02359123
"The majority of our cancer trial patients have no previous experience with Cannabis, hence this recalibration of the THC level may be more amenable. We believe there is a significant potential medical market for our 5mg THC capsule in countries that have now instituted medical cannabis regulations," said Itamar Borochov, CEO of Cannabics Pharmaceuticals Inc.
About Cannabics Pharmaceuticals Inc.
Cannabics Pharmaceuticals Inc. (OTCQB: CNBX), a U.S based public company, is dedicated to the development of Personalized Anti-Cancer and Palliative treatments. The Company's R&D is based in Israel, where it is licensed by the Ministry of Health for its work in both scientific and clinical research. The Company's focus is on harnessing the therapeutic properties of natural Cannabinoid formulations and diagnostics. Cannabics' vision is to create individually tailored natural therapies for cancer patients, utilizing advanced screening systems and personalized bioinformatics tools.
Disclaimer:
Certain statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-K Report filed on December 13(th) , 2016. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time.
For Further Information, please contact:
Cannabics Pharmaceuticals, Inc.
+1-877-424-2429
Info@Cannabics.com
http://www.Cannabics.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cannabics-pharmaceuticals-announces-a-new-dosage-of-5mg-thc-cannabis-capsule-treating-cancer-patients-suffering-from-cachexia-and-anorexia-syndrome-300384541.html
SOURCE Cannabics Pharmaceuticals Inc.
/Web site: http://www.cannabics.com/
(END) Dow Jones Newswires
January 03, 2017 09:30 ET (14:30 GMT)
Is this a "gut feeling forecast" or is there something forthcoming in the news that makes CNBX hit the $ 4 mark by 4-1-17?
Always glad to see enthusiasm, love data even more!!!
Thanks, Jim
Thank You for the article MidnightMatt.
Maybe I should be jumping ship, but it gives me a ray of hope to stay in till after the first of the year or longer and see where this goes.
Really considered dropping around 2/3 to get it on this year's taxes.
Woulda, coulda, shoulda as my wife says!!!
Thanks again, Jim
Thank You for the article MidnightMatt.
Maybe I should be jumping ship, but it gives me a ray of hope to stay in till after the first of the year or longer and see where this goes.
Really considered dropping around 2/3 to get it on this year's taxes.
Woulda, coulda, shoulda as my wife says!!!
Thanks again, Jim
One of the most promising things I gleaned from the various sites listing Uri Ben-Or's biographical info:
Mr. Ben-Or is CEO Founder of one of the few financial firms in
Israel to have the International Standard on Assurance Engagement
(ISAE 3402/SAS 70 Type II) assurance with control compliances,
the new global standard for assurance reporting. He previously
served as an Auditor at PricewaterhouseCoopers Accounting Firm.
If CNBX has brought him on because they want to be better credentialed in Israel, as appears may be the case, that is awesome.
If he is just someone that generically handles CFO duties for companies so as to be able to list a CFO, and the previous CFO is jumping ship to get out, then not so good.
Fingers crossed it is to get better credentialed!!!!!!
Jim
So is Uri Ben-Or, with his years of M&A and being at Price Waterhouse, a good thing or bad thing as new CFO?
He is involved with a lot of companies, as noted below. Thoughts???
Jim
Mr. Uri Ben-Or, also known as Kles , CPA, MBA, serves as the Chief Executive Officer of CFO Direct Ltd. Mr. Ben-Or serves as the Chief Financial Officer at Glycominds Ltd., Widmed Ltd., Globalicom-Trade Ltd., Topsin Medical Inc., Solegreen Ltd. (Alternative Name: Procognia Israel Ltd.).
He has been the Chief Financial Officer of Cannabics Pharmaceuticals Inc. since November 05, 2016. He has been the Chief Financial Officer of My Size, Inc. since September 20, 2010.
He provides his services to BiondVax through CFO Direct, a company which he founded and serves as its Chief Executive Officer. He served as the Chief Financial Officer of NextNine Ltd.
He has been the Chief Financial Officer of BiondVax Pharmaceuticals Ltd. since 2007 and served as its Vice President of Finance.
Mr. Ben-Or has over a 20 years of broad experience in corporate finance, accounting, M&A transactions, IPO's and operations. He served as Chief Financial Officer of Therapix Biosciences Ltd. until January 6, 2016.
He served as Chief Financial Officer at InterCure Ltd. since 2013. He served as the Chief Financial Officer of D. Medical Industries Ltd. since February 6, 2013. He served as the Chief Financial Officer of Hadasit Bio-Holdings, Ltd. (Alternative Name: HBL-Hadasit Bio-Holdings Ltd.) and WideMed Ltd. Prior to founding CFODirect, he served as a Vice President of Finance for Glycominds Ltd.
He served as Director of Finance and Administration at Glycominds Ltd. and as the Chief Financial Officer of a spin-off from Telrad Networks, where he led all the corporate finance activities, fund raising and legal aspects.
He served as a Corporate Controller at Menorah Capital Markets and as an Auditor at PricewaterhouseCoopers. He is a Certified Public Accountant.
Mr. Ben-Or holds a BA degree in Business Administration from the College of Administration and an MBA degree from the Bar Ilan University.
I was trying to find the latest 10Q statement and found that they delayed their 10Q on 11/29 but posted that they do not expect any significant earnings difference from previous reports (pasted below).
Of course September through November were huge financial months so I would think the report would be expected to show that.
Does anyone know why the 10Q was delayed? Not trying to be negative, just trying to figure out if the boost in price and news forced them to delay, and if so, is that common when a stock jumps like this has?
I bought in at around 15 cents in July 2015, sold some later at around 18 cents, then got back in at around 5 cents, so my average is around 14 cents a share and have seen huge daily swings, $ 5,000 to $ 15,000 swings some days, but with it starting to level off, I would hope they could put together a report of where things stand with the influx of new money and give us an idea of the actual investment side of it, not just the 2 part report. Maybe that is wishful thinking with the industry being so new.
3) Is it anticipated that any significant changes in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[_] Yes [X] No
Hi Midnightmatt,
As I understood it, the "Apoptosis announcement" was only part of the big December news release.
No bigger of a roll out than it got, I got the vibe it was a tidbit of a bigger report to come. It just didn't have that "this is part 2 of the official report" feel.
As big of a roll out as the September news got, I figured "Part 2" of the report would have a bigger announcement at CNBX's website and elsewhere.
As the month slips away, it makes you wonder.
Hi Everyone. I have enjoyed following here for months and finally took the time to sign up today.
I have the same question I have seen others ask: "Where is everybody at?". I check in daily to see the chatter on CNBX and we are going about a week between posts and I need a fix!!
I am new to the chat side but have been investing for awhile so please be kind as I make this new technological foray.
Merry Christmas, Happy New Year, and Happy ROI to all!! Jim