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Thanks for taking time out of your day and telling us. LOL
MJTK
Not very honorable of you. Doesn't shock anyone on this board. Looks like cheerleading will be your next game.
OWCP
And your telling us why?
You can edit your post at any time...Of course you will probably play it down...LOL... Next...
MJTK baby!!!
Yet you continue to post!
LOL. Love the scare tactics.
Welcome back THG!
You need to learn Patience(especially in biotech) or learn when to get on the bus and when to get off...GLTU
What do you expect from a pink co. Should of kept you OWC* shares... Oh well...
Those are trades between MM's only...Not retail...
MM's positioning themselves before the next run-up...When one sells shares then another buy's them...GLTU
MJTK
I see you keep showing up to warn us....Why? Too funny....
MJTK
Screen shot or I(we) call BS. LOL
ICNB
Seriously....
The stock was oversold and the charts said it was time to sell and take profits...You know this...So quit already as everyone here knows what is happening...And that is that the stock continues to add shareholder value over time...
All stocks go up and down...Its when one gets on the bus and gets off the bus is how profits are made...
You need to do better with your analysis...
SIPC
But "you" guys still come here to tell us its garbage...Why? LOL
MJTK
sworn to secrecy... then why did u mention it... I call BS!
If he's dumping then someone's buying.
If MJTK is so bad then quit wasting your time posting here! You have nothing better to do with your time...
What's the point?
All one needs to do is check his post history to know what he is all about...LOL
RSII
Your thoughts as to why the sector is being hammered?
RSII
Your thoughts as to why the sector is being hammered?
RSII
How's Rsi* doing?
OWCP
I love your facts: "probably" diluted.... Too funny
And as Joe Tait would say, "Wham with the right hand"! LOL
what the heck just happened! .0272
Gaps need filled!
WOW... THAT WAS CLEVER.... LOL
WOW! LOL Ok then...And yes I have a position here...
You can't just say that without an explanation as to why...
GOOD READ:
This was posted a year ago(not by me), enjoy...
Last week I had a conversation with one of the founders of MJTK. For context I’m very active in the tech startup space and through my network I got connected with these guys. I did not contact them under the pretense of being an investor.
I discussed with them Citizen Toke and to a lesser extent Kush Moji (a separate company that has close ties to MJTK), the origins of both, progress to date and the forward looking opportunity. I did not discuss any details about financing, the stock, share structure … etc.
Opportunity: limited and antiquated marketing tactics for dispensaries
Dispensaries are becoming densely populated within legalized cities, resulting in elevated competition and fragmentation. While the dispensaries are incredibly profitable, they are extremely limited with the means to market themselves and create a brand for increased growth. The two dominant channels for customer acquisition (Facebook and Google) have both excluded any service for cannabis related companies. The net result is that dispensaries heavily rely on paper flyers for new customer acquisition. Paper flyers. In 2017.
With this in mind, MJTK is developing platforms and tools for dispensaries to effectively market and drive customer acquisition, in a highly competitive and profitable space.
Citizen Toke’s value proposition: rich, time-based and geo-targeted deals
Citizen toke creates value for customer establishing a central destination to find engaging, rich offers that are geo-targeted and time limited. Think gamifiied version of Groupon for MJ deals.
Unlike Groupon, however, Citizen Toke won’t require a massive operations team to create and publish the deals. MJTK provides the dispensaries an admin tool where they can create and schedule these deals. This platform is also designed to scale quickly across cities and states.
Traction to date
First, I’ll start by saying growing two sides of the market is one of the most challenging (and lucrative) business models to establish. To this end they’ve already made impressive progress. My contact could not give away the actual number of dispensaries and customers signed up to their beta, however, he did say based on the numbers he’s looking at the company will be profitable day 1.
Important to realize how significant this is. I don’t know of any tech startup that’s profitable in such an early stage. Amazon is yet to turn a profit, but their continued growth and trajectory give them a huge multiple. My startup is probably 5 years from being profitable, but we’re backed with millions from top tier VCs. The fact MJTK can be profitable so early with a tech solution in the emerging MJ space is fantastic.
When I asked how many customers have signed-up my contact just laughed and said those numbers were confidential and couldn’t provide, but he did add that they were ecstatic about the volume of sign-ups to date. Additionally, he commented that Citizen Toke is one of those rare products that just has immediate appeal and traction. Apparently, they’ve been swamped with tremendous interest not only from customers, but also from partners and institutional investors.
As for the dispensaries, they already have all the top ones lined up within Denver and that’s where they will concentrate first. After a few months they’ll begin their expansion to other cities. Again, with their platform in place they should be able scale and expand quickly.
I further inquired about any partnerships / influencers he can speak to that might be interesting to work with. He wouldn’t say explicitly, but was extremely giddy. He said they have some amazing connections in place with very well known names. He kept saying “I wish I could tell you. It’s just killing me I can’t.”
Need for investment:
I asked if they would be looking to get more investment to fund the growth efforts and if there was any way I could involved as an angel investor. First, he kinda chuckled and said they’ve been getting a tremendous amount of interest from investors, but they’re fine on capital at the moment. He also said I could buy the stock on the OTC and pointed me in the direction of Kush Moji, should I want to be an angel.
I obviously knew the stock was available on the OTC, but just wanted to see what his response was to getting additional investment and capital. I was very pleased to hear they’re focused on the product, have capital in place to fund their business and that they are not looking for more funds at this time. I read from this as focus on growing a responsible business that is shareholder friendly.
Development on product:
Currently, the team is working expeditiously on the development of their platform, and getting it to point where it can facilitate scale. Remember, this isn’t just a website or a low fidelity prototype. Developing production level code for high-volume traffic / transactions is a time consuming build. They expect to have this complete in a couple months.
Side note: Patrick Burke (who was also the product manager for Kush Moji) has been spending time on working on both companies, but is now transitioning full time to Citizen Toke, given the demand and traction.
Investor update:
I mentioned (casually) that I took a peak at MJTK while we were talking that it appeared some investors are getting anxious about not receiving an update. He essentially said, yeah we understand. They’re working day and night to launch the product. That’s their #1 priority. He said an update will be given soon, but apparently they’re just waiting for something to be confirmed. Not sure what that is, but it sounds like a PR should coming imminently. When speaking on this topic he also emphasized their focus is building a sustainable and successful business. They’re not in going to throw out updates and PR frivolously.
In summary:
Dispensaries, while highly profitable, are eager to drive further customer growth but are extremely limited in the ability to do so. Citizen Toke addresses this need and is well positioned for immediate and explosive growth through it’s unique value proposition, partners, and early traction with both customers and dispensaries.
The company is investing time and resources into building a solid and scaleable tech platform – with this in place they will be able to scale the business rapidly.
They have a lot of users and dispensaries already lined up. The business is real and the team does not appear to be interested in driving up hype only to dilute. These guys are hungry and want to develop a truly great product for the industry. This is also a highly profitable business to be in.
Update from management should be coming soon! Exciting times here. We’re in the ground floor and doors for business will be opening very soon. When this launches it is going to be explosive.
Call the company and ask them!
Why not call them and find out...
Then don't breath!
How hard can it possibly be to add Dr. Zeevi to their new site? Push a few buttons and done. Im really starting to question this company....
Waiting for a new picture of her sounds like more excuses to me...I mean seriously...A picture... If it takes them this long for a picture I can only imagine how long everything else will take. What a bummer with this company! I am so sorry for recommending this to family and friends....
I only have one post per day.
Your so full of it... your not even funny anymore...
says the 33 post guy. LOL
Thanks! I am not a chartist, but it looked like a gap too me. Maybe I was lucky with what I saw and thought it was a gap:( Anyways, I bought more at the so called "gap" and am glad I was lucky enough to think it would happen. Love your posts BTW!
Like I said... The gap at 2 is filled... Now we move north once again...
what about the gap at 2.
**NEWS BREAK**
Why does someone post here with garbage and false narratives... To garner the cheapest shares possible before the next run up...