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Article is a year old. Doesn’t seem to have made much progress yet after the mid-term elections ousted Pete Sessions. Wonder if he plans to support it this term or if/when he gets re-elected?
I agree they shouldn't have an impact on cannabis "products", but they can and do have have an impact on the actual investors, regardless of what they are invested in. Fear and talk of recessions lead to some (weak) investors to starting to sell out of their more speculative stocks (cannabis) and putting their money into "safer" investments such as bonds. Depending on the pace of the sell off, next thing you know stops are unexpectedly getting triggered increasing the amount of selling and leading to further drop in share price. Then the fear starts to subside and things settle down and maybe the share price starts to catch back up. Just the way the markets work.
Aurora was down with the overall market and I'm sure a lot of it was due to trade concerns around Mexico tariffs and the US/CAN/MEX trade deal which hasn't been finalized yet. Some of those fears are subsiding with US/Mexico talks and Republicans coming out saying they don't support it. Then throw in the Fed talking about cutting interest rates and the markets and Aurora are moving back up.
Trade fears after Trump announce possible Mexico tariffs that may impact the US, Canada, Mexico trade agreement which hasn't been finalized yet.
So using your logic - Apple is a fraud as well since they dropped $14.83 on a single day in January 2019 and over the same three month period HEXO has dropped $2 a share AAPL has dropped about $30 a share.
I don't think so. In the news release it says ACC is a group of privately held companies.
About the ACC Group of Companies
ACC is a group of privately held companies that have held indoor cannabis cultivation licensing in the State of Nevada since 2014. Primarily located in Las Vegas, Nevada, ACC prides itself on its expansive collection of premium cannabis cultivars and its innovative seed genetics program.
I understand the "big" news is the consolidated ProForma $4 mil, but nobody seems to be mentioning the 10Q shows Net Sales only grew $1,000 to $9,000 for the quarter. So all these partnerships still aren't generating any sales revenue for VERB. Still looks a lot like wishful thinking to me.
I think the catalyst that will start moving this back up will be positive news on how CRON is using the Altria money. Until that happens we may see this continue to slide.
* CRONOS GROUP INC.(CRON) ANNOUNCES FIRST QUARTER 2019 RESULTS
* CRONOS GROUP INC(CRON) - CRONOS GROUP CLOSES C$2.4 BILLION STRATEGIC INVESTMENT FROM ALTRIA GROUP
* CRONOS GROUP INC(CRON) - NET REVENUE WAS $6.5 MILLION IN Q1 2019, REPRESENTING A 120% INCREASE FROM $2.9 MILLION IN Q1 2018
* CRONOS GROUP INC(CRON) - 1,111 KILOGRAMS WERE SOLD IN Q1 2019, REPRESENTING A 122% INCREASE FROM 501 KILOGRAMS SOLD IN Q1 2018
* CRONOS GROUP INC(CRON) - QTRLY EARNINGS PER SHARE $0.48
May 9 (Reuters)
Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
But until it's a FACT that VERB interactive software can generate revenue on it's own this isn't going anywhere. It doesn't matter how many "partners" they have on board.
Why Canntrust Tanked
https://finance.yahoo.com/news/why-canntrust-holdings-stock-sinking-160828567.html
Also from Motley Fool
CannTrust's cash raise is a bummer
Finally, shares of CannTrust Holdings dropped 13%. The Canadian cannabis company priced a previously announced secondary offering of stock this morning, but demand among investors was so weak that it had to cut its price by more than 15% compared to where the shares closed on Wednesday night to get the deal done. In the end, CannTrust sold 30.9 million shares at $5.50 per share, with current shareholders adding another 5.45 million shares to the sale. Although that'll give the marijuana company about $170 million to use toward expanding capacity, it comes at the cost of dilution for CannTrust's current shareholders.
Yes I believe one of the drivers for todays drop was the pricing of shares in the CTST offering coming in below the current PPS. Most Canadian and US stocks in the sector are down today.
Yes the SC revenue is apart of VERB revenue. With all these VERB partners, if the VERB side of the business doesn't show a significant improvement over the peanuts they've reported in the past, IMO this will quickly drop back below $1.
At least not anywhere positive, may be back in the $4 range by July.
Starting to think this thing is going nowhere.
Think it’s tied in to the accelerated expiry date and a deal to work together. This is from the 4/16 SC14D
1F/A filing.
On March 4, 2019, Competition Act approval was obtained in respect of the Offer.Since the filing of the Original Offer to Purchase and Circular, GGB and Aphria have engaged in a number of discussions to determine if a friendly acquisition transaction could be agreed to between the parties. These discussions were not successful and no agreement resulted. However, following from such discussions, GGB and Aphria determined that, in lieu of proceeding with the Offer for an extended period of time, it is in each of their respective best interest to proceed with an alternative transaction (the “ Alternative Transaction ”). The Alternative Transaction consists of the following three principal components, which are conditional on each other: (a) the acceleration of the expiry of the Offer; (b) the termination of the option and the promissory note (the “ Option ”) of GA Opportunities Corp. (“ GAOC ”) in favour of Aphria and the concurrent repurchase for cancellation by GGB of 27,300,000 GGB Shares held by GAOC (the “ Share Repurchase ”); and (c) the agreement of GGB and Aphria to, within three months of the completion of the Share Repurchase, enter into good faith negotiations to conclude a commercial arrangement involving matters related to research and development, licensing and/or distribution (the “ Commercial Arrangement ”).
In connection with the termination of the Option and Share Repurchase, it is anticipated that: (i) GGB will provide GAOC with $89.0 million in consideration, payable through a combination of a cash payment of $50.0 million and delivery of a secured promissory note with a face value of $39.0 million (the “ GGB Promissory Note ”); and (ii) GAOC will provide Aphria with $50.0 million in cash consideration and would deliver a promissory note to Aphria with a face value of $39.0 million payable promptly following the payment under the GGB Promissory Note. GGB currently intends to fund the Share Repurchase through a combination of the issuance of the GGB Promissory Note, the sale of the 3,000,000 Aphria Shares it beneficially owns (to be completed once the GGB Offer has expired) and the exercise of certain previously issued warrants.
I have Office 365 (Version 1903, Build 11425.20228). Just checked to make sure there weren't any new updates. Then looked in Publisher, Powerpoint, Word. I don't see any Verb functionality.
That's the way I understand it. Do nothing and Aprhia moves on after the offer expires. If you're in favor of the GBI takeover then take action tender your shares.
Great minds think alike lol. Posted this as I was still trying to type mine up on my phone and make sure all the spelling was correct.
So the yield sign is up and we show as having a "Prohibited Service Provider" due to having a listed attorney who is marked as prohibited by the OTC Markets Group. It's interesting that the Attorney Letter wasn't filed with the Annual Report. WSRC's attorney, Don A. Paradiso, was added to the prohibited list on 4/15/19, the same day the Annual Report was filed. Possibly there isn't an Attorney Letter (yet) because they just discovered this and may be in the process of having a different attorney review the report and submit the letter.
I wonder how much VERB paid for that
Wonder how low this is going.. Got shortly after it listed, but seems to be nothing but down since they reported earnings.
Good luck with that, at least until they produce solid revenue from the TAGG side and can sustain a share price worthy of a split. They do a forward split without being able to hold the share price and they'll be back on the OTC in a quick minute.
I'd rather see the PR on Monday with number of cans sold opening day if indeed they were selling.
Yea VERB doesn't show through Fidelity yet either
Then you have to wonder how the big corporate money will be able to get on board when there aren't may shares in the float.
Just wait until the next quarterly if VERB doesn't show some significant revenue beyond the Sound Concepts piece. If all of these "paper" partners don't produce this will be back under $1 IMO
Magic 8 Ball says “Highly Doubtful”
Nope, they are on the north side of G Road at 3572. Plum Daisy and WCFI are on the south side of G road at 3573. 3571 on the west side of 3573 doesn't list a business, so maybe not related to Plum Daisy and WCFI at 3571
Yep that mobile home might be sitting at the front of the property (you can see it in the street view), but that isn't all that shows up on the satellite aerial view when you look at that address on google maps.
The property is fairly large with two more large buildings behind that trailer and what looks like 2 semi trailers parked by them and then the farm land behind those buildings.
It's also possible the buildings to the left (1 red roof, 2 grey roofs and the brown roof) along with the adjoining farm land are all part of the same operation based on the access road at the top and the dirt roads in the fields.
This could easily be 15 acres or more.
Maybe you should look at this address:
3573 G Road, Palisade, CO 81526
This is the address for Western Colorado Farming Initatives (WCFI), which is listed in the Sept '18 Quarterly.
"WCFI is not only in the industrial hemp cultivation business, but also in the extraction, post-extraction and processing business under certification by the Colorado Department of Agriculture."
Works fine if I start from plumdaisy.com and not the link you provided.
Sales of C$16.2Mil comes up short of analyst expectations. Net loss C$25.5 or .26 per share.
Down $1.14 on NYSE in the pre-market.
Medical was already legal in Florida, you just couldn’t smoke it until now.
Medical was already legal in Florida you just couldn’t smoke it until now.
Depends on what type,of cease trade order you’re asking about. The way I read it, Namaste is asking for a management cease preventing company officers and directors from trading. I’d say the chance of that happening has to be at least 90% since they are asking for it. Chance of cease trade order for the rest of us, I’ll go with 10%. I see this as a good thing, basically locking up insider shares until complete.
I trade through Fidelity and IGC showed up in Active Trader Pro, my phone app and online just before the open.
I wonder how many who got in after delist for cheap are selling now for a profit.
Yes I saw the same. First phase due Q3 2020 is supposed at 2000KG and 4000KG when finally complete. Couldn't find anything on the terms of the deal though.
Aurora acquires 51% in Portugal Gaia Pharm Lda.
https://www.marketwatch.com/story/aurora-cannabis-to-acquire-51-stake-in-portugals-gaia-pharma-set-up-medical-cannabis-facility-2019-02-26