Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Less than 2 weeks till we see the super 8Ks everyone.
If we see impressive sales and a promising growth this will sky rocket.
Remember 550K revenue in the last half of 2018,
There very first year in business.
Yea this is lots of good updates for a penny stock
Damn, increasing the honey oil production by threefold.
So they will be able to make 6-12L of honey oil per day.
"Honey Oil sells in the wholesale marketplace at approximately $6,250 to $8,800.00 per liter."
If they can manage to sell 9L worth of honey oil a day at $6250 they'll be raking the cash in.
Look at that volume. Most we had in months!
We might finally break out of this range
That 10Q was for the quarter up to June 30th. The deal closed July 10th.
This isn't the financials for GBI, it's for IGNG still.
GBI has until Sept. 23rd to release the consolidated financials which will include their revenue.
Because IGNG has no revenue.
With the new share structure the market cap is listed at $37M on the OTC site.
Hopefully when they release the financials they can prove they're atleast worth that.
Yea, this one is a huge gamble basically. Two of the highest risk markets.
I see federal cannabis legalization coming near and as long as they show promising revenue improvement should turn out good.
As for the dominion smart scan tech, that's basically a shot in the dark.
Hasnt been a update on FDA submissions since July 2018.
When is their 8K suppose to be filed?
We should be seeing that 8K in the next couple weeks I figure.
No, not yet.
Sweet, they're going to release more edibles in the next 45 days as well.
That will be the 8k financials eventually when they release them.
They should be good this year but they will be great in 2020 when the honey oil lab is up and running full production and the greenhouses are fully operational.
That was a good pump n dump lol.
After the time and money they spent working on IGNG the most that'll come out of LVCA is a clean up and sell.
So Bradley yourist owns LVCA and IGNG. Why does he need 2 shells?
They're much further along with IGNG.
What's in the works with LVCA?
Possible clean up and sell the shell?
What's going on with LVCA? I thought that deal was dropped? They had
"Grapefruit’s plans include an indoor 22,000 square foot multi-tiered canopy and adjoining tissue culture rooms. The canopy will produce thousands of pounds of the highest quality indoor cultivars of cannabis annually."
"Honey Oil sells in the wholesale marketplace at approximately $6,250 to $8,800.00 per liter. Pricing is dependent on quantity purchased as well as other market factors such as the availability and cost of the underlying trim – the raw cannabis material from which Grapefruit produces oil. Grapefruit began extraction operations in May 2019. Plans are in place to expand production through the purchase of additional extraction equipment which we expect will to allow the lab to produce two (2) to four (4) liters per day of finished Honey Oil by the end of 2019. Grapefruit chose to set up its extraction laboratory in the City of Desert Hot Springs because the City does not tax the manufacture of oil by Grapefruit at its Desert Hot Springs extraction facility, thereby providing Grapefruit with an additional competitive advantage."
From honey oil sales alone lowballing it they could make 4.5M a year.
"The location within Coachillin allows the Company to apply for and hold every cannabis license available under the California Cannabis laws."
"The Coachillin’ property owners association, which Grapefruit is a part of, will feature a unique drive through retail cannabis dispensary right off highway 10 on the way to Coachella and Palm Springs. Grapefruit will have the right to sell its cannabis products directly to the public through the drive through dispensary. Coachillin’ will also feature a cannabis hotel and music stadium and other visitor areas. By Grapefruit locating in Coachillin, the company gains instant exposure to thousands of hotel guests and other cannabis visitors that will visit the Coachillin’ cannabis friendly resort over time. Grapefruit believes that the canna-tourism industry will mature to be similar to the wine industry and can capitalize on this industry by virtue of its location within the Canna-business park."
This looks pretty cool actually. It's basically a weed resort on the way to Coachella. There was on average 250,000 in attendance at Coachella in 2017 and 750,000 in 2018.
As long as they follow through on all their plans I would say this stock should do well in the future.
And as long as we dont get greased with dilution into the dirt I would say we should be fine.
The cannabis banking bill should take place in the fall allowing cannabis businesses to access banks and receive funding.
So no more greasy deals through investors.
Might be awhile but miswel sit back and accumulate while it's low.
Oof that's alot of shares. Well fully diluted theres still only around 50% of those in the float. The rest are owned by Yourists and a bit for Hollister.
Most up to date info is usually posted direct on the OTC for this.
Over the Last week we've been picking up on bid buyers. Looks like the bottom in and it's ready to go for a run with some news
On what?
Yea I'm excited to see how these financials are going to look within the next year. These guys are going to be big.
Financials eventually and S-1 form are basically the important upcoming ones.
They have to dole out all the new shares from this share exchange agreement.
And people need financials to get a idea of what these new guys are even cable of.
Was hoping for something new lol.
Atleast it's all legit with the SEC now Haha.
Rockets getting primed for lift off as long as this 8k comes like they said.
All ask slapping the last 2 trading sessions and increasing volume.
Depends how the filings look.
I would say they're definitely worth more than a 5M market cap
Unsure about the institutional buyer. Considering it was only 100k volume I doubt a Institution bought just $8k worth lol.
The 8K will show us what kind of revenue they can pull in as well as their financials.
Currently we know nothing about what GBI makes or has cash wise besides they made 550K revenue last year.
Finally some filings lol.
Tomorrows Friday boys, let's see if they live up to their word.
"We expect to complete all formal steps to finalize the acquisition this week. "
I'm hoping that they start to put some of these filings out by the end of the week.
The last filing was their 10K with blurbs about grapefruit acquisition.
Yea.. so hopefully this week they'll get the filings in like they say.
I was wondering why it was taking so long so long after they "closed" a month ago.
Might not do much, its positive news that this debts getting wrapped up and they're finalizing the acquisition this week.
Another 6 Million shares out isn't a big deal.
I'm assume they're just going to throw a whack of filings out when they file the 8K.
Symbol change, share exchange, 8K.
https://grapefruitblvd.com/rainbow-dreams/
Heres their new vape cartridge line.
They're pretty frequent on updates.
Just not the updates everyone is looking for.
Forever waiting lol
Not sure because the share exchangement hasnt taken place yet.
So this rainbowdreams shit they got posted on their website is going to be their vape brand and will be rolling out this summer.
They stated more news will be released this summer.
So expect a 8K and news on upcoming projects to come out in July or August.
Its summertime so dont expect huge progress, everyone's taking vacation lol.
No risk no reward