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It's a disclaimer.
It's a cover their ass kind of thing, in the case that it doesnt go through.
Like when they were saying the deal may never close, then it closed.
It takes awhile for these things to happen.
Took them 81 days to get the deal closed.
Just gotta give it time.
9300$ worth bought at EOD.
https://www.yahoo.com/gma/illinois-set-become-11th-state-legalize-marijuana-151800665--abc-news-topstories.html?ncid=facebook_yahoonewsf_akfmevaatca
Dont worry bud. Marijuana is only going to get bigger from here.
Theres just no volume.
Theres only been like 12,000$ worth of volume today.
1000$ will swing this up or down 10%.
People are just dumping into the bid and somebody is getting cheap shares lol.
What's up with #rainbowdreams under the companies press release section?
Within 75 days from June 3rd.
If it doesnt move after 8k
We gotta wait till weed gets legalized in America lol
Forever waiting lol...
Share exchange taking place now probably.
Yup Haha same here.
I slowly bought in though so my average is only
.13
Miswel atleast wait it out till the 8K rolls out.
No, the yourists own a majority of the company and are the new directors.
Hollister is out.
Only thing that's going to matter is financials.
If they show solid revenue growth they will have alot higher value than the current market cap.
Yea, I would like to see some SEC filings start coming out already. Getting a bit ridiculous lol.
They never gave a specific timeline.
They said the share exchange would be completed shortly after it was closed.
Which was 2 weeks ago.
Yea, wasnt it suppose to be "shortly" after closing that this share exchange was going to happen lol.
The company has a new CEO. John Hollister no longer matters.
The Yourists run the show now, and only time will tell how they will drive this.
Considering they own like 270M shares I'm sure they want to try see some value in those shares.
That guy is persistent lol.
Hes been doing that channel for 12 years and only has 600 subscribers.
There is no pumping at all here.
This is a sleeper right now, when they start putting out financials and people see the potential itll run hard.
Well atleast this new company sells real products lol. With real revenue.
In the next 67 days it will need to be filed.
I would assume so.
They cant leave us in the dark for 2 months lol.
They also own a large portion of shares so I'm sure they want to try and maximize value of the share price.
The super 8k will be the next big catalyst I'd say.
Within 75 days.
How do you think this will affect the share price after new issues come out?
As far as I remember reading is that GBI owns all intellectual property of IGNG. So yes if they end up going through it could be a double whammy.
I would assume so. No one wants to stay on the OTC forever.
They just have to work up to meet listing requirements.
I figure by the EOW the restructuring should take place. They need to issue the shares to GBI.
After restructuring takes place there should be 100M in the float.
All the future financial reports we will finally get a glimpse into the potential of GBI.
75 days boys.
Theres a couple things will determine when we will get action and volume here
-Overall US marijuana index is slumping right now.
-We have no idea of projected revenue from GBI yet
-We know bits and pieces of their operations but nothing about current or future capacity.
Since there wasnt really any action from closing we need to wait until the 8K gets released (75 days from closing)
Or hopefully GBI will open up about their operations in future PRs.
I cant wait to see what kind of production these guys can put out.
Hopefully they start rolling out the PRs with information about their operations
No. They're value is worth way more than the old IGNG.
Itll just take time.
I wasnt hoping to make a long term investment but it's looking that way lol.
Yea, until we get some more volume in and new buyers it's going to be flat.
This is day 1
Its cannabis...
you cant get loans from banks... yet...
Cannabis is still illegal in federal eyes and until its legalized or the banking bill goes through there isn't that many options to get multimillion dollar loans from.
New edibles, CBD, Expanded laboratory, more licenses, vape cartridges, acquisitions across America.
They made 550K rev last year in half a year. They should have a impressive year coming with all this shit in the works.
Bradley J. Yourist, CEO stated, “As a result of Grapefruit’s completion of the reverse takeover of IGNG and obtaining the Investment, we will expand our current extraction laboratory operations to increase our efficiencies and output as well as continue to expand our distribution services throughout the State of California. Our expansion plans include the acquisition of additional cannabis licenses for permitted cannabis manufacturing and cultivation. In this quarter alone, Grapefruit will be launching its new line of unique infused cannabis edible and CBD products. Our team is also excited about our new line of unique vaporization cartridges, a total of 4 new SKUs, which employ high quality CCELL vaporization elements which more effectively and efficiently deliver our formulated cannabis oils for our customers. We have also identified, screened and interviewed key personnel who are ready, willing and able to join Grapefruit to implement our strategic expansion plans. Grapefruit is also exploring the acquisition of several retail dispensaries, first in California and then all across the nation, to achieve full vertical integration of our cannabis product offerings. With the implementation of the Investment, Grapefruit will have the capacity to position itself to become one of the premier cannabis and CBD brands both domestically and internationally.”
Probably the longest I've held a penny stock lol.
I feel for the guys that have been holding this for 10 years Haha.
Lots of buying into the last hour of the day.
No one wants to miss the big day lol.
After memorial day and before June 30th lol.