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Just figured I’d post it up. Financials are supposed to be released today, obviously it’s not gonna be great news. Hopefully they halt and release them before close as opposed to after hours
Citizens got...f’d, no?
I’m secretly still cheering for you LND, you know how I feel about this company and I hate to see your hard earned retirement dollars go down with this sinking ship. I wish you got out before the split but I’m honestly hoping you were right all along. I can’t see it happening though, these people are total scammers and I honestly don’t think Rivera ever got “liht”. If you still got some cake left in this investment please take it out before the candles are blown out. That’s my advice (yet again) cheers bro
You even got a “that’s a good question” comment back from Keith lol well done!Imo it was a good conference call, really feels like they’re working hard with Moosehead to get everything finalized and we will be very market ready come legalization on bevs and edibles. I’ve been lurking here this forum for a while and have been adding on every dip possible.
GLTA $SRUTF
I hate to say it but I’m soooo glad I got out when I did. This is the biggest publicly traded scam I’ve ever seen. LND I’ve enjoyed your belief in this company, if it spiked again in the near future do all of us a favour and cash out, run far far away... don’t look back. Take your lost pesos and invest in Sproutly (for entertainment purposes only) that’s my advice. This ship sank. Rivera, that’s not even credible anymore. That last PR with ACC confirmed it. She never got Liht, she got railroaded from a winning team at ACB and gambled on a failing investment. Curtain call boys, this thing’s deader than disco
Liht Cannabis Corp. Files Counterclaim against Veritas Pharma Inc.
KELOWNA, BRITISH COLUMBIA – May 6, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) ("Liht" or the "Company"), announces that it has filed a counterclaim in the British Columbia Supreme Court against Veritas Pharma Inc. ("Veritas") alleging, among other things, that the Company and Veritas entered into a loan agreement (the "Agreement") for repayment of the loan. The Company will vigorously defend itself against the claim made by Veritas. As set out in the Response to Civil Claim, the Company believes the allegations are without merit and that the Agreement is in full force and effect. The Company is seeking an order for specific performance requiring Veritas to perform its obligations to the Agreement and otherwise abide by its terms, or alternatively, damages. The Company alleges that the terms of the Agreement include, amongst others, a repayment of the $1,000,000 loan by transferring $100,000 to Veritas and by assigning its interest in the asset purchase agreement to acquire a marijuana production operation in Washington State.
ABOUT LIHT CANNABIS CORP.
www.lihtcannabis.com
Liht Cannabis Corp. is a publicly traded company investing in the medical and recreational cannabis space since 2014. Liht has rapidly expanded to include cultivation, production and dispensary locations in the key North American states of Washington, Nevada, and California, and is seeking expansion opportunities worldwide
FOR FURTHER INFORMATION:
www.lihtcannabis.com
Rahim Mohamed, CEO
RM@lihtcannabis.com
(403) 605-9429
SOCIAL MEDIA:
facebook.com, twitter.com
STOCK EXCHANGES:
Liht trades in Canada, ticker symbol LIHT on the CSE, in the United States, ticker symbol LIHTF on the OTCQX, and in Europe, ticker symbol 2M0 on the FSE. Marapharm also trades on other recognized platforms in Europe including Stuttgart, Tradegate, L & S, Quotnx, Dusseldorf, Munich, and Berlin.
Neither the CSE nor its Regulation Services Provider, the FSE nor the OTCQX® has approved nor disapproved the contents of this press release. Neither the CSE, the FSE nor the OTCQX accepts responsibility for the adequacy or accuracy of this release.
MARIJUANA INDUSTRY INVOLVEMENT:
Canadian listings (CSE) will remain in good standing as long as they provide the disclosure that is rightly required by regulators and complying with applicable licensing requirements and the regulatory framework enacted by the applicable state in which they operate.
Liht owns marijuana licenses in California and Nevada. Marijuana is legal in each state however marijuana remains illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that Liht’s ability to access private and public capital could be affected and or could not be available to support continuing operations.
Liht’s business is conducted in a manner consistent with state law and is in compliance with licensing requirements.
Copies of licenses are posted on Liht’s website. Liht has internal compliance procedures in place and has compliance focused attorneys engaged in jurisdictions to monitor changes in laws for compliance with US federal and state law on an ongoing basis. These law firms inform any necessary changes to our policies and procedures for compliance in Canada and the US.
FORWARD - LOOKING STATEMENTS:
Certain statements in this release are forward-looking statements, which includes, the effective trading date for the new name and symbol, the expected outcomes of its business, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, present and future business strategies, the environment in which the Company will operate in the future, and other factors, many of which are beyond the control of the Company. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: that laws and regulations may become more onerous; the ability of the Company to obtain necessary financing; the economy generally; the future growth, results of operations, performance and business prospectus and opportunities; changes in and the effect of government policies; demand for products; competition; anticipated and unanticipated costs; reliance on management; claims and legal proceedings; conflicts of interest; and market price and volatility of the Common Shares. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisers or consultants, technology failures, failure to obtain a license from Health Canada or from other government agencies, failure to develop new and innovative products, failure of counter-parties to perform their contractual obligations and fees charged by service providers. Important factors that could cause actual results to differ materially from the Company’s expectations include, litigation, global economic climate, loss of key employees and consultants, additional funding requirements, changes in laws, competition, and failure of counter-parties to perform their contractual obligations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. The Canadian Securities Exchange has not reviewed, nor approved the contents of this news release.
Liht Cannabis Corp. Announces First Product Sales and Closing of First Tranche of Private Placement
KELOWNA, BRITISH COLUMBIA – May 13, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) ("Liht" or the "Company"), a licensed cannabis cultivator and producer, is pleased to announce that it has commenced its first commercial sales of recreational cannabis in the state of Nevada. The Company has identified wholesale partnerships with two (2) retailers, totalling five (5) dispensary locations in the Reno & Laughlin region of Nevada, from which the retailers will purchase Liht's entire supply of premium, triple certified organic flower – presently produced at a rate of 110 lbs per month from Liht's 10,000 ft2 North Las Vegas facility. The partnerships will also leverage the marketing and advertising experience of ACC Industries Group, LLC, which has been instrumental in consummating the arrangement between the two parties.
Rahim Mohamed, CEO of Liht, commented, "This is a tremendous achievement for Liht and we look forward to continue supplying the Nevada market with our premium flower in advance of Liht's concentrate product roll-out, expected to begin July 2019. Securing shelf space for our organic products reaffirms Liht's commitment to redefine 'premium cannabis' within the North American market."
The Company is further pleased to announce that its California retail location, "Green Leaf Wellness", has received an award from Palm Springs Life Magazine for "Best of the Best: 2019" in the dispensary category for the Desert Hot Springs area. The retailer is located in the Coachella Valley, which is home to the famous Coachella Music Festival that attracts an estimated 4.5 million tourists each year. Dubbed "California's Prestige Magazine", Palm Springs Life and its readers have collectively praised Green Leaf Wellness for its wide array of products and educational programming for both new customers and seasoned connoisseurs.
Additionally, the Company is announcing the closing of the first tranche of a non-brokered private placement (the "Offering") of secured Convertible Debentures (the "Debentures") for gross proceeds of C$250,000. The Debentures mature on May 8, 2021 (the "Maturity Date") and bear interest at a rate of 10% per annum, payable on the earlier of the Maturity Date or upon conversion of the Debenture.
The Debentures (including any accrued and unpaid interests) are convertible at the option of the holder into units of the Company (each, a "Unit") at a conversion price of C$0.20 per Unit. Each Unit consists of one (1) common share of the Company (a "Common Share") and one (1) Common Share purchase warrant of the Company (a "Warrant"), with each Warrant entitling the holder thereof to purchase one (1) Common Share of the Company at an exercise price of C$0.35 per share for a period of eighteen (18) months.
The Company will use the net proceeds of the Offering to finalize the build-out of the first phase of Liht's Nevada operations, including the purchase of lab equipment, a distribution vehicle, and for general and working capital purposes.
The Debentures and the underlying Common Shares and Warrants (and any Common Shares issuable upon conversion thereof), are subject to a statutory four (4) month and one (1) day hold period, until September 9, 2019.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
I just got 2 Liht news release emails, anyone else get them? Or should I post them...
IMO as a Canadian that works throughout western Canada i think I know why. BC land and real estate is absolutely ridiculous price wise. Also in Alberta businesses/consumers pay way less in tax then BC. The ongoing joke in Canada is when asked what BC stands for, the punchline is always “Bring Cash” lol
Thank you LND, well said. I used to think we came here for DD and gossip, I miss those days
Major volume on the Canadian side today, already broke through the average. GLTA I’m still holding and have bought more on dips, patience will pay!
Just randomly saw an Algernon commercial on BNN Bloomberg...
Anyone figure out if we’re still doing the breathalyzer thing or when we should expect our first harvest? Lol
$BLOZF
Very solid close, Canadian market was strong all afternoon. Nice volume, GLTA
I still think Namaste could have went with a better platform. Each patient gets a profile, where they can connect with other patients. Maybe even on the patients primary page they could select there top 5 favourite patients and communicate with one another. They could even follow there favourite strains, perhaps even attach there favourite song to there personal Namaste space!
That being said, I feel Namaste should select Tom Anderson as the new CEO and attach him to every patients MyNamaste account... fool proof imo
Smoki, in regards to your deleted message...
I have a considerable position in Breathtec already (to me it’s considerable anyways) I don’t like to immediately put all my eggs into any basket. If an opportunity comes up to average down I like keeping money on the sidelines to do so. I also do this fun thing called “setting stop losses” hence never once turning a 7000 investment into 1738.68... Feel free to write that one down, bud lol
Thanks for the reply and info Shell. I guess we’ll see what happens soon. After reading those numbers the possibility of that dilution did scare the bejesus outta me as suggested by AMG lol but instead of adding to my position today I left money on the sidelines for now to see what becomes of the monthly update and sp. Good luck to both of you gentlemen, GLTA
Thanks Shell (im a newbie to Breathtec) what are the expectations for the monthly report?
When is said monthly report due?
I caved today and came to the dark side, got filled this am at .315 CAD. After reading your diligence along with some other folks on here it feels like the right decision, seems like there’s some stars aligning here at Breathtec. GLTA
LND2 should we be seeing a harvest report in the near future? I’m debating adding here to my position in the dip (CAD)
Lol best of luck on both sides of the fence big shooter, nothing wrong with some late night chirps haha
Taker easy man, GLTU
I believe that post was probably meant for the Breathtec Boat, the SS Breathtanic! Wrong forum bud -$BTHCF
Carry on...
I’m pretty sure you’re arguing with the wrong guy lol I have a minuscule position with Liht, I sold on the drop and bought a measly 20k shares at 15.5 cents (Canadian) that I’m happy with that so far. I referenced an article, I was trying to help out the board to clarify which article it may be. Netflix and chill bud lmao chill!
Ummm... okay? I just referenced a previous article to see if that was what another poster was referring to. Sorry if that somehow interfered with your Friday night Netflix
Random af
Talking about this December article still maybe?
https://www.timescolonist.com/massive-corrupt-b-c-cannabis-crypto-mining-and-energy-shares-scheme-alleged-by-bcsc-1.23520420
I got a feeling if we have been seeing $BLOZF gain momentum due to other mj stock trends that today should be a very interesting day. I’m hoping for the latter as suggested by many on this forum and that insiders know of news or a device in hand is imminent...
$APHA... Adios Vic Neufeld!
Now let’s see what separates the men from the boys...
This just came on the late news here in Canada, not implying anything, just feel it’s relevant...
https://globalnews.ca/news/4832762/impaired-driving-canada-breath-samples/
$BLOZF
GLTU as well, I sure hope there is a device in hand. I’ll sleep better tonight after hearing your optimism! GLTA
$BLOZF gonna $BLO !!!
I also disagree, the news report was presented after market hours. I’m trying to figure out what happened as well but if you review some other mj charts there was a “pop” all around the same time-ish imo
Here’s the link to the CBS segment
https://www.cbsnews.com/news/driving-while-high-university-of-michigan-study-finds-more-than-half-of-michigan-medical-marijuana-users-admit/
$BLOZF
What da hell just happened?!?!
Happy Birthday, let’s all hope so! Any day now would be great
I thought LongNDeep woulda been all over this news today! Where ya at LND?
Whatever Aphenron opens at in Canada tomorrow (based on hype) is right around what I’m going to sell for at a profit, this whole ordeal is a complete joke and people will be going to prison in the long run. Vic is a complete con artist and I’m starting to think him and GG probably had a good laugh after the attack, both knowing what was coming in the near future. Just my opinion though $APHENRON
Wow! Haha as a shareholder anytime I can make profit from news I’m ecstatic, as a dude I can’t wait to see how all of this plays out. Nice DD man. This is like Enron drama lol