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No problem no harm done. Best of luck to all of you. Probably will be back in down the road, but first try and gain back the loss in other MJ that are moving right now.
Completion of the four (4) construction phases
is projected to take three (3) years,
with ACC management anticipating a total capital expenditure requirement of approximately US$50MM, to reach the project's full capacity. Assuming maximum operational efficiency, ACC management estimates total production of 22,530 kg of dried flower from its projected 279,000 ft2 of cultivation space, producing an anticipated US$114MM in annualized run rate revenue with a projected 25% average EBITDA margin across all proposed building phases. Details of current operations and the proposed expansions include:
Maybe in the US. Canada was a different story
My wife and I dumped everything today. Took the hit. But made up 4G on other MJ stock
You may also want to check out Calvada Partners LLC
How low can we go? Getting the stuffing kicked out of us today. Who or what determines what the new starting price will be for Citation? Hope it is not based on 4x what we are seeing today. Someone is playing games driving it down.
Oh I'm not letting go either. Just trying to better understand what is going on. Thank you for breaking it down into a different light.
Well the kicker is Aphria is only at $9.88 and ACB is $ 11.19. Liht or this new Citation Growth is no way close to being in the same league and yet they want us to believe they are? I've been an advocate all the way along, but this has left a sour taste in my mouth this time.
So basically what you are saying is. Lets take my 400,000 shares as an example with which I managed to get down to .23 price point = $92,000. Current price is at .20 = $80,000. I'm down $12,000. Which did have a possibility of making it to $3.00 a share = $1,200,000..
Now because of this dilution 4 - 1 I will only have 100,000 shares @ .80 = $80,000 fine. Here's the problem I have with it. If the stock only ever makes it to $3.00 a share @ 100,000 shares = $300,000.00.
They just ripped me off from possibility making $900,000
The stock price would have to jump to $12.00 a share to make the same kind of money.
Am I wrong here?
Yes I know they are individual companies but not on the exchange's. I have come across the brands that were mentioned Blunt Box / Garden of Weeden & Superior and they are in a lot of dispensaries in Nevada. But cannot find who is producing them.
Well we have all had a day to go over the news. Not what some of us expected. Just more dilution, more acquisitioning. Nice thing is it is not just a piece of vacant land with dreams of building potential. This has some meat behind it. Larger product line and into several dispensaries, with individuals of knowledge in the Vegas / Nevada market. It does make us much larger and hopefully more profitable. Both markets accepted the news with open arms trading volumes showed us that. In fact one site that I do check everyday showing recent trades, price of the trade and the buyers. Just yesterday we have attracted 3 new buyers/brokers which I have never seen on here before. W.D. Latimer Company LTD. / Mackie Research Capital Corp. & Fidelity Clearing Canada ULC.
So the interest is there for sure. Investors are starting to take notice.
( https://thecse.com/en/listings/life-sciences/liht-cannabis-corp )
LND your take?
Came across this on the news release.
Isbizz tell me you do not see the value here. Many investors out there do not share your point of view. The TSE today recorded 718,416 in volume. We are on the right track here.
Been pondering on this all day trying to figure out the move. Throw this out there just for thought.
LIHT was never looking for a partner.
They are planning on building a conglomerate of there own. Defintion :" a number of different things or parts that are put or grouped together to form a whole but remain distinct entities."
ACC prides itself on its EXPANSIVE collection of premium cannabis CULTIVARS. All bringing there product to the table.
Citation Growth being the parent in the middle of all these smaller to intermediate company's to form one giant Conglomerate. Probably more to come. Similar to a cartel if I can use that word. lol
Hey I can dream too. lol
Well the TSE is sure enjoying the news 321,000 shares traded in the first 2 1/2 hrs. Have not seen that kind of volume in awhile.
This part I'm unsure off can anyone explain. I think I'm reading this as 4 LIHT shares turning into 1 Citation Growth share. At what price is this Citation share going to be? If I'm reading this right.
Pursuant to the terms of the Agreement, Liht shall, prior to the Closing, consolidate its common shares on a four (4) to one (1) basis (the "Post-Consolidation Shares") and complete a change in name to "Citation Growth Corp." and request assignment of a new trading symbol as may be mutually agreed upon between Liht and ACC and as approved by the Canadian Securities Exchange ("CSE").
ACC. Are we talking about the American Cannabis Company. AMMJ ?
Cute very cute. Right back at you. lol
That is old news. Any word on the news today?
On the edge of my seat finger on the trigger. lol
Perhaps we have been so focused on LIHT that maybe we should be researching
any insider or other movement from the much larger firms as to what they are doing. Might give some insight. That would also include any movement from yesterday. It will be good news. Bet my bottom dollar. This is MJ we are talking about not some gold or silver mine stock that dry's up and goes away.
I agree something definitely is going on. I cannot remember either. Obviously it is going to be big. Pretty confident it will be in our favor.
Only 1 hr left on trading time. Long lunch with the ACB / Australis boys.
I'm leaning towards the mega deal as well. I was hoping this morning to see if any or part of that order I put in went through. Nothing. Oh well. Have enough common and warrants to make a huge impact if something does come up.
Well whatever this is. My guess would be (This is going to be a major announcement). Simply because of the length of time this halt is going on for.
Very long halt. Financials coming out? Mega deal going down? (( Closing the doors? lmaso Had to throw that in for the you know who's. ))
Found it. IIROC Trading Halt - LIHT
May 23, 2019
VANCOUVER, May 23, 2019 /CNW/ - The following issues have been halted by IIROC:
Company: Liht Cannabis Corp.
CSE Symbol: LIHT (All Issues)
Reason: At the request of the Company Pending News
Halt Time (ET): 9:18 AM
Nothing through yet. Have the order for 1 week timeframe. The ask is for .04. I'm in at .025.
Excise date Jan. 31/2021. $2.90. Tradeable warrants
Over 1.2 mil shares traded so far on AUSA today. LIHT - 106K LIHFT 29K. Sure would be nice to see the volume increase.
Short term pain for long term gain. Sold that other lung I mentioned. Going for leverage. Placed an order this morning for 1 million in warrants. That's how much I believe in the potential of LIHT.
Do not have to be a math genius to figure thus one out. $120 mil for 35,000 sq. ft. Vegas 10,000 sq. ft. with another 65,000 in 2019. Little more than twice the capacity. Twice the potential buyout even possibly more since it is Vegas.
Very good news. Just another piece of the puzzle falling into place. Also liked your post " Price paid for California Cannabis Production Facilities" really puts Vegas into perspective. Time to sell the other lung and buy more LIHT.
I thought it was very informative. Positive spin with a positive outlook. End result will be in our favor.
Is it me or am I seeing things. Every time I see negative post about the company or the executive panel. Volume goes up and so does the share price. Hey guys keep doing whatever it is your doing. lol
Here is an interesting fact, which most probably already know. But I thought I would put it out there.
(Five years ago, the first pot stock began trading on the public markets, prompting a few raised eyebrows and many, many bad puns. Today, that company is worth nearly $15 billion.
Canopy Growth Corp., then known as Tweed Inc., listed on Toronto’s TSX Venture Exchange on April 4, 2014 via a reverse takeover of a capital pool company. Starting price was $1.62 ) Five Years Later, the First Pot Stock Is Up 2,139% Since Its Debut trading at over $60
Now we are not Canopy, but look where they were 5 years ago. Imagine where LIHT will be in 5 years. The technology we have today is far better than they had 5 years ago. The potential is enormous for LIHT.
Who knows in 5 years I could be eating my words or eating steak.
The FIORE has been LIHT
LND your on a roll. I especially liked the VILLAGE PEOPLE comment. Which reminds me were they not a 70's disco boy band that dressed up in costume's.LMAO
Wow what a twist of words. lol
" You really believe, that the seller gives away his goods without knowing what he will get for the shipment?? " but in my village they do it different since centuries "
Welcome to the 21st century. What I said was. " The majority of businesses are all run on credit. 30 - 60 - 90 day terms for payment. As far as not saying how much. That could very well be SEC rules of engagement."
Sure they know how much, but may not be able to say at this time. Could be construed as insider information on financials.??
One that you should be if your not already. The majority of businesses are all run on credit. 30 - 60 - 90 day terms for payment. As far as not saying how much. That could very well be SEC rules of engagement. The first shipment was sold out. Product is already back on the menu at NUWU.
I believe we will find our wholesale at a very good rate. Probably better than we can expect. Premium grade product. I was a Store Manager for many years in the high Arctic for one of Canada's largest companies. We were the Walmart of the North. Our markup was 55%. If that is any indication. That would come out at $31.00 3 1/2 grams. That works out to approx. $4,000 a lb. All speculation of course.