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even shills have good ideas once in a while
i'm emailing Greg
great job
VYST is a beast
can you screencap that
my twatter feed is suspended
Lucky7 may be right, VYST is due, and it is the 7th after all.
It does seem like a good time for $VYST to boost!!
It's Alive!!!
MJ Holdings to Acquire 2 new Licenses
MJ Holdings to Acquire Two Additional Nevada Marijuana Licenses
Las Vegas, NV, April 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MJ Holdings, Inc. (OTCQB: MJNE; (“MJNE” or “Company”), a leader in the Nevada cannabis market, has entered into a definitive agreement to acquire a Nye County cultivation and production license for cash and stock valued at $2,500,000.00. The purchase is scheduled to close by June 30th of this year. As previously announced, MJNE recently purchased 260 acres of farmland with 180-acre feet of water rights in the Amargosa Valley of Nevada to expand its cultivation capabilities. Upon closing of the purchase of the cultivation and production licenses, the Company will immediately become the largest marijuana grower in the state.
In December of last year, MJNE harvested almost six thousand pounds of marijuana, the first and largest outdoor crop in Nevada history. Pursuant to the terms of the Company’s contract with Acres Cultivation, upon whose land MJNE produced this initial crop, MJNE is entitled to receive 85% of the gross revenues received from the sale of marijuana grown at their facility. The Company has sold about a third of its inventory and expects a small operating profit for the first quarter. The cultivation license that the Company is buying is pre-approved to grow up to 460,000 sq. ft. of marijuana and, when combined with MJNE’s current 120,000+ sq. ft. under canopy at the Acres facility, will make MJNE by far the largest grower of marijuana in the state of Nevada.
MJNE CEO and Acres Cultivation founding member Paris Balaouras stated, “With the success of our initial grow in 2018, we knew we needed to expand our grow capabilities; thus, the acquisition of our own land, cultivation and production licenses in Nye County was the shortest path to achieving our goals.” Balaouras added: “With this transaction we will have acquired more than $7,000,000 of real estate and intellectual properties since November 2018 as part of our plan to accelerate our various growth initiatives.”
The Company also owns a fully-perfected, City of Las Vegas Marijuana Cultivation License located in a 17,000+ sq. ft. multi-use building on Western Avenue adjacent to the Acres Dispensary in Las Vegas. While concentrating its primary focus on its Amargosa Valley cultivation and production facilities, the Company is maximizing the value of the Western facility with its state-of-the-art genetics lab where it will develop new marijuana strains and hybrids.
About MJ Holdings, Inc.
MJ Holdings Inc. (OTCQB: MJNE) is a diversified, publicly-traded holding company providing cultivation, production management and infrastructure development management and consulting services to the regulated, cannabis industry. . Our management operations include a three-acre, outdoor marijuana cultivation facility in the Amargosa Valley of Nevada, as well as a fully-licensed, indoor agritourism facility located in the city of Las Vegas known as the Highland Show-Grow. We also are active in identifying and acquiring revenue producing assets and licenses within legalized cannabis markets both nationally and internationally.
Safe Harbor
The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release.
Company Contact:
Sabrina Mahmud
info@mjholdingsinc.com
You were right, InvestNewbie, I've been saying the same thing for months as well. Something huge just happened!! ORHOF$$$$ never stopping this price once the market figures this deal out
hold and get while you can for 8's!!
Great idea, Goodbuddy.
I'll do it once Investnewbie reposts and compliments that most excellent sauce with some screen caps and copypasta from the article. Mebbe a couple of comments too!
wwg1wga!!
$$ORHOF$$
get in here lads this one is taking off and primed for 10's
https://www.cantechletter.com/2019/02/origin-house-is-undervalued-says-beacon-securities/
Cannabis sector analyst Doug Cooper of Beacon Securities says assessments of Origin House’s (Origin House Stock Quote, Chart CSE:OH) value seem to have overlooked one piece of the company’s puzzle that may prove more significant as time goes by.
In a deal announced last September and still to be closed, OH is paying $25 million for 180 Smoke, which has 17 stores, mostly within the Greater Toronto Area, and nine lease commitments in other favourable communities. But last week, 180 Smoke became a licensed distributor in Canada for JUUL, the world’s leading e-cigarette/vape company and one which has about three per cent of the US$100 billion cigarette market in the United States.
The move could be a big deal for Origin House, Cooper says.
“In Canada, the cigarette market is ~$14 billion (excluding taxes) based on 27 billion cigarettes sold in 2017. A 3 per cent share of the vape market would represent a current $500 million market with a strong growth rate. If JUUL were to have a 75 per cent share in Canada, that would be a $375 million revenue market in Canada,” writes Cooper in a client update on Wednesday.
Cooper says the market has yet to fully account for 180 Smoke’s value for OH, saying that if the projected outcome vis a vis JUUL comes to fruition, then OH would be acquiring 180 Smoke “at a very good price.”
“At the current price, we do not believe much attention nor value accretion has been assigned to 180 Smoke. This could change dramatically with the addition of JUUL,” he says.
Cooper sees OH generating 2019 EBITDA of $13.5 million on revenue of $198.8 million and 2020 EBITDA of $50.2 million on a top line of $425.0 million. He is reiterating his “Buy” rating and $13.00 target price for OH, which represents a projected 12-month return of 38 per cent at the time of publication.
It is like clockwork, just don't get left behind. An announcement could boost this out of range at any time. I expect Lustig has something up his sleeve.
Hope to be smoking some dank mjne bud shortly, fren!
Wwg1wga!
Congratulations to ORHOF shareholders
this is only the beginning for this gem
excellent day so far as well
someone is selling hard today
great deals to buy right now
on my way to vegas
great find oregon
CannaRoyalty Corp (OTCMKTS:ORHOF) is showing no signs of slowing down after an excellent start to the year. The stock is on its way back to record highs, having emerged as an attractive fundamental investment. Investors have continued to push the stock up the charts, in response to a string of groundbreaking catalysts that affirm the company’s tremendous potential.
ORHOF CATALYSTS AND SHARE PRICE ANALYSIS
The stock’s sentiments and prospects have continued to inch higher on the company signing strategic agreements poised to strengthen its prospects in the cannabis sector. For starters, the company has signed a brand accelerator, program agreement with Heritage Holding of California. The company has also inked a strategic partnership with premium cannabis brand Kurvana for distribution rights in Northern California.
The company has also reiterated its push for inorganic growth with the acquisition of major online and retail Canadian vapes operator. The purchase came just weeks after the company inked an exclusive distribution agreement with Humboldt’s Finest.
from the article:
https://insiderfinancial.com/cannaroyalty-corp-otcmktsorhof-turns-bullish-on-improving-fundamentals/177994/
and a peek at lvl2, looking for 7.60
$$orhof$$ is crushing it
kudos to lustig and team
A rising tide. This industry is it. ORHOF is positioned perfectly, and for some reason the pps is waaay too low right now. Revenues will be much higher than previously due to acquisitions and business development, even if below expectations, it will show massive growth. ORHOF will yield gains, well beyond expectations!
This stock is massively undervalued in comparison to similar companies. I have been in this one for a long time and, we have seen a very solid rising trend with very regular price dips. I am quite happy with the price, and believe this is a bargain. I can see this easily breaking out to the $20 range if not this year then next, but I am certainly not concerned about this dip. If it drops back into the 4's I will accumulate, but I don't expect that much luck. Holding for breakout to 20 or acquisition, whichever comes first. We have more than doubled in the last year:
My thought is scoop em while on sale.
sticky this
wow, this is big news
this stock price will wait for no one
hope y'all got filled these last 2 weeks
I believe the alliance between ORHOF and Altmed is a very good thing for ORHOF, Altmed is a very good operator in Arizona and Florida, with in house extraction at a very high level. In my opinion, whether ORHOF management believes it or not, having a close partnership with an extract producer brings additional value to the ORHOF platform. I'd like to see more actual extraction production in the portfolio personally.
Additionally, having this multistate partner will make proliferation of ORHOF brands in the national cannabis marketplace faster, more well informed, and more efficient as they can leverage the capabilities, experience, and expertise of the Altmed team.
Origin House Converts MÜV Royalty Interest and Increases Equity Position in Prominent Cannabis Multi-State Operator, AltMed
https://www.otcmarkets.com/stock/ORHOF/news/Origin-House-Converts-MV-Royalty-Interest-and-Increases-Equity-Position-in-Prominent-Cannabis-Multi-State-Operator-AltMe?id=219846
we increased ownership of Altmed to over 5%, and Altmed is opening 14 additional retail outlets in FL
great news!
yes, sir!
thanks stervc
do we know how many shares ema has now? or if any at all were legit for conversion? and this transfer agent was just going ahead and issuing, with no specific approval from vyst, and not even an opinion letter?
This is an exciting time to be a VYST shareholder. Thanks to all who have contributed the dd that made it all possible for us to be here.