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BIG SHAKEOUT COMING
Told you not to buy this dumpster fire of a stock. Better luck next time. HD and his minions misled people ànd should be held accountable imo.
I think you should know who has been dumping this stock by now along with your absent hypesters from NGW. I warned you guys months ago over on nxgwf after what Mike lost in court.
Always somebody else's fault huh? Not maybe I shoulda dumped this stock when I had the opportunity right?
"In February, Scotts warned that Hawthorne’s first-quarter sales were expected to decline by roughly 40% because of “a slowdown in the cannabis market as well as supply chain disruptions,” despite its recent acquisitions of Luxx Lighting and True Liberty Bags."
So Planet 13 made Mike Jennings President of East Coast Operations and they took Todd Hybels and made him Vice President of midwest operations even though the only operations they have are in Nevada and California.
The company forked out $55 million for a medical only license in Florida from Harvest Health whom was acquired by and forced by Trulieve to sell their license. Florida is in a race to the bottom with Trulieve owning more then 50% of the entire market share and it's stock at a 52 week low down 58% in the past year. So Planet 13 got Mike out of Cali as far as they could to a market that is nonexistent for them. How much you want to bet he's shown the door in the next 6 months along with Hybels???
Crazy industry. Am I the only one that actually does research anymore?
PLNHF (-45.95%)past 6 months
2.60 USD -0.20 (7.15%)today
LOOKING REAL GOOD.
PLNHF (-45.95%)past 6 months
Enough said.
How are those affirmative action induced board member picks and social justice bullsh@t videos working out? Closing in on a 52 week low that's how. This company whom basically has a monopoly cant pull it together. Mic drop!
Here's the REAL story:
So it appears a settlement has already been reached with Mark Ruiz and Matt Machado's cases in court and although it doesn't favor Michael Jennings (he lost) it does appear a large number of shares are coming to Ruiz and Machado at some point in the near future. Most likely they will be liquidating said shares in a prompt timeframe upon receipt. You can guess what'll happen if and when those shares are liquidated. You can look over the entire case file here along with several others including Scott Kajiya, Kenneth Koskiniemi, all are either breach of contract or fraud related. Go ahead say it's all just a conspiracy still LOL!!! Your idol is in hot water and it's going to cost him and the bagholders soon.
https://publicportal.fresno.courts.ca.gov/FRESNOPORTAL/Home/WorkspaceMode?p=0
straight from the docket:
Defendant Michael Jennings, the third member of the Loud Seeds partnership who
managed its business operations—and not its cannabis cultivation—recognized the value of the
Loud Seeds brand and seed bank and orchestrated a wrongful and tortious scheme to obtain all of
its value for himself while cutting Almeida and Koskiniemi out of the business entirely. Through
this scheme, which was aided and abetted by Defendants NGW, NGWH, NGW Holdings/Crossgate
Capital, and Crossgate Holdings, Jennings formed a new cannabis company (NGW), obtained startup financing from Crossgate Holdings based on the value of the Loud Seeds’ brand and intellectual
property, transferred Loud Seeds’ intellectual property to NGW without either obtaining Almeida
or Koskiniemi’s consent or providing them with any compensation, and used that intellectual
property to build a competing business and take it public for Defendants’ profit.
For every winner there has to be a loser just how it goes. Looking at the broader industry there are a number of larger corporations looking for loopholes to terminate previously announced definitive agreements to acquire equity interests of takeover targets. You may get your "dream" to be a bag holder after of your precious little NGW. Don't stop believing.
This floater is about to be flushed.
Now that's a fire sale! Bahaha.
LOS ANGELES (AP) — Leading California cannabis companies warned Gov. Gavin Newsom on Friday that the state’s legal industry was on the verge of collapse and needed immediate tax cuts and a rapid expansion of retail outlets to steady the shaky marketplace.
The letter signed by more than two dozen executives, industry officials and legalization advocates followed years of complaints that the heavily taxed and regulated industry was unable to compete with the widespread illegal economy, where consumer prices are far lower and sales are double or triple the legal business.
Keep telling yourself things are going just great and see what happens.
Down 20.91% in the past month. Down 62.71% in past 6 months. Believe who you want but have I been wrong in the past 6 months about this company? Statistics and facts.
Have y'all heard the term "cooking the books?" Just wondering.
Read the article he published in June again. Every strength he cites was based on Q1 results and information. Everything has changed since then and it will continue to change in the opposite direction as the pendulum swings in the cannabis sector. GLTA !!!!!! You'll need it. Back in the twenties again. Teens on deck.
I mentioned the AdvisorShares Psychedelics ETF PSIL over a month ago. It's up 12% while NXGWF is down over 21% and down over 58% in the last 6 months. The best performing cannabis ETF CNBS is down 6% in the past month and down 34% in the past 6 months. The trend is your friend. Hoping for national legalization? Canadian canna stocks suffered far more after national legalization then before. Just my observations fwiw.
I seriously doubt the relationship between Cookies and NGW will amount to much. Your fearless leader (@mikeloudseeds) was on IG talking smack about cookies and the CEO berner's strain genetics not meeting his standards. Crazy to be biting the hand that feeds you isn't it?
If it looks like a fish, smells like a fish, then guess what?? I agree ambulance chaser may have pressured his way onto the board for aforementioned reasons as well as others we don't yet know considering his position and power.
Here come the .20's then the .10's then the single digits. 91.4% chance it will retrace and fill these gaps
2020-06-04 0.091
2020-07-07 0.108
don't fight the tape!
A market axiom that asserts an investor shouldn't buy stocks during a major decline or sell stocks during a strong market advance.
0.30 USD -0.31 (-50.33%)past 6 months
0.30 USD -0.09 (-22.31%)past month
I hold no position in NXGWF. Thank God.
NGW press release...yawn. Hey I just paid off an auto loan I'm going to send out a PR. What a joke.
BIG NEWS TODAY!! NGW appointed an ambulance chaser to the board of directors and is giving away 1,700,000 more stock options to him and who knows who else which further dilutes your shares. Congrats!!! LOL!
So it's the end of Q3 today huh? Where's all the PR's talking about how great sales have been lately? Been really quiet. Crickets...
Q3 will be worse then Q2, they still have 2 unfilled gaps at .09 and .10 and statistically there's a 91.4% chance it will retrace and refill. I posted on here previously that I'd be surprised if this company even makes til the end of the year and I still stand by that statement. Just wait and see this company is going down along with many others in California. I know a hell of a lot about what's really going on. I made this call about the Cali market back in February. I wish it was possible to short these pink sheet stocks but only MM have that ability. GLTA. Don't say I didn't warn you...again.
You'll be lucky if it holds .04 when the next downturn hits. Look to the future where cannabis is old news psychedelic discovery stocks are the next "wave" of profits. The companies that make up the ETF PSIL is where I'd be looking if I were you.
Dead cat bounce.
I might buy again when there is blood in the water but not until after it fills the .05 gap that I called awhile back. Say what you will but I fully expect that to happen as well. Theres alot more crap on tap that will cause this to roll downhill.
I called this back in February. Not surprised another Director dumps all his shares and resigns abruptly.
Clonemaster Saturday, 02/27/21 04:27:52 AM
Re: None 0
Post #
12012
of 13505
My opinion based on beta is that prices and profit margins will decline as larger more financially disciplined producers enter the market and also accessibility to craft quality black market weed continues to increase. NGW will need to enter into agreements to distribute and market product to other legal states as the glut of cannabis saturation in California will test their profitability and cost structure affecting long term viability. In my opinion short term complacency will be damaging
I agree 100%. I really think this site is a network of manipulators, mm, hypesters and pump n dump schemers working together. If you try to expose a stock for what it really is you get blocked as to not interfere with their foul play.
Die die die my darling.
Of course it has. Lol...
Congratulations you already lost 3 cents per share in one day nice work.LOL!!!!
Bahaha now that's hilarious ????????
NGW's cartridges and concentrates have the worst end user reviews of any I've seen in California market. Flower alone won't keep them alive. Don't believe the hype.
https://weedmaps.com/brands/next-green-wave/products
Water reclamation is great and all but page 13 sums it up in their prospectus
"the Company is reliant on key inputs, such as water and utilities, and any interruption of these
services could have a material adverse effect on the Company’s operations and financial
condition;"
$10 share price by the end of year!!! We're all rich. Lolll.
Facility B will produce low margin product for Cookies, whom will scale back production requirements for new contractors in California due to overproduction market wide leading to lower prices and leaving NGW with a facility that will be largely unused. They should have been planning outdoor growing to cut costs and follow industry leaders worldwide. They also should be looking to emerging markets in other states, which they are not. Poor decision making. If all they can deliver is a 60 cent share price now during the market highs the past couple years how do you think the share price will increase in a market downturn?? It's coming and they are making all the wrong moves for the future. If you think nationwide legalization will bail them out look to Canada as the case study for that. There's over 1 million kilos sitting in storage resulting in mass dispensary and production Some of the largest Canadian producers have been reeling after massively overinvesting in greenhouses and M&A between 2017 and 2019. closures and bankruptcies. Some of the largest Canadian producers have been reeling after massively overinvesting in greenhouses and M&A between 2017 and 2019.
Patents are great but a legal nightmare and financial burden to pursue actions against foreign companies. I'd like to see them bring in some revenue and this stock will start lighting up screens.
I'd be hoping for another REDDIT pump n dump on NGW. That's the only way this thing will move. A bunch of stoners trying to make this company into something is laughable. GLTA! You'll need it.
I am researching this company so far very interesting.
This thing will be over $5 by December 31, 2021 EOM.
Yeah it's probably all a conspiracy LOL....