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Investing in Marijuana

Discussion in 'Topical Discussions (In Depth)' started by TheMadHatter, Jan 5, 2014.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Growlife: Taking A Page From Amazon
    Apr. 1, 2014 2:29 PM ET | 44 comments | About: PHOT, Includes: AMZN
    by: Jason Bond


    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PHOT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)





    Summary



    • PHOT's earnings release, yesterday, confirms expectations of rapid revenue growth from acquisitions, which soared 235% to $4.85 million for fiscal 2013, compared with $1.45 million posted for fiscal 2012.
    • The cannabis market in the U.S. is estimated to reach between $35 billion and $100 billion per annum, with some suggesting that the latter is much more likely.
    • When the legal and legislative obstacles are removed, Wall Street's traditional financing methods will seek the best-in-breed.


    Most investors who read SA clearly remember the dotcom revolution of the 1990s, the subsequent bubble of 1997-1999 and its pop in the spring of 2000.

    Back then, traditional metrics of stock valuations, such as P/E ratio were summarily dismissed over time by many Wall Street professionals charged with covering the dotcom stocks. Instead, the number of "eyeballs" metric (website page views) replaced Gross Margin and Net Profit as the means of "valuing" dotcom stocks.

    Back in those days, not many truly sensed that the biggest bubble in American history was on its way to a colossal pop.

    In particular, one of the stocks of most keen fascination and frenzy among speculators during the dotcom boom-to-bubble-to-bust spectacle was Amazon.com (AMZN), a stock, of which, a scarcely-known analyst at CIBC Oppenheimer, Henry Blodget, couldn't recommend enough.

    While bigger-name broker-dealers were warning investors of the exorbitantly rich valuation of AMZN, Blodget continued to raise his price targets for the online book retailer. At near-peak of the madness, in Dec. 1998, Blodget had raised his price target of AMZN to $400 per share, which calculated to an eye-popping $60 billion market cap for a company that had already been hemorrhaging cash and diluting shares since its IPO of May 1997.

    In early Jan. 1999, three weeks later, Blodget's target of $400 was realized (peaking on Jan. 11 at $555, adjusting for a 3:1 stock split), cementing his place as an analyst to remember, a Wall Street star, if you will.

    In Mar. 1999, AMZN reported a record annual loss for fiscal 1998 of $124.5 million on sales of $609 million. Amazingly, investors were willing to pay as high as $555 per share (98-times sales) for a company slated to lose $124.5 million.

    In 2000, AMZN posted another record loss of, this time, an eye-popping $720 million. But by then, the Nasdaq pop was underway. At the post-bubble low of Oct. 2001 (following the 9-11 attack), AMZN traded at approximately $35, for a whopping 93.5% loss from its Jan. 1999 high.

    AMZN went on to lose another $1.41 billion in 2000; $567 million in 2001; and $149 million in 2002, before reaching a small profit of $35.2 million for fiscal 2003.

    So, six years after the IPO, AMZN turned a tiny profit. It, then, took another seven years for AMZN to report positive retained earnings.
    Today, AMZN trades at a $154 billion valuation, and posts revenue of $74 billion per annum.

    So, fifteen years later, even those investors foolish enough to buy Amazon at $555 per share (after a total of a 6:1 stock split) made a compound return of 6.5%, excluding dividends, compared to the Dow Jones Industrial Average CAGR of 2.6%, excluding dividends.

    Okay, after taking the long-winded, but necessary trip down memory lane of the AMZN story, here's our germane point about Growlife, Inc. (OTCQB:pHOT).

    Like AMZN of 1997, PHOT, in 2014, trades in an environment of a potentially explosive market size in the coming years.

    The cannabis market in the U.S. is estimated to reach between $35 billion and $100 billion per annum, with some suggesting that the latter is much more likely, given the total money spent on alcohol ($188 billion) and cigarettes ($75 billion) reached $263 billion in 2008. That, of course, is predicated on all, or most, states legalizing cannabis in the coming years, which appears at the moment to be likely.

    But unlike AMZN, PHOT cannot raise capital from traditional sources, and doesn't enjoy institutional sponsorship due to the regulatory nature of the cannabis industry.

    In one sense, PHOT is handicapped with the cut-off of traditional capital sources. However, because of that impediment, ironically, PHOT enjoys a temporary and meaningful moat to entry. Competition that has not sprung up from Wall Street's deep pockets and big tobacco's abstention provides PHOT with a head start in the race for market share. Instead, the company has received private placement funding for acquisitions of $40 million from CANX USA LLC, a private entity committed to the space.

    And what we feel is the most compelling argument for PHOT's potential for meaningful success is its management. The CEO, Sterling Scott, 58, has approximately 30 years of management experience, compared with Jeff Bezos's age of 33 years at the time of AMZN's IPO.

    In all, the average age of PHOT's senior executives and board members is more than 52-years old (page 72), with one executive, Marco Hegyi, who brings to the table executive experience from Yahoo (YHOO) and Microsoft (MSFT), as well as another executive who has an impressive list of successfully engaging the state and federal governments in criminal matters involving cannabis. In contrast, the average age of AMZN executives was under 40-years old.

    We would like to remind readers of that critical point from our previous article of Feb. 11, entitled, "Growlife: Why There is No Stock Like It", the following quote from the Denver Post and the editor of Medical Marijuana Business Daily:


    "[M]aking it in the legal pot industry today is as much about business acumen as it is about growing good weed," stated the Denver Post.

    "You will find that the successful ones are professionals," Chris Walsh, editor of Medical Marijuana Business Daily, told the Post. "They'll wear a suit to a meeting. They understand their company's books and finances. ... These guys picked up pretty quickly that you've got to be professional in this."




    And finally, the most interesting comparison we can make at this time. On the Amazon website (where else?) is a book available for sale, entitled, "amazon.com - Get Big Fast : Inside the Revolutionary Business Model That Changed the World." The theme of the book, from our understanding, centers on the strategy of gobbling up long-term market share at the expense of immediate profit.

    The idea, of course, is simple in retrospect. As the barrier to entry to Amazon's business was quite easy, the company spent inordinate amounts of capital in acquiring strategic partnerships, supply chains, marketing and websites.

    As an example of the company's aggressiveness, in just fiscal years 1999 and 2000, AMZN lost $789 million (here and here) from its bottom line from losses sustained from its acquisitions' bottom lines (see Equity in losses of equity-method investees, pg. 24).

    So, the notion presented by some analysts that PHOT is wasting money from exchanging PHOT stock for acquisitions misses the exercise. PHOT management will dilute shares and will spend money wrapping up as much market as it can before the coast is clear for reluctant competitors to enter the space, executing a variation of the strategy deployed by AMZN.

    Ironically, if investors can think the situation through, the legal peculiarities of the cannabis industry IS PHOT's moat to entry from the "big boys", for now, anyway.

    "Our objective with the program is to increase scale, market penetration, revenue and earnings for GrowLife," according to PHOT's 10K of Mar. 31. [emphasis added]


    PHOT Fiscal 2013 Earnings

    PHOT's earnings release, yesterday, confirms expectations of rapid revenue growth from acquisitions, which soared 235% to $4.85 million for fiscal 2013, compared with $1.45 million posted for fiscal 2012.

    The company's net loss also soared to $21.38 million, of which approximately $19.3 million involved non-cash, one-time losses resulting for company stock options, warrants and stock payments for services rendered to suppliers and landlords. On a non-GAAP basis, exclusive of non-cash, one-time charges, PHOT lost $2,038,907, or a loss of less than $0.01 per share.

    PHOT revenue from its acquisitions of Rocky Mountain Hydroponics, LLC and Evergreen Garden Center, LLC were accretive during Q3 and Q4 only. However, because the company didn't offer guidance, we don't know how much a full-year's revenue will look like for Rocky Mountain and Evergreen during fiscal 2014.

    Additionally, no guidance was given for PHOT's Growlife Hydroponics store in Santa Rosa, California, which opened for business in Q4.
    Gross margin decreased to 17.5% for fiscal 2013 from 28.4% for fiscal 2012. However, the company believes the decrease in gross margin is temporary.

    Cash posted at the end of fiscal 2013 totaled $1.83 million, up from $36,000 for fiscal 2012. Current assets increased to $3.3 million, up from $472,000.

    Liabilities jumped to $11.6 million for fiscal 2013, up from $1.6 million for fiscal 2012. $9.3 million of additional liability was incurred from stock-related expenses.


    Conclusion

    We view PHOT as one of only a tiny handful of cannabis enterprises capable of weathering the stormy horizon of uncertainty regarding legislation, just as AMZN's young management weathered their stormy beginnings.

    We're hopeful that investors will view PHOT's strategic initiatives in their proper light and particularities of the cannabis sector.

    However, investors of PHOT should not expect profits and multi-dollar share prices anytime soon, if at all. The visibility is too murky at this time. The stock is highly speculative and will experience severe volatility, just as AMZN experienced.


    In AMZN's 2Q of 1999 10Q, the company states:

    "n general and the market prices for Internet-related companies in particular have experienced significant volatility that often has been unrelated to such companies' operating performance. These broad market and industry fluctuations may adversely affect the trading price of our common stock regardless of our operating performance."




    However, we feel that PHOT deserves a couple of percentage points of your total portfolio as a long-term speculative investment in the most exciting sector of the remainder of this decade.

    When, not if, in our opinion, the legal and legislative obstacles are removed, Wall Street's traditional financing methods will seek the best-of-breed at that time. We feel that PHOT is the best-of-breed in the nascent cannabis space, and the company has a much better chance of attracting capital in the future than its competitors have.

    Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.



    Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.


    http://seekingalpha.com/article/212...lse&source=email_rt_article_readmore&uprof=45
     
  2. Godswill

    Godswill Seeker Seeker

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    HEMP under .10 Beginning of the end or the mother of all bounces coming?
     
  3. southfork

    southfork Mother Lode Found Mother Lode

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    Wish I knew, been watching it but the bottom keeps falling lower.
     
  4. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Capitalizing On Cannabis: Key Addition To GrowLife Management Team Solidifies Story

    Apr. 3, 2014 9:02 AM ET
    About: PHOT
    by: Alan Brochstein

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)





    Summary



    • GrowLife is an early leader benefiting from the build-out of legal cannabis cultivation facilities.
    • Following the joint venture with CANX USA LLC, 3 talented independent directors have joined the Board of Directors.
    • The addition of President Marco Hegyi in late 2013 brings additional skill sets and an intense focus on business processes and new business models.
    • GrowLife, with its strong management team, access to capital and solid business model, is capturing investor attention as the market transitions from the black market to legal cannabis.


    GrowLife (OTCQB:pHOT) emerged in 2013 as one of the early leaders among the cannabis-related stocks, posting an industry-leading 310% return. Its recent performance has been nothing short of spectacular:
    (click to enlarge)[​IMG]
    PHOT data by YCharts


    Fueling another quadrupling of the price since year-end has been not only a greater appreciation for its "picks and shovels" model as a supplier of goods and services to cannabis growers, but also the growing interest among investors in the sector in general. One interesting way to capture the interest in PHOT in particular is to measure the Seeking Alpha "followers" of the stock. In late August, just after Sanjay Gupta's capitulation regarding the potential benefits of medical marijuana and just before the Department of Justice (DOJ) clarified the path for the implementation of legal cannabis in Colorado and Washington, PHOT had 1296 followers. Today, that group numbers 15,000 people who want to receive alerts on the company, making it the most popular in the sector by this measure.

    While better appreciation for the role PHOT can play in the transformation of the industry and a larger universe of investors interested in the "Green Rush" theme have played a role, perhaps the larger driver of investor interest has been confidence in the integrity and capability of the management team. CEO Sterling Scott (58), a lawyer with deep industry knowledge and a great appreciation for the regulatory landscape, has positioned the company, an SEC reporter, as highly transparent. Scott was quick to realize the importance of the DOJ's change in official stance last year, and penned a timely response just days later that illustrated his deep understanding of the importance of regulatory change. Scott stands out as one of the strongest CEOs in the industry, a perception that was clear in this interview he conducted in September (subscription required). When asked to differentiate PHOT from his peers, he responded:
    But we feel that GrowLife is a different play for a variety of reasons. Our fully-reporting status, our longevity in the industry, the diversity of our revenue lines, and I think most of all, our ability to quickly scale our business to any new and synergistic business opportunity in the cannabis arena indeed sets us apart.


    Rob Hunt (41) joined the company last summer, when PHOT acquired his Rocky Mountain Hydroponics stores. Hunt, who also joined the Board, serves as EVP and as president of GrowLife Hydroponics. Hunt, who holds a law degree, brings a rich mix of industry expertise and entrepreneurial success, and is well known for his advocacy. Hunt is widely regarded as an industry leader. Scott and Hunt participated in November on a live internet-radio program and took questions from shareholders for almost two hours, a level of engagement quite rare among any public company.

    A big part of the GrowLife story is the CANX USA LLC deal, which created a joint venture called Organic Growth International ("OGI"), not only providing a source of capital, but also improving governance for PHOT, which already stood out relative to its peers for its transparency. The agreement, which was announced in late November, required PHOT to add three CANX appointees to its Board of Directors. The three gentleman who were subsequently appointed include Jeff Giarraputo and Anthony Ciabattoni in late December, and Alan Hammer on January 3rd.

    Giarraputo (43) co-founded Factory Design Labs, a global advertising agency, in 1996, and Beatport, a leading music store for DJs, in 2004, and has extensive involvement with private equity companies. Ciabattoni (70), who heads CANX, has been a private investor since 1996, after forming and selling three successful start-up companies earlier in his career. Hammer (67), a partner at law firm Brach Eichler in New Jersey, has extensive real estate experience. The fourth independent director is Eric Shevin (48), a lawyer with extensive practice in medical marijuana business formation, who joined the Board a year ago.

    PHOT's strong Board of Directors stands out relative to its peers. The company held a shareholder meeting on February 7th, a rare event for the sector. Unlike many of the other companies in the space, PHOT isn't controlled by insiders, though insider ownership offers substantial alignment, with the recently filed 10-K indicating that insiders own over 18% of the company. Hemp, Inc. (OTCPK:HEMP) is controlled by Bruce Perlowin, apparently with no independent directors. Medbox (OTCQB:MDBX) had no independent directors until a recent addition, and is controlled by Vincent Mehdizadeh. Medical Marijuana, Inc. (OTCPK:MJNA) doesn't appear to be fully controlled by CannaBANK, yet it hasn't held an annual meeting or allowed a shareholder vote. The Board of Directors includes COO Michelle Sides and an independent director added in 2013, Michael Julian.


    In December, PHOT revealed that it had hired a new president, naming outsider Marco Hegyi (56) to fill the void left by co-founder Kyle Tracey, who was in the process of forming Vape Holdings (OTCQB:VAPE) and had announced his pending departure. Hegyi, who also joined the seven-member Board of Directors, is a software industry veteran who has held strategic roles at Yahoo, Microsoft, Mindshare Media and AdBuySell. He serves as chairman of the Board of Visualant (OTCQB:VSUL), which is focused on light-based identification and measurement technology. His LinkedIn profile details his broad sales and marketing background. Hegyi earned a B.S. in Information and Computer Science from UC, Irvine, with post-graduate education at UCLA, MIT, Stanford and Harvard, and he holds 5 patents.

    I spoke with Mr. Hegyi for the first time following the release of the 10-K on Monday. I had already received very positive feedback both internal to PHOT and from the outside while he has been getting up to speed over the past three months, and our conversation reinforced my own view that his hire strengthens the fundamental story for PHOT, adding complementary skills to the leadership team. Hegyi's addition to the team should give investors confidence in the ability of the company to manage growth.

    Hegyi rounds out the deep industry experience and legal expertise that Hunt and Scott offer, bringing a sharp focus on operations. As the company transitions further from B2C to B2B, his attention to business processes will help drive success. PHOT will be making acquisitions and strategic investments, and Hegyi will help the company scale. His focus will be crafting the operating strategy, with the goal of creating more recurring revenue.

    PHOT is set to benefit from the build-out in Colorado and Washington, both legal markets, as well as in new medical markets, like Canada, which just moved from a monopoly to a competitive market under the MMPR program that began 4/1, and states like Massachusetts, which recently awarded dozens of licenses. The key to GrowLife's success will be to extend its reach further into services and consumable products, and Hegyi will oversee these efforts, while also better defining the channel strategy (stores and e-commerce). The addition of Hegyi to its leadership team clearly positions GrowLife to capitalize on the opportunities ahead.

    Many investors find it easy to embrace the "Green Rush", but perhaps more difficult to swallow the valuations and to choose one particular company over another. While I am cautious on valuations in general, and continue to point to a large disparity between private and public valuations, I expect that PHOT will likely use its stock as currency to further extend its early leadership position. At this stage of what is truly the beginning of a new growth industry, investors should focus on the attributes that will likely define the odds of success: Quality of the management team, access to capital and the scalability of the business model. In my view, PHOT is a leader in all regards.

    Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.





    Additional disclosure: 420 Investor offers subscribers a trade-alert service, and currently includes a long recommendation in PHOT.


    http://seekingalpha.com/article/212...lse&source=email_rt_article_readmore&uprof=45
     
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  5. Godswill

    Godswill Seeker Seeker

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    I'm mostly out at this point. Too many mj stocks are heading South. We may be into a lengthy correction. What goes up like a rocket will eventually deflate before new events, laws, and technical buyers bring the prices up again. I'll have to look for new stocks that are getting attention.
     
    Last edited: Apr 4, 2014
  6. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    PHOT seems to be positioned to gain from more than MJ.

    Growlights are used in other "growing" type industries.

    I think the MJ boom is over until more States take the plunge into legalization.

    Banks still are reluctant to do business...
    http://www.cnbc.com/id/101433431

    Once the money starts flowing this could change...?
     
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  7. Godswill

    Godswill Seeker Seeker

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    Nice article goldhedge, do you own phot or other stocks?
     
  8. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    Of all the stocks in the MJ space - this was the only one I identified as having some bullish potential based on the chart pattern (it was forming a bullish pennant). Now it is playing out...

    Nuvilex.jpg
     
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  9. mph275

    mph275 Seeker Seeker

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    Right you were, I bought some when I read your initial post. Maybe I will sign up for that newsletter...
     
  10. Godswill

    Godswill Seeker Seeker

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    I ended up taking some positions again while protecting my profits. We'll see what happens.
     
  11. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    No I do not.


    I'm of the mind if it's not $5 or more it's too risky.


    Volume has to be better than 250K and PHOT is, but it's a penny stock.



    That said, I'm freaked out about the market. It's totally rigged!


    I sense that it's June 1929 all over again...
     
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  12. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    If it is in fact June of 1929 - technical analysis will serve us well...

    Here is one that looks to have a better than even chance of having a rally...I would expect a bounce off of the confluence of support (if it dips to test it).

    Endexx.jpg
     
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  13. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    I would short any rally on this one...

    Endo.jpg
     
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  14. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    I think its too early to short this - but, I would say its 70-80% probable that there is a significant correction in PHOT in the coming weeks...

    phot.jpg
     
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  15. Godswill

    Godswill Seeker Seeker

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    CANN to resume trading April 10th. Email reply follows. Since relevant news and information is hard to come by that isn't skewed, I suggest that we each take ownership of several of our favorite stocks and communicate with them directly and post for all to make smart decisions also establish professional relationships with them, for what it may be worth. This along with technical analysis and our own DD will serve us well, IMO

    Trading will resume on April 9 at 11:59 p.m. or in other words on the 10th of April. This is according to the Securities Exchange Commission Act of 1934, Release No. 71814/ March 27, 2014.

    I hope this helps. If you have any other questions please feel free to contact us at any time.



    Best wishes,

    Jamie



    719-590-1414 phone

    719-590-4888 fax

    jamie@advcannabis.com
     
  16. Godswill

    Godswill Seeker Seeker

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    Yes Jamie I have one more question: What price should I enter in the sell box?
     
  17. Godswill

    Godswill Seeker Seeker

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    CBGI gets a boost from news article.


    https://us.etrade.com/e/t/invest/Story?ID=STORYID=20140408SN007189&provider=PRNewswire


    Marijuana Sector Stabilizes as Industry Pioneers Forge Ahead - Company Secures Foundation by Acquiring National Security Firm for Cannabis Dispensary Facilities

    Apr 08, 2014 09:05:00 (ET)


    CORAL SPRINGS, Florida, April 8, 2014 /PRNewswire/ --

    A report on acquisitions, joint ventures and developments in the active Marijuana industry as companies continue to ramp up operations: The CannaBusiness Group, Inc. (OTC: CBGI), Medical Marijuana, Inc. (OTC: MJNA), Growlife, Inc. (OTCBB: PHOT), Hemp, Inc. (OTC: HEMP) and Tranzbyte Corporation (OTC: ERBB)

    The CannaBusiness Group, Inc (OTC Pink: CBGI) announced today that it has acquired an ownership in whose objective is independent security advice and implementation. Our security consultants specialize in security risk management, security optimization, and security design & engineering. Our goal is to develop solutions that protect your bottom line from preventable losses. The acquisition of ownership, consisting of restricted common shares and funding will be provided to hire sales staff, update marketing materials, increase customer base and attend upcoming trade shows in the dispensary and grow operation industry. NSS will focus primarily on the marijuana dispensaries and grow operations with the following plan: The Dispensary Security Plan is essential to show regulators how you the owner plan to protect your equipment, inventory, products, and more importantly, your employees. There are added security challenges that medical marijuana dispensaries and grow operations face, so this Dispensary Security Plan considers many policies, procedures, and systems that provide sufficient protection.

    To read the full press release, please click here: http://www.fnmprofiles.com/profiles-cbgi.html

    CBGI announces there are two main sections in The Dispensary Security Plan: Facility Security and Operational Security. Both categories are designed to minimize security exposure and prevent breaches before they even occur. However, in the event that preventative measures fail, the Operational Security Plan is designed to quickly observe, monitor, protect, counter and report any situations that do occur.

    Medical Marijuana, Inc. (OTC Pink: MJNA) recently announced it completed the joint venture with LiveWire Ergogenics, Inc. (OTCQB: LVVV) under the name of HempWire, LLC ("HempWire"). The joint venture agreement stipulates that Medical Marijuana Inc. and LiveWire Ergogenics ("LiveWire") will equally split the net profits (50/50) from all cannabidiol (CBD)-rich hemp oil functional food sales distributed through HempWire. Market research indicates that the worldwide market for functional food is valued at $221.58bn in 2014. "Both companies are excited about the partnership," states Michelle Sides, Chief Operating Officer of Medical Marijuana Inc. "We chose LiveWire as an established manufacturer that can provide our customers with the same consistency and quality that they have come to expect from our company. To start, HempWire will bring the first-ever CBD-rich hemp oil energy square chew to the market, with more products to come."

    Growlife, Inc. (OTCBB: PHOT) a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, announced it has been selected by Kyle Kushman and his companies to handle national distribution of the VegaMatrix line of nutrients and supplements. The VegaMatrix product line, particularly the organic formulations for which Kyle Kushman is world renowned, have contributed to a remarkable 18 different Cannabis Cup awards over the last several years. "Our partnership brings together two leaders in the legal cannabis industry to support organic growers in clean crop production and maximum yields," stated Sterling C. Scott, Chairman and CEO of GrowLife, Inc. "We share with Kyle Kushman a commitment to quality, organics and customer service that set the standard for the industry. Time and again, VegaMatrix products have proven best in class, as evidenced by the top industry awards and accolades from its loyal following of early stage customers. GrowLife is proud to be selected as the exclusive U.S. distributor, and is encouraged by the strong industry support for the VegaMatrix product line."

    Hemp, Inc. (OTC Pink: HEMP) recently announced that the Financial Industry Regulatory Authority (FINRA) has approved the dividend payment to Hemp, Inc. common shareholders for the spin-off of Hemp, Inc. subsidiary, BioSwan, Inc. assets. All Hemp, Inc. shareholders of record, owning common stock, as of closing on January 13, 2014, are entitled to the dividend distribution. The dividend of BioAdaptives, Inc. common stock equates to one (1) share of BioAdaptives for every nine hundred twenty three (923) common shares of HEMP, Inc. held. According to executives, electronic shares of BioAdaptives, Inc. will be added to shareholder accounts if their Hemp, Inc. shares are currently held electronically. A paper certificate will be issued to shareholders who currently hold their Hemp, Inc. common shares in the form of a paper certificate. While BioAdaptives, Inc. has been approved by the Depository Trust and Clearing Company (DTCC) for electronic processing, the company is still awaiting a ticker symbol from FINRA. While a definite date can not be ascertained, company executives expect completion of the final step, of the ticker symbol issuance from FINRA, to be soon.

    Tranzbyte Corporation (OTC Pink: ERBB) recently announced the arrival of American GreenZine (http://www.americangreenzine.com) as the masthead of the network it envisions tying together the industry, from the grower to the consumer, from seed to sale AND use. The online magazine, powered by Sociative (http://www.sociative.net), a content discovery platform, uses the real-time web activity of topical influencers to surface the best content on any subject. We will be celebrating the birth of the American GreenZine publication on Friday, April 4(th) at 8:20am (EDT). "With every passing day more news and articles come out about this industry, but they are located in 1000 or more different places, and many of the stories are musings by pundits who may know much or nothing at all about the industry. By aggregating and organizing the information, we provide a portal through which people can get all the news they want and filter it on their own," comments David Gwyther, Tranzbyte's president.
     
  18. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    This is looking like a good buy...but - be nimble if it moves against you...

    1.jpg

    Support seems to be holding on this one...

    2.jpg

    This is in the buy zone...

    3.jpg
     
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  19. Godswill

    Godswill Seeker Seeker

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    CANN news:

    OTCQB: CANN

    April 7th, 2014


    Advanced Cannabis Solutions (ACS) (OTCQB: CANN) announced today that it has entered into an exclusive agreement with the Alison Group to distribute CRREO (Child Resistant Reclosable Easy Open) bags in southern Colorado for marijuana dispensaries. Robert Frichtel, President and CEO of ACS, "Alison's commitment to compliance and the fact that the CRREO bag is the only flexible (bag) that is ASTM (American Society of Testing and Materials) approved will make this packaging a great solution for packaging requirements at dispensaries. Alison offers other products and solutions that cannabis dispensaries and cultivators may take advantage of as we pursue this business together." He continued by emphasizing, "The ASTM testing protocol must be followed by dispensaries according to what is defined by the Marijuana Enforcement Division." The Medical Enforcement Division is commonly referred to as the MED in Colorado, the marijuana regulatory body for state compliance.


    According to Frichtel, the management team at ACS has been exploring ancillary products for dispensaries and cultivators for several months. Frichtel said, "Finding the right fit is just as important as finding the right products for ACS. The team at Alison is a good fit for our long-term development and distribution of solutions for our operators and customers in the marijuana industry." The CRREO bag was patented in 1994 and has been utilized in the medical industry for several years. ACS will begin distributing bags to customers in southern Colorado in May of this year, with additional market expansion possible.

    About Advanced Cannabis Solutions

    ACS provides a comprehensive set of solutions to the regulated cannabis industry. The Company does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.



    The Company leverages its management team's extensive experience in serving the cannabis industry by providing services in both real estate leasing and cannabis business consulting. ACS plans to work exclusively with licensed and regulated clients.


    Contact:

    Contact Information
    ACS, Inc.
    Robert Frichtel
    CEO
    719-590-1414
    www.advcannabis.com

    Visit Website

    View Financials


    View SEC Filings

    View Press Releases

    Forward this emai


    Advanced Cannabis Solutions, Inc. | 7750 N Union Blvd., # 201 | Colorado Springs | CO | 80920
     
  20. Godswill

    Godswill Seeker Seeker

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    Anyone nibbling?
     
  21. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    Did anyone follow my buy rec yesterday on this one? Its up almost 20% since then...

    Trying to give you guys a free preview of how technical analysis can help you make better entries and exits thus maximizing your profits...

    1.jpg
     
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  22. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    Watching this one...thinking there is another 20-30% of downside before it becomes an attractive buy...

    4.jpg
     
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  23. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    This one looks very attractive as a buy - with the caveat that if it closes below about .36 - that would negate the buy signal.

    2.jpg
     
  24. Godswill

    Godswill Seeker Seeker

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    I picked up some CBIS Strawboss. Much appreciated. I also picked up some PHOT and NVLX, thanks for the heads up on those. I may get out of PHOT tomorrow if it doesn't do anything prior the slide.
     
  25. southfork

    southfork Mother Lode Found Mother Lode

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    Starts trading again tomorrow, will watch and see how bad it tanks
     
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  26. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,The time to invest in Marijuana was back in the 60s --- a nickel bag back then goes for over $100.00 now!:idea::thumbs_up::cheerful::Stoned:

    the DUCK :15_1_70v:
     
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  27. Godswill

    Godswill Seeker Seeker

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    A nickel bag can still sell for $5 if you grow it and refrain from selling it. No one cares anymore. Some of the stocks we own sell great hydroponic growing kits.
     
  28. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Godswill,$5.00 would not pay the postage/shiping on even a small hydroponic rig not to mention the electricity to run it!:idea::thumbs_down:

    the DUCK :15_1_70v:
     
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  29. southfork

    southfork Mother Lode Found Mother Lode

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    cAnn in the can anyone biting?? No level 2 being shown on ameritrade.
     
  30. Trigonx

    Trigonx Seeker

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    Suspension of PHOT really tanked the MMJ sector today. People are running out of the sector as fast as they can.
     
  31. Godswill

    Godswill Seeker Seeker

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    That's the rumor Trig, however if you look at the DOW you'll see that the MJ stocks are following the big board downtrend. It is looking like its reversing as I type.

    I got (had) about 3K into it SF. I'll look at it and see if I should add some. I tried putting in a sell order in early this morning but the mm's spit it out. Thanks for the heads up.
     
  32. honu5050

    honu5050 Mother Lode Found Mother Lode

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    like soft butter b my personal reply w/o reading the thread.....yet.
     
  33. honu5050

    honu5050 Mother Lode Found Mother Lode

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    haven considered the bipoducts mr. Newton ?
     
  34. Godswill

    Godswill Seeker Seeker

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    Here's a new angle, instead of investing in PHOT, call the Rosen law firm and sue them to make a buck. What a concept.


    April 10, 2014 4:22 PM ET


    Business Wire Comtex News Network
    < Back to Market News

    PHOT Trade
    News 0.502 0
    The Rosen Law Firm Announces Investigation of Securities Claims Against GrowLife, Inc.

    Apr 10, 2014 14:57:00 (ET)

    NEW YORK--(BUSINESS WIRE)--April 10, 2014--

    The Rosen Law Firm announces that it is investigating potential securities fraud claims against GrowLife, Inc. (OTCBB:pHOT) resulting from allegations that the Company may have issued materially misleading business information to the investing public and manipulated trading in its common stock.

    On April 10, 2014, the U.S. Securities and Exchange Commission ("SEC") temporarily halted trading in the common stock of GrowLife until April 25, 2014. In suspending the trading of GrowLife securities, the SEC stated that "[t]he Commission temporarily suspended trading in the securities of PHOT because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."

    The Rosen Law Firm is preparing a securities class action lawsuit on behalf of GrowLife investors. If you purchased GrowLife stock before April 10, 2014, please visit the website at http://rosenlegal.com for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

    The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

    Attorney Advertising. Prior results do not guarantee a similar outcome.

    CONTACT: Laurence Rosen, Esq.

    Phillip Kim, Esq.

    Kevin Chan, Esq.

    The Rosen Law Firm P.A.

    275 Madison Avenue 34(th) Floor

    New York, New York 10016

    Tel: (212) 686-1060

    Toll Free: 1-866-767-3653

    Fax: (212) 202-3827

    lrosen@rosenlegal.com

    pkim@rosenlegal.com

    kchan@rosenlegal.com

    www.rosenlegal.com

    SOURCE: The Rosen Law Firm
    Copyright Business Wire 2014


    Access Investor Kit for GrowLife, Inc.

    Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US39985X1046

    (END) Dow Jones Newswires

    April 10, 2014 14:57 ET (18:57 GMT)
     
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  35. lowrider

    lowrider Banned

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    F'n lawyers. Where is the class action lawsuit against them? That one I will sign up for.
     
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  36. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    I just spun through all the stocks in this sector - and there isnt a single one of them that I would feel comfortable holding at present. All in all - its looking pretty ugly. Endexx is an exception to this - but, even that is looking shaky... Nuvilex has gone from looking positive to looking shaky...

    Endexx.jpg

    So - I thought I would take a bit of time and share with you why I use the various technical indicators that I do and how I interpret their signals.

    Its important to understand that no single technical indicator is sufficient on its own and it is much better to use several in conjunction with each other. It essentially gives you the ability to view a stock from different perspectives.

    The indicators that I use are:

    1. RSI
    2. Ichimoku cloud
    3. Bollinger bands
    4. Volume
    5. ADX
    6. %B

    Investopedia has great information on all of these (and many more). I dont profess to say that the ones I use are "THE" ones to use...simply that I have had better success with them than with some others...Different people have different preferences...

    I will post separately for each indicator to help explain what I see and how I interpret it. Its important to keep in mind that I dont make decisions based on solely a single indicator. Well...not usually anyways...
     
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  37. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    The first one I want to show you is the Ichimoku cloud. It is a complete trading system all by itself (unlike other types of technical indicators). I like it because once you understand what everything means - it actually gives you a lot of information... I have added several notes to this chart - hopefully its clear enough. I tried to keep it simple so you can easily understand it. I removed all other indicators to keep it clean and simple.

    Notice how the cloud itself is being created in advance? You can actually see the cloud for the next few weeks. The cloud itself serves as support/resistance depending on whether price is above or below the cloud. When price is within the cloud - its really in no mans land and you have to wait to see what it will do.

    1.png
     
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  38. Strawboss

    Strawboss Intergalactic Silver Guru Gold Chaser

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    RSI (Relative Strength Indicator) is a pretty simple tool. In a bull market - the RSI will stay above 40 on corrective moves and in a bear market - the RSI will stay below 60.

    When the RSI is at an extreme - it is highly likely that there will be a significant move in the other direction.

    View attachment 59522
     
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  39. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  40. Godswill

    Godswill Seeker Seeker

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    Yeah, I'm taking a bath and it aint even Saturday. I should of stayed out. But look at MNTR is someone getting high on their own supply?

    http://www.businesswire.com/news/ho...alifies-Highest-Segment-OTC-Pink#.U0gnpyFOXIU


    Mentor Capital Qualifies for Highest Segment of OTC Pink Market


    Current Company Acquisition, Stock and Cash Position Summarized


    April 11, 2014 12:51 PM Eastern Daylight Time


    SAN DIEGO--(BUSINESS WIRE)--Mentor Capital, Inc. (OTC Markets: MNTR) status was upgraded today by OTC Markets Group to the highest of the three primary OTC Pink Marketplace segments: Current Information. All updated Mentor Capital financials, filings, disclosures and legal opinions through February 28, 2014, are publicly available on the OTC Disclosure & News Service pursuant to its guidelines. This is a first part in the active execution of the company’s stated goal to step up to current status, complete audits, voluntarily file a Form 10, move up quickly to the OTCQB and then onto NASDAQ. At each stage along the way, companies historically have experienced greater institutional participation, liquidity, coverage and visibility for shareholders.

    Briefly highlighting certain aspects of these disclosures and other recent events the company notes that:
    • Mentor Capital maintains a $1 Million cash reserve.
    • The company paid $1.3 Million to Bhang Chocolate owners in March.
    • The Bhang 60% acquisition contract is closed and is not contingent.
    • The $7.7M still due to Bhang Owners and $30M two to three year infusion into Bhang is expected to be paid in cash, although it could be paid in stock.
    • An international private equity group announced a $35 Million loan closing to Mentor Capital, as is their normal practice. Mentor will announce after receipt of funds.
    • No reverse split is contemplated.
    • All CEO discounted warrants were exercised and those shares put in escrow to guarantee a loan for the company.
    • No shares or warrants have been sold by the CEO in 10 years.
    • Mentor has approximately 5 Million shares in the float and available for trading, 5 Million shares in paper form in files and safety deposit boxes, 5 Million shares in escrow, and 15 Million warrants at a $7 per share strike price.

    About Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to invest in leading cannabis companies. Additional important information for investors and founders seeking expansion funding is presented at: www.MentorCapital.com

    Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.


    Contacts

    Mentor Capital, Inc.
    Chet Billingsley, CEO
    (760) 788-4700
     
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