re: Let’s talk weed stocks in this thread

This thread has taken a strange turn into bizarre land in the last 10 pages.

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On the blockchain every iteration of every piece of data automatically contains all prior iterations as well, and every new data entry is immediately processed, confirmed and stored by numerous computers around the world. The result is a tamper-proof system that provides a reliability factor

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Blockchain, in my understanding, creates a reliable tracking system - i.e., once lab testing has established verification of genetics, dosage, purity, potency, etc., a digital identity and chain of custody is created that can then be verifiably tracked.

The lab tested product is assigned a bar code, and scanning that bar code gives the full history of dosage, purity, potency, etc. As blockchain is a distributed ledger, that ledger consists of all of the above mentioned data that is now distributed to everyone in the network.

Well blockchain has ZERO to do with the inability to generate revenue

Because they are still diluting shares by using it as payment.

Because rather than pay their people or declare a profit for the shareholders they spun up a bullshite subsidiary to buy a $35M ranch.

The stock is being utilized like a GoFundme.

When was the last time they added to the share count?

I don’t know if this is accurate, but Feb. 6 is what I’ve read.

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declare a profit

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You really expected them to be operating at a profit after 2 months of selling? I wouldn’t be surprised if it takes a year or more to start showing profit, because they’ll continue expanding for a long time. But other companies have had their share price skyrocket while losing millions per quarter.

...and the ranch property, which is prime growing land, cost $6 million - LVVV didn’t buy all 21,000 acres. They bought the good part. And it’s the same property where our current Paso Robles location sits. I think it makes us ripe for a partnership or a big buyout down the road.

Time will tell here.

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You definitely said you first found out about LVVV when your son received shares for services. Have you ever admitted what those services were?

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If I am not mistaken, LVVV sponsored his kid's sports team/activity. He didn't work for them but instead was sponsored by LVVV when the company's focus was energy chews.

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how some twisted that into him being an adult who works for LVVV is mind boggling.

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my kid has 250K shares, though his are currently restricted shares.

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Please explain how I twisted anything? Did I say your son was a direct employee? Are you saying he was not issued restricted shares for some type of service performed? People have been questioning how this company distributes shares to pay down debts. I am just curious what the service performed by your son was. Surely they didn’t just offer shares of stock to your son just because he was on some type of sports team that LVVV sponsors.

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Surely they didn’t just offer shares of stock to your son just because he was on some type of sports team that LVVV sponsors.

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That’s precisely what it was.

He was like 15 years old - you think they made him mop the floors too?

Keep in mind that when he got his shares, the price per share was in the triple 000s - they were worth a total of around $25.

Canopy Growth Company is getting crushed today. From what I read there is concern there are not enough MJ shops in Canada. Is this a good buying point or is this going down even more?