It doesn't matter if you can't ship out of state if they continue to open facilities in every state that legalizes just as they have done in CA and CO
Seriously, they seem to be building a super solid foundation and have so many different sources of income. This stock is going to be huge. NY just legalized, CA expected to legalize for recreational use no later than 2016.
Correct me if I'm wrong but I swore Stephen Sheran said something like they think their American Green Clothing line is going to be worth about 400M just by itself, then he quickly said, but we will talk about that later......maybe the confrence call
Nvlx is one of my favorite holdings. Out of all the bio techs Ive ever owned, i see the most potential with nvlx. Nvlx has the dream team of oncologists.....literally
Huge huge news. Those republicanss in the house better wake up and smell the ganja. Republican voters want weed legalized just as much as the democrat voters. I was quite dissapointed to see all the republicans that voted against it. Every republican I know....which is pretty much all my friends and co workers want to see it legalized
MedBox Plans for Growth, But Some See Red Flags. Cannabis dispensing technology provider MedBox Inc. has impressive plans for immediate growth, which could help the company’s stock hit new heights. But the checkered past of its founder, coupled with concerns over the firm’s financial health, serve as red flags for some in the investment community.
In a recent in-depth piece on the company by The Phoenix New Times, MedBox founder Vincent Mehdizadeh said the firm has contracts totaling $20 million in the works and that it has received pre-orders for 200 vending machines in Washington, Illinois, California and Nevada.
The company has also formed new subsidiaries in banking, cannabis concentrates and security systems, and it has partnered with a firm to manufacture vaporizers.
MedBox, however, is still “bleeding cash,” said investment adviser Stephen Barnes, who also pointed to CEO Bruce Bedrick’s recent sale of 60,000 shares as a reason to stay away from the stock.
“It shares characteristics of previous companies that have been failures,” Barnes said. “It has a ridiculous valuation.”
MedBox recorded $5.2 million in revenues for 2013 but did not turn a profit.
The checkered past of MedBox’s executives could also hurt its future, Barnes said. Mehdizadeh last year pleaded guilty on two counts of grand theft. Authorities allege that Mehdizadeh and his father stole thousands of dollars from immigrants seeking green cards by promising loans and bankruptcy help.
Mehdizadeh paid $450,000 in the settlement. He recently told Marijuana Business Daily that the charges are non-jail offenses that are eligible for deletion from his record upon completion of his probation in 2016.
Is it better to have 2 million on tap or 50 million? Even a 10 year old could figure that one out.
Just imagine the pps when this is granted!
July License Approval Anticipated: Latteno Tenders Offer on $500K Denver Grow Warehouse
DENVER, CO--(Marketwired - Apr 25, 2014) - Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that it has made formal application to the Colorado Department of Revenue, #$%$ Enforcement Division for the State's Optional Premise Cultivation License (OPC). State regulations permit only a center licensee or an MMJ edible manufacturer can apply for the OPC. The MMJ Industry was legalized by popular vote supporting an Amendment to the Colorado Constitution allowing the use of marijuana within the confines of the State of Colorado.
The Company also is pleased to announce that, as the next step in its aggressive MMJ initiative, it has submitted formal Offer to Purchase a Denver Grow Warehouse valued at $500,000. It is anticipated that the closing will be within the next 30-60 days.
The acquisition of a Grow Warehouse represents and the formal Application for a Colorado OPC represents the Companies strategy of creating multiple revenue streams in each market it enters. Specific initiatives include the MMJ Delivery Service, MMJ Grower Warehouse facilities, MMJ Dispensaries and MMJ Evaluation Offices.
The Company had recently announced two MMJ Delivery and Customer list acquisitions under its newly created Rx Harvest Collectives banner; and negotiations are currently underway to expand this successful service across Southern California. Additionally, other centers, including Las Vegas, Denver and Washington State are being considered once the Company has its complimentary MMJ Evaluation Offices, and supply sources established.