+ Watch CANN
on My Watchlist
Reupp....I like to reupp if I can bank 40 or more points, IF and only if I think it won't drop out as unpickable between my exit and entry..... Invariably, however, the equity, (if you want to call CANN one), bounces back up leaving me out of water for awhile where as it would not have if I left it "alone" to die more slowly....but taking CAPs points out of the bank on a sure thing sometimes means you redeposit part of them for a short time.VOLUME dropping hard, may be ready for a push back up, but market cap is still North of $60M, which is about $58M too much.Hit $64 per share earlier this year. Some people are fixated on the "use to be" model of valuation. Volume has shrunken tremendously meaning insiders or partners can move a little and bounce the price significantly.Old pitch still applies...should be approximating $0.10 some day.....but passing of new Cannibis laws in various states will probably keep it erratic and inflated....============Cannabis Wannabe, reverve merger shell...has a $132M market cap, or about $130M too much...See Jed71http://caps.fool.com/Pitch/CANN/7028729/rather-than-me-opining-on-this.aspx?source=itxsittb0000001And my old pitch, when CANN was halted in March.http://caps.fool.com/Pitch/CANN/7035548/otcqb-cann-today-the-securitie.aspxIf you still like this one...donate a buck to charity for each share you buy, and you will feel better later when this one is sub $1.00...
CANN is a development stage real estate company which "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." Unfortunately, the market does not seem to understand this and has bid up the shares to stratospheric levels. Some of the investors are catching on, however, and the SEC's suspension of the stock isn't helping matters. The company should (and eventually will) value this as a real estate company, not a pharmaceutical company in 3rd stage clinical trials. Don't buy!
Dude, I'm hungry.
The investment community is not ready to embrace companies like this. The grey areas of federal vs. state laws make them to high a risk for FOOLish investors. And everyone else should steer clear.
Pot stock hype LOL FINRA warned you people. This doesn't even seem to be a legitimate company. There are some penny stocks with a more believable business plan.
Weed smells good?
Future of tobacco.
Rather than me opining on this "gem", I'd rather just copy and paste the history of operations section from their most recent 10Q for your reading pleasure. Enjoy!!"Promap Corporation (“Promap”, “the Company” “we” or”us”) was incorporated in the State of Colorado on November 12, 1987. The Company is an independent GIS and custom draft energy mapping company for the oil and gas industry in the United States and Canada. The Company provides hard copy and digital format oil and gas production maps which cover various geologic basins in numerous areas including: Denver Basin, Powder River Basin, Michigan Basin, Williston Basin, Arkoma Basin, Illinois Basin, Cincinnati Arch, Uintah - Piceance Basins and The Nevada Basin. The Company also provides maps of the North American Coal Basin and Coal Bed Methane Activity and North American Devonian - Mississippian Shale Map with detailed pipeline locations.On August 14, 2013, the Company acquired 94% of the issued and outstanding share capital of Advanced Cannabis Solutions (“ACS”) (“the Share Exchange Agreement”), a development-stage company, planning to provide real estate leasing services to the regulated cannabis industry throughout the United States. While the Company will continue to provide energy mapping services on an ongoing basis as a non core activity, it is planned that the combined companies will focus on ACS’ business plan as its core activity and operate under the name Advanced Cannabis Solutions, Inc. The Company has completed a change in trading symbol to CANN (OTCBB) and has completed its official name change.The Share Exchange Agreement has been accounted for as a reverse acquisition and recapitalization using accounting principles applicable to reverse acquisition. Under reverse acquisition accounting, ACS, the legal acquiree, is treated as the accounting acquirer of the Company. Consequently, ACS’ financial results are disclosed for all periods presented, while the Company’s financial results have only been consolidated with those of the existing ACS business from August 14, 2013 onward. All outstanding shares have been restated to reflect the effect of the Agreement.""Our initial focus will be on opportunities within Colorado, which has allowed its citizens to use medical marijuana since 2000. Voters in Colorado approved a ballot measure in November 2012 to legalize marijuana for adult use. Starting Jan 1, 2014, adult Colorado citizens and visiting adults will be able to purchase marijuana without any medical licenses. Several studies have predicted that the retail cannabis market in Colorado will increase from $200 million annually to over $900 million after the new law takes effect. While the national regulated cannabis market is estimated to be $1.5 billion nnually, many experts expect it to reach $30 billion by 2018 as additional states approve cannabis use for its citizens."
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