Jan 2014 - Week 5 Update
Just dropping in to do another update for week 5. Everything is still moving along with everything stated in last weeks update. There is not much to update as what will be happening in the next few weeks. Our partners are making great progress and it looks as though they will finish up a successful cycle. We have a great team we are working with and i will continue to keep everyone updated as we continue to make progress. Thank you for your support!
I wanted to address and clarify one more time for some of the new investors or current shareholders of this investment. I have been made aware of something that should be made clear about Cannabit. As stated directly on the first page of this thread, we are investing in business operations related to the legal Cannabis industry. The first phase of this investment is where we are now, which is targeting entrepreneurs looking to open up cultivation centers as well as retail dispensaries. Eventually moving forward, we would like to focus on distributing supplies as well as related products. The list of services we would like to provide to our clients is the following:
Consulting Cannabis Entrepreneurs
Opening Cannabis Dispensaries
Opening Cannabis Cultivation Centers
Opening Cannabis Evaluation Centers
Selling Supplies; Retail and/or Wholesale
Providing Cannabis Education Services
We just want to make sure that we are not misleading or misrepresenting any shareholders or any potential investors who might think otherwise. We are not in the business of cultivating and distributing the products directly ourselves. We work with those that handle the operations on a day to day basis by providing them with much needed consulting as well as advising. We help manage the overall operation and provide direction for growth and success. We are only providing the services listed above. I hope that this post can help clear up anyone that might want clarification as to what we are and what we do.
Copied from our Reddit thread.
http://www.reddit.com/r/BitcoinStocks/comments/1u5smb/cannabit_ipo_should_you_be_a_part_of_the_green/
twentyseventy 2 points 27 days ago
They bulk of their revenue looks to be consulting on grow operations, setting up dispensaries, etc.
keonne 1 point 27 days ago
Those are taken word-for-word from the IPO page, but basically Cannabit will be advising and providing funds to legal marijuana farms and dispensaries. They will not be directly cultivating and harvesting product.
Topic: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit - page 20. (Read 66347 times)
January 30, 2014, 01:14:14 AM
January 22, 2014, 06:57:40 PM
I love these updates. You guys are making good progress. Keep it up!
January 22, 2014, 04:59:36 PM
Jan 2014 - Week 4 Update
http://imgur.com/a/ClqxF
We have good news! The Cannabit harvest is taking place from the first garden this week. The picture up top is the first plant that was cut this week from one of the gardens. The remaining 20+ plants in the garden is going to be cut throughout the next few days according to the grow team. Once the plants are cut they will be trimmed, dried and cured. This whole process takes about 3 weeks on average so i will keep you guys posted as we make progress. We have also planted some new seeds this time rather than cloning as you can see in the pictures. These will be in their vegetative stage for the next 4-6 weeks before they enter the flowering stage. Below are information on the 3 strains that are being grown from seed.
Grape Ape (Indica) - http://www.leafly.com/indica/grape-ape
Blackberry (Indica) - http://www.leafly.com/indica/blackberry
Girl Scout Cookie (Hybrid) - http://www.leafly.com/hybrid/girl-scout-cookie
As of right now there are 4 gardens that are operating with 2 more gardens that will be operating by March. We are working with our partners to make this happen as soon as possible. We want to see a safe and steady growth while trying to perfect the craft and produce a high yielding quality crop every time we go through a cycle. Things are looking good and we are definitely making progress. Thank you for those of you that are continuing to support the project. Please feel free to PM me if you have any questions.
http://imgur.com/a/ClqxF
We have good news! The Cannabit harvest is taking place from the first garden this week. The picture up top is the first plant that was cut this week from one of the gardens. The remaining 20+ plants in the garden is going to be cut throughout the next few days according to the grow team. Once the plants are cut they will be trimmed, dried and cured. This whole process takes about 3 weeks on average so i will keep you guys posted as we make progress. We have also planted some new seeds this time rather than cloning as you can see in the pictures. These will be in their vegetative stage for the next 4-6 weeks before they enter the flowering stage. Below are information on the 3 strains that are being grown from seed.
Grape Ape (Indica) - http://www.leafly.com/indica/grape-ape
Blackberry (Indica) - http://www.leafly.com/indica/blackberry
Girl Scout Cookie (Hybrid) - http://www.leafly.com/hybrid/girl-scout-cookie
As of right now there are 4 gardens that are operating with 2 more gardens that will be operating by March. We are working with our partners to make this happen as soon as possible. We want to see a safe and steady growth while trying to perfect the craft and produce a high yielding quality crop every time we go through a cycle. Things are looking good and we are definitely making progress. Thank you for those of you that are continuing to support the project. Please feel free to PM me if you have any questions.
January 15, 2014, 04:06:20 PM
The answer to your question would be to identify myself via name, contact info, etc... I understand the importance of identifying myself, especially in the current environment where investors are being scammed on all levels both through the security itself and also by exchange operators. With that said, I am hoping to build trust based on my actions and performance. Given the nature of this business, it would be best for the operation and for investors, that certain information does not become public.
You do not get to pair this attitude with pretentious "we"ing as in your OP. See here, demonstrate your competence. Then, and only then, can the rational favorably consider investing in your efforts.
I agree that cannabit owner needs to identify himself but MPOE, fuck your WOT and who the hell are you to tell ppl how to setup a business, u spam every post with ur damn rubbish thread from 2012.
January 15, 2014, 01:49:25 PM
Jan 2014 - Week 3 Update
http://imgur.com/a/WKPZZ
All questions have been answered directly via PM. Here are some random shots that were taken this week. Not much has changed since last week. We are still on schedule to get 2 more gardens up and running by the end of Jan or early Feb. It looks like the first harvest will start to take place in about a week. Once the plants are cut, the drying and curing process will start which will take about 2-3 weeks. The buds from the Cannabit crop look bigger than the last picture in the album. Please feel free to PM me if you have any questions. Thank you for support.
http://imgur.com/a/WKPZZ
All questions have been answered directly via PM. Here are some random shots that were taken this week. Not much has changed since last week. We are still on schedule to get 2 more gardens up and running by the end of Jan or early Feb. It looks like the first harvest will start to take place in about a week. Once the plants are cut, the drying and curing process will start which will take about 2-3 weeks. The buds from the Cannabit crop look bigger than the last picture in the album. Please feel free to PM me if you have any questions. Thank you for support.
January 15, 2014, 01:06:04 AM
Hate to be that guy but when can shareholders expect to see their first dividend?
By the way things are moving along we should be paying our first dividend starting February. =)
What's your projected net profit?
I'd be interested to know this too. I'm thinking of picking up a few shares
Why isn't this answered yet?
January 10, 2014, 11:24:29 PM
Hate to be that guy but when can shareholders expect to see their first dividend?
By the way things are moving along we should be paying our first dividend starting February. =)
What's your projected net profit?
I'd be interested to know this too. I'm thinking of picking up a few shares
January 10, 2014, 07:36:30 PM
All questions have been answered and replied to via PM. Thanks guys and have a great weekend!
January 09, 2014, 11:44:02 PM
as a shareholder i am proposing a tasting party. how is it 
January 09, 2014, 11:25:37 PM
Hate to be that guy but when can shareholders expect to see their first dividend?
By the way things are moving along we should be paying our first dividend starting February. =)
What's your projected net profit?
January 09, 2014, 10:40:09 PM
Hate to be that guy but when can shareholders expect to see their first dividend?
By the way things are moving along we should be paying our first dividend starting February. =)
January 09, 2014, 10:30:36 PM
Hate to be that guy but when can shareholders expect to see their first dividend?
January 08, 2014, 08:22:10 PM
Just bought 1200 shares, hope to see it succeed!
Awesome! Glad you are hopping on board. We are making steady progress so things are looking good. Thank you for your support.
January 08, 2014, 08:08:24 PM
Just bought 1200 shares, hope to see it succeed!
January 08, 2014, 04:59:14 PM
Here are some tagged pictures. I will be uploading more pictures into the album with more tags to help verify these photos are ours. Included in the picture is the forum username along with today's date.
http://imgur.com/a/Bc2dc#0
http://imgur.com/a/Bc2dc#0
January 07, 2014, 02:24:04 AM
Can we get some tagged pics? Like the original post with a piece of paper saying cannabit. New pics look good if you can prove it is your work and not just some random pics from google images.
Of course. Will get this done tomorrow. We'll either use the same picture in the original post or we'll make a new one and hash tag #cannabit with the date as well. I'll have someone take care of that ASAP and i will upload photos in the morning. I wanted to share an article that i ran across tonight. I hope that support for legalization continues to grow.
http://www.businessinsider.com/cnn-marijuana-poll-2014-1
January 06, 2014, 09:10:57 PM
Can we get some tagged pics? Like the original post with a piece of paper saying cannabit. New pics look good if you can prove it is your work and not just some random pics from google images.
+1 This would help build up the trust as well.
January 06, 2014, 09:07:05 PM
Can we get some tagged pics? Like the original post with a piece of paper saying cannabit. New pics look good if you can prove it is your work and not just some random pics from google images.
January 06, 2014, 04:28:00 PM
Jan 2014 - Week 2 Update
I hope everyone is having a great start in 2014. We have been keeping busy working with our partners trying to push forward. Here are some pictures of the new equipment being set up last week by our team. This tent will run HPS lights as you can see.
http://imgur.com/a/k1mjs
Below are pictures that were taken from our visit this morning. We have some new clones and seeds the growers will be planting this coming week. The strains that are currently being grown in the various gardens are the following.
Crystal Mass (Hybrid) - http://www.medicalmarijuanastrains.com/critical-mass/
Girl Scout Cookies (Hybrid) - http://www.leafly.com/hybrid/girl-scout-cookie
LA Cheese - n/a
OG Kush (Hybrid) - http://www.leafly.com/hybrid/og-kush
Purple Morac (Hybrid) - http://www.medicalmarijuanastrains.com/purple-maroc/
White Rhino (Hybrid) - http://www.leafly.com/hybrid/white-rhino
http://imgur.com/a/zrKuv
The people that we are working with are making great progress and the upcoming crop looks really good. The updates will continue as as the team makes progress. Once again thank you for your interest and support.
I hope everyone is having a great start in 2014. We have been keeping busy working with our partners trying to push forward. Here are some pictures of the new equipment being set up last week by our team. This tent will run HPS lights as you can see.
http://imgur.com/a/k1mjs
Below are pictures that were taken from our visit this morning. We have some new clones and seeds the growers will be planting this coming week. The strains that are currently being grown in the various gardens are the following.
Crystal Mass (Hybrid) - http://www.medicalmarijuanastrains.com/critical-mass/
Girl Scout Cookies (Hybrid) - http://www.leafly.com/hybrid/girl-scout-cookie
LA Cheese - n/a
OG Kush (Hybrid) - http://www.leafly.com/hybrid/og-kush
Purple Morac (Hybrid) - http://www.medicalmarijuanastrains.com/purple-maroc/
White Rhino (Hybrid) - http://www.leafly.com/hybrid/white-rhino
http://imgur.com/a/zrKuv
The people that we are working with are making great progress and the upcoming crop looks really good. The updates will continue as as the team makes progress. Once again thank you for your interest and support.
January 05, 2014, 05:32:16 PM
Thanks for posting. I am sharing only my opinion with the community to let people know we share many of the same experiences. I understand the frustrations investors have because i share the same frustrations. One of the main purpose of this project was to create something better for investors. From the choices of securities available to us today, i feel that i can do a better job of communicating than most of the issuers here on this board.
I understand that running a successful operation can be difficult. There are things that are in your control and things that are out of your control. In order for any project to succeed it's about who you know and what you know plus a little bit of luck and timing. In regards to our network and knowledge we got that covered. I believe timing is great for investments related to the legal Cannabis industry as well. As far as luck goes, we'll have to hope that we don't backtrack and that we continue down the path for further legalization. I feel that we are in a good position right now to take advantage of this opportunity. Please check back often to stay up to date on our progress. Thanks. =)
I understand that running a successful operation can be difficult. There are things that are in your control and things that are out of your control. In order for any project to succeed it's about who you know and what you know plus a little bit of luck and timing. In regards to our network and knowledge we got that covered. I believe timing is great for investments related to the legal Cannabis industry as well. As far as luck goes, we'll have to hope that we don't backtrack and that we continue down the path for further legalization. I feel that we are in a good position right now to take advantage of this opportunity. Please check back often to stay up to date on our progress. Thanks. =)
If you learned anything from the experiences that you claim to share with investors who were foolishly burned by scammers, then you would know that you would need to provide more personal/contact info. Right now you may as well be any one of the many scammers that ran around here only with a new account and an newfound understanding of the English language. I would heavily doubt that this IPO gets anywhere near success level without more verification
Thats not fully correct. There are issuers that verified by using escrows. Gave them their personal details, ID and more. Not every issuer wants to stay in focus.
At the end you simply can wait if you like the dividends and trade based on them...
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