Pot-Growing Companies Offered Shares By Investors Of ResponsibleOhio

ResponsibleOhio has been dropping hints about opening the grow sites to additional investors, but spokeswoman Faith Oltman declined to elaborate on the group’s plans. Rick Kirk, a Columbus developer and investor in the Franklin County site, reported six investors in his company, each contributing $300,000, according to a July... more →
Posted in: News

SEC Settles With Medical Pot Stock Manipulation Scheme’s Promoters

According to the complaint, the defendants misled potential investors that the stock price would rise substantially, knowing that two of the target companies had no business operations and no news suggested that the stock price of the other companies would significantly increase. The SEC or Securities & Exchange Commission alleged... more →
Posted in: Stocks

Pot Investments Versus Angel Investments Update

On the contrary, angel investors represent a very limited group of people who have to match the accredited status and, if they satisfy criteria imposed by the SEC, are allowed to invest in privately held companies. According to the latest data I have, less than 3 percent of accredited investors invest in young privately hold ventures... more →
Posted in: News

Rapid Fire Marketing Issues Shareholder Update

Rapid Fire Marketing (Pink Sheets: RFMK) has issued the following update on the Company’s business and objectives going forward in 2015: PocketPuffer™ Herbal Vaporizer Over the last several months, numerous improvements to the PocketPuffer™ dry herbal vaporizer have been underway at the factory in China. Rapid Fire Marketing... more →
Posted in: Press

Marijuana Growers Sprout On Wall Street As Pot Goes Public

The company will seek to raise about $7 million more later in the year, Peterson said. See also: 12 highest moments for marijuana in 2014 The company’s MediFarm division, which plans to grow, distribute and sell marijuana in Reno, Las Vegas and other parts of the state, has blazed new ground in the on-going debate over marijuana... more →
Posted in: Investing

Mentor Capital Moves Up With Initial Form 10 To Fully Reporting

Mentor CEO, Chet Billingsley, observes, Over the course of 2014 we have progressively stepped up our reporting levels from limited information, to current information, and now, with the completion of two years of financial audits, to fully reporting status with the SEC. We took this step earlier than securities law required because... more →
Posted in: Investing

SEC Has Warning For Investors Re: Scams On Pot Investing

Dozens of companies listed on the penny stock market have turned themselves into pot stocks in recent months, either through reverse mergers or a simple name change. In general, these companies don’t actually touch marijuana, but claim to be involved in the business of providing infrastructure and services to marijuana businesses... more →
Posted in: News

Another Classic Penny-Stock Tale

Today, it trades on what is known as OTC Pink, where the higher level of trading efficiency makes a move like the one seen last week possible. The OTC Pink marketplace has no financial standards or reporting requirements, though it does categorize stocks by the level and timeliness of the information they make available to investors. Dig... more →
Posted in: Investing

Avoid Any Penny Stocks At All Costs

And according to the SEC, it can be difficult to accurately price penny stocks. Plus, penny stocks are a playground for crooks. These thieves prey on investors in the following ways: False promises:Fluffy marketing about your product is one thing, but faking contracts or alluding to pending deals that never will transpire are another.... more →
Posted in: Investing
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