Alternative Fuels Americas, Inc. (OTCQB: AFAI) announced today that it has determined to concentrate its entire business focus on the growing legal marijuana industry, including its flagship Kaya Shack™ Medical Marijuana Dispensary, owned and operated by the Company’s majority-owned subsidiary. Accordingly, the Board of Directors and principal stockholder of the Company has authorized a name and trading symbol change to more […]
Just this week, Alaska hopped on the big, kush-laden legal weed bandwagon , following in the footsteps of Colorado and Washington state. Today, Washington, DC, legalized recreational toking . But who is convincing novice investors to put their money in pot company penny stocks, when only a handful of states have legalized recreational herb? These stock promoters are unknown, and […]
Chuma Holdings, Inc. (OTCQB: CHUM) (“Chuma” or “the Company”) is pleased to announce that Spencer Edwards Inc. (“Spencer Edwards”) has signed an agreement to act as Chuma’s exclusive U.S. Financial Advisor. Spencer Edwards is a Denver, Colorado based FINRA Member Retail Broker-Dealer/Investment Banker and NASDAQ Exchange Member Market Maker acting as an investment banking firm specializing in small and midcap […]
The Financial Industry Regulatory Authority is urging investors to just say no to investing in marijuana stock schemes. FINRA issued a warning on Wednesday, Aug. 20, that public companies linked to the growing industry of medical pot may leave investors holding a different kind of bag if the stocks are used in pump-and-dump schemes. Twenty states and Washington, D.C., allow […]
John Maxfield : I hate to burst anyone’s bubble that’s high on marijuana stocks, but the reality is that I literally can’t think of a worse industry to invest in right now. Many of the companies have no revenue, are only tangentially related to the pot industry (and thus could very well not even participate in the industry’s seemingly inevitable […]
Tweed, which is among companies that have been granted a license by Health Canada, has more than tripled to C$2.88 ($2.65) on the TSX Venture Exchange from its private placement price of 89 cents on March 7. Pump, Dump Companies on the Canadian Securities Exchange include Nex Gen Metals Inc. and Affinor Growers Inc., another former mining company. Canada’s warning […]
Meanwhile, many new players started jumping on the green bandwagon. In the past three months, there have been numerous penny stocks from all kinds of industries gold and oil mining, biofuels, music rights, to name a few that have decided to undergo yet another change of their business and came up with announcements about joining the marijuana industry, said Georgi […]
The SEC charged four promoters with manipulating marijuana-related stocks and the stocks of other tiny companies through a scheme the SEC described as “a carefully planned operation.” Prices of a number of penny stocks were manipulated using illegal trading methods combined with aggressive promotional campaigns designed to pump up the price of the stocks. When the stock prices rose, the […]
As of this time, there is a new gold rush and the marijuana industry defines it. Businessmen are on their hills in building businesses that will weather the storm and investors are scrambling to get their hands on equity while it’s still cheap. Each group is trying to capitalize on the advantages available to early movers while dodging the various […]
In early January of this year, new laws about the marijuana legalization for recreational & medical purposes went into effect in a number of states, according to FINRA. During this time, media coverage of the issue increased as well as the interest of investors in shares of pot-related companies. In some cases, volumes for the stock of otherwise thinly traded, […]
Follow Us