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Bullboard - Stock Discussion Forum Herbal Dispatch Inc C.HERB

Alternate Symbol(s):  LUFFF

Herbal Dispatch Inc. owns and operates cannabis e-commerce platforms. The Company’s flagship cannabis marketplace, Herbal Dispatch, is a source for access to small-batch craft cannabis flower and a wide array of other product formats. It provides dried flower, pre-rolls, concentrates, vapes, edibles, oils and capsules, topicals, cannabidiol (CBD), plants & seeds, accessories and others. Its... see more

CSE:HERB - Post Discussion

Herbal Dispatch Inc > When will this be halted?
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Post by QcTrader on Feb 16, 2019 9:31am

When will this be halted?

Conducting Criminal activities should translate into a halted stock by the exchange. 

this is the risk associated with this stock at the moment. 

cant value the assets or the cash position.... only keep in mind the risk associated with a HALT that will never unhalt!
Comment by Walterthedog on Feb 16, 2019 1:41pm
As far as I know there is no criminal investigation into the actions of the company or the previous owners and I doubt there will be one. If they prosecute Ascent for selling to dispensaries after the fact inevitably the fact that authorities never even bothered to find the source of the mountains of product on dispensaries shelves will come to light and probably make things very messy for the ...more  
Comment by QcTrader on Feb 18, 2019 6:59am
Walter, with all due respect,  if you really believe ASNT purchased and sold through illegal network and wont be prosecuted.... i dont know what to say!  a-b-s-o-l-u-t-e-l-y guanranteed a criminal investigation is active. it is the firm duty of Health Canada inspectors to report not only to health canada any wrong doing but also report any criminal activities to the concerned ...more  
Comment by Walterthedog on Feb 18, 2019 11:17am
We'll see, but for the reasons I listed, I doubt anyone gets prosecuted. Should they be? Hell ya. But Cops didn't investigate then and they won't now. Cops and authorities left those dispensaries alone for the most part for years because they knew that public opinion would side with the army of "patients" who just needed medicine that the government couldn't provide and ...more  
Comment by ZincMan1 on Feb 18, 2019 12:05pm
HC and the Fuzz are the least of their worries.. Wait till the CRA starts a knocking on their door.  
Comment by Walterthedog on Feb 18, 2019 3:18pm
They reported income of 9 M$ in 2017 mostly earned in Canada so I'm sure they paid taxes on all that income. Problems will arise there if that money is proven to have been obtained illegally in a court of law.
Comment by ZincMan1 on Feb 18, 2019 6:38pm
HC and CRA a linked.  If the CRA finds them off side in collecting and/or remitting ALL taxes ....  then no exise tax license from the CRA. (license you need to get those little sticker that goes on the packaging.. like the one you see on your cigarette boxes) and then.... No LP HC license either.... they are attached at the hip.. (sorry to say). ..  These guys will never be able ...more  
Comment by Walterthedog on Feb 18, 2019 6:58pm
I agree. There is no way they will ever get a license in Canada and they will likely lose their Nevada license. Hopefully they go for a sale and get a decent price for their assets and IP or sell the company to another group or individual to revamp, rename and rebuild from the ground up. The maple ridge properties I believe may command a bit of a premium based on the fact that they are already ...more  
Comment by Gmoney5000 on Feb 19, 2019 2:36pm
There is absolutely no criminal investigation going on. If there is, prove it. You talk as though you actually know something, when you are just talking shat.  They are accused of selling product in the grey market after they got their license. There was product still in the distribution stream. This was all disclosed to HC prior to receiving the license. They gave HC a transition plan out of ...more  
Comment by droidmeister on Feb 19, 2019 3:17pm
This post has been removed in accordance with Community Policy
Comment by Walterthedog on Feb 19, 2019 4:06pm
Im trying to figure out why the current board of directors (which includes Blair Jordan and Karim Lahali who have removed their names and faces from the website) have allegedly turned down offers and seem hell bent on painting an unredeemable picture of this company and the value it may hold. The concerned shareholders seem convinced that motives other than the realizing of maximum value to ...more  
Comment by ZincMan1 on Feb 19, 2019 6:24pm
There is absolutely no criminal investigation going on. If there is, prove it. You talk as though you actually know something, when you are just talking shat.  They are accused of selling product in the grey market after they got their license. There was product still in the distribution stream. This was all disclosed to HC prior to receiving the license. They gave HC a transition plan ...more  
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