The next great marijuana penny stock is looking like its finally ready to begin trading now that their website has officially gone live. Late yesterday afternoon, content finally appeared allowing traders to begin to monitor when the inaugural trades of Cannabis-Rx Inc. (CANA) begin flashing across their screens. With a focus not on distributing, growing or selling weed or any other pot products, what could drive CANA stock to be the best of them all will be the niche market that CEO Llorn Kylo knows a thing or two about: Real Estate.
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CANA Stock Quote
Market Cap: N/A
Last: Not Yet Trading
Authorized: 1,500,000,000
Issued and Outstanding: 154,000,000
Miramar Investors Inc.: 124,300,000
Float: 29,700,000
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Understanding that Cannabis-Rx is obviously going to be in the marijuana sector, let’s take a look back and see where the Company’s roots came from since there are 29.7 million shares which are going to be able to be traded.
Incubated with the legal assistance of Jonathan D. Strum as L3 Corp., a start up company hoping to create a fitness product, a stretching pole, that would allow the user multiple stretching positions, Noam Katzav, President, CEO, Treasurer and Director, and David Zohar, Secretary and Director, embarked on a journey which would be short lived. Less than a year after their S-1 filing, On November 5, 2012, Kataz and Zohar bailed after Kent Ausburn, PhD bought them out for $2,000.
At least Katzav’s father lasted roughly 8 years as President of Israel before being brought up and convicted of rape and other sexual offenses in the Tel Aviv District Court in 2009.
With Kent Ausburn now in charge, he decided to move the Company int a new direction which was pretty clear when he changed their name to Longview Real Estate, Inc. (LONR). During the course of 2013, not only did they make this Company real by purchasing, for $437,680, two real estate properties with the intent to resell them, but he also brought in Llorn Kylo who happens to be the CEO of Berkshire Homes, Inc. (BKSH).
Berkshire Homes, as of August 31, 2013, had cash on hand of $1,020,959 and an inventory of property under development worth $1,023,980. Kylo, CEO of not 1, but 2 property focused OTC listed companies – what are the chances of that happening? Kylo is also a former CEO of Defense Solutions Holding, Inc. (DFSH) which didn’t pan out to well for longs.
Back to the marijuana stock: Just prior to the Company, on July 3, 2013, effecting a 1-for-110 forward split of their LONR issued and outstanding common shares, Ashburn, on June 25, 2013, sold 124,300,000 (post-split) shares to Miramar Investors Inc. and cancelled the remaining 33,000,000.
Moving into the “brick and mortar” industry at full steam, on September 16, 2013, Longview Real Estate sold two unsecured promissory notes in the principal amount of $4,100,000 to accredited investors. The Company then turned around and bought six additional real estate properties, during October and November of 2013, for an aggregate purchase price of $2,123,100 while also setting up Praetorian Capital, LLC, as a wholly owned subsidiary.
As the new year began, suddenly a spark of genius arose. On January 30, 2014, Longview Real Estate Inc. changed their name to Cannabis-Rx Inc. ad filed with FINRA to change their ticker symbol from LONR to CANA. Already having some properties on hand that they had acquired, Cannabis-Rx plans on leasing growing space and related facilities to licensed marijuana growers and dispensary owners for their operations.
GENIUS! Why get your hands dirty when you can just offer 24-48 month tenant purchase options and even have the funds on hand ($3,662,648 in cash as of September 30, 2013) to be able to get involved with industrial and commercial space, ranging from retail, construction, nutrient lines and logistics.
So, if Miramar Investors Inc. owns 81% of the issued and outstanding shares of CANA stock and all of their financing was done unsecured, who’s holding the remaining 19% or 29,700,000? Does it really matter considering what they’ve built so far and what industry their target market is set to be? If you need to know that before placing a bid, currently at $1, to buy CANA stock, then why not go pay NoDummy to tell you.
About CANA Stock
Cannabis-Rx Inc. is a new start up real estate focused company looking to lease growing space and related facilities to licensed marijuana growers and dispensary owners for their operations.
Click here to view the SEC filings for CANA.
Click here to view the website for Cannabis Rx.
Bottom Line:
The chance to get into what could be the best marijuana related penny stock is approaching now that the website for CANA is live. Although it all looks positive from the outside, don’t go into CANA stock thinking you’ve discovered the holy grail of the OTC even though you have to love the subliminal message of their former name: Longview. Always remember that this is penny land and, int he blink of an eye, you can lose your shirt without getting so much as a kiss.
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