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MemberActivity: 79Merit: 10 [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit December 02, 2013, 06:16:23 AM

Last edit: December 31, 2013, 01:55:21 AM by cannabit #1



ISSUER DETAILS



Founded in 2013, with a vision: create a new project involving Bitcoin that focuses the legal side of the cannabis industry by working with businesses on the sidelines and helping setup their operations.



Our Target



Entrepreneurs from all over the world who are kind of disruptive individuals themselves. Those that see an opportunity here in the "green rush" and want to invest. People that have been introduced to cannabis have experience or knows someone that needed it for a medical reasons. Users that have discovered how amazing it was for their condition and they realize that there is a way to be a part of the newly legalized industry.



Investment Details



CANNABIT is a investment that primarily focuses on the emerging legal cannabis industry. We invest in businesses and products in the legal and medical cannabis sector. The launch of CANNABIT comes at a time when people favor legalizing the use of cannabis. We provide an opportunity to invest in those that are pioneering the space in this multi-billion dollar industry. With the legalization of cannabis in Colorado and Washington for recreational and medical use, this is just the start in legalizing cannabis nationwide.



We are going to be generating revenue by providing consulting services and helping business owners setup their operations. We will advise entrepreneurs in opening and running dispensaries as well as cultivation centers. We will help businesses selling supplies at the wholesale and retail levels. We will work together with these businesses in generating revenue for our services. Our focus is to not directly get involved in cultivating and distributing the actual product. We will be providing consulting, advising entrepreneurs, and providing investment capital to expand their ventures. We will take an interest in these ventures to make sure we succeed together every step of the way. We are looking into opportunities that exists in between to fill the gap with products and services that will help producers, processors and retailers.



Why Invest?



This is an emerging market, its always changing and its completely dependent on the federal and state law. For international players to try to be involved in it, it has to be federally legal. It has to be regulated so that a market can be created. As cannabis becomes legalized in more states, we expect the opportunities for legal, profitable businesses to grow exponentially.



Just as Bitcoins created the digital gold rush, the legal cannabis industry will create a new green rush and we are at the beginning of it. The legalization of Colorado and Washington are a sign of things to come, we can benefit by this being created into a legal and viable industry. We intend to position ourselves as pioneers in the emerging legal cannabis sector through investments and opportunities.



Legal cannabis represents a multi-billion-dollar market opportunity, extending far beyond growing and selling plants. We believe in minimizing government and maximizing liberty for all, and that cannabis prohibition is a social, political, economic and public health disaster. New industries will be created beyond the obvious that already exist in some form as well.





SHAREHOLDER AGREEMENT



CANNABIT is a virtual identity held by investors of this project. We are here to provide business consulting as well as investment capital in legal cannabis related projects and operations.



Purchase Shares



Shares are listed and sold on cryptostock.com under the ticker CANNABIT. (



Dividends



Dividend payments from revenue generated will be paid on a monthly basis from fiat converted into BTC. Operational expenses will be deducted before dividends are calculated. Operational expenses are projected to be minimal and we will provide transparency in regards to this. Our main priority will be to provide investors with a safe and steady return on their investment before we continue to look into expansion. The first divided payment is scheduled and expected to start being paid out in Jan/Feb 2014 after we start seeing a return on our investments. For further details we will discuss this directly with the shareholders.



Shareholder Meetings



All shareholders will be able to participate in meetings with the issuer and our board of advisers. It can range from Q&A sessions to discuss potential future investments as well as brainstorming and bouncing around ideas for future expansion. This will help provide transparency between the management and the shareholders. It will also provide a platform to share creative ideas and be a part of something new and exciting.



Risks Factors



In the event of a forced termination of operations due to legal issues, the remaining assets of the project are to be liquidated and dispersed to the shareholders. Trading of CANNABIT will be halted at the time of the official announcement of a forced termination of operations. It is up to each person to perform their own due diligence in regards to this project and its operation.



CANNABIT reserves the right to buyback outstanding shares on cryptostocks.com with a 30 day notice, with the price being determined by the 30-day weighted average price or the current market asking price at the time of the announcement.





PRODUCTS & SERVICES



We have identified four possible areas of investment when it comes to cannabis: companies marketing to the cultivator, companies marketing to the end consumer, companies marketing to retailers), and companies with licenses to produce and sell cannabis. There is much more we can do within this emerging industry and there are other sectors that we would like to get involved in as cannabis legalization continues.



We will be providing the following products and services to our clients.



Consulting Cannabis Entrepreneurs

Opening Cannabis Dispensaries

Opening Cannabis Cultivation Centers

Opening Cannabis Evaluation Centers

Selling Supplies; Retail and/or Wholesale

Providing Cannabis Education Services





CONTACT INFO



https://cryptostocks.com/securities/63

cannabit@bitmessage.ch Founded in 2013, with a vision: create a new project involving Bitcoin that focuses the legal side of the cannabis industry by working with businesses on the sidelines and helping setup their operations.Our TargetEntrepreneurs from all over the world who are kind of disruptive individuals themselves. Those that see an opportunity here in the "green rush" and want to invest. People that have been introduced to cannabis have experience or knows someone that needed it for a medical reasons. Users that have discovered how amazing it was for their condition and they realize that there is a way to be a part of the newly legalized industry.Investment DetailsCANNABIT is a investment that primarily focuses on the emerging legal cannabis industry. We invest in businesses and products in the legal and medical cannabis sector. The launch of CANNABIT comes at a time when people favor legalizing the use of cannabis. We provide an opportunity to invest in those that are pioneering the space in this multi-billion dollar industry. With the legalization of cannabis in Colorado and Washington for recreational and medical use, this is just the start in legalizing cannabis nationwide.We are going to be generating revenue by providing consulting services and helping business owners setup their operations. We will advise entrepreneurs in opening and running dispensaries as well as cultivation centers. We will help businesses selling supplies at the wholesale and retail levels. We will work together with these businesses in generating revenue for our services. Our focus is to not directly get involved in cultivating and distributing the actual product. We will be providing consulting, advising entrepreneurs, and providing investment capital to expand their ventures. We will take an interest in these ventures to make sure we succeed together every step of the way. We are looking into opportunities that exists in between to fill the gap with products and services that will help producers, processors and retailers.Why Invest?This is an emerging market, its always changing and its completely dependent on the federal and state law. For international players to try to be involved in it, it has to be federally legal. It has to be regulated so that a market can be created. As cannabis becomes legalized in more states, we expect the opportunities for legal, profitable businesses to grow exponentially.Just as Bitcoins created the digital gold rush, the legal cannabis industry will create a new green rush and we are at the beginning of it. The legalization of Colorado and Washington are a sign of things to come, we can benefit by this being created into a legal and viable industry. We intend to position ourselves as pioneers in the emerging legal cannabis sector through investments and opportunities.Legal cannabis represents a multi-billion-dollar market opportunity, extending far beyond growing and selling plants. We believe in minimizing government and maximizing liberty for all, and that cannabis prohibition is a social, political, economic and public health disaster. New industries will be created beyond the obvious that already exist in some form as well.CANNABIT is a virtual identity held by investors of this project. We are here to provide business consulting as well as investment capital in legal cannabis related projects and operations.Purchase SharesShares are listed and sold on cryptostock.com under the ticker CANNABIT. ( https://cryptostocks.com/securities/63 DividendsDividend payments from revenue generated will be paid on a monthly basis from fiat converted into BTC. Operational expenses will be deducted before dividends are calculated. Operational expenses are projected to be minimal and we will provide transparency in regards to this. Our main priority will be to provide investors with a safe and steady return on their investment before we continue to look into expansion. The first divided payment is scheduled and expected to start being paid out in Jan/Feb 2014 after we start seeing a return on our investments. For further details we will discuss this directly with the shareholders.Shareholder MeetingsAll shareholders will be able to participate in meetings with the issuer and our board of advisers. It can range from Q&A sessions to discuss potential future investments as well as brainstorming and bouncing around ideas for future expansion. This will help provide transparency between the management and the shareholders. It will also provide a platform to share creative ideas and be a part of something new and exciting.Risks FactorsIn the event of a forced termination of operations due to legal issues, the remaining assets of the project are to be liquidated and dispersed to the shareholders. Trading of CANNABIT will be halted at the time of the official announcement of a forced termination of operations. It is up to each person to perform their own due diligence in regards to this project and its operation.CANNABIT reserves the right to buyback outstanding shares on cryptostocks.com with a 30 day notice, with the price being determined by the 30-day weighted average price or the current market asking price at the time of the announcement.We have identified four possible areas of investment when it comes to cannabis: companies marketing to the cultivator, companies marketing to the end consumer, companies marketing to retailers), and companies with licenses to produce and sell cannabis. There is much more we can do within this emerging industry and there are other sectors that we would like to get involved in as cannabis legalization continues.We will be providing the following products and services to our clients.Consulting Cannabis EntrepreneursOpening Cannabis DispensariesOpening Cannabis Cultivation CentersOpening Cannabis Evaluation CentersSelling Supplies; Retail and/or WholesaleProviding Cannabis Education Services cannabit - join the green rush - e-mail cannabit@bitmessage.ch

cannabit



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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 02, 2013, 06:23:31 AM

Last edit: December 31, 2013, 01:52:41 AM by cannabit #2 IPO DETAILS



The offering will be for the IPO of 50,000 shares at a price of 0.002 per share for a total of 100 BTC. An additional 100,000 shares have been purchased by early investors that helped raise the capital needed to start this project several months ago. The remaining 850,000 shares will be held by management and may be sold in batches for future offerings to raise funds for expansion as well as new projects. The management shares are not intended to be sold without prior notice to shareholders. After the successful IPO, 150,000 shares will have been released and trading on the market. The total amount of shares that will exist will always be 1,000,000 shares.



Updated 12/30/13



The Cannabit IPO date will take place on 01/01/14. A first round batch of 50,000 shares will be available to purchase at the price of 0.002 per share. The BTC raised from this offering will go towards expanding the operation. A successful sale of the first batch of shares will go towards new investments that will be under Cannabit management. We look forward to a successful first batch sale of our IPO shares. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 03, 2013, 12:58:18 AM

Last edit: December 08, 2013, 01:18:24 AM by cannabit #5 Quote from: twentyseventy on December 02, 2013, 03:24:35 PM Who are you?

How much are you looking to raise?

Do you have experience in this area?

Where are you located?

Will you fully verify yourself on Cryptostocks?



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.



I am both a fan and a member of the Bitcoin community and have invested in Bitcoin securities for the past year. The problem that i see in securities that i have invested in is the lack of communication from the issuer. Having been and still a shareholder of securities that were/are listed on the various exchanges, the problem that i face is the unanswered questions and the lack of updates. I am sure most of you feel this is a problem with most of your investments. Once funds received by the issuer it seems as though they disappear and grow distant from the shareholders that put their faith and trust in the project. I don't really understand why it is difficult for the issuer to take a time out of the day to show up and address issues and answer questions asked. Whether the business is thriving or failing there should still be a clear line of communication as shareholders deserve to know what is going on with their investment. I plan on keeping communication and support one of my top priorities along with making sure this is a safe and solid investment.



In regards to the initial offering i will be providing more info such as how many shares and the share price will be discussed later on this week. My team and i have experience in this area of the business. We are all knowledgeable within this field of work and we are confident in the direction we are moving forward. The most experienced team member has 5 years of experience with the rest of the team having several years of experience. We also come from different backgrounds such as business, accounting and the medical field. We are currently located in the state of Washington. We offer our services to businesses and operators located within the state as well. I have already contacted CS in regards to verification so i will keep you posted on that. For further questions feel free to shoot me a PM and we can set aside time for a chat. 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.I am both a fan and a member of the Bitcoin community and have invested in Bitcoin securities for the past year. The problem that i see in securities that i have invested in is the lack of communication from the issuer. Having been and still a shareholder of securities that were/are listed on the various exchanges, the problem that i face is the unanswered questions and the lack of updates. I am sure most of you feel this is a problem with most of your investments. Once funds received by the issuer it seems as though they disappear and grow distant from the shareholders that put their faith and trust in the project. I don't really understand why it is difficult for the issuer to take a time out of the day to show up and address issues and answer questions asked. Whether the business is thriving or failing there should still be a clear line of communication as shareholders deserve to know what is going on with their investment. I plan on keeping communication and support one of my top priorities along with making sure this is a safe and solid investment.In regards to the initial offering i will be providing more info such as how many shares and the share price will be discussed later on this week. My team and i have experience in this area of the business. We are all knowledgeable within this field of work and we are confident in the direction we are moving forward. The most experienced team member has 5 years of experience with the rest of the team having several years of experience. We also come from different backgrounds such as business, accounting and the medical field. We are currently located in the state of Washington. We offer our services to businesses and operators located within the state as well. I have already contacted CS in regards to verification so i will keep you posted on that. For further questions feel free to shoot me a PM and we can set aside time for a chat. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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Full MemberActivity: 227Merit: 100 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 03, 2013, 02:05:35 AM

Last edit: December 03, 2013, 02:54:36 AM by Duffer1 #6 I understand why you don't want to be named (Govt not being respectful of state marijuana laws.. offering unlicensed securities..), but the name in this space is everything. It is critically important.



What marketable skills are you offering your potential clients?

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 03, 2013, 06:46:34 AM

Last edit: December 11, 2013, 09:10:54 PM by cannabit #9 Thank you for the responses everyone. I would like to disclose more information about the operation and how we plan on investing the funds raised but i would feel better doing that away from this public forum. There are some details i would like to keep private which I am sure most of you will understand and agree to. The purpose of this thread is raise awareness in this new project. For those of you that are not interested in such a project it ends here. For those of you that like the idea of what we have going on and is interested in finding out more information please reach out to me. If you see an opportunity here, we can chat on IRC where i will be comfortable sharing details. If any of you would like to join me in channel #cannabit during the evenings (PST) i will be more than happy to answer some of your questions. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 07, 2013, 10:26:40 PM

Last edit: December 16, 2013, 08:37:31 AM by cannabit #12



-----



Pure ZHO Test on Red Pepper

http://www.youtube.com/watch?v=61-8rdBNVo8



Pure ZHO vs 134A

http://www.youtube.com/watch?v=vipxiyD4V_w



More info at



Cannabit would like to introduce a new product line that we are looking to distribute once it becomes available. PureZHO is a natural herbal oil extractor. This product is non-toxic, non-flammable and organic. For those of you that know how to make hash/wax, it is currently made by using butane cans to extract BHO (Butane Hash Oil; http://en.wikipedia.org/wiki/Butane_hash_oil ). Butane is very dangerous and there has been many accidents and house caught on fire due to using butane to make hash oil. PureZHO is a revolutionary product that eliminates health issues as well as the potential danger associated with using butane as a oil extractor. Below is more information as well as a video demonstration of how the product works.-----Pure ZHO Test on Red PepperPure ZHO vs 134AMore info at www.purezho.com cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 11, 2013, 06:45:33 AM

Last edit: December 31, 2013, 01:13:01 AM by cannabit #13



http://imgur.com/a/xbFoK



Just wanted to update and add a few photos as a teaser to show everyone what we have been working on for the past month or so. The pictures are from one of the projects that we helped get setup and now it is up and running. We will continue to expand this project by providing our help and guidance to make sure of its success.



Also, we have received numerous e-mails and inquiries since this thread was created. I am glad to see many of you support our efforts here. Some of you wanting to invest and some of you looking for investment capital to fund your projects. Thank you all for reaching out. To discuss this project in detail please continue to e-mail and/or join us in IRC #cannabit. Just wanted to update and add a few photos as a teaser to show everyone what we have been working on for the past month or so. The pictures are from one of the projects that we helped get setup and now it is up and running. We will continue to expand this project by providing our help and guidance to make sure of its success.Also, we have received numerous e-mails and inquiries since this thread was created. I am glad to see many of you support our efforts here. Some of you wanting to invest and some of you looking for investment capital to fund your projects. Thank you all for reaching out. To discuss this project in detail please continue to e-mail and/or join us in IRC #cannabit. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Discussion Thread (Self-Moderated) December 16, 2013, 06:58:14 AM

Last edit: December 31, 2013, 01:12:22 AM by cannabit #15



http://imgur.com/a/0NOmV



I just wanted to share some more pictures. This is one of the first gardens that has been up and running for over a month now. We have a total of 6 gardens we are working with operators to get it up and running by Jan/Feb of 2014. As of right now the main focus would be to help our operators expand for the next few months by setting up more gardens. As future projects are started and as soon as investments are made we will be continually updating.







http://imgur.com/a/XLAGt



We have been busy for the past few weeks helping one of our partners in getting a new storefront up and running. As you can see in the pictures in the link below, it is still almost finished with construction but should be open within the next week or so. Will keep you guys posted. Come join us in freenode IRC #cannabit for more details. I just wanted to share some more pictures. This is one of the first gardens that has been up and running for over a month now. We have a total of 6 gardens we are working with operators to get it up and running by Jan/Feb of 2014. As of right now the main focus would be to help our operators expand for the next few months by setting up more gardens. As future projects are started and as soon as investments are made we will be continually updating.We have been busy for the past few weeks helping one of our partners in getting a new storefront up and running. As you can see in the pictures in the link below, it is still almost finished with construction but should be open within the next week or so. Will keep you guys posted. Come join us in freenode IRC #cannabit for more details. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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MemberActivity: 79Merit: 10 Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit December 24, 2013, 06:25:16 PM

Last edit: December 31, 2013, 01:12:33 AM by cannabit #16



http://imgur.com/a/G5npM



I just wanted to share some pictures of the recent harvest from the growers that cannabit is closely working with. Will post more pictures of how the cannabit garden is looking within the next few days as time allows to make the visit to our partners. Thank you for taking interest in our project and supporting what we have going on. Merry Christmas everyone. I just wanted to share some pictures of the recent harvest from the growers that cannabit is closely working with. Will post more pictures of how the cannabit garden is looking within the next few days as time allows to make the visit to our partners. Thank you for taking interest in our project and supporting what we have going on. Merry Christmas everyone. cannabit - join the green rush - e-mail cannabit@bitmessage.ch

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Hero MemberActivity: 770Merit: 500 Re: [CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit December 25, 2013, 04:10:02 AM #18 Quote from: cannabit on December 24, 2013, 06:25:16 PM http://imgur.com/a/G5npM#0



I just wanted to share some pictures of the recent harvest from the growers that cannabit is closely working with. Will post more pictures of how the cannabit garden is looking within the next few days as time allows to make the visit to our partners. Thank you for taking interest in our project and supporting what we have going on. Merry Christmas everyone.

I just wanted to share some pictures of the recent harvest from the growers that cannabit is closely working with. Will post more pictures of how the cannabit garden is looking within the next few days as time allows to make the visit to our partners. Thank you for taking interest in our project and supporting what we have going on. Merry Christmas everyone.

I approve of this product.



I just want to know more about your business model and how you plan on making your money back before I consider investing.



Quote Consulting Cannabis Entrepreneurs

Opening Cannabis Dispensaries

Opening Cannabis Cultivation Centers

Opening Cannabis Evaluation Centers

Selling Supplies; Retail and/or Wholesale

Providing Cannabis Education Services



Are you providing a startup service or more of an investment? To clarify, will it be a one time fee to set up a dispensary/cultivation center or will there be some sort of profit sharing between you and your customers? I approve of this product.I just want to know more about your business model and how you plan on making your money back before I consider investing.Are you providing a startup service or more of an investment? To clarify, will it be a one time fee to set up a dispensary/cultivation center or will there be some sort of profit sharing between you and your customers?