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'Good News for Colorado Cannabis businesses...
! Colorado Marijuana Market Larger Than Expected !
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---=>>> BZCN ON HIGH ALERT <<<=---
BizAuctions, Inc. / Ticker: BZCN
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! Recent BZCN Developments / Read Carefully !
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BizAuctions -- Shareholder Update
Jun 16, 2014 - BizAuctions, (BZCN), The Company has just recently posted its financial statements for the calendar year-end of December 31, 2013, and the first quarter of this calendar year, March 31, 2014 on the OTC-Pink Sheet Markets for its shareholders and investment community at large.
Delmar Janovec, BizAuctions' CEO, comments,
"The Company has engaged an attorney to review its financial statements and disclosures to render an Attorney Letter to the OTC Markets that the Company has provided Adequate Current Information, pursuant to the guidelines as required by OTC Markets, and to bring its Limited Status to a Current Status on the OTC Marketplace.
We are re-defining our business model while continuing to move the Company ahead within our industry sector and are exploring numerous business opportunities that exist both within and outside of our industry sectors.
The goal is to identify where these new business opportunities exist and in doing so may seek outside assistance from accredited consultants that have the credentials to assist in determining the best possible business opportunity which will maximize our efforts and deliver the highest return for our shareholders. We will keep you updated as to our progress in this business endeavor."
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BizAuctions Files Notice of Corporate Action With FINRA
(18,000,000,000 Billion Share Decrease)
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Jun 19, 2014 - BizAuctions (OTC Pink: BZCN) - The Company filed a Notice of Corporate Action with FINRA to report an amendment to its articles of incorporation today as required under FINRA guidelines.
Delmar Janovec, BizAuctions' CEO, comments,
"The Company filed today with FINRA, Notice of Corporate Action, providing notice the Company will be amending its articles of incorporation with the State of Delaware after receiving consent by more than 80% of the shareholders of the Company, the amendment will decrease its authorized common stock from Twenty Billion (20,000,000,000) to Two Billion, (2,000,000,000), shares with an effective date of July 7, 2014.
"We are currently exploring new corporate opportunities and believe by reducing the authorized common stock the Company will become a more attractive partner/participant in future projects and possible new acquisitions.
The reduction of the authorized shares will also bring additional shareholder awareness as we continue to move the Company forward while exploring these new possibilities.
Our goal is to identify lucrative opportunities and evaluate each one with the assistance of qualified consultants that could potentially deliver the maximum return to our shareholders." |
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BizAuctions Files Disclosure Statements With OTC Markets
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Jun 30, 2014 - BizAuctions (OTC Pink: BZCN), The Company filed its Annual Disclosure Statement for 2013 and the 1st Qtr. of 2014 with OTC-Pink Sheet Markets as required under the OTC Markets Disclosure Guidelines to be eligible for a Current Information status on the OTC Markets.
Delmar Janovec, BizAuctions' CEO, comments,
"The Company filed with OTC-Pink Sheet Markets on Friday, June 27, 2014, its Disclosure Statement for calendar year 2013, and the first quarter ending March 31, 2014.
The Disclosure Statements are required by the OTC Markets to reach the Current Information status along with an Attorney Letter from an attorney that has been approved by the OTC Markets.
Upon the receipt and approval of the Attorney Letter by the OTC Markets, the Company will be moved from the Limited Information to a Current Information status within the designated timeframe as laid out by OTC Market Guidelines.
We feel the additional step toward total transparency will make the Company more attractive not only to the investment community but also to possible acquisition and/or partnership candidates." |
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BizAuctions Executes Engagement Agreement With Hoban & Feola, LLC Law Firm in Denver, CO
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Jul 11, 2014 - BizAuctions (BZCN) has entered into an Engagement Agreement with Hoban & Feola LLC, Attorneys-at-Law, for legal advice in exploring various business opportunities that are available to us in the cannabis-marijuana industry within the State of Colorado.
Delmar Janovec, BizAuctions' CEO, comments,
"The Company has been redefining its business model for the last eight (8) months and has been exploring potential business opportunities both inside and outside of our market sector in the State of Colorado.
We entered into an Engagement Agreement with the law firm of Hoban & Feola LLC on July 10, 2014 in order to fully evaluate these opportunities and to better understand the regulations within the Cannabis-Marijuana industry in the State of Colorado.
Hoban & Feola LLC, www.hobanandfeola.com, is one of the premier law firms in this industry and will provide the Company with in-depth knowledge of this new market sector while assisting us in identifying the business opportunities which have the potential of maximizing our efforts to deliver the highest return to our shareholders.
We will keep our shareholders and investment community updated as to our progress in this business endeavor." www.hobanandfeola.com
ABOUT BIZAUCTIONS:
BizAuctions is a prime provider of commercial liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide liquidation services to Fortune 1000 enterprises, BizAuctions is a clear solution for most any business to liquidate its excess inventory.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and quarterly statements filed in calendar year 2014 at OTCMarkets.com |
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BizAuctions-Signs Lease for Office in Centennial, Colorado
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July 15, 2014 - BizAuctions, (OTC Pink: BZCN), The Company has signed a one (1) year lease on office space and is in the process of opening an office in Centennial, Colorado in Arapaho County.
This new location will place the Company in close proximity to the epicenter of the Medical-Recreational Marijuana Industry. The address for the new office space is 12835 E. Arapahoe Rd., Tower II, Suite 800, Centennial, Co., 80112.
Delmar Janovec, BizAuctions' CEO, comments,
"The Company has been researching business opportunities in the Medical-Recreational Marijuana Industry and we feel having a working office in Centennial, CO. will be a key component to our success moving forward.
The Company is in the process of obtaining the appropriate City, County, and State licenses to operate and should have that completed within two (2) weeks. We will keep our shareholders and the investment community updated as to our progress in this business endeavor." |
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---=>> Good news for Colorado cannabis businesses <<<=---
Colorado Marijuana Market Larger Than Expected
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July 10, 2014 - Good news for Colorado cannabis businesses: Demand for marijuana in the state is much higher than previously estimated, according to a new report.
The Market Demand Study – released by Colorado’s Marijuana Enforcement Division – estimates that adults who live in the state will consume 121.4 metric tons of cannabis in 2014, while visitors 21 and over will use 8.9 tons of marijuana.
The overall consumption estimate of 130 metric tons is 31% larger than a recent Department of Revenue assessment and 111% larger than a study conducted by the Colorado Center for Law&Policy.
The report is based on a survey of cannabis consumers during the first three months of 2014. It covers total consumption of cannabis obtained by any means, including medical marijuana dispensaries, recreational stores, caregivers, home grows, unlicensed vendors and the black market.
Some other highlights of the study:
- - Overall consumption in 2014 could range from a low of 104.2 metric tons to 157.9 metric tons.
- - 485,000 residents – or 9% of Colorado’s population – consume cannabis at least once a month. Another 201,000 adult residents – or nearly 4% of the population – used marijuana at least once during the last year.
- - The top 21.8% of the state’s marijuana users generate 66.9% of demand. By contrast, consumers that use cannabis less than once a month – which is nearly a third of total users – account for just 0.3% of total demand.
- - Tourists account for 44% of recreational sales in Denver and a whopping 90% of sales in mountain towns.
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---=>>> Start Your Research Now <<<=---
BizAuctions, Inc. | THC Ticker: BZCN
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