wooowww...
i received 30.9444c per each smkc share i owned,and all in cash today. i called etrade and raised my concern about a likely error since the cash portion of the merger was set to be 25%,balance suppose are in hitif shares,and etrade assured me it is 100% cash distribution. i believe the buyer decided to do 100% cash to avoid the legality of the US rules and regulation or possible lawsuits by the US shareholders.

Your answer is clear enough, as the Australian merger had a much higher bar and I survived.

You're quite welcome. Too bad there isn't a clear answer to your question.

Thanks again.

Shareholders need to call the company, either Smoke Cartel or the acquiring company, High Tide, to know when the payout per share will occur. There is no template average time for these types of acquisitions.

Best o' luck!!!

Perhaps you know average time theses transactions take to credit the shareholder's account? The international one last month or so took almost 2 months.

THanks, nother one to wait for ($$$$?).

thank you.....
about to call my broker for my missing "smkc".

SMKC: effective at 8:55 A.M. today "Shareholders of Smoke Cartel, Inc. will receive $0.309/share in connection with the merger with High Tide, Inc. according to the terms and conditions of the merger agreement."

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

future price of smkc based on the high tide share price volatility....
future smkc each share estimation:
smkc=7.7c(cash)+.66*(hitif share price)

tide tide(hitif) share price
@40c smkc=34c
@50c smkc=41c
@60c smkc=47c
@70c smkc=54c
@80c smkc=60c
@90c smkc=67c
@100c smkc=74c

at today prices of 68.48c(hitif) and 29.3c(smkc),
future price(smkc)=53c
or
price of smkc is being discounted@45% at the last traded price of 29.3c(smkc).woooww,smkc is chiiiiieeeepppppppp.

when it rains,it pours......
https://www.otcmarkets.com/stock/HITIF/disclosure
key points:
closing date was Jan 25,2021
and
each share of smkc acquired and valued at 30.9c,to be exchanged for
1 cash of 7.7c
2 0.66 "hitif" share at 35c(per share,my estimate)
3 may take up to 12 months from Jan 25,2021 to close the deal.

back drop:
"On January 25, 2021, the Company entered into an agreement to acquire all of the issued and outstanding shares of Smoke
Cartel (“SC”) for US$8.0 Million, implying an approximate value of US$0.309 per SC Share, representing a premium of 33%
to Smoke Cartel’s last closing share price of US$0.232 (Jan. 22, 2021). The consideration will be comprised of: (i) US$6.0
Million in common shares of High Tide (“HT Shares”) on the basis of a deemed price per HT Share equal to the volume
weighted average price per HT Share on the TSX Venture Exchange for the 10 consecutive trading days preceding closing of
the Transaction; and (ii) US$2.0 Million in cash. As a result of U.S. securities law considerations, significant Smoke Cartel shareholders have agreed to allow the Cash Consideration to be allocated first to Smoke Cartel’s shareholders generally,
who will be paid fully in cash, using all or a portion of the Cash Consideration. Pursuant to the Acquisition Agreement, 25%
of the Share Consideration will be placed in escrow for a period of 12 months from Closing."

few pennies away from the last yearly high of 37c.....
is this baby about to breakout again?? i think so,75%(yes) vs 25%.

macro on the pure cannabis today....
players i follow:
tlry up 3%
hexo up 1.5%
acb up 3%
apha up 2%
cron up .8%
...
...
...

this sector is on a roll(back from hell),and as it continues,will smkc stock price correlate and benefit big time with it?? i believe 75% likely and with a multiple return in 2-3 years time horizon.

new management and new business model........
has finally been proven it can work profitably and consistently! a gift to shareholders!! quarterly revenue of around $2.0 million(i was hoping a bit more) should be the norm going forward,with net income between $250k to $500k each q.everything seems to be falling into proper places,except of my last concern: why is the ceo has not been compensated properly,commensurate with the great progress he has had made so far? more skin in the game by steve would not hurt at all, my only concern left of my dd.
again,so far so good,all thanks to the ceo at the helm,"old dog learning new tricks".

It is going to be a great multi day run up for SMKC. LOADING UP @ OPEN in the range of .30 - .32.

in 4 more weeks,er would tell us......
how well is the post 2020 business model working?Or can it sustain its $2.7 million+ revenue momentum?? My odds is 75%(yes) vs 25%,can the pe go ballistic from a base of 3(=30c/2.5c*4)???i believe very likely so.

another positive step forward.......
"it will resume trading its common stock on the OTCQB Venture Market Place ("OTCQB") after meeting all OTCQB reporting guidelines."

it is amazing what new management have done in the last 9 months,as it regained all its lost ground and more since 2019.i would not hesitate to say the company is in its best position since inception in 2017,when the stock was priced around $6.0.will it regain its old highest price??i think so if it can maintain the same discipline and revenue growth in the next 2 years.wooowwww.

https://www.otcmarkets.com/stock/SMKC/news/Smoke-Cartel-Uplists-to-OTCQB-Exchange?id=274868

small volume and it just hit 35c.........
since 9/13(er) the perception seem changed(from pos??? to pos$??) and valuation followed(up 300%+).is 2q revenue of $2.7 million just an one time event become the million dollar going forward?
my believe:
the new 2020 business model worked and should continue to work,likely within a range of -15% to +15%,that is revenue of $2.3 to $3.1 million for q3,not bad with any measures.
or
eps=3c(12c annualized) making the forward looking pe=3.
my hope:
if q revenue can be normalized around $2.75 million with 20%+ net income,this stock's pe is way too low as a momentum stock(pos$$?) to be perceived very soon.a 3q revenue confirmation of $2.75 million would likely drive the pe much higher than 3.
the name of the game on this investment:
"sit tight" for the next 2 years;according to jess livermore(reminiscence of a stock operator),this is a value stock ,and not a price stock.
or
big money can be had to those just "sit tight".

from pink to QB in the work......
OTCQB certification-
https://backend.otcmarkets.com/otcapi/company/financial-report/258013/content
Annual Report-OTCQB-Annual Report,previously filed under pink-
https://backend.otcmarkets.com/otcapi/company/financial-report/258225/content

another important step needed to get back the lost ground.nice work.

Got Woke.. Got Smoke!!

$SMKC Smoke Cartel Reports Second Quarter 2020 Financial Results
Press Release | 09/08/2020
Smoke Cartel Reports Second Quarter 2020 Financial Results
- Second quarter revenue of $2,718K, up 478.6% year-over-year
- Second quarter net income of $576.2K
- Year-to-date cash flows from operations of $509.1K
PR Newswire

SAVANNAH, Ga., Sept. 8, 2020

SAVANNAH, Ga., Sept. 8, 2020 /PRNewswire/ -- Smoke Cartel, Inc. (OTC Pink - SMKC), an on-line, cannabis accessory marketplace, today announced that it has filed financial statements for the second quarter ended June 30, 2020.

Starting in March 2020 and continuing through the majority of Q2-20, the entire country was ordered to stay-at-home as a means of slowing the spread of the Covid-19 pandemic. As most forms of relaxation and entertainment outside of the home were closed, the Company experienced a massive upsurge in demand for our products. Its marketplace model was able to offer a much wider choice of products to its customers than it had available in the same period last year. Along with the increase in demand for its product offerings, competition from local brick-and-mortar stores disappeared as these retail shops were forced to close. The Company worked closely with its growing network of distributors and suppliers to ensure that they could continue to meet this huge upsurge in demand.

Smoke Cartel delivered the following financial results for the second quarter ended June 30, 2020:

Revenue: Revenue was $2,271.7K, a 478.6% increase over second quarter 2019 revenue of $469.7K. Year-to-date revenue was $3,426.4K, a 258.6% increase over year-date revenue of $955.4K in 2019.

Net income: Net income was $576.2K, an increase of $1,222.0K from second quarter 2019 net loss of (645.8K). Year-to-date net income was $636.5K, an increase of $1,649.6 from year-to-date net loss of ($1,013.1K) in 2019.

Supplemental cash information: Year-to-date cash from operations through the second quarter of 2020 was $509.1K, or 14.9% of revenue. Cash and cash equivalents was $909K as of June 30, 2020.

About Smoke Cartel

Smoke Cartel, Inc. (Ticker: SMKC) is one of the leading online retailers of glass water pipes, vaporizers, bubblers, spoons, oil and dab rigs, smoking accessories, and cannabis accoutrements. The Company provides a marketplace with a wide variety of high quality products, subscription boxes, reliable customer service, and rapid dependable shipping. Smoke Cartel offers 24-hour support to ensure the customer experience is timely and professional. Smoke Cartel operates a transparent business model which is important in an industry with varying state regulations and significant scrutiny. The Company's website at www.smokecartel.com offers fast load times and optimizations, making the customer experience quick and seamless.

(Certain matters discussed in this press release may contain statements, estimates and projections that involve risks and uncertainties in Smoke Cartel, Inc.'s (the Company) business that may cause actual results to differ materially from those anticipated by the statements made herein. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. Smoke Cartel undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.)



Cision View original content:http://www.prnewswire.com/news-releases/smoke-cartel-reports-second-quarter-2020-financial-results-301124550.html

SOURCE Smoke Cartel, Inc.

SMKC now pink current

Gotta love it

Looking fantastic, nice and steady

Still holding here, solid play

Volume will come in due time..!

Yep still getting loaded

Another low volume ticker breaking new highs.

yes,float count went....
from 3.5 million shares to 6.8 million shares,and the convertible NO MORE.

Slow and steadily the float becomes locked!

am i dreaming and another possibility........
update(from my model) says 2q 2020:
revenue $950k+ from $717k+
net income $155k+ from $53k+.

AGAIN,the BIG ASSUMPTION:
the convertible was paid off by internally generated cash,100% and no less.

good news again......
from the updated 1q 2020 ER:
During the six-month period ending June 30, 2020 the Company repaid $75,000 in principal and accrued interest to Tangiers Global LLC.
During July 2020, the Company repaid the remaining principal and accrued interest in full to Tangiers Global LLC.

my past posting/remark update:
from
"ps-a smart move by the ceo to cleanout skeletons in the closet,thus he starts with a clean slate,with almost all legacy issues decoupled going forward."
to
"ps-....................,with ALL legacy issues decoupled going forward."

one great possibility:
assuming no external help and all paid with internally generated cash,2q net profit need to be $150k+ to cover the bill of now closed convertible liability.No more dilution at outrageously low prices.Kudo to the ceo.

from the company latest pr.......
https://www.otcmarkets.com/stock/SMKC/news/AUDITED-Smoke-Cartel-Inc-Annual-Report---December-31-2019?id=272221
material:
These audited financial statements for the year ended December 31, 2019 no longer have a going concern qualification.

After a very challenging year, we have pivoted our business to one that is both sustainable and profitable.(may be less 100% material)

Smoke Cartel now partners with over 50 supplier distributors to offer its customers access to one of the widest ranges of smoking pipes and accessories in the industry.

ps-my favorite is the last one,and all about leveraging the inventory,more the better so to speak.
how:
pre-2020 inventory level was $750k-$1 million,self carry;
post-2020 defacto 3rd party level is likely be $100k+(average per supplier) x 50 or $5 million+.This Amazon like model works and growth come from each new accretive supplier plus new products from all suppliers,new and old.
or
huge multiplier expansion(more revenue) exchange for gross profit erosion,it is a good and calculated way to wager.

2019 annual report redone and audited........
Key changes from the unaudited report:
impairment 1 added: -$123k
impairment 2 added: -$773k
eps(loss) of -12c(audited) vs -9c(old)
convertible bond update:
During May 2020, the Company issued 981,873 shares of Common Stock to Tangiers Global LLC upon their conversion of $19,500 of outstanding convertible debt.
During July 2020, in two transactions the Company issued 2,228,772 shares of Common Stock to Tangiers Global LLC upon their conversion of $25,408 of outstanding convertible debt.
subsequently
the current shares count is 25.9 million shares,about 3.3 million shares jump from 12/31/2019.

ps-a smart move by the ceo to cleanout skeletons in the closet,thus he starts with a clean slate,with almost all legacy issues decoupled going forward.

ALL IT NEEDS TO DO IS......
to show any sequential revenue growth on the upcoming ER,from $600K(q1) to $660K(q2) revenue is my guess,hope that would do the trick.

Nice and easy, let them continue to slow load.... and then we can RUN

Read this article here

$SMKC - Smoke Cartel Inc. sells up to 3 times as much this year https://t.co/VeFheu6zuK

— Pennystocks.news (@PennyStocksN) July 31, 2020

excellent article and thanks.....
https://pennystocks.news/exclusive-interview-smoke-cartel-inc-reveals-remarkable-information-smkc/
my favorites:
Our new marketplace model has allowed us to scale back our internal operations, while at the same time expanding the number of products offered and delivering larger volumes of orders. Because we rely on our dropshipping partners to meet customer demand, we have been able to reduce our corporate office footprint and eliminate most of our in-house warehousing operations. This provided additional cost savings, even when our top line growth in 2020 is approaching 100% year-over-year.

$$$$$$$$$$$$$$$$$ Our marketplace model was in place at just the right time and we are now in a position to continue to build on what started as a risky strategy, but proved itself to be a very successful business model for our industry.$$$$$$$$$$$$$$$$$$$$

Detailed Plan of Management:
Looking forward, we continue to add new products through additional dropshipping partners and on-board more products from some of the larger distributors. Our business is now focused on the following keys.
1 Continue to reach out to our existing customers through various social media platforms, while staying on top of the SEO metrics to ensure that new customers are finding our site for any of their online searches.
2 Manage our existing relationships with our dropshipping partners through constant communication to address issues while offering opportunities to improve their systems and make them more efficient in processing orders.
3 Identify new dropshipping partners to ensure that our mix of product offerings meets customers’ demands with the most useful and entertaining products available.
4 Continue to look for ways to make our own operations, as well as our partners’ operations, more efficient and streamlined which will allow us to maintain the efficiency gains we’ve already achieved.

A good plan,plus a clear and easily executable operation,plus a value-leverage-added marketing,plus a customer-center-focus: $$$$$$$$$$$$$$$$$$$$$$$$$$,highly probable.

Its starting!!

might be sooner than expected

keeping an eye here

I like what I see here,

Interesting..

Interview with Smoke Cartel!

$SMKC - Exclusive Interview: Smoke Cartel Inc. reveals remarkable information https://t.co/3XdvKJnBMg

— Pennystocks.news (@PennyStocksN) July 30, 2020

Hmm....

Overall quite, $SMKC will have it’s day..

SMKC in a nutshell........
From 10q 2020:
Model-
to onboard new dropshipping partners, as well as expanding the product offerings from the existing dropshippers(sounds like Amazon without inventory).
Revenue-
"The primary cause for this(revenue) increase was a change in our business model that relies on most of our products being delivered directly from third-party dropshipping partners. This models allowed us to offer a wider offerings of products as well as avoiding out-of-stock notices as we were unable to replenish our own inventory during 2019 due to financial constraints.
The Company expects to continue to onboard new dropshipping partners, as well as expanding the product offerings from the existing dropshippers. If customers continue to come to our website and purchase a wide variety of product offerings, we expect our revenue growth to continue."
Cost-
"The decrease in gross profit margin is attributable to the expanded dropshipping model used by the Company. The Company expects that the lower gross profit margin will continue at this level, and the overall gross profit will increase as revenues increase due to the broader product offerings being sold to our customer base."
Expenses-
"Management expects to maintain these lower operating expenses during 2020 until such time as its revenue growth requires further investments in staffing to support the growth."

The interim CEO seems to know exactly what he is doing and it has worked last q.Will the progress continues in q2?That is the million dollar question,I believe it is highly likely as the transformation take holds.

additional progress made since 3q 2019.......
a new interim ceo/cfo,realist and a bottom-line-centric type of guy
business model transformation:revenue increase over gross margin expansion,no inventory,less(is more) sg&a,and more
.....
.....
and
the best part,as shown by q1 2020,the transformation has been working and resulted in a profitable quarter in q1 2020.A first confirmation of good things to come,highly probable.

a newbie to the board...........
can things get worse?can price drop below 1c??can the f**kup continue???
perception says yes to all and the stock price reflect that 100%.
risk/reward:
just too attractive if it can pull it off from the abyss.
a little positive step:
instead of more dilution galore,up to 50%+,at 5c or less,the company decided to do payment on the $500K+ convertible,under the agreed forbearance agreement.A great use of the capital for the interest of the management and its shareholders.a win-win for both.
the company has $325k=$200k(cash) + $125K(ppp) or ample amount to cover payment and buy time needed for recovery.

next ER:
if it can break even again like the last q,this dog with flea may able to stage a comeback.

shhh.. no one cares