Dan Bilzerian, also known as the “King” of Instagram, is taking Green Axis Capital Corp, the marijuana company he co-founded, public this year.
Very soon, everyone will be able to buy and invest in Green Axis Capital Corp stock, but a lot of people are wondering how to do it. Here’s a quick guide on the 1st step to get started so you don’t miss out on the IPO.
Green Axis Hasn’t Gone Public, But You Can/Should Still Buy Marijuana Stocks
Although Green Axis isn’t a publicly traded company at this point in time, this shouldn’t be an excuse to avoid investing in legal marijuana companies. Some of Dan’s recent Instagram comments hinted at an IPO near the end of 2018, but this is not substantiated by any official paperwork filing, which is never a good sign for a timely IPO. Although this is a bummer, there is a silver lining. Dan Bilzerian’s company isn’t the first marijuana company in the US and it won’t be the last.
There are dozens of very popular public marijuana companies that you can invest in right now. Many of which will arguably make better investments than Green Axis, (because they won’t be run by a 30-something potential trust fund baby with minimal business leadership experience.
Why Wait for a full Year?
We’ve written several articles on the best marijuana/cannabis stocks to buy in 2018. So many investors are interested in investing in marijuana and cannabis companies, because the marijuana industry is one of the fastest growing industries in the world. Think investing in alcohol companies right when prohibition was coming to an end… Here’s a quick summary of three hot pot stocks to invest in right now while waiting for Green Axis to IPO. Full article is viewable here.
These are three popular cannabis stocks you can buy right now.
OTCMKTS: MSRT Massroots, Inc.
Massroots is a technology company that created a popular cannabis app with over 1 million active users.
OTCMKTS: MJNA Medical Marijuana, Inc.
MJNA is a cannabis-specific investment company that owns over eight companies with eight different brands.
OTCMKTS: KSHB Kush Bottles, Inc.
Kush Bottles is a packaging supply and services company exclusively for the marijuana industry.
In order to buy shares of a publicly traded company, known as “stock,” you need to have an online brokerage account. But not just any brokerage account. You’ll need one that permits OTC stock trading (over-the-counter), as the majority of public marijuana companies in the US are not large enough to be listed with Coca Cola and Johnson and Johnson on the New York Stock Exchange.
We conducted a full review of online stock brokers in 2018, and we determined is the best overall stock broker for marijuana stocks. Out of every broker that offers 24/7 customer service via phone and live chat, Ally has the lowest trading commissions, only $3.95 per trade.
Also, there are never any opening, maintenance, or inactivity fees at Ally. Other brokers like TD Ameritrade charge $6.95 per stock trade! Ally’s trades go as low as $3.95 for high-balance or high-volume traders and start at $4.95 for regular traders.
Once you account is opened, to buy stock, all you have to do is enter in the ticker symbol into the “quote” box on this page on Ally’s platform and select the number of shares you want to purchase.
Can You Invest in Green Axis Right Now?
The short answer is no, because Green Axis hasn’t gone public yet. However, Green Axis isn’t the first publicly traded marijuana company, and it certainly won’t be the last. In other words, there’s no reason to sit around and wait for Green Axis to go public. Right now, you can invest in other marijuana stocks with proven business models in the interim.
What is Green Axis Capital Corp?
Green Axis Capital Corp is the name of Dan Bilzerian’s new global cannabis company. According to GlobeNewswire, ALQ Gold Corp. (CSE:ALQ) has made a binding LOI (letter of intent) with Vulcan Enterprises Ltd.
Vulcan Enterprises Ltd. is the company that owns the IP rights (intellectual property) of Dan Bilzerian, including photographs, voiceovers, and likeness. Dan’s brands of “Burn by Bilzerian” and “Ignite by Bilzerian” are two of the most well-known brands Vulcan has the IP rights to.
ALQ Gold Corp, soon to be Green Axis, has entered into a private placement to raise up to $10,000,000 to distribute 10,000,000 shares of the company at a share price of $1.00. In other words, this is how Dan Bilzerian likely purchased his stake in Green Axis.
In terms of what Green Axis will do as a company, according to the company’s website, Green Axis will “make strategic investments into the highest quality cannabis businesses by providing growth capital, knowledge & best practices in business scaling, and the opportunity to license our brands with a powerful go to market strategy.”
I’m going to create the first global cannabis brand, taking Green Axis public next month pic.twitter.com/cDwfQtnstQ
— Dan Bilzerian (@DanBilzerian) January 16, 2018
More Info About Green Axis
On Green Axis’s Instagram page, Dan Bilzerian is quoted describing how he is creating the world’s first global cannabis brand. Apparently, Green Axis has the backing of multiple hedge funds, a CEO with 30+ years of corporate experience, and is also being led by Matt Morgan, who has significant experience in running cannabis companies, like Reef and Tryke.
Say what you want about Bilzerian’s Instagram antics, but the man is rumored to have an IQ near the genius level, along with his father, Paul Bilzerian, who established a multi-centimillion dollar fortune as a corporate takeover specialist.