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Det_Robert_Thorne

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Det_Robert_Thorne

Re: Art Vandeley post# 3116

Saturday, 09/06/2014 4:18:22 PM

Saturday, September 06, 2014 4:18:22 PM

Post# of 82641
Yeah, HempMeds was, but CANV terminated them

Yes, KannaWay wasn't the only distributor for products containing CannaVest's CBD, but because of the big orders required in the initial KannaWay startup, which front-loaded the revenue, CANV saw an artificial boost to 1Q/14 and 2Q/14 revenues.

That boost is going away.

In addition, because CANV terminated the distribution agreement with MJNA's HempMeds, they are losing that sales channel as well, and will have to build or buy a new one.

More costs, less net profits.

Looks like CANV is overpriced.

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Detective Robert Thorn: Telling uncomfortable truths since 2022 

DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name

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