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Alias Born | 01/24/2011 |
Sunday, September 07, 2014 10:43:45 PM
CANV's entire business model is based on importing semi-processed hemp oil grown by others in Europe, then raising both the CBD content and price via expensive refinement procedures,
CANV isn't set up to grow its own marijuana, and by the time it might start doing that, it will have used up nearly all of its cash from the $1 stock offering of Nov/2013 - March/2014.
It will therefore have to raise cash via another stock offering to either pay others to grow the marijuana or start its own grow operations.
It will be well behind the curve of those who are growing Charlotte's Web in places like Colorado and Central and South America.
Poor CannaVest, putting itself onto a dead-end street, but they knew that they only had a limited window, unless of course, they decide to focus solely on hemp seed proteins, then maybe, though it's a commodity business, at least they'll have something.
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