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Thursday, August 25, 2016 11:51:56 AM
If marijuana were to become legal within the next year or two, then CVSI would have to write off millions of dollars of inventory, as CBD from hemp would become practically unsellable.
As to your comment about net assets, please show your math.
The OS was roughly 35M shares just before note conversion began in Nov, 2015. By the time it ended in March, 2016, the OS was up to 51M. That was a 46% increase in shares in just about four months.
Best case, the new $2M convertible note will add a minimum of 550K shares per month for 7.2 months (at $275K in conversions per month), for a total of 4M shares at $0.50/per.
If the price is not above $0.50 at the time of conversion, many more shares will be added.
At the current price of $0.21, the conversion price would be $0.126, and approximately 16.3M shares would be added.
If CVSI had zero stores in 2015 and 560 now, why was the revenue in the first half of 2015 4.4% greater than that of 1H 2016?
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