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Schumer Touts Senate Marijuana Research Bill Among ‘Historic Progress’ Under Biden As Legalization Measure Lingers... https://www.marijuanamoment.net/schumer-touts-senate-marijuana-research-bill-among-historic-progress-under-biden-as-legalization-measure-lingers/
THE WISE WQLF SAYS; Since the itsy bitsy spider web company cannot Dilute their shares until January 2023 and they have no deep pocket investors that are ready, willing, and able to invest in a company that is on the brink of reorganization bankruptcy, the 10 Million dollars of their credit line that is their only life line left, that apparently was being utilized to Finance and purchase the right to take over the Seven Dwarfs Marihuchee project, this company is now in Deep Doo Doo YQU Now Understand YQU Understand Have Mercy WQLF Ahooooooo
Fang Fang Said;
Hang in there CW longs. We’ll be standing long after weak competitors like CVSI are 6 feet under or acquired for nothing.
CW continues to make make moves!
Nice!
Cannabis has more bipartisan support than ever and cannabis giant reports 385 million in the 2nd quarter Earnings. .... Changes is coming... https://finance.yahoo.com/video/cannabis-reform-never-more-bipartisan-154311158.html?contentType=VIDEO
THE WISE WQLF and WISE MAX Says; Exactly more cash burn. The use of the Midwest Rack Jobber Company will bring their bottom line even further down like pants to the ground YQU Understand Have Mercy WQLF Ahooooooo
"Another iron in the fire, that’s good." Should read, Another million in the fire, not so good. All expansion does is burn more cash,..BURN THAT CASH BABY..M
Another iron in the fire, that’s good. Their expanding their reach in both products offering and in world wide offerings. There reduction in sales combined with reduction in SG&A “could be “a retool and reset on where they want to go. I think it maybe a qt or two before we see the results of what they’re currently doing, expanding takes some time to see the results, but they seem to have a different, or perhaps a shift, in aligning their business in what they want to be going forward under the new CEO. Regardless of what people say they are still the leader in this sector. It will be interesting to see what the 2nd half of the year will bring.
High points from Q2 Earnings call:
Q2 EBITA Loss of 5.4 Million
Q2 Net Loss of 7.9 Million
Q2 Revenue down 21.8% from Q2 2021
Cash Reserves down 4.7 Million in 2022
Elimination of 60 positions in the operation
Sounds like Life support to me...UP IN SMOKE...M
Really ?... You're not up 5%, you're down $25.40. If the analysts are correct, and I can't say it will get a lot worse, because there isn't a lot to work with, but bag holders will continue to get burned in this Ponzi Scheme. The Stonely Bros couldn't find their butt with both hands in a closet...BK TIME..M
THE WISE WQLF SAYS; ALL of the smart money has gotten out while the dumb moneys keeps getting dumber YQU Understand. Have Mercy WQLF Ahooooooo
Talon Zipper Said;
(edited)Well, it may be a while before you get any kind of reasonable answer to that question.
Then why are we up 5% since and not down 8%? Answer that. The march continues.
Market forces pissed on the leg of C W Bag Holders yesterday, when analysts downgraded their forecasts for both revenue and earnings per share estimates. Smells like the beginning of the end, not even one of those infamous side by side comparisons can save this piece of crap. It's gonna be a slow, painful bleed out for those that continued to buy into the Stonely Bros Ponzi Scheme...I would sign off with CASH BURN, but I don't think there is much more cash to burn...M
THE WISE WQLF SAYS; Check this FLUFF NEWS to distract the itsy bitsy spider web losers. Have Mercy WQLF Ahooooooo
Dr. Joong J Fang; Don’t look this way, look this way. Too Funny Lollipops.
https://finance.yahoo.com/news/charlottes-reveals-premium-sports-product-122000362.html
WQLF Says; Definitely not the NFL or MLB as most of the losers on this board were talking out of their @@@ YQU Understand Have Mercy WQLF Ahooooooo
AP17 and Maxwell were Right and Not WOKE YQU understand. Have Mercy WQLF Ahooooooo
Dr. Joong J Fang Said; Burn Baby Burn. Lollipops
https://finance.yahoo.com/news/bearish-analysts-just-cut-charlottes-102342417.html
“Market forces rained on the parade of Charlotte's Web Holdings, Inc. (TSE:CWEB) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
Following the downgrade, the consensus from six analysts covering Charlotte's Web Holdings is for revenues of US$82m in 2022, implying a perceptible 5.5% decline in sales compared to the last 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 81% to US$0.18. However, before this estimates update, the consensus had been expecting revenues of US$96m and US$0.15 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.
Analysts lifted their price target 35% to US$1.55, implicitly signalling that lower earnings per share are not expected to have a longer-term impact on the stock's value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Charlotte's Web Holdings, with the most bullish analyst valuing it at US$2.00 and the most bearish at US$0.70 per share. This is a fairly broad spread of estimates, suggesting that the analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Charlotte's Web Holdings' past performance and to peers in the same industry. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 11% by the end of 2022. This indicates a significant reduction from annual growth of 0.9% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 23% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Charlotte's Web Holdings is expected to lag the wider industry.
The Bottom Line
The most important thing to take away is that analysts increased their loss per share estimates for this year. Regrettably, they also downgraded their revenue estimates, and the latest forecasts imply the business will grow sales slower than the wider market. The rising price target is a puzzle, but still - with a serious cut to this year's outlook, we wouldn't be surprised if investors were a bit wary of Charlotte's Web Holdings.”
With that said, the long-term trajectory of the company's earnings is a lot more important than next year.
THE WISE WQLF SAID; Maxwell was referring to the Cash Burn of CWBHF YQU Now Understand YQU Understand Have Mercy WQLF Ahooooooo
Dr. Joong J Fang Said; Wake Up The Woke lollipops
https://investorshub.advfn.com/uimage/uploads/2022/3/8/j%5Bwxsburning_money_coal_sailors_shovel_gif_fairy_odd%E2%80%A6.gif
You said - "another 160K in the furnace" What are you talking about?
I do not think it was a weak 2nt qtr, the earnings were as I would have expected from this dumpster fire. Another day of declining sales, another 160K in the furnace, nothing new here... .FEEL THE BURN BAG HOLDERS...M
A little weak in that 2nd qt. Never a good thing when you have falling sales. On the other hand that drop in SG&A is a very welcome, if they can maintain that for a year they would save roughly 30 million from the previous year. Need to get that sales squared away however.
CBDHF down 5 percent today on miserable earnings report and YCBD up to 50 percent today. Have Mercy WQLF Ahooooooo
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Delivers-Operating-Improvements-on-Lower-Revenue-in-Second-Quarter-of-2022/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Engages-Hanson-Faso-Sales-and-Marketing-Inc.-for-the-Central-United-States/default.aspx
https://investors.charlottesweb.com/financials/quarterly-earnings/default.aspx
https://app.webinar.net/mNrPWZjWonD
I do think SAFE has a chance this year, but it's going to take 60 votes somewhere to do it.
Also as a fyi - Epidiolex will be eligible for patent challenges on September 28, 2022.
Follow up - Patent 10,137,095 will not expire until June 17, 2035. That would be the time for a generic version
BETTER STUFF From DEAN YQU Understand Have Mercy WQLF Ahooooooo
EPILEPSY CBD and epilepsy – study confirms whole-plant benefits
The whole-plant product was more a more effective inhibitor of sodium channels in epilepsy.
Published 6 hours ago 5th August 2022
https://cannabishealthnews.co.uk/2022/08/05/cbd-epilepsy-study-confirms-whole-plant-benefits-cbd22/
WQLF Says;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169595917
Here is some stuff...
Bloomberg+CBD...
Taking cannabidiol, better known as CBD, may curb the severity of chronic anxiety symptoms in young people, a new study found https://t.co/ozi0TyY746
— Bloomberg (@business) August 4, 2022
THE WISE WQLF SAYS; DILUTION DILUTION DILUTION
Over 174,000 Shares added to the Outstanding Shares in July. Have Mercy WQLF Ahooooooo
Authorized Shares
Unlimited
07/27/2022
Outstanding Shares
145,453,442
07/27/2022
Outstanding Shares
145,450,846
07/11/2022
Outstanding Shares
145,278,165
07/04/2022
Be that as it may 60 votes is still a tough number. We'll see.
“Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Itsy Bitsy Spider Web Company"), will report its second-quarter financial results in the wee morning of August 9, 2022.”
https://finance.yahoo.com/news/charlottes-q2-2022-earnings-call-123000427.html
Senate Finance Committee, reintroduced a revised bill to decriminalize marijuana at the federal level and to remove it from the schedule of federal drug offenses. Congress should pass it for two reasons:
?While attitudes about marijuana use once presented a challenge, this is no longer the case. Most Americans support the legalization of recreational and medical marijuana. Recreational marijuana is now legal in 19 states, as well as Washington, D.C., and medical cannabis is legal in 37 states.. https://www.usatoday.com/in-depth/opinion/todaysdebate/2022/08/01/senate-democrats-cannabis-marijuana-pot-bill/10028524002/.
July has been a nice ride from 40 cents to 70. Ripley's believe it or not.
New document from Health Canada...
"REVIEW OF CANNABIDIOL":
July 2022
https://www.canada.ca/content/dam/hc-sc/documents/corporate/about-health-canada/public-engagement/external-advisory-bodies/health-products-containing-cannabis/report-cannabidiol-eng.pdf
House Passes Bipartisan Marijuana Research Bill, With Senate Expected To Send It To President Soon if Obama is capable YQU Understand Have Mercy WQLF Ahooooooo
https://www.marijuanamoment.net/house-debates-bipartisan-marijuana-research-bill-with-vote-expected-imminently-before-heading-to-the-senate/
Yep, CW making moves. It’s nominal competitor CVSI simply doing same old same old.
Yeah, like CVSI GOIBG 9 bucks to 3 cents and going lower.
CW is best in class and not changing.
Best in class! Cream of the crop! Head Honcho!
Shorts scrambling to cover had to pay up to get out positions. Others averaged up at highs of the day sending it back down. Action is all it is. CBD oil has a future here with this company. Other companies in space well go figure shorts will never cover.
The UK has rules setting example U.S. will follow.
(edit-is CWBHF is the only U.S. CBD company selling(or able to sell in Canada?). I'd love to know how we moved up so much on such little volume. Any ideas? I'm thankful either way.
I'm only allowed one post per day here, but would like to know if this article(featuring CW) explains it, or is there something else pushing us up today?...
"Is Canada (finally) going to allow CBD to be sold in mainstream retail?":
July 26, 2022
https://mjbizdaily.com/when-will-canada-allow-cbd-to-be-sold-in-mainstream-retail-stores/
well, adding to that... Big Pharma is adding funds to the swamp as we **speak**. Supplements , nutrition and Natural Remedies work and they are afraid of it.
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