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The ongoing hypocrisy of federal scheduling vs the state legalization rush and the griner outcry vs tens of thousands of imprisoned Americans for similar “offenses” certainly speaks to an untenable situation but the problem is with a very well-moneyed agenda supporting the stonewall, it’s anyones guess when the wall finally crumbles. Best case for 22 appears to be SAFE + which depending on what’s included could light a fire. Unfortunately, even if the US were to deschedule and open up interstate commerce (I’d guess MSO’s are secretly lobbying against that happening anytime soon), imports might still be blocked - look no further than Canada’s double standard legalization policy with local and export suppprt and imports blocked.
either way someone is looking at this . the LGBTQZMGXWJF WNBA player/cannabis consumer/Russian prisoner/Brittney Griner is bringing much attention to the social status of the sacred herb . If the Lance Armstrong wannabe ( Joe Biden ) see's Griner as absolutely innocent , then shouldn't ALL adults receive the same status with THC possession in the constitutional republic he took an oath to completely destroy ? WHEN the hammer of federal legalization drops , this one could bounce into and or above the $ 20.00 mark .
Analyst initiates coverage just a week prior to earnings - I don’t recall ever seeing that before. I’d imagine he must have gotten a positive off-line update from Andres recently to put this out. The company has made some commercial strides recently in Germany and Israel but still there are a lot of unanswered questions with such an enormous cash burn rate. $27M in additional ATM issuance ideally offered in the $2.50 to $3.50 zone should theoretically shore up cash needs through Q3 23 while retaining a respectable share structure.
We can agree to disagree on this. While I appreciate your optimism the reality is cannabis is still a political football being kicked around. Schumer’s far left bill is as out of touch with reality as the far right and their “refer madness” idiocy. Political will is barely closing in on modest incremental reform at the federal level. That’s just the reality. The very best case scenario is Schumer’s bill is expeditiously voted down and they can get enough votes behind SAFE prior to the midterms. But I’d love to end up being too pessimistic about all this. Either way CLVR appears cheap and should at minimum trade closer to PCLO market cap since these are closely comparable peers.
It’s not laughable i read the main parameters related to cannibis and it sounds reasonable, republicans have an incentive to offer amendments to make an honest effort at making the bill better or be branded as the party of non reformers and too old school, prior to the election could diminish the expected red wave, the republicans could snatch defeat from the jaws of victory by paying little attention to the bill
Schumer’s bill is still a laughable non starter just as it was last year. Extraordinarily high excise tax rates that will further strengthen the illicit market over legal companies and a significant social equity over-reach that repubs will never allow. Let the states handle expungements and design a fair social equity platform. Design a fair tax structure in line with that of alcohol so that the illicit competition can be beaten on price and quality. But this is all just noise - Schumer’s bill was merely designed to appease his base. Only piecemeal reform stands a chance. Get some form of SAFE banking done prior to November because once Mitch takes back the reigns of the Senate, there’s absolutely no chance anything for the cannabis industry goes through. Schumer should know this and rush toward a compromise once his bill is officially declared dead, which won’t take long.
I agree the lack of details was not good
I think they need it passed GLTA
Schumer’s bill is a farce. Incremental reform is the only possible path through uncompromising gridlock.
they said this week with the legislation
The chart has given false signal after false signal because CLVR is a play toy for the hedge funds, shorts and algos. They game this thing as they see fit. Minimal retail interest or knowledge of this company not to mention the sector being in the toilet with abysmal liquidity flow outside of the aforementioned opportunistic sharks. If the long shot SAFE bill somehow gains real traction that could light a fuse under CLVR but Schumer’s bill is already assumed dead. CLVR doesn’t make a dime, in fact they’ll have burned well over $100M well before they hope to see a profit, which is why it trades at a $45M market cap.
Anyone who sells a cannibis related stock this week isn’t paying attention
mentioning alcohol , I would like to suggest while you are a refreshing coffee flavored adult beverage , your alcohol content is incredibly low .
the chart could have the answer and the ability to predict the future . most likely , every state in the U.S. will be full blown recreational before the federal government allows the majority of it's citizens to have their wish granted . I don't think it will take several years , many nimrods claim cannabis needs to be "studied" more so the human race will know exactly how the plant can be useful , or if it is . a plant that appeared on earth a few years before that dude in the sky created humans . a plant that will remain on earth a few years after that dude in the sky punches every humans time card . alcohol prohibition should be re-activated and remain until the sacred herb is legalized .
https://www.viridianca.com/chart1
“Full federal legalization is still years away at best”
the float size in this will allow a much higher bounce than $ 8 . just discovered this & immediately added calls expiring in January $ 7.50 strike hit the axe @ .10 . the call options side of this is where the face melting percentage increases will happen . the only catalyst needed to achieve this is some serious federal legislation .
The confirmation of first commercial sales into Israel is very good news but frankly it’s short on details so the market yawned. I’d guess this is not a substantive first sale but hopefully it’s the beginning of a whole lot more. Partnering with Intercure was a huge coup for CLVR.
$8.40 on legalization and increased sales
“9:02a ET 7/18/2022 - Benzinga
Clever Leaves To Ship First Export Of Cannabis To Israeli Partner InterCure
Clever Leaves Holdings Inc. (NASDAQ: CLVR) (NASDAQ: CLVRW) will ship the first commercial export to Israel of high THC flower for medical use from its facility in Portugal through its partnership with InterCure (NASDAQ: INCR) (TSX:INCR.U) (TASE:INCR). With this initial shipment, medical cannabis patients in Israel will now have access to Clever Leaves' cannabis flower grown in its IMC-GAP equivalent cultivation facilities.
Clever Leaves will first supply InterCure with a high THC strain followed by several other genetics that will arrive, as part of the long-term partnership agreement between the companies previously announced.
'Our partnership with InterCure has been a long time in the making and we are thrilled to be working with one of the most prominent names in Israeli medical cannabis,' stated Andrés Fajardo, CEO of the company. 'Israel has been a strategic market focus for Clever Leaves and InterCure's position as a market leader further solidifies our plans for growth in the region. In addition to this being representative of our continued global expansion, it proves that our products can meet the most stringent regulatory standards in the world.'
Complementing the company's plans to continue distributing high-quality flower to medical patients, Clever Leaves will cultivate Canndoc's proprietary genetics in its Colombia and Portugal facilities, meeting all regulatory and compliance standards, for distribution across Israel and other countries.
Photo: Courtesy of Clever Leaves Holdings Inc.
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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Germany isn’t legalizing until 2023 at the earliest.
The US is deadlocked with no end to decriminalization in sight. Dems have a few more months left before handing back Congress to the repubs but it’s very clear Schumer is not the guy who will get anything done.
Flower exports are the key. They have to prove they can grow high grade desirable cannabis for the medical market. They failed miserably at this in 2021 and they need to climb the learning curve fast this year and prove they can compete. If not, this is dead money just hoping on a cheap buyout.
Probably something with Germany, although the U.S. Congress may want to legalize or facilitate weed stocks before the election
What catalyst are you looking for?
Warrants were on sale last Friday. Added a bunch at .114 and .125.
Investors really need Brazil to open up while we wait for them to adjust and fix their significant flower issues. Turns out growing cannabis that discerning medical consumers want isn’t that easy. By Q4 CLVR better show a vastly improved top line to start closing the sizable cash burn rate. For now there’s not much to get excited about. This sector is the most reviled and capital starved sector in the entire market.
Or maybe not, lol, think I will go watch some paint dry! lmao
maybe a good day tomorrow for the markets CLVR https://stockcharts.com/h-sc/ui?s=clvr
Are they holding this down for someone to load a 1.50?
Just thinking out loud, I know there are much more knowledgeable people here that can see and read things that I can't. Thanks for any input.
News out........Clever Leaves Germany GmbH Becomes a Fully Licensed Medical Cannabis Distributor in Germany
wow impressive CLVR will do well in a recession like booze
Huge money to be made
chart looks good 5.29 on the 200 day https://stockcharts.com/h-sc/ui?s=clvr
thanks u too CLVR
Pukens punks could make a mistake and lob one into Poland and the big game could start.
I got lucky and didn't notice this one until it was trading around $1.80 and bought 3 times now below that. I also have time and patience and I wish you the best.
ya optimistic for sure , overall markets seasonally decline around early May , in uncharted territory with the War and Biden running the show , I got 14k shares avg. 2.52 , holding, I got time CLVR
Maybe that'll kick in later once the loading is complete.
I dunno my friend. $2.20 end of week might be a stretch. Would be nice though. Guess it depends on news.
2.20 this week? markets rebounding , financials CLVR
Needs to break $1.73.
shows strength CLVR imo could easily see 10 again , who knows when
maybe buy even cheaper , holding off for now , buying gold CLVR
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