Elixinol Global Ltd (ELLXF)

[kjsdisty]

I’m in Let’s gooooooo

[CannabiNERD]

How can you load the boat when it trades less than $5K of stock a day?

[Trons]

Load the boat. Forming an uptrend to .80

[CannabiNERD]

Bot sure why any of these hemp companies are public.

[radly]

Great stock. All time lows and still dropping.

[starkd748]

Soon...

[JohnCM]

I like all of those. I am actually going to miss this rally. Bought Revive.

ETF MJO is moving too.

[ANIA77]

CWBHF CVSI CURALEAF has been on fire last few days.. wondering if ELLXF will get some push as well.
Their market cap below $20mln (@0.15)
While last annual report shows $20mln cash and $20mln in inventory..
Revenue for 2019 was $27mln

[slayer70]

I just talked to a specialist, I thought they where shares he told me their rights some times you can sell those rights or buy those rights at a big discount( I don't want to do that ), he wasn't sure because elixinol didn't specify their intentions.

[slayer70]

Lol, I called my broker THE WEEKEND CREW had no idea, they told me to call back on Monday. I'll post what I find out.

[nunaka]

No clue....This what I got: ZZD99M633
ELIXINOL GLOBAL LTD NON REN INTERNAL RIGHTS CODE RTS EXP 05/
I think it might mean we didn't get filthy rich...lol

[slayer70]

20RTSFRIGHTS EXP 05/21/20NON TRANSFERABLE, does anyone know what this means.

[SpacthatAsk]

Ouch:


Elixinol Global Abandons Australian Businesses to Focus on CBD and Will Absorb A$17.8 Million in Write-Downs

[ShtockMahket]

Its valuation was (and still is!) insane, just like every other company in this sector. Sure, you can say that others (like CWBHF) are worse, but it doesn't really matter. The entire sector is getting pummeled because investors are realizing they got way ahead of themselves. There was way too much optimism reflected in valuations, and as reality continues to creep in you're obviously going to see massive moves to the downside like the one ELLXF experienced. Let's be clear: Elixinol is a disaster fundamentally. Things are getting worse every quarter. There's nothing atypical about a 75% move lower for a stock with financials this bad in a sector that was massively overheated before sentiment turned.

Again, though, I'm staying far away from this. I was dumb enough to believe in this company back when it was actually profitable and had revenue growth, and because of that I only broke even when the inevitable happened. All I can say is be careful.

[mc73]

Dont hold your breath waiting for the corrupt FDA to do its job

[malekabal42]

What was the justification for the PPS dropping 75% over the last 3 months? A PPS comeback makes sense to me. Hopefully the FDA will enact CBD regulations soon.

[JohnCM]

[Golden Cross]

$ELLXF Tier_Change: OTCQX International to Pink Current

OTCM Link
https://www.otcmarkets.com/stock/ELLXF/disclosure

[ShtockMahket]

By "unique," I mean something that doesn't apply to others in the sector. The former of your links is likely the reason for this rally, but if that is the case, I view the rally with extreme skepticism because the rest of the sector is not responding as euphorically, although there have been moderate gains. For the latter, it's hard to chalk up a 100% gain (on ASX, of course) to dog treats. Are they even new? I know they've been targeting the pet CBD market.

[foti1kenobi]

Barring some sort of a unique catalyst

This helps :
https://thecannabisradar.com/bill-for-legalizing-cbd/9130/

And this:
https://www.elixinol.com/all-cbd-hemp-products/cbd-pet-treats

Elixinol has cash on hand and have moved from a science approach to more consumer sale$

[ShtockMahket]

Australian listing up 36%... and so the rally keeps cooking. I think it’s very hard to justify this recent price action based off what is publicly known. Barring some sort of a unique catalyst, I think this rally falls apart. Not positioned in this, though, nor have I been for months.

[JohnCM]

ELLXF

Cash on hand $37.4M as of 11/30/2019. Not bad.
What happened to Japan?
Shares outstanding 125,000,000 as of 06/12/2019 Good.

Last financials June 30, 2019??

Six months ending 6/30/2019
Loss $9,859,000
Revenue $17,455,000

Not bad. Did I miss anything? I guess we are waiting for 2019 2H results?

[SpacthatAsk]

https://www.newcannabisventures.com/global-cannabis-stocks-close-out-challenging-year-with-1-1-gain-in-december/

[starkd748]

Actually thats wrong congress is giving them 180 days

[SpacthatAsk]

You as well

[greenwillow]

Will be interesting to see how it plays.

Some unlocks have done better than others.

Good informational post dude....happy new year!

[ignatiusrielly35]

I’ve seen investors worry about unlock in multiple companies in this sector. Not one actually saw any significant insider selling, if any at all.

[SpacthatAsk]

Yep, just all holders should know what happens......gl

[ignatiusrielly35]

All insider shares unlock at some point.

[SpacthatAsk]

Anybody still in this be aware;


The broker noted that the escrow period for founding shareholders who control 56% of the company will end on January 8, 2019. This means there may be a fresh wave of selling in 2020 – not a great way to start the new year.


https://au-finance-yahoo-com.cdn.ampproject.org/v/s/au.finance.yahoo.com/amphtml/news/why-elixinol-global-share-price-022239016.html?amp_js_v=0.1&usqp=mq331AQCKAE%3D#origin=https%3A%2F%2Fwww.google.com&prerenderSize=1&visibilityState=prerender&paddingTop=32&p2r=0&horizontalScrolling=0&csi=1&aoh=15779283310567&viewerUrl=https%3A%2F%2Fwww.google.com%2Famp%2Fs%2Fau.finance.yahoo.com%2Famphtml%2Fnews%2Fwhy-elixinol-global-share-price-022239016.html&history=1&storage=1&cid=1&cap=navigateTo%2Ccid%2CfullReplaceHistory%2Cfragment%2CreplaceUrl%2CiframeScroll

[manofIsle]

Fda will never allow cbd in food and drink. Its over. And this is a scam anyways...

[starkd748]

Thank the FDA red tape and an overbought sector..

[starkd748]

Wow the bottom fell out.... 1.00$ didnt hold

[Pan_O_War]

ELLXF RIP

[Rogerthat1]

Gap up coming today eom

[Hippd]

My goodness, why has the SP gone down so low? What happened?

[malekabal42]

I added today to average down. Not enough cash burn to go bankrupt.

[Rogerthat1]

Have you been able to buy this ticker on IB? I bought in fidelity but would like to add to my IB port as well.

[Rogerthat1]

Might take a while so plan to add more on these lows until they decide to reverse them tickers

[ANIA77]

I see the news that they are going to exit Japan market.. not a big deal. They were making less than $1 mln over there and they own only 50% so it's going to have zero impact on sales.. but instead could rise some cash for them from selling their 50% of ownership..
Also I see that yahoo says they are crashing because they may get hit with lawsuit that they label products diatery supplements.. oh well, they would be just one of many cbd companies in the same boat.. they will just have to join forces and fight this ridiculous suits simply blaming that based on FDA info about supplements, they do qualify for just that.. and since FDA is not rush to tell CBD companies what they should be label.. then FDA is the one to blame here..
At the end of the day $ volume is very very little.. so it's not major selloff.. probably a few people cutting losses for a tax break before year ends.. I think selling pressure will ease once this is done.. there could be really good opportunity to add if it goes lower.. Hemp industry is not going anywhere.

[Rogerthat1]

Thanks for the dd. I just looked at chart, balance sheet and liked their cash position given the uncertainty right now.

[ANIA77]

They show $48mln cash and almost $200mln in assets (less than $12mln in all liabilities).. also reported $17mln in sales during first half of 2019.. so they should make $30mln in annual sales easy...
And yet current market cap only $55mln.. it's an absolute no brainer buy at this market cap. This is easy 100 % gain once it gets a little bit of buying pressure.. it will move on air to $1 and higher (1.5-2.0 imo) mark my words..
They probably have the biggest variety of SKUs products out there.. tinctures, capsules, vapes, topicals, pet line, hemp skin products Sativa, edibles like hemp seeds, hemp protein powder .. yes, all products are organic.. Also international footprints selling in Australia and Japan..
To add icing on a cake are two names in a company: Joy Beckerman (Vice-president of US Hemp Roundtable. She is probably one of the most knowledgeable when it comes to regulations) and Paul Benhaim (pioneer in hemp cultivation since 1993)

[Rogerthat1]

Bot this yesterday in low 50¢. Will wait for 30¢ to load more if they take her there

[malekabal42]

Is this going to pennyland

[mick]

https://otcbb.swingtradebot.com/equities/ELLXF

[malekabal42]

Will Elixinol Global be a part of this? Doesn't the PPS need to be over $1.00 soon?

[ANIA77]

Hemp is going big worldwide.. FDA won't stop it..
https://educateinspirechange.org/alternative-news/lego-plans-to-make-all-its-bricks-from-biodegradable-hemp-plastic-by-2030/

[ANIA77]

FDA gave warnings to companies that make claims that CBD products treat disease etc.. something that they want only drugs to be able to do since Big Pharma spend millions on drug trails to prove the claims.. also FDA still says that CBD can't be added to food since Epidiolex (which is CBD) was approved as a drug over a year ago and you can't add drugs to food.. that be said FDA still hasn't release regulations and they said they will give update within next few weeks.

[malekabal42]

These products are not included in the new FDA warning about CBD products?

[ANIA77]

Yes, but hemp/CBD contains legal amounts of THC which is less than 0.3%