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It' has been at .30 for several weeks now...There have been several earnings releases in this time from various other players and the majority of the stocks have moved in some direction...
Do you think FLOOF will stay here until their earnings call on the 8th?
Yes, I saw it posted a couple days ago. At first glance, the revenue number sounded good. But, that was pre Corona mostly. Whats happening now since Nevada stay at home order? I'll have to look at this more closely.
Flower One Announces Preliminary First Quarter 2020 Revenues..
https://www.otcmarkets.com/stock/FLOOF/news/Flower-One-Announces-Preliminary-First-Quarter-2020-Revenues?id=258442
FLOOF mentioned as one of the 7 best marijuana stocks for 2020
https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/7-best-marijuana-stocks-buy-195041469.html
From Nevada operator 1933 Industries PR MAR 18 2020
https://finance.yahoo.com/news/1933-industries-continues-operation-essential-171800794.html
"...Commencing today, the State of Nevada requires the closing of all nonessential businesses for the next 30 days. The closing mandate does not affect cannabis operators or licensed dispensaries. As such, we will continue our regular operations, with our cultivation and manufacturing facilities in Nevada remaining open, to meet the increased demand for our premium cannabis concentrates..."
New video posted of LV greenhouse
https://flowerone.com/wp-content/uploads/2020/03/Flower-One-Timelapse-Production-Series-Optimized.mp4
Still adding more. Bought at .3380 and .2799
Guess Im one of the few following FLOOF.
Shareholders equity reported in last Q report at 64 cents
I added some shares today.
Havent added since late NOV 2019.
But this scenario has happened before to me and it hasnt worked out in the past for me. So Im being extra cautious now.
Somebody sold shares to me at my bid around 38.25 cents US and then the ASK immediately dropped below what I just paid.
So I put another bid in around 36 and kept adjusting it till I kept it around 36.5 cents. Eventually I got filled again and once again the ASK dropped below what I just paid.
Then the bid went to 33, so I once again put another bid in at 34 cents. Think I bid it up to 34.35 and just kept it there the rest of the day. Ended the day unfilled on that last order.
Didnt know if I should feel glad when i got filled since it immediately dropped lower.
All in all I feel pretty good about it, I saw it hit 41 earlier in the day and I got some at 38.25 and 36.55 even though i think it hit around 31 on Monday when the market was panicking.
Im ready to try again Wed.
I do believe FLOOF posted positive net income of $19M in the Q ending JUN 30 2019, and positive net income of $15.6M in Q ending SEP 30 2019,with a possible 3rd positive net income report coming mid APR 2020
That would be pretty impressive considering how other cannabis companies have been reporting lately IMO
https://finance.yahoo.com/news/flower-one-provides-corporate-updates-110000950.html
They're in the early innings, but things are shaping up very nicely.
Excellent opportunity to pick up shares on the cheap today! $1 million in sales a week and growing with just 5 of their 19 brand partners. Imagine what happens when all 19 brand partners are selling. $3 million to $4 million a week and revenue in the hundreds of millions. Patience will pay off big here.
As a new company, the accounting is pretty standard. It's a non-cash item, but biological assets are inventory that will convert to revenue or cash fairly quickly. The inventory is already earmarked for their established brand partners. We'll see revenues increase dramatically this year, which is why they said they'd be cash flow positive first half of 2020. Also, their last earnings call is very informative and very upbeat if you ever have any questions.
Last Q report showed a gain on fair value adjustments on biological assets of $18.6M, which is huge IMO
Also a gain on fair value change of derivatives of $9.7M
Wondering if these items are a one time event, because without those 2 items the $15.7 net income number becomes a loss. The derivatives number im pretty sure is, but what about that adjustment for biological assets?
Great news for Flower One, Kiva is a brand partner of theirs. Sales should be excellent for 2020, it's just going to take time.
Ganja Goddess, an online cannabis shopping and delivery brand operating in California, announced Tuesday the winners of its first “Ganja Goddess Awards.” The list recognizes the top-performing products on the company’s statewide platform.
Roughly 150 brands were considered for the awards. Winners for each category are as follows:
-Kiva Confections Camino Wild Berry Gummies for best overall;
-Source Quest for flower;
-Bloom Farms Blend Cartridge Anytime (Hybrid) for vape cartridges;
-OrganakOil Revita Strong Oil, a YAK Edibles brand, for
concentrates;
-Henry's Original Smoke Packs Acapulco Gold (Sativa) for pre-rolls;
-Breez Spray Royal Mint by Royal Garden Society for sublinguals and
tinctures
-Kiva Camino Wild Berry Gummies (Indica) for edibles;
-Mary’s Medicinals Transdermal Indica THC Patch for topicals;
-and Kiva Camino Gummies Sparkling Pear (3:1 CBD) for CBD.
Rumor has it 4th quarter was right on track with expectations should be reported soon
Re: HUXTON
" Their award-winning prerolls are set to hit shelves in Nevada in January."
Are they talking JAN 2021 or 2020?
"profitability and positive cash flow in the first half of 2020."
I don't have anything firm but it's my understanding the move into CA. has been pushed back farther into 2020 because FLOOF needs to be cash flow positive. guess we'll just have to wait and see??
Flower One launched sales of five brand partners through its flagship greenhouse in Nevada. The Company is on track to launch an additional two brands in the remaining part of the fourth quarter of 2019. Together these brand launches, along with a number of additional launches in early 2020, will serve as a significant growth catalyst for the Company.
"Our greenhouse and production facilities are now fully operational and yielding industry-leading analytics. This, combined with securing 15 brand partnerships, was accomplished within 19 months and places us in an exciting and truly unique path to profitability and positive cash flow in the first half of 2020."
This is great news! President and CEO of Landec Corporation (Nasdaq: LNDC) for 10 years.
https://finance.yahoo.com/news/flower-one-announces-appointment-molly-230800514.html
only thing I can come up with is somebody is shorting the hell outta this stock. FLOOF is expanding like crazy. Kitchen expansion just came online, harvesting continues and expansion into CA. in the works. should be trading a lot higher, imo...
News out with kiva
What can we say if there are very positive numbers for Q3 and we still do not see a significant rise in price of the stock? How long will it stay less than a dollar when there are facts and figures that show its much more valuable? I had a feeling Q3 reporting was going to shoot the price way up but I'm not convinced since it's at its lowest point ever.
reminder Q3 numbers out today after market close and CC tomorrow morning..
https://www.otcmarkets.com/stock/FLOOF/news/Flower-One-Holdings-to-Host-Third-Quarter-Results-Conference-Call-on-November-27-2019?id=246663
FLOOF NEWS OUT, 2 releases.
https://www.otcmarkets.com/stock/FLOOF/news/Flower-One-Holdings-to-Host-Third-Quarter-Results-Conference-Call-on-November-27-2019?id=246663
https://www.otcmarkets.com/stock/FLOOF/news/Flower-One-Closes-on-Previously-Announced-Sale-Leaseback-Agreement-with-Treehouse-Real-Estate-Investment-Trust-a-Leading?id=246631
California, here we come in a big way!!
More good news:
Flower One Announces Successful Closing of $20.85 Million Public Offering of Convertible Debenture Units
don't be surprised to see FLOOF move into CA. in a big way!
My sources tell me it's in the works now!
Throw the baby out with the bath water is what we're seeing. Sell now and ask questions later is what people are doing. Canadian cannabis companies are all getting crushed due to the Canadian regulatory environment. Quite a few analysts have recommended switching into U.S. based cannabis operations, which is obviously great for Flower One since all their facilities are in the U.S., they're only headquartered in Canada. Not only that, their official press releases have indicated that they're doing great and the results are better than expected.
Flower One is a best of breed cannabis stock that's being taken down by the overall industry and the short sided view of traders that are only focused on the headlines. They could care less about fundamentals or valuation and don't have the patience to hold a stock for more than 30 days. I doubt most even know what a multiple is. Pretty typical nowadays, especially for penny/OTC stocks that attract novice investors. I'm not saying everything is peachy, but the risk vs reward profile with Flower One is off the charts. What a great opportunity to buy a company on the cheap that has this much earnings potential, just incredible, haven't seen anything like it since the credit crisis.
Dollar cost average into it, build a position to your comfort level, and just be patient. You're basically buying an out of the money call option that won't expire. $0.68? I still can't believe my eyes. Patience will definitely be rewarded here, and when the madness finally stops, the companies with good fundamentals will rise that much quicker, and more than likely they'll trade at a premium.
Remember, Flower One just barely opened their doors, and what they've accomplished in such a short time period is amazing. This stock is still mostly unknown, and as time goes on, more and more people will take notice. Good luck to everyone.
Sales are strong and getting stronger.
FLOOF more NEWS out..
https://www.otcmarkets.com/stock/FLOOF/news/Flower-One-Announces-Partnership-with-Premium-California-Cannabis-Lifestyle-Brand-22Red?id=246048
Flower One Announces Partnership with Premium California Cannabis Lifestyle Brand, 22Red
PR Newswire
LAS VEGAS, Nov. 13, 2019
22Red, founded by Grammy award-winning and multi-platinum recording artist, Shavo Odadjian, launched successfully in California, sets sights on Nevada for 2020
LAS VEGAS, Nov. 13, 2019 /PRNewswire/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) – Nevada's largest cultivator, producer, and full-service brand fulfillment partner – today announced a new brand partnership agreement with premier Southern California cannabis brand 22Red, marking its first out-of-state expansion. 22Red, founded by world famous rock n' roll band, System Of A Down's bassist, Shavo Odadjian, has become known for its brand authenticity and proprietary genetics.
"Having 22Red choose Flower One as their brand fulfilment partner is further validation of our state-of-the-art operations in Nevada," said Salpy Boyajian, Vice President of Nevada Operations at Flower One. "We look forward to working with the entire team at 22Red to bring their premium California branded products and passion for cannabis to Nevada. 22Red is among the most prominent cannabis brands in Southern California, with top-shelf and limited edition strains that have quickly set the standard for premium cannabis. Catering to the cannabis connoisseur, 22Red's quality, potency, and branding are second to none. We look forward to joining forces with 22Red to bring their product to the Nevada consumer for the very first time."
"It's important to us that we maintain the same top-quality flower and extracts here in Nevada that our consumers have come to expect in California. We spent considerable time evaluating potential partners before electing to move forward with Flower One – Nevada's leading cannabis cultivator and producer," said Shavo Odadjian, Founder of 22Red. "With Flower One's robust distribution channel and strong relationships with local cannabis retailers, I am confident 22Red will be in excellent hands."
22Red will be available for purchase in Nevada in the Spring of 2020 and will ultimately include the brand's entire selection of dry flower and pre-roll products (Church 22, Mimosa22, Caramel Gelato, and 22OG), vape cartridges (OG Kush, Strawberry Banana, and Watermelon), and CBD selections (Watermelon and Orange Mint).
About Flower One Holdings Inc.
Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. Flower One's flagship 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large scale cannabis cultivation, processing, and manufacturing. Flower One also owns and operates a second production facility in Las Vegas, with 25,000 square-feet of indoor cultivation and a commercial kitchen that will produce several of the nation's top-performing edible and beverage brands. Flower One produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, beverages, and topicals for the top-performing brands in cannabis.
The Company's common shares are
Ty Bill. No, I am hardly a manipulator. I am horribly long on a basket of 25 U.S. and Canadian MJ companies.
As I have posted several times over the last month on a few boards:
The shorts and ALALysts have driven everything down 60-75%, even 85% for some good companies. Keep it up and they will lose an entire generation of inexperienced investors to fleece. Why kill the sheep to get the wool?
GLTU
Where is the truth with these widely disparate views?
Gonna be huge or facing bankruptcy?
WTF?
Dumbest thing I've ever heard. They just became fully operation a couple months ago.
The business plan/model is firing on all cylinders:
-Sales are strong with a weekly growth rate of 15%
-Projecting to be cash flow positive first half 2020
-Just one of their brand partners (Old Pal) is the #1 cannabis provider in the state of Nevada
-Yields exceeding original estimates by 85%, best in the business cash cost of $0.45 a gram
-Operating the most advanced greenhouse in the world
hmmm, funny looking cucumbers they've been harvesting!
The charts and graphs don’t lie. Back to growing moldy cucumbers.
not sure how some people expect FLOOF continue their expansions without funds. suggest they do some DD.
FLOOF is already largest in NV. wouldn't be surprised if they had same plans with expansion into CA.
I agree,dead cat bounce on this one
This is detrimental activity....Bankruptcy on the horizon.....Flower One Announces Filing of Up to $20 Million Prospectus Supplement of Convertible Debenture Units.
Can we get back to business now? Don't buy into the people that are trashing FLOOF, they have an agenda. Sales are strong, share structure is intact, the business plan/model is firing on all cylinders.
Sales are strong with a weekly growth rate of 15%
Projecting to be cash flow positive first half 2020
Brand partner Old Pal is the #1 cannabis provider in the state of Nevada
Yields exceeding original estimates by 85%, best in the business cash cost of $0.45 a gram
Operating the most advanced greenhouse in the world
There is literally no other cannabis company that comes close. Don't let people scare you into thinking that dilution is a factor. Look at the valuation!!! FLOOF has a market cap of under $150 million?!?! The brick and mortar is worth more than that. Based on future earnings, dilution isn't even a thing. Smart companies use equity wisely, and FLOOF is a smart company with an exceptional management team.
have to agree. I get nothing but positive feed back from my sources, who I consider very reliable..
financials should be out next week. expecting nice numbers and some guidance,,
Shocking drop! But according to a friend who spoke with some folks at Flower One on Monday they are projecting the stock to be worth $35 to $40 a share within 2 years. At .87 cents a share now I'm willing to take that chance!
It's ridiculous. People don't even know why they're selling. Flower One just barely wrapped up their first harvest, yet they stated 2 days ago that sales are tracking strong with a weekly growth rate of 15%, they'll be cash flow positive first half of 2020, and their brand partner Old Pal is the #1 cannabis provider in the state of Nevada. Also, analyst estimates all have a price target in the $3.50 to $5.00 range. What an opportunity, I can't believe my eyes.
Debentures and debt good for decline of 28%. Good data for the future. Another bad investment going down the tube.
Who cares. I'm buying up all I can. If you can't see value in this stock, you're not very bright. They've stated that sales from current operations are tracking strong with a weekly growth rate of 15%, they'll reach positive cash flow during first half of 2020, and their brand partner Old Pal is the #1 cannabis brand in the state of Nevada. Hello??????
Told ya was going fall.
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