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Schumer says. Schumer is just a wind bag, does anything that he says ever come to fruition?
+ 65% in One Hour, LOL. Now 80% Gain!!!
These Cannabis stocks can gain 100% in 2 minutes while it took 2 years to lose 80%!!!
Last run for PVSP was over 1400% gain!!
Stock today is worth .02 just on current share structure!!
It will Run Big Time just a matter of when, and you better have bought your ticket and not chase it!!!
Don't you just love a nice SHORT Squeeze, +46% LOL
Cannabis sector is ready for HUGE rebound. Schumer says expects Safe Banking approval by election!
MindMed’s stock jumps 24% after FDA grants breakthrough designation
MindMed’s stock jumps 24% after FDA grants breakthrough designation to LSD therapy for a form of anxiety
By Ciara LinnaneFollow
Biotech also issues new shares and reports positive data from Phase 2b trial
Mind Medicine Inc.’s stock jumped 24% early Thursday, after the biotech company said the Food and Drug Administration has granted breakthrough designation for its MM120 LSD-based treatment for generalized anxiety disorder.
Published: March 7, 2024 at 8:26 a.m. ET
LOL .. the paid pumper still uttering his BS in his plebian, reminded me when he pumped Millies in his official twitter account 🤣
People do not invest their money in a company that can survive and say: Bravo management that can survive and doesn't bankrupt us!! 🤣
If we don't make money, We don't care abut their survival! They are not our family to support them, who cares about them?
The fact is: they are liars, they are pumpers, they are in decline for 2 years, they don't make profits, they still convert for pennies to pay their electricity bill ..
And the icing on the top: they have Paul Riss!!
Enough to avoid until they show signs of life
Until then, we know it will continue the decline, while the paid pumper continues to pump his BS until 2025
I do see you stopped using Covid as an excuse, that was about as dopey as one can get. Happily Mr. Free Shares to Mr. No Shares simply doing his job towing the Co line with BS for his pal Riss.
Zen
Awe, my feelings are really hurt now. So, as usual skirting the issue coupled with dumb azz excuses. I think you should study up a bit and look at the ‘good’ pot stocks. As stated in my previous post, it’s competition stupid which has resulted in decreased flower prices as well as black market sales competition.
No one gives a chit about a small STAGNANT COs gross profit at $15mm/yr with no net profit. The CO will go nowhere re pps without consistent growth in revenues and a good NET PROFIT. Maybe you forgot how often you touted the merger screaming $19+mm in the first year which seems to be the real dumbazz posts. Only an idiot defends no revenue growth and no net profitability with cutting expenses. Every CO needs to cut expenses to stay alive and you think this is an amazing managerial accomplishment????!!!??
Try another dumbazz post with irrelevant stats per the previous posts or just answer; where is the revenue growth consistent with upgrading the facilities and increasing geographical sales locations?? Try harder to stay on topic rather than BS your way through it.
Zen
Board of Dopes, LOL
Seriously Mr. Free shares that has to be your dumbest post ever!
Do you even do any research, any at all? I didn't think so, just blab, blab, blab.
The Cannabis wholesale market has seen a price drop of over 50% in the past few years, and you are not happy that Artizen has been able to maintain revenues by cutting expenses, improving operations etc, etc.
They have done a great job in managing the business in difficult times of oversupply and declining prices.
Key Highlights
Gross Profit for the year ending November 30, 2023 totaled $4,890,763 on $15.8 million in revenues, compared to gross profits of $2,724,601 during the same period in 2022.
Gross Margins improved from 17% to 31%, a 182% increase. The improved gross margin reflects increases in production yields and gains in production efficiencies.
Revenues of $15.8 million equal 2022 revenues, achieved in a market that continues to battle over supply and price compression.
Operating Loss for the year ending November 30, 2023 totaled ($460,037), compared to an operating loss of $2,422,916 during the same period in 2022.
Cashflow for the year ending November 30, 2023 totaled $409,507, compared to negative cashflow of ($798,033) during the same period in 2022.
Income Tax liabilities increased due to a materially improved Gross Profit. Under 280e tax treatment, the Company is being taxed on Gross Profit as compared to non-cannabis businesses being taxed on Net Income.
“We continued to increase yields and margins in a market that is still challenged by oversupply and price compression.” said German Burtscher, Pervasip’s President and Chief Executive Officer.
Straight talk, DS. Sounds very reasonable, and the truth, for better or worse. The road ahead is still pretty long.
Now that’s funny, we should see a salary breakdown with the audit re execs.
This is basically the same Zen revenue back when merged with pvsp three years ago. I just think the competition, including black market, is overwhelming. They are still stuck within the confines of the original market area. Hopefully, without CDs, they can get the private funding and right execs needed to expand into other states. I also think they do not have the marketing personal necessary to make deals/JVs in other states; apparently, this guy German has no credibility outside of his own limited market. Hope I’m wrong but don’t think so, nor does the market thus far. Riss has a long history of dealing with would be amateur so called execs and with no credibility. We are traders and the proofs in da puddin!! We will wind up here waiting for another BS deal with pvsp, three of which have been really great to me.
Zen
Princella, must sample all available product, before deciding on what to focus on with Marketing. By the time she is ready to put a marketing strategy in place, she will have forgotten, what products she wanted to market, and start the testing phase all over again. What a hire!!! I sure hope her annual salary isn't in the 6 digit range
I am with you. Yea, kind of odd that we are not seeing revenue growth.
I believe you have missed the premise here. I’m not talking about gross/net profit and expenses. Despite upgrading facilities, leases, partnering with other growers and expanding operations the Co has been on a NO revenue growth trend for years now. Also, don’t think for a second that Zen will be debt free except from old pvsp debt/CDs. The Corp expenses now listed under pvsp will remain with Zen as a public entity re financial reporting, audits and reporting.
Cost of Goods Sold, Payroll Expenses and taxes, wipe out all revenue generated. What we have going for us post spin out of Artizen is a much leaner share structure with minimal debt. I don't expect much change in term of Net profit, JMO
This stat tells a lot...if pot market turns around...we have the numbers to turn the sp around...
Followers 858 Posters 2454
Don’t know what is going on, upgraded facilities, increased production/capacity and expanded operations = no revenue growth??????? Not adding up imo!!
Zen
I hate to think this, but They Might Be Getting Too High On their own Supply....Some Stoners are Focused and Motivated...Some...Not Most....
Some Just Enjoy where they Are for a long time...the MJ helps with that complacency.... Others have goals and make them happen...Successful musicians come to mind...Wish we could get some Artist Sponsors from Seattle Area.... Any Promo Campaign would be nice to see....although they are tight on money it seems....
WHEN ZEN COMING??
WE Shall Find Out!!
I don’t know that it would have had much of an effect compared to no growth. Don’t forget there was no growth despite the upgrade of facilities and increased areas of operation; I have a hard time grasping this from an operations perspective. There is no discussions about the Zen on the board other than BS and talk about the spinoff. I believe the management to be very apathetic about their own circumstances and lack of forward movement. The newco will need new experienced public co growth execs.
I wish they would have actually done the 2 Billion share reduction the Board Voted on in July of 22....thatv would have at least made the Share Structure more appealing to investors....the lack of Growth hasn't helped either.... we shall see...ZEN COMING???
Therein lies the market perception of pvsp/Zen;Zen has been a disappointment due to the jack of projected revenue growth. Revenue was projected to be $19+mm after the first year. How long has it been now, 3+ years?? No growth!!!
Picked up a couple more for my stash. Spinoff looking more likely, hopefully. LOL$PVSP
$PVSP Posted non audited 2023 financials and disclosures. ‘24 Audit is in progress.https://t.co/as7GMWNrjb
— Pervasip Corp (@PervasipC) February 29, 2024
Should be none to begin, just hope it stays that way!!
Zen$$
Debt Holders $15m, becomes Equity Holders!!!
Debt Holders are getting 15% of Artizen spin off and will become Equity Holders. That 15% is coming from Founders 85%, PVSP holder keep their entire 15%, no dilution.
Gross Profit $4,890,763 on $15.8 million in revenues
Reports 2023 Revenues of $15.8 Million from Artizen Corporation
SEATTLE, WA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the filing of its unaudited financial statements for its fiscal years ended November 30, 2023.
Key Highlights
Gross Profit for the year ending November 30, 2023 totaled $4,890,763 on $15.8 million in revenues, compared to gross profits of $2,724,601 during the same period in 2022.
Gross Margins improved from 17% to 31%, a 182% increase. The improved gross margin reflects increases in production yields and gains in production efficiencies.
Revenues of $15.8 million equal 2022 revenues, achieved in a market that continues to battle over supply and price compression.
Operating Loss for the year ending November 30, 2023 totaled ($460,037), compared to an operating loss of $2,422,916 during the same period in 2022.
Cashflow for the year ending November 30, 2023 totaled $409,507, compared to negative cashflow of ($798,033) during the same period in 2022.
Income Tax liabilities increased due to a materially improved Gross Profit. Under 280e tax treatment, the Company is being taxed on Gross Profit as compared to non-cannabis businesses being taxed on Net Income.
“We continued to increase yields and margins in a market that is still challenged by oversupply and price compression.” said German Burtscher, Pervasip’s President and Chief Executive Officer.
Since the successful completion of its comprehensive financial audit for fiscal years ending November 30, 2022 and 2021, the Company has entered into debt restructuring efforts for one of its operating companies in preparation for the spin out of its cannabis assets and efforts to further reduce its real estate footprint in Washington State.
Audited 2023 financials are expected to be completed by end of April 2024.
Payroll, leases, operating expenses, excluded. Not much in terms of CD, right?
I don’t think so, some debt is intrinsic to Zen such as payables, leases, etc. We won’t know until we see financials.
Audited FY 2023 financials sometime in April and Artizen spinoff prior to end of June? I just might load up some 4's to add to my stack, just because I can :) GLTA
On 4/20, 2024. Audit for 2023 will be posted?
Oldrogue
Artizen should have a clean slate in terms of debt and financial health post spin off. Right????
Now we wait on the audited FY 23 Annual report. I see that Riss still holds 321.9M shares of common stock
Outstanding Shares
The number of shares outstanding of our Common Stock was: 5,429,231,963 as of November 30, 2023
5,329,231,963 as of November 30, 2022
Hoping that Artizen lands on the moon as well.
Any of u hop in on LUNR?? They are about to land on the Moon today!! Impressive!
LOL . they make a lot of efforts and money and their balls explode to raise it .0001
But taking it down is like a breeze
No buyers!!
Lolololol, that wasn’t BS that I banked all these years. But you remember as many do how you screwed yourself in the last run, lolololol!!! Glad to have you back loozer!!! The board needs court jesters for entertainment!!!
Zen
Mark this anything paul riss is involved in will turn into bull chit ….
Mark this anything paul riss is involved in will turn into bull chit ….
Peeps do want in but see no rush which usually results in bid sitting. We shall see.
Zen
Exactly, not sure which portion of the losses are attributable to Zen vs pvsp costs.
Exactly, profitability and growth will paint the picture for shareholders, end of story.
TAZ
The positive is Artizen generated avg of around $16.4M in revenue. About the only positive I see from the posted financials. Hopefully post spin off Artizen financials start looking much better
What o find most interesting re the long awaited pvsp audit is the complete absence of discussion re financials.
This repeat of yesterday is ridiculous. Nobody wants in? I find that hard to believe.
Dear PVSP, please drop the 2023 audited annual report today at 0935 Eastern time. Thank you.
No Kidding, Where is our new PR Person??
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