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Maybe they cancelled it to eliminate reserved shares for options and have more shares available for issuance to this new convertible note? Maybe they need to issue as many shares as possible within current AS to make sure they have majority to pass whatever they want but then again this recent 8k is written as if increasing AS and R/S was a done deal anyway?
And I agree with Corp B. As much as it looks cool to have it. I don't think it is a necessity at this stage of the game. Doubt any customer really pay attention to it so if it does add to expenses than I agree that it is a mistake. I don't see benefits of having it now.
As of international extension.. and added expenses.. that's pretty obvious but you either just stay only domestic where without additional regulations, you pretty much reach your potential or you take a risk and continue expend and cover more markets and go global and establish brand as well known internationally.
New CEO has enough experience and guts to do it.
The last quote is very typical statement for companies that are still in developing stage where expenses for growth very often are bigger than not established yet revenue.. aka companies with net negative. Pretty much any small and medium cap bio stock has this statement since they have to spend a lot of money on research before any possible revenue kicks in.
But the first quote is intersting. I think I would worry more about leaking info about patents, strains, research by ex employees to competition. They may be aware that there is some dirty competition going on. But than again I think it's part of any buisness.
Low 6s are a steal here imo added bunch.
Curlf usually have pop on Qs so I think this is bottom here
You are so focus on reporting OS over and over on other boards but nothing here about another 6M increase between mid Feb and beginning of Jan.? LMAO
Strong accumulation today at MA100..
Big bids keep coming
This is big imo.. we need big tech money for lobbying politicians unfortunately
It went through MA100 faster than I expected.
I agree with everything you said except I think most of politics are heavily medicated in our government. If they were smoking weed, we would be in so much better shape.
It will get there no problem the moment it uplists to the big board.. MJ ticks trade almost x10 more in $volume than our daily average. It will go bananas with this kind of $volume imo
They have majority so they should bring this bill to the floor to vote no problem.
McConnell is a poison pill of this government. He kills absolutely all bills.
Yup. This is what I thought. Ridiculous. Why the F#%# they can't just have it as a separate Bill and Schumer should be able to bring this to the floor, otherwise all this talk from him how he is pro MJ is nonsense. I believe MJ is probably the only thing that is somewhat bipartisan and there is enough senators on both sides to pass it.. Republicans are going to vote NO on everything else that Democrats bring to voting so attaching MJ to other bills is not going to move it through... also creating one gigantic Bill about MJ that would try to solve all MJ issues at once like decriminalization etc is not going to work as well imo
That was already passed by House number of times, no?.. but then it stalls in Senate and it is mainly because it is usually attached to some Bill that can't go through.. I wish they just put it as a separate Bill and brought to the floor in Senate. Plain and simple
ISO was needed to go global. They can enter international markets wherever CBD is legal now.
It has been just one pop so it's too early to say if it was coincidence or it was planned. Keep eye on OS and volume.
Yes. If this week action wasn't simply coincidence but instead converter knows how sell shares to get the most out of it, then the volume should continue and there could be more runs ahead?
If they wanted to convert whole amount of $4mln on low volume.. that's like 40M shares, they would beat pps down to $0 and they know it. Keep fingers crossed that they know how to convert smartly and you can make some money.
Anyone following reddit and twitter? Is there more buzz about cvsi?
No. As far as I know they don't have to. Form 3 or 4 are just for insiders trading.
If anything we could see schedule 13g or 13d but also not necessary if whoever converts shares stay below 5% of OS.
Meaning convert less than 5%, sells all and then convert next batch and so on.
I totally understand your logic that if there was selling than pps would go down and not up.. but if whoever converts shares uses playbook of otc, then usually they short ahead of conversion to bring pps down so the base for conversion was as low as possible and then they create spike in volume; make pps to break out just enough to put a stock on radars for many traders that hop in or chase.. while converter starts selling into it. Company very often helps with releasing some good PR on a top it. That's likely scenario if there is only one note and one converter that doesn't have to compete with another one.
I used to trade the worse of the worse ticks out there and always amazed me that stocks could have massive runs with conversions happening.. though that's not always a case.. sometimes converter is relentless and just keeps dumping shares. I used to email Transfer Agent on some ticks everyday to check on OS and catch the moment when selling is done. There is always known $ amount of a note in filings, so you can easy calculate +/- amount of shares that is going to be issued and when selling pressure will stop. That was a lot of work LOL I don't have time for all this now.
I'm not talking about first round and increase from 110M to 110.7M before November.. sounds like you missed that current OS is 113M as of beginning of Jan. That's over 2M increase since mid November.
Do you trade otc stocks that have convertible notes on books? It could be as simple as this. Their OS jumped over 2M between mid November and beginning of Jan...
Also interestingly enough it traded flat on a bottom for 10 days before it took off.
It could be worth to keep eye on OS closer to see if you can catch when conversion happens.
Rules for their note:
'holder may convert all, or any part, of the Note into shares of our common stock (the “Alternate Optional Conversion”) at the alternate conversion price which is the lowest of the fixed conversion price then in effect; and the greater of the $0.01, which we refer to herein as the “floor price” and 90% of the arithmetic average of the three lowest daily volume weighted average prices of our common stock during the ten trading days immediately prior to such conversion and the greater of the floor price and 97% of the lowest sale price of our common stock on the applicable conversion date.
CEO emphasized twice that he cares about shareholders value...
Btw. Did you see how many options he got @$1.02 & $9.54 on forms in December? He will definitely look at pps imo
Yes. I think pretty much all cannabis strains out there right now are created by natural cross breeding.
I think we may see change when big Pharma with their labs will get interested in this market and start playing around with plant genes in a lab like we hear about producing CBD from yeast
Or when greedy big corps with huge $ will want to mass produce cannabis mold free and who knows what else..
so I think we all agree that CBD created by 'alerted' plants by humans in a lab should be flagged on a market per correct labels.
Forgot to add link to my previous post
https://merryjane.com/culture/introducing-the-worlds-first-true-gmo-weed-plant
I'm also not the expert but I think it all depends on 'breeding technic'. You can create new strains, apples trees, roses by natural breeding technics.
But making yeast to produce CBD is strictly playing on genes in lab. Imo
I thought this article made sense:
' People often confuse GMOs with artificially selected organisms. Examples of artificial selection, or selective breeding, include domesticated dogs or certain crops like berries, broccoli, bananas — and cannabis. Artificial selection uses cross-breeding techniques to amplify desired genes in an organism’s offspring, usually through inbreeding, but not always.
Regardless of how artificial selection is performed, it always relies on traditional breeding techniques (e.g. pollinating flowers, getting two dogs to mate), and it never introduces foreign or human-made genes into the parents or their offspring.
Genetic modification or engineering, on the other hand, does not use traditional breeding techniques. Done in a laboratory environment, organisms are subject to highly sophisticated methods that weave foreign genes into their DNA. If the organism can pass on those foreign genes to its offspring, we say the organism is “fully transformed.”
We have good ties with Israel because of Abacus. One of the guy listed on a patent that you posted yesterday is located in Israel. They must be still doing part of their research there.
Yes, I agree that they will move forward with international extension while they wait for the US to step up and finally drop some regulations at some point hopefully this year.. hopefully before elecations in Fall.
I like the guy. I'm looking forward to 1st PR or conference call to see which direction he is going to go with the company.
Same. I folded a couple of loosers last week for tax loss and added here last week.
I think she or company realized that she hit the wall and reached her limits.
'New' guy has been within company for a while now as well so he understands challenges at least within the US so for me it sounds like for now he will target expansion globally wherever regulations are more friendly for hemp.
He definitely is more 'international' type of a guy with global connections including financing.
Personally I'm also hoping that his name is going to be more known and trusted within bigger investors.
We shall see what kind of changes he will bring that Elsner didnt.
Got it
If you trade other stocks and have profits somewhere else, I would sell only as much as you need to offset gains and avoid paying income tax on others..
If you don't have profits somewhere else, be careful to dump too many because there is a limit how much loss $ from stocks you can claim and use to offset your other income. I haven't done it for years so I don't remember exactly number but it wasn't really that much.. also you can spread your loss from one year only for a few years. Up to 5 years or something like this. If you consider selling some, I would look into numbers first tax wise..
There's plenty of people including myself that will dump some stock at the end of December to lower income tax from gains on other stocks... this is way the end of December is always extra painful on bad stocks..
January should bring some recovery imo
It usually does..
MC 180mln at this level
At the same time
Assets: $290mln
Liabilities: $45mln
Annual Sales: almost $100mln
Absolutely insane to see this prices.
Call me crazy but I added heavily today for a quick trade because I expect easy 50% gains from here
These are temporary pains and extremely good prices if someone has guts to jump in.. it will bounce.. ZERO doubts about it.
Anyone is keeping eye on L2 here often?
I just noticed VIRT trading today and I don't recall seeing it earlier but I was busy recently..
VIRT is market maker that executes trades for Robinhood customers as far as I know..
It would be fun to get Robinhood folks volume here LOL
It seems like something is up because all other cannabis stocks are having pullback today after 2 day rally and are trading flat..
It could be as simple as someone realized that it's time to cover..
I bought this pullback too early at 1.68
Ask looks very thin now and I feel some buying pressure kicking in..
Some folks conveniently overlook very important numbers in financial report.
CWEB makes money and turns it around and put it right back into the company Anyone can clearly see that assets are growing significantly every quarter. I would be truly worried if company at development stage was saving cash and keep it in a bank instead of re-investing. Especially now with inflation..
If we saw the same flat numbers QoQ when it comes to investment/assets (as you can see at CVSI) .. then yes you could call cash burn.. otherwise you should call it growth of the company...
Let me guess.. the same people who call 'cash burn' probably never even owned stock like Tesla or Amazon.. because hell yes they had been burning cash for years before seeing net positive.. did Amazon or Tesla grow or just burned cash ? LMAO
Just saw it on their instagram as well
Looking fancy!
Good point
I agree that they covered all basis to be as safe as possible for the customers.
I would love them to be more transparent on research with shareholders.
Would love to hear details about other cannabinoids. Where they are on that and what they are planning to do about it in the future.. what kind of new products can we expect? What are they working on? With California being OK with adding food and drinks.. are we going to see any of that? We know that Recreation has it.
I would love to have more current updates what they are working on.
How is it possible to close green on one exchange and red on the other ?
absolutely. It's total BS.
Luckily Farm Bill did proved that hemp has strong bipartisan backing and now court rulings.. CA state regulations and so on.. FDA either will put their shit together asap or they will totally loose control over this sector imo