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Charlottes Web Stock CWBHF the leader of fully integrated CBD companies and first in many of the retail outlets and via web sales is down 90% in value over the past year. There should be no surprise that smaller and newer companies will fail. IMO EXDI has simply allowed original investors or participants to cash out and employees/management to receive Federal Funds. This industry collapse IMO comes down to Government interference combined with lack of the same government enforcing laws vs. unregulated producers in both the hemp/cbd and cannabis markets. On top of that the Drug Industry proxy also know as the FDA did everything imo to protect the profits of the drug companies and their products with severe side effects in many cases, and obscene profits. The relationship of the drug industry and FDA is long. So the result is that CBD a natural and effective way to treat many illnesses has been squashed. ALWAYS FOLLOW THE MONEY.
Great news for EXDI investor's. I have sold my entire position. The stock can now go higher. The thesis for my original investment is no longer valid. How can this company continue with no cash, no crop, no inventory, non of the previous financial backers and only one experienced CBD seller and one experienced HEMP grower (again without the current ability to grow) and the loss of Bobby and CEED2MED? And the business plan is based on acquisitions? LOL. Sure my plan is to buy Amazon in order to be in the retail space, lol. At least I have no debt and more money in my checking account with no expenses than EXDI. Also note that the leaders of the industry are all at all time lows. Hemp and CBD both due to FDA obstruction and Chinese imitations and falling prices due to oversupply also are factors. Simply put...I got this wrong. I based my investment on a well thought out thesis imo from "ming" on IV and then chose this company as my investment vehicle. I did my own DD and am responsible for my own investment ideas and actions. This will be my last post on this board and my last post under this ID. I wish the company good luck and all on this board as well. GLTA
"If you stare into the abyss, the abyss stares back at you"
tigerpac my first thoughts are to ask your specific thoughts on both the new CEO as well as the "new" business plan. But based on the amount of due diligence I did on the previous business plan and management and the resulting 80% loss, and based on the results achieved by current Robinhood traders, I realize that knowing nothing may just work. Any chance of you posting to the Robinhood traders? Please leave us in the dark. We may just be better off. ?? Thank you in advance.
Or we can change our name to FANG Hemp. Then like DUO our stock can go from $10 to $130 in one day despite revenues falling 38% yoy and be worth 4B despite having 36M in revenues and losing 15M. At least EXDI doesn't lose that much lol.
Maybe EXDI should declare bankruptcy like CHK and HTZ and then day traders will run it up 500% to 1000%. Or if we had declared an electric hemp farm like NKLA we could have a 30B mkt cap without any sales also. At least we don't have the sales part.
I was one of the most excited and enthusiastic investors on this board. However, I have stated over and over again that EXECUTION was the key. Their execution regarding the 200 acres crop was imo outstanding. They can farm. But based on their other disclosures they cannot sell, or run companies and/or make acquisitions and then run them. Yet this is exactly what they intend to do again. Their future is now based on one individual who has done this before in a bull CBD market. Their current cash position is less than one of my checking accounts. Their debt more than the company is worth. Their inventory, WHERE IS IT? They are a vertical integrated seed to retail company. Yet now they don't farm and can't sell retail. I now believe regardless of the interference by the FDA and current market conditions this company would have had the same EXECUTION failures. Lack of experience? Lack of effort? Poor management? Lack of capital? Missed opportunities? Most likely some or all of the above. What I know is regardless of the quality of the product NOTHING HAPPENS UNTIL SOMETHING IS SOLD. This was proven time and again by John Paul DeJoria in his bio and companies Paul Mitchell and Patron. That's why he is worth 3 BILLION and EXDI has $18,000 in the bank with multiple legal actions against it.
I was looking for a filing which would have been posted on this message board. I do not follow the prestigious "Globe newswire". Maybe if you had posted this info aka "Neal" then I would have seen it. Did you get on the call since you had this information? Sorry, but I missed you on the transcript asking questions.
tigerpac I had a call with "Neal" who was told the company would post/notify investors regarding the call and how to participate. Based on this "disclosure" by AJ I also was waiting for he information to participate. Little items like the phone number and access codes. To my knowledge none was posted or I never saw it and thus I too was not able to ask questions, many of which were posted by myself. None were answered on the call and per the transcripts NO investor participation took place. I want to thank "Neal" for bringing information to this board. The job of investor information is actually the company's however. My review of the transcript is not printable and will result in my termination from this forum. Maybe just as well.
So like any public company we get the numbers. The reality in both a very difficult CBD market now compounded with a pandemic. Correct me if I am wrong but it appears as if the good "Dr's" arbitration has been put on hold. Any elaboration would be appreciated. However in the end EXECUTION was always the determining factor. As I understand the "results" planting for 2020 will NOT take place. Green Goddess was a total failure. The web sales a total failure. Wholesale sales as of the quarter ending a total failure. Retail sales a total failure. Yet somehow we managed to pay Ceed2Med? Yet we can't or won't pay previous employees as per their claims? So in today's conf. call please bring us up to date with the wholesale sales results not projections please. And while at it what happened to the approx. 40M in inventory? Even with market prices at wholesale down 50% that would leave 20M in sales. As for the $850,000 in Green Goddess written off, it could be sold at a flea market for half and a couple of hundred thousand put in the bank. There is an old saying in business. "until something is sold nothing happens". AJ when will EXDI make something happen?
The information released today from the FDA while encouraging imo is simply an agency trying to retain control and power before losing both when Congress overrides their bias with major pharma. As for "scam" Andrew has been very ill with the flu and DID return my calls this afternoon despite his illness. The company continues to deal with both a difficult macro CBD environment as well as a difficult stock market. Combined with little cash while sitting on an asset which has lost value due to the decline in wholesale CBD prices. The company therefore imo must resolve multiple issues in order to move forward, many of which other companies in the same industry are also dealing with. There will be survivors which will go on to prosper while others will fall to the wayside. Time will prove which of these EXDI will be. Execution will determine their fate. The same execution they mastered so well with their growing and production, and not very well with their sales and marketing to this date. GLTA
I also tried again Andrew's number and got no answer (2nd time) and found the mailbox full. Even more concerning was my call to both the local and toll free numbers to the company at Ne 4 ave and both went to recording with no one answering. At times like this communication is paramount and essential for investors to make good decisions. If Andrew is reading or an official with the company, they need to address this immediately. How can you announce the recent hire and employment contract while not answering phones. How do you sell product if you don't answer phones?
So the question for Andrew and the board is simple. The FDA has declared the FDA approval is needed for CBD to be ingested and that advertising claims of health benefits are illegal. The industry is encouraging Congress to act and make CBD and Hemp extracts a supplement equivalent. So my question is simple. If this is what is stopping many companies in the space including EXDI, why is Mercola and Vitamin Shoppe doing just that. In fact Mercola online promotes both the oral ingestion and makes many of the health claims I thought were illegal. Furthermore, they encourage "maximum absorption orally by holding in your mouth and ingesting citrus products afterwards". The Vitamin Shoppe has multiple products doing the same thing. What am I missing? My call with this question to Andrew was not answered. Anybody?
tigerpac you are correct. I have not been banned but found MULTIPLE messages being deleted despite being clearly within the "rules". I take correct information very seriously and upon discovery of the 8k immediately recognized that error. But I take the First Amendment even more seriously. At that point I attacked both the "moderator" and IHub, which are clearly a violation of the "rules". I remain LONG and Strong but down from my .50 average. I will now let the performance of the company and their execution within the broader sector head winds and regulatory issues. I wish all the best, and will remain a "member" in order to report when I sell any shares. I feel a personal obligation to do that for the board. GLTA
First Dimitrov (no more Dr.), the link provided and again below is A PRESS RELEASE FROM EXDI and from Phil Young the CEO. This is NOT FAKE NEWS!
https://www.globenewswire.com/news-release/2019/03/25/1759977/0/en/Exactus-Acquires-Hemp-Healthy-Online-Consumer-and-Healthcare-Practitioner-Brand-with-Full-Traceability.html
YES, they never BOUGHT Hemp Healthy despite this press release and I BELIEVE that this is the reason https://www.marketwatch.com/story/curaleaf-shares-tumble-8-after-fda-warning-letter-over-cbd-health-claims-2019-07-23
This notice sent to the ENTIRE industry dramatically change how CBD could be advertised and sold. I BELIEVE this FDA action caused both the failure of the buyout/merge and set back dramatically the retail sales plans and cost contracts. To my "knowledge" NO update or press release was issued stating that this buyout did not happen (please correct me if I am wrong). It was for this specific reason that I decided to not only rely on press releases but cultivate a relationship with Andrew. Phil Young later left the company and I wonder if this was a contributing factor. The facts speak for themselves. I stand by all previous posts. Have a good weekend.
My Dear DrKrassenDimitrov. You mean when I referenced this...
https://seekingalpha.com/news/3445298-exactus-acquires-hemp-healthy
or this from the company............
https://www.globenewswire.com/news-release/2019/03/25/1759977/0/en/Exactus-Acquires-Hemp-Healthy-Online-Consumer-and-Healthcare-Practitioner-Brand-with-Full-Traceability.html
So really shouldn't your question be what happened? The answer was that the FDA cracked down on many companies including Charlotte's Web CWBHF for advertising and the result was that the many claims real or exaggerated had to be pulled. In addition CVS and Walgreen's changed their commitments along with other major box retail outlets pending FDA clarification. I do however appreciate the civil and professional discussion on the board among all the many posters and hope it stays this way. Now if we could only get the pps to go higher.............lol.
Correct. And a BILLION dollar hedge fund paid .50. But the S1 filing on 12-31-19 I believe based on my reading of it indicated a possible dilution at .32. Please take a look and correct me if I am wrong. No, I did not meet with them as I was waiting for the 8k regarding the harvest and CBD results to be released to the public. The recent 2 hires also slowed me down in order for them to get settled. We need sales. Period. Time again for execution. I still plan to visit them upon release of the 8k. Hopefully my more recent and somewhat critical posts won't put the kibosh on the visit lol.
Correct. That is why I just hit the offer of 40,000 shares at .30 twice for most of it. Somebody else followed right behind me. Buying low and selling high sounds easy. Then why is pulling the trigger so hard? "Buy when others are fearful, and there is blood in the streets". GLTA
bcb, first let's address the "moderator" title and if it should be given any more weight than any other posting. I signed up in order to have a board that would be investor friendly and hopefully informative. No due diligence to my knowledge was done regarding my "signing up" and therefor NO additional credence IMO should be given to myself above other posters. I would assume this to be true of other boards also. As for what to do? Only you can answer that. .20? Please be wrong! Why would I be a buyer at .30 if I thought it could fall another 30%? but then again I bought from .80 all the way up to $1.2 and now all the way down to .30. My PPS analysis for this microcap stock has so far been dismal on the short term. As for the long term the dilution at these lower levels speak to the lack of cash and sales. ALL my longer term price projections have to be cut in half IMO due to this dilution on top of the "Industry" continued reduction in multiples. Smart money says to always average up. So far my track record here has not been so smart. GLTU
I never knew "we" to be an investing theory. "I" am long EXDI and on the bid today. Yes, several people on this board know others on this board both from other stocks and personally. But my profits and losses are not shared with anybody. So having responded, what is your agenda for being on this board? Are you a long shareholder? Do you have a position? I am in the process of simple math, which is as follows..... .70 plus .30 equals a new .50 average cost basis. OR more dollars as a write off if I am wrong! OMG. IF that happens then I hope "we" pitch in for my medical bills when I join "Bob" on the ledge, lol. The price action is terrible and below any of my previous thoughts. My question for EXDI is why has no other Insiders beside Andrew bought more especially "Bobby" the largest shareholder. May I suggest instead of 2 cars worth 1.6M each (Bugatti's), having only one and buying 5M shares and saving on the cost of an extra oil change at $35,000 per? Just a thought.
I could answer your question but won't. Why? Because despite your many negative posts you have not to my knowledge disclosed your position if any, or your reason for posting or agenda. Until then you are on my ignore list. The list has one poster on it for your information. However, please have a healthy and happy New year, lol.
Your post is exactly why I no longer work on Wall Street. If a stock can go from .80 when I first bought and mentioned it to you to $8 plus or a 10x multiple then YES it can go down 50%. NO stock can go up 10x or more within 2-3 years timeframe without risk. ALL bulletin board stocks and microcap stocks have risks. How did GE do for the past 10 years? Bear Stearns? Washington Mutual? Risk is ALWAYS a part of stock investing. Mitigation of risk involves knowing your individual tolerance and diversification and amount invested by percentage of your risk assets. EXDI for myself remains the best company in this space and I was bidding on the last day of the month at .29-.32 (I missed the selloff the day before). I will also trade a portion of my shares in order to reduce my cost which is now .70. My timeframe remains another 2 to 3 years. My previous post explains some of the current issues. I post both positive and if present negative issues in order for all of us to have a proper discussion. As investors we should want all available information both good and bad but most important ACCURATE in order to make informed decisions.
EXDI enters the new year. Now, with 200 acres of top flower cut and a yet to be disclosed via 8k amount of CBD from the hemp harvest. Yet the single major challenge that all micro cap companies face is starting to become a major factor for this stock and company. MONEY/CAPITAL. We have seen the company roll back a storefront location in Delray Beach and franchise store plans for this reason. Loans and Structured debt and dilution at these low levels of pps only cost investors over time with much lower than previously projected stock price targets which I had posted for year end, AFTER harvest as per other posts or 2020. This lack of capital requires the company to accelerate their sales efforts which they addressed with recent hires. But gaining market share and shelf space for their sku's requires capital. The headwinds from the FDA and their lack of action is not surprising and should continue throughout the year. Enforcement action regarding the black market is non existent as law enforcement can't even tell the difference between hemp and cannabis let alone fake CBD and real CBD. While the industry is still in the first inning, the company EXDI IMO like many others, is fighting to stay afloat while dealing with multiple execution issues (which to date they have done very well). EXDI continues to be for risk capital only. GL
2019 EXDI year in review IMO. First the company. 200 acres of high quality hemp were grown with a 50% excess top flower result. Both the harvest and CBD extraction has been a huge success. Green Goddess was born and multiple sku's are for sale via the web and soon in retail outlets. Top flower has been sold. Plans are in place for expansion to 600 acres for the 2020 growing season. Cool & Dre in place with more to come. Finally today's announcement puts a professional sales team in place and a CIO for Social Media advertising and sales along with a web based business. Simply put the company IMO has executed and overcome obstacles that always arise with a new micro business. The Industry. Terrible. Between the FDA and vaping and over promising and under delivering, the leaders of the CBD industry have IMO lost almost all credibility. The multiples have been reduced and fake CBD products are everywhere ruining the industry reputation. CWBHF the leader is down almost 70% from its high and over 20% from a recent institutional secondary. All of this IMO will be fixed and worked out. I can think of no better time to buy and no better opportunity than EXDI in this space. I am LONG EXDI. I wish all a happy New Year and the very best.
bcb I spoke with Andrew yesterday. I will be meeting with them in 2 weeks. I wanted to discuss this recent 8k and also harvest and CBD conversion numbers. As for the recent 8k, Andrew reminded me that the company has the option to pay the note and interest and avoid the dilution minus the warrants. Also bringing a MULTI BILLION dollar institutional investor in as an investor is never as bad thing for the future growth of the company. I will get back to the board after my meeting. Until then I wish all on this board Happy Holidays and the best of luck.
The FDA speaks "full of sound and fury, signifying nothing". So the regulatory arm of the drug industry speaketh. Of course protecting the billions of dollars of major pharma couldn't be the cause could it? So what should we do you cry? Maybe a tale from another source with a possible answer will satisfy your yearnings.
https://www.caseyresearch.com/daily-dispatch/fda-warning-wont-stop-cbds-growth/
Is that opportunity a knocking? I thinketh so!
Sorry, reading William from years ago.
Numberguy, I believe that the exact way to deliver will be decided ultimately by FDA guidelines and efficacy. You may be proven correct that tablets will be best. But considering the capsule market, we could see that also. This will be part of my discussion with the company the first week of December. I am waiting for crop and CBD yields to be announced in order to properly discuss monetization. We were "promised" FDA guidelines for multiple issues regarding CBD yet the government in another display of total ineptness has not delivered. On top of that other government agencies are not imo doing their job to insure both counterfeit products and false claims regarding CBD are banned or removed from the marketplace. The government has a role to play and they are not even showing up. Maybe less time fighting with each other and more time doing their job would be in order. GLTU
Execution. Execution. Execution. Canntab produced capsules aka fish oil. This allows for definition of quality and quantity of CBD delivery. Cool and Dre as predicted brought by Bobby from his contacts in the entertainment world. Expect many more endorsements from individuals in the future. Finally we should get the amount of harvest and amount of high quality CBD extracted from this years crop. Combining all of the above with Green Goddess and our smokeable top flower the company is building the premier "Ceed" to product CBD company in the USA and the world. Investors will reap the benefits over the coming YEARS. Day traders will miss the ride. GLTA
Rustmore, the statement imo speaks for itself. Ceed2Med is the customer. Therefore EXDI will keep 100% of the profits minus the amount for having Ceed2Med "broker' the sale. This imo is a great example of the support EXDI can expect moving forward from it's largest shareholder. GLTU
Competition, Competition, Competition. EXDI according to many entered the market 3 years after Charlotte's Web and now will face completion from many brands. Of course the fact that most of these "competitors" have little to no CBD in their products as per a recent CNN expose' means nothing. So lets talk about this fact of competition. Tequila was developed in 1500's or approx. 500 years ago.https://en.wikipedia.org/wiki/Tequila 500 years later (not 3 years, lol) a marketing guru noticed that a high quality brand developed with excellent marketing could not only be produced and sold but do very well...............
https://www.forbes.com/sites/noahkirsch/2018/01/22/bacardi-to-acquire-patron-tequila-for-5-1-billion-billionaire-owner-will-cash-out/#5bacf9735902
Oh well, so that's only one example you cry! Jewelry has been around and sold for much longer and since the beginning of time. Yet the owner of ECJ Luxe Bobby Yampolsky made millions in a many thousand year old market crowded with major players.
https://www.localsuccess.org/profile/bobby-yampolsky/
Yes, the same Bobby Yampolsky who is the CEO of EXDI.
https://www.morningstar.com/news/globe-newswire/7761109/exactus-inc-enters-into-supply-and-distribution-agreement-with-ceed2med
So the bears want to bet against success and history? GL
Stockbuyrr, please read my posts regarding news from different grow zones. At the end of the day the biggest recurring theme is that the quality of seeds are the most important determining factor. Followed by expertise in ability to process and cultivate and grow the hemp. Finally diversification always makes sense by geographic region and EXDI will be doing the same including by going International (Breaking News). Yet can you think of a more stable environment than a rainforest in Oregon that has been a constant for eons.
https://en.wikipedia.org/wiki/Temperate_rainforest
GLTU
Rustmore, my conversations with Andrew Johnson of EXDI gave myself a clear understanding of the 2019/2020 crop and revenues imo. Again the company quarter are on an annual calendar. So quarter ending Sept.2019 revenues were on a B2b basis only. They were imo a little light but nothing from this crop was included because the first sale of top flower of 750k just occurred and harvesting is just ending with hemp to cbd just about to start. Therefore, I believe the quarter Oct.-Dec. 2019 will see revenues of 2.5M which will be all top flower sales. This number equals the current run rate/cost of doing business per the recent 10Q leaving no room for error. Then in the following quarters for 2020 Jan-March, April- June and July-Sept I am expecting 12.5M in revenues each quarter. This consists of 2.5M in top flower sales and 10M in CBD sales in a combination of both retail and wholesale. For 2020 a total of approx. 50M in total revenues for their 200 acres plus retail operations. A 70% margin should be the other goal. Due to reinvestment and expansion to 600 acres I would expect a loss of approx. .05 per quarter for the entire year. I will be meeting with the company in the next few weeks for breakfast and will correct any errors in my estimates or give any updates. GLTU
So Ihub wants us to stick to the facts. Ok, lets stick to the facts regarding my claims of Kentucky...
https://www.usnews.com/news/best-states/oregon/articles/2019-09-28/hemp-crop-tanks-cbd-producer-sues-hemp-seed-seller-for-44m
regarding my claims of Colorado..............
https://www.google.com/search?source=hp&ei=-v_PXaaQNqqr5wKImLPABw&q=colorado+hemp+crops+freeze&oq=colorado+hemp+crops+freeze&gs_l=psy-ab.3..33i160.1533.11961..13023...0.0..0.86.1719.26....2..0....1..gws-wiz.......0i131j0j0i22i30j0i333j33i22i29i30.9_4MojT8R2g&ved=0ahUKEwim9ced8e7lAhWq1VkKHQjMDHgQ4dUDCAs&uact=5#spf=1573912586526
regarding my claims of HAWAII..........
https://hempindustrydaily.com/more-than-half-of-hawaii-hemp-crop-destroyed/
my claims of California...........
https://www.cnn.com/2019/11/04/us/kern-county-10-million-marijuana-plants/index.html
Case closed.
Silly me. It's obvious you are much more experienced and knowledgeable in both this sector and the stock EXDI in particular. Would you be willing to share with this IHUB board your target pps for eoy 2020? My own uninformed and amateur opinion is $8-$12. I would like to thank you in advance for your thoughts. Please feel free to also show any data regarding the drop in hemp or cbd prices vs. the "Spot Market" I and the company subscribe to. Also, have you contacted the company and to whom have you spoken to? We on the board value all thoughts and opinions and above all others, yours. GLTU
EXDI the "baby" or the "bathwater"? Canopy Growth CGC the once leader in cannabis is now a stock were BILLIONS went up in smoke. Having missed numbers 5 quarters in a row (sound familiar), the "leader" like most Canadian cannabis companies proved not only overvalued but poorly run and in many cases outright fraud. Now without the market expected due to no approval in the USA by the Federal Government the market is also faced with plunging prices and oversupply. My opinion is the entire sector is an AVOID. But hemp and CBD IS Federally approved in the USA. Only with severe RESTRICTIONS regarding THC levels below .3. Also CBD requires the highest quality strains and is more difficult to grow and then must be processed into CBD. The same CBD which will soon be approved for multiple uses because it is LEGAL in the USA. Yet many "leaders" were also poorly run and many startups have no clue how to grow and process the CBD despite believing that this would be "easy money". CBD and hemp and top flower prices are in fact steady. So as the "bathwater" gets thrown out by the market, our "baby" simply needs to execute. Then when the FDA does it's job and follows the law, demand for companies which can deliver and execute will be in demand. Why is it investors always want to sell at the bottom and buy at the top? We are at the bottom imo.
Hemp & CBD stock market update. We just received the leader of the industry's quarterly results, CWBHF (Charlotte's Web) 2019 total revenues from 90M-100M with a 71% margin and only 40%-50% growth. At now $9.34 and 1B in market cap down from $25 pps and 2.4B market cap the stock is down this year from the high by 60%. Yet the company is very optimistic about the sector and prospects. My question for this company that I believe has missed revenues 5 quarters in a row, is how do you only grow at less than 50% if your crop is going from 300 acres to 866 acres without a drop in prices? Crop issues? I also noticed a lack of high quality smokeable top flower which imo indicates a lower quality plant than EXDI. However, if 300 acres equals 90M-100M in revenues then the estimates by EXDI of 40M-50M for 2019/2020 and their own 200 acres are very realistic. Furthermore if EXDI hits their target with faster growth and the same margins, then wouldn't the market cap by percentage be approx. 500M in one year? If so then a target of $8-$12 imo makes sense at current depressed yet more realistic multiples. Therefore my target of $10 by eoy 2020 remains in place. A target of 1B or $20 plus for 2021 is achievable. A premium if a buyout occurred would be appreciated.
Numberguy GREAT find! What Irie also does not understand is that most CBD products have little or NO CBD in them due to the cost and lack of high quality CBD. This was highlighted in the recent CNN special report. The demand for quality verified and CERTIFIED CBD products are thru the roof. But at the end of the day message boards and markets are an excellent place to disagree. I am LONG based on my due diligence. My only question for Irie is do you have a short position? If so please make it large. Remember your upside would be .70 while your downside IF short is unlimited. Please maximize it, lol.
EXDI is not an "outdoor hemp farmer". EXDI is a vertically integrated seed to retail HEMP/CBD/Top flower provider. The company has between 30-50 sku's in the CBD space. Therefore, imo the company will receive a 10x revenue multiple within the next 24 months and evolve into a 10x profit multiple pps after that point. With margins approaching 75%, the company while growing at a rapid pace of 50x this year and 4x in 2021, the multiple and pps will be based on revenues and not profits as there will be no profits at this time due to reinvestment. This is consistent with both current pricing in both the space and the NASDAQ in general. I encourage you to do more due diligence in order to learn more about the non farming part of the business. Coming trade shows and expanding retail operations will enable you to become both a customer of the highest quality certified CBD products as well as an investor. GLTU
Spoke to the company today. Today's sales announcements were done at an average of $330 a pound, valuing the top flower cut at approx. 10M over the next year. We will see The next earnings in about 2 weeks and an update regarding our hemp crop size and quality update as it moves from harvest to extraction within the next 60 days. While another large crop is seized and burned to the ground in CA. approx. 450 acres, and CO. crops are popsicles, and KY farmers are in lawsuits, and HA. farmers are toasting spam over their embers, EXDI IS EXECUTIONG QUALITY!!!!! Investors will be well rewarded IMO over the next 24 months. In fact the company even mentioned that planning and even action regarding next years crop expected to be in the 600-800 acre range is now taking place. I look forward to meeting with the company after the quarterly numbers are released. Great job EXACTUS.