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Looks like they’re fishing for a merger. I’ve been a shareholder for years, but this is the first conference call I’ve listened to. The presentation was certainly dry, but I’m optimistic about the coming year.
Both charts look pretty similar, to a novice’s eye anyway, which I am. I wonder how much price action comes from etfs as opposed to individual people trading specific cbd stocks. It seems like stocks in this sector always rise and fall in sync.
Do we know when Q1 earnings will be reported?
I’m not going to debate with you. I like the stock. Going back to lurking now.
https://www.globenewswire.com/news-release/2019/04/15/1804279/0/en/CV-Sciences-Inc-Appoints-Deloitte-Touche-LLP-as-Auditor.html
Why are we talking about old news? Sec already went after Anton & Chia/Mona Jr years ago. They are both history and cvsi has moved on. Cvsi a great company with products they sell at my local Kroger in Texas. I believe in their product and I like the stock.
The last time you looked, huh? I guess you haven’t looked for a while. And you must not have looked the last dozen times you’ve posted here.
Indeed. Canb is not a cbd business. It’s a share selling business that uses cbd as its vehicle. Marco and the gang are well compensated while they manipulate the share count and steal from regular shareholders.
Indeed, one would have to have no brain to buy and hold this stock long term.
If you bought and held Canb starting two years ago, you would have lost 99% of your investment by now.
Does that sound like a good investment to anybody?
Lol, this stock is down 99% over two years. Nothing misleading about that number. Smart money would be pretty foolish to add or hold this garbage stock.
I don’t usually sweat the little stuff, but it’s pretty lame they released a pr about earnings being released after open and then didn’t do it. Not a very pro move. Doesn’t really matter in the long run, but it’s incompetent and irritating. Typo I guess?
Oops. Canb is no longer the “only publicly traded company with thc free cbd.”
Yawn. “Smart money” has seen their investment steadily decline over the last two years.
Canb be is a poorly run company pumped by liars and suckers. If you can time the pump, you might make some money trading. Very poor long term investment for everyone who has been here any length of time.
Sleek gave up on this board?
If Canb performed the reverse split to uplist to nasdaq, and uplisting can only happen after cbd is legal, why didn’t the company wait until legalization before executing the split?
There are many otc companies who perform reverse splits, and almost all of them use uplisting as their excuse. Most of the time, the real reason is because they want to sell more shares to pay themselves while shareholders hold the bag.
Canb is no different. They performed a r/s fully intending to sell more shares and dilute shareholder value. This is a sleaze company run by liars and scum, pumped by liars and scum.
I wholeheartedly agree.
Canb wants to issue more common shares?
I’m shocked.
Incorrect. The financials are not excellent.
Exactly. 79% margins and they still managed to lose money. How is that even possible?
Surely, smart money must have accumulated all the shares by now. Apparently they’ve been doing it for years while the share price has lost over 90% of its value.
$7m in revenue is a straight up lie. Read the q.
And yet...they still lost money.
I don’t understand how a net loss twice the amount of revenues is nice. This company bleeds money every quarter and stays in business by selling shares. They sell a lot more shares than they sell cbd products.
Canb did NOT have 7m revs. They had $569,707 in revenue and a $1.1m net loss.
For anyone considering a long position here, consider this quote from the financial statement. “The Company plans to improve its financial condition by raising capital through sales of shares of its common stock.”
Translation: they are going to dilute your shares.
Fake news.
Agreed. First the pump, then the dump.
I disagree with this interpretation of events. I bet when they allow dietary cbd, they’ll use the same .3% thc guideline they’ve already established in every other area relating to hemp and hemp derived cbd.
Just my opinion. Could be wrong.
Either way, Canb is a terrible investment. Even if Marco et al are legitimate businessmen, they’re terrible at it. They did the r/s knowing they would have to sell more shares to keep the doors open. It says so right in the year end financials. No cash, lots of debt, losses every quarter. How else can they stay in business but to dilute? The uplist to Nasdaq was a straight up fabrication to put makeup on the reverse split pig.
Looks like Canb is selling masks now. This company just cracks me up!
https://canbiola.com/kn95-masks-50-pcs-non-medical/
Yes, they posted this a month ago.
Now we are waiting for q1.
Until something dramatically changes with this company’s performance, they will never, ever uplist to the nasdaq.
Pre r/s price of .002 now and dropping.
Has Canb communicated any information on its Q1 earnings report?
Stanley Teeple said we would regret not buying at .07 pps. It now sits at .003 pre-R/S
Despite whatever has been said about marco, the board, the product, the websites, the shi farms deal, the share count, the r/s, or anything else, this has been a losing investment for over two years.
Other cbd stocks have also been bad investments. Canb is one of them.
Buyer beware.
Right now, the market cap is near the annual sales. If q1 is 6-8 million in sales, should we expect the pps to decrease to .24-.32?
Any thoughts?
I was not commenting on Canb versus Cvsi. I was offering a suggestion on why there are no insider buys here.
Have Canb insiders EVER purchased any of their own shares?
In the financials, they mention a substantial amount of stock based compensation. The board members of Canb don’t need to buy stock when they give it to themselves for free.
This stock is a poor choice for both short term traders and long term investors.
First, there is not enough volume here for traders. No liquidity at all. There were 160 shares traded between 8:30 and noon today.
Second, based on the financial report, we know Canb plans on raising money by selling more shares. Why should an investor buy and hold shares when the company is not profitable and will continue diluting?
Section F-6 Note #2 from the report:
“The consolidated financial statements have been prepared on a “going concern” basis, which contemplates the realization of assets and liquidation of liabilities in a normal course of business. As of December 31, 2019, the Company had cash and cash equivalents of $46,540 and a working capital of $2,881,147. For the years ended December 31, 2019 and 2018, the Company had net loss of $4,592,470 and $4,112,277, respectively. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company plans to improve its financial condition by raising capital through sales of shares of its common stock. Also, the Company plans to expand its operation of CBD products to increase its profitability. The consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.”
I guess the definition of excellent has changed.
Almost 4.6 million loss. Only 46k in cash. A running deficit of 23 million and in “arrears on accounts with certain vendor creditors.”
They will need to raise money to stay in business. More share selling, more dilution.
Check out the going concern section: https://sec.report/Document/0001493152-20-005643/form10-k_001.jpg
With the “huge q4 numbers,” do you anticipate Canbiola posting a profit in their financials?
Do you expect a profit on the q4 or the annual report?
What’s up with all the 1/10th of a cent bids and asks?
Your description of Sbarro is 100%. A friend of mine says that’s his favorite pizza, lol.