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I'm gonna scoop up some more at these prices when my $ clears tomorrow. I can't resist! Something is brewing. I was told once 25 years ago that I am the little fish. I try to assume that I will be the last one to know if a company is going to be a boom or a bust. Market makers are manipulating the price down, trying to give the impression that this company is a bust and has no future. They know something. My gut feeling is something huuuuge is coming.
Steven Keen finishing Surna's showroom and completing a grow cycle with 40% energy savings would be huuuuuge!
More states are going to be legalizing recreational cannabis!
Cannabis finally getting rescheduled on the federal level.
Mexico with country wide medical cannabis and Canada with country wide recreational cannabis. Many hybrid green houses to be built in the next few years.
Jeff Sessions may get caught up in the Russian investigation and resign. This would be huge!
Yeah, .10 was huuuuge resistance, should act as support?
I just made a trip to the bank. Now just keep going down for three more days.
Keep pulling it down. Here come the big buys
So far today, there have been more buys then sells, yet the price goes down. Manipulation at its finest, playing on people's fears.
This has been going down on low volume (manipulation). The largest volume day this week was more buys then sells. I personally have been adding on the way down. If it breaks below .10, I'll be buying more.
There is no fundamental reason for this to pull back so much. Surna's balance sheet has been cleared up as far as most of their debt is concerned. Still signing contracts for their products and services. A little hiccup across the industry due to the political nature of the biz. Nothing fundamentally has changed for the worse. The statement about needing to raise more capital to continue as a going concern for the next 12 months is in almost every financial report I have ever read. They are continually signing contracts, so that's not a big problem. I have a feeling something big is coming. Maybe for the whole industry. Looks like Trump is gonna be gone and hopefully Sessions goes with him.
Solving the cannabis industry's banking problem would be huge!!! The rate of contracts that Surna is able to sign is directly correlated to the industry's ability to access capital. The industry is in its infancy and as all reports indicate it is going to continue to expand exponentially over the next 5-10 years. Many, many greenhouses are going to be built over the next 5-10 years.
Keep up the great info mc67! States are exercising their right to handle cannabis in a more sensible and logical way than prohibition. By the time things settle down at the Federal level, half the States & Canada will be full legal and Mexico will have medical cannabis nationwide. The build up of the cannabis infrastructure is about to scale up dramatically in the next year or two. The states that legalize first will produce enough for those that don't. States that don't take action will be left behind.
Considering the whole cannabis sector was scared by the new administration and Sessions, $3.5mil in sales for the qt isn't bad. Not to mention almost $2mil in cash in the bank. Once Canada and California start to build up their grow ops leading into legal recreational cannabis, Surna's sales numbers should start to increase substantially.
I know the feeling, but I really want to see the financials. Surna never hypes anything. Always let the numbers do the talking. One of these times, one of these quarterly reports is gonna blow this company up!! Might not be this qt or next. But with Canada going legal as well as a number of other states in the US in the next year or two, the building of the infrastructure of this industry is starting to ramp up. Surna is gonna be a major part of that building. Smart growers will spend a little more up front for technology to be more efficient.
It's coming soon. Tomorrow or Monday. Chart for Surna is a mirror image of chart for Canopy Growth for last 3 months. They found the bottom of their "V" today.
Wish I would have same some ammo too. Bought more in the upper .14's. With as hard as MM are yanking down on this, I'm certain there is something very positive coming.
Energy efficient grows highlighted at the annual AgCon conference in Las Vegas
https://lasvegassun.com/news/2017/may/10/weed-consultants-cost-saving-tips-pot-growers/?utm_source=mostpopular&utm_medium=banner&utm_campaign=mostRead
Lawmakers in Vermont legalize cannabis!
https://www.usatoday.com/story/news/politics/2017/05/11/vermont-marijuana-bill/316970001/
Lawmakers in Vermont legalize cannabis on their own! Without a public vote during an election!
https://www.usatoday.com/story/news/politics/2017/05/11/vermont-marijuana-bill/316970001/
It seems some lawmakers are very in touch with what the people want.
SRNA is the hidden gem of cannabis stocks. Revenues with no debt or toxic share structure in an ancillary part of the biz that doesn't touch the plant. With patented energy saving tech that will be needed by all commercial grows that are gonna be profitable.
Maybe Jeff Sessions is about to get fired? Maybe some new favorable legislation in a few more states? There are too many positive catalysts out there for the price to go down much further.
Market makers need shares for the upcoming financials release maybe? Are MM's expecting an awesome first qt report from Surna? So awesome they won't be able to keep up with demand, so they are trying their hardest to get as many shares as they can beforehand. I know that, I bought a few more shares these past couple days expecting good financials.
If this goes to .14, I will sell most every other cannabis stock I own and move it all here.
Lots of buying occurred leading into the last financials release. Hopefully the same occurs leading into the 1st qt financials as well.
The first quarter report must have some darn good news in it for the MM's to be pulling down on this thing so hard. Thank you, gave me a chance to pick up a few more!
I will hold this stock longer than any other in my portfolio. Financially, Surna is one of the most solid companies in the cannabis sector. Also has the safety of being an ancillary business to the cannabis industry and not touching the plant itself. Remember, cannabis has to be grown first. Before it be a medicine, before it can be put in edibles, or before it can be enjoyed recreationally it has to be grown.
We have 5 Canadian clients, which looks like it's around 10% of the legal medical providers licensed.
Anyone have an idea how the 1st Qt financials are gonna look? Seems like sales have been ramping up with more clients from Canada. Hopefully some of the deferred revenue is realized.
If these guys are really gonna build a state of the art grow house complex, they had better get in touch with SURNA. Surna sets the bar for energy efficiency and environmental control greenhouses, designed specifically for cannabis production.
Adds up to 12-14mil annual if things keep going steady.
I wonder if ACAN was able to attract any investors at the micro cap convention today. I hope so. They are supposed to break ground on the Massachusetts project soon.
Not expecting anything crazy from the annual financials. Just to see that SURNA is bringing in 12mil+ in business over the past year. Most of their debt has been eliminated and their sales are improving qt over qt. Which is leaps and bounds over wha most companies in this sector are gonna report in their annual.
Hello .17, you sure do look nice. Can't wait to meet your friends, 18, 19 & all the 20's and 30's as well.
Low volume today, but all buys! Quiet before the storm.
What part of this fledgling industry will be the first to boom? You have to grow the stuff before anything else happens. The infrastructure of the industry is gonna be high tech grow houses that operate as efficiently as possible. All the companies that are buying up land to build grow facilities and then lease them to whoever ends up with a license to grow, are first gonna have to build the grow houses. Who would you rather lease a grow space from? Someone who has a traditional grow house, running 1000watt lights and traditional environmental controls, with the traditional high energy bill to go with it. Or someone who has a hybrid grow house, that utilizes the sun as well as lights, with environmental control designed by SURNA that comes with an 30-40% smaller energy bill.
How can you say that, when they were able to find an investor to do a $2.25 million private placement with no transfer agent? Seems like some large investors do see value here.
The 4th qt report is really the annual report. Due 90 days after the end of the companies fiscal year. Which in Surna's case is dec 31 2016. So the 2016 Annual report is due by the end of March. Less tan 2 weeks away! Last year, Surna filed an extension for their annual report and it came out early April. They have 45 to file qt reports, so we won't have to wait long after the annual to get the 1st qt 2017 report. Due May 15 2017.
https://www.newcannabisventures.com/first-cannabis-etf-in-the-works-emerging-agrosphere/. AGTK mentioned in this news article.
I agree with that 100%. To stay competitive in the fast growing cannabis market efficient grow operation will be key. Surna has set the bar for efficiency in controlled environment agriculture.
Any word on the conference call that is scheduled for today?
SANTA ANA, Calif., Jan. 11, 2017 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, reported financial results for its first fiscal quarter ended November 30, 2016.
First Quarter Fiscal 2017 Financial Highlights vs. First Quarter Fiscal 2016
Revenue up 44% to $2.47 million
Gross margin up 50 basis points to 33.8%
Net loss, including $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense, was $(0.16) million compared to net income of $5,000
Record cash balance of $2.0 million compared to $0.30 million
Working capital up significantly to a record $3.38 million compared to $0.26 million
Executive Commentary
"Our first fiscal quarter began on a strong note, with record revenue and the strongest cash and working capital positions in our company's history," said Nick Kovacevich, co-founder and CEO of Kush Bottles. "This was driven by continued growth in California and Washington. More specifically, our customer base, average order size and number of orders continue to climb, and our e-commerce revenues also continue to increase. Our custom branded packaging revenues increased nearly three times from last year and our SKU count grew by 73%.
"During the quarter, we implemented a new cloud-based accounting, CRM and ERP system which we expect will improve our ability to scale. Our new larger facility in Washington has helped to accommodate continued growth, and we also expanded our sales force to penetrate the new states that legalized cannabis in the November 2016 election.
"As we look towards the remainder of 2017, we believe we are well-positioned to capitalize on the growth opportunities which exist in the developing, regulated cannabis industry. We have increased our customer base, which exceeds 3,000 producers, processers and retailers, and we've created one of the largest product libraries in the industry, with distribution spanning across 28 states and Canada. Also, we have doubled our revenue for two consecutive years, and we believe we remain in the early stages of our growth."
First Quarter Fiscal 2017 Financial Results
Total revenue in the first fiscal quarter of 2017 increased 44% to $2.47 million compared to $1.72 million in the first fiscal quarter of 2016. The increase was primarily attributed to growth in the number of customers, average order size and order volume in the Company's largest markets, as well as continued growth in other states with emerging legalized cannabis programs.
Gross margin in the first fiscal quarter of 2017 increased 50 basis points to 33.8% compared to 33.3% in the first fiscal quarter of 2016.
Operating expenses in the first fiscal quarter of 2017 increased to $0.97 million compared to $0.56 million in the first fiscal quarter of 2016. This was primarily due to a $0.12 million increase in non-cash stock compensation expense and a $0.15 million increase in payroll and related expenses due to an expansion of the Company's sales force and operational personnel.
Net loss in the first fiscal quarter of 2017 was $(0.16) million or $(0.00) per share, compared to net income of $5,000 or $0.00 per share in the first fiscal quarter of 2016. Net loss in the first fiscal quarter of 2017 included $0.12 million in non-cash stock compensation, $30,000 in depreciation and $24,000 for a non-recurring expense. Excluding these charges, net income would have been approximately $7,000 or $0.00 per share.
At November 30, 2016, cash increased significantly to $2.00 million compared to $0.30 million as of November 30, 2015. Total debt was reduced to $55,000 compared to $0.20 million in the first fiscal quarter of 2016.
Working capital was up significantly to $3.38 million as of November 30, 2016 compared to $0.26 million as of November 30, 2015, primarily driven by the increase in cash.
About Kush Bottles
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processers and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services more than 3,000 customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product (MIP) manufacturers. Kush Bottles aims to be the gold standard for responsible branding and packaging in the cannabis industry.
Ok. I found it now. Scottrade doesn't show their latest qt report, they need to catch up I guess.