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Imo, we churn here for 1-2 weeks. Traders move on, long term folk pick up their shares. The stock builds a new step. (News changes everything). If no news we make another attempt at 200dma in a week or two. Long term up trend for chart and revenue.
I like the chart but I am no expert. Higher highs and higher lows. Nice up ward trend. RSI cooled way down. Imo, few days of churning with moderate volume in the 70 cent range would be a good thing
I would think that the companies foundation/fundamentals is so much stronger than the last run, we may only pull back to the mid 1 dollar range. It seems pretty undervalued. But we shall see. Chart looks pretty primed for a run.
I have not heard anything about the 2 billion dollar buy out offer from monsanto that is closing next week, Wednesday, you?
Why, all of a sudden, increase in vol. No news, What's up. Maybe a LG investor saw the possibilities here. Any ideas.
It would be nice for GROG to partner with a company like cn#b. It could be very helpful for both companies. I would not be surprised, if GROG gets some sales, that a company growing hemp and manufacturing their own cannibis oil might really like our product.
I might buy back some of the shares I sold in .13 range. If there is no news in Oct, I think I would be able to get them in the .05-.06 range. I would definitely jump on that price. But....... we shall see
News of revenue would make a huge difference.
Gotta a feeling Oct is going to be a fun month for cnab share holders.
One of the major reasons I am here is my wife has gone from 12+ seizures a month, To one to two. Cnab has broad scope patents. Nice share structure, growing revenue. Going to be a home run.
Although, the cannibis home run really already happened for me. Lol
Don't think insiders have the cash to buy shares. As I have spoken with grogenisis, I have gotten the feeling, (Not spoken directly) that folks are probably putting cash in to keep the company afloat until something happens with the product. Just a guess, who knows how they have kept a float with no sales. Still hopeful.
Nice size buyer at .07. Good to see a buyer even down there.
Yes it is hard to be patient, but I kinda like these stocks/stories that are no Brainers and seem to languish.
Buy every time it dips, and wait. If this would have gone to 2 bucks after my first buy I would have done well, but now. Lol
So let it languish another month or 6. I am very confident what I own.
That being said I think we are off are recent lows for good, but .45 would be great again.lol
DENVER, CO / ACCESSWIRE / September 25, 2018 / United Cannabis Corporation (OTCBB: CNAB) (the "Company" or "United Cannabis") today announced that its Joint Venture (the "Joint Venture" or "UCANN/CRD"), which is 50% owned with Jamaica-based Cannabis Research & Development ("CRD"), has received conditional approval of its license to cultivate, process, transport and conduct research on cannabis within Jamaica.
Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, "This is a monumental milestone for the Company; this approval provides us with ability to establish a licensed facility from which we can manufacture our medical cannabis Prana products for distribution approved markets around the world."
Products covered under this license include the Company's complete Prana Bio Nutrient Medicinal line as well as its industrial hemp products; CBD-Infused Water, Prana P5 Hemp Bio Nutrient Capsules, Aromatherapy Roll-On and Sublingual Drops.
Blackmon went on to say, "Jamaica will be a significant hub for United Cannabis. This August we began clinical trials on our Prana Bio Nutrient Medicinal P1 Capsules which we expect will provide us with significant data as we proceed with our efforts to establish Prana products as an FDA-compliant line. This license gives us the ability to oversee all aspects of our production, from seed cultivation through production, something we are not currently able to accomplish in the United States."
News today
CNAB ) United Cannabis Corporation Receives Conditional Approval From Jamaica's Cannabis Licensing AuthorityFont size: A | A | A
8:32 AM ET 9/25/18 | Dow Jones
Little clip from article.
Really like the fact that it appears any beverage company wanting to put cannibis in any drink will be knocking on cnabs door. Wow!
Currently trading at a $42 million market valuation CNAB has $534,000 in the treasury, $9.4 million in assets, manageable debt and fast growing sales reporting $2 million in revenues for the 2nd Quarter 2018. Management said it expects to maintain this level of revenue going forward, forecasting a minimum of $10 million in revenue for 2018. CNAB is one exciting Company making big moves on a number of fronts; CNAB recently initiated clinical trials on its Prana Bio Nutrient Medicinals P1 Capsules, they also built out and launched an industrial hemp-based processing facility and is currently growing industrial hemp on hundreds of acres of farm land. The Company also owns the valuable 911 patent that gives the Company a broad scope of protection over liquid cannabinoid formulations that have high concentrations of THCa and CBDa. Thie could give United Cannabis the edge as the big boys look for a partner to create CBD infused drinks. CNAB has a long history of big moves when cannabis heats up as it is now as we near October 17th.
Sure hope so my friend.
Really nice, down to earth, just the facts type write up. Solid company long term, patents r what will separate cnab from others in the field.imo
I believe it is visible to anyone who searches, that cnab has huge potential. Short term who knows, but long term they appear to have positioned themselves for pretty impressive rev growth. I think the chart is also starting to flip the trend. Would love to see the price close in the mid .70s be eow.
I would love to see that, but I expect it will be pretty volitle. I am hopeful the trend has now changed to up. It might take us 4 or 5 months to reach 2 dollars, or we might have some crazy days with positive news and we see 2 dollars in a few short weeks. Either way, lol
All imo, gltu
Finally??? I thought u were patiently waiting. Lol Great to see a little movement. This stock. Once we break 200dma will be a huge winner. Kinda risky to sell , you never know when It will break out.
Thank you, makes sense. Pretty exciting long term.
43% drop before whoever the seller was found a buyer, I know it was just a few hundred shares. Pretty sad either way.
I hope, but I don't know gentleman.
What patent protection would assure them that we would receive funds and why? Or just point me in the right direction to find the answers. Thanks gltu
Boy if we knew which one. Lol it would be great. If cnab continues to be well run, the world wide market is huge. I know someone who is being helped by cbd oil, with seizures. Other meds little help. Gltu
Need a little news or update to get the sp headed up.I agree, once we see that, we should head up. Btw, thought you might have bailed, (retreated) lol
Gltu
Very much hope it is successful. I know of nothing wrong with the company except we are going on a year since announced sales. Because of that I have lightened up above .10. Still have bunches. I have been the major seller, still hoping I did the wrong thing. Lol I won't sell below .10, hope I don't end up sorry about not taking .5 or .6. If we do trade in that range, and then they have an order, someone will do well. Who knows???
Well did u get any answers from the company?
6 plus million for 12 million shares, not 12 million dollars. Still big imo. Some one who knows more than us stepped up big time. Things must be going well behind the scenes.
Cnab closed deal on max of 12mil in funding. Imo should be good for share holders. Imo we bounce from here. Hope we see .40 again but I think it is now less likely, I bought on this news. Fwiw
I know and you probably know what the company would say in response.
We won't put out news till we have. We will not put out fluff.
We dont want to jeopardize potential sales by announcing them prematurely.
So here we all sit, waiting and waiting.
Feel your frustration. I have been very suppotive financially, so far marginal results, still hoping for sales/success.
Low volume, no news, it could happen.
Gltu
Well could not resist today's price. Won't buy more now unless we see mid .40s. By the time we get more confirmation of rapid growth the share price will be .80 or more. Glta
Would not mind a double bounce of .44ish, will buy more if it happens. Just a matter of time before we see this at a couple dollars again. Imo
Picked up a few more at .49. I am ready for a move. So yes we can move up now.
Nice find, makes me feel a little better. They are prepared for worst case. Nbd imo.
Nice find, makes me feel a little better. They are prepared for worst case. Nbd imo.
Got a few more at .569 today, couple of cents below my average. Imo these shares are a very good price. Will continue to buy on dips.
Got some more at .62 today, pretty excited about the future. Hopeful we hang here for a while. But I am not confident we will.
Good News! If an order happens on a annual basis here, its about the same time of year we got one last year, our 2018 should happen any day now.