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First sales in Canada is on October 17th from what I read. A new all time high is definitely achievable with that an other catalysts coming up. I'm in the US ticker for CRON and expect it to go higher than it's previous $12 all time high
Never look for previous month numbers this early
Regardless of what happens in the short term (minutes, hours) Canada is voting on recreational MJ today so the whole sector has started running. I'd be surprised if this didn't follow suit over the weeks.
I honestly don't see any major sell off. Everytime there has been any sort of legislation the sector ran for weeks
What the hell does this company even Do? It's the most basic simple website with little vague info. First Twitter post ever today for the company? Something smells fishy to me
Every article I have read says otherwise. They are voting on it by June 7th at the latest. Here is just one of the articles showing this. Once they pass it this week the sector is going to run again. Only one bill in their governments history has ever failed after successfully passing in the House of Commons.
https://www.ctvnews.ca/politics/marijuana-bill-faces-critical-vote-at-last-step-ahead-of-legalization-1.3958662
With that said tho, I do think it'll actually run once the sector runs on Canada legalization that gets voted on next Thursday.
It's relevant when people try to say they will be #1 in cbd
Umm no. They have 323 million in assets alone. Not even comparable. And they have debt bc they are expanding growing facilities. Big difference between a mini Mart middle man product company and a growing giant that makes the products from it's own resources.
Not a chance. ACBFF is already doing CBD products and they generate more revs in a month than POTN does in a year. Plus they already have licenses in multiple countries. They are way ahead of the game and no chance POTN surpasses them. They just made the biggest acquisition last month in the whole sector joining the 2nd and 4th largest mj companies in Canada. POTN is a very small player
And what happened the next day? Oh that's right a big red candle. Look at the charts. You will see. I'm not here to teach you. The whole sector was red today and looks like another red day so say/think you want. No news tomorrow. Pullback imminent
Technical analysis is showing on piles of indicators and signals to sell. Candle pattern is the same. Only an idiot would hold this tomorrow
Again the numbers say otherwise. I'd rather rely on solid information
No...no it wont...that number includes medicines for all kinds of stuff like diabetes and shit. It may grow, but I would not count on any sort of significant growth. Competition has already been there and numbers say Americans don't care about spending money on health and wellness for pets. Mom and pop restaurants do more in revs than Americans spend on there pets lol how can any of you actually think this is going to do anything significant? Use logic and reason not hope and dreams.
Numbers don't lie. Only 15 million spent on all health and wellness products in the US. That is far from huge
Lol! You will learn. I've been here since last summer. Watch for the dumps
Yeah...except cbd is medical. When you include everything then you are including food items, collars, leashes, toys, beds, and all that other crap. The health wellness is miniscule in the pet sector. 15 million for the whole US. It will never ever hit 50% of the whole pet spending bc food>pain reliever(which only applies to a fraction of pets and then yet on top of that only applies to people willing to spend money on it)
Because the market is small. 15 million was spent last year between all health and wellness companies. IF POTN grabs even 10% of that it's still only 1.5 million extra a year and that if they even get that much market share. This is like be happy you found a penny on the road
Very small. Only 15 million in 2017 for all wellness and healthcare products on pets was spent in the sector. If you honestly think that's substantial than I have some special sand to sell you
Again go read the article. It says last year people spent 69 Billion on their pets. This includes food, bet bills, toys, beds, collars leashes, and all that stuff THEN it says that on healthcare and wellness products out of 69 billion only 15 million was spent on where cbd would be categorized.
Straight from the article. So please stop spreading false info. This is fluff news
Huge? Did you read the article?
"In 2017, American pet owners spent more than $69.36 billion on their pets. Of that number, nearly $15 million was spent on over-the-counter health and wellness products, a sector now enriched by Diamond CBD’s innovative “MediPets” product line."
That's roughly 1.25 million spent each month in the entire US and that's on all medications. That s huge?! Lmao!! If they captured this and grabbed a tenth of the total market (which is extremely generous) that's still only 125k a month.
When it comes to online sales it's a dime a dozen. Do you know how SEO works? When we start comparing growth from when the company was more established than I'll be impressed, not cherry picking numbers from when the first threw the website up. If you can't beat the very early stages of numbers from a year ago than just go work at Wal-Mart
The article never said they did "record breaking internet sales" that would imply that may was their best online sales month. INDTEAD the article states the increase from last year in may...ya know when they were a few month old company. If they can't increase on that then they are even worse than I thought.
That s like anyone starting online sales and after a whole year saying "see i got a little better" of course! It's not hard to beat sales from a company that was brand new at the time. It's all about perspective. They worded that article perfectly and everyone ate it up like sheep.
Not sure who you are talking to? Me or BillyTBone? The share price was .28 cents when they announced the negotiation. Stock price TANKED to .19 in about a week after because they dumped. Its blatantly obvious.
When did it down trend at a much faster rate? When the noteholder dumped from .28 to .19 they still have debt to negotiate and I'm not going to be stuck in the stock the next time they do dump
They've said about this for around 8 months now. I don't invest in false hope.
I misspoke. Two Friday ago before market opened I was told to just buy and put down my charts. Stock tanks 11% that day lol
Yeah just like last Friday when someone said to put down the charts and just buy lol this is a pure pump and dump on a company holding toxic debt
Exactly right! None of us know with certainty how these shares will be handled. Anyone in now is playing a dangerous game imo. Last time they negotiated debt the shares were dumped on the market. No thank you.
Lol! They have stagnated all year
Exactly! Numbers can be very deceiving depending on how they are used. In this case....they are cherry picked
What does the audit have to do with anything? My point is it's a garbage article BECAUSE they are comparing JUST online sales to last year when the company was BRAND NEW so of course they will beat last year's online sales when they only bought diamond of January of last year.
I want full reporting and comparisons to stuff that actually make sense, not "oh we only put up the website early last year so let's cherry pick these sales and compare them to appease the shareholders". Open your eyes! This is as bad as them reporting revs for "the first 15 days in februrary" what company does That? Shady ones trying to hold share price up for debt collectors
Yeah I read it and said it was a garbage news report. This is like back in February when they reported revs for the first half of the month lmao
Very soon? You mean like how when they said the audit would be done soon and then it took months longer than anyone anticipated.
Garbage news today. Really?...an article just saying how much they did in just online sales? Comparing to online sales last year in May? LOL what a joke of a comparison.
I wouldn't want to buy and wait either honestly. Look what happened the whole time waiting for the audit
"Very close" just like the audit that was delayed multiple times and took much longer than they anticipated. For all we know their application was denied
Probably moved on to another stock to try and pump
Only 215k volume in the first 30 minutes? This volume is as dry as the Sahara desert
Not according to the technical analysis. Pullback coming.
Technical analysis