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A little over done on the fall here, no matter I've got room for some.
Regarding Stuart Tomc -- https://www.linkedin.com/in/stuart-tomc-b114b2a1?original_referer=https%3A%2F%2Fwww.google.com%2F
It appears cvsi should update the old website.
Looks like nothing but sells in the last 45 min.
Getting out while the getting good?
https://ih.advfn.com/stock-market/USOTC/cv-sciences-qb-CVSI/trades
Not to bad at all down,at little over 4 percent on 33k in trading dollars. That's a win around here.
28k in trading dollars today, not bad for a 3-4 cent stock going nowhere.
I do have a small bid under 6
Regarding the standard 13filing. “COWEN FINANCIAL PRODUCTS LLC”
https://whalewisdom.com/filer/cowen-financial-products-llc
Required filing, nothing special.
Yep, and it makes sense , have your cake and eat it too. Unless of course if things don't change.
All true.
slow day, no posts, at least none worth reading. Wonder how those sales numbers will be. Also how did they do on those SG&A numbers they were going to cut.
28k in trades today, not too bad. IF it ever gets back up to 100k a day we should have some trader action.
No, it’s not. I do take omega 3, soft gel, I also take an immune system support {not cvsi} and a multivitamin gummy ever day and yes cbd {no longer cvsi}. I take the best of those I can find and I’m hear to say it’s not impossible to take more than one thing a day.
I just think not only is it better to go with top of the line in each of those but also taking the best of the best has shown me better results.
Cabos, WHAT ! You mean to tell me you wouldn’t run down to buy Highsman, it’s Ricky Williams man, He was like Walter Payton or Barry Sanders or even Jim Brown, just not as good. But I get it, your old like me, got to go with what you know, what if Clem Kadiddlehopper endorsed mary jane back in the day, it’s just like that, only there using someone that nobody remembers is all.
Hope all is going well.
In regards to cbd with omega 3 . Here is a few of the many, many that sell omega 3 with cbd. My favorite is the one that also has vitamins. 60 count 35 bucks. Cheaper than cvsi but who’s counting.
https://www.oglaboratories.com/products/og-cbd-omega-3-gummies?variant=27885274595433
https://www.cypresshemp.com/product-page/extra-strength-900mg-cbd-omegas
https://cbdliving.com/products/cbd-gel-caps
https://cbdamericanshaman.com/cbd-omega-3-supplement
https://omegabritewellness.com/
https://www.nhproducts.com/blog/minami-cbd-and-omega-3.html
https://onehappybush.com/products/og-labs-omega-3-cbd-vitamin-gummies-60-count
The Food and Drug Administration (FDA) has released its finalized guidance on developing cannabis-based drugs.
This is the update from the draft of 2020.
In regards to CBD, see below.
Meanwhile, advocates, lawmakers and stakeholders are still waiting to see what actions, if any, FDA will take to allow for the marketing of hemp-based products like CBD oil in the food supply or as dietary supplements.
Grab a snickers
New FDA cannabis guidance (Newsletter: January 24, 2023)
https://www.marijuanamoment.net/new-fda-cannabis-guidance-newsletter-january-24-2023/
Coming out hot this morning. 30 min in and already 4 trades for a total of 92 dollars. This could be another 1000 dollar in trades day!
Crazy Craig’s conspiracy theory says cvsi couldn’t be in a better position. Next to nothing in cash, falling sales, leaving board members, vp’s going to the competition. It’s all part of the plan, man. What plan, ask Crazy Craig. He has the vision. Saw this go from 5.00 when he bought and followed it down to 0.03 cents. All part of the plan.
I have to say it’s good that Dowling is reaching out to join Nutritional Outlook’s Editorial Advisory Board. It’s good to setup the network now, for life after cvsi. Smart play.
For the last year or so cvsi appears to be looking for a buyer to get them out of this mess, someone, anyone. No takers.
Apparently now down too anybody who left the company is fair game to think the reason they left is to do a double secret merger, I mean why else would they leave?
So let me speculate here, how about Mona lets the company continue to fall, picks it up for a song and then takes it private. And if so, well played. Perfect time to do it is in a recession. IMO
The one who got canned, or maybe just said enough is enough.
Stuart Tomc
Brand Ambassador at Nordic Naturals
Aptos, California, United States
No golden parachute for him, wonder why?
Fearless leader Michael J Mona, III Operating Officer at CV Sciences
San Diego, California, United States
Chief Operating Officer & Co-Founder
CV Sciences
Jan 2013 - Present10 years 1 month
As a co-founder and COO of CV Sciences, I oversee the day-to-day operations of our business, in addition to managing supply chain, product development, European and domestic production, laboratory operations, and fulfillment. Further, I am responsible for leading, managing and growing our current and future operations as we expand our distinct divisions: pharmaceuticals and consumer products.
I would think the jury is still out on their business plan. It is risky to be sure.
Big dogs seem to eat a lot. In this case it’s money. For the first nine months they have a net loss of 171 million dollars. That’s not good. The bigger issue is those “2026 notes”. Private placement notes currently at 540 million. During the nine months ended September 30, 2022, the Company repaid $1.9 million in principal on the 2026 Notes. That’s a concern for me.
The taxes are a concern as well, but there are some factors that may change to charge owed. REF 10q “Provision for income taxes is calculated using the asset and liability method. Deferred income tax assets and liabilities are determined based on enacted tax rates and laws for the years in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized”
And
“As we operate in the cannabis industry, we are subject to the limits of IRC Section 280E under which we are only allowed to deduct expenses directly related to the cost of products and the cost of producing products”
The current effective tax rate is 58 percent. Again, from the 10Q.
There many other lessor concerns, still very real, BUT, the full story is still in transition, still being build out and still not fully developed. The next few years will tell the story here, but right now that story does not have an ending.
And your right, GTBIF is deferring tax as well, currently 80 million. Most in this sector has been.
Well, thanks. You know the last several weeks or so most of the talk has been about buyout. And that does make sense as I would think most already know that cvsi can’t stand by itself much longer, at least not without a major increase in sales, and there is no reason what so ever to assume that will happen. A 3-year track record says otherwise. Still there are many, many cbd companies to buyout. Not that many that will be. Not much on playing the lottery with my investment money. I do understand the need to create interest on the board, I do have 2 here that I can’t read, but I think waiting to see what happens in this sector, and then judging the action is better than proactively creating an unforced error in guessing, especially going into a recession, I know this I’ll feel a lot better coming out of one than going into one. IMO
Current update on NN probable partnership.
Currently it’s in a state of not existing and not being real or present. See pipe dream
Well here we go. 85 trades, 52k in dollars and up ½ of a cent.
Regarding cynical, that’s fair. The movement is in the right direction. Yes, I see that in the charts, still the macd and the pmo are peaking above. I’ll be watching the adx to see if we get the crossover.
In looking at a bigger picture , the S&P lost the 200 day yesterday and lost the 50 day today. I think it’s important to at least watch the S&P for the overall health of the markets.
Sure, listed in Nov 9 filing.
https://www.sec.gov/edgar/browse/?CIK=1754195&owner=exclude
Under Deferred tax liabilities
Got it from the 10k from last Nov.
This company, the whole sector needs to have congress get going on that SAFE banking act.
They need to get a break with the congress on that SAFE banking act.
It would be nice if congress got fired up on this SAFE again.
As of Nov 9 2022 - Deferred tax liabilities $220,206,000. Are you saying between then and now they paid it up, and if so how did you find this info?
With this cvsi, Stuart, NN thing being proposed. First, we don’t know if NN really is even considering adding a blended cbd line. But if and again IF they were, wouldn’t it be a smarter play to use a white label provider, there is a lot of manufacturers expertise out there to be tapped. I would think they would try that first to see how it sells before buying a company, especially one that’s losing sales/money. Try it, see if it fly’s. Stuart would know the best bang for the buck manufacturer. But again, were getting ahead of our self’s here, we don’t even know if there is any interest in doing that at NN.
Perhaps I should be more optimistic on the FDA regulation roll out, or as they state frame work. But I think I’ll wait and see EXACTLY what they say and how they plan to regulate. Not negative about it but just waiting. One of the things I’m looking for on whatever they come up with is the time frames. Are they going to pull product from the shelves or are they going with any new product must comply and again by what date. Anyway, without knowing exactly what they going to do the waiting game will continue.
That 600 million shares they plan to dilute with is going to be problematic. If you go with the last year or with the last 2 years, it would be 8 and 12 years to get all the shares in the market place. If you go with 1 million shares added per day {roughly 250 trading days a year} it would still take over 2 years. At the current price it would be worth roughly 20 million in dollars but again over two years to do it. When they pushed the vote thru the stock was worth twice what it’s worth today. Challenging to say the least. Would they try and do the up to 1 for 400 reverse split first?
In regards to Stuart Tomc leaving. How about this, time was up, cvsi says we don’t need him, and he went to a company that does. Seems like it could be as simple as that and it checks all the boxes.IMO
Good day today. 20 trades for 2600 dollars. Moving on up. And look at CW today, they lost a whole CVSI worth. 0.034 vs 0.033.
One can speculate till the cows come home, but the company is the one painting the picture.
Bankruptcy has to at least be factored. If you look at what the company is saying, well here, from the 10k 2 mo. ago.
U.S. GAAP requires management to assess a company's ability to continue as a going concern for a period of one year from the financial statement issuance date and to provide related note disclosure in certain circumstances. Our financial statements and notes have been prepared assuming the Company will continue as a going concern. For the nine months ended September 30, 2022 and year ended December 31, 2021, the Company generated negative cash flows from operations of $2.1 million and $7.5 million, respectively, and had an accumulated deficit of $85.4 million as of September 30, 2022. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund our operations and growth initiatives. The Company intends to position itself so that it will be able to raise additional funds through the capital markets, issuance of debt, and/or securing lines of credit.
The Company's financial operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern. The Company will continue to pursue the actions outlined above, as well as work towards increasing revenue and operating cash flows to meet its future liquidity requirements. However, there can be no assurance that the Company will be successful in any capital-raising efforts that it may undertake, and the failure of the Company to raise additional capital could adversely affect its future operations and viability.
The question becomes, and the focus on those capital-raising efforts.
Again the company states flat out “The Company's financial operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern”.
And
“ there can be no assurance that the Company will be successful in any capital-raising efforts that it may undertake, and the failure of the Company to raise additional capital could adversely affect its future operations and viability”
This is what the company is saying. I think it’s worth paying attention too.
I will also add we appear to be heading into a recession, and if so, that can surely change the valuations of, well everything