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What a god awful painful process it is watching this bill committee goes through its crawling pace.
Sweet comeback on big volume. Banking bill vote close
WOW massive come back. Green would look really good today.
What is the purpose of having earnings released on 4/1 and then waiting for a call until 4/4. I don't think I've ever seen that. Anyone have a read on why?
Also what is expected for earnings?
Where are you charting the gaps at
The only thing Green on my board
No CW at the Hemp show in their own backyard?? Their two public competitors will be there.
No chance they sell out this year. And no way for a measly $4B. Maybe in a year or two or three at over $50B. Equity stake sure but not giving up this company with their name all over it for cheap.
Yes. I meant new info comes to light on the call.
The expectation is $23m. Given our recent 50% stock run we better get $27m+ or we might retrace a few bucks unless guidance is revised a lot higher or some other PR or conference call info accompanies the release. IMO
https://www.americanbanker.com/news/house-likely-to-pass-marijuana-banking-bill-but-will-it-go-further
House likely to pass pot banking bill, but is that as far as it goes?
UPDATE: The House Financial Services Committee recessed on Tuesday evening and plans to take up the cannabis banking bill and other scheduled legislation on Wednesday morning.
Here I posted something relevant to discuss and you guys still continue to have BS banter back and forth about CVSI posts.
Reminds me of when I get spam at work addressed company wide and everyone keeps replying to all to stop replying.
Okey dokey ... Let's discuss this then
https://articles.marketrealist.com/2019/03/what-to-expect-from-charlottes-web-holdings-q4-earnings/
Possible 30-40 percent move we beat imo
I'd like to see a price over 21/22 with volume Wednesday/Thursday for more confidence
Valuation
For cannabis companies, the enterprise value to revenue multiple is the preferred valuation multiple, as most of the companies in this space are yet to achieve profitability. Charlotte’s Web Holdings is valued at an enterprise value to revenue multiple of 10.7x its 2019 expected revenues and 6.0x its 2020 consensus revenues. Aurora Cannabis (ACB) is valued at an enterprise value to revenue multiple of 24.7x its 2019 consensus revenues and 10.9x its 2020 expected revenues.
Canopy Growth (WEED) and HEXO (HEXO) have 2019 enterprise-value-to-sales multiples of 24.4x and 9.3x, respectively. Read How Cannabis Stocks’ Valuations Stack Up amid Recent Weakness for more analysis.
Zzzzzzzzzzzzzzz
Just for fun ... What do you think the ticker symbol will be when we uplist.
CWEB, CHW, CW, and CWB are taken.
Maybe CHWB but looks to much like Charles Schwab (SCHW).
WEB is available and CHAR is also. WCBD, CWBD?
https://www.marketwatch.com/story/cbd-easter-candy-has-arrived-2019-03-18?bounced=true
Easter candy is getting the CBD treatment.
David Klein, the maker of quirkily-flavored Jelly Belly jelly beans, is now infusing candy with cannabidiol (CBD), one of the compounds found in marijuana plants that is non-psychoactive and won’t get users high like THC. It’s the latest mainstream candy to jump on the marijuana edible trend, joining the saturated market of gummies, chocolates and fruit snacks.
Looks like preparation for an uplisting to a major US exchange ...
SEC Form S-1 is only for corporations based in the United States and must be filed before shares are listed on a national exchange. It is essentially a registration statement that is often filed in connection with an initial public offering.
That was supposed to be a smiley face not question marks. :))))
Got my 10,000 shares today at 1.75 ??
FYI from the Charlotte's Web board ...
Exciting news from the Golden State!
A Roundtable-supported bill that would clarify that hemp-derived CBD is legal for manufacture, distribution and sale in the state of California passed out of the Assembly Committee on Health yesterday afternoon without a single no vote. AB 228 would expressly permit the retail sale of hemp-derived CBD in foods and supplements, and also in topical applications. As a bonus, we’ve got the committee analysis here for you today. If this bill passes the Assembly and the Senate floors with the current urgency clause included, the law would go into immediate effect following Governor Newsom’s signature.
There's only a total of 900 shares on the ASK from .72 to .94 UGH - It would take a while to scale at this pace - I missed a big bid on the Ask this morning
I keep looking for an entry to buy at least 10,000 plus shares but its so thin on the Ask and not any selling on the Bid
I've never been so happy to be wrong. I've never been great at short term TA which is why I invest/swing and not trade. My 20,000 shares are smiling big time today.
I see the short term 5 day starting to go flat to down sightly. Maybe a quick retest of low to mid 16's is all. One month+ is definitely expanding and looking SWEET.
Break of 4 with good earnings send us to 5 quick. Break that and 7 should come fairly easy.
This one needs a couple weeks to tighten up but a break and hold of $3.30 and we ride to 4 and 5 fairly easy. Needs to keep holding the low 2's for now.
This chart is looking SWEET. Bollinger bands close, MACD about to cross up. Beautiful rounded bottom. We might be close to a rocket ride to $5+ US.
In hope we don't see a drop in the index news. The Bollinger bands are wide and the MACD line might cross back down.
Cool article on the coming explosion industry wide: https://www.investopedia.com/how-cannabis-can-become-an-industry-worth-trillions-4588542
Double Top Breakout yesterday https://www.stockcharts.com/freecharts/pnf.php?c=CWBHF,P&listNum=
Thanks for the Charts ... Looking good Billy Ray
Can you screen shot the chart.
Maybe just out of order trades. I see $15.77 now as close
Did they actually paint the tape at $15.27 on a HUGE spread - ridiculous. Let's blow up past $17 this week.
Green to red to BIG Green Day - Let's see $16
This is gaining steam on volume HOD and 1 month high. 2X daily on US. MACD just about to peak up. Need to pass $15.80 with volume this week. Break of $16 opens the doors to $20 this month. Hope I don't jinx it.