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No reason to lobby, I’m fully capable to decide how to vote.
You are being very generous with that statement. The operating loss was 147 million last year vs a loss of 50 million the year before. Net loss was 137 million vs 30 million the year before. Assets dropped from 310 million to 171 million. Cash and cash equivalents dropped to 19 mil, from 52 million.
And to round out SG&A is 97million a year, however the total rev. is only 96million, add the cost of product and you have your loss. But again, that is not all your losing. They are in a box of their own making.
That's the 6th or 7th time now thge House has passed a bill to legalize marijuana. none have made it to the Senate floor. Would need 60 votes to pass.
Went thru the history, what a haul for the Stanley Brothers. Well played!
You like keeping track of risk factors. Here are ,as they word it, some, of the risk factors for CW. Not all are standard boiler plate as they say,
Risks Factors Summary
Set forth below is summary of some of the principal risks the Company faces:
Risks Relating to the Regulatory Environment
•The regulatory environment surrounding Hemp is uncertain, varies among jurisdictions, and is subject to change.
•The future of Hemp regulation at the Federal level is unclear.
•The Company’s products are subject to numerous and diverse regulatory requirements which may restrict the Company’s ability to sell its product, and regulatory compliance costs may affect the Company’s business and financial results.
•Compliance with changes in legal, regulatory and industry standards may adversely affect the Company’s business.
•The Company is subject to regulations that could impact its ability to sell its product internationally.
•Entry into international markets diverts management attention and requires financial resources that could be spent elsewhere and poses increased costs due to numerous banking, compliance, financial, legal, market, and reputational issues.
•The designation of cannabinoids as a New Dietary Ingredient (NDI) or as an impermissible adulterant are uncertain.
•The FDA Interpretation of IND Preclusion could be disruptive to the Company’s ability to sell its products.
•FDA enforcement against the unlawful sale and marketing of CBD products under the FD&C Act could target the Company and adversely impact the Company’s business and financial position.
•The FTC may take enforcement actions against companies selling CBD products, including the Company.
•The DEA Interpretation of the 2018 Farm Bill could cause the DEA to take enforcement action against the Company’s intermediate Hemp products.
•Any inability to obtain required regulatory approval and permits could limit the Company’s ability to conduct its business.
•The Company is subject to environmental, health and safety laws, compliance with such laws may be costly, and any failure to comply with such laws could negatively impact the Company’s results of operations or financial position.
•Regulatory uncertainty with respect to anti-money laundering laws and regulations impact on the CBD and marijuana-related businesses, if revised or resolved unfavorably to the Company’s interests, may have an adverse effect on the Company’s business.
•We could be adversely affected by violations of the Corruption of Foreign Public Officials Act (Canada), the U.S. Foreign Corrupt Practices Act and other similar anti-bribery laws.
•As a marijuana/Cannabis related business, the Company may have difficulty accessing banking services due to the illegality of marijuana under federal law.
•The Company may have difficulty accessing public and private capital and banking services, which could negatively impact its ability to finance its operations.
•The Company could be liable for fraudulent or illegal activity by its employees, contractors and consultants resulting in significant financial losses to claims against the Company.
•The Company faces security risks related to its physical facilities.
Risks Relating to the Company’s Business and Industry
•The consequences of COVID-19 and the governmental response to contain the pandemic could negatively impact the Company’s business and results of operations, financial condition, and share price.
•The Company depends on the success of the Company’s products, and the Company’s products may not achieve market acceptance.
•There is no assurance that the Company’s cash flows, and debt or other financing will be sufficient to fund the Company’s operations for the next twelve months or thereafter.
•The Company’s products have a limited shelf life and product inventory may reach its expiration prior to sale.
•The Company’s quality control systems may not prove successful.
•Reliance on the Stanley Brothers brand could have negative consequences.
•The Company depends on various third parties for the supply, manufacture, and testing of the Company’s products. No assurance can be given that these relationships will continue on favorable terms, or at all.
•The Company’s manufacturers and suppliers must meet cGMP requirements and failure on their part to do so could have adverse consequences for the Company.
•The Company’s manufacturers and suppliers must remain in compliance with the Hemp production and manufacturing laws of the states in which they operate.
•If product liability claims are brought against the Company, it could incur substantial liabilities.
•The Company's operations and industry may be subject to reputational risk.
•The Company is dependent upon agricultural production of hemp for the Company's operations, which are subject to seasonal and weather-related risks.
•There may be adverse consequences to the Company's end users should they test positive for trace amounts of THC attributed to use of the Company's products.
•The Company may be unable to obtain adequate crop insurance.
•The Company may be unable to obtain or maintain high quality farmland sufficient for its hemp cultivation needs.
•Climate change could exacerbate certain of the risks inherent in the Company’s agricultural operations.
•Hemp is subject to specific agricultural risks, which could negatively impact the Company’s cultivation efforts.
•The Company relies on third-parties for the transportation of its hemp and hemp derived products, any delay or failure by these third-parties to meet the Company’s transport needs could impact the Company’s operations and financial performance.
•The Company faces intense competition in a new and growing industry.
•The business interests of the Stanley Brothers may conflict with that of the Company.
•Changing consumer preferences could impact the Company’s ability to attract and retain customers.
•The Company’s customers may not adequately support its products or its relationships with such retailers may deteriorate.
•The Company depends on the popularity and acceptance of its brand portfolio.
•Supply chain issues, including significant price fluctuations or shortages of materials, and distribution challenges may increase the Company’s cost of goods sold and cause its results of operations and financial condition to suffer.
•The Company may not be able to successfully implement its growth strategy on a timely basis or at all.
•The market for the Company’s products and industry is difficult to forecast due to limited and unreliable market data.
•The Company depends on key personnel and its ability to attract and retain employees.
•From time to time, the Company may rely on debt financing for some of its business activities and there can be no assurance the Company will be able to continue to access such credit, or that it will be able to comply with the terms of such credit.
•The Company may have difficulty obtaining insurance to cover its operational risks.
•The Company may be subject to growth-related risks, including capacity constraints and pressure on its internal systems and controls.
•The Company may acquire other companies which could divert management’s attention, result in additional dilution to the Company’s Shareholders and otherwise disrupt the Company’s and harm its operating results.
•The Company’s intellectual property may be difficult to protect.
•The Company is involved in litigation, including class action litigation matters, and there may be additional litigation in the future in which it will be involved.
•Trade secrets may be difficult to protect.
•The Company’s status as a public benefit company and a Certified B Corp may not result in the benefits that the Company anticipates.
•As a public benefit company, the Company has a duty to balance a variety of interests that may result in actions that do not maximize Shareholder value.
•As a benefit company, the Company may be subject to increased legal proceedings concerning its duty to balance Shareholder and public benefit interests, the occurrence of which may have an adverse impact on the Company’s financial condition and results of operations.
•The Company contracts with certain third parties for portions of its operations; should a third party be subject to insolvency or otherwise be unable or unwilling to perform their obligations to the Company, it could negatively impact the Company's operations.
Risks Relating to the Company’s Securities
•The Company has a history of losses and may continue to incur losses in the future.
•The Company anticipates requiring substantial additional financing to operate its business and it may face difficulties acquiring additional financing on terms acceptable to the Company or at all.
•The Company has discretion in the use of proceeds from its securities issuances.
•There is a limited market for the Company’s Common Shares and warrants.
•The market price of the Company’s Common Shares and other listed securities may be volatile.
•The Company does not intend to pay dividends on its Shares and, consequently, the ability of investors to achieve a return on their investment will depend entirely on appreciation in the price of the Company’s Common Shares.
•The Company is a holding company and its earnings depend on the earnings and distributions of its subsidiaries.
•Future sales of Common Shares by Shareholders, directors or officers could create volatility in the Company’s share price.
•A small number of Shareholders may exercise significant influence on matters submitted to Shareholders for approval.
•The Company may issue an unlimited number of Shares, and additional issuances could dilute a Shareholder’s holdings.
•Purchasers of the Company’s Common Shares may experience immediate and substantial dilution of their investment.
•The elimination of monetary liability against the Company’s directors, officers, and employees under British Columbia law and the existence of indemnification rights for the Company’s obligations to its directors, officers, and employees may result in substantial expenditures by the Company and may discourage lawsuits against its directors, officers, and employees.
•There may be difficulty in enforcing judgments and effecting service of process on directors and officers that are not citizens of the United States.
•The Company’s Articles provide that the Supreme Court of British Columbia, Canada and the Court of Appeal of British Columbia, Canada shall, to the fullest extent permitted by law, be the sole and exclusive forum for derivative actions, actions relating to breaches of fiduciary duty, and other matters, creating a conflict with U.S. federal securities laws, which may limit the ability to obtain a favorable judicial forum for disputes with the Company.
•The Company is subject to U.S. and other income tax and is treated as a U.S. domestic company for U.S. federal income tax purposes.
General Risk Factors
•Investment in the Company’s Shares is speculative, involves risk, and there is no guarantee of a return.
•Product recalls and returns could adversely affect the Company’s operating results and financial condition.
•The Company has been subject to impairment of goodwill and intangible assets, which could adversely impact the Company’s financial results.
•Certain employees or directors of the Company may have interests that conflict with those of the Company.
•The future growth of the Company depends on the effectiveness and efficiency of its advertising and promotional expenditures to attract and retain customers.
•The use of customer information and other personal and confidential information creates compliance risks.
•The Company faces risks related to its information technology systems and potential cyber-attacks and security and privacy breaches.
•Demand for the Company’s products and services are influenced by general economic and consumer trends beyond the Company’s control.
•The costs of being a public company are high and may strain the Company’s resources.
•The Company’s internal controls over financial reporting may not be effective, and the Company’s independent auditors may not be able to certify as to their effectiveness, which could have a material and adverse effect on the Company’s business.
•The Company may have to amend prior financial reporting.
•If securities or industry analysts do not publish or cease publishing research or reports or publish misleading, inaccurate or unfavorable research about the Company, its business or its market, its share price and trading volume could decline.
•Changes in tax laws could require the Company to pay additional tax amounts, decreasing the amount of capital available to the Company.
A 2 day dead cat bounce. LOL/ Your kidding me right?
Ok - 10k https://www.sec.gov/ix?doc=/Archives/edgar/data/1750155/000175015522000041/cweb-20211231.htm
On August 30, 2018, the Company announced the closing of its initial public offering and secondary offering of its Common Shares at a price of C$7.00 per Common Share for total gross proceeds of C$115,115,000. Charlotte’s Web sold 13,312,150 Common Shares under the initial public offering ("IPO")
I was referring to common shares listed from the 10.k Aug 30 . AS THEY LIST IT IN THE 10K.
Apple you say, they had an interesting business model as they came out with there I phone. {2007} What they did was use many others IP to built it than told the holders of the IP what they will pay for their IP in royalty’s. After which if you didn’t like what they were willing to pay, you would just have to sue them. Then after several years, when they will lose the case, comes the appeals, and after that arbitration, followed by binding arbitration, which believe it or not you can still appeal. That’s the legal way, in TCNNF case were dealing with a federally illegal product only able to sell in certain states without fed guidance. All that will come later along with a FED tax and rules and regulations currently not in play.
But you can not put Apple and Tru in even remotely the same camp/arena or business model.
One controlled their environment, the other simply gets controlled.IMO
I have no idea what your talking about? Spider man? 10 percent? Perhaps if you could explain yourself.
That would be an incorrect statement you made. CW has UNLIMITED dilution available, right now here today. Period! Cv will have 200 to 800 million shares depending on the vote and how they wish to proceed.
The fact that CW has diluted 1000 percent in 3 ½ years could be an indicator of how THEY will proceed.
Again we have a little gamesmanship. 10 trades in the last 4 min of the day. 9 of which were buys. Biggest was 22500 in shares. I do not know the reason . See what the morning brings. Range .084 to .096
-38 cents a share- reduced. Net loss 25mil. And so it sits.
The Valens Company Reports First Quarter Fiscal 2022 Financial Results
Apr. 13, 2022 5:00 PM ETThe Valens Company Inc. (VLNS)
Net revenue grew 26.1% quarter over quarter to $23.2 million from $18.4 million in Q4 2021. Net revenue was primarily driven by provincial sales which increased by 36.7% in Q1 2022 as compared to Q4 2021
Q1 2022 demonstrates Valens' underlying business has passed an inflection point
Became a top 10 licensed producer in Canada, with a 3.1% market share as of February 2022
B2C revenue lines of provincial sales and Green Roads accounted for 68.5% of net revenue in Q1 2022
Valens reiterates its objective of achieving positive adjusted EBITDA by Q4 2022
KELOWNA, BC, April 13, 2022 /PRNewswire/ - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the "Company", "The Valens Company" or "Valens"), a leading manufacturer of cannabis products, is pleased to report its first quarter fiscal year 2022 financial results for the period ended February 28, 2022.
https://mma.prnewswire.com/media/1796743/The_Valens_Company_Inc__The_Valens_Company_Reports_First_Quarter.jpg
Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company, said: "The results from the first quarter demonstrate that Valens' underlying business has passed an inflection point. Valens delivered strong top line growth despite many headwinds in the marketplace. This performance reinforces the importance of Valens now diversified business lines across provincial sales, B2B LP sales, and Green Roads sales. Diversified business lines are now allowing us to deliver more sustainable growth. To that point, we delivered another quarter of strong provincial sales as we continue to grow our recreational market share, with the launch of Versus and Contraband. We are also pleased to report that our B2B segment has returned to growth, and we remain optimistic that this platform will continue to strengthen as our partners optimize their manufacturing processes amid both industry and economic headwinds. Our Green Roads US CBD business saw a modest decline in revenue primarily due to normal seasonal trends, with December being historically its slowest month.
Robson continued, "As expected, adjusted EBITDA declined quarter over quarter due to an inefficient cost structure that had not yet benefited from our Integration Initiatives announced in late February and a change in sales mix that saw a lower percentage of sales come from our higher margin Green Roads business and greater percentage of our sales come from our B2B customers. In addition, we took the opportunity to exit some higher priced inventory through the B2B channel and reposition our holdings to better support the anticipated growth in future quarters. These factors also resulted in lower gross margins in the quarter. Importantly, subsequent to quarter end, we are already seeing the benefits of our Integration Initiatives and anticipate realizing improvements to our cost structure in the back half of the year. It was also encouraging to see gross margin improvements in provincial sales despite significant retail price compression and increases in supply chain costs in the quarter. Overall, our business remains on track to deliver on our objectives in 2022, and we reiterate our target to achieve positive adjusted EBITDA in Q4 2022."
First Quarter Fiscal 2022 Highlights:
Net revenue increased 26.1% to $23.2 million in Q1 2022 from $18.4 million in Q4 2021, benefiting from strong Canadian operations, which represented 73.7%of total sales in the first quarter
Provincial sales increased by 36.7% to $10.8 million in Q1 2022 from $7.9 million in Q4 2021. The increase was driven by the consolidation of the first full quarter results of Citizen Stash as well as Valens' newly launched branded products, which represented the majority of sales
Green Roads revenue declined 10.5% quarter-over-quarter to $5.1 million in Q1 2022 from $5.7 million in Q4 2021, primarily due to seasonal trends, with December historically being the slowest month of the year
B2B increased 53.7% in Q1 2022 to $6.3 million from $4.1 million in Q4 2021. The increase was primarily driven by the addition and onboarding of new customers as well as monetizing higher priced inventory
Other revenue sources include Valens Labs, Pommies and International Revenue which increased 42.9% in Q1 2022 to $1.0 million from $0.7 million in Q4 2021. The increase was driven primarily by higher international revenue
The following table of financial highlights is presented in Canadian dollars, except for percentages
Three months ended
February 28, 2022
(in $MM)
Three months ended
November 30, 2021
(in $MM)
Percentage
Change from the
prior quarter
Net Revenue
$23.2
$18.4
+26.1%
Provincial Sales
$10.8
$7.9
+36.7%
Green Roads
$5.1
$5.7
-10.5%
B2B
$6.3
$4.1
+53.7%
Other
$1.0
$0.7
+42.9%
Valens became a top 10 licensed producer by market share in Canada:
Ranked #10, with a 3.1% overall market share in February 2022, compared to 2.4% in November 2021 in Alberta, British Columbia, Ontario and Saskatchewan based on Hifyre data
Ranked #9, with 3.3% edible market share in February 2022, compared to 2.7% in November 2021 in Alberta, British Columbia, Ontario and Saskatchewan based on Hifyre data
Ranked #4, with 11.1% cannabis-infused beverage market share in February 2022, compared to 9.3% in November 2021 in Alberta, British Columbia, Ontario and Saskatchewan based on Hifyre data
Ranked #9, with 3.5% flower market share in February 2022, compared to 2.5% in November 2021 in Alberta, British Columbia, Ontario and Saskatchewan based on Hifyre data
BC God Bud #1 best-selling SKU across all product categories in Alberta, British Columbia, Ontario and Saskatchewan during the first two months of 2022 as per Hifyre data
Operational Cost Efficiencies
Valens has made significant progress with approximately $9.5 million of the first $10 million in annual cost efficiencies now actioned. The Company expects to realize these benefits towards the end of the second fiscal quarter of 2022, after accounting for one-time costs, with the majority expected to be realized in the second half of fiscal 2022.
Of the $9.5 million actioned, approximately 67%, or $6.4 million, of the cost savings are coming through SG&A, of which almost half were driven from synergies of acquisitions, while the remaining were related to organizational realignment at Valens. This is expected to positively impact SG&A in future quarters, after accounting for one-time costs. Approximately 33%, or $3.1 million, was driven by operational efficiencies including automation, process standardization and supplier optimization which is expected to positively impact margins in the second half of the year. Valens remains on track to achieve a total of $20 million in annualized cost savings run rate by the end of fiscal fourth quarter of 2022.
First Quarter Fiscal 2022 Corporate and Operational Highlights:
Commenced trading on the Nasdaq Capital Market, positioning Valens and its shareholders for greater access to liquidity, increased corporate visibility, and a broader shareholder base in 2022 and beyond.
Enhanced adult recreational market portfolio with the launch of two new brands, Versus and Contraband, designed to meet the needs of target consumers in the value and premium markets respectively. The Versus launch follows Valens' acquisition of Verse Cannabis in September 2021 and the subsequent repositioning of the value brand to better align with its consumer base. The Contraband launch follows the acquisition of Citizen Stash and leverages its catalogue of premium genetics, expanding its reach to the evolving consumer base in the fast growing, premium market segment.
Signed the first beverage manufacturing partnership agreement since the launch of the Pommies facility and successfully completed first shipments of cannabis-infused beverages to Ontario, British Columbia, Alberta Manitoba and Yukon.
Accelerated Valens' international expansion strategy by entering into two strategic agreements with PMI Mexico, a subsidiary of Merger Group, and one of the main drug suppliers of the Mexican government. Under the terms of the agreement, Valens will manufacture CBD-infused and uninfused Predilife probiotic products for PMI globally.
Subsequent to quarter-end, Valens closed its previously announced CAD$32.3 bought deal public offering (the "Offering") of units of the Company. The Company intends to use the net proceeds from the Offering to continue to pursue strategic growth initiatives in North America, providing funding for working capital and for general corporate purposes.
Financial Summary
Net revenue of $23.2 million in Q1 2022, representing an increase of 26.1% over Q4 2021.
Valens had cash and marketable securities of $20.2 million at the end of Q1 2022 and subsequent to quarter end raised $32.3 million in gross proceeds.
Adjusted gross profit(1) was $3.4 million, or 14.6% of net revenue in Q1 2022, compared to $6.3 million, or 34.1% of net revenue, in Q4 2021.
The decline in adjusted gross profit was attributable to a change in sales mix that included a lower sales contribution from our higher margin Green Roads business and an increased sales contribution from our lower margin B2B relationships. In addition, adjusted gross profit was negatively impacted by the monetization of higher priced inventory through our B2B channel to better align our inventory with future requirements as well as higher transportation and raw materials costs stemming from ongoing supply chain challenges.
Adjusted EBITDA(2) was $(17.6) million, in Q1 2022 compared to $(13.3) million in Q4 2021.
The reduction in adjusted EBITDA was primarily due to lower adjusted gross margins and an increase in SG&A associated with the consolidation of the first full quarter of Citizen Stash. Subsequent to quarter end, Valens announced the restructuring to Citizen Stash, which is expected to positively impact adjusted EBITDA in future quarters, after the realization of one-time costs.
The reduction in adjusted EBITDA was also attributable to higher marketing and advertising costs related to the launch of Versus and Contraband in Canada as well as Green Roads "Own the Day" brand campaign and its associated portfolio realignment.
The following table of financial highlights is presented in thousands of Canadian dollars, except for percentages, per share figures and Canadian recreational market share.
Three months ended
February 28, 2022;
Three months ended
November 30, 2021;
Q1 2022
Q4 2021
Gross Revenue
$29,867
$23,342
Net Revenue
$23,180
$18,407
Gross Profit
1,961
2,705
Gross Profit Margin
8.5%
14.7%
Adjusted Gross Profit (1)
$3,375
$6,272
Adjusted Gross Profit Margin % (1)
14.6%
34.1%
Adjusted EBITDA (2)
$(17,646)
$(13,347)
Adjusted EBITDA % (2)
N/A
N/A
Net Income (Loss)
$(25,748)
$(21,423)
Basic/Diluted Income (Loss) Per Share
$(0.38)
$(0.34)
Cash & Marketable Securities
$20,208
19,125
Canadian Recreational Market Share
3.1%
2.4%
Management utilizes this measure to provide a representation of performance in the period by excluding the inventory impairment measurement adjustments and impacts of biological asset changes as required by IFRS. Adjusted gross profit is a non-GAAP ratio, which management believes provides useful information as it represents gross profit for management purposes based on costs to manufacture, package and ship inventory sold, exclusive of any impairments due to changes in internal or external influences impacting the net realizable value of inventory and non-cash items. See reconciliation of "Adjusted Gross Profit (non-GAAP measure)" in the Company's Management's Discussion and Analysis for the quarter ended February 28, 2022.
The Company has identified adjusted EBITDA as a relevant industry performance indicator. Adjusted EBITDA is a non-GAAP financial measure used by management that does not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Management defines adjusted EBITDA as loss for the period, as reported, adjusted for financing costs (net), recovery of income taxes, depreciation and amortization, share-based payments, fair value and realized biological assets changes, foreign exchange gains, inventory valuation allowance, remeasurement of contingent consideration, restructuring charges, gains and losses on disposal of capital assets, gains and losses on marketable securities and derivatives, and non-recurring and transaction costs. Management believes this measure provides useful information as it is a commonly used measure in the capital markets to approximate operating earnings. See reconciliation of "Adjusted EBITDA (non-GAAP measure)" in the Company's Management's Discussion and Analysis for the three months ended February 28, 2022.
Outlook
Key Performance Indicators and Revenue Guidance:
Key Objectives for 2022:
Grow adult recreational market share in Canada by seeking to become a top 5 Player in vapes, edibles and beverages and a top 10 player in flower products.
Unlock our potential in the U.S. and international markets through the Green Roads platform acquired in April 2021.
Seek to achieve positive adjusted EBITDA by Q4 by improving the gross margin and SG&A profile of the business through our Integration Initiatives which are based on a combination of cost efficiencies, realization of M&A synergies and greater levels of automation and process standardization.
Reduce cash burn through improvements in adjusted EBITDA, working capital management and monetization of non-core assets.
Development of the Company's U.S. THC strategy as permissible under federal regulations.
Revenue & EBITDA Guidance 2023:
Minimum revenue of CAD$225 million
Adjusted EBITDA margins greater than 10%
Jeff Fallows, President of The Valens Company, said, "In Q1 2022, we took action to align our Company to current market conditions and deliver the value we saw in the acquisitions and other strategic changes we made in 2021. More specifically, we implemented a series of Integration Initiatives aimed at driving efficiencies throughout the organization and right sizing our cost structure to ensure we remain nimble and aggressive in a competitive market. With these initiatives now firmly underway and following our recent CDN$32.3 million financing we believe we have the branded product portfolio, manufacturing capabilities and balance sheet strength to pursue our key strategic objectives in 2022."
This press release is intended to be read in conjunction with the Management's Discussion and Analysis ("MD&A") for the period and the accompanying Financial Statements and notes, available under the Company's profile on SEDAR at www.sedar.com and the Company's Form 6-K, which will be furnished on EDGAR (www.sec.gov/edgar.shtml).
Q1 2022 Conference Call Details
The Company will host a conference call tomorrow, Thursday, April 14, 2022, at 11:00 AM Eastern Time / 8:00 AM Pacific Time to discuss the financial results and business outlook.
Participant Dial-in Numbers:
Toll-Free: 1-877-407-0792
Toll / International: 1-201-689-8263
*Participants should request The Valens Company Earnings Call or provide confirmation code 13728569.
The call will be available via webcast on the Valens investor page of the Company website at https://thevalenscompany.com/investors/ or at this link. Please visit the website at least 15 minutes prior to the call to register, download, and install any necessary audio software. A replay of the call will be available on the Valens investor page approximately two hours after the conference call has ended.
Tyler Robson, Chief Executive Officer, Sunil Gandhi, Chief Financial Officer, Jeffrey Fallows, President, and Everett Knight, Executive Vice President of Corporate Development and Capital Markets, will be conducting a question-and-answer session following the prepared remarks.
At Valens, it's Personal.
Proportionate Voting Shares were voided. And no further Proportionate Voting Shares may be issued by the Company. AS the company stated. BTW I was referring to common shares.
I think your going to have a lot more solution then. You know 3 ½ years ago they had 14 million shares at 7 per. Now they have 145million shares at 1.
1000 percent increase in shares! And the 7 to 1 speaks for itself. But wait, there is going to be a lot more . I think this one will have solution on top of solution. IMO
Interesting. I find "AMENDMENT NO. 2 to FORM 10k to be a eye opener. Would suggest all to read. It's a big file. Anyway IMO.
You know Gladys, what do you think. How about go the 850,000,000 million more in dilution while the price is still up here. Round it to 1 billion shares. That would allow this company to maintain their losses for years. And the optics would look better. Think loss per share, would look at lot better. In fact, give everybody a raise, what the heck! Then every 3 mo. just push somebody out and have them say were going to try and cut costs, and we need to get sales up, nobody would pay any attention to share load. It would put the company in good shape in regards to the losses for years I tell you. The company endures, and isn’t that what it’s all about? IMO
You know with a market cap of 142 mil, and falling might I add, and losing roughly 1 million dollars a week how many shares this year do you think they dilute. 37 million last year, but that avg was between 3 and 4. Today the price is under a buck.
So what do you think 50, 60 70 million or more?
From the charts, not into the oversold yet. Has some way to go. Sellers seem to be in control. 1.05 also seems to be a top as 3 of the last 4 days when it got to that point it sold off. Volume also is not favoring. Still when/if it does go to the oversold there may be a step for a decent swing trade. IMO
I guess, dropping 25 percent isn't what I call holding it's own, but ok.
Well, I got a bid in, lets see if it gets filled.
We'll find out. It would be a nice change.
From the 10k -- The Company is authorized to issue an unlimited number of Common Shares, of which there are 145,110,106 Common Shares outstanding as of March 22, 2022. The Company’s authorized share capital consists of the Common Shares, as well as an unlimited number of Proportionate Voting Shares, none of which were issued and outstanding as of December 31, 2021, and an unlimited number of preferred shares, issuable in series, none of which were issued and outstanding as of December 31, 2021. Holders of Proportionate Voting Shares are entitled to 400 votes per Proportionate Voting Share and holders of Common Shares are entitled to one vote per Common Share on all matters upon which holders of shares are entitled to vote. On November 3, 2021, all Proportionate Voting Shares converted into Common Shares by way of mandatory conversion in accordance with the Articles. Following the conversion of all Proportionate Voting Shares into Common Shares, no further Proportionate Voting Shares may be issued by the Company.
This real enough for you?
You’re just posting the tip of the iceberg. And not even the most important ones. Look, the main problem is their business model. To break even they will need roughly 200 mil in sales. Currently the SG&A is HIGHER than the sales, add in cost of product and you have a million in loss per week. Sure you can add other concerns, but if you can’t get past the cost of running the company than what’s the point. Yes, I’m sure you can raise the point of having unlimited dilution at your finger tips to extend the game but what you can’t do is turn a profit under the current business model.IMO
It appears AYR did not get past the NJ board on the first pass.
What was new and exciting, became same old same old commonplace. The first company that has a business model of making a decent profit on volume will own this space.
Sounds like a mess.
Green Thumb to Open RISE Mankato, Its 77th Retail Location in the Nation, on April 14
7:00 am ET April 11, 2022 (Globe Newswire) Print
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE dispensaries, today announced it will open RISE Mankato on April 14. Profits from the first day of sales will be donated to Habitat for Humanity of Minnesota (Habitat Minnesota).
"We are excited to expand our retail footprint to six locations in Minnesota and our first in the southern region of the state," said Green Thumb Founder and Chief Executive Officer Ben Kovler. "Along with this opening, we are extending our First Day Profits program to another state, allowing us to make an impact in the community with each new store. We are grateful for the opportunity to partner with Habitat Minnesota, who is doing the important work of bringing about systemic change, so all people have a safe, stable and affordable home."
Habitat Minnesota brings people together to build homes, community and hope. The statewide support organization provides resources to 25 Minnesota affiliates to advance their work to create and preserve affordable homeownership. Habitat Minnesota offers a range of programs, including resource development, advocacy, training, and networking.
"Habitat's work is possible because of strong community partnerships and we're thankful for partners who understand the importance of this work statewide, like Green Thumb. Every community in Minnesota has an affordable housing shortage with 1 in 9 households paying more than they can afford on housing. This generous donation will support Habitat's pursuit in advancing equity in affordable homeownership so more Minnesota families can affordably own a home. We appreciate Green Thumb's partnership and their commitment to supporting the community," said Cristen Incitti, CEO of Habitat for Humanity of Minnesota.
In addition to RISE Mankato, the Company has five other retail locations throughout the state, including: Eagan, Hibbing, St. Cloud, St. Paul and Willmar. Formerly known as LeafLine, each store was rebranded to RISE earlier this month. Profits from the first day of sales as newly branded RISE stores will also be donated to Habitat Minnesota. To celebrate the rebrand and welcome patients to the RISE experience, RISE will host a patient appreciation event on April 20, 2022, at each of its Minnesota retail locations. Representatives from the Company will be available to answer questions about Minnesota's medical cannabis program, as well as assist with registering new patients. Discounts, giveaways and educational material will also be available for patients.
RISE Mankato is located at 1400 Madison Avenue East in Mankato. Regular hours are Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 10 a.m. to 5 p.m. Visit www.risecannabis.com/mn for more information.
I guessing you need to post CVSI CC so we all can see what Joe said!
Geez, I’m not playing any short , and what does CVS health CC have to do on what Joe says?
The company has stated where they are and what they’re doing in the filings. It’s pretty straight forward and not much need to get inventive. It is what it is.
So per you it was just simple dilution, that means the stops are still a factor and the short have not covered yet. Interesting. You would have thought the shorts wouldn’t have been that greedy. A lot of money to have been made if a person was short last week.
Could it be, I don’t think so but go ahead and run with it.
I see your still trying to compare CV with CW. But I feel you maybe overlooking the reality of both companies. You posted the CV SEC which is fine, but you fail to post the long and lengthy concerns in CW 10k. Most of those have not been posted yet. You may wish to take a hard look, or not, it’s all going to be happening anyway.