making money, hopefully.
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I think that quarter-over-quarter sales growth is one of the key indicators used to target explosive upside potential in companies like LVVV. Without any mention of revenues, there is only guessing involved. Speculation or not, one cannot turn a deaf ear to this. You wouldn't buy a stock for your IRA or 401K without revenue guidance, so to abandon that aspect of due diligence is quite risky. Investing for future revenue when there is no mention of current revenue is like buying a painting of a cow and trying to milk it.
Now, LVVV may be onto some big things, but I think everyone underestimated the time involved, the morphing of the sector and also the train-wreck that is the Federal illegality, banking non-access and the spider web of California legal hurdles.
Livewire has done a lot in the way of permits, licenses and strain vaulting, but can they, or any company, survive the attrition that exists from a lack of revenue and Federal legality? Who knows. We can't list on Nasdaq, we can't open a checking account, we have to deal in cash-it sounds more like a moonshine operation than a publicly traded entity. On top of that, you have a topping S&P 500/Nasdaq, Canadian MJ sector pullback and the threat of inflation and higher rates down the pike. Most people are looking to exit equities and go cash or short-term fixed income. I currently hold no cannabis companies and will only enter the sector if I see a glimpse of banking and/or Federal Med legality come online.
Big Canada down big today-Canopy on 4x volume, Cronos same. Sobering times.
STNE looks like a great long-term buy!! Welcome to the board!
Lists a mile long are there to be found. One good sales person could gather a lot of business-work the phones!!!!!!!!!
https://cdn2.hubspot.net/hubfs/4435988/Forms,%20Flyers,%20Documents/Cannabis%20Documents/City%20of%20Desert%20Hot%20Springs%20-%20Cannabis%20Project%20List%20(1).pdf
Will LVVV ever delve into the dispensary sector? With Estrella Weedery, the brand is plausible. BTW $POTN up-listed and is up about 25%-the average pop for such a situation.
Aurora has never been far away-remember that Aurora Larssen is the designer for High Hampton's CoachellaGro operation on Harrison Street.
It keeps occurring to me that with the Canada connection and the impending bank reform and federal nod on medical cannabis that Canadian players are jockeying for US presence behind the scenes. Wouldn't surprise me at all to hear of a partnership in one form or another with one or more of the big Canadian green companies.
Bill has created a very cordial relationship with the County and that is very important as well. With the big ranchers behind Estrella throwing into the pot, we may have PR's unlike any before in the coming weeks/months. When volume hits 10-20 mill per day you will know the tide is turning.
JD's post earlier about the commoditization of cannabis rings true to me. This also is in line with the many reports of companies outsourcing their grows to Latin America. Now, it would seem to me that growing cannabis ain't where the money is-branding, dispensary, distribution-yes. As the cannabis grows go, so goes cloning. The viability of the clone business will need to be sustained by the viability of growing cannabis in the heavily land-mined California cannabis landscape. One must REALLY know where this industry is evolving, and what the future will require.
As JD also mentioned, the extracts sector is huge as are the vape pens, waxes and shatters. I can see why Bill is casting a wide net, but man, you really have to have your finger on the pulse of Greenville or you could be going down a very long road to failure.
This is what I have been saying for awhile, JD. Any chance that Bill mentioned why there has not been any type of revenue report? I mean, it is the ONE PR we need and has been sorely lacking. Even a cumulative sale of, say, 5,000 clones would result in revenue of $25-50K or more. That would have a much larger impact on share price than you would think. I recall you saying that Bill is not there to appease shareholders at this time, and that makes sense to a degree. He sure is holding many cards close to the chest. A good 4th to all-enjoy your families and loved ones, including our fine 4-legged friends.
True that JD-my Mom lived in Palm Desert for 30 years, so I know Coachella weather. The evenings are really nice by the pool, but you gotta hide like the lizards during the day. Hope you and the wifey had a great trip!
Keep an eye out for the upcoming movie "Pot field of dreams," directed by you, know and who. Build it and they will come!
Thank you to everyone who is going the extra mile on dd. One thing is for sure, the information flow has to increase. As this operation broadens and increases in complexity, we need more information about how everything ties together, status of current sales and contracts. I really cannot believe that they are paying anything, even one share, to this PR guy they have now. The stock falls every time he opens his "mouth".
I am not comfortable with the vagueness of the PR's. We have clone sales, but no mention of how much or to whom. We have distro agreements with no details of contract length nor cash value. We have no information about revenues from operations. We have no forecasts about any of the above. Yes, I know, this is Pink Ville, but c'mon. Look at other companies like KGKG and you see a skillful PR campaign-one that highlights achievements AND that states forward progress. I am shocked that there has been no mention of clone sales other than vague tweets, and a cargo van with a statement of miles logged.
If I didn't know better, I would say that the PR's are being spun to confuse the investing public, not inform them.
This now reminds me of Avenue 48 in Coachella. It was going to be a multi-business cannventure with multiple tenants, master plan, petting zoo, etc. etc. Once again this is a BIG divergence from simply focusing on clones. Now we will be dependent on sub-leases and the success/failure of the ventures that will exist alongside LVVV on this property. Now, while a lot may be going on in the background, how does this all translate into revenues for LVVV? How large is our staff, and how much multi-tasking are they now required to do? Legal expenses/liabilities related to having tenants onsite and operating?
LVVV is asking us to have blind faith in this plan, yet everything done up to now appears vaguely in the background. I would think that cloning and 7X Pure would be more than enough to keep current personnel/resources engaged and occupied. The investing public is not buying this. It's like building a new road and after 1/2 mile you stop and start building another 1/2 mile of road. I always feel like the business plan is changing too rapidly, and that investors are forced to share a vision that may be flawed.
I hear you, bmel. I think, if left to their own, the avg. investor allows the worst to happen in his mind without guidance. On the one hand, a PR with mention of forward-building revenues would in itself cause a significant rally. On the other hand, the leap from the leased property to suddenly owning 250-400 acres leaves one wondering. Are we on point? Who is behind this purchase and who(m) are the partners?
As a business person-I do one thing, and I do a lot of that ONE thing. To be successful at cloning, it appears from the successful cloners out there that they, too, do ONE thing-cloning. Cause you know what? Your competition is doing ONE thing-cloning! In my own humble opinion, we were heading in the right direction. The leased property combined with Coachella appeared to me to be a viable launching ground into the clone sector. The land purchase tells me several things. One, someone else is now in the game with LVVV and without my knowledge or blessing we all have a new partner in this venture. Two, time and resources are being diverted away from doing the ONE thing-cloning.
Creating a multi-faceted business from the get-go rarely works in the business world. Companies generally get ONE idea off the ground, and if that proves to be successful it is THEN that they expand/diversify/scale. There is no need to try and do too much-the formula here is simple-grow a lot of clones and sell them. IF you have add'l resources down the road you can try new things, but I am very concerned that LVVV is trying to do too much, and in the process accomplishing little. Be a laser beam!!!!! The sniper has one bullet to shoot at a time.
This should assist in making the Fed decision to legalize medical all the easier. And with alcohol sales on the decline all the big boys want a piece of this.
Uh, his name and signature are on the Paso Robles application?
No lol LVVV still has some 'splainin' to do. I would say that my current state of mind with LVVV is "confused". That being said, there is huge potential, but only a few informed people know what that is. I know that when Federal MJ becomes legal, there will be a MAD dash by investors and institutions to get a piece of the action. Those doing the groundwork now MAY be richly rewarded. Billions will come into play then, but not before.
Helluva poker face!
I think we must realize that the Estrella Ranch purchase tells us a few things without anyone having to say it in a PR. In the back of everyone's mind is the question why did we go from leasing the property on Almond to suddenly purchasing the Weedery acreage. Well, of course some big money is behind the scenes. We know Gilbert Aguirre is in the mix. He ain't no small fry-runs the biggest ranch in California (Rancho Mission Viejo). It just makes no sense otherwise. The land purchase is a major clue (along with no recent diluted shares) that money is behind this.
Now, how this translates to revenue and share price has yet to be seen, but I think that this rose begins to open up and future PRs will add credence to this theory.
Yeah-Gil Agguire!
The strains looks great-must be some beta test site for now. Hoping Bill unleashed the Kraken with some news that ties everything together :) Hope you are well JD!
The prices are all 0-no wonder revs are lagging!
Now it goes to $70...........
More hares? Starting a rabbit farm?
Toddini I would like a 450-acre horse property, too, believe me. Look, if you handed a friend 20, 30, maybe 50k to participate in a cannaventure, you would want results and return on investment. If you found out that he bought a ranch with your money, you would probably be concerned. "Hey, I thought we were in the clone business", you would say. At a time when LVVV needs revenues, we suddenly and without prior notice have a large property with a huge amount of capital necessary to even BEGIN to create revenue. If I am selling lemonade, and I decide to build a burger joint next door, how am I going to pay for it? Great idea-hard to implement without debt and distraction. In all likelihood the lemonade business is hampered or lost.
What happened to this "brain trust" we supposedly have? Who is making these decisions, and deeming them in the best interest of the company? What about accountability to shareholders? When your "friend" keeps telling you he'll have results next week, and you never see them, you get that feeling in your gut like you will never see your money again. Livewire has both a revenue AND credibility problem at this juncture.
On a larger scale-is the clone business itself even viable? We see a huge shift to cultivation in Columbia, Uruguay, etc. where cost is as low as 50 cents a gram, versus dollars here and in Canada. I think the cannabis industry will be like alcohol, where the lowest cost of production is demanded, and therefore imported. With the high tax and license fees in California, we have no way of knowing if the cultivation model will be profitable in Cali. Production cost may force growers to in-source clone supply. While there are successful clone providers out there, most have been in operation for years and have long-standing customer accounts.
Making those buys a week ago look pretty tasty.
Yeah-they call 'em brokers for a reason-you're broker after the transaction :P I just wish we would see some focus here. There is a saying-The man who chases two rabbits catches neither-Confucius.
We're about to lose the WEEKLY 200 mda, which is not good. We have already blown through the 50 mda on the daily. I think that investors are confused now. This looks like a horse race with one jockey. jumping from horse to horse depending on which one looks good at the time. We began in Coachella with a vision of Avenue 48. Then we end up on another street in Coachella. Then leasing in Paso Robles. Then owning (?) in Paso Robles. Clones, distribution, branding agreements, Alpha Creations, Basso Botanicals, equestrian CBD..........and nary 1 revenue report? I'm sorry. I've stood by long enough. There is no guarantee of success if you specialize in any ONE of these tangents, let alone the multitude that now exist.
I mean, the news of 8,000 miles logged vending clones and there isn't a photo of a $25 logo on the van? No mention of sales $$$$? Puff PRs that are all sizzle and no steak? This is blatant disregard and disrespect for the people putting their hard-earned money into this stock. In all my years as a broker I have rarely seen this sort of puppet show. This company is not honoring their DUTY to pursue profitability, nor to being a viable business that displays revenues and measurable results from on-going operations to their shareholders. LVVV is either NOT making revenue, or they are, and not telling us about it. Which one is it, and which is worse?
No wonder the up-list is lagging-would you approve it?
The stock is where it is-any bright forecast for the future can only be viewed through rose-colored glasses.
Good luck to all, but I am allllllllllll out of blind faith. I hope for all the loyals here that it goes to the moon, but wishing didn't get me where I am today.
Whole MJ sector looks rough today....
I'm know that LVVV got shares of Hampton when Mojave Jane was acquired in lieu of their Mojave stake, but not sure if those shares were held or sold.
Hey check this out-never did like the name High Hampton!
High Hampton Holdings Announces Re-Launch and Name Change to Mojave Jane Brands Inc.
Well, agreed Toddini. We really know very little about the ranch purchase. Perhaps there is a partnership, with little or no debt assumption by LVVV. While I support Bill's overall plan, I kind of feel overwhelmed right now as to the cohesiveness of everything. LVVV is trying to do a lot, maybe too much. We have Distro, cloning, the ranch, CBD, branding partnerships, equestrian research, etc., etc. What revs are being contributed by Alpha Creations? Clones? Distro? Branding partnerships?
I remember the saying,"If you can't dazzle them with brilliance, baffle them with bullshit." Now, no one can read minds, yet we are forced to make assumptions in the absence of further explanation regarding these ventures and sub-ventures. My personality type is one where I need to see the money, eventually. The guy building 10 lemon aid stands makes no money, whereas the kid with one already built has income. Eventually, you gots to sell the lemon aid!
I guess you either have faith that it all comes together, or not. I am reading the book, The One Thing", and it has very solid logic. Trying to do too much can sometimes mean nothing, or less, gets done.
Teaming with WHO to cure cancer?? lol JD am I right that carrying costs on 6 mill would be about 30k a month assuming 20% down?
Makes sense-it sure appears that revenue PRs will be forthcoming, and in droves I hope. It's the only base yet uncovered.
Not being funny here, but has ANY news EVER been released regarding revenues?
Maybe they should stop releasing news?