It's easy to get ahead of ourselves in projecting. Let's ee if they can get to a $500K month and sustain that for two consecutive months. Their best bet for those will be July and August, so we'll see how that goes before we start projecting over $5M in sales.

They are doing the right things and they need to show good execution for a couple of quarters, not just a couple of months.

GLTA

And how would you know this?

One had to assume that Medico and Clark had that plan from the start and it just took getting the first one or two signed up - and seeing/tasting the actual product. That hurdle is now cleared and appears to be a downhill path. Additional flavors and confirmation of revs are going to move the share price considerably through the rest of the year.

Amen to that

Keep reaching, things are about to get interesting.

Never said there was and I would anticipate a buyout before an R/S for KGKG. An R/S can be an effective move under the right circumstances, especially when you have a stock in demand and a share structure that could use some trimming. KGKG does not need shares at present and they have to continue executing to demonstrate profitability. Assuming things continue to unfold as they are, they should be able to string the next few quarters together in the black.

GLTA

A properly timed reverse split can be a great catalyst and it needs to be after they are profitable and showing expanding sales. A jump to Nasdaq would likely require that. A buyout may come before any of that though and it could be for a dollar a share if the sales are ramping properly.

October is pretty aggressive, but maybe. I think they will be current by the time they need to report the 2019 10K. I would love to be surprised though...

I think it depends on any additional news being released as part of the 10K coming out. If we get a more general update with an additional quarterly, then I think you could see us push beyond 0.0012.

Getting the audited 10K out was the big step everyone has been waiting for. Assuming that there is some clarity about a second production line for EverX and it is confirmed to be with ALKM, things could get fairly exciting in the next month. If we don't see any consistency in financial releases following this we will be subject to the same activity we've seen over the past year.

I see this as a very positive development and confirmation the company is still working on the plan that was revealed in 2018.

QB = OTCQB

Check OTC Markets after business hours today and they will likely be there. Tomorrow at the latest though unless they want some less than desired attention...

I guess you haven't seen what KGKG has going on right now. Hemp drinks aren't a novelty, nor will CBD for that matter.

I'll take the other side of this as I received my shipment of EverX on Tuesday this week from the USMJ site and the 4 bottles I received were in great shape. I got two each of the unflavored water and Strawberry Kiwi Both are excellent and I would drink them any time - assuming they can start to deliver a little quicker. No after taste in either.

I'm not sure what the formulation differences are other than color between HighDrate and Everx Strawberry Kiwi, but both are quite good.

Might be a good idea to make sure we can walk before we go from crawling to full out sprint. Getting the expanded warehouse space in place is a good next step and they need to get the new flavors in the pipeline, etc. Assuming they had a plan in place heading into 2019, the ability to maintain a million in monthly revenue seems realistic for 2020.

Good problems to have and a little patience is in order.

or it could be next week or month. Take your pick as you invested here for some reason.

News is news and I'm not that concerned about where it comes from. Things will likely change quickly here when the time comes. It's up to the investor to decide how to manage that internally.

The only production plant I know of is ALKM's. Until more detail comes out from either company, the second plant is new and not currently operational. To the best of my knowledge, KALY never had a plant or production line of their own, but I'm not an expert on the company.

Probably best to read PURA's filing next week for any further detail

Guess you'll have to tune in next week for that answer.

Not enough detail in the release to tell and ALKM obviously is not commenting. South Africa is the Arnold show, so I would think it will be more production in the US at this point. Next week will hopefully provide more clarity.

Second production plant announced in that news release. Hopefully more details on that in the quarterly report next week.

Second plant for PURA production of EverX announced today publicly. Will be interesting to see what else is shared in their quarterly about this.

Quarterly report was positive and sets the stage for Q2 being the quarter they turn profitable. As long as they can keep expenses in check for the quarter, that looks to be a very real possibility. A step up on the OTC to the QX would be another nice separation for them among the rest of the cannabis companies. Those that were able to get shares very close 0.11 today are fortunate.

Happy Friday!

Assuming the first couple of distributor relationships go well where VATE has hopped on with KGKG, VATE will have the same number of distributors in potentially less time. It's all about execution now...

After getting a sampler pack of High Drate, they should get rid of the watermelon flavor and I agree that the tropical coconut was pretty good. Peach and Strawberry Kiwi were my two preferred flavors though.

Best of luck with the new order and hopefully you can place another shortly.

I fail to see how political designation has anything to do with this conversation, especially when the biggest liar in the world heads up the US political system and happens to be Republican.

Totally unrelated to what is going on with PURA on all fronts and if PURA can't get their poop in a group by the Q1 filing date, things will start to unravel accordingly.

Q1 fins are due on May 15, May 20 if the file 10Q-NT.

Annual Report due before end of day today - should be interesting to see what numbers actually shipped in 2018 and what kind of updates they provide in the business summary.

GLTA

Does anyone have any info on the targeted release date of Storm - yet in Q2 or Q3?

2.5M is a pretty lofty projection and requires no missteps through the rest of the year. I think 2M is very achievable though based on current activity. If they are fortunate enough to stretch to 500K in Q2, the path to 2M for the year seems very real.

And what rate would that be? If they can maintain 50% QoQ growth assuming they close Q1 at about $300K, they will hit about $2.5M. That is still pretty lofty and seemingly realistic. 100% QoQ would put them over $4M for the year. It will be interesting to see what they can get done in Q1 and Q2 as that will provide a more accurate indicator for the balance of the year, short of a major agreement.

Who cares about what day the news comes out - as long as it's not bad news, any day is a good day.

An interesting note in that PR about Storm and its anticiapted launch in April/May. Does anyone know for sure that they will be getting Storm from the same supplier as HighDate (ALK*)? Given KG's success on the distribution front, that will position them pretty well in that space for a higher percentage CBD bev. That again is a fairly significant incremental piece of business just to fill their existing distribution - very promising for Q2/Q3 revs.

A whopping $150 trade - MMs are getting bored.

Not sure what point you're trying to make. Most companies follow SEC reporting guidleine even if they report to OTC. 45 days for a quarterly after the end of the quarter; 90 days after the end of annual reporting period. I would expect to see a report by the end of March (April 15th if the choose to file later with an NT). Expecting a report any sooner than that is pointless.

Because it's not due until 3/30.

Because he knows the share price will follow if he's doing the right things for the company. He's go two product launches he needs to be laser focused on for the next two months and squeeze in getting financial reporting done in that same time frame. If the stock goes up or down 10 or 15% in that time frame, oh well. The focus on share price needs to be 6-12 months out for him. Penny investors don't like that though, so the incessant strings of dissent continue.

Take a breath folks and check back in about mid-Aril - and don't forget to read the annual report.

GLTA

See the beauty of the whole situation is that there needs to be two reporting actions in the next 62 days and that is going to tell a lot. There is always the possibility that the two companies are lying their a** off, or we'll see some verifiable numbers. If they are lying to the OTC, that's another story and there will be consequences eventually. I expect to see a fair amount of activity on the PUR* side in that time frame, and I think we can get some validation from KG on the status of Storm as well.

60 days is nothing really, unless one is part of the flipper or day trader crowd with the attention span of 30 minutes...

It's an end of quarter promo to generate some extra revenue, or clear older inventory. They are setting themsleves up for a higher dollar revenue number in Q1 and I wouldn't read more into it than that. Since it's taken longer to get the products to launch stage, this is a safer hedge to show a strong Q1 rev number. I'm guessing the pre-orders for the tea will look good, but not confident they will be able to ship and recognize revs in Q1.

If any of us really want to help, be ready to hit the website and pre-order some tea! That will help fuel a very strong Q2 rev number and allow RM to potentially talk about selling out the first production run in the Annual.

I'm more likely to believe they can't run at 10k bottles per hour and are having issues with changeovers to keep up with demand from multiple customers. Call it being unprepared or inexperienced, they need more capacity if the claims PURA is making are true, and a dedicated line for their product makes sense. Trying to find another bottler and/or a new location to build another line is a 9-12 month proposition at best. Assuming they have had a few conversations at the start of the year, an additional line with ALKM might be implemented in six months, in an ideal scenario.

The problem is we don't have enough visibility into either company to really tell. It will be fun to watch this play out over the next few weeks and we'll see if it forces ALKM to put out some news and/or financials.

I agree it does not bode well for PURA to throw their bottler under the bus. It would also be interesting to see if GNBT has progressed further with ALKM, or if that is just another nice stroyline that is being played.

Because they are trying to sell and ship products that can show up on the revenue line before the end of the quarter - most likely to existing customers.

Great post! Expanding production isn't an easy thing and I am sure they learned some valuable lessons putting in the equipment last year.

The last statement you made is key and will be interesting to see it play out...

Might be worth a trip to Gervais if they are...