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And now we know why they can't sell it. Look at the prices, my god!
You know, after seeing what happened yesterday, and as you said interesting, I think everybody got distracted by all the witches surrendering, who knew you didn’t need to hunt them, they surrender all by themselves. Love that mug shot, reminds me of a look I got over 50 years ago, you want to date my daughter! yep, the good old days, you know at over 2 million a head for legal defense and possible jail time after that, I wonder who may roll over first.
Anyway, back to the interest level here, CVSI only has to increase sales, a lot, but that’s it, there in business to sell their product, SELL IT!!! And if you can’t than make room for those that can.
Sounds a lot like massive bs to me. Lol
Alright today/friday were going to find out what interesting means. { Tomorrow and Friday should be an interesting two day of trading for CVSI}
We shall see.
Well, thanks for the kind words. I see you are already getting caught up in the static. Yes, there isn’t good reason to argue with the trolls. One who only paints with the color black, another who shouts out everything but doesn’t understand what he wrote. It’s always a standard practice to start with name calling followed by defect and pivot when they get caught up in the BS.
As this is a minor issue I’ll just cut to the chase. The form 4 in question can be viewed in several ways, however only one is reality.
https://www.sec.gov/Archives/edgar/data/1750155/000175015523000056/xslF345X05/wf-form4_169202942362968.xml
I see your confused as usual. In regards to Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned. You will see “A” which means Acquired.
THOSE WERE COMMON STOCK SHARES as listed . It also clearly states Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4).
However you are looking at only Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned.
Those are Restricted Stock Units.
I guessing you don’t understand what he did here, and that fine, I only post this to help you from posting the same mistake your making over and over again.
I don't know about that. I can tell Nvidia is hitting on all cylinders. Got to be close to 250 percent this year. For that matter most of the hi techs have been kicking butt. Hope you had some.
On the flip side, Newsmax lost again the courts today, we'll have to see how many billions they may have to pay. Maybe not lie could be a new rule.
https://www.cnn.com/2023/08/23/media/smartmatic-newsmax-lawsuit/index.html
Again I don't care. You do know this is the CVSI board. And yes I know there is nothing going on with this one, dead as dead can get, but doesn't mean we need two CW board. Perhaps bring your thoughts over to that board
I don't care, I do see there up today however
Your big news has produced zero trades over the last 2 hours. AGAIN DEAD IN THE WATER STOCK
So, same ole same ole, like te last 5 years, when is congress going to regulate?
yawn, stock still down today?
When does everybody think this will break into the 2's?
Yes, the mergers mentioned here, must have been 5 or 6 over the last few years, but the best one is when ST left the company, good for him, but then we have people here stating it must be to bring the company he left for back to merge with cv. That one still cracks me up. If a person even thinks about it a little, the clear ridiculousness, the absurdity of it just makes one laugh, heck I’m laughing now.
I think more MM's play and setup.
Regarding "Dr. Joong J Fang Said; Great post WQLF and Wolfy." Just so I have my FACTS right, Dr. Joong J Fang who died over 10 years ago is still dead right, So how is he posting?
Incorrect . The 46th trade of the day was at 0.04 for 44 shares. The 47th and last was at 0.0395. I find it interesting that you don't even list it, even this board under trades lists it, but no matter, math is NOT your strong suit. The 45 trade was at 0.0357 which you some how stumble upon and got correct. The 6008 trade. Games are being played by the MM's here and I understand you don't understand, you understand.
Many thanks for that buy at the end of the day. moved it up for 0.0357 to 0.04 on 44 shares {$1.76 } Vwap was .036 for the day.
Well that’s not good
From the latest CC. A few statements made by the company.
“Finally, please note that on today's call, management will refer to non-GAAP financial measures in which CV Sciences excludes certain expenses from its GAAP financial results”
My add, yes, they certainly want to exclude some of the expenses, make thing look better than what they are. No matter those can be picked up in the 10Q.
“We continue to maintain our number one position in the natural products retail channel, and we continue to increase our market share in this important retail channel”
My add, yes, however with the poor sales showing I’m guessing that means best of sitting in back room shelves everywhere.
“Our Q2 results give us optimism that we will remain a competitive force in our industry”
My add If you mean by competitive force that 99.7 percent of all cbd sold is not cvsi’s. 5.7 billion market 16 million in sales.
“We continue to believe that our asset-light business model
My add, yes sold off some of the asset’s, I’m not sure that is what the shareholders were looking for, less company value.
“On a daily basis, our team works to optimize our merchandising and marketing efforts to optimize our ROI to ensure that we are achieving our return on ad spend targets”
My add, this one has a negative ROI, I have no idea why they would bring up another loss issue.
“Our second quarter revenue was $4.0 million, slightly down compared to $4.1 million in the second quarter of 2022 and the first quarter of 2023. The year-over-year decline is mostly due to lower sales volume”
My add, yes it was, lower sales says it all. Perhaps they should try selling more, perhaps a good business plan as well.
“On a GAAP basis, we reported a second quarter 2023 loss of $1.3 million”
My add, gaap number loss of 1.3 million, not to bad for 90 days but a far cry from breaking even.
“Cash generated by operations during the first six months of 2023 was $2.4 million, a significant improvement from the same period a year ago, which had cash usage of $1.5 million. The improvement in our operating cash are mostly due to the receipt of our ERC funds of $2.5 million and lower cost of operations”
My add, so they are happy with the 2.4 million , but again they got 2.5 million erc money included in that. So without the gov handout they would have lost cash. I don’t believe there will be another government handout this qt, so.
Currently a 0.03 cent company. Well deserved I would think. What they didn’t mention in the CC is that 69 percent of all money coming in goes toward SG&A. Got to keep those paychecks coming you know. IMO
Again, I was asking about the CVSI numbers you posted
“ these numbers you posted are different than what the 10q shows”. I think most will go with the company's numbers, not yours.
If you don’t know where you found them or if you just made them up, that’s fine but they aren’t the correct numbers.
There may be some derangement issues but there not mine.
I never mentioned CW much less “of weaving itsy itsy bitsy disinformation spider webs”
Look, I understand your trying to pump a dead end stock, a true flat lined one, if you need a reminder I can repost the chart I did earlier.
Near as I can figure you must be jealous of CW as you keep posting about it. You do know they are the number one stock in this sector. Your posting won’t change that.
Here, I’ll just go a different way. You state “TCNNF was to sell another nine to fourteen billion shares, TCNNF's PPS could go over a $100.00 per share. get it.”
Let’s try this how about TCNNF does a rev. split of 100/1 on Monday
Then the share price would be 388 dollars per share. Don’t need to flood the market with, what 14 billion shares.
But let’s go 1 further. After the rev. split, they then increase O/S by just 3 billion.
That would make this company worth over 1 trillion dollars, right.
And here you are fooling around with just a 250 mark, please think big!
Now, what if they instead do a 1 for a 1000.
And then do a 100 billion share increase.
Won’t they then be the richest company on the planet? Let’s go!!!
Too everyone else I’m just having some Sunday morning fun.
I'll just be nice and say your mistaken on that logic.
I suggest you may wish to unlearn some, just saying. And yes I know your just having fun.
What! Since these numbers you posted are different than what the 10q shows, I have to ask where did you come up with thses numbers.
Where did everyone go? Well, for me I went to an Astro physics conference for fun. Got to ask all kinds of questions from the ones hosting it. Big bang theory, you know what they invented to explain why galaxies are rushing away from us {founded in 1930] nice little theory until they found the Universe was too big to allow the theory to continue, then they invented the cosmic inflation theory {just say no] to help support the big bang theory. Now they have a bigger problem finding fully formed galaxies right after the big bang, with cosmic inflation that should not exist. The talk grew interesting then as if they look farther back than when the big bang occurred and find galaxies, they will be forced to throw out the BB theory. Many interesting thoughts on what the next theory will be. Still, since we have no clue what the universe is made up from {95 percent is dark energy/matter of which we have no clue} it might be a while till we have everything figured out.
Anyway you asked.
Back here in the land of investing, we have our own theories. Dow theory, efficient market theory, modern theory and the like, all of those are also outdated due to the complexities of today’s market and due to global interactions but if you don’t know any better there still fun to talk about.
Football season coming up, I do like my football.
Another interesting post by you.
You ask - what are you going to do to drive the price of TCNNF up to $250+
Nothing, it’s the company’s job to drive the price thru their actions and business plan.
You ask - what are you going to do to drive the price of TCNNF down to $1-
Again, there is nothing I’m going to do to drive the price either up or down.
You state - People who hate mj/TCNNF aka shorts. Work together and People who love mj/TCNNF aka longs. Work with shorts.
How does that relate to a short squeeze?
How would that relate to Momo’s, fomo, and how do they start off in the ,say morning and already be all aligned that day?
What percent do you allow for private hedge companies? And why?
You ask - Who thinks the alcohol, tobacco, and drug companies are doing
Every thing possible to increase the PPS of mj companies like TCNNF.
Not their job, nor do they /or could they single out a company to apply that function you state.
so how many sahres are you buying while were still under 4?
They have a long ways to go. -- https://hempsupporter.com/wp-content/uploads/2023/08/USHR-Response-to-Congressional-RFI.pdf
I'll wait for the 10q to break it down.
Ayr Wellness Inc. (AYRWF) Reports Q2 Loss, Misses Revenue Estimates
7:15 am ET August 17, 2023 (Zacks) Print
Ayr Wellness Inc. (AYRWF) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.13, delivering a surprise of 71.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ayr Wellness Inc., which belongs to the Zacks Medical - Products industry, posted revenues of $116.74 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 3.64%. This compares to year-ago revenues of $110.13 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ayr Wellness Inc. Shares have lost about 26.3% since the beginning of the year versus the S&P 500's gain of 14.7%.
Well maybe, who knows, but i'll be up 50 percent more by that time. Back to CVSI, down another 9 percent today, where do you think it will bottom?
I know, nice pick up. ay .26 now. You pick some up too?
FYI - Today’s public service announcement is that Congress wants to hear from you on a regulatory fix for cannabidiol (CBD) and other hemp-derived cannabinoid products. The request came down via the Energy and Commerce Committee on July 27, when it published a Request for Information (RFI) to “interested parties” on the topic. The deadline for RFI responses is August 18, 2023. You can email your thoughts on or before that date to CBD@mail.house.gov and CBD@help.senate.com.
Why is this happening now? The short answer is that Congress has another shot at the Farm Bill, which is the primary agricultural and food policy instrument of the federal government. In 2018, the Farm Bill removed hemp (and hemp-derived CBD) from the Controlled Substances Act. The Farm Bill is renewed every five years, so policymakers are ramping up for the 2023 version on pertinent topics– including CBD and other hemp-derived cannabinoids.
A better regulatory environment for CBD and hemp-derived cannabinoids is sorely needed. Commerce has outstripped regulations and enforcement is lax. The Food and Drug Administration (FDA) knows this, and published a statement earlier this year, awkwardly titled “Existing Regulatory Frameworks for Foods and Supplements are Not Appropriate for Cannabidiol, Will Work with Congress on a New Way Forward.” The first part of that statement was nothing new from FDA; the second clause was notable.
It’s disappointing that FDA waited nearly four years to get this statement out: the agency pledged to explore how CBD products could legally come to market over four years ago. Mostly, though, it seems they’ve been “looking at data” and firing off occasional warning letters to especially bad actors (as recently as last month, and going back to 2015). Meanwhile, almost no one is growing hemp.
The RFI is fairly long, but it’s broken down conveniently into topics, each of which contains one or more questions. Those topics are:
current market dynamics
regulatory pathways
definitions for CBD and other cannabinoid products
federal-state interaction
safety
quality
form, packaging, accessibility and labeling
And here is what the Committee itself summarized as the high points of the RFI:
Please comment on the concerns FDA has raised with regard to regulating most CBD products through existing pathways (i.e., conventional foods, dietary supplements, and cosmetics), and FDA’s view that there is a need for a new regulatory pathway for CBD products. If existing regulatory pathways are sufficient for regulating CBD products, please explain how these existing pathways can be used to address the concerns raised by FDA, as appropriate.
How has the absence of federal regulation over CBD created a market for intoxicating, synthetically-produced compounds, such as Delta-8 THC, THC-O, THC-B, HHC-P, and others?
How should a new framework for CBD products balance consumer safety with consumer access?
What precedent exists in foods, dietary supplements, tobacco, and cosmetics for requirements of labeling to present risks to special populations in labeling (e.g., children, pregnant and lactating women, consumers taking certain drugs, etc.)? What amount and type of evidence has been required to support such requirements?
We should know something within 2 years. A lot to figure out in that time span.
I see the price is at 0.036 as I write. Thomas, do you think it will drop into the 0.02's? If so when. TIA
Ah, but the economy within CVSI is alive and well, just voted in more raises. And thank god they did, can you imagine without managements guidance how bad it would be, I mean with it were down only 16 percent in items sold, neg. profit margin, loss to shareholders of 1.2 million. Yes they certainly earned it.
Have mercy on that mercy and dare to believe. ROTFLOL.
Just a FYI - As Cannabis Consumption Surges While Alcohol Falls, This Expert Sees A $100B Market Opportunity For Weed
9:55 am ET August 15, 2023 (Benzinga) Print
"Since 2010, cannabis use among ages 21-29 is up 55%, while alcohol use is down 11%. This isn't just a trend, it's a multi-decade growth opportunity." This is the conviction of Aaron Grey of Alliance Global Partners, who recently shed light on the promising future of the cannabis industry at the Benzinga Cannabis Capital Conference held in Miami.
But the cannabis industry isn't the only sector taking note the significant shift in consumer habits over the past decade. "That's not just the cannabis industry noticing; the alcohol industry is noticing, the tobacco industry is noticing," Grey emphasized. Indeed, major players in these industries are starting to pivot. Altria (NYSE: MO), for instance, mentioned at a recent investor day it is exploring "cannabis as an opportunity [for] non-nicotine." In fact, the tobacco giant has already invested big bucks in Cronos Group Inc (NASDAQ: CRON). Similarly, Constellation Brands (NYSE: STZ) has shown interest in the cannabis sector, investing in Canopy Growth Corp (NYSE: CGC).
Grey also alluded to the broader acceptance and curiosity from distributors, who are now "starting to talk about it as well." The cannabis industry's appeal isn't fleeting or temporary. "This is an industry that... is going to continue to grow," Grey said, emphasizing that the growth isn't just a short-term spike but a consistent, upward trajectory. "It's not a one-year thing. This is a multi-decade growth opportunity," he added.
As for the future prospects, Grey's bullish stance remains unwavering. "I'm as bullish as ever in the long-term prospects," he declared, forecasting an impressive figure for the industry's potential. "I still believe it'll be over a $100 billion opportunity at full-fledged legalization."
"Since 2010, cannabis use among ages 21-29 is up 55%, while alcohol use is down 11%. This isn't just a trend, it's a multi-decade growth opportunity. The future? A $100B+ opportunity with full legalization."
It seems you are running some fuzzy math here, absent of valuation concerns, fundamental concerns or for that matter reality issues.
No, it shouldn’t be trading at $250 per share, nor is there any reason whatsoever that it could trade that high under the current status of the company, that’s in the reality camp.
It’s trading at 4 now, but it won’t stay this low, I agree, but 250?
You claim OTC stock drop 90 percent several times because they must. You want to break that down as to the why? In fact if you don’t mind, please explain how you came up with that 250 figure.
You do understand how markets work, right?
And how is that helping CVSI. When CVSI makes 3.9 million, but their SGA chews up 69 percent of that, got to pay management, well it doesn't show a very good business plan does it. But as long as CVSI makes at least 2.7 million, management should get paid. It's all about management you know. IMO
Well, the 10Q. In a nutshell, it about the failure to sell enough. Sales are down 16 percent per the company but they raised the price point of their product to increase a higher margin, this during what most others are doing which is price compression. But I understand, they have no choice. They did 3.966 million in sales for the qt. Cost of goods sold was 2.248 million leaving gross profit of 1.7 million. Then comes SG&A cost of 2.758 million, got to pay management you know, which works out to a net loss to shareholders of 1.288 million. With sales slowing and the gov. handout of 2.5 million drying up they will have some challenges for the rest of this year.
At the end of the day it boils down to they just can't sell enough of their product to matter. I'll wait for the 10q for the details but less sales is the main theme.