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MRMD
Got to sell on spikes
otherwise shareholders are bagholders.
Correct?
It expired does not mean that any action was taken.
"declared under Section 319 of the Public Health Service (PHS) Act, to expire at the end of the day on May 11, 2023."
I think I posted this last year?
insert-text-here
What's the healthiest cigarette to smoke?
There is no safe smoking option — tobacco is always harmful. Light, low-tar and filtered cigarettes aren't any safer — people usually smoke them more deeply or smoke more of them. The only way to reduce harm is to quit smoking.Apr 8, 2019
In my humble opinion VLN will be XXII's downfall.
VLN coming soon!!! , Almost for sale!!! was better for XXII executives job security.
How many stock options did they sell? I am sure longs are happy.{sarcasm}
NOW
When they are actually for sale
reality
Coming VLN numbers are going to be
The highlight
of VLN sales for years then declining forever, BWDIK?
Then what does XXII have? My crystal ball says Reverse split.
No one needs to sell VLN when your expertise is selling stock for your salary.
----------------
What is the price target for 22nd Century Group?
Stock Price Forecast
lol these guys need fentanyl
The 5 analysts offering 12-month price forecasts for 22nd Century Group Inc have a median target of 4.50, with a high estimate of 5.00 and a low estimate of 3.00. The median estimate represents a +899.78% increase from the last price of 0.45.
I bet you are correct;0)))
This is the same guy who threw out 30 million dollars. Correct?
lol
This pos company has already used the exact same game plan that they are using TODAY
for over 25 years.
Are they lined up at the starting gate yet?
No they are not as they are waiting for ANOTHER YEAR for a RESEARCH study.
Good luck 0;/(((
Oliver last year XXII was a gift from the GODS if you were short.
Whoppie
Time line for a research report not for any action,,,lol.
Then how long will it take to implement ANY Action? See you in the 2030's
The report is titled federal RESEARCH
TITLE IV--FEDERAL RESEARCH
Great gig XXII executives have as they Intercourse shareholders for their fat paychecks.
English is a challenge for some but it may not be their first language.
Have a good day
"Xavier Becerra and HHS have a December 2, 2023 deadline to report their findings... The timeline is written into the law."
How Can a Company Lose $3.3 Billion on $402 Million in Sales? Cannabis Companies Show How as Shares Get Wiped Out
by Wolf Richter • Jun 22, 2023 • 128 Comments
It just never ends with these hype-and-hoopla stocks. And when one wave finally dies, there’s something new. This stuff is just hilarious.
By Wolf Richter for WOLF STREET.
The legalization of cannabis was going to change the world. There are well over a dozen cannabis stocks that trade on US exchanges. These hype-and-hoopla stocks are another classic example of a rip-off of retail investors. Don’t ever buy stocks when you’re high is not financial advice here. And if you ever want to buy cannabis products, go buy them, but don’t buy their stocks is not financial advice either.
So one of these hype-and-hoopla darlings – Canopy Growth Corp, a Canadian company, like so many cannabis outfits – reported its long delayed Q4 and full fiscal year earnings today. Reading their earnings report is probably even more fun when you’re high.
All amounts on Canopy Growth, except share price, are in Canadian dollars. Because the shares trade on the Nasdaq, the company has to file its financial reports with the SEC, which it did today:
In Q4, ended March 31, it lost $648 million on $87 million in net sales.
In Q4 a year ago, it lost $394 million on $102 million in sales.
For the fiscal year 2023, it lost $3.31 billion on $402 million in net sales.
It’s now shedding operations and cutting out stuff, trying to hang on a while longer.
Over the six years since 2017, the company lost $7.5 billion.
I mean, that takes some doing.
And it has just about nothing to show for these $7.5 billion in losses: No fancy semiconductor that would power the future of generative AI, or whatever, no mass-produced EV that would knock the door-handles off Tesla, but just some products based on a, um, weed, and sharply dropping revenues.
Annual net revenues peaked in fiscal 2021 at $529 million. Since then, revenues have plunged by 24% to $403 million.
Fitch Ratings, which last rated the company one notch above default (CCC-) withdrew its ratings; S&P Global, which last rated the company “selective default,” also withdrew its credit ratings, after the company had defaulted on $100 million in unsecured notes and then restructured them with the related-party lender, Constellation Brands, into a cash payment for accrued interest and a new promissory note to be converted into special shares.
On February 10, 2021, Canopy Growth had a market cap of nearly $20 billion. It was that infamous February 10, 2021, when a lot of this hype-and-hoopla stuff peaked and then collapsed to then end up in my pantheon of Imploded Stocks.
We forgot about it already because that was over two years ago, and we have moved on, and this stuff has imploded, and now we’re onto the next hype-and-hoopla thing, generative AI, that is so much bigger than pot stocks, and so much more fun. Now we’re talking trillions, not a couple of hundred billions. The first half of the charts look similar though. The second half hasn’t played out yet.
Cannabis is a valid product. Generative AI may some day be a valid product. But here, we’re just looking at hype-and-hoopla cannabis stocks, and what they did to stock jockeys that got all excited about them. The people that got out in time, made lots of money, the others got wiped out. Which is how that works.
Today, the shares of Canopy Growth [CGC] closed at $0.58, down about 99% from the hype-and-hoopla spike on February 10, 2021, when they were worth over $50 a share.
This chart shows the market cap to show the magnitude of this: $20 billion went up in smoke, so to speak, easy come easy go, which is what hype and hoopla is all about (data via YCharts):
There are a whole bunch of these cannabis stocks. They’re summarized nicely by the AXS Cannabis ETF, which has collapsed by 94% from $30.99 at the peak on February 10, 2021, to $1.75 today.
My favorite is Bright Green. I mean, memory in the stock market is like two weeks, or something. The company went public via a direct listing on the Nasdaq on May 17, 2022, after the other cannabis stocks had already collapsed. It was a pot grower with zero revenues. But OK, maybe they were trying to set a collapse record. The stock opened at $15.99 a share then spiked to $58 by the next day intraday, and then did one of those infamous rug-pull insta-collapses. A month later it was at $2.59.
Then a year later, on May 24, 2023, the company pulled off a private placement, selling 3,684,210 shares of common stock plus warrants to purchase 3,684,210 shares of common stock, at $0.95 per share and accompanying warrant. Today it’s at $0.91. This stuff is just hilarious:
We have seen this behavior in the stock market in one sector after another. It’s like a video game, so suspenseful. And it’s so much more fun than the casinos in Las Vegas, and you know, it’s not real money, it’s just play money, of which the Fed printed trillions. But the amounts are big nevertheless. And each time, a bunch of googly-eyed retail investors got cleaned out.
Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
How Can a Company Lose $3.3 Billion on $402 Million in Sales? Cannabis Companies Show How as Shares Get Wiped Out
by Wolf Richter • Jun 22, 2023 • 128 Comments
It just never ends with these hype-and-hoopla stocks. And when one wave finally dies, there’s something new. This stuff is just hilarious.
By Wolf Richter for WOLF STREET.
The legalization of cannabis was going to change the world. There are well over a dozen cannabis stocks that trade on US exchanges. These hype-and-hoopla stocks are another classic example of a rip-off of retail investors. Don’t ever buy stocks when you’re high is not financial advice here. And if you ever want to buy cannabis products, go buy them, but don’t buy their stocks is not financial advice either.
So one of these hype-and-hoopla darlings – Canopy Growth Corp, a Canadian company, like so many cannabis outfits – reported its long delayed Q4 and full fiscal year earnings today. Reading their earnings report is probably even more fun when you’re high.
All amounts on Canopy Growth, except share price, are in Canadian dollars. Because the shares trade on the Nasdaq, the company has to file its financial reports with the SEC, which it did today:
In Q4, ended March 31, it lost $648 million on $87 million in net sales.
In Q4 a year ago, it lost $394 million on $102 million in sales.
For the fiscal year 2023, it lost $3.31 billion on $402 million in net sales.
It’s now shedding operations and cutting out stuff, trying to hang on a while longer.
Over the six years since 2017, the company lost $7.5 billion.
I mean, that takes some doing.
And it has just about nothing to show for these $7.5 billion in losses: No fancy semiconductor that would power the future of generative AI, or whatever, no mass-produced EV that would knock the door-handles off Tesla, but just some products based on a, um, weed, and sharply dropping revenues.
Annual net revenues peaked in fiscal 2021 at $529 million. Since then, revenues have plunged by 24% to $403 million.
Fitch Ratings, which last rated the company one notch above default (CCC-) withdrew its ratings; S&P Global, which last rated the company “selective default,” also withdrew its credit ratings, after the company had defaulted on $100 million in unsecured notes and then restructured them with the related-party lender, Constellation Brands, into a cash payment for accrued interest and a new promissory note to be converted into special shares.
On February 10, 2021, Canopy Growth had a market cap of nearly $20 billion. It was that infamous February 10, 2021, when a lot of this hype-and-hoopla stuff peaked and then collapsed to then end up in my pantheon of Imploded Stocks.
We forgot about it already because that was over two years ago, and we have moved on, and this stuff has imploded, and now we’re onto the next hype-and-hoopla thing, generative AI, that is so much bigger than pot stocks, and so much more fun. Now we’re talking trillions, not a couple of hundred billions. The first half of the charts look similar though. The second half hasn’t played out yet.
Cannabis is a valid product. Generative AI may some day be a valid product. But here, we’re just looking at hype-and-hoopla cannabis stocks, and what they did to stock jockeys that got all excited about them. The people that got out in time, made lots of money, the others got wiped out. Which is how that works.
Today, the shares of Canopy Growth [CGC] closed at $0.58, down about 99% from the hype-and-hoopla spike on February 10, 2021, when they were worth over $50 a share.
This chart shows the market cap to show the magnitude of this: $20 billion went up in smoke, so to speak, easy come easy go, which is what hype and hoopla is all about (data via YCharts):
There are a whole bunch of these cannabis stocks. They’re summarized nicely by the AXS Cannabis ETF, which has collapsed by 94% from $30.99 at the peak on February 10, 2021, to $1.75 today.
My favorite is Bright Green. I mean, memory in the stock market is like two weeks, or something. The company went public via a direct listing on the Nasdaq on May 17, 2022, after the other cannabis stocks had already collapsed. It was a pot grower with zero revenues. But OK, maybe they were trying to set a collapse record. The stock opened at $15.99 a share then spiked to $58 by the next day intraday, and then did one of those infamous rug-pull insta-collapses. A month later it was at $2.59.
Then a year later, on May 24, 2023, the company pulled off a private placement, selling 3,684,210 shares of common stock plus warrants to purchase 3,684,210 shares of common stock, at $0.95 per share and accompanying warrant. Today it’s at $0.91. This stuff is just hilarious:
We have seen this behavior in the stock market in one sector after another. It’s like a video game, so suspenseful. And it’s so much more fun than the casinos in Las Vegas, and you know, it’s not real money, it’s just play money, of which the Fed printed trillions. But the amounts are big nevertheless. And each time, a bunch of googly-eyed retail investors got cleaned out.
Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Chinese kids learning this while we debate gender ideology in our schools? ⚠️
— Wall Street Silver (@WallStreetSilv) June 24, 2023
🔊 pic.twitter.com/YLzi4YPOdq
What this country needs right now is cleaner minds and dirtier fingernails...
- - Will Rogers, 1929
Yes you are correct with this statement:
this whole vln has been a bunch of BS for years..many companies have the VLN.
Lower leaves on a tobacco plant have very weak nicotine! This is supported by literature :0/)))))
tobacco leaves
The results show that the nicotine level of tobacco leaves increases from bottom leaf position (lugs) to upper leaf position (tip) on both area of cultivation of Virginia tobacco. This is supported by literature (Hawks 1978).Oct 29, 2015
‘A very attractive hazard’: Melatonin, THC, CBD gummies are far from harmless
melatonin gummies
Melatonin may seem harmless but with children too much is a health hazard
By CINDY KRISCHER GOODMAN | cgoodman@sunsentinel.com | South Florida Sun Sentinel
PUBLISHED: June 19, 2023 at 5:22 a.m. | UPDATED: June 19, 2023 at 3:34 p.m.
Gummies, those sugary bears, worms or button-sized candies, seem harmless — but they are far from it.
Florida’s Poison Control Centers are fielding an escalation of calls from people who have become seriously ill from overdoses of melatonin, THC and CBD gummies. Emergency department visits in Florida are rising, too. Reactions include nausea, vomiting, extreme lethargy, tremors, confusion and even trouble breathing.
The increase in gummy overdoses is triggered by availability, new habits formed during the pandemic and inconsistent dosage issues.
Gummies are easy to get and increasingly popular. In Florida, melatonin gummies are sold in grocery stores, drugstores and vitamin shops, while CBD gummies are available in convenience stores and smoke shops and THC products are sold in dispensaries (with a doctor’s recommendation).
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However, the supplement industry, which includes melatonin, is not strictly regulated, so the dosage on the label may not be consistent with what’s in the bottle or bag.
Melatonin overdoses are up
A 2023 study in the Journal of the American Medical Association looked at 25 brands of over-the-counter melatonin gummy bears and found that 88% had a dosage inconsistent with their labeling. Some were lower and some were as much as 3½ times higher than the labeled dose.
That should give Floridians pause, especially with the increasing use of melatonin triggered by sleep-disrupting stress and anxiety during the pandemic. The Sleep Foundation found an increasing number of parents are giving melatonin to children to help them fall asleep, unaware of the risks.
“You don’t know what you are getting,” said Dr. Heidi Cohen, with Joe DiMaggio Children’s Hospital in Hollywood. “They say a milligram amount, but you don’t know if that is what is in there. Too many milligrams can make you excessively sleepy and it can even be toxic for children. There have been deaths tied to melatonin overdosing.”
So far in 2023, Florida’s Poison Control Centers have tracked 996 calls about melatonin-related illness, with 75% of these being for children ages 5 or younger. This accounts for a slight increase in pediatric cases (2.6%) from the previous year, said Wendy Blair Stephan, Health Education Coordinator for the Florida Poison Information Center. Stephan said Florida’s Poison Control Centers also have logged another 47 cases of exposure to “melatonin combined with other substances.”
Nationally, a study released by the Centers for Disease Control and Prevention found over the last 10 years, more than 4,000 kids were hospitalized from melatonin overdoses; five children required ventilation and two died.
“My first question is why is the child not sleeping without an aid … what is the problem?” Cohen asked. “That problem needs to be addressed with your pediatrician. You should not be just haphazardly medicating children to sleep,”
THC gummies
iStock.com/Juanmonino
THC gummies are sending children to the Emergency Room in Florida.
Marijuana gummies are the most dangerous
Just as popular and even more problematic are gummies with Cannabidiol (CBD) and Tetrahydrocannabinol (THC) gummies, which are edible formulations of hemp and marijuana.
Calls to Florida’s Poison Control Centers about edible formulations of marijuana (containing THC) from Florida have risen consistently year over year since 2018 as availability increases. So far this year, Florida’s Poison Control Centers have received 226 calls about exposures to these edible formulations of marijuana with 36% having occurred in children 5 or younger.
Doctors say marijuana gummies are problematic for both adults and children.
For adults, edibles can take up to two hours to take effect, so a common mistake is for someone to get impatient for the high to kick in and take more, then overdo it. Overdose symptoms include rapid heartbeat, trouble breathing and delirium. For some people, the gummy ingredients could interact with other medications. “Everyone reacts differently,” said West Boca Hospital emergency room doctor Charles Jeanpierre. “People do not usually die from too much cannabis, but they can get very sick and require hospital care.”
Across the country, children are mistaking marijuana gummies for candy, and gobbling down too many. Because of the potency packed into some THC gummies, a small child who ingests them can be getting a fivefold overdose, pediatricians say.
While too many vitamin and melatonin gummies can have harmful effects in children in rare cases, those symptoms are generally mild compared to the serious systemic effects being seen in the ERs with THC in little ones, says Stephan at the Florida Poison Information Center-Miami.
“I think it’s concerning,” she said.
“In 2023, we’re seeing a 12% increase in cases of 0 to 5-year-olds, and 30% in the 6- to 12-year-old age group compared to last year,” she said. “This suggests that parents and grandparents still don’t realize that these products pose a very attractive hazard.”
More than 7,000 confirmed cases of kids younger than 6 eating pot edibles were reported to the nation’s poison control centers over a recent five-year period. The U.S. Food and Drug Administration recently issued a warning to parents after learning of increasing cases of elementary-aged children coming into the hospital after consuming what they thought was candy.
CBD gummies
Mike Stocker / South Florida Sun Sentinel
Colorful CBD gummies are enticing to children who are gobbling them up and landing in the ER.
South Florida emergency room doctors see the problem firsthand
“We are seeing the kids come in intoxicated, confused, unable to respond to questions, and there’s a risk of when kids come in like this that they can stop breathing,” said Cohen at Joe DiMaggio.. “We run tests and urine screenings and find THC.”
Jeanpierre, medical director of the pediatric ER at West Boca Medical Center, regularly sees children who have gotten into their parents’ gummies.
The ones who take THC gummies tend to have the most severe symptoms, he said. They come to the ER with nausea, vomiting, dizziness, difficulty breathing, and even an increase in heart rate. “We give them support treatment such as oxygen, anti-nausea medication, IV fluids or medication to drop the blood pressure.”
Jeanpierre said only the children who ingest large amounts of THC are sick enough to be admitted to the ICU.
His advice for parents: if your child eats too many gummies or if you notice your child acting strangely, call poison control. In South Florida that number is 800-222-1222.
Sun Sentinel health reporter Cindy Goodman can be reached at cgoodman@sunsentinel.com.
Author
Cindy Krischer Goodman | Health Reporter
Cindy Krischer Goodman is a reporter for the South Florida Sun Sentinel.
Ben Dover XXII screws holders again:
22nd Century Announces $5.3 Million Registered Direct Offering Priced Above Market
Actually it is priced below market when fees are taken into consideration in IMHO!
Thank you Mish(((( 666
XXII VLN CS's all get one cartoon.
You know where the Mobil station is. Please Ask.
Real info is needed not fantasy.
Enjoy the day;0)))
XXII has been giving everyday.
XXII = tobacco porn
The definition of ballet:
"Men who wear their pants so tight you can tell what religion they are!"
Robin Williams
You got great research..duh!!!! duh!!!!
When is the reverse split?
esad what is your new handle?
brooklyn I miss you, please post here.
YO SGTMAJOR
You Did Not Even Buy A pack
Yet You want Others To Buy XXII's remedy
This says it all folks
5 cent share price for XXII on the way
LOL
Good weed sells as the cartels know.
Pot stores selling shite not so well.
Pot stores selling the best Z's are $400.
Your neighborhood "friend" $200.
crappyhighsareus.org
5G No thank You
insert-text-here
Now that dispensers sell 1/z for c-note
killer weed is not in the program
certainly nowhere near a priority.
mediocre crap
Medical Pot there are no taxes.
Recreational activities are so deeply discounted the discounts take the place of taxes which the dispensers have to pay. State gets their taxes and the pot producers pay the taxes for their consumers. Wash sales basically.
lol
all of the dispensaries in mass are sucking hind tit.
prices way to hi
prices of everything suck at dispens
How many packs of VLN did you see?
Could you buy a carton?
How large was The signage?
Did You Buy a Pack?
Do they taste like cigarettes?
whoop de do
-------------------------
I found them at a Mobil station in St Petersburg, FL