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From the CNBC article on CBD's/FDA
“Interest continues to skyrocket,” said D.C. attorney Miriam Guggenheim, co-chair of the food, drug and device practice group at Covington & Burling. “It is mainstream, interest is mainstream. It is not fringe anymore, which doesn’t mean mainstream companies are ready to jump in. But they want to be prepared to do so once the legal landscape is clarified".
I would much rather buy early than late
in this new CBD bev sector. VATE & KGKG are best in class thus far. BigBev will come-a-callin at some point this yr in my honest opinion. Play one off the other Medico.
Elev8 has the products in ready to drink CBD Ice Coffee & CBD Ice Tea. Big money is all over this stock. Matter of time ya'll...
It's all good.
Great points. To be first in RTD CBD Ice Coffee & RTD CBD Tea is mind boggling. Huge opportunity this Summer to grab market share uncontested.
Medico is running circles around BigBev. First to market second to none. Hellofa start.
Gotta grab territory hand over fist as fast as possible right now. If it cost us on the margins, so be it. The stock price will take care of itself if VATE executes in this precious time period we're in. Yes I'm biased ha.
Grabbed more VATE shares today. Medico starting to put product on shelves. That's a big deal if you're the lone public company in this new space.
FWIW Texas passed CBD law (to be signed by Gov) where any company wanting to sell their CBD product in TX just has to register with the state.
No, BigBev does NOT have their act together on CBD infused Coffee/Tea or Energy Drinks for that matter. That's the point. Huge upside, whether or not you know it remains to be seen.
Post FDA meeting that allows VATE to keep selling product, I'd guess .13 before any other announcement of distribution agreements. The sky is the limit if FDA doesn't run interference for BigBev until they can get their act together in the CBD niche market. If everything goes our way, we could see $1 before yr end imho.
The timing of VATE products into the market couldn't be better. The products themselves couldn't be better. Medico has ran circles around Fortune 500 companies to get to this point. If all goes well with the FDA & CBD issue this week we're off to the races. As long as the FDA doesn't stop us from selling product it's all good. Need to work on production capacity & distribution which Medico is working on. This is the spot...
Best stock to own IMO in this ready to drink CBD Ice Coffee & CBD Tea niche sector.
True, and I believe when they do have those distributors, Elev8 should trade even market cap with KGKG. KGKG is also going up IMO.
Gotta get the CBD Ice Coffee & Tea on the shelves somewhere first. With that said, what more can Medico do? Canada & CA would cut into our margins but then again we wouldn't have to play the FDA/BigBev juggernaut in the short term. Either way, this niche sector is poised to make bank, huge opportunity here...
I'd like to see Elev8 sell our CBD Ice Coffee & Tea in California & Canada where it's legal, then deal with the FDA later. It's possible Big Beverage wants the FDA to slow walk approval. I'm not trusting the FDA & Big Bev to do the right thing with CBD's in the short term. Sure, when they have their ducks in a row on CBD bev then they'll be all for, until then they'll try to strangle the competition. Why wouldn't we sell into welcoming markets first? Gotta make a move into Canada IMHO.
In a good spot. Starbucks CEO is STILL misreading this new CBD/Hemp bev sector. Losing market share to an upstart VATE might focus the mind however ha.
It's all good...
True. Bev sector Brass caught napping on CBD sector. Shareholders & Analysts to start SCREAMING questions at these cats soon ha. Tends to focus the mind on acquiring Best in Class products pronto...
Market cap parity with Kona at some point this year imho. Elev8 to LEVITATE my brothas...
Need to lay out the Fit Soda rollout dates before I jump back in Potter. Can't half step sorry.
All Summer
Giddy Up!
The Bev sector brass gotta be watching this situation like a hawk. It's their azz on the line with stockholder's & analyst asking why didn't they didn't get into this ready-to-drink CBD Coffee &Tea sector sooner. I believe there could be a bidding war for Elev8 & Kona in late Summer. It's almost comical...
Yes but they'd have to pay a pretty price to buy the leader in this new sector.
By the time Elev8 has competition for the ready to drink CBD Coffee/Tea we've caputured a significant share of the market. Game set match. Same with Kona & Energy Drinks. Running circles around Fortune 500 Companies that aren't very nimble. Mucho cash to be made my brothas...
Oh sh##! Elev8 to LEVITATE my brothas...
Found it lol What were they thinking?
https://www.superlostcoffee.com/cbd
Agreed, if y'all want a good chuckle check out the VATE competition bottles. I saw one with a WITCH on it ha. Yeah, go hand your wife a bottle of that in the AM.
Week over week gains through the Summer IMHO. VATE KGKG is where it's at in the new CBD/Hemp ready to drink sector. If you know of two better stocks in this sector I'm all ears.
Alright Alright Alright!
Week over week gains this Summer for VATE. The metrics have changed...
Breaking this little .04 resistance level will prove the point. Don't buy at the open, let it settle.
Medico has those CBD coffee/tea out to distribution. The man can't do more at this point. Great position to be in.
CBD hasn't been approved by the FDA for food & drinks. With that said, the hearings on May 31st in DC should give the guidance & cover necessary for bev & food co's to sell their products.
It hasn't been possible to rollout the Ready to Drink CBD Ice Coffee & CBD Ice Tea until recently. The bev companies are waiting for more guidance from the Feds until they jump into the CBD drinks. They don't want to tarnish their brands (per Buffett to Coke's board) nor hang liabilities out unnecessarily, it's still a grey area to the public. Huge accomplishment to be first to market by Elev8.
I gotta say, Medico has a great plan along with timing. Next week are those CBD hearings in DC. Medico timed these shipments to co-inside with the feds giving CBD the OK. Masterful rollout
IMHO weekly gains until VATE finds market cap parity with KGKG. With that said, Kona isn't flat, they'll be going up too, week over week. I highly recommend owning both Elev8 & Kona long term.
Full disclosure, I own both. With that said, VATE has less shares outstanding, higher margins, already on the QB and just yesterday started shipping out product to distribution channels. FWIW I see VATE trading at parity with KGKG (market cap) by Christmas.