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Some people are so pessimistic! We forget one big factor deterring executives from reporting false numbers and news, jail! Fraud is a very serious crime and most white collar executives don't want to going to jail for a long time.
It does happen, but how often? Maybe one is 10,000 companies report false info. I'll take those odds all day every day.
When you see their products on shelves everywhere, you don't need an audit to tell you the company is growing like crazy. That is the real proof investors should be looking for.
Another good point you made is that CBDD products are on shelves everywhere. That is the real proof of the company producing and growing like crazy. Much more proof than a paper audit.
Amen brother. People who work by the hour (accountants, lawyers, mechanics, contractors, etc.) are never in a hurry. I've seen simple one month projects dragged out to 6 months. That's why I never pay anyone by the hour!
One would expect a big catalyst like Mexico legalizing would move the needle of the cannabis sector a little. I'm surprised it hasn't but it's still early and could take a little time. It may take a US bill to pass.
Mexico finally did it! This is a big deal. They are only the 3rd country in the world to legalize.
Speaking of the Mexican Supreme Court, they just struck down cannabis prohibition. Viva Mexico!!
Agreed, Justice Clarence Thomas is a powerful judge and his opinion carries weight.
Good article. That would be something if the US Supreme Court ruled that cannabis prohibition is unconstitutional (like the Supreme Court in Mexico did).
This stock has been held down artificially for years now. The audit will put to rest all the doubts, concerns, BS and lies. The audit will confirm everything the company has stated.
After the audits are released, the price should run to $.10 minimum in my opinion. That isn't wishful thinking, that is a very accurate price especially when we look at the comparables (most prices are established using comparables). INKW ran to .13 (for selling a few cases of water), GGII ran to .11 (for selling a few cases of cigarettes) and SNDL ran to $3 (with less revenue than CBDD and $50 million in losses). Those are just a few examples, I'm sure there are many more.
I think we are missing the big picture here, and the big picture is always big institutional money. They have cycled out of the cannabis sector because of the incompetent and dysfunctional politicians in Mexico and Washington. Mexico was supposed to pass legalization legislation years ago (it's still alive but it has been delayed again), and Washington has several great cannabis bills introduced and they can't decide which one to pass and when.
Big institutional money needs big catalysts to cycle back into the cannabis sector. Right or wrong, that's the way it is. The big catalysts are coming but not soon enough.
It's a great motto. It's so good they put it on the home page of their website, so I'm sure they believe it!! Especially if the world they are making better is their own!!! HaHaHa.
I think we should repeat Citadel's motto everyday on every board.
"Making Better Markets for a Better World"
Are you trying to tell me that hedge funds have plants in every board? I'm horribly shocked!!! HaHaHa.
You mean to tell me that Citadel isn't following their own motto, "Making Better Markets for a Better World"? It's on the home page of their website. How could they violate their own motto?? I'm horribly shocked!!! HaHaHa.
This is a good first step and will lead to the bigger bills being passed later.
Not much cannabis news out there, but I did find some in the video, "This Week in Cannabis News - June 13 to June 20".
It looks like the strategy in Washington is to pass the SAFE Banking Act first because it has the votes to pass right now. They want to get it passed this legislative session.
Good video, "Citadel's Kingdom - The Monstrosity".
Good interview. I like his quote, "We are executing an accretive acquisition strategy to drive CBD of Denver to become the world's largest and most profitable global CBD and cannabis companies." They aren't targeting just Europe, they want to become one of the biggest cannabis companies on the globe!
Also, they are one of the top 3 cannabis companies in Switzerland right now.
Also, $26 Million in revenues in the last 12 months. Profitable month after month.
That's big! The reports state that Amazon will be "actively supporting" legalization (the MORE Act, which was introduced on Friday) in Washington.
Maybe Amazon is thinking of getting into the cannabis business. Whatever the reason, Amazon has deep pockets and a lot of influence so this can only help the legalization cause.
Good article. $1 trillion in economic impact from cannabis, that's big time!
Big money needs to read this article so they stop underestimating this industry!
One poster who posts false information and lies up to 10 times a day for over 4 years can definitely affect that company's stock, and they definitely need to be called out.
I agree, we should keep all posts about CBDD. Truthful posts, not wild irresponsible speculation and lies about CBDD. Before one engages in any more wild irresponsible speculation and lies, they must go to the company's investors page and get the proper information.
Exactly, CBDD is not afraid to go after criminals who wrong them, so they better find some good lawyers, and I hear good lawyers are VERY expensive!
Even when you are presented with the truth, you still tell lies! Amazing!!
The estimates from experts on the increase of valuations for cannabis companies after even the most modest bill (the SAFE banking act) passes
are up to 35% (because of lower taxes and interest rates). This is billions of dollars of increased value for the entire cannabis industry.
Au contraire, my friend. These bills matter very much. CBDD (and most cannabis stocks) peaked on the day the MORE act was passed in Dec and again after Senator Chuck Schumer made his statements about introducing his MEGA bill in Feb. These bills will increase the valuations of most, if not all, cannabis companies, and that will attract the big money back into the cannabis sector.
I noticed the name of another one of your horses is "I'm So Confused I'm not Sure if I'm Bearish or Bullish".
Another bill introduced, and we haven't even seen Senator Chuck Schumer's MEGA bill yet. Even the most modest bill, the SAFE banking bill, will increase the valuations of most, if not all, cannabis companies.
Good find. It's more confirmation that big money has cycled out of the cannabis sector and small caps. That's the real cause of this drop.
The question now is why? Cannabis sales are at all time highs and many small cap stocks are doing very well. One has to assume that this is a short term crisis and will be rectified soon, because small caps are the future of the markets. They are the little leagues of the markets, and if we don't have the little leagues we don't have the big leagues.
No Felicia, most of those statements you made don't have stipulations for audit or congress, just read them. You have been pouting and crying about longs making bullish statements for days yet you have made some of the most bullish statements of all! Are you not going to own those bullish statements you made?
You just admitted that the charts are bullish, so why are denying those bullish statements you made, and instead you are crying like the world is ending? CBDD is growing like crazy and cannabis sales are at all time highs. Nothing has changed except that big money has cycled out of certain sectors and out of small caps. That is the main problem, not CBDD or the CEO.
No? How about these posts:
Post #156131
"8s to 10s"
156179
"New highs are coming...could pop 10s"
156245
"Charts are bullish"
156313
"Shorts will be burn...8s to 10s"
156317
"Charts are bullish still look at 3 and 6 month charts another pop is developing...new 52 week highs on horizon"
156346
"Is the perfect storm to pop big"
156356
"3 to 6 months charts look bullish 09 to 06 on next pop"
156360
"I'm betting on the bulls. Lots of $$$ all over to be made"
156448
"I still see this 04s to 06s"
156486
"Charts are super bullish"
156570
"Charts are bullish another big pop is coming...going to 52 week high very soon"
156517
"This will see 06s or closer in next pop"
156521
"Charts about to pop. Bulls knocking on door now.
I'm pretty sure you said at least .03 without audits several times in the last few months.
You are repeating exactly what the CEO has posted many times. Didn't you predict .04-.06 without the audit many times? If you said it, you should own it.
That e-mail was for mojo.
Exactly right. The noisy chihuahua BS artists can make as much noise as they like but this drop has very little to do with CBDD and much more to do with big money cycling out of the sector and out of small caps, this has been widely reported. CBDD is doing much better than most cannabis stocks, some of which are down 10X.
CBDD is still growing like crazy and has made $24 million in revenues in the last 12 months, this hasn't changed. As long as CBDD continues to grow the stock price will take care of itself in due time.
Longs aren't backtracking. CBDD is still growing like crazy, and the cannabis market is still growing like crazy. The future is as bright as ever. This hasn't changed.
I have the biggest question of all, why would the CEO hire such an idiot???
He repeats the same BS over and over and over. He can't even troll effectively, and that job requires zero IQ. He must be the dumbest human being I've ever come across.
Tell us CEO, where did you find this guy and why do you keep him employed? He can't even do a job that requires zero intelligence!
Big money controls everything, my friend! We just have to wait for it to cycle back into the small caps, which should be soon because they can't go much lower!