I agree. I don't see $20M in Q1 but I do see close to $16M, which is less than $2M from the last Q4. Slow and steady growth, stair steps, two steps forward and one step back.

I would not be surprised if we hit $20M per quarter by Q4 of 2019 though.. growth is growth no matter how slow the pace. Rome wasn't built in a day and all that.

People, there is a big difference between opinion and fact. Do not get fooled. The numbers dont lie.

I will take two steps forward and one step back all day long.

Good Morning Peeps..

We had a pretty rough day yesterday and I am sure that a lot of people find it disheartening. I say this was normal and bound to happen. The same pattern that has been playing out has been happening for months now and yesterdays action was no different. Worry not, because as it continues to play out the price will rise again.

Here is why I say this. The chart below is the current 6 month (180 day) chart for CVSI. The part in particular I would like to bring to you attention is the golden colored dotted line along the bottom part of the chart.. this is the trend of the lows. As you can see as time goes by, the line is rising. This means the current low levels of the stock as still higher than the ones before it. Higher lows. The price of the stock might be tripping over itself once in a while but each time it gets back up it goes higher than before.

Dont get caught up in the microscopic details like some here would like to point out such as the stock is down 10% (or whatever the number is) this past week, its a classic forest for the trees scenario. As an investor and not a trader I prefer to step back and look at the big picture, like this chart shows. Simply put, the numbers don't lie.

Good question, there isnt any bad news out..

In the past (not that past performance reflects whats about to happen) there was usually a nice uptick in the stock price just before the earnings reports. Now that we know the next report is a week away, I expected the movement to go up. Something is certainly different this time around.

Maybe this is my mistake.. I dont want to see a slow down in growth either but to me as long as there is still growth, even if its a slowdown, I like it. I would much rather have any growth at all as opposed to the alternative.

I don't really see a slowdown on the horizon and if there is a slowdown it probably wont be significant. The company is in its infancy and this is when growth happens.

Its not just all about sales though, I kinda like that fact that CVSI turns a profit too.

I guess we will see on May 8th when the next quarterly report is announced.

Good Morning Peeps..

I too have seen this article before. The quote I posted is the first sentence from it.. whats the second word in that sentence? GENERALLY? No where did it say ALWAYS.

From my experience, even the 4-6 weeks this article mentions is not accurate. It has been taking longer for most companies, regardless of the sector they are in.

In 2018 only 58 OTC companies joined the NASDAQ and NYSE, 63 in 2017 and only 35 in 2016. Its not like they let in just anybody..

Not to mention, as Jefra pointed out, there has not been a rejection notice either. If NASDAQ thought that CVSI was so bad, the rejection notice would have been issued months ago with a big fat LOL attached to it. All we can do is speculate that CVSI is still being considered because the fact is they have NOT been rejected..

This statement is completely false.

Not a problem, you wont be the last person to disagree with me and I am not always right. Sometimes I am not even close.

I don't have your background in retail so I guess that's why I have a difference perspective. Maybe I'm blind, or don't know what I am looking at (most likely) and yes the lack of presence is concerning but I don't see a national presence from the competition either. That was my point, it's not just CVSI.

Management recently changed companies that handles the marketing, these new guys are supposed to have a good reputation. The sales department supposedly has been revamped and staffed up as well. I don't know how long changes like these will yield results but I believe they will. Management appears to be going through the motions to get what needs to be done, actually done.

Why it is not translating to an increased share price is a bit of a puzzle to me. Only I am not concerned about it enough to sell out my position as I still think its going to happen.

Good Morning Peeps..

I don't see it so much. If there were announcements that our competitors signed deals with 7-11 or Walmart then I would agree. As far as I know that's not happening either, so I don't think we are losing any measurable market share. Our competitors are stuck waiting just like we are.

It will happen though, once the fog lifts from around this industry it will be a race to sign with all of those guys. Until then all we can do is build relationships and position ourselves for when it does.

It is, but its not always a bad thing. Look at it this way, at least the day traders have moved on to someone else.

Im sorry that its down but it looks like a slow day all over the board to me, its not just CVSI.

Good Morning Peeps..

Everyone here is entitled to their opinions on the stock. I have no problems with opposing opinions, as I have said before lots of times they keep us honest.

I am in CVSI for a few basic reasons, a lot of those reasons I just do not see in any other ticker. For example, this is an OTC company that actually makes a profit. Look around and you will see just how rare that is. The financials are rock solid, something else that is rare on this exchange. And the chart is set up nicely.. it shows that for the past year the stock has been on an upswing even if its at a snails pace. Notice the higher lows as the chart moves along. You cannot argue with the facts.

Other reasons are speculative such as the uplist to NASDAQ, any upcoming big box store announcement, etc. The potential is just too good for me to pass up.

I might just be one of those people that is married to a stock, but at least its a good one that has worked out for me so far.

Yes Marty, you are correct. Also about the not being a short term investment either.

The 50 and 200 DMA have been steadily climbing while the 10 DMA is more of a roller coaster, but generally on the upswing too. These are important indicators to me and they all indicate this stock is worth owning.

When I mentioned the return on investment not what many of us wanted at this time, I failed to mention that in the long term (about 1 year ago when I got in at $1.24) my investment has paid off handsomely. I see no reason why I wont be happier 1 year from now as well, let alone 10 years. Has it been a perfect run for me this past year? No. Am I happy with my return? Yes. This is not a short term investment for me.

Some of what you say is true. Return on investment has not been what any of us here wanted at this point in time.. but we still see the value and potential and are willing to wait it out.

Volume has been low all around the sector. As of this writing today's volume for CW is 135K .. not much at all. Volume for CVSI is 376K .. not much either but twice as much as CW at least.

I guess the good news is the low volume shows us that the day traders are not making plays here anymore.

Good Morning Peeps..

I think $20M is a little unrealistic, last quarter was a little over $14M so that would be quite a jump.

However, there was a 50% jump in the number of stores (3308) that carry CVSI products announced a few weeks ago (link here) so that will help the revenue increase. I doubt it will increase by 50% right off the bat but it should still be a nice jump. I can see $20M in one quarter before the end of the year just not yet. My humble opinion, for what its worth.

Seeing that the market is closed today, I decided to do a little charting. Below is the CVSI 1 year chart as of today. If you don't do any charting then it might look a little 'busy' to you as there is a lot going on.

The one thing I would like to point out is the gold colored dotted line along the bottom .. that is the trend for the lows. Notice how it starts out at the beginning of the year at 0.56 cents and climbs up to today at a little over $4.50.

Anyone that tries to tell you that CVSI is not on an upward trend is blind. The trend looks to continue for a while, so if you recently bought in then I think you should feel confident that the price will continue to rise, even if its a stair step pattern but rise it will, and this is without any major catalyst like an uplist to Nasdaq. Click on the chart to make it full size.

Good Morning Peeps..

Agreed .. what I am curious about is when we will start seeing other companies, if any, go through the process and self affirm GRAS their own products? To my knowledge, CVSI is still the only one, correct? Vandy's opinion on the matter is that it means nothing, but a self affirmed GRAS wont mean nothing if the FDA says it requires it.

Here are some of my thoughts on the Carl's Jr CBD burger topic.

First, a snip from CNN's article (full article here) on the subject:

Carl's Jr. is testing out a cannabis burger to stay at the forefront of the CBD trend.

The chain said on Wednesday that it will sell the Rocky Mountain High: CheeseBurger Delight burger at one location in Denver, Colorado for just one day (April 20th, of course). The burger features a sauce infused with CBD, or cannabidiol, a non-psychoactive hemp derivative.

Though the promotion is limited, it's not a stunt. The burger chain is using the test to determine whether a CBD burger belongs on its permanent menu, said Patty Trevino, senior vice president of brand marketing for Carl's Jr.

"It is something that feels right for the brand," she told CNN Business. "We are all about innovation."

Ironic (?) that they release the test burger on 4/20 .. and notice that it will only be available at ONE location, in Denver. I do like the idea, and am willing to bet that more and more chains start testing the waters. I see no reason why it wont catch on and sooner or later all the fast food chains will offer some kind of CBD item. This is a great example of how the overall market for CBD is expanding, and CVSI can be a part of it.

I already have a six pack of CBD infused beer in my fridge at home.. just another example of the numerous amount of products where CBD can match up. The possibilities are endless.

I dont know if anyone posted this or not but just in case, this article is dated as of yesterday..

CV Sciences Inc (OTCMKTS: CVSI) Gearing To Breakout

From the article:

A combination of strong price performance and favorable technicals suggests that the stock is set for a breakout. Given the strong underlying fundamentals, CV Sciences is primed for further gains on breaking out of the current trading range.

Serious question .. what would you do differently?

Greetings Peeps..

You have that on me, I have never met Dowling or any of the others but I trust what you have to say. I want to believe they have integrity and if you say so then thats good enough for me. I can say that I do have a good feeling about the execs just from my own due diligence.

I have no problem paying the execs with shares, but see no reason why we as shareholders cannot just vote on the system each year instead of setting up a long term payment plan now. I would prefer to pay them on performance, just as I am as a shareholder.

However, if as you said by voting NO to the everygreen system or any other resolution hinders Dowling in any way (which I really dont see how?) then I could be persuaded to change my mind. If we are going to make money on this stock we need to put the company first.

Pardon me for butting in on this, I just felt I had to add my two cents.. and this is just my personal opinion.

I don't like dilution. Yes, the execs that get the shares are being paid to perform, and do a good job and all that. So far, that has not been a problem that I see.. revenues are up, profits are being made, etc.. but the share price is stuck in a channel right now. I do not believe the share price will stay here, we have sunnier days ahead once we uplist, big box deals, all of that stuff.

The float on CVSI is not large (in my opinion) and it is in an investors favor to keep it small. Dilution will only increase the float and make our shares 'worth less' .. when the execs are already being paid a handsome salary (again in my opinion) to perform their jobs.

Yes it is a common practice to pay those guys with shares. But if we must then I say make it as small an amount as possible, or put an asterisk on them and make it performance based instead of guaranteed. At least until we reach a certain level, maybe one that a NASDAQ listing would bring.

In short, I am not for the evergreen deal at this time. If the execs want to use a blue chip stock system to get paid, then make the company a blue chip stock first.

This IS big news. To me, it shows that CVSI is serious. You don't get a firm like D&T to audit your financials if you plan to stay on the OTC.

With every announcement like this, its one step closer to NASDAQ membership. I cant wait.

The rules for uplisting are extensive, and frankly a pretty mind numbing read. Here you go.

Although this issue has been resolved, a few months ago this was a valid concern why NASDAQ had not approved the uplist. Look for rule 5101 and think of Mona before he retired. The same rule might currently apply to CVSI because of the outstanding (and frivolous) lawsuits.

My point is there is a LOT more going on than just a companies financials.

EDIT : Here is the part I was talking about in Rule 5101:

Nasdaq is entrusted with the authority to preserve and strengthen the quality of and public confidence in its market. Nasdaq stands for integrity and ethical business practices in order to enhance investor confidence, thereby contributing to the financial health of the economy and supporting the capital formation process. Nasdaq Companies, from new public Companies to Companies of international stature, are publicly recognized as sharing these important objectives.

Nasdaq, therefore, in addition to applying the enumerated criteria set forth in the Rule 5000 Series, has broad discretionary authority over the initial and continued listing of securities in Nasdaq in order to maintain the quality of and public confidence in its market, to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and to protect investors and the public interest. Nasdaq may use such discretion to deny initial listing, apply additional or more stringent criteria for the initial or continued listing of particular securities, or suspend or delist particular securities based on any event, condition, or circumstance that exists or occurs that makes initial or continued listing of the securities on Nasdaq inadvisable or unwarranted in the opinion of Nasdaq, even though the securities meet all enumerated criteria for initial or continued listing on Nasdaq. In all circumstances where the Listing Qualifications Department (as defined in Rule 5805) exercises its authority under Rule 5101, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810(c)(1), and in all circumstances where an Adjudicatory Body (as defined in Rule 5805) exercises such authority, the use of the authority shall be described in the written decision of the Adjudicatory Body.

You obviously have no clue how this works. I will try this one more time (I dont know why because you refuse to get it) .. OBVIOUSLY there is more to uplisting than just market cap. Think about that for a moment.

Those two companies that were uplisted.. what industry are they in? I bet they have nothing to do with hemp or anything remotely questionable.

Agreed. According to the data on the NASDAQ website there is next to no money from institutional investors for CVSI. The website reports Insitutional Ownership to be at 0.10% .. 6 institutional holders with 96,250 shares held. So when millions of shares trade hands on these swing days, it aint the deep pockets from Institutions.

Its been stated before .. most institutions are NOT ALLOWED to invest in companies on the OTC. For that very reason I cannot wait to leave the OTC behind and join the NASDAQ, or any big board.

I could not agree more. Being a quality stock like CVSI and being stuck on the OTC is a big ball and chain. Looking forward to the light at the end of the tunnel.

I cant explain it either, I would think that once someone looks at the numbers and sees what a gem CVSI is, that the share price would be higher than it is. But its not..

The short attack did its damage back in the day for sure, just when the stock was on a big run. But a puzzle to me is CVSI was not singled out.. CRON (trading at $12 at the time) was hit with a short attack by Andrew Left too, just a few days later and today they trade in the $17 range.

The big reason to me is NASDAQ. As long as CVSI is on the OTC we will be trading at these levels. Most, if not all of the other companies that get mentioned around here are on a big board except us. Thats a BIG difference between them and CVSI, regardless of their financials. We need to be patient as the uplist process completes, and when it does say goodbye to the ball and chain thats holding us down. In my humble opinion, of course.

I do believe all of these demons will come to pass. I am in this for the long haul - 5 to 10 years, and expect big returns when I sell. I am also a very patient person and have learned not to panic when a stock drops. I can, and will, wait this out.

No kidding. Another way to look at it is like this:

We did $14.2M in revenue in Q4 of last year. Add 50% to that and this coming quarter could be over $21M alone. Thats a very rough guess.. but if the 48% in new stores produce the same amount in sales as the existing stores did, then this number is not so far out of reach. And thats without any kind of sales increase growth from any of the stores, thats if they all stay the same.

This is huge. Almost a 50% increase in retail stores in one quarter .. and all because of the passing of the Farm Bill. I remember a few people calling that a nothing burger but the numbers clearly debunk that statement.

An increase like that surely will impact the bottom line for the next quarterly report. The only question would be by how much. We all guessed a little high on last quarters revenue pool, I wonder how it will work out this time around?

Good Morning Peeps..

I took a few days off to enjoy the nice weather but I am back and still reading the board.

I think these are reasonable numbers and agree. With a lot of stocks I pick an exit point and when it hits, I sell. No one ever went broke taking a profit.

With CVSI I don't have an exit point, this is one I plan to hold for a while. I am betting on a NASDAQ uplist though, even if it takes 9 more months to happen. All I know for certain is that the application has NOT been denied and to me, thats a good sign.. even after all this time.

I honestly would be surprised if CVSI goes on one of those TLRY type runs to $300 .. those are few and far between and we are not an IPO like they were. Besides, they dropped back to the $60 range soon after. Now there is no reason why CVSI cant climb to $60 organically over 5 or 10 years .. and thats my outside hope.

I for one welcome open debates and different points of views. It keeps us all honest.

What if the opinion I have is wrong? How would I know if it were not discussed with facts to back it up? I have had my mind changed before because of debates. I am not so close minded and stubborn if the facts back up someones argument.

Good Morning Peeps..

I noticed this too. We have gained around a dollar in the past few weeks, which is a welcome move, but we need to keep making gains or I fear the price could slide back to the mid to low 5's. After all, there was no real catalyst (other than the charts poised from the last pennant) to make this dollar move.

On the other hand, even without a catalyst the company has solid financials and is starting to get some decent exposure so maybe the price is gaining because people buying in. The Money Flow indicator that I watch has been positive lately and its been a while since it has been positive on a regular basis. Its another good sign.

People can speculate about Mona, FDA and NASDAQ all they want but the real meat is the numbers.. and CVSI has them. Black and white, uncontested. That's what Wall Street looks at too.

Clearly these guys who's job is to be "in the know" didn't do their research and need to listen to you.

I have not met either of you but if I had to pick between you or McLean Capital Management for someone to take advice from, hmmm..

Your reputation precedes you.

To be honest I do not know.. I took the pills first thing in the morning after breakfast myself.. but I don't know if there even is an official recommendation. Personally, I dont think it matters but thats just my uneducated opinion.

I bought the gold formula from the company website. I want to try out the green formula next..

Good Morning Peeps..

A month or two ago I bought some of the gel caps just to try them out. I am in good general health with no issues that I know of but wanted to see if I noticed any differences when taking the pills. I did notice my attitude toward things improved and I did not get stressed so much while at work.

Last week I ordered the balm to try out too. I had a couple of red dry skin spots (the price of getting old I guess) that went away almost over night.

My point is I believe in the products and will swear by them. I tried them out myself so I feel like I can talk but don't take my word for it, try them out yourself. This stuff works.

Don't forget that there was no catalyst for new growth in Q4 of last year. We did not announce a Big Box store contract or anything. In short, nothing changed.. yet growth still increased.

BC might have a point if CVSI said "we just landed our products in 10,000 Target stores.." and then revenues were only $14,223,000 but that was not the case, Revenues still increased despite the lack of any big news.

It's only going to get WAY better before it gets any worse. When you start out at the bottom there is no where to go but UP and CVSI has been doing just that for the past few years.

Revenues
2016 : $11,060,000
2017 : $20,679,000
2018 : $48,244,000

Any grade school bed-wetter can see the growth trends year over year here.

Jefra is right, I dont think they will either. Better question is why grow your own at all? That will only cost the company more, you need to buy land and build buildings, hire growers, and then process the product. All of that wont come cheap.

I say let someone else, another company, spend all that money and take all that risk. The current proven business model that is turning a profit backs this up. In so many words, "if it ain't broke, don't fix it".

Good Morning Peeps..

Sigh.. hammer to the head.

Lets see here.. LYFT drives cars for a business and does not deal in a controversial, only just recently legal product. LYFT drivers have bank accounts where CBD sellers can have problems just getting an account. Cars have been socially accepted for years, CBD still isn't in many places.

NASDAQ does not want to let a company on their exchange that deals in something unless its totally and 100% legal, something that any government agency is not going to come down on. FDA approval maybe?

NASDAQ wants companies that do not have shady or under the table pasts.. maybe they are waiting for the lawsuits against CVSI to be thrown out. Mona has only recently retired as well, and let face it.. he didn't make the company look too good with his record.

I give up.. you have it in your head that financials are all that NASDAQ looks at when it clearly is not. Fine with me.. I tried.