Retired making "real money"
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
no sales today. come on guys buy some more
Musk has more options to buy stock than he owns. He could have just been exercing options to buy shares at a lower prince and reselling for profit. Musk sold 700 mil shares after the twtr bid was announced.
he already sold those shares months ago when price was over 1000 to purchase Twitter
Active Trader Pro BannerPrint Print
A A A
All Content and Data provided by Third-Parties — Terms of Use
Pervasip Announces 2nd Quarter Financials
GLOBENEWSWIRE 9:00 AM ET 7/18/2022
Symbol Last Price Change
PVSP 0.0015down -0.0001 (-6.25%)
QUOTES AS OF 10:08:44 AM ET 07/18/2022
SEATTLE, July 18, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp.(PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the filing of its unaudited financial statements for its 2nd Quarter ended May 31, 2022.
The cannabis market on the Westcoast has seen a dramatic post pandemic retraction and created a challenging environment for all producer, processors and retailers. With an almost 18% contraction in retail revenues, massive oversupply and increasing costs, the industry has rushed head on into a perfect storm.
“Our systemwide restructuring launched end of 2021, the strength of the Artizen flower brand supported by our amazing independent cultivators, and several aggressive new initiatives have allowed us to be in a much better position than most of our competitors. Q2 financials reflect economic realities from increased expenses as well as a material investment into an aggressive market capture plan. Recognizing the economic headwinds being extremely strong, and competitors struggling, we decided in March on an aggressive strategy to go after market share and repriced in late April the classic Artizen brand at a lower shelf price and implemented an aggressive sales and marketing plan,” says German Burtscher, Pervasip’s CEO & President. “With strong surplus inventory coming out of Q1 the company is using wholesale channels to generate the cash needed to pursue this strategy, albeit at extremely low margins, yet allowing for cashflow positive operations. This is the time when established brands like Artizen show their strength and with aggressive and creative responses take advantage of their brand equity to gain additional market share. In many ways, this is reminiscent of the market contraction during 2017/18.”
The Company is adding key value products to its portfolio and is launching a new craft brand in September. During the last 6 months, the Company also executed on its Korea CBD strategy, launched Artizen Wellness, a global initiative, and added new product lines that are immediately revenue producing and are projected to reach $10 – 12 million in annualized sales by the end of the year, with $2.5 million in annualized revenues already being realized for July 2022.
With additional new product lines coming online over the next 3 – 4 months and further restructuring of expenses, the Company is poised for a positive 3rd and 4th quarter with annualized revenues reaching a conservative $21 million.
“We will also pursue additional restructuring efforts to strengthen shareholder value as it relates to our capital structure,” says German Burtscher. “We will report on those and provide a detailed 24 months company roadmap within the next few weeks.”
Second Quarter 2022 Financial Results
With an 18% general market contraction, and after repricing the Artizen brand at a lower price range and increasing wholesale volume from inventory to generate needed cash, revenue for Q2 was lower compared to Q2 2021. Adjusted inventories added COGs expenses and the Company also chose to reprice certain inventories which added another $225,000 in COGs.
Q2 21/22 Q2 20/21
Revenue $ 3,684,433 $ 4,384,331
COGs $ 3,514,094 $ 2,918,309
Inventory Adjustment $ 394,743 $ (343,246 )
Unadjusted COGs $ 3,119,351 85 % $ 3,261,555 74 %
Unadjusted EBIDTA COGs $ 2,855,647 78 % $ 2,922,695 67 %
Net loss attributable to Pervasip Corp(PVSP) for the period ended May 31, 2022 increased to $(433,279) from $128,915 for the period ended May 31, 2021
Key Highlights
Answering tough cannabis market conditions, the Company has chosen an aggressive strategy to capture market share, projecting several competitors to exit the market and Artizen adding shelf space
Utilizing surplus inventory from increased yields, the Company is generating needed cash through low priced wholesale channels
Additionally, the Company added a new product vertical via a strategic partnership for rollout of $12 million annual vape and concentrates vertical with first brands launched in July 2022
Announced a strategic partnership with one of Canada’s most well-known cannabis companies, Freedom Cannabis, and is in the process of licensing the Artizen brand for rollout in all major Canadian provinces
Launched Artizen Wellness, a non-THC, CBD/terpene focused wellness line that will disrupt the global wellness market
The Company is also pursuing additional operational, financial and legal restructuring to further clean and strengthen its balance sheet.
A reported default on a new lease agreement is being cured and the final arrangement will be reflective of new market conditions
Pervasip Corporation (PVSP)
Pervasip Corp. (PVSP), a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state. Additional information on Artizen-branded products is available online at www.artizencannabis.com. Pervasip(PVSP) additionally owns 5% of KRTL Biotech, Inc., a developer of biotechnologies with a focus on pharmaceutical applications of cannabinol and psilocybin. Additional information on KRTL is available online at www.krtlbiotech.com. Additional information on Pervasip(PVSP) can be found at www.pervasip.net.
Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as may, would, could, will, likely, except, anticipate, believe, intend, plan, forecast, project, estimate, outlook, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s periodic disclosure statements. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
For further information, please contact:
T: 206-590-2408, Extension 102
E: info@pervasip.net
Image: https://www.globenewswire.com/newsroom/ti?nf=ODYwMDk1MSM1MDQzNjk5IzUwMDEwMTE4OA==
Image: https://ml.globenewswire.com/media/OTRiNzFmMDItM2ExYy00M2IwLWE5MTEtZWZiZjE3YzI5ZDE1LTUwMDEwMTE4OA==/tiny/Pervasip-Corp-.png
Image: Primary Logo
Source: Pervasip Corp.(PVSP)
2022 GlobeNewswire, Inc.
Both Berlin and Austin factories are gigantic money furnaces right now. OK? It should be like a giant roaring sound which is the sound of money on fire,” Musk said in the interview with Tesla Owners Silicon Valley, which was recorded on May 30 and published Wednesday.
“Berlin and Austin are losing billions of dollars right now because there’s a ton of expense and hardly any output. Getting Berlin and Austin functional and getting Shanghai back in the saddle fully are overwhelmingly our concerns. Everything else is a very small thing basically.”
Most are back online and producing cars.
post was from late May, 3 weeks ago.
Musk haters selling today, twitter has them in tears
SEATTLE, April 25, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp.(PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced that it will present at the April 27, 2022Emerging Growth Conference and invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation.
Pervasip (PVSP) is pleased to announce that it has been invited to present at the Emerging Growth Conference on April 27, 2022. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s CEO in real time.
Mr. German Burtscher will perform a presentation and may subsequently open the floor for questions. Please ask your questions during the event and Mr. Burtscher will do his best to get through as many of them as possible.
Pervasip (PVSP) will be presenting at 1:00 PM Eastern time for 30 minutes.
Please register here to ensure you can attend the conference and receive any updates that are released:
https://goto.webcasts.com/starthere.jsp?ei=1541769&tp_key=abbe1c785f&sti=pvsp
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and we will also release a link to that after the event.
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.
The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions will be conducted through video webcasts and will take place
yes. picked up 8 mil 17s past few days....keep it going north eveyone.
Will TSLA go up or down after earnings on WED ?
picked up some 17s this am, promising data released.
i converted my 0004 shares at 0040 and starting over again. i was gone when it was higher.
7mil sale at 17 missed my buy at 17 , shows 16 ?
No posts today, no buyers, maybe reentry today at 16s
Tsla can build new EV charging stations nationwide using Pltr technology showing where EV cars are driving.
NEW YORK (Reuters) - Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday.
The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in the company. Rivian, which is 20% owned by Amazon.com Inc(AMZN), is expected to provide the e-commerce company with more than 100,000 electric trucks.
Irvine, California-based Rivian said in December it expected production to fall "a few hundred vehicles short" of its 2021 target of 1,200 due to supply chain constraints, highlighting the likely challenges in ramping up production to take on EV leader Tesla Inc.(TSLA)
Shares of Rivian fell 9% Friday and are down 43% for the year to date. The stock price is down 67% from the high of $179.46 it touched on Nov. 16, less than a week after it raised $12 billion in the largest stock debut of 2021.
02:58 PM EST, 02/03/2022 (MT Newswires) -- Tesla's (TSLA) revenue could become bigger than General Motors(GM) or Ford (F) combined by 2027, Morgan Stanley said in a note to clients.
The firm said it is conservatively estimating the electric vehicle maker's US share to average 3.5% for the full year 2022.
Tesla's US unit share is forecasted to reach 10% by 2026-end and close to 18% by 2030.
Referring to a zero-sum game scenario, Morgan Stanley analysts that Ford and GM will be key "share donors" that will allow Tesla to gain well over 1,000 basis points by the end of this decade.
"For example, we estimate GM's US market share (14.6% in the US in 2021) falls to 14% by 2025 and <12% by 2030," they wrote.
"We estimate Ford's US market share drops from 12.5% in 2021 to just over 10% by 2030."
By late 2026, Tesla's revenue would have surpassed a $3 billion run-rate, which is approximately equivalent to the global consolidate revenue of GM and Ford combined.
The bank gave Tesla a price target of $1,300, with a stock rating of overweight. The company has price targets ranging from $250 to $1,580, with an average rating of hold.
Price: 897.35, Change: -8.31, Percent Change: -0.92
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
great msg and info
ignore this user, same msg to get responses.
5.4 mil at 25 must have be shaker...lol...go shaker...sell at 28
HTSC volume is 5000 shares, TINO is trading up
Hmmm...wonder if PVSP will go in the 20s this week. Where are all the ardent buyers now ? No PR , interest is waning ?
tks for the support MB. PSVP Just put +100k in my pocket, how you doing here? Aren't we allowed to sell for profit or do we have to hold for all the posters?
sherm, yes i'm still here with those shares, been selling at 38 and holding some 2-8s. not as imaginary as you think. Doesn't take much to stop the march upwards when everyone just posts and watches like you. You are still selling the Riss koolade too. I kind of like being called a converter.
People are losing confidence in PVSP, leaving and selling shares, not all are conversions as some suggest. Many are stuck in the 30s now.
HTSC 000 trades today...lol...must have many followers !
now you know why dsherman is the #1 leader in pushing PVSP up !
Mr Greenjeans stopped pushing PVSP and volume is in the toilet !
Where are all those active buyers now ?
Watching paint dry today, Where are all the buyers increasing their positions. RISS koolaid not working?
You have been right about me, I havent posted or bought shares since 2014. All my shares are from long ago when the price was much lower. Not day trading just selling and taking profit.
Sorry sherm, i been selling at 36 , muct be me blocking all your day traders. Dumped 5+ mil this week.
Stuck in 35-36 , need some buyers to push thru 36
Need buyers today to push up from 36. Ready for the rocket !
Lol your cash is much appreciated , buy today at these rock bottom prices , my shares are offered, pls keep buying !
I'm selling, who is buying on this board or are you just watchers ?
I'm back again, still have many shares at 1 ,2 ,4 to sell.
still have 3s but sold you all my 23s
how can you sell at zero ?
accumulated for a week, making money soon ! GLTA
picked up 10 mil 3s......when to sell ? lol