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"By providing a Hemp-Derived Complexx© free of CBD and THC, more companies can place the product without the regulatory hurdles currently present in the market."
So a CBD company that has focused on building compliance formulation for the CBD industry is releasing a hemp cream with absolutely no CBD in it and investors are supposed to be happy because it's one of the millions of skus competing on Amazon, including with Amazon. Yeah this is basically the white flag for this company
It's not just him. The "IR firm" posted a pump-esque article for another firm altogether in the edxc chat (maybe another one of Todd's pumps) I/q/s/t the ticker. Got taken down and when I brought it up I was offered a gift basket of product (that never got shipped out either). This was may of last year.
Todd please just sell the company and whatever infra you've built so far. If anyone gave half a crap edxc/CBD unlimited would actually be a solid brand. .55/share buyout would be a blessing for shareholders at this point
Highlights and my opinions from Todd's FB-live:
1. (the negative) Don't expect Q4 fins to look amazing and probably a dip back into the .04s is more likely than a push back into the teens.
2. The distributor is giving EDXC products a little more attention as they try to push it into gas stations and fast-counter shops to get to the 20,000 brick & mortar target because of the margins
3. The buildout to be acquired by a (maybe) Canadian firm makes more sense because of the brand building EDXC has done + Jamaica's buildout will be attractive since many of Canadian companies "left 20Million on the table" and walked out of Jamaica.
4. The major celebrity is a current/recently retired athlete that the 50-90 year olds will know. My thoughts are Michael Phelps or Usain Bolt but I feel like they would already have CBD endorsement deals by now. If not those two I'm hoping Dan Marino. If it's "The Big Hurt" Frank Thomas I think EDXC needs to fire the entire marketing team :)
https://uk.finance.yahoo.com/news/aphria-to-buy-nonpot-american-brands-ahead-of-us-election-analyst-184530537.html?guce_referrer=aHR0cHM6Ly9jb25zZW50LnlhaG9vLmNvbS8&guce_referrer_sig=AQAAANwW6AdB0GAPXLeFCePNJDi42pDnljwQb2SVxeohvLzbR9tKwvZETwv2pvAlwt-sK9Q_PqdWcRGMcrmmJx6wmy_Phg3JEEXz3GZmW_FlCB5azNWm_2_kuWETEIBmGDfpPcKm_n7CuIXqxgGUs84oznjJ1LeDI4jMrjgmrIvnzMA2&_guc_consent_skip=1597797482
"Simon told analysts in late June that edibles, beverages and topicals are among the next cannabis 2.0 products the company expects to launch. Faes said cosmetics or pet health acquisitions are possible if Aphria chooses to look beyond food and drinks."
C'mon the synergies are all there. Todd & Dustin should make it happen because the share count, no uplist yet, and "lifestyle brand" acquisitions aren't doing it.
I did. Out of curiosity mostly
If I'm being honest it kinda comes off a little MLM scheme-ish. Specifically around being a social media ambassador, bringing awareness to new investors, etc. I could be wrong and missing the point completely but dilution and these recent acquisitions got me squeamish.
Facebook page is taking questions for a Q&A take the opportunity to grill Todd much as possible.
I already posted a question about reliva's buyout and how edxc's store footprint is similar.
Yep. All stock offering https://www.cnbc.com/2020/05/20/canadas-aurora-cannabis-makes-a-cbd-deal-to-enter-us-market.html
Didn't you have the infrastructure build out theory few weeks ago? Im hoping its Aphria that buys us out but they already got a foot in with Green Growth.
Bringing Dustin in was smart, got things in the right direction but this one is a head scratcher for sure.
Check out kushwear.net and search Charles Mohr on LI
What I found was an elementary school teacher with about a half dozen other "hustles" including this one which right now is essentially a T-shirt company.
On Kushwear's Public Announcement side of the site site they list as being acquired by "Endexx Corporation" smdh....the Landing page has Mohr in his own muscle tee as the main model for his own brand.
Todd did say 2020 was about execution and players that don't execute will go under. Really really hoping he wasn't talking about himself cause if we're diluting for a t-shirt company... Jesus Christ ??
You're probably right. My takeaways -
Dustin used his influence and connections to get on the shelves, see the project through,figure out where/how to market the product on the shelves. Take that data and any positive outcomes and recreate that at Target/Walmart/CVS and maybe we can see a big uptick.
Still a big name to have on your website that you're in business with a legit chain as opposed to just a mom/pop convenient store or even just a dispensary.
Still don't know the details of the deal (consignment? Margins on the wholesale/retail part?) But maybe the next deal cycle things can change as costs come down and margins improve for everyone.
Just my opinion though
Seeing that Walgreens logo in the back has me feeling really good about what's going to be said for all of Wall st to hear
Photos?
Spot on lump. The revs themselves aren't so much the issue,it's the lack of transparency in how these inventory numbers translate to future revenue given that pr after pr was about how sales are ramping up, sales teams being hired, purchase orders coming in etc....and then they deliver a lackluster report.
Long as Todd stays silent this thing has no reason to not drop back to .04. I saw the 2014(or was it 2013?) Run from .02ish to .32 and same issue. No communication or worthwhile update from Todd and it fizzled back to .04
Man on a day where my APHA shares shine, EDXC is a drag. In April it was completely opposite. One thing Apha doesn't have is a pet product partner. I can only hope.
Thanks dos, maybe if we can get an admin to sticky that would be awesome.
Apologies all.
Article mentions Walgreens followed CVS lead to pull products. Anyone got a pilot stores close by they can snap a photo to see if our stuff is still there? Preferably with a copy of your local news paper with today's date on it?
https://www.globenewswire.com/news-release/2019/03/18/1756258/0/en/CBD-Unlimited-Announces-Completion-of-FDA-Label-Review-and-Vendor-Applications-for-Entrance-into-Pharmacy-Food-and-Mass-Retail.html
The article you were referring to in case everyone else didn't see. Curaleafs lack of due diligence with the FDA is their loss, and could potentially be our gain. Exactly what Todd and Dustin had predicted.
Question for the board - anyone think this new CBD beauty line is causing some dilution putting us in this down pattern between .30s and .40s? We always seem to hit resistance around .40-.42 and haven't been able to climb back
The bright side - Thicc Vic wasn't the only bad actor in the space and Apha moved him out early. With everyone in Canopy seeing the same/similar shit over again I'm counting on the market to bring dollars back here because Apha has the edge on competitors and already went through these dirty exec growing pains
They won't have Irwin out there to come fix their business tho ;)
All my opinion, glta.
I agree
This is probably a close to an official Walgreen announcement we are going to get until earnings. I'm fine with that, and it's nice to see news outside of findit.com and the weak fb page
If anyone in these pilot stores can get a conversation with a store manager and get some details of how much margin they're setting with cbdu brands vs competitors that's a huge piece of Intel we could use to reverse engineer next Qs #s
This is definitely tough to watch tho...
Figured .30-.32 would be the right support level until news/fins but damn...
I'm not sure if this was a change but a nice nugget of info I found (maybe already known)
"On February 5, 2019, we entered into an Electronic payments agreement with a major store chain, in
conjunction with purchases made for sale in their chain of stores. This agreement is in conjunction
with a General Trade agreement that is forthcoming. This agreement is to facilitate the payment of
our products in the retail stores. And is valid for a monthly basis unless terminated with a five (5)
days written notice. (see note 7)."
And then on note 7-
"Received Purchase orders commitments
In conjunction with the payments agreement in Note 6, we received on April 6 the first purchase orders
for products for a Major National Chain of stores, for approximately wholesale value of $1,659,120 and
an inventory commitment of approximately $365,006, representing approximately 54,000 units of
product. Since then we have shipped the initial orders of approximately wholesale price of $568,800,
and will fulfill the remaining purchase orders in the following quarter."
Someone has to do the math for me, but 54,000 units = 1.6million dollars? if it truly was 7.5million units per the PR, that's an insane amount of revenue for EDXC.
Pumps like this are exactly what we do NOT need
I'd rather let Todd, Dustin, and the fins speak for Edxc
Thanks cuz. Awesome that it sold out, wondering why there isn't any more coming in. I can't see Todd committing the lion share of that 7.5 million products to a brick and mortar over Amazon.
Someone had posted a link to the Amazon page. When I search "CBD Unlimited" or "Hemp Unlimited" I'm not getting anything in the search results.
Took all my .05s and .04s off the table kicking myself for not holding through the pull back but saw myself being piggish if I didn't. Now I'm back in at mid .50s
Yep, I was one of them! This could bleed for another week before it's oversold and another news cycle starts it back up imo
I have to agree with you. Earnings, rebuttal (or lack thereof), or green growth takeover BS won't be a catalyst tomorrow. What will be exciting is having a full Quarter of global sales for the next 3 months.
I have buy orders set for 6.19 and even one for 5.99 if we drop that far. All my opinion, glta
Out @ 6.79 waiting for the pull back to 5s
Respond with "but there is a deadline....and it past over a week ago, so I must ask again when are they wrapping up?"
Starting to bounce off the days low. I'm holding with a cost average in the 70s, wanted to trim the position when it was around 120 now I'm thinking add before the next quarterly report.
Combo of Wall St jitters and that piece from Kali-extracts about how their product is superior to that of GW? You do have a pretty good batting average, so far.
I'm thinking sooner if farm bill/states act hits trumpito's desk before Xmas.
Couple big sell blocks. Thoughts? Citron research trying to get ppl in for the next short attack?
"The report makes reference to the Company's LATAM acquisition which closed on September 27, 2018. In connection with this transaction, the Board of Directors of Aphria confirmed that it received financial advice and a fairness opinion from a reputable firm that the consideration to be offered by Aphria in respect of the transaction was fair, from a financial point of view, to Aphria and its shareholders" - Aphrias response.
Even if it wasn't criminally negligent, buying a bunch of assets because "someone said it's a good idea" speaks volume of Management's decision making process. Took a small loss here, but gained a big lesson.
Any thoughts on how this name change affects the other parts of the company like m3hub/technology piece of edxc? Idk the rebranding is giving me a pause because it seems like Todd is all in on the consumables and it would suck to hear the technology piece is being cut down/off
Looks like the tlry halt didn't bleed here too badly