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CVSI generated 12m last qtr. If this can book at least $15m this qtr then this stock can hit $15. No doubt. Waiting for Nov 15th.
I'm little disappointed that DEA didn't reschedule CBD and hemp bill stuck for the time being. Still think $15 by Nov possible. This company growing 100% in a fastest growing sector. Profitable.
Run Baby. Run.
He will eat his words when this get uplisted.
BadKarma - There are many short sellers here. Monolith - for example. Many people follow him because of his credibility.
You don't have credibility. You just post non-sense.
That's what I told. Do what works for you. I'm taking big risk here. Let's see who will win. Nov 15th is the day.
Well, it's your and Ania's strategy. My strategy is different. And, it worked out very well for me so far. Do what works for you.
okay. I'm not expert in predicting the stock movement. I can read balance sheet.
Adding here. Can't ignore the bargain price.
Just a hunch - GWPH lobbied big here.
My head is spinning with this absurdity.
GWPH Epidiolex is nothing but CBD. How can CBD be schedule I ? I wonder if GWPH is behind this decision.
DEA proved how ignorant and stupid they are.
Tomato Juice is Schedule V but whole tomato is schedule I. Yeah, got it.
Ok, I misunderstood your post. I thought you meant to say that big MJ companies will get into CBD business and it will affect CVSI business.
Took a starter position. Wish if I had found this few days back.
Why do you think if other MJ growers get into hemp/CBD business will affect CVSI ? Aren't there enough competition now ? There are bunch of companies producing/selling CBD even now. CVSI managed to beat the competition and growing 100%.
Thanks a lot mate. That's all I wanted to know.
Vision is the art of seeing what is invisible to others.
~Jonathan Swift
Charlotte's Web had 40m sales last year. It's mkt cap today is 1.3B. CVSI will do ~50m revenue this year. Mkt cap today is 450m. Both companies are in same space. Can someone tell me why CVSI so undervalued ?
Thanks.
Found this stock yesterday. Looks great. One question - anyone knows when 50m restricted shares get unlocked ?
You have every right to be concerned. But, if you are concerned then you should be trading this not holding for long term. If you are holding this for long term then you should be confident and hopeful about your investment. Not spreading paranoia.
Thanks Doctor. That's good to know. So by next Monday we should have some news.
Mike - Class action lawsuits are common in the industry. It's just business for law firms. Even Google, FB etc faced class action lawsuits. What happened to the stock price ? Nothing. Most lawsuits are fake. No basis. In CVSI case, there is no case at all. These are temporary set backs. May continue to appear as stock price goes up.
I don't think about lawsuits. I think about revenue growth, sector catalysts,management actions (insider sells) etc. We will see double digits SP next few months. I may be wrong on my judgement and lose my profits but that's okay. It's part of life. No problem holding this for another few years. This company is growing 100% in a fastest growing sector. Great management.Profitable.What else you want ?
Ultimately buy/hold/sell should be your decision .
ah, ok .
They did $12m last qtr. Its reasonable to expect this qtr revenue will be $15m - $18m and yearly revenue ~50m. Charlotte's web last year revenue was ~40m and mkt cap is $1.5b.
Apparently DEA forgot the laws. As per law, they should reschedule FDA approved drug within 90 days. They haven't done yet. What a pathetic organization !!!
Have a little patience. This is long term play. If are a good trader then you can trade. Otherwise, best option is buy and hold.
Exactly.
May be or even $2.50 range. Question would be how long it will stay there ? Haven't we seen that range recently and what happened next ? Sector catalysts, company fundamentals eventually will trump everything else. If you are waiting to buy at that range then you should wait. But if it does get uplisted then you will miss the boat.
I would rather be hopeful than sorry at this point. I think this will trade around $15 by November irrespective of where it is traded. Just my opinion. Not trading advice.
I agree. If FDA wanted to enforce some laws, they would have already done so. Key thing is that CBD manufacturers don't advertise CBD health benefits on the label. CVSI doing great job there.
Just hang in there. See how this will turn out. Election is one of the most dirtiest businesses I ever seen. Impossible things happen before the elections.
You will need to understand the politics. It would be political suicide for both parties if the bill doesn't pass by Nov mid term elections.
Saw that too. How long ? Common Sense tells me it's going to pass. Some delay ? For Sure.
Either approval or denial - we will come to know next week. That's based on my research how long it took for other companies to get the decision.
If this can show fraction of TLRY movement, at least $10 ? I'm dreaming but it's possible.
Barbara Carreno, a public affairs representative for the DEA, recently told Business Insider that the agency has 90 days to put CBD into a lower classification. The change is already in progress.
https://www.forbes.com/sites/mikeadams/2018/07/10/is-dea-being-forced-to-reschedule-the-cbd-compound/#59bfa9c71810
Tomorrow is 90 days since FDA approved GWPH epidiolex. Get ready for next week's action.
Few other companies uplisted to NASDAQ this year. Most of them took 8-10 weeks. Based on that - I'm expecting decision next week.
I think tilray's parabolic movement is because of share structure, nasdaq and couple of good news - like export to Germany and US.
With 150m+ float, SRNA reaching $1 is going to be difficult, if not impossible. Some extraordinary news can get there.
Short term - 40 - 50 cents possible.
My prediction for next week
NaSDAQ listing .
DEA CBD ruling.
CVSI - $10.
Buying as much as I can.