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$CWBHF Pushing Top B Band on Daily Chart...
https://schrts.co/wYHpGmnT
Good news today...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171714251
Lots of good news in this post...
"Congressional Committee Launches Investigation Into FDA’s Decision Not To Regulate CBD":
April 18, 2023
Hey MADDSTACKER, good to see you. I added again yesterday too on the good news. It's super cheap right now. I STILL only have one post per day on this board, so I'll respond to you, Fangster, and GEJim all in one. A variety of stuff below...
Fangster- I also didn't expect an additional cash($10Mil) infusion from BAT this soon, but it's great to see both their investment and their motivation to see the FDA drug approval get through to the finish line.
GEJim-Good catch there. I don't think I noticed the Epidiolex connection through Orrin Devinsky in there before. CW is now GW2.0+. All the people and pieces are together here now for a masterpiece full spectrum prescription botanical cannabinoid drug derived from patented genetics.
https://www.ajnabiosciences.com/about-us
Exact reproducibility of each batch of a full spectrum cannabis-derived drug would not be possible without such reproduceable, well-established, and well-documented plant genetics. Check pages 22-23 of the 10-K for the full list of plant IP...
"Multitasking" for me just means, "I'm distracted by my phone, and had too much coffee, but I'm trying" lol. IMO, these guys need one of their cannabinoid-cancer-patents approved and announced, and then real funding will show up, and they can fill those daily gaps at .27, .51, and .56. They have some nice cancer screening IP, but have any of the cannabinoid-cancer patent apps been approved yet? IMO, those will be what can get the price back up.
Page 20...
I think they already tried to convert at .35, which is why it says, "a portion of the loan converted", but it was so thin after the RS in spring last year that it just fell right thru and was only near .35 for a very brief time if you look at the candle on the daily chart on January 30, 2023...
Daily Chart
https://schrts.co/bVYCrqmK
Don't get me wrong guys. I wasn't trying to poo poo the stock by posting the note holder terms. I was just helping to complete the DD. The March balance of the note was not huge but could do damage if converted at low prices based on VWAP. It would probably benefit everyone for the stock to just go back up. If they can get it back to .35, and still only have a ~$3-4mil market cap with an ~8mil float, that's still tiny, and it could go on from there with the right news. GLTA
Here we go!... "Charlotte's Web forms Joint Venture with BAT and AJNA BioSciences to Seek FDA-Approval for Proprietary Full Spectrum Hemp Extract Botanical Drug":
https://investors.charlottesweb.com/press-releases/press-release-details/2023/Charlottes-Web-forms-Joint-Venture-with-BAT-and-AJNA-BioSciences-to-Seek-FDA-Approval-for-Proprietary-Full-Spectrum-Hemp-Extract-Botanical-Drug/default.aspx
This would be an industry first as not even Epidiolex is full spectrum. It is only CBD isolate.
Back of napkin calculation here, but if the stock went back up to that price of .35 and the remaining balance of $1,275,000 converted at .35, it would add like 3.642million shares to the OS and Float. The total OS would be like 8.6million, and the market cap would be like $3,010,000. The lower they convert though, the more shares it takes to get paid back from the alternate conversion terms, and the more shares it adds to the OS.
At least I think it is the correct note because it is the same amount of $2,750,000. People may want to confirm that those terms are still the same. I'm multitasking today and haven't checked thoroughly.
IMO, you gotta include the whole convertible note in the market cap and OS even though the holder is maxed at 9.99%. I think the big drop was because there were just too few buyers around after the RS while the holder converted and sold into the bid as fast as possible.
A note holder shouldn't be holding that large of a percentage of shares. They usually dump immediately if the buyers are there. Since there were only a few buyers around, they dumped only what they could, while converting as much as they could. Now, I say they will keep selling from their 9.99% and then convert more shares based on 30day VWAP, before another round of selling. Basically, even though they have maxed out their conversions, they will oscillate between selling and converting until they are done, if buying volume is around.
I haven't taken the time to calculate, or even estimate, the fully diluted OS yet, but IMO, that's the OS that you would ultimately have to push back up to those multi-dollar levels, which could be achievable if they have some good news or maybe get some more patents granted etc. Once the note holder is out of the way, the float should still be pretty small. IMO, the question is...at what price will the note holder finally convert and sell everything and just go away? Gotta look at the terms more closely to maybe see. Balance was $1,275,000 on 3/23. Here is a bit more info from the 10-K... I'm not sure how many of the three tranches have been issued...
"Charlotte's Web Appoints Andrew Shafer as Chief Marketing Officer":
APRIL 04, 2023
Hey Fangster, on 2/27, you said...
Why did the Department of Defense post a job offering for "covid-19 research" over 3 months before anyone had ever heard of "covid"? Why did the DoD award a contract to Labyrinth Gold Health on 11/12/2019 for "covid research"? Why did the DoD sign an $18million Federal research contract with "Metabiota", in Ukraine?
Metabiota was started with the help of "Hunter Biden"
"They were researching Covid where?":
https://www.youtube.com/shorts/LDvTVSyttR0
Yes, I am curious to see how much inventory and raw material they keep around or toss.
Yeah no, it was an error. I contacted their investor relations and they fixed it. Sometime recently it changed to say par value of $1.00, and I thought there might be some kind of filing to follow, but it was just a typo...and has been changed back to "no par value" now...
https://www.otcmarkets.com/stock/CWBHF/security
"The Effects of Long-Term Self-Dosing of Cannabidiol on Drowsiness, Testosterone Levels, and Liver Function":
March 22, 2023
Yes in British Columbia. For the longest time it said no par value on CW's OTC markets share structure page, and it definitely says no par value or nil par value in the recent 10-K, but recently(2023) when the share structure was updated on OTC markets, the par value changed from no value to $1.00. Maybe it's an error? CV's has always been .0001 I think.
Fangster, I probably should have asked you. I believe you have a financial background. Maybe you know the answer to my par value question?...
Jim, I'm wondering if you may know the answer to this...While comparing CVSI and CWBHF, I noticed CVSI's par value is .0001, while CWBHF's par value is $1.00 with a very similarly sized share structure. I know par value usually doesn't mean much, and please correct me if I'm wrong here, but does that mean that CWBHF can't issue shares for cash below $1.00 without having a direct liability to shareholders? Also, CWBHF expects the BAT shares to convert even at the "high" price at which they were issued (~$1.50USD, conversion price of C$2.00 per common share). At what price(s) do you think CVSI's future conversions will take place?
https://www.otcmarkets.com/stock/CVSI/security
https://www.otcmarkets.com/stock/CWBHF/security
IMO, that's not a very good analysis of CVSI vs CWBHF. Neither is the CVSI board's analysis of the BAT+CWBHF deal. BAT can add CWBHF shares at any time, and BAT must maintain a certain ownership percentage to keep their brand-new position on the BOD. See the "top-up rights". BAT utilized their "top-up rights" with OGI to add $6.3mil after their initial investment.
https://www.prnewswire.com/news-releases/charlottes-web-appoints-jonathan-p-atwood-to-its-board-of-directors-301772142.html
https://www.businesswire.com/news/home/20220228006194/en/BAT-Exercises-Top-Up-Rights-to-Invest-6.3-Million-Resulting-in-an-Increase-in-Equity-Position-from-18.8-to-19.5
Well, "MLB" is mentioned 180 times in the 10-K, so no one has to guess anything about the deal. There are some excerpts below. Furthermore, the company already stated on page 28 of the Q3 report that the cost of the deal would be materially funded for through other expense savings....
Agreed. I noticed some years ago that the Stanleys had an entity called Stanley Brothers Bio-Tec, but I think that is what may have become AJNA. The part about CW licensing their IP into a biotech partnership and partnering on an IND pathway for FDA approval of a botanical drug sounds like a preliminary explanation of how they will fit together with AJNA as AJNA is purportedly aiming for "the first FDA approved full spectrum cannabinoid drug"...
https://www.ajnabiosciences.com/our-work
https://www.ajnabiosciences.com/about-us
I think they are now set up to be able to have progressively better Q1 and Q2 reports. It's great they've received every dollar of the $11mil federal tax refund. With $67mil in cash now they should have a lot of options going forward.
I also liked hearing about the Wynn Hotel deal in the conference call. The hotel realm should go together well with CW's spa/massage side of the business in CBD Clinic...
https://cbdclinic.co/
A few other things below...
Here is a quick little video where I overheard something I probably wasn't supposed to hear:) Listen just after the 1:45 mark in this MSM news story to hear what else this guy was taking besides $5 dog dewormer when his cancer magically disappeared...
"OKLAHOMA MAN CURES HIS CANCER WITH DOG DEWORMER (AN ANTI PARASITIC) AFTER BEING SENT HOME TO DIE":
March 24th, 2023
https://www.bitchute.com/video/edpQUlD320zo/
Congress is finally making cannabis moves in Washington D.C. including 280e tax relief, which is a good sign for the future of the entire U.S. cannabis industry...
"Congress lets DC cannabis expansion proceed (Newsletter: March 24, 2023)":
Yeah L-O-L, Dowling held onto it for quite a while (almost 3 months) just so they could release it when CWBHF reported. How lame haha. You'd think from the patent announcement lawsuit settlement they would have learned their lesson about playing games with patent announcements to manipulate shareholders, but nope, same old games...
A few things below...
We have bill numbers now...(HR 1628) and (HR1629)...
HR 1628 has been submitted with 4 cosponsors. The CBD Product Safety and Standardization Act (HR 1628) directs the FDA to regulate CBD as the agency would for other food ingredients, setting requirements for quality and labeling, among other areas.
https://www.congress.gov/bill/118th-congress/house-bill/1628?s=1&r=3
https://www.congress.gov/bill/118th-congress/house-bill/1628/cosponsors?s=1&r=3
HR 841 is now HR 1629. HR 841 had 45 cosponsors, and H.R. 1629 has been submitted with 12 cosponsors to start. The Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2023 (HR1629) would make hemp, cannabidiol derived from hemp, and other hemp-derived products lawful for use as a dietary supplement unless otherwise directed by the FDA.
https://www.congress.gov/bill/118th-congress/house-bill/1629?q=%7B%22search%22%3A%5B%22hr1629%22%5D%7D&s=1&r=1
https://www.congress.gov/bill/118th-congress/house-bill/1629/cosponsors?s=1&r=1&q=%7B%22search%22%3A%5B%22hr1629%22%5D%7D
Interesting article about the idea of suing the FDA over CBD. IMO, our two new bills are the best route...
"Suing FDA over CBD would face procedural, substantive hurdles":
Mar 16, 2023
https://www.naturalproductsinsider.com/regulatory/suing-fda-over-cbd-would-face-procedural-substantive-hurdles
"GOP Senator Wants Bankers To ‘Unleash An Army’ Of Lobbyists To Help Pass Marijuana Banking Bill":
March 21, 2023
https://www.marijuanamoment.net/gop-senator-wants-bankers-to-unleash-an-army-of-lobbyists-to-help-pass-marijuana-banking-bill/
Two new speakers have been added to the lineup at next week’s #ABASummit in DC.@SenateBanking @BankingGOP member and #SAFEBanking Act co-sponsor Sen. @SteveDaines will share his perspective on the bill as well as current issues facing the banking sector and policymakers.
— American Bankers Association (@ABABankers) March 16, 2023
For any lurkers, here are some Press Releases of note over the past 6 months or so, as well as the original PR from 2021 regarding the Stanley Bros marijuana company acquisition option set trigger in the case of rescheduling or possibly SAFE Banking, but I believe the exact terms of the option may have been updated since the original PR. Also included is a video of Jesse Stanley announcing the CWBHF+MLB partnership on MLB.com and an interview with the CEO. Share structure has been updated at the bottom as well...
https://www.charlottesweb.com/
https://www.mlb.com/video/stanley-on-charlotte-s-web-cbd
https://finance.yahoo.com/video/charlottes-partnership-mlb-not-traditional-210707999.html
https://investors.charlottesweb.com/press-releases/press-release-details/2023/Charlottes-Web-Appoints-Jonathan-P.-Atwood-to-its-Board-of-Directors/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2023/Charlottes-Web-Appoints-Marcel-Bonn-Miller-Ph.D.-as-Chief-Scientific-Officer/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Appoints-Jessica-Saxton-as-Chief-Financial-Officer/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Appoints-Digital-Marketing-Executive-Alicia-Morga-to-Board-of-Directors/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Announces-US56.8-Million-Investment-from-BAT/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Signs-European-Specialty-Distributor-Stark-Foods-International/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Enters-Strategic-Alliance-with-Tilray-for-Manufacturing-and-Distribution-in-Canada/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Major-League-Baseball-and-Pioneering-CBD-Brand-Charlottes-Web-Strike-Groundbreaking-Deal/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Full-Spectrum-Hemp-CBD-Products-Launching-Nationwide-on-Gopuff/default.aspx
https://investors.charlottesweb.com/press-releases/press-release-details/2022/Charlottes-Web-Signs-Distribution-Agreement-with-Southern-Glazers-Wine--Spirits/default.aspx
https://investors.charlottesweb.com/press-releases/2023/default.aspx
https://www.prnewswire.com/news-releases/charlottes-web-positions-to-enter-us-cannabis-wellness-market-301239203.html
https://www.stanleybrothers.com/our-brands
https://www.stanleybrotherscannabis.com/
https://www.recreatecannabis.com/
Share Structure
$CWBHF- Market cap is less than cash on hand($60mil+). Reporting on 3/23. Partnered with Major League Baseball with season starting on 3/30.
MLB owns 4% of CWBHF.
Currently trading at 30 cents.
Daily Chart
https://schrts.co/VAsZFVVq
"Share Structure":
"TWO PIECES OF LEGISLATION TO CREATE PATHWAY FOR CBD REGULATION
Bills Would Regulate Food and Dietary Supplements Made with CBD":
Friday, March 17, 2023
https://morgangriffith.house.gov/news/documentsingle.aspx?DocumentID=402806
‘‘Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2023’’:
https://morgangriffith.house.gov/uploadedfiles/hemp_and_hemp-derived_cbd_consumer_protection_and_market_stabilization_act_of_2023.pdf
‘‘CBD Product Safety and Standardization Act of 2023’’:
https://morgangriffith.house.gov/uploadedfiles/cbd_product_safety_and_standardization_act.pdf
"Treasury Secretary Says Regulators Are ‘Looking For Solutions’ To Marijuana Banking Problem As Schumer Recommits To Addressing The Issue"
2 hours ago on March 16, 2023
Doesn't matter...there's really only ONE bank...
"Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors":
March 12, 2023
Lenders be lending..."JPMorgan Says Fed’s Loans Will Provide $2 Trillion of Liquidity":
March 15, 2023 at 10:45pm
Yeah, that was a pretty good one. Good guest with well formulated opinions. Thanks.
See?lol...Bailout!"Swiss National Bank says it will provide Credit Suisse with liquidity if necessary":
WED, MAR 15 2023 3:27 PM
https://www.cnbc.com/2023/03/15/swiss-national-bank-says-it-will-provide-credit-suisse-with-liquidity-if-necessary.html
Central Bank Bailouts are a Central Bank's favorite thing to do!
It's obviously a fake banking "crisis". Just use basic logic. If the reserve requirement for banks was lowered to ZERO in 2020, then there is clearly no obligation for them to be ready to pay out cash for everything at any given time, by definition. The media is just whipping people into zombie mode when we all already know the FED is gonna put everything where it's gotta go. That's what they WANT to do. That's their business model. What they want more than anything is to just issue directly to YOU and I and everyone and everything with their CBDC. There is no crisis lol. Just a story and some reactions.
As a young guy, I always used to say the tetanus "vaccine" was bullshit, and it is. The basic reasoning behind it never made any sense, especially when they would say you better get a tetanus "vaccine" right AFTER you got poked by a rusty nail. That never made any sense.
"HAVE YOU EVER WONDERED WHAT THE TETANUS VACCINE WAS FOR?":
https://www.bitchute.com/video/qWpLD6BrVQTS/
It's a massive buying opportunity IMO. NEWS and chart below.
Daily RSI is at 20. Today, we just dipped below what I had marked as a long term trend line for bottom(connecting bottoms from May2022 and September 2022). They report on March 23. MLB season opens March 30. A CPG pro from BAT just joined the BOD in a PR no one posted yet from yesterday late afternoon. They have over $60mil in cash. Market cap is less than cash. Fully diluted market cap is a bit higher but includes MLB's 4% ownership. Revenue will be less than last year, but their net numbers will be better IMO. There is always someone pushing the price down leading up to CWBHF's financial reports, but whichever ETF(probably the one that owns the most) has been manipulating us down to these levels this time should be really ashamed of themselves. Well, I got some cheapies yesterday and today, so I'm betting we head back up not too long from now. Hang in there buddy. I know this hasn't been fun lately.
Daily Chart
https://schrts.co/bfeKbzVy
"Charlotte's Web Appoints Jonathan P. Atwood to its Board of Directors":
MARCH 14, 2023