$ TLRY
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Has anybody emailed about the Florida fees? Just a thought as to why it has not been reported yet. . .licensing fees might only be collected once total yearly revenue for those licensed labs is known, so may only show up on the final ‘fiscal year’s’ Q, the upcoming one. . .
Company classification as an ‘emergent company’ with all the financial liberties it brings leaves me thinking this is being run a little crooked.
They have about a month for reduction of A/S from their statement from last September if I remember right. If it happens I will try too add but that’ll be my litmus test for either adding or holding. This taking a dive off the $1 cliff sucks but will reverse if things play out for this fall/winter
Just as frustrated here! in an emerging space like cannabis decreasing revenue with labs having been added since last year makes no sense! So much for that revenue estimate for 2018 that was thrown out there last year
More labs, less revenue. . .plus a long list of loans converting to shares quarter after quarter. Looking bad here, I’m starting to doubt having put dollars into this now. . .
What I don’t understand is why they tally up class A, B, C, D shares still?!? I thought the whole point of the R/S was to nullify all of these? Anybody know about these?
August is typically the worst performing time for MJ stocks anyhow. Once they tighten up the A/S from 1 billion to 100 mil in the next month or so we’ll see this change direction. I remember getting into organigram at this time 3 years ago when it was 30 cents & there was all sorts of speculation about it being a real business, bashers, etc & a year later it was a 10 bagger. I just wished I had bought more. Same thing will happen here. . .price dip on minuscule volume I wouldn’t sweat.
My guess is Evio required a foot hold in Canada in order to apply for CSE listing. Canadians are able to trade MJ stocks with RRSP account money from what a friend told me so the investor pool is much larger than for Evio as an otc stock solely. With 19 mil tradable shares, not sure how many they’ll list but won’t be many, this will be a powered keg waiting to go off. It’ll be comparable to ISOL or Aurora like Carter mentioned.
Technical indicators have this in a -ve slope. Wish I would have known more about chart technical earlier this year, I would have held off to buy but hey, learn as you go. Technicals have this potentially hitting previous low before rebounding. When they reduce the AS to 100 mil that should boost this above a buck again for good. Till then it'll be the buy opportunity everybody whished they pulled the trigger on in December.
@ Tar: How about SNN and ISOL
Any chance you can do a comparative analysis of evio vs Canadian MJ companies? Since they are planning to list there shortly. There are some that are valued at 100s of millions market cap with less revenue than evio. Them listing on the Canadian side could be raise valuation I think
Hopefully this is Evio's Massachussettes lab . . .
https://www.nbcboston.com/news/local/No-Applications-for-Marijuana-Testing-Delays-Recreational-Sales-in-Massachusetts-488009921.html
Anybody have additional info on the Canadian potential listing? They will raise $$ I take it for the listing they can use for expansion? Also wondering how it will affect market cap etc on the already listed otc EVIO shares
This is all that I managed to find on this
https://www.otcmarkets.com/stock/EVIO/news/EVIO-Inc-Announces-the-Filing-of-Preliminary-Non-Offering-Prospectus?id=196968
Did these guys give a date for listing on a Canadian exchange with the acquisition of the Canadian lab?
Pretty thin so far today.
I will do the same with my shares then my friend. No more shorting my shares by the MMs
That's how the MM's rip off the little guys. IE us. They de valuate the stock with a fraction of the shares it took to raise it, skimming dollars that the small investors raised using hundreds of dollars. Leaves kind of a sour taste when you think about it.
Well, we probably as a board have anywhere from 5-10% of the float. I wonder what would happen if everybody on the board put their shares for sale at 5 or even 10 dollars lol. You think the money greedy MMs would be left covering??
Thanks bud!
Wondering where the daily technical charts were from that are no longer available. Was a fan of those. Could somebody please PM info as to where to find them. Thanks in advance
Not sure how cross listing affects companies so hoping someone that's got a little more info could chime in but how would cross listimg on the canadian exchange affect market cap, valuation etc. for EVIO?
LOL, definitely no shill. Just an investor that's long on the idea of an expanding company in the regulatory lab business of testing marijuana in the US and Canada my friend.
Although if EVIO is looking for somebody to push their online exposure in place of Networkwirenews or whatever that garbage company was I can definitely do a better job and shill for a few more EVIO shares
I'm sure they'll clarify this in the quarterly coming up, with the wording a date isn't really clear. A lab that's up and running shouldn't take till 1 Oct to get new equipment operational. That doesn't sound right to me so I'd probably say July 1st is the more likely time for this to be up and going.
Tar you sure its calendar year? Evio works 1st Oct - 30 Sept for their fiscal year so end of 'evio's fiscal 3rd quarter' would be beginning of July. . .
For sure, actually after looking into the 4 alberta labs the one at the university of alberta looks to be more of a research based lab, not one thats currently testing commercially available medical cannabis. So it looks like it'll come down to 3 labs really to work through the brunt of recreational testing as it stands now. 130 mil divided 3 ways for testing is a whole lotta green my friend
; )
Keystone Labs is one of only 4 labs currently allowed to test cannabis in the province of Alberta.
https://www.canada.ca/en/health-canada/services/list-licensed-dealers.html
Alberta expects to get approximately $26 mil in tax revenue once it's legalized:
http://www.cbc.ca/news/canada/calgary/cannabis-revenue-alberta-1.4591467
Let's throw out a ball park figure of marijuana tax being 20%, then that gives us a rough figure for total cannabis revenue in Alberta of $130 mil ($26 mil/ .20). Meaning Key stone labs will be one of only 4 labs currently allowed to test for over $100 mil worth of marijuana products that will be sold. . . .that's a pretty big pie slice right there IMO. . . .
EVIO long$$$
Between July - Dec 2016 they acquired 3-4 labs in Oregon, can't remember exactly, and the share price of SGBY at the time went from .003-0.055. It was about a x15 price spike that happened. I know because I got a good chunk of shares on the drop at the 2 cent mark.
Agreed, seems to be holding between $1.20-$1.30, just above a couple of the long term moving avgs. To me thats a good sign. With expansion we'l probably get a 4-5X pop from this price point guarenteed, brothcheld calling for double digits, maybe we get it with the Nov. election run up that will no doubt happen with this one
; )
Well according to what they keep on releasing they're on track to double & add another 9 labs this year. They pretty much got 9 months now to deliver so a lab a month ??
I am almost positive they wont bring the AS down below 100 mil. I remember reading a statement they released that 100 mil was going to be the new AS once they sorted things out with 10 mil preferred shares I believe. Don't be surprised when you dont see a 50 mil AS count down the road G
They definitely need to address the authorized share count here. A 1 billion authorized share count looks like a potential dilution scam.
Thanks for the weekly updates tothe, much appreciated. Kept quiet the last week. Added some more, now I'm gonna sit back and wait a bit. . .
The year over year increase in revenues that Evio and WW have made is quite something I think!
Annual Revenues:
2015- $125 000
2016- $560 000
2017- $3 021 000
2018- INCREASING!!!
People are going to really start to take notice here soon with the kinds of numbers they are putting up.
1.35, thats the 200 day avg? I'm ok with a correction & some consolidation. It'll even out at a buck something & set up for the next 4x spike. Once spring weather hits people will get a little more optimistic again anyways. Also I think between now & the q-10 for Oct-Dec will be a good buying opportunity, I'm gonna try n keep adding on the way down. Weak hands getting shook out don't bother me here, people staining their shorts today, I was heavy on the buy button lol
Doom & gloom is good for the buyers today. I added in the 1.60s today, soon as they get a PR about their new Cali labs this goes right back to 3 bucks. Even on the red days I'm liking EVIO gents!!
Evio is in the exact same spot price wise as CGC was 1 Feb 2016. Only difference is EVIO has a share float 1/20th the size. It will lead to some wild spikes in price as the year develops. Look at where CGC is at now 2 years later. Same thing will happen with evio, double digit price by Nov's election, but hey, nobody listens to me anyways.
That's positive insight, anybody that had shares before christmas saw their price triple. . . what's the fuss? Have some patience and buy when everybody is pissed off about some nonsense lack of PRs. If 50k in negative pressure brings the price down 4 percent today 500k of positive pressure will double the price here in a heart beat. It's gonna happen, I'm an evio believer, they're lining things up right in my opinion. If they had waited a month to finalize the deal they would have gotten better terms but hey, now they can get the Cali labs set up and ready to go. That will bring eyes on here for sure! Everybody is crying, I'm excited, I'll keep putting buys up at under 2 bucks and laugh by November lol
I agree bud, EVIO is looking way better than SGBY did a year ago. I'm not worried with a little price correction, share structure will be cleaned up soon, they've got money to expand, personnel with experience to do it right, EVIO is looking good! I waited through 60 cent shares, little dip below 2 bucks is just another buying opportunity. Picked up 2k at 1.91, if it goes to 1.80 I'll pick up 4k, 8 k at 1.70, etc. Time to load up before Q1 numbers and the 4/20 rally that's coming once california numbers hit the news.
Good time to get on board bud, legal marijuana is going to sell billions in Cali (estimate of over 5 billion in 2018 alone) and Evio will be one of only a handfull of testing companies processing the product of all those sales. And we've only got a few states that are legal at this point. . . this train is just leaving the station.
January was the biggest month yet for marijuana legalization
Pretty soon numbers will be out along with headlines like these;
California marijuana demand greater than legal distribution network can handle
Time to bash now & get cheap shares when trading 100k in shares can bring the price down. Soon this will hit 5 bucks bud.
You obviously have no clue what you are talking about. Wait & see. ; )
Get cheap shares on lock while you can.
Soon they'll be announcing the tens of millions of dollars being spent each week on marijuana in California & nobody will remember this dilution. I'm a buy at $2 any day of the week here gents