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the execution continues to be stellar; i mean 2 vendors get the biggest cbd oil bid to date with natural grocers (140+ stores) and one of them is pluscbd; the other one i have never heard of. no media outlets even know about it yet. that is not an easy thing to do. their ability to wave potential gras self-determination was probably the kicker there. the other product is topical.
too many :)
case law is why cbd oil has been crossing state lines for the last few years so yes. this entire sector is becoming harder and harder to contain but barriers to entry i suspect will continue to push out the smaller players.
not sure what it will take to move this thing
the good news is piling up here
if they cannot agree on settlement this thing goes to trial in mid-2018 it appears:
The parties are actively engaged in settlement discussions and expect to
continue those discussions. Pursuant to Nevada Local Rule 26-1(b)(7), the parties
have met and conferred about the possibility of using alternative dispute resolution
processes and agree that, if they are unable to resolve this action, they will seek the
assistance of the Magistrate Judge assigned to this matter to facilitate further
settlement discussions.
and
Pursuant to Nevada Local Rule 26-1(b)(5), the joint pretrial order shall be filed not later than 30 days after the date set for filing dispositive motions. The last
date to file the joint pretrial order shall be April 18, 2018. In the event that
dispositive motions are filed, the date for filing the joint pretrial order shall be
suspended until 30 days after decision of the dispositive motions or further order of
the Court. Pursuant to Nevada Local Rule 26-1(b)(6), the disclosures required by
Rule 26(a)(3) of the Federal Rules of Civil Procedure shall be included in the joint
pretrial order.
from the latest court filings:
The parties are currently focusing their efforts on attempting to reach a
potential resolution of this action, and believe that delaying the initial disclosures
for a short time may facilitate a possible settlement. The parties will make the
initial disclosures that they are required to make pursuant to Rule 26(a)(1) of the
Federal Rules of Civil Procedure on or before October 27, 2017.
have you been calling your congressman to cosponsor hr3530?
if hr3530 passes this stock could explode
we badly need a texas congressman on hr3530
natural grocers is a national pick for the most part it appears.
I believe pluscbd is one of 2 approved suppliers for cbd but its still up to store discretion whether to pick it up.
The same folks dealing with Natural Grocers are dealing with Whole Foods and Sprouts.
Sprouts is 240 stores.
Whole Foods is 471 stores.
wow some good research this weekend
well they just got in national stores luckys market (kroger owned); natural grocers (140+ stores); and ecommerce power luckyvitamin (gnc owned). HR3530 would finalize the removal cannabis under .3%thc from the CSA; case law has already removed imported cannabis under .3%thc from the CSA per 2004 HIA vs DEA case. The tricky part is the FDA but pluscbd is on the final stages of being GRAS certified which gets them past the FDA legal arm. Thats probably why they picked up Natural Grocers becasue they can wave the GRAS flag and no one else can. Their biggest brand competitor Charlottes Web is kind of a mess from what I hear and they are having cash flow problems. Pluscbd is killing it in non-legal states like Indiana and others and holding their own in legal states. If ever comes a time where marijuana will be legalized on a national level all pluscbd would have to do is release their new product "plusthc"(hypothetical) and bam they are in that game. What is holding this back is the Iliad notes in my opinion. To get rid of those they need HR3530 to pass; then an uplist accompanied by a registered offering by an investment bank to pay off the iliad notes and fund clinical trials on cvsi-007. If HR3530 passes I expect a march to a 300 million market cap by Q1 2020.
American Farm Bureau Federation has endorsed HR3530
National Farmers Union has officially endorsed HR3530
World Anti Doping Agency removes cbd from its prohibited subnstances list for 2018.
with rumoured troubles at cw with cash flow
this might be the top national cannabis brand after
picking up natural grocers.
at the very least appears natural grocers is a arkansas-oklahoma-kansas regional pickup
natural grocers (okc store only?)(they have 140+ stores total) picked up 2 brands of cbd this month and pluscbd was one of the two. I havent heard of the other one.
This management team is absolutely crushing it wow.
4 more cosponsors added; email and call your congressman
target ended up pulling it but your point is still valid
not entirely sure; below is the link of evidence:
https://www.luckysmarket.com/health-happiness-magazine/
page 2 of the mag says white label from colorado; page 7 shows the products they picked up. its luckys which kroger has a major stake in.
sellers drying up again which is good.
they dried before the last run.
kroger/lucky market picked the product up but they also picked up 5 other brands and did a white label. i was hoping cv had the white label but not so sure they do because lucky market claims the white label product is coming from colorado. there was a big hub dub about target picking up cw cbd and then dropping it and claiming that that was the first major ecommerce pick up but people are just not aware that the gnc arm luckyvitamin [not to be confused with lucky market] has been carrying cw and cv reliably for a month now.
its going to be an uphill climb is the answer to your question; people need to call their congressman if they want to help.
09/06/2017 Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Action By: Committee on the Judiciary
08/04/2017 Referred to the Subcommittee on Health.
Action By: Committee on Energy and Commerce
07/28/2017 Referred to the Committee on Energy and Commerce, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
07/28/2017 Referred to the Committee on Energy and Commerce, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
07/28/2017 Introduced in House
Action By: House of Representatives
i think its in the house energy and commerce committee; call for an update?:
ENERGY AND COMMERCE COMMITTEE
2125 Rayburn House Office Building
Washington, D.C. 20515
(202) 225-2927 (main)
(202) 226-4972 (press)
this is a civil case the sec is not seeking suspension of trading:
Civil action: The Commission files a complaint with a U.S. District Court and asks the court for a sanction or remedy. Often the Commission asks for a court order, called an injunction, that prohibits any further acts or practices that violate the law or Commission rules. An injunction can also require audits, accounting for frauds, or special supervisory arrangements. In addition, the SEC can seek civil monetary penalties, or the return of illegal profits (called disgorgement). The court may also bar or suspend an individual from serving as a corporate officer or director. A person who violates the court's order may be found in contempt and be subject to additional fines or imprisonment.
still in court...
Doc.
No. Dates Description
Filed & Entered: 06/15/2017
Docket Text Assign Judges in Civil Case
1
Filed & Entered: 06/15/2017
Docket Text Complaint
2
Filed & Entered: 06/16/2017
Docket Text Notice: Attorney Action Required
3
Filed & Entered: 06/16/2017
Terminated: 06/16/2017
Docket Text Motion for Leave to Appear
4
Filed & Entered: 06/16/2017
Docket Text Terminate Motions Minute Order
5
Filed & Entered: 06/19/2017
Docket Text Minute Order
6
Filed & Entered: 06/21/2017
Docket Text Proposed Summons to be issued
7
Filed & Entered: 06/21/2017
Docket Text Proposed Summons to be issued
8
Filed & Entered: 06/21/2017
Docket Text Summons Issued
9
Filed & Entered: 06/27/2017
Docket Text Waiver of Service Executed
10
Filed & Entered: 06/27/2017
Docket Text Waiver of Service Executed
11
Filed & Entered: 08/17/2017
Terminated: 08/18/2017
Docket Text Verified Petition for Permission to Practice Pro Hac Vice
12
Filed & Entered: 08/17/2017
Terminated: 08/18/2017
Docket Text Verified Petition for Permission to Practice Pro Hac Vice
13
Filed & Entered: 08/18/2017
Docket Text Order on Verified Petition for Permission to Practice Pro Hac Vice
14
Filed & Entered: 08/18/2017
Docket Text Order on Verified Petition for Permission to Practice Pro Hac Vice
15
Filed & Entered: 08/21/2017
Docket Text Motion to Dismiss
16
Filed & Entered: 08/21/2017
Docket Text Declaration
17
Filed & Entered: 08/21/2017
Docket Text Certificate of Interested Parties
18
Filed & Entered: 09/05/2017
Docket Text Response to Motion
19
Filed & Entered: 09/12/2017
Docket Text Reply to Response to Motion
call or email your congressman and ask them to be a cosponsor
could be iliad
when i did a review a few months ago i liked
grwg and nxttf. Neither is dependent on federal regulations for growth.
i really like this stock more than ever but to put all your eggs in one basket is so risky and so many have been ruined by doing it. on the flipside though cvsi is #1 market leader in cbd hemp; cbd is exploding; cvsi and cw(gencanna) are positioning themselves through mutual partnerships to be the pepsi and coke of cbd oil. cvsi is very close to GRAS certification for their cbd oil; this can help them get into the good graces of the FDA. hemp farming act has bob goodlatte (chairman of judiciary committee) on board and is getting a bunch of the farm bureau guys on board(huge!); usda is coming on board; goodlatte is the one that has stopped every other hemp farming bill since ron paul started introducing it. this bill can hopefully get past the house and senate and then utter chaos will happen. at that point the fda is going to come in and regulate the market but if you have GRAS you should be good. just in case there are some nuclear options that can be deployed just in case the fda wants to get crazy here (see antitrust laws). if the hemp farming act is passed i expect a steady climb to a 300 million market cap (currently 20 million). meanwhile until the act is passed we still have the 2004 HIA vs DEA 9th district court decision that seemingly allows all imported hemp products to be sold in the usa. that is the reason why the dea has not done anything regarding cbd oil (they would do something if they could); its been only locals messing with it so far and even they are backing off. the indiana excice police started busting it and then retracted(because of huge backlash) saying we have no idea whether its legal or not sell at your own risk. the fda wont do anything currently because they say the dea is in charge. once the dea is not in charge (hemp farming act passes) the fda is coming but cvsi brilliantly has been one step ahead with preparing GRAS certification. cvsi is probably the only one even close to GRAS certification also.
this stock is worth 45 million with
GRAS certification which is a slam dunk from what i hear
current value 18 million
wow 290k on the ask what is going on :)?
its a retail trader too; who is selling out here :)
mgmt has said an uplist will be accompanied by a registered offering. they will need to pay the iliad notes off and fund clinical trials with the registered offering. the consumer division is already cash positive.
registered offering and reverse split and uplist will happen at the same time. and that is dependent on the hemp farming act passing congress.
business as usual
1300+ stores
1000+ doctors office
#1 hemp derived cbd brand
ecommerce growing
largest distribution system out of anyone in the industry by far
market for cbd hemp expected to grow from 150 million currently to 450+ million by 2020
ind application and clinical trials expected 2018; no stated quarter yet; cvsi-007 industry for nicotine is a 2 billion market cap growing to 4 billion.
no comment on sec issue
no plans on share reverse split
yep you will have to get a pacer account; its free but you need to give a credit card. as long as you have less than 15 in charges in month they waive the charges. then you can go search for the case number and dig through the sludge. the case is in nevada district court.
from what i gather they submitted a motion to dismiss; i started reading it; its long. probably waiting on the judge or the sec to respond to the motion.
latest activity on the case:
15
Filed & Entered: 08/21/2017
Docket Text Motion to Dismiss
16
Filed & Entered: 08/21/2017
Docket Text Declaration
17
Filed & Entered: 08/21/2017
Docket Text Certificate of Interested Parties
i have gone deep down the rabbit hole; anyone know antitrust law well around here? [nothing bad about cv dont worry]