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To sum it up. You win some, you lose some.
I don’t think your move and strategy was wrong. I choose to play differently which is hold and add dips. I’ve been in your new investment since it was $0.80. Adding along the way. Rode it up to $12 and back down to $4 now back up to $10. I choose to hold and add and hold. I do that in other plays as well. I spread it out. When the price goes on sale I add. Which is what I did here today because I believe we are close to a bottom. We may spike and come back down several times but I will hold and add dips.
There’s nothing wrong with timing the trades. I don’t want to pay taxes for the risk of timing the tops and bottoms. I also planned to have money tied up for several years.
I have a different perspective and mindset all together of investing and money in general. I live very well within my means and really only risk/buy things with my money that can make more money. Not that I want to lose money but I know I’ll always make more and I strategize risk vs reward. We all have our own values, perspectives, and strategies. Good luck.
After visiting their website I only see a coming soon from one lab, Costa Mesa. What about the Palm Springs lease?
https://www.prnewswire.com/news-releases/evio-inc-expands-signed-lease-agreement-for-palm-desert-facility-300678264.html
20 day old Glassdoor listing for Palm Springs
https://www.glassdoor.com/job-listing/laboratory-director-evio-labs-JV_IC1147124_KO0,19_KE20,29.htm?jl=2858033202
Took over a year and three months to set up Costa Mesa (still not open). (Could be why it cost $1M for a lab without revenue. It’s a lengthy process to outfit, get inspected, and certified.)
https://globenewswire.com/news-release/2017/07/18/1047893/0/en/Signal-Bay-to-Expand-EVIO-Labs-Cannabis-Testing-Division-into-Southern-California.html
Jobs also on Glassdoor for that location. 4-5 days old.
https://www.glassdoor.com/Job/jobs.htm?suggestCount=0&suggestChosen=false&clickSource=searchBtn&typedKeyword=laboratory+director+evio&sc.keyword=laboratory+director+evio&locT=C&locId=1146769&jobType=
If most of selling is from Canada dilution they got their shares at $0.60. Market cap doesn’t suggest for price to go much lower IMO. I don’t see this getting over $2.50 even in February and possibly $5 a little over a year if we can gain revenue traction in Cali with 4 labs and Mass.
Compared to KS*B market cap of $460M and revenues of $51M. With $10M revenues for EVIO and same multiplier of 9x that gives a $90M market cap and a share price of about $4.50 in about a year from now without more dilution. With $15 million in revenue with current share structure and labs that’d be $6.75 a share.
The question is how much revenue can 4 Cali labs, 1 of 5 mass labs, 4 of 21 Oregon labs, and 60% of a lab by Aurora can bring in once all up and running (waiting on 2 Cali labs and Mass). If that brings in $5m in revenue we are at $2.25 a share. I see that as minimal in a year and wishful thinking of $7 in a little over a year.
So the question right now is how far along are the Cali labs that could be bringing in revenue NOW and were targeted to be open by October 1st?!
For sure!
Good to see you here Ford
Good luck to you as well.
Was huge bid support but a 42,000 sell. Still bid 20,000 on .65.
Good for you. I own that too for about 2 years now. Definitely huge upside there. 2 years ago that was $0.60 as well.
Look at it as a lesson learned. Money can always be made. Timing is everything. Don’t hold on longer than your gut tells you to. Don’t “bet” more than you’re willing to lose.
You can always add back here when you feel the timing is better.
Which puts me just over 60k
I added 2550 at .69.
Added a few here today.
There’s nothing worth PRing about until there are revenues or new labs open. We get PRs when there is a reason to get them. He’s not holding the price down. The market is. Revenues are. We are at a low side fair market cap value right now IMO.
I didn’t even know why it was locked until I called E*TRADE after not being able to make trades for a few days. Happened about 2 years ago.
I learned that the hard way. They locked my account for 30 days. Thought I could out smart the tax deduction lol.
It appears to me they all are operating under a temporary license. That’s all the states giving out apparently. In original plan they were suppose to get stricter after first 6 months. I posted a link almost a year ago about it.
How do you get a formula for this?
I can say I’m a little disappointed. Hoped the two Cali build outs would have been open by now (for Q1). Also without Mass in order looks like we miss on Q1 revenues for Feb reports.
And they are gone lol
I don’t think so either. Without news I’m surprised on being this high. If we get back to $0.70s I’ll trade others to add here.
I didn’t get to add too much here. With the hurricane and losing revenue I won’t be adding anytime soon. But I am content with my shares for now.
Just want these Cali build out labs open or at least some news about it’s progress. I was hoping to get them in for a full Q1 but that starts tomorrow.
Do some more googling. Maybe on their equipment they use, how much it cost, what a build out cost, how much can they generate through production. Come up with your own opinion from your research and formulas then bring that work with you when you state your opinions. Most of us here do that but I don’t think you do your own to understand or relate to what you read here to formulate your own justified opinion. This is your money buy or hold if YOU think this is in forward progress or sell if YOU think this company is going nowhere or backward and find a company YOU think your money will grow with.
I explained my opinion of this to you the other day in regards to market cap being $18 million currently and you paying $35 million.
Other than that I haven’t been there to see the labs to assess and value the equipment. The fully staffed, turn key adds value. The opportunity, at that time, to get our name branded and in business as fast as possible from a set up lab costed a premium. I think it’s justified by the market. I think it was worth it for capturing the market share, branding, and networking.
I’m more concerned about getting these Cali lab build outs open than a possibly slightly over paid lab that still has upside. And as explained before we get a steal of a lab in Colorado with defaulted payment.
I’ve been following the markets. Attended seminars in Colorado October of last year. Attended seminars in Philadelphia in April of this year, which Lori of EVIO spoke at. And I’m looking at attending Boston’s seminars next month but unlikely I’ll be able to go. I went to Oregon last month.
I understand it’s not as easy as people think and see the moves being made as things change. I have enthusiasm in the future of cannabis in general. This is one of four main holdings I have. I am not fearing the future of the markets. I see well positioned and am patient with understanding the upside. I take my DD and make what I formulate with it. I share my opinion. No one else’s opinions or decisions matter to me. I’m here expressing my point of view and opinion from my experiences.
https://www.google.com/amp/s/www.gainesville.com/news/20180305/medical-cannabis-testing-lab-to-open-in-gainesville%3ftemplate=ampart
“Hurley said, EVIO's Florida labs have been accredited with the ISO 17025 standard”
Says labs, plural.
Anyone with contact with WW want to email and ask an estimated opening date of Cali build outs?
These laws passed 2 years ago! Still not open yet and some dates are still unknown! But we are ready for when they do. I would like a little more concentration in California which we are getting 2 build outs now. Still more time to add. But we need these markets to open so we aren’t operating at losses. Even if more states passed laws right now we’d have 2 years to set up and build out. Giving us enough time to get these rolling and proof of concept for feeling the need to expand quickly for new market share. I don’t think anyone planned for it to take this long. Those that were smart hopefully branded, marketed, and networked properly over these two years to get off to a good start.
This gives you a good idea on how complicated the states are making it for the businesses. Businesses can’t know what to do and improve with timelines, laws, and regulations constantly changing. These laws passed two years ago. EVIO in position with a good opportunity to capture market share as first impression in these new states. We need Mass to figure out and implement their rules and regulations.
https://www.google.com/amp/www.sun-sentinel.com/news/politics/florida-medical-marijuana/fl-reg-medical-marijuana-license-rules-20180501-story,amp.html
@eviolabsfl_gainesville
On EVIO Labs Gainesville Instagram page
EVIO Labs Gainesville having their grand opening. That should be drawing licensee revenues now.
Yes, you paid ~$35million market cap for your shares if you paid $1.76. Meaning you paid ~$3million a lab. If you are buying today you are paying ~$18 million. Still more than $1million a lab (and even more if you count how many are licensed, partially, owned, or not open yet).
Market cap is the most important thing when buying stock and understanding how to value.
Again if WW over paid by paying $1million you paid $3million per lab.
No I just built a business from start up at the age of 23 and know what and how long it takes. I have foresight and can see a vision. I can also see pieces coming together. I also see the risks (and some mistakes) but see the upside if this “educated bet” works out. I believe this could have steady growth for 7 years or more as states go medicinal or legalize. It’ll move at a perfect pace to continual capture market share and buy out smaller labs or move into larger labs as the smaller labs close. I feel positive about new hires for the future. My biggest concern is getting to the black to avoid dilution and open doors for better financing or even cash purchases. We are waiting on these two Cali build outs and Mass (including the state to set dates that have been postponed by 3 months now). Everyone is waiting for Cali and Mass to be in full gear, which we hoped for Q1.
Exactly! And it’s price point is significantly more.
People don’t want to dedicate that much time. Growing quality flower isn’t as easy as people think. There’s a lot of learning and techniques to dial in. Environment, training, pruning, feeding, pest management, when to harvest, drying and curing. People will go to dispensaries same way they go buy beer, alcohol, or soda. They want to pick their experience and try new things.
Good points for sure. People will still utilize dispensaries for specific strains. Just like alcohol or beer or soda. Different tastes, smells, and experiences. Even if they are all “colas”. The “black market” will exist with growers who trade with each other as a culture and actually like to grow. There’s a lot to growing. It’s time consuming to dial in and learn all the techniques to get a high quality product, then throw in concentrates, edibles, and vapes people will still use dispensaries, add in testing and everything that offers as well. But I believe most smokers will use dispensaries more than a grower friend. I know I would even as a grower to try other products. I like to try everything and I am specific in the strains I like and even specific times of the day for each strain. As this knowledge and experience gets out people will choose what experience they like best and for when. Sativa vs Indica at the bare minimum.
The markets will continue to grow as other countries allow imports and ease their way into medicinal or legalization.