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We're only at the tip of the iceburg for sure. Most people don't know what CBD is or does for you, let alone knowing about other cannabinoids, terpenes, and the entourage effect. It's going to snowball from here on out and it will be impressive to see it unfold.
Rescheduling is an entirely different can of worms all together. What we need is to deschedule it completely and remove it from the controlled substances list. Too bad that won't happen anytime soon though. Big Pharma's pockets are waaaayyyyy too deep.
I sold some other stock earlier today, if that money were already available to trade with I'd be loading up more before Quarterly financials and ticker symbol change happen. If nothing else the pps will double with those two bits of news.
*Edit*, Sorry, wrong board.
Damn! I sold earlier today thinking it had peaked and was going to retrace for a bit. The plan is to buy back in when it cools off. I'll be lurking til then for sure.
I would make that leap but don't have an account set up for shorts. I'm new to trading so I don't want to get too far ahead of myself. I'm sure you are correct and this heads south hard.
I was thinking it would be a little more abrupt than that. For something to keep running like it has out of nowhere stinks of some weird MM manipulation or something. I'm learning the market as I go along but if I had the capability this would be a stock I would consider shorting. I just get the feeling it will fall on its face.
I will echo this as well. The CBD is only one cannabinoid that is in the resin glands of the female cannabis plant. Anything with less than 0.3% THC in the cannabinoid profile is deemed "Hemp". I think what most of you guys are envisioning is Hemp cannabis that is used for rope, seed oil, protein powder, etc. It looks scraggly with sparse airy buds. The cannabis used for CBD production resembles psychoactive cannabis in appearance with colas, buds, and trichomes. Because they have extremely low THC and very high CBD in their cannabinoid profile they really lend themselves to Oil production for what we are interested in here. You wouldn't use the whole plant itself for oil production as the focus is on the buds themselves. Remove buds and excess leaf material before oil processing and you can expect 10-20% CBD oil yields. Those figures are going to be different with dried vs. fresh material.
Do you think this recent activity is in anticipation of their quarterly financials?
Yes, looking really good right now.
I admit that I originally dismissed it because of the name and ticker symbol. I only looked into it more and ultimately invested after having it on my radar another time or two. I can only imagine there are plenty of other people with similar stories who haven't taken the leap yet.
This has been steadily trading sideways for a bit now. Does anybody see a reason or catalyst for this to get some traction and start moving up again?
For me I'm excited about getting my foot in the door on the ground level with a company that is sure to grow and develop. It's good that they just secured additional acreage for additional crop production as well as the pending name and ticker symbol change. Going to get really interesting here over the next couple of weeks.
I think I can help answer questions about cannabis and medical vs. recreational if I could better understand your questions? I live in CO and am familiar with the plant itself and some various aspects of the industry to a point.
Yeah Smoky, what do you see happening in your crystal ball in the next couple weeks?
What's a general timeline on the new ticker symbol approval?
I'm skeptical of this company as is right now. Their website is full of general fluff and stock images. The crazy recent upswing in activity and PPS increase strikes me as pump and dump activity. I'll be watching it from the sidelines but I also expect people to take some profits mid morning Tuesday. Just a hunch.
You don't think that's overly optimistic? I was thinking that number would be more around the end of the month. Just a stab in the dark though.
Yes, I think the new company name and subsequent ticker symbol change will have a significant impact on the PPS. The question is when that news will drop. Maybe next week?
Nice strong finish today. I'm glad I've been holding onto this one. I think with all the good news coming out in regards to CIIX getting into the CBD market and continued development of their Chinese Cannabis stock trading app this stock will continue to rise. End of the month will hopefully be getting exciting, especially as awareness for the company rises and new investors come in.
I like that ticker that you mentioned and held it before and after the elections but have since let it go. I'd like to get back on that bandwagon but it's way overbought right now. I'm thinking it will drop a good bit Tuesday as people take profits.
On the other hand I'm in CO if anybody knows where the new 140 acres are that was just recently purchased.
I definitely had your earlier post in mind when this happened. I was sure to pick up another 75k to round my number out.
Definitely weird action going on. Could this be some MM shorting action to pull people's Stop losses?
FOMO kicked in and I scooped some more up @.014
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Yes, I just recently purchased right as I noticed their name change and wanted to scoot in before ticker symbol change too. Both those changes will make this stock easier to notice/harder to overlook. It seems like everybody and their brother are jumping on the CBD bandwagon but these guys stood out to me as having good, relevant products that are actually functional and not some gimmicky stuff. Looking forward to seeing where Endo Biosciences is headed.
I might possibly go to the Hemp Conference. I'm definitely going to the Indo Expo at the end of January though.
Can you elaborate on this please?
Can you elaborate any more on this show and posting a link to the interview you are speaking of? I tried searching around his site but couldn't turn up anything.
Thanks
I could see that but I don't think Medicine Man currently does any on house CBD extraction or products. The only mention of CBD from them I could turn really quick was mention of it from Dixie Elixers as a "Preferred Partner" only.
Also, Holy Crap! PPS is @ $0.97 right now!
Aside from the recent news of CIIX getting into the CBD market what else is causing this recent run up with the stock price?
Also, can anybody speak as to where CIIX is sourcing their CBD? If it's such a well known company then why aren't they stating who it is?
Thanks in advance
Long time lurker:First post here on the boards. Been following along for months so figured it was finally time to join and post. Dove in headfirst and have been learning as I go along. MJNA has been the longest I've been holding onto throughout the duration and loaded up some more on these bounces. Hoping it will take off again here really soon after this past consolidation.
Y'all have a good one