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Pro at what exactly? They were just lucky to be in the right place at the right time. All the did is have a friggin website, hell I know 10 year olds that sell stuff online. Everyone keeps acting like they are inking deals every 5 minutes, its not real hard to sell someone elses stuff online, ever heard of ebay?
I'm not a Namaste hater, I own a ridiculous amount of shares. I just think ceo is a deuschbag and apparently I'm not the only one. If this same platform was being run by lets say Hadley Ford from Ianthus I bet the pps would be at $5-7 right now!
Exactomundo! The farm bill is just the key to open the first of many doors to an untapped market that we have a major share of! Exciting times ahead!
No doubt that management is in over their heads and it definitely doesn't help that Sean has a Ceasar complex, thats why he always introduces himself has ceo, founder, inventor, chief engineer, etc, etc. He can be chairman of the board, but the company definitely needs a professional ceo that knows how to run a future fortune 500 company.
I think most investors already knew his shortcomings but the idea and platform is so promising. I mean cmon the guy has is own stupid website seandollinger.com thats all about me, myself, and I. If it wasn't so pathetic it would almost be laughable!
Congratulations to all shareholders that have had the fortitude and vision to find, buy, and hold this gem in a time when it’s getting harder and harder to find a win! The future looks awesomely bright for Cvsi. Thanks to the congresspeople that did their job and got this done. YES!!!!
Mike you've been holding out on us!! You sly fox...$
Ahhh, yes the alure of the crackrock is too much not to partake. Maybe we should contact the company and we can all get together and pledge not to sell our shares forever! lol
Ahhh, yes the alure of the crackrock is too much not to partake. Maybe we should contact the company and we can all get together and pledge not to sell our shares forever! lol
Free gummies for life!!
Ugh....Absolutely redunkulous!
Awesome buying opportunity for some, but what about those of us that own way too much already and have taken a 50%+ haircut in the last few weeks..?
Yeah i know John...BUY BUY BUY :)
ON BEHALF OF THE US HEMP ROUNDTABLE:
Cv Sciences information release.
The moment has arrived!
We are so excited to announce that today at 2:30pm Eastern, President Trump will be signing the Farm Bill. Tune in at 2:30 PM EST here to watch LIVE.
In just a few hours, hemp and its derivates will be permanently removed from the Controlled Substance Act.
We’ve been hearing that you all have some questions about what happens next, so we have a *SURPRISE* for you! Our General Counsel, Jonathan Miller – who drafted this widely circulated summary of the Farm Bill last week -- will be hosting a Facebook Live Q&A event at 3:00pm Eastern following the signing! Be sure to like our Facebook page so you receive the notification when he goes live. It’s an exciting time for hemp. We thank you all for everything you have done to get us here, and we look forward to working with all of our Hemp Supporters as this industry keeps moving forward!
Its funny how dense most people are nowadays. These companies are just starting out and people act like they are going out of business?? Investing here is beyond no brainer...buy weed online and have it delivered to your house..nope noone is gonna use that service..lol
Everyone is just upset since everyone bought higher and nobody has any significant powder left :(
Well it sounds like you will just end up a cheap millionaire like the rest of them...lol
They should try a pledge to not sell any shares...lol
I think most believe its too good to be true. Time will tell, either way the cat is out of the bag and given enough time the dominoes will start to fall in line, the question is whether it will take months, years, or longer. Personally I would have never imagined everything would be moving this fast but given todays society that wants what they want...yesterday..lol
Investing in stellar companies such as Ianthus in this sector is an absolute no brainer and as the sector continues to be demistified in the normal people world these companies will in essence be giant cash registers spread all over the map. Not to mention as society at large continues to become more passive aggressive people will be reaching for what gives them comfort and escape!
It is tiresome to watch the pps going nowhere. Becoming a disappointment that all of our supposed catalyst's have yielded squat, the last two great quarters brushed off, farm bill....nada. And if its frustrating to me with my low entry point, I can only imagine what the peeps that bought alot higher must be going through.
We all know its an awesome company with tremendous potential and I'm sure they will have another impressive quarter, but if the market won't let us break through....then what? Yes I am well aware of how much we are up for last 12 months, but something has got to give!
Ceo of red creek reserve...
https://www.facebook.com/larson.elmore.90
His page says he started working at red creek offroad August of this year...? Its amazing what a suit and a website can do for your now a days????
I have watched and bought and sold into this company numerous times over many, many years. Most who have been here awhile no that this company is not a scam, it has just been very very very poorly run. Never invest in a company where one person has all the power. Solly reminds me of Dutch, both have blind faith that leaves your flanks open to attack or atrophy. Solly has always acted like a kid in a candy store, wanting everything at any cost. The sad thing is he had a golden opportunity years ago to make this an awesome food company executing on multiple revenue streams that all had tremendous potential, but alas one by one they have failed due to utter neglect. I now believe management should be criminally liable for 10's of millions of losses across the board!
But the saddest part is all of us retail investors that backed every play(not like we had a choice) but by buying shares we let the fiasco continue on. Everyone now needs to come to terms with letting go and taking their lumps and lesson learned, move on with life. But there will be a few, we all know who, that will go all the way down with the ship, cuz its very hard on the ego and brain to acknowledge being suckered and the countless hours and emotions put into investing in a company over the long term, hoping against hope that sooner or later they would get something right.
Beef division-destroyed.
Food plantation division=destroyed
Aquatics division=robbed and destroyed-(hell they havent even proved that they can make the technology work over the long term to produce anything viable).
I hope all on this board can let this fall into the background and enjoy the holiday season with their loved ones and have a happy, healthy new year!
A Ponzi scheme is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors. The victims are led to believe that the profits are coming from product sales or other means, and they remain unaware that other investors are the source of profits.
Yeah Im holding 80,000 crop @.23/avg. Fingers crossed cuz I'm hurtin for certain on quite a few mj tickers. I guess I'm just really long on a few now..lol
Namaste has wrecked my portfolio!!
Might have to bring this board back from the ashes now that all of the mj plays have gotten spanked week after grueling week! ugh
Yep. Multi year ponzi scheme..So who wants to start the go fund me page to pay for litigation or eradication?
Lesson learned....never, ever invest in a company where one person has all the power! Has nothing to do with China, Solly just a horrendous ceo, one would think he has to walk around knowing how much of a schmuck he is..who runs a company from $17 to 17 cents.....bad dream.
I'm surprised he didn't ask all of the investors to thank him for the good news so everyone could at least sell for tax loss before end of the year!
Who's the other cat Robert Gardner that owns the other 2 billion shares of the company?
What about the Triway shares we were all supposed to get like two years ago, any mention on that topic?
I'm having a hard time understanding why siaf isn't getting sued from every direction?
I find it really hard to believe that most of you that have been here for years actually didn't see through the whole dividend bs attempt to keep pps from flatlining, especially since they hadn't executed ANYTHING over the last few years. The one and only thing they accomplished is they spun out all of the value of siaf to triway and then renigged on distributing back to shareholders, looks like outright theft at this point!
Makes no sense though since we are now up there with the big boys and we are trading at half the value of one and a quarter of the other....I guess just needs more time to marinate, time will tell!
Was just wondering the same thing?? It makes no sense, company in good standing, all the acquisitions proceeding as planned, completely oversold! I guess a good time to add to position..
You guys have any thoughts on CROP?
Probably cv sciences or maybe charlottes web. Both are the heaviest hitters in the cbd space.
For sure! 2018 will go down in the books as "the year of averaging down"...lol
Lets hope next year we all bring home the bacon! I think all the lawsuits and short nonsense in the sector will give the whole space a big black eye which I hope doesn't turn into a black hole..Obviously most longs here that have learned the space all know that give some of these mj companies another 6-12 months minimum and we all get richly rewarded if you keep buying and trusting your instincts. The one good thing about the young bucks that run this company what they lack in experience they make up with dogged determination and thats good. Hell they could sell this company for two bucks a share and retire multi-millionaires without working themselves into the ground?
This ticker is truly like crackrock...you get a little taste of the possibilities and just keep pulling the trigger, which is a weird thing when your down 10's of thousands and still buying whenever we shake out the couch cushions!!
Gift from the gods......or it could be the apple that gets me kicked out of the marijuana garden of eden...lol
Either way I'm all in!!
Manipulation in the mj and cbd sectors is now beyond ridiculous. Everytime the sectors start to move in a positive direction some yahoo or other nonsense comes out and stocks sell off massively and barely move to the upside when something positive happens??
Just look as CV, its crazy we have awesome consecutive quarters, cbd spreading like wildfire and the whole sector in its infancy, yet the tickers get bashed to oblivion, so when our potential catalysts start to fire off they have no effect, except to inch us back to prices we were at months ago....
Its just sad that the market is so corrupt and now computers are trading making it even harder to make consecutive positive moves. Also proves its going to take years for all these tickers to amount to anything, and yes I know many have already run several hundred percent, but...
Hey look at the bright side, at least Peter got to do something for once. I bet even he was surprised when they asked him to issue a press release..lol
The constant back and forth on this board is useless at this point, it either goes to zero and gets written off, or it claws its way back up a bit, distributes some cash and everyone bounces...lesson learned by all.
http://www.stockhouse.com/opinion/independent-reports/2018/11/13/hemp-sales-grow-cv-sciences-q3-beats-estimates-2019-outlook
OMG...the sky is falling...sell, sell, sell.
Pure manipulation bs going on. Obviously you all know what you own, like anything good in life, its just going to take a little time to mature into the beauty we all know it is. It does suck watching companies blow earnings out of the roof and then sell off, and no its not a sell the news thing, its just manipulation...so now we wait and next the farm bill will pass and then guess what....we will be back where we were two weeks ago, when in essence we should be sitting at $8-10...No bueno!
Most idiotic thing I've read in awhile..Thanks for making us all a little dumber, i will never get that 5 seconds back in life...
Yeah they should use it to buy 300 million shares back and then finally one day pps might make it over a buck!
KEY DRIVERS FOR 2019
NASDAQ Listing. Unlocks a potential tsunami of investors. May take Farm bill passage. We believe NASDAQ is responding and qualifying CV's July application; a positive.
2018 Farm Bill. The 2014 Bill expired on September 30 and politicos will have to pass a new one. Senate Leader Mitch McConnell has included bill language fully legalizing hemp (as widely reported). Should pass in lame duck session, as Senator McConnell just indicated. We think full U.S. hemp legalization is now nearly certain as House Rep. Pete Sessions lost re-election bid; he had been a main cannabis bill blocker. All told, we believe the election was a big win for hemp and CBD.
Expanding CBD market. We suspect the upcoming Farm Bill opens the floodgate for CBD. Indeed, giants Coca-Cola and Walmart, among others, have publicly expressed interest in the CBD "wellness" space. We bet the whole bunch (like Pepsi, Starbucks, etc.) soon piles in.
Cannabis/hemp/CBD is here to stay, whether you like it or not.
CVSI well positioned for continued growth. Whole Foods, along with the other food, drug and mass merchandise retail, have yet to enter. We predict this changes in 2019. CV has been working these channels for years, and is anticipating the upcoming boom. In the Q3 call, CVSI specifically emphasized their major, recent investments in raw material procurement and oil processing, exactly what is necessary for a fast scale-up in 2019.
Wall Street catching on. Full federal U.S. cannabis legalization could be years away, and quirky state laws (like California's) are designed to protect small operators, throttling mass marketing. Investors are beginning to realize hemp-based CBD, the benefits, without the "high," is the better play. We argue there's more Americans interested in better health, on a daily basis, than those getting "stoned." Let's hope. We'll wash our CBD down with a glass of wine, thank you.
Hemp/cannabis "action" moves from Canada to U.S. Our suspicion of Canadian legalization a "sell the news" event looks prophetic. Canadian operator Tilray is returning to planet earth. Note: U.S.-focused companies—CVSI and Charlotte's Web—had a recent dramatic share outperformance. Investor interest grows. We believe this trend continues throughout 2019 as U.S. cannabis takes center stage.
Product and marketing growth. CV's new (quite tasty) CBD gummies should add revenue. CBD oil tastes lousy. We think CBD edibles have a big future, and the new gummy line hits it perfectly. Try some. Although sales have been exploding, CVSI has room to grow/improve marketing and retail base, maintaining revenue expansion.
Mass market hasn't even started. CBD oil, at around $150 per month, or more, is expensive for the average consumer. We believe peak volume's at the $40–$50 range. Our vision is a two-tier "premium" and "value" approach. Sort of like Proctor & Gamble did in laundry soap. In our opinion, the early cannabis/hemp players are over-selling a hyperbolic "super-quality" sales pitch, ignoring 50 years of recreational drug use history, and consumer pricing everywhere else. 90% of wine sells below premium brand pricing.
Value-added manufacturing. Cannabis/hemp has been grown in India for over 4,000 years. It's not new. It grows all over Latin America; is plentiful in Europe. Sourcing is world-wide. Like any commodity, abundant supply lowers prices. We believe future profits best found in skilled manufacturing, i.e., oils, edibles, and, naturally, distribution. We expect investors figure this out during 2019. CVSI is spot on trend.
Better business model. CV let's others do the farming, a tough, low margin business. We see tremendous investor disconnect towards growing/vertical integration hype. $13 billion Tilray boasts a (sarcastically) whopping 2.4 cannabis acres under cultivation; the USDA (Sept. 2018) reports U.S. tobacco crop planting alone at 321,000 acres. They can crush pot farmers blindfolded. Do the math. Marijuana farming supposedly yields over $1 million per acre, while tobacco farmers, the highest paying major crop, get about $1,500 per acre. Investors have to be idiots to think farmers won't switch. Plus, it grows all over California, and elsewhere, outdoors and year-around. We believe input (cannabis/hemp) prices continue falling, which could strengthen CV's gross margins.
Potential intermediate term supply shock. Hemp oil does require a larger input; it will take farmers several cycles to scale up for any sudden demand jump. CV Sciences is well aware of the supply situation and lining up suppliers, world-wide, for expansion, as stated in its Q3 earnings call.
Management. A solid core team is ready to grow. Includes "bankable" CEO Joseph Dowling, a CPA, former Citigroup MD, and driven entrepreneur, along with the dynamic Stuart Tomc, a proven industry expert. Famous NFL neurologist Joseph Marron recently joined Board. Competition's increasing—the early, land-grab days are over—in the trenches, only strong, experienced management survives. Mature and professional, CVSI has an opportunity for a sector "roll-up."
Moat building. Shelf space in health and nutritional stores is not easy to gain. Stores like to stick with brands they know. We are skeptical Canadian cannabis will have much penetration success as well as the myriad of CBD wannabe's coming out of woodwork.
LOL. Yeah I don't know with those glasses he kind of has that serial killer look, might make me to paranoid. But he is definitely going to make us rich if we stay the course!
Third Quarter 2018 Financial and Operating Highlights
· Record Sales of $13,600,000, an increase of 143% compared to Q3 2017
· Record Gross Profit of $9,945,000, an increase of 149% compared to Q3 2017
· Record GAAP Net Income of $3,295,000, an improvement of $3,885,000 compared to Q3 2017
· Record Adjusted EBITDA of $4,128,000, an improvement of $3,253,000 compared to Q3 2017
· Increased Retail Channel Distribution to 2,093 Stores as of June 30, 2018, a 6% sequential increase over the Company’s retail store count for the second quarter of 2018
· Achieved industry’s first hemp extract self-affirmed Generally Recognized as Safe (GRAS) status for its hemp-derived CBD gold extract product line
· Launched new category of PlusCBD Oil™ Gummies to its existing line of industry leading hemp extract products to address increased industry and consumer demand for CBD infused products
· Continued Progress in Drug Development Division including preclinical progress with CVSI-007, the Company’s patent-pending synthetic-based cannabidiol, which will be co-administered with nicotine to provide treatment options for smokeless tobacco use and addiction, currently a multibillion-dollar market with no currently FDA-approved drugs available to help patients.
First Nine Months of 2018 Financial Highlights
· Record Sales of $34,020,000, an increase of 153% compared to the first nine months of 2017
· Record Gross Profit of $24,567,000, an increase of 165% compared to the first nine months of 2017
· GAAP Net Income of $7,100,000, an improvement of $12,467,000 compared to the first nine months of 2017
· Record Adjusted EBITDA of $9,796,000, an improvement of $10,267,000 compared to the first nine months of 2017
· Cash Flow from Operations of $9,926,000, with a cash balance increase of $3,800,000 during Q3 2018
What a terrible company to invest in....Ya right, awesomeness! Too many kiddos with no patience....Classic shake and bake setup, now we begin the slow walk up $$$$
Only non-stellar item is only 6% retail penetration, especially since cbd is this years tickle me elmo. They need to hire some more sales peeps and give Stewart some help since this stuff practically sells itself.
iAnthus Capital Holdings Inc (CNSX:IAN) CEO on MPX Bioceutical Corp (CNSX:MPX) Deal