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JWBlue: I hope. From 2Q 10Q "the Company had 3,346,334 of authorized unissued shares reserved and available for issuance upon exercise and conversion of outstanding awards under the Amended 2013 Plan." Someone who understands the options and issuance of shares - I'd appreciate your interpretation of pages 16-18. https://ir.cvsciences.com/all-sec-filings/content/0001683168-18-002086/0001683168-18-002086.pdf
John did you mean Left short seller is after CWEB?
BKK says he's in CO. He works at CWBHF and is paid to be here, pretend he is a hedge fund millionaire, to bash primary competition.
BKK - you are a flat out liar. 2,000 fake stores? Hell of a conspiracy including the independent market evaluation from SPINS. Glad you caught it all on your own (well, with Vandy).
Your previous article about ITRH does not say what you said. I just spoke to them - they are not under investigation. You lie a lot and put up that bs article about your 'fund' last night.
And with such conviction you are afraid to honestly estimate their revenue growth for Q3.
So what is your market prediction for CBD in 2019 and 2020? And will CVSI PlusCBD keep 10%? Please explain.
FDA sets up guidelines that companies can invest in the process and follow. CVSI did and no other CBD company did that. GRAS is a significant advantage that other supplements like fish oil and others have followed to huge wins. It was a shrewd move and will show in Q3. What's your revenue guess Vandy?
BKK you think that was not addressed by CVSI mgmt and lawyers when they applied? They just ignored that and hoped for the best? Come on
Interesting article. Would be good to know how we jumped up 4 mil in rev in q2 and why he thinks 1 mil growth in q3 in a quarter where CBD is tipping to mainstream.
Chilling - here's my guess on SP if q3 is $20m sales: using price to sales- Trailing 12 Month sales would be $47.6m. If we used our current multiple of 14, the share price should be around $7.40. (47.6mx14=952 then divide by float 90.2= $7.40)
But if revenue grew like this it would draw a lot of attention and I could easily see a 20 multiple, so make it $10.50.
Taking just half of the very lowest CGC/TLRY/ type multiples (range from 140-350) or something like 50 - would put it at $26.75.
Looking ahead, similar growth rates for the next Q would put the 2018 annual sales around $65M and at 50 multiple would be $36.
So I say $10 SP with Q3 and $20 SP by Dec 31.
The Mona issues were known before they applied. Are you saying CVSI and their legal team did not ask this question? "Dear NASDAQ: is Mr Mona's past settlement with SEC a disqualifying situation? Sincerely, CVSI Mgmt."
Thanks - yes, tesla CA will be interesting! I did google the Nevada rules of civil procedure and read through class action section last night. Did not specify $ related to CA as far as I could tell (I know how to have fun...)
Thanks Chilling - what effect (if any) that the initial dollar losses are this low?
GRAS: "We are the only company in the space, we are the only company worldwide that has gone through that trouble and expense... where we achieved self-affirmed GRAS indication for our products." - CEO Joseph Dowling.
https://www.thestreet.com/video/cv-sciences-ceo-on-cbd-s-medical-applications-at-jim-cramer-s-teach-in-14748304
Awesome info Chilling - Thanks! 72K? Seriously? I personally lost more than this on Aug 20... How quickly can we get a motion to dismiss out there.
thanks Ania and Rockhall
Is there a Q3 earnings date CWBHF?
John - great video- thanks. Dowling very focused on quality and that comes through well here. The interviewer was not well informed unfortunately.
I sure hope that is CVSI bottom...
Chilling - any PACER updates today?
BKK - wrong on store comps (3q vs 2q); wrong on better branded name (PlusCBD Oil is #1 in CBD sales in these Nat Health stores; #2 overall among ALL items in these stores through June 30 - probably #1 now); wrong on awareness (CVSI recently on Dr. Oz, Cramer's conference, and doing much better education and conference presentation); and right-like-a-broken-clock on uplist - it hasn't happened *yet* - make sure to keep posting that until we do.
Pool open Q3 rev guess - we have 31 guesses from our Random Analysts; winner gets a free bottle of gummies of their favorite flavor. Submit rev and store count. Go CVSI
Q3 earnings pool: submit your revenue guess and store guess to win a free bottle of your favorite gummies. lots of guesses so far - looking forward to CVSI updating this deck https://ir.cvsciences.com/presentations
stop with NASD rumors...
Re Store growth form CWBHF went from 2000 stores in Dec to 3,000 in 3Q. At similar rate of growth for PlusCBD (just over 1600 in Dec 2017) we would clock in around 2350-2400 for end of Q3. Very positive with stores selling out of PlusCBD and ranked second of in the whole nutritional supplement category. I'm looking forward to earnings... https://ir.cvsciences.com/presentations
Good luck USMC: hope you do well. Looking forward to your prediction of 'news' today as well...
Dowling comment: "We have achieved scale and we also have first mover advantage," he said, "Brands will matter significantly. They offer the trust that there will be quality in the products, which really matters."
https://www.thestreet.com/investing/stocks/investors-face-growing-opportunities-and-challenges-in-cannabis-14743773
Thanks Slueth. Charlotte's Web brags about its digital lead in its prospectus. Interesting to see this.
Q3 pool is open: submit your guess of Q3 revenue and # of stores. Here's a deck from CVSI to give you something to base your guess on. https://ir.cvsciences.com/presentations Winner gets a free bottle of their favorite flavor CBD gummies. About 30 entries so far...pool is open until earnings are announced. Range of guesses from the "conservative" 13mil rev to "god-I-hope-this-guess-is-right" high 20s.
I think we may see a MadMoney interview with Dowling this week. Last week he interviewed TCNNF CEO (FL medical MJ) and asked her about their OTC penny stock listing right at the end of the interview. (they took over some small mining company to get their ticker and get listed?)
Cramer has Canopy CEO on now and has been talking up the boot camp tomorrow. Anyone in going?
some buying...5.15-5.20... got past the 5.05 resistance someone mentioned... run free cvsi... you will be happier in that $6 field ...
Anyone attending tomorrow? : https://events.thestreet.com/invest/ Would love to hear updates from the panel.
Sounds like a reasonable balance between increased investment expenses with increased revenue. They had the expected decrease in Gross Margin and expect it to come right back up next Q. Some challenges with permitting and labor shortages resulting in loss of some plants. Interesting challenges. Anyone else on the call? Any takes?
I'm on the call...took a while to get in. they said they would not address the Altria reports this week. Now CEO talking- emphasizing low cost of production, said there will be supply shortages including Aphria...
Must Read: https://events.thestreet.com/invest/ Something is up on Sat. Tomorrow should be interesting and Monday the 15th very interesting...
Rifleshaft - that was me he mentioned his NYC trip to. I guess he wasn't kidding... nice reason for the cross-country trip! I wish I could get down to be there...
I'm tempted to come down for this - could be huge. Anyone in NYC,NJ,CT,LI planning to go?
Q re CVSI at Investor conferences - some on here Slueth and Benjo maybe? Were at a conference the other day. Was that an investor conference like the one on the 13th? Or was it a hemp/mj industry type conference? Does anyone know if CVSI and Dowling have been in high profile spots like this before? I sense something is up....
Good company for Dowling on Saturday - http://events.thestreet.com/invest/ fast money's Tim Seymour, Soon to be on CNBC possibly? No CWEB here, just CVSI- the only hemp CBD company... Some news to announce on Saturday to investors? Hmmmmm what a nice weekend that would be...