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Congrats all - nice run. Let’s hope this kicks off an epic week on Monday.
They really want this to close under 3 so shorties can come back with the same refrain “uh oh, no NASD’”. SP is really weak after this week.
No worries... my Viking hat is ready.
Agreed. That may be the strategy with only a veiled reference to the BS this week.
Yes. They did the same after Citron and Left last year.
I emailed IR and they wrote back this AM saying they are preparing a response to the share price action.
NASD catalyst: Safe Banking Act. https://www.marijuanamoment.net/senate-gop-chairman-backs-cannabis-banking-fix-newsletter-august-5-2019/
Agreed. Got a little filled at 9.75 just now. Trying to get more shares ore earnings?
I'm not a trader and certainly not a short, Super, so I don't know short dynamics. Maybe someone can enlighten us. But i have lived through this with CVSI many times over the past year and can see patterns from experience. The run up from .40 to $6.60 last year loaded this with unreasonable expectations and shorts have taken advantage of every earnings report since then. Based on fundamentals I am buying here (rotating some good recent gains from CW) and will continue to into high 2's. You and I are many others are in CW and CVSI and have had a bitch of a week with both double digit % drops this week. Good luck - I could see another random drop again this morning continuing to start the day; and with RSI so low and so over sold I could also see a good swing up. We will see.
CVSI is very easy to manipulate on very low $$ and otc. $1.2 million for the first 300k sale down after open yesterday. Not conspiracy of any kind - just strategic traders who can, so they do. After the first hour the rest of the 3 million traded was churn. This company has 14 straight Q of growth, 15 mil cash, national distribution channels, profitable EPS and has CA legalizing CBD completely next Monday, and FDA close to giving a path. Its a really good time to go Mona and shake loose another million+ shares into their hands.
Search Twitter @BeefEnt for short CVSI message to his 180k followers at 7:30am. Wolf of weed St and one of the Staley Brothers follows him as well accd to one reply there.
KYMike hope you are riding this out with a couple Bulldog Smashes. I could use one or five...
Sorry if this was already posted: https://www.wftv.com/news/local/-potdaddy-john-morgan-says-it-s-time-to-legalize-recreational-marijuana/973557221
No it does not. We discussed this in detail on this board back in August and September last fall. There is an easily accessible doc on NASD site that describes it.
With such low daily volume this can be controlled pretty easily. Those of us here for the past year plus have lived through this OTC shit. There may be another leg down again in this attack. Know what you own - cash, growth, free cash flow will win. Hopefully you don’t need to give your share away today.
Bought at 3.40. OTC impressive attack.
Jefra - you nailed it. V working overtime this AM to turn the tide against a good Q report. You can almost feel the sweat coming through ihub...
Let's all hope those options vest and gradually start to trade over the next two, three, five years. I assume smart experienced managers like Dowling tie these options to significant growth and production goals which means this company will be many times more valuable when they become OS shares. The employees will be rewarded as will shareholders. At least I think that is the theory? Happy to hear a smarter SpaceLady explanation :) Only negative conspiracy theorists will say otherVise.
Darth - I appreciate the deep dive on potential pharma uses of CBD. That is one of the big long term reasons I am in the CBD area. Lets hope GW gets lots of coverage today.
FastMny winner winner CBD dinner.
Would be nice if this is where money is rotating to in a crappy market
E*TRADE shows 23.15 right now
Any news on halt?
Congrats CWebs - nice day and APHA wow results should help the whole sentiment of the space.
Good to stick to our knitting. Well done Apha
Got it. It is dropping today. Could touch 1s...
19 wow. What is the ELLXF arbitrage?
PlusCBD to calm our Cub anxiety in this tight race vs Cards... this is the year again for CBD CVSI and Cubs.
I noticed IRI data as well as SPINS in PR now. IRI seems to do retail point of sales data studies for big chains (Walgreens Albertsons etc) published a CBD Attitudes and Motivations study in March. Does anyone have access to this and willing to share? The synopsis on www.chaindrugreview.com is pretty shallow.
BKK is Montana - when will IHub block?
Snap a fantastic overview. Thanks!
The IIP sale and lease? Seems good for cash flow for us. Anyone have a broader perspective on pro cons of this?
Is this continued drop accelerating from FDA debate hearing and Cura problems earlier this week? Other CBDs have started to hold and reverse. Thoughts on Elixinol’s advantages and challenges?
One take is this- downgrade is not unexpected since everyone hates the sector. And maybe it helps - lower sentiment and expectations. Then - after APHA suffered the chastisement of the winter and spring- they have been quietly focusing on improving their numbers and sticking to their knitting under a new CEO. Will result in a solid surprise to the upside on earnings. Followed on in Aug and Sept with edible anticipation. A semi-bull scenario.
Look at our financials on this chart and try to find a negative number. Then look at everyone else. That’s why I have 6 figures locked in here ... long and strong on this horse.
https://smartmoneygains.com/sector-watch/q1-2019-mso-multi-state-operator-power-rankings/
Nice new comparative research from Harvest Moon and thanks to poster from the LIberty board.
Great report
Rifle- good post. Agreed on all counts. I also am with FastMny - interim rules in Aug would be tremendously helpful to shake out the bad operators and point towards the future permanent guidelines.