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30k ask @ $1.19... geez is today the day we break $1.00.
My magic eight ball says: ‘maybe’
Anyone watching L2 wanna put a prediction out here?
Also of note: at this moment my entire canna portfolio is green except one ticker. Don’t have to tell you which one smdh
CWBHF headed to $1.00? Cannacord just paid C$13.25/share and your claiming $1.00....whatever you say there bud.
Nope. We’re headed sub $1.00 imo.
Look at the 6mo, 1yr, and 3yr chart...it’s pretty telling. Typical OTC parabolic rise and bleed retailers to death.
I’ve been in here since December 2018. Had a nice chunk, stock went for a run, and I pulled my original investment out. So, had been riding free here then picked up a few more recently and have watched the value evaporate every day.
I would think it can bounce at some point but the Q3 was horrendous and the Q4 guidance was also horrendous.
CVSI went back to pre Farm Bill revenue in Q3!!!! Tells me all I need to know about the direction of CV.
If I can just get back to even here I’m pulling every cent. You might have a better play @$1.16.
Good to see ya Dude. GL here.
That was my thinking. Every ticker in my cannabis portfolio is down 6-7% today with the exception of TCNNF
Yup. Been sitting on $2.85 all day.
Had a feeling we’d see some pressure early this week.
Need some positive news to get some juice back.
Public offering....yeesh
That’s encouraging for sure. Obviously, regulations are desperately needed.
Mitch is powerful enough to get something expedited. I’m actually a little surprised this hasn’t happened sooner.
But- I guess he has been a little busy dealing with the tornado that is Trump and all the political infighting that’s been going on.
I beieive we are entering the phase of companies beginning to go belly up and major M&A happening.
Also, many large LP’s are strapped for cash and will have an extremely difficult time finding financing. Dilution upon dilution has already doomed many companies.
MEDIF has a strong ass balance sheet and refuses to dilute its shareholders into oblivion. Just look at the last two? raises- we’ve been able to secure financing through Bank loans vs dilution. So, banks are confident in the future of this company....and the same can’t be said for most Cannabis companies at the moment (especially Canadian).
We seem to be in good hands. No investment is bulletproof but this seems like one of (if not the) best place for us gamblers to put our chips.
I’m closing out middling profits from some small positions, have cut some spec money loses to have powder for this tax selling season.
These prices are bargain basement. Predictable revenue, global expansion, execution of vision.
$MEDIF will curb stomp folks in 2020! Eventually leading to a GW Pharma type imo
Yawn. eom.
Wish we could break through this $2.68 lid they’ve got on us today.
Yikes. Wtf? After Health Canada came out and said the regulated ones are safe?
At least we still got the beverage angle here until they relent in the vapes.
What a brilliant move that was.
Unfortunately, it seems the govt won’t get out of their own way and let the industry blossom.
It’s a damn shame, too.
Sector bounce two days in a row and we’re stuck. Wtf is going on here?
Nice close after tanking yesterday all the way to $1.11.
10 more days in a row like yesterday and I’ll be about back to even (after averaging down).
Yay??
Thoughts on how long it’ll take to get to that $100/share people here are touting? Just curious so I can plan my retirement.
I’m not so sure this is bad news for Valens and MediPharm. I’ve never been a big fan of Neptune.
Tolling agreements are great but the real value of these two are their white label businesses imo.
Valens can sell directly to Provinces so they don’t have to be beholden to any other company.
MediPharm is already international and its success isn’t solely reliant on the Canadian market. Plus, they have a giant lead in the white label area.
Valens isn’t that far behind and I believe their exclusive rights to Sorse technology and recent purchase of a beverage company bode well for 2020 and beyond.
Also, I don’t think this shows a weakness for the extractors. 2.0 products haven’t even been put on shelves yet. How can demand be quantified before products are available to consumers? Perhaps demand for things like shatter, wax, etc are down but there’s no way to know about demand of 2.0 products.
Seem to be a Neptune problem to me.
Yes, any company can have a slow Q. Most retail outlets ever and a move backwards = not good. There’s no other way to spin it.
Please stop dragging CW into every argument. I’m fully aware of both companies financials. I’m trying to discuss CVSI problems not be in a pissing contest.
So, taking CW out of the argument (can we do that, please?) my concern is the timing of the slowdown/underwhelming Q as well as the poor Q4 guidance.
IMHO, the cannabis space as a whole is entering a proving ground phase. One where growth and profitability will be rewarded. Investors will become much more focused and careful with their capital.
The next 2-3 Q’s will determine some companies fate and I predict we will start to see some go belly up.
So, to me, the timing of going backwards couldn’t be worse. We need new investors. How do we get them when we are sliding to pre-FB? As other companies become profitable/keep profitable and show positive growth how will CVSI keep pace while operating from a perceived place of weakness?
Seems like everyday we lose ground here. The road back up just gets more and more uphill yet many here act like this is all normal.
It’s not enough that 10 people on ihub are still over the moon with CVSI. How do we stand out at a time when companies are beginning to separate into winners and losers?
If you respond- please don’t mention CW. This is about CV.
Yawn.
I’ve said time and again there will be more than one winner.
I’ve just lost some of my belief that CVSI will definitely be one.
Maybe some others have too?
I have larger concerns unrelated to CW.
Hey bud! Yea it was such a tough call but they did kill it.
I had a target of $2.85 here today and had my hand on the trigger but she never came that low.
Two good co’s. Never go wrong taking profits. Plus, you picked up cheapies here.
So, win both ways.
Nice to see ya still hanging around these parts.
Again, how ready are they to fill mass orders?
It’s a legit concern for some.
Pre Farm Bill numbers. It’s not pessimistic BS- it’s just simple facts.
They’ve gotta prove they can survive the ‘competition’ at this point.
And yes I believe $7.00 is light years away at this moment in time.
Enough with the uplist already. Ain’t happening anytime soon. SP not even close.
You watch- MEDIF just announced application to NASDAQ last week. They will be uplisted in the near future. It’s nothing more than a talking point for CVSI...just like GRAS...just like 007.
Very true.
And yes I have lost faith in this company.
I was working exclusively with free shares from profit taking earlier this year only to (stupidly) buy a chunk of sub $2’s recently. The shares are so far underwater and the position small enough that I will just ride it out and hope for a buyout.
How will CVSI supply the demand explosion without proper inventory though?
Largest number of retailers in the company history and pre Farm Bill numbers this last Q.
If that’s not telling you something then nothing will.
It’s about game, set, match here imo.
More and more competition coming for CVSI dwindling market share.
Nice bigman. Been loading em up here. Every time we get below $3.00 I load.
Gotten to the point where I’ve cleared some spec money dogs out and started putting the money here and Valens.
Up about 50% on my TCNNF buy in and contemplated taking some profits today and picking some up here but didn’t go low enough.
GL.
Exactly. SP targets have consistently been heading south here.
I like tipranks and they currently show one analyst covering CVSI with a target of $4.00 as of today.
$7.00 would be great but seems unrealistic until the company proves it can get back on track (it may never).
CVSI has so much to prove at this point that $4.00 seems a long uphill slog.
Sometimes reality checks are a good thing.
When the big growers arrive? CW is the big grower of CBD rich hemp lol.
Did you mean bigger companies? Like CGC? CGC can’t even get their first harvest to market.
Also, you’re viewing CW’s growing inventory from the wrong angle imo. Stockpiling inventory early in the game is part of their strategy. Once guidelines are set and mass retailers start placing huge orders CW will be ready to roll. The game will completely change and CW will be ready.
What’s CVSI gonna do? How will they scale up quickly when the time comes? How can they expand international without inventory when new markets open?
They’ll be caught with their pants down. I hope I’m wrong for the sake of my small position here.
For many, much of the value of CW is tied to the genetic IP. You just don’t embrace nor understand that aspect of the business or why it’s so valuable. However, it seems the market (as well as institutional investors) understand its importance.
The decoupling has begun.
Sorry for the loss. Hate to hear it.
The cats are fat, the shareholders are holding bags, and there is zero fight to come back imo.
So, pretty much just your run of the mill OTC scammy type stock. Parabolic rise then bleed retail investors for another year or so. There’s a reason institutions don’t hold the company.
This is headed to sub $1.00. It will never come back without experienced CPG executives. But- they don’t want any. They just want to enrich the Mona’s and their lackey Dowling.
I tend to agree with your assessment.
CBD sales might be going strong but the companies who’ve spent the most for product quality, etc are paying the price due to lack of regs.
No barrier to entry at all. I could literally sell my own and know a guy who is!
It’s effing ridiculous.
Hope they don’t wait so long that is cripples both companies. We’re already handcuffed.
Not here to fight either...nothing to fight over as both tickers are in the garbage.
I think we start to see the two finally decouple and stop mirroring each other.
Q3 reports have distinguished the two. One held firm...one went pre farm bill.
Where are all the prognosticators saying CW would be $4-6 by today? You guys need some hot sauce with your crow.
I’m still in. Actually had a small order filled @$3.02 late day lol.
EU GMP any day and the NASDAQ soon.
Yep. Rough seas out there. eom
VGWCF and MEDIF/LABS are two of the best investments in the entire cannabis space imo.
There’s risk involved everywhere but the business model and performance of management has been phenomenal so far. They also obviously value their shareholders and haven’t diluted us to death.
Valuations for both are extremely fair too.
We will have our day in the sun. I’m thinking after Q1 or Q2 2020 we will see both tickers separate themselves from most of the industry.
Can’t wait for the MediPharm uplist.
Yawn. This board is littered with homers and haters. Hardly anyone is objective. The ones who are get pillaged.
$4.00? You’d love that wouldn’t you?
You can bet I woulda taken my 20 bagger here and deployed that capital elsewhere. It’s hard to take you seriously given you (proudly) passed on those gains.
Anyway...this company is in the shitter and CW has its work cut out for it too. My CW investment just went red for the first time since my buy in. You can bet I’ve got a threshold and exit strategy. I took profits during the huge rally’s earlier this year so I’ll not lose money either way...as long as I keep my strategy/threshold.
Sometimes a dog is just a dog. Maybe it was a good dog at one time but now he bit the neighbors kid and needs to be put down.
Imo, The best cannabis investments at the moment are MediPharm and Valens GroWorks. I’ve been closing positions and putting $ in both of those.
You keep spewing that CW growing their own is a negative somewhow. Did you see those 70% margins? Well they get to control their margins since they grow their own.
Also, in a tough market they can afford to run as many sales/bogos they choose because they have control.
Q3 tells the story. CVSI took a giant step backwards and (imo) they can’t get out on their own.
Since my shares (like everyone else’s) are so far underwater I might as well hold and hope for a buyout.
I wasn’t over the moon with CW Q3 report but at least they held their own and didn’t give up ground. A testament to their brand power.
Read the CC transcript- management is extremely impressive and lays out detailed plans for moving forward without FDA guidance and how they plan to keep growing through these headwinds.
With CVSI all we get is boohoo-ing about competition.
You keep spewing that CW growing their own is a negative somewhow. Did you see those 70% margins? Well they get to control their margins since they grow their own.
Also, in a tough market they can afford to run as many sales/bogos they choose because they have control.
Q3 tells the story. CVSI took a giant step backwards and (imo) they can’t get out on their own.
Since my shares (like everyone else’s) are so far underwater I might as well hold and hope for a buyout.
I wasn’t over the moon with CW Q3 report but at least they held their own and didn’t give up ground. A testament to their brand power.
Read the CC transcript- management is extremely impressive and lays out detailed plans for moving forward without FDA guidance and how they plan to keep growing through these headwinds.
With CVSI all we get is boohoo-ing about competition.
You can have the greatest product on earth but if it’s not marketed to consumers what good is it? It’s as if you’re suggesting no need to market the product because word of mouth is good enough.
I think management has the same philosophy..which is why this is a dead money dog at this point.
Not understanding the CPG industry is CVSI problem.
Yep, this confirms several things. 1) cbd space desperately needs regs. 2) true market leader has been established and its CW. 3) CVSI is a dog and there’s no getting out of this doghouse.
I could reserve judgement here if CW had a similar slide. However, they’re essentially flat. So, more of a holding pattern until some FDA clarity vs sliding to pre Farm Bill numbers (ouch!).
CW maintains great margins and control over them. CW has maintained with the increasing competition whereas CVSI has wilted.
CVSI management has no plan moving forward. They will continue to beat the competition drum as an excuse while fleecing shareholders. They have no idea how to move through the CPG space..especially now that it’s become uber competitive.
I will hope for a buyout and be happy just to break even. Might be better off just selling for tax loss since I only have a small position.
You can’t polish a turd although I’m sure there’s a handful of people getting their shine boxes ready as I write this lol.
Pre Farm Bill numbers....that really tells the whole story here.
Dude- my investment here is the one in my portfolio I have no worries about at this time.
For me, it’s about ‘when’ not ‘if’.
I closed a spec money dog in my portfolio yesterday to pick up more today. Figure get some tax loss and reposition that loss into some long shares here.
I’ve whittled my exposure down across the cannabis space recently and currently have ~ 75% of my cash in 5 different stocks. Keeping powder around for swings and trades as well.
Numbers don’t lie. This is a winner.
Sure thing. Essentially goods purchased and used on a regular, recurring basis.
Consumer Packaged Goods
I’ve made that mistake and I’m sure those being honest would say they’ve done the same at some point.
I actually closed out a dog in my portfolio today on 25% jump. I got too enamored and convinced myself the sp decline was an anomaly instead of sticking to my usual investing thesis.
I got burned. Took a loss. But have some capital back to begin rebuilding that chunk.
I try to learn from mistakes.