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Monday, November 16, 2015 6:37:56 PM
CANV posted nearly $4.15M in revenue in 3Q/15, but $2M of that was to MJNA as part of the settlement of the legal matters. My guess is that it was either unsold RSHO in inventory or perhaps the products it had made for KannaWay, so it was a one-time deal.
Factoring out that $2M, we're looking at approximately $2.15M in real revenue, which is a 16% increase from 3Q/14, but down 11% from 2Q/15.
Not all that impressive, IMO.
The notes due on May 19, 2016 will become eligible for conversion this coming Thursday.
Finally, Mona and company are really making up for lost time with the stock-based compensation expenses. IMO, they're trying to make up for all the losses they've personally taken over the last couple of years.
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Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
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