Followers | 170 |
Posts | 8965 |
Boards Moderated | 0 |
Alias Born | 01/24/2011 |
Thursday, August 18, 2016 8:45:17 PM
Legalization won't really help CVSI other than a short-term pop after elections. It might be worth buying in early October as a play on that pop. In fact, as I think we've seen in the past, legalization removes one of CVSI's advantages, that it's CBD from hemp is legal in states where CBD from marijuana is not.
Right now, CVSI's price is dropping for both the fundamental reasons of a not-great 2Q, but also the fact that there is a lot of competition in the CBD space, and the price of CBD is falling due to increased supply from both suppliers of plant-based CBD, as well as synthetic.
There was an article published today at Seeking Alpha about the declining price of CBD. ScottMarket (the author,) doesn't mention all the players in the space, but does talk about the price trend. In his disclaimer, he says he's long CVSI. You'll see in the comments that I think he's making a mistake (under my Rolling O ID). You might find his article interesting:
http://seekingalpha.com/article/4000569-cbd-supply-demand-gw-pharmaceuticals-problem?v=1471556882&commenter=1&comments=show
"Soylent Green is people!!!"
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
Recent CVSI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 01:10:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 02:36:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:21:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:32:15 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM