CV Sciences Inc (CVSI)

[captainjonesthe3rd]

the impaired goodwill is pretty irrelevant. they are now understating goodwill big time; 1000 plus stores many non chain and unique relationships; national brand etc. and no goodwill for it.

inventory impairment hopefully was just an accounting thing.

5 quarters in a row of rising revenue; 3.2 million this time; i expected higher and suspect wholesale and purified liquid sales are struggling. but certainly not bad.

cogs as a percent of revenue terrible; some related to holiday shipping costs im sure but they need to get that under control. what the heck happened there.

i doubt the market reacts to this too much. could see a drift into mid-30s for a few weeks due to continued retail selling pressure which we have seen all month.

The 2 million Iliad note is more than 1/2 way payed off now due to conversion of shares by my counts.