CV Sciences Inc (CVSI)

[BadKarmaKyle]

NYSE Firm Pyxus International (NYSE: PYX) enters Hemp / CBD Market via their subsidiary Criticality and their CBD Line Of products, Korent.

Upon the announcement today PYX Shares moved upwards 30% on the BIG BOARD opening at $13.00 and at one point reaching $17.98 before closing at $16.75 PYX had volume of 3,504,994 shares. Prior 10 day average share sales were 1 million per day making today’s announcement and subsequent action a record amount of dollars changing hands over ANY Hemp or CBD Company. A whopping amount of 60 Million Dollars traded and That’s just on the FIRST DAY. Triple the largest amount of Dollars CVSI has ever traded on one day in over 6 months and this was the first day. With a low float of only 9 million shares, this NYSE Multi State Agricultural Conglomerate Are sure to quickly become one of the U.S. Market Leaders in this sector joining Canopy and CWeb which trades in Canada on the CSE,Canadian Securities Exchange Canada’s equivalent of the U.S. Big Board .

https://www.prnewswire.com/news-releases/criticality-expands-product-portfolio-with-launch-of-korent-cbd-e-liquids-300787253.html

As to who the prior market leader was / is the following chart should help. Everyone in the sector has been on a positive run in the past week, some more than others. Only a Contrarian or Apoplectic 17 year old would have missed out on making bank trading in this sector this past week.

Current accepted market leader CWeb which unfortunately trades in the US on the lesser OTC non stock exchange had a roaring week far exceeding its O/S bloated competitor still awaiting an “uplist” (tic toc) after 6+ months, CVSI. Due to CVSI’s poor past history of SEC Fraud Fines, Suspensions, Actions, Lawsuits, bad debts leading to an 18 Million Dollar Bankruptcy by their founder, one week into retirement but still CVSI’s largest shareholder by far, along with SEC Fraud Fines and Actions against their former Auditor Anton and Chia combined with current President Joseph Dowling’s past Federal and State Tax Liens make it highly unlikely if not impossible CVSI will ever reach a real Stock Exchange They’ll be left to muddle along in the dregs of the OTC Markets formerly known as The Pink Sheets made infamous by such firms as Stratton Oakmon, it’s jailed founder Jordan Belfort and Films depicting the manipulation and fraud such as Wolf Of Wall Street and another, Boiler Room. The reason the OTC Markets continues with this reputation is it’s not a real Stock Exchange but a is a decentralized market where non-listed securities such as CVSI are traded by market participants. There is no centralized place to make the trade. Instead, the market consists of all the participants trading amongst themselves as deals are done directly between broker/dealers who make two-way prices to each other in the stocks that they are trading in allowing for regular manipulation by said “market makers.”

Their hopes of being the first U.S. based Cannabis or Hemp firm to be traded on a REAL Stock Exchange were crushed today by NYSE Firm Pyxus International (NYSE: PYX), who traded a whopping $60,000,000.00 of stock after simply announcing the Agricultural Conglomerate was entering the space thereby making CVSI’s “uplist” attempt (tic toc) moot.

In all likelihood CVSI will never trade on a real Stock Exchange due to the myriad of SEC Fines, Enforcement Actions, lawsuits, bad debts, bankruptcies, Fedaeral and State Tax Liens by virtually everyone who has had anything to do with this “company.”

Meanwhile comparing the prior Market Leader CWeb by chart over this recent run to CVSI and adding the true World Cannabis Leader, Canopy who also announced this week a 150 Million Dollar Initial foray into this currently hot Hemp space to the chart for clarity’s sake makes it clear CVSI is by far the laggard and now with competition from a NYSE Firm AND Canopy they’re certain to lag even quicker and further.

Perhaps these events are what led Mr. Michael Mona Jr. to step down in order to sell his 20 million plus shares in CVSI as has been the rumors swirling amongst the cesspool of the OTC since his making the announcement last week. Unfortunately we won’t know until far down the road, too late for retail investors who will find their positions highly diluted and their former sales taken over by the big boys. The chart shows CVSI lagging already.

Caveat Emptor.

Let’s look at the chart for even further proof where it can be seen just today how far CVSI is lagging and this doesn’t take into account the entry of NYSE Firm Pyxus International (NYSE: PYX) entrving the sector.