Tuesday, April 16, 2019 6:13:07 PM
VATE has bottomed numerous times over the past several years and every single time it has experienced a very large reversal
The November bottoming also took place around the .03 level on pretty high volume, and then VATE went on an explosive run of 8 consecutive green days on far higher volume and wound up at .07
For all of the criticism Medico has received, he has positioned VATE to be one of the top stocks in the entire cannabis sector moving forward in 2019 by:
Getting VATE uplisted to the QB
Retiring nearly all of the convertible debt
Having the best selling line of Hemp Coffee and Hemp Tea on Amazon
Very good year over year annual revenue growth (2018 vs 2017)
Vastly improving Elev8 Hemp’s social media presence
And now today we get the first glimpse of 1 out of 3 new websites they are launching and it looks very, very good — not quite as amazing as their Coffee in a Can, but that is a ridiculously high bar — but make no mistake, https://elev8hemp.com is now ready for showtime, and just in time for the big dance
And of course, the biggest event in VATE’s history in terms of revenue growth and shareholder interest moving forward in 2019 — launching 2 separate lines of expertly formulated and very aesthetically packaged CBD-infused beverages
With conservative guidance of $1M+ in 2019 revenues as well — from VATE’s approximately $100,000 quarterly revenue, they would need to average $300,000 over the next 3 quarters to meet that target
Real companies don’t launch products overnight and they certainly don’t launch them prematurely
As far as I can tell, Medico is in this for the long run and also wants VATE to grow very rapidly in 2019
Why else would he do a launch of 60,000 units for the very 1st run?
That conservatively equates to about $120,000 — most likely higher as the direct to consumer price is $3-$4 per unit, whereas the wholesale price is closer to $2 per unit
The size of this 1st run compares very favorably to what we’ve seen the other CBD Beverage stocks produce on their 1st run
In fact, the size of this 1st run compares very favorably to what some of those stocks did in their entire 1st year of selling CBD-infused beverages
Perhaps that’s why Medico is “taking so much time” before launching these CBD-infused beverage product lines?
For those amongst us who like to deal in facts
Sleek
SLEEKSCAPE’S GRAND SALAMI FOR 2019 HEMP & CBD MANIA -- PART II
https://investorshub.advfn.com/$LEEK$CAPE’S-2019-HEMP-CBD-&-MARIJUANA-MANIA-GRAND-SALAMI-PART-II-31243/
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