Elixinol Global Ltd (ELLXF)

[ShtockMahket]

I don't know anymore, man... I've been long on this (and CWBHF) since December, but the outlook has worsened severely and I'm not sure there will be much of a short-term bounce here, even with how Charlotte's Web is rallying right now. The quarterlies were just bad, really. Revenue growth still lagging, massive cash burn... it's hard to envision any big rally here in the wake of disappointing results. Long-term is also questionable, they'd have to experience massive revenue growth to achieve any sort of sustainability--not enough cash to sustain this for more than a year or so. I'm still holding, but as I see it things have deteriorated quite a bit. Good luck.