InvestorsHub Logo
Followers 6
Posts 827
Boards Moderated 0
Alias Born 05/20/2016

Re: justavoice post# 5041

Monday, 01/06/2020 3:37:33 PM

Monday, January 06, 2020 3:37:33 PM

Post# of 22891
Yes - it is in the 10-Q that it has been private label since its launch in June and it was PR'd in August. The CBD is from another supplier Mile High Labs (not sure of their profitability but it is a legitimate CBD suppler with a $65MM non-dilutive term loan (terms undisclosed) from legitimate lender MGG Investment Group raised in 2019 and $35MM in equity raised in 2018) and the bottling is from Rocky Mountain Bottled Water. The brand is "all theirs" but the CBD is not obviously.

https://www.prnewswire.com/news-releases/wcvcs-cbd-beverages-could-help-offset-declining-alcohol-sales-in-restaurant-sector-300900616.html

You had to have known this already if you read and understood the Rob Goldman report that you have mentioned often which valued WCVC based on adding together CDB product sales at a "all theirs (non-profitable publicly traded CBD companies)" sales multiple along with a sales multiple for restaurant sales (and then neglected to consider the debt and the massive dilution in his paid for valuation).

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.