For the last 6 months people here keep expecting some "big news next week" thing to happen, without any insight as to why. The only insight as to why, is because there hasn't been any news in a while, so it must come...I'm sorry but that's a poor excuse for a reason.
This is a message board, people come here to share news, estimates, etc. When every other post is repeating the same thing, it really defeats the purpose of a message board.
Therefore, here's my two cents:
I feel that this stock will see a hit soon, but not until summer. Currently there are far too many other things going on that investors will go into, such as ASCO's meet in June where a ton of biotech stocks release their PIII and other data. These type of stocks have a high potential of doubling in this month alone due to that (examples are YMI, SNSS, INCY and INHX, which is obvious by the last month's charts). Gold and silver is still going up, much change is undergoing in the house, politics etc. It's not until mid-late summer, imo, that investor confidence will bring this stock back up a little bit. But in the meantime, it doesn't make sense for investors to go into this one.
I refuse to get in over .05, because historically by the charts, this stock will drop back down under .05 at some point. Seems to be extremely strong support around .04.
Regardless of all this, I don't think CBIS will ever fully take off. They have strong values but the management is beyond poor. There are many other Cannabis-related stocks that have a higher cash value, better reports, etc. If anything, investors will be more likely to dive into those ones. I think CBIS has the potential to go up to 1-1.4? but cannot retain that for a lengthy period
