Great Info ANIA77...
One thing I always have told my friends who have invested in CVSI and other Cannabis stocks, and to my Investor Hub friends is to be ready for a wild ride.
The CBD market is going to become a battleground with different never heard from before players. This company is no different. Suddenly they appear with a ridiculous price point for CBD..
Interesting that they would attempt to even try to penetrate the US Market based on the position the FDA has already taken regarding regulating CBD.
I agree with ANIA77, their CBD product appears to be from the marijuana plant and not hemp...
All of us have to understand that with the signing of this new law, CBD and hemp derivatives are going to be flooding the market. The battle for market share and courting the big players (GNC, Vitamin Shoppe, Walgreens, CVS Wal Mart etc) is going to heat up..
If you look at the articles that are written about this sector, you see general articles about the growth of the industry, and then you see this type of article whose express purpose is to get the attention of both the investment community, and the CEO's of a Charlottes Web and CVSI...this is very typical of companies trying to get some sort of leverage or create a perception of fear or uncertainty.
I urge all of you to be aware of these things.....since the bill was signed a little more than a week ago, you are seeing a lot of articles written about the sector and about various companies...some positive and some negative.
The FDA statement if you stop and think about is really a positive thing. CVSI is the only company that has invested any money in the science and toxicology of their product line. One of the claims the FDA has investigated and has commented on is what is actually "IN" their product lines...(I call your attention to the warning letters that were sent by the FDA in 2017 to three or four companies. These letters cited false health and scientific claims as well as the labeled mg of CBD did not match up to testing done by the FDA)
CVSI never received any such letters, and if you read the press release dated Sept 10 on the self affirmed GRAS you will see the comment in their report that testing was conducted with respect to "stringent FDA standards". Furthermore, the traceability of each batch from seed to shelf is worth a fortune. Who else can make that claim?
I love our position. Stuart Tomc is highly respected and known in the industry. This big companies looking at national roll out deals with CBD already know what they are looking for. These companies are going to be very selective to WHO is going to be their partner.
If I am the CEO of one of these companies, I am buying from a respected wholesaler of this product. There is no one that I know of who has taken the quality control steps that we have taken. We have no FDA violations...in fact we are in the pole position from the regulatory standpoint...we have far more scientific evidence about our product and a great panel of people (Josh Hendrix) who will be able to influence and explain the science of our product to the FDA..
Know what you own here.....this is the time where patience is critical and if you have short term trader money in CVSI....you may not enjoy the ride.....
Finally, we need to desperately get off the OTC....read the difference between the NASDAQ exchange and the OTC exchange and you will understand and see the manipulation that has gone on..there are as many as 300 market makers on the NASDAQ...the large spreads between the bid and asks show you manipulation that happens on the OTC ....in addition to the fact that there are far fewer OTC market makers than NASDAQ market makers..
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