I'm sure there are small details but my thinking yesterday was that CW would be flat if they were having similar issues to CVSI.
online would be up and retail would be down.
CW has a higher percentage of sales online than CVSI.
So if their online is up 25% QoQ and retail is down about the same it's a wash.
I saw in their release they called YoY differences out, haven't looked into last quarter detail but I'm assuming it looks something like that.
Also they have distribution in Canada which isn't having the regulatory issues like the US.
I expected flat revenue. What I'm surprised by is how little sp dropped. Some of that might be due to the fact it's taken major hits already in the last week, perhaps due to CVSI reporting. Maybe it's intitutional ownership. Maybe the exchange. Or??? At any rate I expected well into the 8's from fear sales and it didn't get there before rebounding.
Or maybe they did manage better than CVSI. It's possible. I don't know their internal deliberation.
The big take away for me is that the unregulated landscape is hurting both these companies by millions of dollars and killing the market. Neither is performing where I would like.