Comments
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JKI'm buying today at $3.19 or less.
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MShttps://cheddar.com/videos/new-age-beverages-releasing-bob-marley-branded-cannabis-infused-drinks
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MS01/14 NBEV rises over 18% and only around 60 cents to the first target mentioned during the interview. That's after giving you lots of time to buy it between 5 and 6.
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RSEmmm...Bob Marley died of lung cancer from smoking weed!
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OCInteresting recommendation to keep an eye on for the future.
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KRThe ceo is a serial capital destroyer.
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DLLooks like a highly speculative play given the financial position of the company. The losses in their company have multiplied by 9 since last year ($9.1M in losses for the 9.1m ended Q3.2018 vs. 1.2m in Q3.2017). Their assets are also made up mostly of Goodwill & Intangibles (roughly 45% of total assets). In addition to Ryan P's comment below for the commissioner's statement, how can this not be a short trade? It seems more like a pump & dump idea given that the trading. Intrinsic value is obviously $0 using the current financials as a proxy... Just trying to gain a better understanding of how a trader would be seeing value for a short-term profit here outside of it being an Acquisition target for a Coca-Cola, etc...
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RPHi Michelle, not sure if you'll see this but... According to the commissioner’s statement on Friday (12/20), “…It is unlawful under the FD&C Act to introduce food containing added CBD or THC into interstate commerce, or to market CBD or THC products as, or in, dietary supplements, regardless of whether the substances are hemp-derived. Under the FD&C Act, it’s illegal to introduce drug ingredients like these into the food supply, or to market them as dietary supplements. This is a requirement that we apply across the board to food products that contain substances that are active ingredients in any drug.” Does this change your thesis? Thanks, Ryan
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JCIs this a MLM company? I ask as Morinda is/was and I'm very familiar with them. They used to hawk this fruit from Tahiti that they claimed solved all kinds of chronic illnesses, which was of course not true. Made me chuckle to hear they are now in the cannabis space.
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MHA tad over one third of new age beverage float has been sold short. Curious what the thesis is there. Either huge short squeeze or the shorts have found something tangible and new age beverage fizzles. I do not have a dog in this race, yet.
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dwMish is super cool to come up with this but unfortunately, I think the risk far weighs the reward. This will have a 20-30% draw down and its just part of inhaling and exhaling. Use a larger trading range and don't bet the farm.
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DSAll hemp is not marijuana. Does anyone know if the farm bill legalizes commercial hemp which is used for rope, textiles, clothing, shoes, food, paper, bio-plastics, insulation, and bio-fuel? Big difference between commercial hemp and marijuana. DLS
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KBI like this quote: "... the industry is so much bigger than just Bob Marley and smoking a doob." - you got that right Mish!
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sTWelcome back Michele! RV has placed some faith in her, presenting her trade idea first in the year. Trade placed. Here is to a (hopefully) better year!
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JHVery interesting and well-diligenced. And some great questions from Justine. Thanks ladies - great trade idea interview.
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MAYour mom and her friend lied to you ;)