Post by
vitaly on Mar 21, 2021 2:01am
Upcoming - Q4 Earnings
- Looks like they need to rasie some cash soon to keep operating. After the report they will have around 32 million cash.
- They only observed 14% increase to DTC (direct to customer) sales. Even tho they own about 35% of market share.
- Recent report reported hemp sales to be 1.4 billion by 2023. It was previously projected to be 4 billion by 2023. More competitors in the space and no choice to lower their price.
- They have to fin a way to lower their operating cost, which means more money spent on R&D. That means more operation cost.
Comment by
DaNixon on Mar 22, 2021 1:40pm
likely weighing on investors minds, might explain some of today's afternoon selloff......
Comment by
vitaly on Mar 22, 2021 5:49pm
And it continue until the EOD. With cannabis being legalized in over 15+ states they have more competition breathing down their neck.
Comment by
DaNixon on Mar 23, 2021 8:15am
add in consistent short volume above 25% and things are looking ...... Well at least for time being anyway, cheers! https://fintel.io/ss/us/cwbhf