OTCQB:VVCIF - Post by User
Comment by
1hot-techwomanon Jun 27, 2019 11:51am
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Post# 29870002
RE:Bottom was put in at $0.44 !! Confirmed by Volume !!!
RE:Bottom was put in at $0.44 !! Confirmed by Volume !!!srtman03 wrote: Onward sand upward now...looking forward to announcement of Germany connection any day...... Don't rule out hostile offer either......$$$$ Time to be buying not selling here !!! Cheers....
100% !!! The first half of 2019 has been focused on increasing VIVOs production capacity. With the recent doubling of capacity at both our Canna Farms and Vanluven facilities, we have been very successful in that regard, CEO Barry Fishman said. Our goal has always been to increase long-term shareholder value by establishing ourselves as a premium provider of cannabis products and services. We are lowering our cost per kilogram through increased production capacity, thereby realizing economies of scale. Zandberg notes that Vivos topline fell short of his expectation of $6.5-million. He explained what happened to produce the result. VIVOs revenue declined compared to Q4 FY18 partly due to initial product stocking for the adult-use market by provincial distributors that benefited the Company, the analyst explains. Management also highlighted that $4M of the total revenue came from cannabis sales in BC. VIVO only sold 215kg of cannabis during the quarter vs. 342kg in the previous quarter, highlighting its slow roll out in the adult-use market post legalization. In a research update to clients today, Zandberg maintained his Buy rating but trimmed his price target on VIVO from $2.00 to $1.80, implying a return of 157 per cent at the time of publication. The analyst thinks VIVO will post EBITDA of negative $14.1-million on revenue of $25.9-million in fiscal 2019. He expects those numbers will improve to EBITDA of negative $1.7-million on a topline of $54.4-million the following year.