Seeking Alpha
  • Rolling O Research
    $MJNA $6.5M of Q4's $8.07M revenue was final installment of CannaVest deal. RDH and CanChew combined contributed less than $300K.
    Jan 23, 10:11 AM
    Reply (15)
    • touchdowntommy: very surprised by this company! They might just have it right
      Jan 23, 11:30 AM
    • Rolling O Research: I guess they have it right, if "right" means overstating the percentage increase in HempMedsPX sales by 100% in the PR.
      Jan 23, 11:35 AM
    • geeker: Det_Robert_Thorne, the exact details of the MJNA numbers weren't given in that article, however, you magically assess your own numbers.
      Jan 23, 11:59 AM
    • Rolling O Research: Did you do the math? We know CANV owed MJNA $6.5M in Q4. $8.07 - $6.5 - $1.31 < $0.3M, and ((1.31-.249)/.249)*100=426%, not "more than 500%"
      Jan 23, 12:08 PM
    • geeker: Try 1.57.........
      Jan 23, 4:15 PM
    • Rolling O Research: PR clearly says HMPX rev increased by $1.06M. Q3's was $0.249M. That's a 426% increase, not 500%.
      Jan 23, 4:23 PM
    • Rolling O Research: BTW, $8.07M total - CANV's $6.5M = $1.57M, which is HMPX + CanChew + RDH + Wellness. $1.31 is HMPX alone.
      Jan 23, 4:26 PM
    • geeker: "gross income of approximately $8.07 million." Maybe it was higher, maybe it was lower.
      Jan 23, 5:19 PM
    • Rolling O Research: Maybe, but based comparing past filings and PRs, the diff will be small. Without CANV payment, Rev would be well under $2M.
      Jan 23, 5:32 PM
    • geeker: Well, until we read the actual Q4, I guess we shouldn't try to calculate approximate numbers then.
      Jan 23, 5:39 PM
    • Rolling O Research: Analysts do that all the time, and it's something I used to do as a semiconductor industry analyst.
      Jan 23, 6:54 PM
    • geeker: Now you're a 420 analyst still trying to get MJNA down to AB's prediction of .05. I'm waiting for the new article stating your approx #'s.
      Jan 24, 9:20 AM
    • Rolling O Research: That's what analysts do.
      Jan 24, 9:27 AM
    • thor@ss@ssin: still cannavest has increased from $14 at the start of the deal to over $70 recently, so the original installments paid to $MJNA are up 500%
      Jan 24, 1:30 PM
    • Rolling O Research: That's true, but $CANV only had about $1M in sales in Q4, and they don't sell marijuana. So why the $1.2B market cap?
      Jan 24, 2:01 PM