Dragni Dragnev

Cannabis Sativa Inc. (OTCMKTS:CBDS) Explodes Into Action

by Dragni Dragnev March 15, 2016

Cannabis Sativa Inc. (OTCMKTS:CBDS, CBDS message board) managed to add a whooping 241.19% to its market value yesterday, in spite of the lack of developments around the company in recent days.

Suffice it to say that CBDS's jump yesterday was perplexing to say the least – especially since it does not seem like the ticker is being pumped. Further, there are no new press releases and no exciting financial reports that could have attracted the investors' attention.

As far as due diligence is concerned, there is nothing of sbstance pushing the ticker upward – yet up it went, and on a $1.3 million volume, nonetheless! Honestly, if that's not a miracle, we don't know what is.

And therein lies the problem in this whole situation. Miracles tend not to last on the OTC Markets. Oh, they can push a ticker up, alright – but only momentarily. After a brief flare of volatility, said ticker will be left to fend for itself, to sink or swim, as it were.

And, unfortunately, due diligence reveals that CBDS has very little to its name that could keep it afloat. Its latest financial report looked like this:

  • cash - $22 thousand
  • current assets - $1.8 million
  • current liabilities - $268 thousand
  • quarterly revenues - $6 thousand
  • quarterly net loss - $1.8 million

On the plus side, at least CBDS is not struggling with crushing debt. However, on the flip side, it doesn't seem to be doing much of anything else, either. Yet in spite of its idleness, as of September 30, 2015 it had managed to accumulate a deficit of $52 MILLION.

Not much more to be said here, except that investors who have already committed to CBDS stock, or plan to do so, need to keep their eyes peeled at all times, because the risks in doing so seem horrific at the moment.

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