{"id":5295,"date":"2014-11-27T15:12:55","date_gmt":"2014-11-27T15:12:55","guid":{"rendered":"\/?p=5295"},"modified":"2014-11-27T15:13:27","modified_gmt":"2014-11-27T15:13:27","slug":"cannabis-science-inc-otcmktscbis-slowly-fades-to-red","status":"publish","type":"post","link":"\/articles\/cannabis-science-inc-otcmktscbis-slowly-fades-to-red\/","title":{"rendered":"Cannabis Science Inc. (OTCMKTS:CBIS) Slowly Fades To Red"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/88\/88654\/cbis.png\" border=\"0\" width=\"435\" height=\"194\" \/>Although Cannabis Science Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>) has been one of the well liked pot stocks on the market ever since the Green Rush started, truth be told &ndash; the company&#8217;s achievements so far have been mediocre. <\/p>\n<p style=\"margin-bottom: 0in;\">In spite of all the evidence to the contrary, there are quite a few pot-stock enthusiasts that were cheering <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> <\/strong>until very recently. A whole lot of people were getting hyped up about the company&#8217;s possibilities, in spite of the fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> <\/strong>hasn&#8217;t really done anything impressive so far. And if you think that statement is too harsh &ndash; check out <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>&#8216;s <\/strong>latest financial report.<\/p>\n<p style=\"margin-bottom: 0in;\">Said filing hit the web on Nov 19, 2014 and caused a lot of loyal marijuana stock enthusiasts a lot of grief. Suffice to say, the situation it showed was pretty grim:<\/p>\n<ul>\n<li style=\"margin-bottom: 0in;\">Cash on hand &#8211; $443 thousand<\/li>\n<li style=\"margin-bottom: 0in;\">Total current assets &#8211; $782 thousand<\/li>\n<li style=\"margin-bottom: 0in;\">Total current liabilities &#8211; $4.1 million<\/li>\n<li style=\"margin-bottom: 0in;\">NO REVENUES<\/li>\n<li style=\"margin-bottom: 0in;\">Quarterly net loss &#8211; $675 thousand<\/li>\n<\/ul>\n<p style=\"margin-bottom: 0in;\">Under these circumstances, it is not really surprising that even the news that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a><\/strong> will be acquiring &ldquo;production farms with a combined total of 51 acres&rdquo; was not enough to convince investors that the company is actually going anywhere. And, truth be told, this assessment may not turn out to be inaccurate.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/88\/88654\/dsssssssssssssssssssssss.jpg\" border=\"0\" width=\"313\" height=\"75\" \/><\/p>\n<p style=\"margin-bottom: 0in;\">One thing is certain &ndash; if <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> <\/strong>doesn&#8217;t come up with something more convincing than what it has already given investors, its slide is likely to continue for a while yet.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although Cannabis Science Inc. (OTCMKTS:CBIS) has been one of the well liked pot stocks on the market ever since the Green Rush started, truth be told &ndash; the company&#8217;s achievements so far have been&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[229],"class_list":["post-5295","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbis"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5295"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5295\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}