Cannabis Sativa Inc (OTCMKTS:CBDS) Gets A Serious Correction

[[tagnumber 0]][[tagnumber 1]]Cannabis Sativa Inc (OTCMKTS:CBDS) hasn’t been doing so well in the charts lately. Last year, the company stock was sitting at levels around the $10 per share mark, but the hype–induced balloon deflated and the ticker is currently sitting around 90% lower from that target.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last time we wrote about [[tagnumber 6]]CBDS[[tagnumber 7]] the ticker was headed on an upward run that pushed the price well above the $3 per share mark over the course of just five sessions. After a bit of hesitation we saw a devastating trading day that was followed by a slow descent. Anyway, the company finally found the time to file its report for the second quarter of the year earlier this month and the numbers contained in it weren’t very impressive.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $26 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $3.62 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.02 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $617 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.98 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that [[tagnumber 6]]CBDS[[tagnumber 7]] doesn’t really have that much when it comes to cash on hand and despite the fact that the revenues for the second quarter have increased year–over–year, they have seen a significant decline quarter–over–quarter. Meanwhile, the net loss has gone up a great deal.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The lack of recent press releases just made the slide of the ticker steeper lately, but [[tagnumber 6]]CBDS[[tagnumber 7]] did manage to register a significant gain in the first session of the week. The company stock finished Monday’s session 40.83% up the charts and climbed all the way to $1.69 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, as the upward rush was clearly not supported by anything, the logical correction came. Yesterday we saw [[tagnumber 6]]CBDS[[tagnumber 7]] lose 17.75% of the its value and close at $1.39 while a total of 77 thousand shares changed their owners and generated $116 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The slide is continuing in today’s session as well. After dropping to a low of $1.16 per share we see that [[tagnumber 6]]CBDS[[tagnumber 7]] has regained some of the lost value and is sitting at $1.26, or 9.35% down, as of the writing of this article. It seems that the ticker will record another session in the red so doing your due diligence and weighing out the risks before putting any money on the line is crucial.[[tagnumber 2]]