Cannabis Sativa Inc (OTCMKTS:CBDS) Makes An Impressive Run

[[tagnumber 0]] [[tagnumber 1]] [[tagnumber 2]][[tagnumber 3]]The last time we wrote about Cannabis Sativa Inc (OTCMKTS:CBDS) was a little over a year ago when the ticker was moving around the $10 per share price. This year, however, hasn‘t been very generous for the company stock and its shareholders.[[tagnumber 1]] [[tagnumber 2]]After a long period of sliding down the charts we saw [[tagnumber 6]]CBDS[[tagnumber 7]] drop to a 52–week low of $1.06 per share on August 17, losing around 90% in one year of trading. This, however, wasn‘t surprising. As we wrote in our last article covering the company its stock had reached a massive $125 million market cap and had very little to back it up with.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Unfortunately, the financial situation hasn‘t changed much through the first quarter of this year. Here is what [[tagnumber 6]]CBDS[[tagnumber 7]] had to show in its balance sheet.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 17]] [[tagnumber 18]]cash: $13,329[[tagnumber 19]] [[tagnumber 18]]current assets: $5,358,907[[tagnumber 19]] [[tagnumber 18]]current liabilities: $2,716,199[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $1,102[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $1,788,082[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Definitely not something to be impressed about. It certainly isn‘t something that would be capable of keeping last year‘s hype–induced prices. Recently, however, the company has managed to attract some investor attention. It wasn‘t through the help of the announcement that the company will start distributing CBD infused water.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]It was due to the fact that [[tagnumber 6]]CBDS[[tagnumber 7]] announced that shareholders will receive 4 shares of Kush, Inc, a subsidiary that the company acquired back in January 2014, for each share of [[tagnumber 6]]CBDS[[tagnumber 7]] stock. Since the announcement we saw the ticker climb 178% in the last four sessions of last week, reaching a price of $2.95 in Friday and recording a daily dollar volume of $316 thousand.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Right how, however, [[tagnumber 6]]CBDS‘[[tagnumber 7]] market cap sits at $47 million which is quite steep considering the company‘s fundamentals. What adds to the trouble is that the company was unable to file its report for the second quarter of the year on time and is expected to do so by the end of the month.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Considering the fact that the increased interest that also pushed the price of [[tagnumber 6]]CBDS[[tagnumber 7]] up lies solely on the dividend distribution we can expect the ticker to retrace its steps and get corrected in the near future. Meantime, doing your due diligence and weighing all the risks before putting any money on the line is, as always, crucial.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]