CannaVEST Corp (OTCMKTS:CANV) Crashes On Positive News

[[tagnumber 0]][[tagnumber 1]]People who decided that CannaVEST Corp (OTCMKTS:CANV) is a good investment choice in the beginning of last year were heavily disappointed. Others, who thought the same thing in the beginning of this year are also not happy with their decisions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]So far, 2015 has been quite horrible for [[tagnumber 6]]CANV [[tagnumber 7]]and its shareholders. The company stock went from being traded at more than $4 per share to below $1 more recently, despite the fact that the numbers contained in its quarterly report for the first quarter of the year look quite impressive compared to other OTC entities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2.3 million[[tagnumber 13]] [[tagnumber 12]]current assets: $16.8 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $664 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: $10.19 million[[tagnumber 13]] [[tagnumber 12]]operating loss: $8.55 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the progress in revenues we see that the expenses are also getting higher at the same pace. The current market cap of $27 million seems a bit steep for some investors and we can’t blame them for the fact that [[tagnumber 6]]CANV[[tagnumber 7]] is hitting a 52–week low after a 52–week low.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the positive news about the pending litigation with Medical Marijuana Inc (OTCMKTS:MJNA) that came out yesterday we saw the ticker lose another 21.57% of its value and drop below the $1 per share mark to close at 80 cents with a total of 189 thousand traded shares that generated $168 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today we see the ticker show a bit more stability and [[tagnumber 6]]CANV [[tagnumber 7]]is nearly 10% in the green as of the writing of this article. Considering the stock’s volatility, however, you should be sure to do your own due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]