CannaVEST Corp (OTCMKTS:CANV) Loses Another Quarter Of Its Value

[[tagnumber 0]][[tagnumber 1]]CannaVEST Corp (OTCMKTS:CANV) did show  some improvement in October and managed to rise, hitting the $1 per share mark in early November. Unfortunately, the ticker began sliding more fiercely down the charts in the remainder of the past month, reaching new lows.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This all happened despite the fact that [[tagnumber 6]]CANV[[tagnumber 7]] has shown some pretty good numbers for an OTC marketplace listed entity in its reports. The latest one, covering the third quarter of the year was filed in the middle of last month and contained the following numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.12 million[[tagnumber 13]] [[tagnumber 12]]current assets: $20.1 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.15 million[[tagnumber 13]] [[tagnumber 12]]product sales: $4.15 million[[tagnumber 13]] [[tagnumber 12]]net loss: $989 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Certainly not bad, but a closer look in the report shows that the revenues have actually been declining, as most of the ones recorded in the last quarter have come from a one–time sale. Meanwhile, the company has picked up some convertible debt that carries a 40% discount upon conversion into common stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the blows that [[tagnumber 6]]CANV[[tagnumber 7]] is taking are pretty hard. The last session of the past week saw the ticker lose 25.58% of its value and it dropped to a new 52–week low of $0.32. In the meantime, we saw more than 435 thousand shares change their owners and generate $166 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]CANV’s[[tagnumber 7]] positions in the first session of this week look rather decent so far, but it doesn’t seem that the ticker will be able to recover from the huge loss that it suffered on Friday. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]