CannaVEST Corp (OTCMKTS:CANV) Makes A Small Step Up

[[tagnumber 0]][[tagnumber 1]]After climbing up the charts in March we saw CannaVEST Corp (OTCMKTS:CANV) get severely corrected. The ticker managed to regain almost all of its previously acquired value in the beginning of last month, but was more hesitant in its second half, settling back a bit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]CANV[[tagnumber 7]] recorded four consecutive sessions in the red starting April 28 and sunk to $0.43 per share in the end of Tuesday’s session. Still, the market cap of the company isn’t that big compared to the large numbers contained in its balance sheet. Here is a quick example of [[tagnumber 6]]CANV’s[[tagnumber 7]] financials at the end of the fiscal 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $518 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $16.6 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $2.45 million[[tagnumber 15]] [[tagnumber 14]]net sales: $11.53 million[[tagnumber 15]] [[tagnumber 14]]net loss: $12.23 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]CANV[[tagnumber 7]] is one of the few potstocks that actually had some success in the sector and these numbers are a testament to that. Still, there is the matter of the notes that the company had to issue last year that convert into shares of common stock at hefty discounts to the current price of the stock. We discussed that in more detail in our previous article.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the slide that dominated the beginning of this week we finally saw [[tagnumber 6]]CANV[[tagnumber 7]] close in the green yesterday. The company issued a press release and we saw the ticker climb 10.47% in value and closed at $0.475. A total of 638 thousand shares switched hands and generated $304 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There was some positive movement in today’s trading as well. [[tagnumber 6]]CANV[[tagnumber 7]] reached above the 50 cent per share mark earlier, but is now sitting at $0.49 a pop.[[tagnumber 2]]