27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Cannabis company Avicanna Inc. (TSX:AVCN) (OTC:AVCNF) reported third-quarter revenue of CA$4,943 ($3,737.80), down from CA$35,166 in the same quarter last year. Shared traded up, however, as the company is in a pre-revenue phase, focused on building up is assets, and only started selling its products a few weeks ago.
Down this line, the company posted a net loss for the quarter of CA$6.19 million versus a net loss of CA$2.07 million in the third quarter of 2018.
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It disclosed a loss per basic and diluted share of CA$0.33, higher than a loss per share of CA$0.14 in the corresponding quarter of the previous year.
During the third quarter, the company produced the first commercial batch of Pura Earth branded derma-cosmetic products; obtained a Health Canada cannabis research license; entered a joint venture with Sigma Analytical Services for the testing of cannabis and cannabis-based products in Colombia; signed an agreement with the University of Guelph to test the effectiveness of its products in various conditions; and added 120,000 square feet of cultivation space.
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"We have built tremendous momentum and have connected several international verticals into a unified vertically integrated model in recent months,” CEO Aras Azadian said in a statement. “During this time, we have initiated several revenue streams through our various product lines, which we expect to drive the company's future growth.
Years of hard work and R&D are coming together to result in commercial cannabinoid products at a time when global market demand is increasing, Azadian said.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.