Carvana Shares Down 97% But the Car ATM Machine CEO Made Billions, CEO’s Father Sold $4 Billion Carvana Stock and Controls 85% of the Company.
From Gravel Used-Car lots to Glittering Car ATM
Carvana was a spectacular Pandemic Success Story, in the heydays of market euphoria, Caravna was worth more than $60 Billion, and the CEO and his family’s stake in the company was worth $23 Billion. However, today Carvana is worth just $1 Billion.
What Happened?
Rapid expansion increased company’s debt and liabilities to unsustainable level, high interest rates and inflation crippled sales outlook and the company’s ability to pay lenders has diminished considerably.
The Wall Steet darling and Robinhood maniacs favortie stock is running on fumes!
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The Company, SEC Filings, Wall Street Journal
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Orchid Ventures Inc., ORCD, ORVRF, Profile, Summary
Orchid Ventures Inc., (CSE:ORCD) , (OTC:ORVRF), is an innovative and vertically integrated company offering high-quality handcrafted cannabis products to consumers. After extensive research and development, the flagship Orchid Ventures, Inc. brand, Orchid Essentials, launched in 2017. Orchid partnered with the leading manufacturer in vape hardware to create sleek and discrete delivery systems. These unique cartridges are powered by a long-lasting, heavy-duty battery with variable power settings. Additionally, Orchid partners with a team of scientists to create extracts made with strain-specific profiles utilizing cutting-edge terpene reintroduction technology to ensure each batch produces uniform flavor and effect. Combined, the cartridges and battery provide what many say to be the best experience for vaporizing cannabis and CBD.
The company is poised to meet the increasing demand from the fast-growing recreational market and the rapidly expanding CBD health-enhancing products market. According to Arcview Market Research and BDS Analytics, the global cannabis market is poised to reach $57 billion in size by 2027. The U.S. cannabis market is in line to reach $23 billion by 2025, based on New Frontier Data’s research.
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Sharc™ technology is saving municipalities and businesses millions of dollars, and helping dramatically reduce harmful carbon emissions and assisting clients meet the stringent Federal, State and Local carbon emission rules.
Clients & Strategic Partners
