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19-12-2022, 09:27 PM
#631
merger sounds good in theory, economies of scale, grower boffins sharing ideas, etc etc, but at least in the short term it adds further risk and its difficult for shareholders to gauge the value of the acquisition.
For clarity, nothing I say is advice....
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19-12-2022, 11:34 PM
#632
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20-12-2022, 02:34 PM
#633
Member
This is from an advanced stage cannabis company that has just gone into liquidation -
'Unfortunately, there is no good news to share regarding the New Zealand cannabis industry. Although the long-term prospects of the industry might be strong, the risky nature and small size of New Zealand’s cannabis businesses mean there is no real institutional interest. The companies are still very far away from being profitable and the investors’ support is not there anymore. The tough regulatory scheme, the pandemic, and now the inflationary and geopolitical environment have made the survival of the New Zealand cannabis companies extremely difficult.'
Unfortunately the evidence would suggest this statement is true.....
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20-12-2022, 08:13 PM
#634
Member
GFI.NZX is a joke, don't go near it
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20-12-2022, 09:05 PM
#635
Originally Posted by shareman
GFI.NZX is a joke, don't go near it
The market also hates CBD, for good reason, it has no product or sales, just expenses, wait until it does something useful like make a product and sell it for a profit, then the market might re-rate it, and don't buy-in until it does. This is spec 101.
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21-12-2022, 10:35 AM
#636
Member
None of these companies are earning, that's the problem, it's a very high risk sector
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13-01-2023, 09:11 AM
#637
Something that surgeons should be aware of?
"One reason: Patients who regularly use cannabis may experience worse pain and nausea after surgery and may require more opioid analgesia, the group said."
https://www.medscape.com/viewarticle...&impID=5079640
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13-01-2023, 09:34 PM
#638
Originally Posted by Baa_Baa
The market also hates CBD, for good reason, it has no product or sales.
Look, I'm not denying this is a risky business and my investment is only tokin' , but its important we don't just blow smoke (of any kind ) out of our arse.
I quote from a CBD announcement three months ago
Cannasouth is now generating revenue from the sale of medicines in New
Zealand.
For clarity, nothing I say is advice....
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14-01-2023, 08:48 AM
#639
Originally Posted by peat
Look, I'm not denying this is a risky business and my investment is only tokin' , but its important we don't just blow smoke (of any kind ) out of our arse.
I quote from a CBD announcement three months ago
Cannasouth is now generating revenue from the sale of medicines in New
Zealand.
they possibly missed 'at great cost' out of things, no small token..
I'm sure somewhere in their reporting there must be reference to expenses gobbling up revenue
many times over ?
Last edited by nztx; 14-01-2023 at 08:51 AM.
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02-03-2023, 09:02 AM
#640
https://www.nzx.com/announcements/407626
Revenue of $141k, total loss of $8.2m, cash in the bank of $1.91m, operating cashflows of -$5.36m.
Market cap of $43m.
What can possibly go wrong....??
Last edited by Sideshow Bob; 02-03-2023 at 09:03 AM.
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