What a joke!
Peaked at $1.21 at the end of August last year, and generally been a pretty steady downward ski slope since then, bottoming out about 39c.
Pops back up to 48c and then the NZX enquire about the price?? :lol::lol::lol:
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What a joke!
Peaked at $1.21 at the end of August last year, and generally been a pretty steady downward ski slope since then, bottoming out about 39c.
Pops back up to 48c and then the NZX enquire about the price?? :lol::lol::lol:
NZX probably want to stop another bs run up to $1.20.
A lot of first time investors got smoked on this stock last year.
Good guy NZX for watching this like a hawk
bought some yesterday at 44 as a punt on the retracement from the recent 'please explain rise'
up this morning already!!
just a smart aleck trade.... so not recommended to anyone else
Dang missed that mini CDB advance .. ;)
just as I missed the massive take off with AMC on the US market in recent days ;)
new info released with some financials!!
Please note that the CEO commentary releases capacity and revenue potential
information relating to the Company's joint venture cultivation facility to
the market for the first time as follows:
Cannasouth Cultivation's current facility has the capability to produce
between 1500 kg - 1800 kg per annum, depending on the variety grown. Current
wholesale pricing estimates for this flower ranges between $3,500 p/kg and
$10,000 p/kg, depending on the market, cannabinoid profile and quality
standard achieved.
Using a market price of $4,500 p/kg, phase one of the facility can produce
circa $8 million in annual revenue.
We are in negotiations with several prospective customers to place these
first harvests and exports are expected to begin in early 2022.
quite frankly I am disappointed in the prices they suggest are attainable.
even the top price they quote of $10,000 per kg is actually less than $300 an oz. so they would do better to sell it on the black market. weed can go for up to $450/oz if its good
at $4500 per kg its only around $130/oz which is cheap as chips on the street.
I guess its a different playing field - the competition for Cannasouth is not the black market, it is other (overseas) medicinal cannabis companies and legal cultivators. $450 an oz is more of a reflection of the amount the NZ blackmarket consumer is being ripped off by their dealer
(duplicate post)
chart looks promising to me....
Cannasouth to Consolidate Operations
https://www.nzx.com/announcements/375070
I don't have a problem with this tbh, this was always going to be a long game.. anyone expecting revenue in the first 3 years were being overly optimistic imo.
They were always planning on buying Midwest from what i recall (had the option to buy outright within 3 years or so from when the JV was announced), as for cultivation - who knows, maybe the referendum had something to do with it? I think its a great move - 100% ownership = 100% profit?
I'm cant see any benefits of being a shareholder in this SSP and general retail offer.
I would've thought there'd be something in it for holders even if it was just an extra option or something.
Half year figures out, gone to pot.
Cash burn, baby burn.https://youtu.be/A_sY2rjxq6M
CBD at an inflection point so no worries
Bright profitable future ahead
Ah, you have 'high' expectations Winner.
We thought you were on the Speed, not the Weed.