Anyone looking at Cannsouth? They plan to list on the NZX mid 2019.
It looks to be the industry with big growth potential.
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Anyone looking at Cannsouth? They plan to list on the NZX mid 2019.
It looks to be the industry with big growth potential.
As was reported in October last. Any further news?
https://www.stuff.co.nz/business/108...listing-on-nzx
Assuming the law is passed allowing people to poison me with 2nd hand psychotropic smoke... and i think it will... these should be worth more immediately after the law passing, due to sentiment.
However, these companies are not well understood by investors, and businesses in this sector are often badly run in my experience (who'd have thought!). Additionally, anything to do with medical research carries risk (i.e. it may transpire after some completely unbiased research that a joint a day keeps the doctor away, but only a particular strain that isn't stocked by the cannabis company you invested in - sorry. Or even that it's not accepted by mainstream doctors - look at nzx.peb).
Also, I expect these to be overpriced shares because of popularity from folk that don't know how to do a valuation but think that is a good investment and place a bid at the market price, whatever it is.
I imagine they'll end up with not much institutional investment in the very long term because of this.
On a side note: I just think it's great when the govt ask the public for the answer to policy questions that require scientific knowledge and research that Joe Bloggs couldn't possibly be able to answer, but has a poorly founded and strong opinion about (fluoride). It's even better when they ask the public to make decisions on whether or not to do something without informing them how it will be done (brexit). And great to know that all of the above happens because someone wants to get ahead politically, at any cost (Jacinda and cannabis), and that the system allows this (mmp coalitions). I already love that as a non smoker, when my neighbor smokes, he kindly shares that with me every time i leave my windows open. I can't wait to get into something as healthy as cannabis is going to be for me.
Well, that seems to cover everything! No, I won't be investing either.
;)
I think we're such a long way behind Aus and Canada on this that it's unlikely that any NZ company will make much headway.
https://www.stuff.co.nz/business/108...listing-on-nzx
Freudian slip or subliminal programming?
"Cannasouth is likely to benefit from the enthusiasm surrounding fund raising for such ventures, and the backing of former Federated Farmers chief executive, Conor English, who will soon joint the board."
Podcast from Darcy Ungaro with guests Mark Lucas and Nic Foreman of Cannasouth. This was released on 21 Jan 21019 but I think it was recorded last year.
nz is way behind countries like canada , australia in cannabis research , even the us has just passed the farm bill legally allowing hemp production. i think alot of companies in nz will just be jumping on the band wagon hoping to make a quick buck
i favour a legalised pot industry run , taxed and dispensed by the govt myself. growers can sell to the govt and private companies are left to make money from the medical side of things.
This is quite an interesting article,seems some of the interested companies might not be up to scratch management wise,with one particular company being "perceived as not operating in the best interest of shareholders"
https://www.fool.com/investing/2018/...-lawsuits.aspx
Are we going to have more problems in the future....
https://www.nhs.uk/live-well/healthy...bis-the-facts/
Yes i like this set up too.
And like most things,used in moderation is just another recreational, creative pastime unlike Tobacco which insanely is legal still.
A problem is you can go to work the next day after a heavy drinking session but THC stays in your fatty tissue for some time long after the "high" has gone so how do you regulate say a bus driver who smoked a joint or vaporised a small bud the night before to relax after a long intense day at work.? Maybe they will get better testing which can indicate how recently you were partaking.
Cannabis Smoking Associated With Higher Sperm Count, Study Finds
https://www.bloomberg.com/news/articles/2019-02-06/cannabis-smoking-associated-with-higher-sperm-count-study-finds?srnd=premium-asia
It’s not necessary to be an expert on fluoride to have an informed opinion because experts write articles and books as well as do NZ public lecture tours to educate the public. There is also wealth of information on the internet for those who wish to be more knowledgeable. Most of those speaking out against fluoride are informed and concerned because fluoride is a highly toxic chemical and it has detrimental effects on some people’s health.
https://fluoridefree.org.nz/about/
It's not necessary to be an expert to have an opinion, and its not necessary to be an expert to vote. This is my problem; not whether fluoride is good or bad.
Its a scientific matter, average joe (including myself) doesnt have access or the time to investigate sources of data, backgrounds of funding, full detailed reports rather than scientific journalism (which is usually inaccurate), and doesnt have the awareness or correct approach of how to make these decisions (ie its bad for you but also good for you, x people may experience problems but y people get benefits. decisons on vaccines are done this way - 3 people will die but 4million wont get xxx disease).
I too have an opinion on fluoride (which has a 50% chance to be wrong), but think the public should only be engaged when a matter of pure opinion/ desire is involved, and one largely without an ethical challenge if possible. People shouldnt be voting on which science they believe. If thats unclear, commission more research. If science was based on polls, marketing and involved the average joe (who is usually an idiot), e=mc2 could be e=mc3
Interesting although inconclusive read, The weed companies will be keen to add another "benefit" and reason to legalise it.Fine by me.
He said: "As the authors point out, men with higher sperm concentrations are likely to have more testosterone in their bodies and thus may be more likely to smoke marijuana because simply they are willing to take more risks.
"In conclusion, I am not convinced that this paper moves us any further forward in this debate.
"Moreover, nor does it give support to any apparent fertility benefits of smoking marijuana.
"In my opinion, this should be avoided at all costs in any couples trying to start a family."
I tend to agree, what commercial advantage would any of these companies have over the incumbant large producers? I feel is going to be another hyped ag industry which will leave a small amount of people in the $$$ (mostly taken from investors) and a whole lot burned.
As an aside, there is a few farmers in South Canterbury looking into incorporating hemp as a rotation crop. NZyarn have got the gear on order to process and spin the fibre