heading back to highssss soon ?
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heading back to highssss soon ?
patrick gowers doco on weed last night was good. nearly made me cry his guilt on not helping his mum with her pain.
https://www.stuff.co.nz/entertainmen...for-his-mother
yeah that was a really touching moment - can see why there is so much interest in this - pretty sure most people would have someone in their life who could benefit in some way from medicinal cannabis
Australia’s capital city legalizes marijuana
https://www.cnbc.com/2019/09/25/aust...marijuana.html
think it shows how the world is moving and nz is getting left behind. cbd wont exist unless nz moves with world wide trends. bit like hemp if nz had moved years ago we would have had a very big job employing industry here by now. if we move to late on weed it will be someone else outside nz enjoying the fruits eventually selling to nz. and medical weed and recreational weed growing compliment each other for business purposes.
For those that are interested in what the competition is up to (gives you a sense of the size of the challenge that's ahead of CannaSouth):
https://www.asx.com.au/asxpdf/201910...tgqblf0p00.pdf
It strikes me that CBD has some similarity to PEB.
Both have a medical product which is going to have to get a whole bunch of regulatory and other acceptances and approvals before they can get into the mass market they're aiming for.
Until then, it's pretty much a matter of waiting for the price to fall to somewhere south of 20c, then picking up enough to make the punt worthwhile.
i think it has pretty much passed regulation
Medicinal cannabis bill passes, with regulated market promised within a year and a legal defence until then
https://www.stuff.co.nz/national/pol...nce-until-then
and i see cbd are positioning for manufacturing
Cannasouth expands with 60% stake in Midwest Pharmaceutics
http://www.scoop.co.nz/stories/BU191...rmaceutics.htm
I am wondering...are we going to attending the CannaSouth Road Show's Invitation in Auckland next week?
Note: Change Of Location To as below:
Cannasouth Investor Roadshow
Cannasouth looks forward to your attendance at the Investor Roadshow in Auckland
Details for the event are:
Auckland:
Wednesday 16th October, 4:30pm
New Venue:
Pullman Auckland
Cnr Princes St & Waterloo Quadrant
Please note: Due to high registrations for this event we have secured a larger space at a new venue nearby.
Previously Karstens Auckland, Queen Street, now Pullman Auckland, cnr Princes Street & Waterloo Quadrant.
We apologise for any inconvenience this change of venue may cause.
As I see it, both PEB and CBD have regulatory hurdles to clear, as well as gaining acceptance by the professionals. PEB demonstrates that this may be neither quick nor easy.
Historically, I put some money in the Horizons Medical Marijuana ETF (HMMJ) back in 2017 at CAD9.20-odd.They peaked at CAD24.80-odd but I was a little slow and sold out in 2018 at CAD18.77 The price is now CAD10.36.
This leads me to think that the "easy" money in cannabis has, by and large, already been made, and that now it's a matter of waiting until CBD becomes cheap enough to punt on, or starts to pay dividends.
I see neither as a short term option.
You are absolutely right, Cannasouth CBD will get it's momentum once the regulations are passed ( might). The company is doing very thoughtfully step by step, recruiting the right person for the big project, buying stakes into productions , preparing a boom instead of grow , grow, grow the weeds and burning cash in the mean waiting time.