CBD - Cannasouth Ltd

[peat]

as expected....
first commercial crop soon.

[aquaman]

Study suggests "weed" may be the next weapon against covid.
https://www.foxnews.com/health/covid...ompounds-study

[partya]

Has anyone heard any news about the first harvest, which was supposed to be late 2021?

CBD seem to be a bit behind their competition in the communication stakes unfortunately.....

[partya]

Wow, just when you thought the share price could not get any lower - $0.285!!!

These guys remind me a bit of Blis Technologies - good ideas, but poor commercialisation and communication.

Either they're nearly dead in the water or they've got a positive announcement to make and a bit of inside trading is going on.........

[deez_nutz]

Still holding!

https://www.nzx.com/announcements/395328

[peat]

Still holding!

https://www.nzx.com/announcements/395328

Same!
I have a few in my Sharesies account, and I'm only under water about 10% now. which isnt too bad for a very risky and not particularly rational investment.
I only bought after the cannabis rush but still paid too much, oh well never mind... maybe it will continue higher after this latest deal. Havent read the detail of that but I guess my view is that if you can grow the good stuff there will always be a buyer, so the only real question is can they grow the perfect product year after year.
Let us see.
Horticulture is risky.
It costs a lot to control the environment in every aspect but is the only way to go for regular repeated cycles.

I couldnt make it to the CEO's presentation today but I've got a link somewhere........

[Sideshow Bob]

More money required.....

Cannasouth to launch a pro-rata renounceable rights issue - NZX, New Zealand’s Exchange

[HITMAN]

Looking like they didn't raise as much money as hoped, or have I missed something. The surprising thing is how much the rights were trading for.

[Sideshow Bob]

https://www.nzx.com/announcements/404318

Cannasouth Limited (NZX:CBD) is pleased to announce that it has signed a binding term sheet (“Term Sheet”) with the Board of Bay of Plenty based, medicinal cannabis company, Eqalis Group New Zealand Limited (Eqalis) to advance a 50:50 merger between the two companies.

[aquaman]

And another capital raise in the new year...