CBD - Cannasouth Ltd

[Sideshow Bob]

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??

[Rawz]

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

[peat]

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

[nztx]

Dang missed that mini CDB advance ..

just as I missed the massive take off with AMC on the US market in recent days

[deez_nutz]

Dang missed that mini CDB advance ..

just as I missed the massive take off with AMC on the US market in recent days

I'm loving AMC at the moment, up 343% since i bought in a month ago - a lot of people would say you haven't missed the take off just yet - time will tell!

[peat]

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.

[peat]

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.

[deez_nutz]

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

[deez_nutz]

(duplicate post)

[peat]

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

yes of course - I'm just comparing to the only market I know hahah.
And when you think how their costs will be so much higher than illicit growers you do wonder how they'll make any good money.