CBD - Cannasouth Ltd

[peat]

merger sounds good in theory, economies of scale, grower boffins sharing ideas, etc etc, but at least in the short term it adds further risk and its difficult for shareholders to gauge the value of the acquisition.

[nztx]

Holy heck .. there will be a marriage but both the bride & groom's relatives & family all
have to pay for their own tickets to ensure the party is large & loud enough

when's the first dividend expected to be hatched out of this shotgun arrangement
obviously chopped into smaller pieces on a larger chopping board ?

bound to be a further Cap raising for the next celebration too and so forth
probably until the cows stop coming home (probably got into the wrong field
and got high on the good stuff)

Perhaps PPH might be able assist with the money collection side of things
even turn it into a regular donation program to support an ever growing
number of dependents onboard

[partya]

This is from an advanced stage cannabis company that has just gone into liquidation -

'Unfortunately, there is no good news to share regarding the New Zealand cannabis industry. Although the long-term prospects of the industry might be strong, the risky nature and small size of New Zealand’s cannabis businesses mean there is no real institutional interest. The companies are still very far away from being profitable and the investors’ support is not there anymore. The tough regulatory scheme, the pandemic, and now the inflationary and geopolitical environment have made the survival of the New Zealand cannabis companies extremely difficult.'

Unfortunately the evidence would suggest this statement is true.....

[shareman]

GFI.NZX is a joke, don't go near it

[Baa_Baa]

GFI.NZX is a joke, don't go near it

The market also hates CBD, for good reason, it has no product or sales, just expenses, wait until it does something useful like make a product and sell it for a profit, then the market might re-rate it, and don't buy-in until it does. This is spec 101.

[shareman]

None of these companies are earning, that's the problem, it's a very high risk sector

[kiora]

Something that surgeons should be aware of?
"One reason: Patients who regularly use cannabis may experience worse pain and nausea after surgery and may require more opioid analgesia, the group said."
https://www.medscape.com/viewarticle...&impID=5079640

[peat]

The market also hates CBD, for good reason, it has no product or sales.

Look, I'm not denying this is a risky business and my investment is only tokin' , but its important we don't just blow smoke (of any kind ) out of our arse.

I quote from a CBD announcement three months ago

Cannasouth is now generating revenue from the sale of medicines in New
Zealand.

[nztx]

Look, I'm not denying this is a risky business and my investment is only tokin' , but its important we don't just blow smoke (of any kind ) out of our arse.

I quote from a CBD announcement three months ago

Cannasouth is now generating revenue from the sale of medicines in New
Zealand.

they possibly missed 'at great cost' out of things, no small token..
I'm sure somewhere in their reporting there must be reference to expenses gobbling up revenue
many times over ?

[Sideshow Bob]

https://www.nzx.com/announcements/407626

Revenue of $141k, total loss of $8.2m, cash in the bank of $1.91m, operating cashflows of -$5.36m.

Market cap of $43m.

What can possibly go wrong....??