CBD - Cannasouth Ltd

[justakiwi]

Just stumbled across this and I have to say, I am quite impressed. Not holding and don’t intend to at this point, but I found the video very informative.

https://www.facebook.com/cannasouth/videos/150831416260392/

[deez_nutz]

They seem to do a decent job with their content/videos - definitely informative

[aquaman]

Running out of funds already or just worrying about the next 12-18 months.... or both?

Cannasouth Limited (NZX:CBD), New Zealand's first and only listed medicinal

cannabis company, is pleased to announce the opening of a $3 million share

purchase plan ("SPP") today.

Eligible New Zealand shareholders and Wholesale investors in Australia will

receive their personalised application forms to apply for up to a maximum of

NZ$50,000 of new shares per shareholder, at $0.38 per share. The issue price

comprises a 20.65 % discount on the five day volume weighted average price of

CBD shares traded on the NZX during the last five trading days prior to the

date of this announcement.

[huxley]

CBD has been approached by a professional Custodian company that holds CBD shares for a largenumber of its client investors, requesting that the minimum application amount under the SPP (which iscurrently set at $100.00) be removed so as to enable more of its clients to invest into the SPP.The CBD Board has agreed to vary the terms of the SPP such that:1. There is no minimum application amount in terms of the SPP;2. There is no minimum multiple of investment that must be made.

Does this sound like Sharesies to anyone?

[mp52]

Does this sound like Sharesies to anyone?

Certainly does... Sharesies functioning as a proxy for trigger-fingers itching to vote on the referendum - making do with their wallets in the meantime.

News of the SPP sent me on a full catch-up on this thread and very entertaining and informative it was too. Always interesting to see frequency of commenters posts vis-a-vis price of a stock.

So, helluva unfortunate timing for a capital raise. With the Sharesies crowd doubling down this is likely to be a crazy couple of months for CBD especially after an earnings report.

[Cadalac123]

Certainly does... Sharesies functioning as a proxy for trigger-fingers itching to vote on the referendum - making do with their wallets in the meantime.

News of the SPP sent me on a full catch-up on this thread and very entertaining and informative it was too. Always interesting to see frequency of commenters posts vis-a-vis price of a stock.

So, helluva unfortunate timing for a capital raise. With the Sharesies crowd doubling down this is likely to be a crazy couple of months for CBD especially after an earnings report.

Sharesies really loves to exploit their customer base, making random people in the community who don’t know the dangers of investing dump money in with all the investing is easy advertising they do lol

[tomm]

https://www.stuff.co.nz/business/far...cinal-cannabis



Estimated to reach $55 billion by 2025, the medicinal cannabis industry is one of the fastest growing in the world.
In New Zealand, the Ministry of Business, Innovation and Employment forecasts a strong market opportunity in the next 10 years. The pharmaceutical cannabis segment is expected to reach $320 million - $50m from within New Zealand and $250m in export sales. The broader cannabis health product segment could represent a $1b market opportunity per annum.

With legalised medicinal markets including 30 countries in Europe, and burgeoning opportunities in Asia, the export opportunities for high-quality certified New Zealand-grown cannabis are enormous.
The scheme allows exporting from the get-go. What’s more, the country’s quality standards for medicinal cannabis are the highest in the world, helping ensure global confidence in products from the outset - already enhanced by New Zealand’s clean, green image.
With the Medicinal Cannabis Scheme now in place, this Government’s next task is to lead the successful enablement of our new industry, and we’ll do the rest.
If indeed we do it well, there’s every reason medicinal cannabis will prove extremely lucrative for our country this century.

[RGR367]

https://www.stuff.co.nz/business/far...cinal-cannabis

.....................

What’s more, the country’s quality standards for medicinal cannabis are the highest in the world, helping ensure global confidence in products from the outset - already enhanced by New Zealand’s clean, green image.

Is this proven? It could just be like our CoVid-19 border control and Pure 100% campaign isn't it? All for just to feel good effect

[tomm]

Is this proven? It could just be like our CoVid-19 border control and Pure 100% campaign isn't it? All for just to feel good effect

With the Medicinal Cannabis Scheme now in place, this Government’s next task is to lead the successful enablement of our new industry, and we’ll do the rest.

[tomm]

Medicinal cannabis regulations confirmed: Five things you need to know

https://www.newshub.co.nz/home/polit...d-to-know.html