CBD - Cannasouth Ltd

[winner69]

All I know is that %ages cannot go to infinity

[dabsman]

1 1 was a racehorse
2 2 was 1 2
1 1 1 1 race
2 2 1 1 2

[Mahoy]

And they’re off!

[VictimOfOCR]

Cannasouth receives first commercial licence from MoH

https://www.nzx.com/announcements/359936

[dabsman]

A pretty big milestone. Might get it back into the sharsies facebook discussion...

GENERAL: CBD: Cannasouth receives first commercial licence from MoH

New Zealand's only NZX listed medicinal cannabis company, Cannasouth Limited
(NZX:CBD, Cannasouth), is pleased to announce that its wholly owned
subsidiary Cannasouth Plant Research New Zealand Limited (CSPRL) has been
granted the first of its required licenses to cover the commercial activities
of the group under the New Zealand Medicinal Cannabis scheme.

This first license covers CSPRL's Hamilton site and allows both medicinal
cannabis cultivation and possession for manufacture with certain authorised
activities.

CEO Mark Lucas says "this is an important milestone in Cannasouth's
transition from a research and development company to a commercial medicinal
cannabis company." "As a company, we look forward to supplying New
Zealand-produced, next-generation medicinal cannabis products for local and
export markets, and this is another step in that journey."

Additional licenses are being applied for to cover the cultivation activities
of joint venture partner Cannasouth Cultivation Ltd (CCL) and the commercial
extraction and manufacture activities of subsidiary Midwest Pharmaceutics NZ
Ltd (MWL).

[tomm]

Marijuana use increases pain after surgery, requires more anesthesia, study finds

(CNN)If you think smoking or ingesting weed helps control pain of all types, think again.

Using marijuana before entering the hospital for a surgical procedure can make your pain during recovery significantly worse, according to research presented Monday.

https://edition.cnn.com/2020/10/05/health/weed-pain-anesthesia-increase-wellness/index.html

[ShouldHaveHeld]

Usually people who have surgery don't consume anything as advised by the docs etc. Think you'd be pretty stupid to smoke one before surgery!

[thegreatestben]

You can't cure stupid!

I had the displeasure of sudden onset of kidney stones on NYE last year. Hospital staff kindly and very promptly pumped me with liberal amounts of morphine and a couple oxy's. Ended up having a really great New Year!! Way better than a lousy joint.

Still voting yes though.

[trader_jackson]

For a company formally founded barely 2 years ago and yet to generate any revenue, you'd think that the co-founder and Executive Director wouldn't be wanting to retire so soon...
https://www.nzx.com/announcements/361110
Probably best to get out before the share price (and possibly company) collapses I suppose...
$110m market cap for a company that looks to be built on smoke and mirrors

[tomm]

• Their shares initially increased, some more than 500%, as investors priced in their anticipated success. The companies took this opportunity to raise more and more money at higher prices and use it to fund their growing sales teams and research budgets, build glasshouses and other infrastructure ahead of demand, and invest in joint ventures and acquisitions of other related businesses. Cannasouth has, so far, look to follow a similar path.
• After about two years, sentiment appears to to wane as company earnings routinely missed investor expectations. This led to a prolonged fall in share prices, with almost every company now below its listing price. Even three of the largest cannabis companies - Aurora, Tilray and Hexo Corp - have fallen more than 90%.

• This chart shows how a number of listed medicinal cannabis companies have performed leading up to, and after, cannabis legislation was reformed in their respective home countries. Each has different product sets, target markets and regulatory frameworks, but they have all shown a common trend: unnamed.jpg