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  1. #21
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    I think Hikurangi may have already done that bull down the coast there, but its called weed because its so easy to grow.So unless they can value add produce unique products alot will go up in smoke. Hikurangi are doing things like looking at the whole plant and mixing manuka honey with the ground up roots for example and coming uo with some innovative ideas.

    I got in to one or two of the plethora of marijuana stocks that appeared on the ASX a year or two back and got out quickly too with profits. many have fallen away since

  2. #22
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    Quote Originally Posted by Joshuatree View Post
    I think Hikurangi may have already done that bull down the coast there, but its called weed because its so easy to grow.So unless they can value add produce unique products alot will go up in smoke. Hikurangi are doing things like looking at the whole plant and mixing manuka honey with the ground up roots for example and coming uo with some innovative ideas.

    I got in to one or two of the plethora of marijuana stocks that appeared on the ASX a year or two back and got out quickly too with profits. many have fallen away since
    The goldrush begins - and as the old adage goes, the easy money is to sell shovels, buckets and food to the ever eager gold miners at exorbitant prices.

  3. #23
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    So what are you selling balance. Im out and gone btw with my nuggets

  4. #24
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    Yep I'll be joining into the IPO. Have stayed away to date from NZ companies to date (not my cup of tea). Will be good to join finally.

  5. #25
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    I received the PDS of Cannasouth Ltd. from ASB late this afternoon re offering 50 cents/share. But no, I'm NOT buying into this.

  6. #26
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    https://app.companiesoffice.govt.nz/...e87ba1decf949f

    Here is a direct link to the PDS of this company for those that are interested, although I am personally not interested.

  7. #27
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    I like it, but $50,000,000 MC I don't know about that seems too steep.

  8. #28
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    Capital raising starting 27th May and closing 14th June
    http://www.voxy.co.nz/business/5/338713

    Listing will occur on 19th June
    https://www.nzherald.co.nz/business/...ectid=12231770

    Annual Report 2019
    https://www.cannasouth.co.nz/investors/reports-news/

  9. #29
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    Well said Lewy. There is a place for medical THC in pain relief. I stand firmly in the scientist/analyst corner and will look for the investment opportunity for this be it NZ, Oz or US/Canada. Can’t be bothered with the emotion of those who form opinion solely from social media banging on about their human rights. Rather be watching for the next ATM!
    Last edited by whome; 19-05-2019 at 10:27 AM. Reason: added to post

  10. #30
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    No revenue, no products, perfect what could possibly go wrong. I'm in for flutter if I can get some.

  11. #31
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    I’ll put some punting money into this ..bit boring now WINX.AU has been delisted

    Quite a few from big end of town already shareholders (didn’t see percy’s Name amongst them though)

    Chair Tony Ho did OK out of running a seeds business and we’ll forgive him for being involved in Trutest
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  12. #32
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Quote Originally Posted by Baa_Baa View Post
    No revenue, no products, perfect what could possibly go wrong. I'm in for flutter if I can get some.
    They do have a product pipeline, but no idea how quick they will be offering these products
    https://www.cannasouth.co.nz/what-we-do/products/

  13. #33
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    Quote Originally Posted by silverblizzard888 View Post
    They do have a product pipeline, but no idea how quick they will be offering these products
    https://www.cannasouth.co.nz/what-we-do/products/
    Yes, funny how the products page says “what we do” but all of the ‘products’ say “what we will do”. When?

    Maybe this could be a PEB, all science and no sales? 🤔

  14. #34
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    This doesn't seem justifiable as an investment, does it?

    Firstly, the company requires some further regulatory change to be able to fully operationalise the fruits of its research. So if the regulatory change doesn't come, or come in a timely fashion, it's basically worthless.

    However, if the regulatory change does come through, then what prevents its overseas competitors from exporting into NZ and beating Cannasouth at its own game, as other posters have already said? I was in LA recently and a lot of mainstream pharmacies had CBD sections for example, so there are obviously loads of companies overseas that have a jump on Cannasouth.

    Things might be different if Cannasouth had some unique technology protected by patent or similar that it could take global but it doesn't sound like they have much (any?) of that. I note that the PDS talked about NZ being clean, green, pristine and all that but at the end of the day I don't see that making a huge difference...
    Last edited by Airw0lf; 19-05-2019 at 02:27 PM.

  15. #35
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    Quote Originally Posted by Airw0lf View Post
    This doesn't seem justifiable as an investment, does it?

    Firstly, the company requires some further regulatory change to be able to fully operationalise the fruits of its research. So if the regulatory change doesn't come, or come in a timely fashion, it's basically worthless.

    However, if the regulatory change does come through, then what prevents its overseas competitors from exporting into NZ and beating Cannasouth at its own game, as other posters have already said? I was in LA recently and a lot of mainstream pharmacies had CBD sections for example, so there are obviously loads of companies overseas that have a jump on Cannasouth.

    Things might be different if Cannasouth had some unique technology protected by patent or similar that it could take global but it doesn't sound like they have much (any?) of that. I note that the PDS talked about NZ being clean, green, pristine and all that but at the end of the day I don't see that making a huge difference...
    Actually for medical cannabis use has been passed into law and the current hold up is having a proper scheme in place which will be this year from what I have read.

    "The passing of the Misuse of Drugs (Medicinal Cannabis) Amendment Act late last year requires a medicinal cannabis scheme to be place. The Government has agreed to a 12-month horizon to get this work done. This will allow New Zealand companies like ours to manufacture medicinal cannabis products for both local and international markets."

    http://www.scoop.co.nz/stories/GE190...e-priority.htm


    "The Misuse of Drugs (Medicinal Cannabis) Amendment Act has been passed and is in effect but the Medicinal Cannabis Scheme is not yet in place. The quality requirements of the scheme will be developed and consulted on in 2019........We anticipate these regulations to be made by the end of 2019."

    https://www.health.govt.nz/our-work/...-and-producers

    The Government has signalled its intent to improve access to medicinal cannabis products for patients through the establishment of a Medicinal Cannabis Scheme. One of the proposals is to extend the current licensing regime to cover cultivation and manufacture of medicinal cannabis in New Zealand for commercial purposes.

    https://www.health.govt.nz/our-work/...nabis-products
    Last edited by silverblizzard888; 19-05-2019 at 03:03 PM.

  16. #36
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    Quote Originally Posted by Baa_Baa View Post
    Yes, funny how the products page says “what we do” but all of the ‘products’ say “what we will do”. When?

    Maybe this could be a PEB, all science and no sales? 樂
    Yeah I do agree it has a PEB like substance towards it. Could spend too much time and money developing the product and when the product is developed they would need to sell it in a crowded market place. Until they have a proper timeline and plan of sale, then I don't have an appetite for such an investment, unless the valuation was cheap enough to justify the risk, which currently doesn't appear so.
    Last edited by silverblizzard888; 19-05-2019 at 03:08 PM.

  17. #37
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    Quote Originally Posted by silverblizzard888 View Post
    Actually for medical cannabis use has been passed into law and the current hold up is having a proper scheme in place which will be this year from what I have read.

    "The passing of the Misuse of Drugs (Medicinal Cannabis) Amendment Act late last year requires a medicinal cannabis scheme to be place. The Government has agreed to a 12-month horizon to get this work done. This will allow New Zealand companies like ours to manufacture medicinal cannabis products for both local and international markets."

    http://www.scoop.co.nz/stories/GE190...e-priority.htm


    "The Misuse of Drugs (Medicinal Cannabis) Amendment Act has been passed and is in effect but the Medicinal Cannabis Scheme is not yet in place. The quality requirements of the scheme will be developed and consulted on in 2019........We anticipate these regulations to be made by the end of 2019."

    https://www.health.govt.nz/our-work/...-and-producers

    The Government has signalled its intent to improve access to medicinal cannabis products for patients through the establishment of a Medicinal Cannabis Scheme. One of the proposals is to extend the current licensing regime to cover cultivation and manufacture of medicinal cannabis in New Zealand for commercial purposes.

    https://www.health.govt.nz/our-work/...nabis-products
    Thank you for the clarification, I think I had my understanding nearly correct in that I knew some kind of further regulations were intended to be developed - i.e., the medicinal cannabis scheme. However, from what I know of how government works, end of 2019 for regulations to be developed might become end of 2020?

  18. #38
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    I think the way to make money on this one is to buy at the right price (obviously) then sell during all the strong feelings when the referendum happens in 2020, before the results... or hold if you're confident it's going to pass.

    I don't know about the latter, but there will definitely be a lot of exposure / advertising of these stocks at that time, that will likely push the price up.

    I won't be joining in.

  19. #39
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    New Zealand’s first weed IPO launches today. Should you buy in?

    https://thespinoff.co.nz/business/27...ld-you-buy-in/
    bull
    One step ahead of the herd

  20. #40
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    Quote Originally Posted by bull.... View Post
    New Zealand’s first weed IPO launches today. Should you buy in?
    https://thespinoff.co.nz/business/27...ld-you-buy-in/
    Easy decision for me.....NO.

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