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  1. #1
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    Default RUA BIOSCIENCES ( Hikurangi)

    Rua Bioscience |



    New Zealand medicinal cannabis company, Rua Bioscience, has secured an export partnership with German distributor Nimbus Health.Nimbus Health is an independent pharmaceutical wholesaler with warehouses near Frankfurt that specialises in the importation and distribution of medicinal cannabis products into Germany. The company provides pharmacies across Germany with pharmaceutical-grade medicinal cannabis products for patient prescriptions.
    Rua Bioscience CEO, Rob Mitchell says, “Germany is Europe’s most mature medicinal cannabis market and we are proud to be the first New Zealand company to announce a binding export agreement with a reputable distributor there.”
    “Our agreement with Nimbus Health means Rua Bioscience is their exclusive New Zealand supplier and we are creating unique cannabis medicines together to serve the patient base in Germany more efficiently. This provides certainty for our production goals and signals international confidence in our ability to produce pharmaceutical-grade cannabis medicines,” says Rob Mitchell.
    Linus Weber, founder and managing director of Nimbus Health says he is excited to have signed an exclusive agreement with Rua Bioscience to supply German patients with medicinal cannabis from New Zealand.
    “Our mission is to supply patients in Europe consistently with the highest grade of medical cannabis products from reliable sources in a sustainable manner – and Rua is well positioned to help us achieve this goal.”
    Nimbus Health currently supplies pharmacies serving over a quarter of the 75,000 ongoing patients using medicinal cannabis in Germany. Around 60 per cent of prescriptions have full medical insurance reimbursement and over 2,500 German doctors currently prescribe cannabis for a wide range of conditions.
    Rua Bioscience Chairman, Trevor Burt, says this partnership is a key milestone in progressing the company’s global export strategy.
    “The global medicinal cannabis market is estimated to be worth over one hundred billion by 2026 and with New Zealand being just a small fraction of that, it’s crucial that we connect our cultivation expertise and good horticultural practices with experienced international suppliers who can distribute our product further afield.
    “This export partnership expands on our established relationships with leading international cannabis researchers and ensures we are at the forefront of the global growth of our industry,” says Mr Burt.
    Since becoming licensed to breed, research, trial and import cannabis in 2018, Rua Bioscience has worked to establish the foundations required for an export-led growth strategy under the new Medicinal Cannabis Scheme that became operational in April.
    This work has included the harvest of the company’s first crop of medicinal cannabis flowers, coupled with strengthening of the company board and senior leadership with the appointment of Mr Burt as Chairperson, directors with global pharmaceutical, marketing and finance expertise and new CEO, Rob Mitchell.
    “Over the past 18 months, we’ve worked hard to ensure that we have the right strategy and people in place to grow and manufacture quality pharmaceutical-grade products.
    “While these partnerships reflect our focus on expansion internationally, economic development and job creation in Tairāwhiti remains a priority for the business.”
    Last edited by Joshuatree; 22-09-2020 at 12:08 PM.

  2. #2
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    Hiayayay Santa Banana another weed growing company!

  3. #3
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    Are you really a "senior" member.How have you got through life so ignorant?

  4. #4
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    good doco by gower againon weed last night on tv3
    bull
    One step ahead of the herd

  5. #5
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    Quote Originally Posted by Joshuatree View Post
    Are you really a "senior" member.How have you got through life so ignorant?
    WOW! I know you started the thread but how can that comment makes you so nasty already? Looks like you need to smoke more of that stuff man as you're not high enough yet.

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    ignorant. Do you even know what CBD is, just stop being corny and be factual is all i ask.

  7. #7
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    Are they planning to list on the NZX ?
    "Your place to discuss the Instruments listed on the NZX market."

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    Ive been told by my broker thatthe offer closes tomorrow and lists in October.Not a lot of info available but like the look of CEO, ex Roche and aspirations to supply to the German market.

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    Quote Originally Posted by Joshuatree View Post
    Ive been told by my broker thatthe offer closes tomorrow and lists in October.Not a lot of info available but like the look of CEO, ex Roche and aspirations to supply to the German market.
    OK thanks JT. Hadn't seen anything about it

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    Yes NZX if there is enough takeup i guess.

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    Quote Originally Posted by bull.... View Post
    good doco by gower againon weed last night on tv3
    Rua was covered in the doco last night - looked like a modern/reasonable set-up.

    Their head grower had alot of experience growing. But just now legal and getting paid for it!

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    Quote Originally Posted by RGR367 View Post
    Hiayayay Santa Banana another weed growing company!

    DIY Santa Bananas
    om mani peme hum

  13. #13
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    Quote Originally Posted by Joshuatree View Post
    Are you really a "senior" member.How have you got through life so ignorant?
    From their website:
    "New Zealand’s remote East Coast, Tairāwhiti region, beneath the shadow of Mount Hikurangi and shouldered by the Pacific Ocean, is one of the first places in the world to see the sun rise each day."

    "...our new, high security cultivation site near..."

    They are pretty mellow for yet another weed growing company.
    Bound to be a commercial success .
    om mani peme hum

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    Hope so .Giving them opportunitys to improve their living standards and for many getting out of poverty and into Jobs and new skill sets. CBD lmproves the lives of many peoples and I like their plan to supply the German mkt. High risk from this investors point of view at this early stage ,have applied for a few.

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    Quote Originally Posted by Joshuatree View Post
    Ive been told by my broker thatthe offer closes tomorrow and lists in October.Not a lot of info available but like the look of CEO, ex Roche and aspirations to supply to the German market.
    I filled in the EOI. Website says they just asking for expressions of interest not asking for $ yet. Maybe that's out of date?

    According to the automatic email reply to the EOI: "Subject to any legal restrictions in the jurisdiction in which you reside, you will be notified by email when the Product Disclosure Statement becomes available. No money is currently being sought...."
    Last edited by Biscuit; 23-09-2020 at 04:20 AM.

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    Yes you're right. Ive heard today been scaled back re 7% of what i applied for.

  17. #17
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    New Zealand cannabis firm Rua Bioscience today opened its priority share offer ahead of its NZX listing later this month.

    This first stage will see $15 million in shares made available to the large retail brokers and institutional investors.

    READ MORE:
    • Premium - Medicinal cannabis company Rua Bioscience plans IPO for later this year
    • Major Kiwi cannabis firm Rua Bioscience appoints new boss
    • Premium - Kiwi cannabis firm Rua Bioscience harvests first crop from 5000 plants
    • Kiwi firm Rua Bioscience advertising for experienced cannabis grower

    A further $5m worth of shares will also be made available to Tairāwhiti residents, existing shareholders in Waiapu Investments and others closely associated with the business.

    There is currently no public pool of shares available in the offer.

    Rua Bioscience aims to raise up to $20m in new capital through the initial public offering, giving it an implied value of $70m.

    The company is selling 40 million shares at 50 cents per share, accounting for a total 28.6 per cent stake in the company.

    The broker firm offer will close 16 October, followed by a plan to list on the NZX main board on October 22.

    This will mark the first new NZX listing since Napier Port in August last year.

    The move will see Rua Bioscience join Cannasouth as New Zealand's only other listed cannabis company.

    Cannasouth first listed on the NZX in June last year at 50 cents.

    The company's stock is currently trading at 88c.

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    apparently this is being offered via sharesies...
    I'll let you draw your own conclusions how this is going to go based off that!

  19. #19
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    so true - I got the email, and then deleted it
    Quote Originally Posted by trader_jackson View Post
    apparently this is being offered via sharesies...
    I'll let you draw your own conclusions how this is going to go based off that!

  20. #20
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    Can anyone see how the shares on issue went from 14.47m per the 2020 annual report to 100m per the Product Disclosure Statement?

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