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Thread: Greenfern

  1. #1
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    Default Greenfern

    Minimum investment 500. BTW you are buying at $2 a share. Cannasouth is around $1 a share as of late with plenty of sharesies investors propping it up. Plus they're listed on the NZX.

    I do like the straight forward guidance of what Greenfeen are trying to achieve. But how do these two companies, cannasouth and greenfern compare?

    Greenfern aims to raise $4million in second equity crowdfunding round

    Dan Casey
    Medicinal cannabis company Greenfern Industries has today launched its second equity crowdfunding campaign.
    It’s hoping to raise up to $4million which will enable the company to purchase the hydroelectric power station as a strategic asset next to its state-of-the-art medical cannabis research and extraction facility in Taranaki. It has already raised over $500,000.
    From the outset, Greenfern has been striving to be New Zealand’s most sustainable and environmentally friendly medical cannabis company.

    Director Dan Casey said purchasing the power station outright would enable the company to fast track its growth ahead of a planned IPO next year.
    “We have been leading the way in the industry since initial legislation passed in December 2018, and now with the new Medicinal Cannabis Scheme that recently came into effect allowing the commercial cultivation, manufacture and distribution of medicinal cannabis in New Zealand we are ready to grow even bigger and better than before,” Casey said.
    Greenfern first ran an equity crowdfunding campaign in December 2018 when they raised $1.8million that was used to develop the company’s research facility. Since then they have also partnered with several reputable organisations to distribute medicinal cannabis products, and to undertake research and development of cannabis-based products including a hemp meat substitute and snacks. They’ve also added cultivation licences and launched hemp oil and manuka honey wash bars.
    While the company has an agreement with the power station operator that means Greenfern’s power usage is billed at a significantly reduced commercial rate, owning it outright would mean its power costs – one of the largest overheads for a medical cannabis operation – would be even lower. Greenfern is also looking at upgrading the power station’s generation capacity so it could also sell the additional power produced to the national grid.
    “By reducing our cost of production, we’ll be able to offer products that are exceptionally high quality at an affordable price for the New Zealand market. That’s an enormous competitive advantage,” Casey said.
    “With the global cannabis industry expected to be worth in excess of $70 billion by 2025, we believe we are well positioned to take advantage of both national and international market opportunities.”
    Greenfern, which was founded by five school friends with a passion for innovation, has partnered with Australasian company Equitise for the equity crowdfunding campaign.
    Greenfern recently signed an exclusive distribution agreement with UK company Brains Bioceutical Corp (Brains) to sell their pharmaceutical grade cannabidiol (CBD) products in New Zealand, giving Kiwi patients access one of the world’s best pharmaceutical-grade cannabinoid products.
    “We expect to have our own medicinal cannabis finished products ready for the market in about 12-24 months, but even then, we’ll continue to distribute Brains’ products due to their sustainable quality and EU good manufacturing process accreditation,” Casey said.
    The minimum investment is $500.
    “We have chosen this form of capital raising to make it easy and accessible for everyday Kiwis to invest and join us on our journey to make sustainable, world-class medical and therapeutic cannabis products available to those who need it.

  2. #2
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    Default

    great, another cannabis company...

  3. #3
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    We chucked $500 into this in the first crowd funding. Will be interesting to see whether it was worth it in the years to come.

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    Quote Originally Posted by thegreatestben View Post
    We chucked $500 into this in the first crowd funding. Will be interesting to see whether it was worth it in the years to come.
    What was the SP for the first crowd fund?

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    Quote Originally Posted by Lion_graf View Post
    What was the SP for the first crowd fund?
    $1 per share.

    Unsure if it was the first or not, but it was March 2019.
    Last edited by thegreatestben; 21-09-2020 at 01:57 PM.

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    I would consider it at $1 but I dont believe $2 a share is justifiable for a company who is currently unprofitable with a very long road ahead. I dont know how much revenue that hydro station would produce on its own or what state it is in with needing maintenance etc.

    Does anyone else think similar thoughts?

    I mean reputable businesses like OCA and KMD are sitting just over a dollar. :/

    Interested to know if anyone can share some thought why it would be a good idea to invest?

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    Quote Originally Posted by Lion_graf View Post
    I mean reputable businesses like OCA and KMD are sitting just over a dollar. :/
    Does comparing $ value of the share price between these companies make sense?

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    Quote Originally Posted by Cricketfan View Post
    Does comparing $ value of the share price between these companies make sense?
    Not really, but taking into consideration NTA/market cap would. Surely at $2 a share they are getting ahead of themselves with prospects growth in a market that become saturated very quickly as seen happen in other countries.

  9. #9
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    yes $2 meaningless without the facts.Heres another potential listing which is of more int to me atpit

    Rua Bioscience | Homewww.ruabio.com

  10. #10
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    They seem to be inching closer to listing on NZX. Have completed the first round of questions required for listing and amended their constitution. Company-wise their mini hydro power station is up and running. They are applying for council consents for stage two of construction for the grow area. Their hemp meat substitute product seems to be doing well and is on the market. I like this company for the diversity even if the medicinal cannabis doesn't quite get off the ground, or ends up operating in a saturated market. Their little hydro power plant seems a real point of difference and lends itself to a range of uses.

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