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Great update report on the Treat it clinic expansion with a bit of an update
https://businessofcannabis.com/kanabo-announces-major-expansion-its-treat-it-clinic-to-cover-mental-health-while-expanding-physical-presence/
Given the success of its initial site in Wapping, Kanabo is launched a second in-pharmacy clinic at Village Pharmacy at Bramhall, Manchester, last week, and has plans to launch ‘7 to 12 pharmacies by the end of the year’.
Friday we had c 35 trades all day, already at 100 trades in the first 30 minutes, all small trades by the look of it, No change in price pattern, same as what we’ve been seeing the last couple of weeks… but unusual activity
Peter Hitchens even though he's against the legalisation he can see where the cannabis sectors going and the revenues that will be generated. He knows worldwide the medical cannabis market will be massive.and hopefully Kanabo can have a sizeable market share
https://youtu.be/eT2qYEJGvm8?si=IxofGFBbCH_fAlc5
Head of Curalef Juan Martinez comented-
Martinez emphasised that telemedicine and e-prescriptions for ailments such as chronic pain were big opportunities for Curaleaf’s products, hailing the possibilities where “you can go in a telemedicine platform and in 15 minutes you have your prescription”.
https://www.ft.com/content/ecccabfc-132e-4058-ba9d-ccd22faf211e
Has anyone been able to buy at 0.016 in the last few weeks?? It’s been jumping up and down in the same range ..
Over 6 million people suffering with PTSD in Ukraine.
https://cannabishealthnews.co.uk/2024/03/28/healing-wounds-of-war-cannabis-ptsd-and-the-war-in-ukraine/
CE mark is going to be transformational for the share price not long to wait now I hope as on average it takes 14 months to get.
If you watch this video from 1.30 mins Avihu explains what's required for CE Mark and the battery as highlighted by Ddug would fall into those requirements. As for the completion even we are still waiting for confirmation IMO now with the German legislation in place it will give confidence to the company and hopefully we will see the release of more news to follow that decision.
https://www.youtube.com/watch?v=8yYfhLk93tY
The vape pod will be the first of its kind with a CE mark, there are other devices with a measured dose but not CE approval. The syqe medical is CE marked but uses flower filled cartridges.
once Kanabo have CE approval they should have at least two years to build a market without any comparable alternative.
A nice position to be in IMO.
The way I read it is that the device "vape pod" has pasted the test for the CE mark but as it is a medical device which can only be used with the Kanabo carts then the carts themselves need to pass the same stringent tests.
SAFETY & QA
CCELL heating technology enables vaporisations of Kanabo’s formulas in the VapePod. In order to ensure the safety of this delivery system, tests have been made on both the carboxylated formula as well as the on the vapor produced by the device. Results determined that the same formula profile was maintained in the vapor. This demonstrates the preservation of the original composition with no new formation of materials as a result of heating.
DOSING
The VapePod is currently undergoing certification as a CE registered medical device. Dosing accuracy testing ensures that the composition of our formulas remain the same for each dose, that the same amount is provided in each dose, and that there are no toxic by-products released within the vapor.
CONSISTENCY
All of Kanabo’s formulas have been tested which resulted in determining the consistency of the composition of vapor produced by the VapePod. Cartridges were filled separately with each cannabinoid formula representing a portion of cannabinoids, naturally occurring terpenes, and an insignificant amount of ethanol. Kanabo’s formulas remained the same throughout the lifespan of the cartridge regardless of the amount of extract left in the cartridge.
Once both pod and carts are certified then they can be made available on the German market, either over the counter sales or through prescription. The good news is that now Kanabo products can be prescribed the issue of cost is resolved with patients in Germany having to pay between 5 and ten euros for their prescrition.
https://internationalcbc.com/germanys-cannabis-vape-market-likely-to-expand-rapidly/
Thanks for sharing Ddug, that makes more sense now, I thought the patent and CE certificate were linked, as in they were trying to get confirmation/sign off that the device was a first of its kind type thing which would have a lot of benefits for the business, the info on the page suggest the CE sign off is for an electrical vape device to be sold (more of a safety sign off as with all electrical devices) and the 2nd request is for the vape to be sold for medial purpose, maybe there is something in that that makes it a first of its kind although I’m not sure that’s the case.
Hopefully a bit of clarity from the group when they deliver full year results and we can see some strong upward movement for these shares
Lookingh at the Kanabo prospectus for 2023, the device achieved an eletrical CE, confirming its compliance to electrical safety regulation in the EU and the GSPR. See page 52.
https://www.kanabogroup.com/wp-content/uploads/2023/06/Kanabo-Prospectus-June-2023.pdf
Great report on the news from Germany that will enhance the medical cannabis sector throughout the EU and the kanabo footprint .
https://news.sky.com/video/germany-legalises-cannabis-possession-and-home-cultivation-for-personal-use-13105181
Great to see some news after so long just a shame it isn't doing much to the SP. Investors eagerly awaiting to hear about CE approval tipped for Q4 23. Almost Q2 24 and no update. CE mark, improved turn over and reduced operating costs of GP service could really help boost this SP back up. Ian has been quiet since involving £500K, where is the impact? Nearly a year on.
Having done my own research, I think you could regret that trade. Not that I have a problem with HELD as KNB have a holding there, but this company has not even begun to realise its potential and with the news just in from Germany I will be holding long here. GL with HELD.
Just taken some profit here and added to the above.
When the market catches on, HELD will be the next big mover in this sector.
As always, DYOR.
Really good to see the company have acknowledged this milestone news from Germany that adds confidence to their own business forecast . Stocks rising in the US with more anticipated good news to come with the DEA rescheduling of cannabis and if passed then im sure the UK will get on board probably a lot sooner than expected
Let’s hope the uk follows suit now
I agree, it’s been a bit quiet and SP didn’t have anything to go off, whilst this RNS doesn’t give us anything substantial at this stage it does show that there is movement. Share price has had a small positive move though which is encouraging. Hopefully the full year results along with news on the CE certificate will get this SP moving north
Very encouraging RNS and the progress made with a long term outlook about the position of the group as one of long term players and the advantages to support that. Hopefully more good news to follow
Let's see what's in the Chancellor's budget on Wednesday hopefully some good news for the medical cannabis sector and a revenue boost to the economy.
Not in the control of KNB when CE mark is issued but I think we would know if it was a fail. Meanwhile Germany set to legalise weed on april 1st, so lets hope we have it by then as they are a big target market for the vape pod.
https://www.forbes.com/sites/dariosabaghi/2024/02/05/germanys-government-coalition-reaches-final-deal-on-cannabis-legalization/?sh=2a3855e96f6f
I feel the lack of news here is a bit disappointing. Anticipating CE approval was Q4 23 and here we are half way through Q1 24 without an update. I hope it’s not far away.