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If the uk Gov does not get its act together there a risk of a supply/demand issue further down the road as the demand and awareness increases. Other countries are already upping their game and signing pre orders with the cultivators whilst some UK cultivators are contracted to ship abroad as the sector begins to hot up.
I was reading this to and found it quite a positive interesting read
Trawling through news articles, came
across this last year from a wealth management consultant making an investment in Kanabo, fairly
sizeable investment :
Mattioli invests in medicinal cannabis group, £500k.
Some positive sentiment in the company!
A very encouraging read
https://www.theguardian.com/society/2024/feb/11/wonder-drug-is-the-uk-ready-for-the-green-rush-of-medicinal-cannabis
I have a buy order @1.60 on since weds, only a small punt, but couldn’t get any since
The medical cannabis sector is still in its infancy and I think the German legalisation and the US DEA rescheduling will be a big boost to the industry and we could see the start of it in the coming months. As with the share price yes it looks like its doing the full circle back to the lows of last year but those vast amount of small trades could be algorithm tricks that split up big trades whether buys or sells and keeping retail investors in limbo as to where the real value is
The drop mirrors the drop we had 12 months ago, nice rise on potential good news then a decline back to pre boost levels, can’t seem to get anything to hold this stock up. Business results should hopefully show revenue improvements which will help, there is a risk that the business need more capital to grow which could weaken the share price even further in the short term but if that capital request was off the back of the patented certificate being signed off then I think we’ve got a clear view forward. Not heard anything from Ian Mattoli since investing and joining the board.
The report from last weeks cannabis invest conference has produced optimism and highlighted the challenges on where the Medical Cannabis industry is in the UK including an input from Kanabo CEO Avihu Tamir. Maybe the reason the price has continued to fall but giving more unexpected buying opportunities at these lower levels .Lets see if a business update is released soon with signs that alls going well.
https://businessofcannabis.com/the-turning-point-is-happening-insights-from-the-6th-annual-cannabis-invest-uk-conference/.
About time they banned disposable vapes, a rare act of responsibility on behalf of our half baked govt, and the 24292 reported sell is in fact a buy.
KNB investor presentation on wed Jan 31st, check Avihu Tamir on Linkedin.
Agree with that, that was a case of scaremongering if I didn’t see one.
I actually see this as a good thing, the single use vape market doesn’t have a great reputation and this could be creating a negative opinion on the idea of vales in general, especially with an older demographic (Kanabo target group)
single use out the way might improve confidence with reusable/ cartridge ones.
This is single use vapes not medicinal or prescription
Https://news.sky.com/story/disposable-vapes-to-be-banned-over-concerns-of-sharp-increase-in-childrens-use-13058596
Sorry for holderrs here
Looks to be a disaster
Times they are a changing.
https://cannabishealthnews.co.uk/2024/01/16/us-health-officials-acknowledge-accepted-medical-use-of-cannabis/
Interesting development this morning.
Whilst we await imminent approval of our CE marked measured dose Vape and also, the potential to be involved in the tender for the NHS telemedicine contract, a little ‘side hussle’ is announced, the start of a whole new ‘walk in pain management’ business, using an existing pharmacy.
Interesting that our network of pharmacies has grown to nearly 6000 following the acquisition of the GP Service a few years ago.
Had great difficulty averaging down today. Only way I could get in was via a Tradeplan. I've maxed it at 2.40 so hopefully I'll get in soon. I still think this stock has some legs.
This can move very quickly on low volume, expecting news on several fronts.
All over Aim at the moment, trying to trigger what they can. Volumes are low so it’s blatantly obvious.
MM's up to their old tricks over at Cellular Goods now!
Best load up at these bargain prices.
https://www.linkedin.com/posts/avihut_the-herbalists-perspective-on-cannabis-activity-7149712967784153088-87MZ
But not going anywhere
The GP Service has expanded access to prescriptions by nearly 50% from 4200 UK pharmacies to 6000 plus
Yes I looked for when it was published but more important I think is that they are clearly in a strong position to benefit.
looks like there could be several operators chosen. section IV. Procedure. Could KNB be one of them or provide technology on a white label basis. Not long to wait to find out.
https://www.find-tender.service.gov.uk/Notice/030769-2023
Thanks quite useful, I couldn’t find date when was it published, one of question where he mentioned that Co-op and Superdrug are using their technology.
Interesting to see since when they became customers and whether last results reflect revenue,
If answer is it’s recent development then will load it more at this point
I like this part.
What has been the impact of the pandemic on your business and how have you dealt with this?
Telemedicine has gained huge traction during the pandemic and the number of people using our service has just gone through the roof. During the pandemic we have been fully booked every day and demand for our services has risen by 400%. People are more aware now that there is a different way they can access medical care and many doctors’ surgeries are pushing people to do consultations remotely via phone or through a telemedicine channel. The NHS has started to tender out for a digital framework and we have recently become an approved NHS supplier which allows surgeries to also use our telemedicine platform.