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These results show that things are coming together including a reduced operating loss so a slower cash burn that allows more opportunities to expand the Treat It platform in a partnership with UK pharmacies. Even though they have not yet received CE mark certification they have committed to say they have completed all the necessary stages towards gaining it.So their positive outlook for growth looks encouraging.
They are stocked up again so hopefully its followed by an update .
Illogical inhumane and inefective, sound very Tory.
https://www.theguardian.com/politics/2023/sep/19/uk-drug-advisers-recommended-decriminalising-possession-in-2016-leak-reveals#:~:text=The%20UK%20government's%20official%20drug,a%20leaked%20document%20has%20revealed.
Are you going to release anything tasty soon Kanabo, it’s been a while. Your shareholders are waiting.
Sapphire Medical Cannabis clinic ( CURALEAF )are now advertising on Sky NewsUK Channel and their platform is very similar to Treat It . Maybe in the near future we could see Treat It ads too as it looks like the advertising restrictions are being relaxed
https://www.sapphireclinics.com/pricing/
https://chamberagency.co.uk/sapphire-clinics-tv-advert-medicinal-cannabis/
An interesting read on the Uk Medical Cannabis market.
https://www.commercialdehydrators.co.uk/post/an-overview-of-the-united-kingdoms-legal-marijuana-industry#:~:text=The%20medicinal%20cannabis%20industry%20is,to%20USD87%20million%20in%202021.&text=By%202024%2C%20the%20market%20is,2%20billion.
Worth a watch although it should be on main stream TV for the masses.
https://cannabishealthnews.co.uk/2023/09/14/bbc-documentary-highlights-pot-luck-access-to-cannabis-on-nhs/
I saw this discussion that was well represented by the 2 mothers as well the Professor and if Rishi Sunak does not get a grip on this then you will find Labour will pick it up as one of their political goals because of the wider aspect of patients being denied NHS access to treat other illnesses as well as epilepsy. Now with constant tv coverage the media are making it more harder for the government to ignore. Hopefully Kanabo has positioned itself to quickly respond if the government make any commitments to improve access as its harder for them to deny as the evidence is already out there .
There was a lengthy discussion about this on BBC breackfast this morning, with parents and professor David Nutt who got sacked by the government for saying publicly that cannabis is safer than riding a horse. Govt getting called out for being incompetent as usual. If its on the bbc its mainstream, time for change.
Interesting news re medical cannabis, NHS, private prescriptions and Government stalling
https://www.bbc.co.uk/news/health-66784170
Have a read of this, very interesting about medical cannabis and gov
ihttps://www.bbc.co.uk/news/health-66784170.amp
Listen to this guy, this is the background which Avihu Tamir is coming from. Look at the potential for growth. thttps://www.ted.com/talks/dedi_meiri_behind_the_smokescreen_of_medical_cannabis?utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare
Listen from 23.15 mins for GP service.
Here weed Go! with Eddie Celeya
https://podcasts.apple.com/us/podcast/its-telehealth-in-the-uk-and-eu/id1620042980?i=1000580959527
There is an audio interview with a guy in the USA from last year with Tamir and Sacranie, in it the interviewer asks about the possibility of Kanabo going over the pond. No plans for that but they went on to talk about licencing the tech having a lot of potential so this is a possibility. If I can find it I will post a link.
Having used The GP Service three times now i do think its excellent, in fact i really rate it.
However, that being said the numbers just don't make it viable. Not enough people like me will pay especially if they can get it for free on the NHS.
I like the way they are using the GP Service technology to power a service for people to buy their Canabis products albeit its expensive. I don't know why they don't license out the technology to other medical verticals such as these fat injections that you can only get going private.
Some thought required to get this area of the business revenues higher
The NHS has published the CBPM's guidelines that shows their support for the sector has advanced
https://www.england.nhs.uk/long-read/cannabis-based-products-for-medicinal-use-cbpms/
Over in the US stock prices in the sector have been rising as the support grows so things are still looking positive despite the low prices we see here and a great buying opportunity as they are trading way below the latest raise price.
May have a punt on this stock. I do feel the cannabis sector will take off soon... I do have a large amount invested in Hellenic (HELD). That is another stock that has massive potential too. And the share price is very low at the moment.
Good spot and the message on the page offers reassurance about stock coming soon. Do wonder though how they have managed to run out of all of them. Maybe a big deal with a client? Offered everything they have on hand right now? The stock needs some news however to stop the SP tumbling like it has since the IPO. Still a lot of faith.
Depending on how much stock they previously had then this looks to be good news and shows the demand for their products. If right then they need to ensure they have enough stock as the growth of sales from their different platforms looks to be gaining traction. It will be interesting to see if this issue is reflected in their next half year report.
https://kanabo.store
The price is slowly dropping but the sector is taking shape and looking more promising despite the current silence period. Hopefully we should have some good news soon to support. and justify the 50% dilution
https://www.bbc.co.uk/news/world-us-canada-66667191
No good reason that I can see. Interesting article here on changes coming in Israel which should benefit KNB
https://cannabishealthnews.co.uk/2023/08/25/from-last-resort-to-first-line-israel-sees-major-reforms-to-medical-cannabis/
Why the drop today?
It's great when a strategic investment improves and I'm not negative on knb or held but our ipoh was at 6.5p and held, I think 3p (knb got a 30% discount ) and had invested £750k. So today both sp's are languishing wY below their ipoh prices.....a long way down!
I am hoping both companies gain some momentum and create revenue and profit soon