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Are most underwater here? Thanks
Any idea for the sell off today? Pretty neutral RNS
Can you elaborate on this as I don’t understand what you mean, thanks in advance.
There it is.. All aboard?
According to the NHS online they have recognised that online GP services are increasing and the benefits that this type of service offers so this is a great opportunity for the company to be recognised as one of the main support providers.
https://www.england.nhs.uk/gp-online-services/learning-so-far/key-benefits/
It’s interesting to see GP Service web traffic is increasing month and month
Jul : 30k, aug 46 k and sep 51k
I hope this is relative indication that online gp booking in growing…let’s see next results
https://www.similarweb.com/website/thegpservice.co.uk/#traffic
Agreed Mozax, I was about to post similar:
It's worth watching the investor presentation that's now available on the ********** website (https://www.v*********.co.uk/media/633fefaed21d184fa1667cef/)
It gives context to the massive growth in the medical cannabis market, and sets out strategies for how Kanabo will develop.
Immediate term - focus on growth of GP Service
Short term - targeting 15% of the UK prescription market by end 2023
Mid term - developing online appointments & links to pharmacies
It all sounds positive at last
2 Key Milestones due within the next 2 months.
Very professional & thorough presentation on Vox markets, we’ll worth watching all 47 minutes.
Fully funded for next phases.
Interesting that Tobacco Companies are buying out these UK/European Medical Cannabis Companies, we’d better watch out with this current MCap, what a bargain!!!!!
MTM
Why not if it generates revenue and it offers a new unbiased approach to medication I think it is a very smart move anything medical is profitable if the market is there for it which i think it is most gp practices are still useless at best
We understand that the motive for acquiring a GP services company was part of another route to market play to propagate cannabis treatments as well . Was this also an investment to diversify into the services sector as well , this is what has left me scratching my head also as the online health services sector will only grow accelerated by the pandemic having a knock on effect on the NHS.
With nearly £5 Million in the bank, 50% raised at 8p, warrants at 16p & 24p and a lot of work achieved since IPO this seems materially undervalued.
Furthermore, the acquisition of The GP Service Ltd earlier this year for £13.5M, giving us access to a network of 4200 pharmacies.
Plus our intention to develop the above platform to create one of Europe’s first digitally led & legally compliant providers for Kanabo’s products.
With a Financial Powerhouse such as the US starting to make noises to streamline Cannabis legal across all US States sentiment will change for the entire CBD industry.
And with Kanabo’s strategy to build a global health & wellness Company with traction in Europe & Israel, this Company is making all the right moves.
Our Current MCap is materially below our cash and acquisition value, and ignores the potential in the business.
I sense a resurgent interest in this sector & renewed confidence over the coming months.
Decriminalisation of marijuana in the US - first steps. US marijuana stocks leap this evening!
https://edition.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html
As much as the GP service will assist in the sales of their products it can also play a big part for the NHS in reducing the backlog in GP appointments. My sister recently had a GP appointment and it ended up being online ,her doctor prescribed meds after she uploaded photos of her problem, so whatever the GP service has to offer is something that's becoming the new normal and hopefully will drive more growth in their combined revenues.
Indeed GP service could be huge business in Uk when NHS is struggling …interesting to see what’s comes
After listening to the podcast posted by samplemix1962 I had a look at the GP Service website (https://thegpservice.co.uk/) & then read the reviews on Trustpilot - 80% are excellent.
It’s very encouraging and hopefully we’ll get more details in the webinar at 5pm
Interesting interview, are we in a cannabis company or a technology company?
yes its barging £11m for £ .24M revenue
£ .24M revenue I would guess mostly generated by the GP service is encouraging and it looks like the cash burn has calmed down now they are getting more organised. When they receive the CE mark certification and the UK/EU finally get their act together then the potential combined revenues could be more significant than now.
Is this the start of the turn I wonder... Worth watching...
Nice bit of exposure and questions the lengthy process of them being available through the NHS . Safe and efficacy evidence seems to be the NHS argument in defending the lengthy process taken to make these products available to the wider community. At least Sky are pumping this news so hopefully this should boost momentum
Feel like this has a lot of potential upside but needs the right connections/marketing. Their social media is quite poor and range of products is limited. More news on the medical certification of the product should help the SP. Not much been said about the GP service either. UK just announced pharmacists will soon be able to prescribe a range of drugs to avoid seeing your GP.
I’m invested in this for the long run. Just hope we don’t experience a series of dilutions or cash raises.
I am therefore confident Kanabo can expect to deliver significant revenue from the sale of CBD and medicinal cannabis over the next 12 months, well beyond anything the Company has seen to date and remains well positioned to become one of Europe's leading compliant providers of both wellness CBD services and medicinal cannabis products in the UK and EU.
Is there something the market is missing ?
Me three
Agree …… I did!