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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!
May as well top up at this level
Better than buying a lotto ticket ,
They binned it then decided to start their own thing in Spain under a different trading name if I recall correctly.
I though this was just a cutting down of the deal rather than it being entirely scrapped?
They mentioned it in the final results:
"Most recently, the Company has announced that is no longer proceeding with the proposed acquisition of the European businesses of 11157353 Canada Corp., which trades under the name of Materia ("Materia"). The Company has now decided that the benefits of working with Materia, including its GMP facility in Malta, are now most effectively executed through a non-dilutive Strategic Partnership between the two independent companies, as opposed to the previously proposed all-share acquisition."
I just hope Materia will pay back the loan as agreed
Saw an article published on BusinessCann that Lyphe is aquiring Materia now, so I assume this is off. No word from Kanabo yet.
New here so not sure how to link but businesscann.com/lyphe-group-set-to-acquire-materia-and-create-a-new-european-cannabis-powerhouse-%ef%bf%bc/
The cannabis sector is on the verge of taking off especially in Europe but the MMs will play against this hoping that all those PI 's that bought in at higher levels will lose patience and sell up.Even though the company have been recently poor with updates at least they haven't missed the boat because their stock price is in line with all of the other companies.
Really sad kanabo, another one I was lucky enough not to pick even though I thought 10p was the bottom of the barrel.
This is the trouble with penny shares and many stocks on the AIM per sae, the constant need to raise cash and dilution with no thought for the shareholder but worse the broker fees in these deals and mates rates agreed to complete them to make that happen.
If the OP came in on the initial IPO in Feb 21 he is in at 6.5p if he came in at the subsequent Feb 22 placing he is in at 2.5p and if another placing is completed in Feb 23 that will no doubt be at a further discount.
Why these companies also feel the need to offer warrants at the time of placings or IPO's, discounted shares at higher prices also annoys me. Its great for those in the IPOs but not so great for new investors knowing that should the SP start to rise they run the risk of more shares coming to the market and resulting extra dilution but moreover those with the warrant options accepting them and selling immediately for profit hence new investors taking a further hit. Just puts new investors off at a time when those invested need them to buy.
Tough times at the moment all around. GL with this one.
Do you mind sharing your average SP? I think a lot of us got burned with this one, me included, although I still have hopes for the future. GLA!
Will come good in the end. Patience will be rewarded !
I had always read that you should avoid IPOs. I went against all advice with this one and bought into my first IPO. Never again lol.
Hi all, does anyone know when the Vapepod was sent for CE Marking? Wondering how long it is until it's approved? How long does it take for medical products to be CE marked?
More interest shaking
Could either CBX, KNB or MGC be on the radar of High Tide if they wanted a bigger foot print in the UK? I think they own one of the UK CBD vape companies and are known for their very growth orientated strategy... Might explain why the prices have shot up... Probably isn't but I suspect one of the them (if not all all of them) are seen as super cheap for a take over right now after being hammered big time recently...
CBX up 25% today. Wonder when KNB will follow…? GLA.
Wow...3mths slop...someone in the office been smoking ha ha,
Someone woke the sp again?
Anything happened as no rns and trading is slim !!!
There is no shortage of people wanting cannabis
Is shis a cheap stock??
MGC 53% up today.
Hope knb will do the same at some point.
Gla
Thanks - appreciate you taking the time to answer.
What are peoples thoughts on this stock? Do people think this is going below 1p or well positioned for the future?
Personally, I think this could have a big future contingent on legislation and time scale. I think they could also do a lot more with their socials to increase awareness of the product.