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The MMs are collecting all the shares for when they decide to move this back up. The crazy spread is their way of manipulating the price and keeping you guessing but in sum way I feel that we are very close to a bull market even though the price may say something different.Theres not been a lack of encouraging news it just that the rewards will be delayed.
It’s really quite odd how they widen the spread …. make people pay more and take a greater slice of the pie. I actually think the volumes traded should have resulted in a higher SP…but no, the MMs just protect there book and profits! 4p will be seen again in the next month!
I would agree here. The MM's do seem to walking this one back down very slowly. We know it certainly moves with interest and volume, but without any news this could easily get back to the low 2p's. What a shame.
I thought the recent RNS would actually see this rally but instead it has dropped and the spread has closed materially. Surely this must recover lost ground……never seen such low value shares traded in my lifetime like this one! All the way this SP needs to navigate!
This could be good news for Kanabo with their new products in development as they may qualify for the governments extra financial support to small UK based life science/drug development companies as stated in the budget.
The rampers havent got around to this one yet?
Tut tut
NHS requirements for being prescribed medicinal cannabis is currently when a patient has had 2 failed prescriptions to treat pain etc and taking into account that these GPs are trained in cannabis administration and also have access to a patients medical history then i cant see there being a problem.
As they have unexpectedly announced this new service then I would expect the CE mark process must be on track to support this news.
Yes there's a possibility of another raise but I would expect that when the price has recovered a lot more
They need the CE mark
There needs to be further change to regulation in the U.K. but moving in right direction
They need to get the capital raise sorted
I did wonder how they could get GPs to actually prescribe Kanabo products. The creation of the new service specifically for cannabis products makes sense but still wonder how they get over conflict of interest issues if a GP agrees to go online to support the cannabis service and the potential patient is not suited to the product and the doctor should prescribe something else?
Currently the GP service I think is brilliant having used it myself but it’s £45 for an online appointment plus the prescribed item cost as its a private prescription. Clearly, based on revenues we know it struggles to gain traction due to the fact that too many won’t pay as they can get free from local doctors. I would pay but I think I’m a minority.
If they can somehow subsidise the call service so that those wanting the cannabis inhaler can have a GP consultation for free and the doctor just signs it off, the patient pays for the first inhaler then their local GP offers follow on under repeat and the NHS pays, I could see that being a real winner.
Much to sort out and lots of hurdles to jump
What they need is the CE mark for the vape pod now they will have direct access to patients in need of medical cannabis.
Nobody else will have what Kanabo have, high quality vape medicine for pain :)
Anyone got any level 2 data? Would be great to know if this is going to properly tick up today
Great news! The bouncing around is still outrageous! Need to settle and get back int the 4's please! Here's to some continued success
Great RNS and it plays into the market needs, these guys know how to build for future growth. Hopefully not too far into the future.
https://businesscann.com/nhs-licensed-medical-cannabis-prescriptions-grew-45-last-year-but-situation-as-intolerable-as-ever/
This should recoup losses…watch these rise again!
Online consultation and prescriptions.
Looks good to me! Hopefully, the market will agree.
:-)
On the box today https://news.sky.com/story/rise-in-people-using-cannabis-to-treat-health-conditions-but-doctors-warn-patients-are-putting-themselves-at-risk-12828381
I have an average of 48p just want my money bk now
Absolutely crazy! i have an average of 3.8p and this toying with my emotions too much! Severely green then severely red.
Need to find a home in the 5's soon please :)
I have done well here these past weeks, the true spread is narrower as I bought 50k under .038 yesterday. We know the potential for gains here when news lands. I give it at least until June as I am confident they will achieve CE certification. I also find the GP service a very attractive long term play, times are changing and KNB look to be ahead of the game.
All IMHO GL
It’s an utter joke this stock…. how can MMs justify such a protective spread and let us small shareholders worry about a half p gain to make up for the 300% paper loss already faced!!! And there’s no market manipulation in ensuring they’re protected at any costs! I too have seen enough in this stock…
I originally bought in to KNB at 24p and have averaged down to 10p over time. I was considering lowering my average again but have decided to call it a day with this company and take my losses. I have had 2 experiences dealing with the Kanabo shop both problematic, although to be fair customer services very good, but would rather not have to contact them. First brought vapepod and relax cartridge for my (30 year old) daughter as see was having trouble sleeping. Paid full price but received a cartridge near its use by date. Contacted them and given one with longer date. I then noticed (as previously stated) they were selling off old stock so I ordered a vape and relax for myself at £50 I received the vape and Reload unfortunately. Again customer services were great but I decided to send both back and buy from a rival company. It made me realise that if a shareholder can lose patients what chance with have they got keeping a regular client base.
Therefore I'm calling it a day.
Good luck all hope it eventually sorts it self out.
All businesses do this it is very common
Just looked at the online kanabo shop and they are selling their vape pod cartridges buy one get one free as they are approaching their use buy date. Maybe not selling as many as they thought they would.
@Bravosix
100% agree, positioning ready pre-placement. Two previous were a penny down on each other, so expecting similar, so maybe 3p placing or 2.5p placing depending on what support they can secure via the brokers. Does make perfect sense. Much slower burn to change UK habits than how HELD are positioning. We still need full visibility of financials though.
I do actually like the direction of the business plan here, i prefer it to HELDs business model despite HELD having buckets of cash. I think once this one has the financial stability and cash behind it KNB could prove to be the stronger play maybe?. Long way off just yet but could well get sexy in 2024 if they can get a) product validation which is key b) nationwide supply and distribution right and c) GP Network to be fully integrated with the medical product.
Two other thoughts:-
Can they incentivise UK GPs to prescribe their product? Is that unethical? and on prescribing it the supply to the local chemist needs to be in place. So I'm wondering how much stock they would need in production for UK Coverage? and they need the cash to fund that.
Having actually used the GP service its £40 to use the service plus the private prescription cost. Personally I would pay it but a lot wont but its still an additional reach to just the normal free doctors service.
If they have built up a 40,000 patient network so far that will include people that have used the service from anything from a Verruca on their big toe to contraception to flu and virus support to more serious issues - i wonder what percentage of that would need an inhaler for pain management?
Bottom line for me: If they can get enough cash behind them at the next placing it feels like that could be a good entry point providing its enough cash to do all of the above. I'm trying to avoid penny shares stuck in the middle of the raise spend cycle due to the continual dilution we face.