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Be careful...heard there is a placing been sold.
Only 3 hours until the market closes until January 3rd, most will want to be in, not out, especially from these very low levels.
This Company is very well run & I’m extremely confident to hold for the longer term, having someone with the calibre of Ian Mattioli CBE as Chair, with his own £500K investment here gets my vote.
Mattioli Woods Plc is a highly respected Wealth Management Company, and I’m sure some of his clients will be watching this with interest!!!!
I can sell for 2.65
2.75 to buy on HL
We seen the same last year (end of q4) which was based on the CE certification being issues, obviously that didn’t happen and the share dropped to an all time low, im guessing there is something that takes place in q1 around certification being issues that’s given us this current boost… hopefully not a false alarm this time!
Wrong board!
It’s a pitty they have a small holding in Kannabo. That stock could be a winner next year.
They’re going to have to issue a RNS about the rise, either that or a speeding ticket.
And that was before they bought out the GP Service, with access to NHS patient records and over 4000 pharmacies.
Also, research Ian Mattioli, our new Chair, he bought £500K’s worth of stock and owns his own, highly respected Wealth management Company. It’s listed.
For a massive re rate when you consider they were in the 40's
This will be top of the risers board here soon then that will be interesting to see how high this goes today, Something very interesting happening in this sector for sure.
In the first 30 mins this morning.
Market closes at 12:30 today, could be quite a rush to get in here before markets re-open in the New Year.
2024 will be the year for KNB.
Correction - chill has pretty much quadrupled revenue in the second half of the year whilst reducing operating costs.
I believe KNB is on chills website if I am not wrong.
Crazy increase for one day. Lot of us might of got it right saying that was the bottom.
Chill is also up significantly today. Maybe to do with the cannabis sector in general. Definitely an improvement on volume from recent months.
Hopefully this continues tomorrow too. I’m expecting a big year in 24. So many positive RNS since IPO and CE mark will be a big step forward.
GP service and treat it both good revenue streams too. Excited to see what Ian is going to do for the business. GLA. Really feel this will rocket when the time is right.
I need something I bought at 49p with 10k which is a lot of money to me
Interesting movement today, perhaps CE approval is now very close.
Agreed that this is currently very undervalued given the traction that it now has.
You bought shares in the best medical cannabis company in the UK, give yourself a pat on the back.
Absolute rubbish….. scammers….
Other than dilution, I agree I can’t see this going much lower. Think we may see more dilution first but could be a great time to buy after. Change in legislation, CE approval or significant revenue increases could really accelerate this company. With momentum, I think we could see this with a £50m+ MCAP easily. Just hope all the silence is leading to something promising.
When you look at the Fundamentals and finances of Kanabo, there is no reason for the SP to be so low. Very undervalued, and I expect very soon to see this rise.
Holding Firmly.
Taken from half year results- Medical inhaler completes all necessary stages for CE Mark, certification pending - Our distinctive medical device inhaler has successfully completed all necessary stages to become the first of its kind to achieve CE mark certification. We anticipate formal certification to be awarded in the coming month
EU product expansion - pending receipt of CE mark for our VapePod MD medical device inhaler, build on our UK footprint and expand our distributor network outside of the UK across Europe to launch into appropriate new territories, expanding our footprint and driving geographic diversification.
https://businessofcannabis.com/delayed-again-frustration-as-spd-prevents-germanys-cannabis-bill-from-progressing-at-11th-hour/
When Germany sort themselves out this will be a big market for the CE marked medical vape, an essential requirement in any medical grade device. So next year for the German market and hopefully we will see some change in the UK, maybe Richie will want to give everone the feel good factor and announce cannabis products on prescrrition through the NHS, got to be a vote winner and help him gain some popularity prior to the GE.
The CE pending talk has been going on since the company floated on the market, progress is mentioned in the September half year update that we’re only a few months away from getting the CE certification… anyone heard/seen anything about this recently? We had a big share price boost last Dec/Jan off the back of it being expected (4p per share) but the delays are probably causing some concerns which is why we’re sitting so low at the moment… although I have no understanding of what timeframe it takes to gain a certification
Government policies is what is holding this company back, once the laws change that’s when people will sit up and take notice. Until that happens growth will be slow.
This stock is hugely undervalued. When the market realises this the SP should re-rate.