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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
HELD Moving up nicely, KNB have 700k invested there. Our turn next.
Not sure where's that been all this time and ive seen no declaration RNS for this trade.IMO theres lots of things going on in the background to leave retail investors second guessing but hopefully some northward movement soon despite those tiny trades going through.
£2 million, whats that all about, from 2021.
Sorry already posted, must have been the hindu kush ;-)
I like the sound of that, everyone but KNB mentioned here except they do own a chunk of shares in HELD and they are looking good with a first harvest soon.
https://businessofcannabis.com/uk-medical-cannabis-industry-gathers-momentum-amid-numerous-research-milestones/
Fingers crossed! Thanks for the reply, good luck!
If this was to bounce back next week for eg then those small trades would not be the main driver. We are about 30% below the latest issue price of 2.88p so I wouldn't be surprised if they're not being snapped up as the the positive sentiment seems to be hotting up . GLA
*ATB!!
Thanks for the useful links (very interesting) and positive comments as always. What do you mean “if that’s what’s really happening”? GLA, keep the faith…I’m hopeful this sector (and KNB) will be huge in the future. ALB, CJ
Yeah, Put away the Hindu kush and bring out the Thai stick.
Theres been 50% dilution to absorb after sourcing additional funding and based on those small trades it would take forever to bounce back if that's what's really happening.? IMO think again
We need something to kick this sp back into life that’s for sure. It’s in sleep mode and requires waking up.
As you say lots happening, you have to wonder what the Tory plan is for cannabis in the health market.Given they know they will likely be out of power by next GE and I am sure they are not going to leave the prize of making it available on the NHS to the next goverment so I would expect things to start moving in the right direction from here on. IMHO. https://businessofcannabis.com/uk-medical-cannabis-industry-gathers-momentum-amid-numerous-research-milestones/
Celadon CEL conduting trial into cannabis for chronic pain after the NHS research and ethics committee give approval,not sure of the length of this trial as its not to establish the safety and eficacy of a new drug but to establish the benefits of having cannabis available on the NHS. From the three month feasability stage results indicated surprise surprise :-) a positive outcome for quality , pain and sleep, as well as a reduction in opiod usage. https://cannabishealthnews.co.uk/2023/08/02/nhs-approves-clinical-trial-on-cannabis-medicines-chronic-pain/
These reports keep coming and it looks like something positive is behind the continued coverage..
https://news.sky.com/story/adhd-sufferers-are-self-medicating-with-cannabis-because-of-nhs-delays-charity-warns-12933943
Yes If a tobacco company was interested in buying the Kanabo Group then It would be interesting how they would value it If Kanabo products need to be prescribed then that makes the GP service and Treat It more important assets and not so simple to incorporate them into their own portfolio of vapes. I just hope that the Kanabo Group has the time to establish its brand and value in this growing sector before the likes of big tobacco try to muscle in and try to buy it on the cheap.
So if a tobbaco giant can see $650 million dollars vaule in the SYQE vapouriser, thats all they have one product and a system of refilable cartridges, how much will kanabo be worth with CE certification, thats not taking into account the other assets like the GP service and cannabis clinic and other investments.
https://mjbizdaily.com/philip-morris-buying-israeli-cannabis-firm-for-up-to-650m-report-says/#:~:text=Multinational%20tobacco%20giant%20Philip%20Morris,the%20Israeli%20business%20newspaper%20Calcalist.
Contract value shortly; could be less than a week. I would say couples of millions. If yes we will see mcap £20 million soon