Voyager Life Plc Share Price (VOY.PL)

Missed this over the Easter break and sneaky 10:30 RNS timing.

Cash raise as expected, albeit some attempted obfuscation about new equipment, this business is burning cash and needs more to keep the lights on.

Further dilution and value destruction for shareholders. I’m very interested to see what numbers are behind the positive narrative - my guess is still a very very long way from break even.

Headline that NL couldnt raise cash to do a merger, now its scrapped.

Developments in Medical CBD in Germany.

Germany recently passed a law reclassifying medical cannabis as a prescription medication.

Germany is one of the largest markets for Medical Cannabis.

The goal is to make obtaining a prescription for medical cannabis as unbureaucratic as possible.

The regulations aim to improve access for palliative care patients.

The reclassification streamlines the process and aligns medical cannabis with other medications and enhances patient access while ensuring safety and legal compliance.

Northern Leaf cultivates cannabis flower for pharmaceutical, health and wellbeing purposes at its £33m, 100,000sq ft facility on Jersey.

RKB

PS There were no Trades on Aquis yesterday but they decided to mark us down 12.73%!

Video of Northern Leaf Operation

On the Seedrs website, there is a video of the Northern Leaf Operation.

On the link, scroll down past the three photos and click on the 2.35 min video.

From this short video you will see the extend of the Growing & Processing Operation, in a purpose build, first class facility.

https://www.seedrs.com/businesses/voyager-cbd/sections/updates

RKB

Stock Box Media Interview

Nick talks about the reasons behind the merger with Northern Leaf.

There is actually 100,000 ft2 of “state of the art facility” in Jersey in the Channel Islands. Which is used for growing cannabis plants, mainly for medical use.

From an interview Nick gave to the Dundee Courier yesterday it was quoted that “In the UK, there are around 30,000 medical cannabis patients. In Germany, there are around 300,000 medicinal users.”

“Northern Leaf cultivates cannabis flower for pharmaceutical, health and wellbeing purposes at its £33m, 100,000sq ft facility.”

If you DYOR and satisfy yourself that Northern Leaf have spent over £30 million building their facilities and then look at what we are paying in shares, you may conclude that yet again Nick, Eric & Jill have been looking after Voyager shareholders and have managed to secure first class assets at a bargain price.

The merger is structured with the possibility of shareholders in Northern Leaf acquiring additional shares if revenue from Northern Leaf alone over the next 12 months is £5 million or more.

RKB

https://www.youtube.com/watch?v=BGTOAaogSjY