Newsflow27 May 2023 10:07
Well, another week of progress here. First contract win, sounds like a decent one too. £3 million minimum worth of sales over the next 3 years, with a potential for the contract to be extended by a further 2 years. Further to that, multiple expressions of interest in the sale of their product which Celedon are currently in contract discussions about.
The mayor of the west midlands has visited Celadon, I particularly like where he quoted 'I was delighted therefore to have the opportunity to visit Celadon, which really is at the cutting edge of cannabis-based medicines and has a key role to play in our future plans.' Sounds to me like he is very supportive of Celadon.
And finally, we have confirmation of results a week Monday followed by an investor presentation later that day. Really looking forward to this.
All in all I'm very happy here, seems like a pretty solid company to be invested in and I look forward to continued news flow. I didn't think James Short would hang around once they had the Home Office licence, and it seems he really has made great progress. A fantastic CEO to have at the helm.
All in my own opinion, not investment advice etc... Have a great long weekend all.