RE: Competition on the LSE?14 Feb 2021 14:43
Jemg, thanks for the heads up - I can't see anythiing online for Mountfield, do you have the ticker?
What makes you think Kanabo is the big one? There are a number of vape pens with cartridges on the market, when I look at Canada, parts of the USA as an example the market is becoming saturated. I am also unlcear to their route to market, unless they have a contract (s) in place with the NHS, which from my understanding is not the case.
I have read the Publication of Prospectus & General Meeting, it states they UK and Europe are ready to 'embrace' They already have, Germany is a closed shop, UK the same, Portugal, Spain - I don't see the route to market - I have noticed though they mention CBD - The other issue for me, medicinal cannabinoids is not generally vaped, its recreational for vaping - The reason being THC vaped does not stay in your system, maybe an hour. Its not cost effective, most med users will place under the tongue.
This is why MXC are going to do well. Its a med product in the sense its a medical product, there is no smoke and mirrors - https://norml.org have done numerous studies with universities, as well as in Canada for a very long time on how the body ingests THC, how it works in the endocannabinoid system of humans.
The other concern being, GWP can just knock this out in 5 minutes, its not rocket science - Its not expensive to create a vape, you can go to X company, white label the product. Producing cartridges is simple, its been going on since 2009 from the vape world, I know many people who produce cartridges in Spain for the dispensaries - Willie Wortel in the Netherlands was running classes on this years ago, one of the reasons the underground med scence in the UK has cartridges.
I am not here puttiing down Kanabo, but I need to be convinced its not being hyped - If it was recreational, and they had a gateway to supply authorised coffee shops in the UK, I get it - But that is for the future.