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Nice to see these getting off the ground and oversubscribed. Hopefully, see EMMAC here soon. https://canex.co.uk/kanabo-becomes-first-medical-cannabis-company-on-london-stock-exchange/
Nice to see some bigger buys today. The only sells are at 9p
Looks like there is a lot of pent up demand for #cannabis floats here in the UK. Hearing very positive things from the UK capital markets advisors on a number of upcoming listings. #FFWD very well positioned as the only AIM listed cannabis investor
Nice to see the positive comments from Ed McDermott last night. For a better understanding of what EMMAC hs to offer see http://andinaacquisition.com/documents/evergreen-investor-deck-07.2020.pdf
But you are the noise
They continue to rise https://marijuanaindex.com/stock-quotes/north-american-marijuana-index-tracking-top-cannabis-stocks-in-north-america/
Yes. With the US market opening for sports betting, the valuations on these companies are flying. I think gaming realms has jumped because they got a licensing agreement from just one state, Michigan. With us piggybacking the contacts of IMG Arena, and a higher growth rate, we should be worth more than Gaming Realms. I do hope that the IPO details are announced soon
I see Matt Han**** is looking for solutions to medical cannabis supply for existing patients following brexit. I suspect this article provides some of the answers https://newfrontierdata.com/cannabis-insights/will-brexit-be-a-boon-for-the-u-k-s-legal-cannabis-industry/
We have an exciting few months to look forward to
Much of my reasoning to be in FFWD is detailed in the June RNS https://www.lse.co.uk/rns/FFWD/investee-company-update-leap-gaming-izbqxobos70j2qf.html and in particular, 95% y-o-y increase in revenues (Jan-May 2020 v Jan-May 2019), with more than 30 new customers signed and/or partnerships agreed. Notably, it has also signed deals with ATP 1000 and NASCAR and expanded its footprint to new territories such as Latin America.
Ed McDermott, Chief Executive Officer of FastForward, said, ” As Leap nears profitability it’s an exciting time for FFWD, I believe this could lead to potential liquidity opportunities in a very reasonable timeframe.
When I look at the aim stock, Gaming Realms (GMR), I am even more convinced. Like Leap, they produce games and distribute them to online casino groups. And like Leap, they are moving into profit this year. However, they do not have the same number or caliber of clients. Turnover increased by 40% for the first 6 months of 2020 from just 3m to 5m.
Yet their market cap has now quickly risen to 78m. I can only imagine what the true value of leap is, especially once those 30 contracts are fully functioning. FFWD has 43% of Leap plus other great assets and has a market cap. today of only 17m. Its true value has to be substantially higher.
It looks as though the Democrats will retake the senate. With Biden's stated support of medical cannabis, it is likely that federal legislation will pass, giving cannabis companies access to bank finance. This is going to be like quantitative easing for the cannabis indusrty
Dougie, Norbert Teufelberger owns 8.2m shares. He is on the board of GVC holdings, amongst others
I found Ed's post reassuring and am sure that news will be coming soon. If it is at the end of this month, fine. Most FFWD RNSs repeat the news provided by the companies. Some on here think that he can just create news. We are all impatient to grow our investments but just have to remain patient
I’m so excited about kicking off 2021 tomorrow. #FFWD #EML $PTGEF as quoted entities have so much to offer and feel so undervalued. Currently private #EMMAC #juvenescence #Leap + more will become very well known this year. Wishing you all health, happiness and wise investments
Saphire has a great website https://www.sapphireclinics.com/ and it is great that we are supplying them https://cannavistmag.com/sapphire-offers-cut-price-medical-cannabis-in-uk-first/
They are going to help EMMAC continue growing at 40% per month in the UK. https://mjbizdaily.com/european-cannabis-producer-raises-20-million/
Doggo, many thanks for that. I was not aware of this offer. it is very reassuring. I have always been confident that Leap was worth a lot more than the NAV. It has been growing so fast since 2017 and further propelled by this terrible pandemic. I feel that a £25m share for FFWD is very realistic and do understand why others would see this as an underestimate. Today the total FFWD market cap is just £14m
November 20, 2017 RNS
https://www.investegate.co.uk/fastforward-inn-ltd--ffwd-/rns/market-update/201711200956389587W/
The Company has been in recent negotiations with a well-known gaming industry operator with regards to the sale of some or all of its 41.15% interest in Frallis LLC (trading as "Leap Gaming"). The Company has received an initial offer of US$4.9 million for its entire interest in Frallis LLC. Negotiations are on-going. The Company has an approximate 41.15 per cent. interest (on a fully diluted basis) in the issued shares of Leap Gaming (acquired between April-June 2016 for total consideration of US$3.5 million), making it the largest shareholder of the company.
Hi Barwickman. Just double checked. Happily it is the first 2 quarters. They discuss this area from 59 mins on the video