Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No formal news, just the usual stuff in social and plenty of money saving offers!
Guess the concern is now that they will be fast running out of cash given they still haven’t announced that anyone has taken up the £1.2m of shares dropped by the investor from the Feb placing.
I don’t see the debate about legalising cannabis for recreational use to be in any way related to ANA commercial growing for medicinal purposes and therefore don’t see that it will have any impact on the share price.
They weren’t listed as a major shareholder in the Final Report a few weeks ago, so that must mean they now hold less than 3%. Although 3% is still approx 190m shares!
There still hasn’t been a TR-1 declaring them down to under 3%. The last TR-1 from them was 17th Feb which stated they were down to 5.97% (380m shares) and the MSYS website major shareholders states they held 5.69% as at 31st March.
Helium have been the biggest seller over the last year. According to the final report they are no longer a major shareholder (>3%), so we should expect a TR-1 from them as the last notification in mid Feb stated they had just under 6%.
The news that they are now much is smaller is a positive. Of course there are other sellers but not in the same scale that they have been dumping. Hopefully they’ll be out completely very soon.
Quite a big read
https://www.londonstockexchange.com/news-article/MSYS/final-results/15473460
Nothing much new in the interview, but perhaps noteworthy was the mention of new high street retail outlets, so suggesting in addition to H&B and Boots.
LordSuch - There is a second Telegram group for LHG where all those of us who got booted or muted from the original LH group now reside. There are about 130 of us now, so you’ll be in good company. Just search for Love Hemp_Investors Group.
Then add on the assets they have, Multi Chapelle structures, all associated plant and machinery, plus experience and knowledge, it makes the current mcap of approx £4.7m look very low.
Expecting a re-rate soon!
22nd February 2022
Love Hemp Group PLC
("Love Hemp", the "Group", or the "Company")
Love Hemp - First CBD Brand to Launch on eBay UK
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, has become the first CBD brand to have a number of its products listed on eBay UK at www.ebay.co.uk.
eBay will list a range of Love Hemp's sprays, drops and edibles available within the Health and Beauty category of eBay's UK online store.
Tony Calamita, CEO of Love Hemp Group, said: "This is a significant development for the Company. eBay has 1.7 billion monthly visits1 and its Health and Beauty segment caters to an extremely wide-ranging market, providing Love Hemp with the opportunity to reach a new audience with its high-quality health and wellness products.
"As with all consumer goods, brand awareness is imperative and forms part of the foundation of a successful product line and resulting revenue. Joining eBay's UK online store is another example of how Love Hemp is continuing to build on the foundation it has created with the depth of its product line and accessing many online platforms to showcase and sell products alongside its deep relationships with high street retail exposure.
"Today's launch adds to the Company's impressive list of distribution methods that include Amazon, Holland & Barrett, Boots, and Deliveroo, further widening consumer access to Love Hemp ahead of the up-list to the Main Market."
This will go one of 2 ways. Either the board will be proven right in their spending decisions and it will fly or it will go bust trying. There will be no in between. In my opinion LH continues to be high risk. We are in for a bumpy ride and this share is not for the faint hearted.
Of course, we could get an absolutely amazing set of Interim results later this month which set us on a course to greater growth!
The issue is the board release only the minimum information so we are flying blind most of the time. Personally I prefer it when companies value and demonstrate transparency rather than the rather opaque world we live in here with LH.
Don’t get me wrong, I’m a supporter and LTH but some of the decisions made re marketing and cash raises continue to give me concerns.
Understand all those positive aspects to which you refer, but what about the 23% dilution resulting from the raise and also the ongoing paying of suppliers in shares.
Dilution will lead to a lower share price short term but the paying of suppliers will suppress the share price for longer as we will continue to see them flipping into every rise.
The new MD to which you refer, Philip Small, is not a full time permanent. He was brought in back in December on a part time consultancy basis. I emailed Andrew Male last week as there had been no announcement about the appointment and his response was as follows….
‘ Philip has joined the Love Hemp team on a consulting basis. His role is also noted as MD – but of the operational entity, not the plc.’