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Only speculative but what do you all expect sales for the first 6 months to be ?

I think Approx £50k

That is a fair question, why RNS ? If you have the results just post them , it’s either to let investors sell out or buy in for the bounce or drop

https://www.lse.co.uk/rns/CBX/notice-of-half-year-results-nsn2f67vp7ojdkh.html

Well this will be interesting, thoughts ?

The next 4-5 weeks will be interesting, let’s see how innovative the team are , good luck all as this next couple of months will be pivotal

https://manage.kmail-lists.com/subscriptions/web-view?a=WKLtXz&c=01FGMCNB5FAX76YJ8DANH8C6BB&k=325168930233b9ffd9d2b8957b323fb5&m=01GY9XDKQ0BBDW7P17AMXH4VH3&r=Wi824xd

All , have a bit more patience ( I know it’s a lot to ask )

The new strategy will be outlined soon , it maybe with a raise etc who knows , the trading company is only 18 months old ( since launch )

They have had a few setbacks but business is never easy and they got it wrong on launch. My wife received an email from them today asking for applications to join a testing program, I’m sure if it was over they wouldn’t be trying to move forward with new initiatives.

If most of us are honest then we all got it wrong on our expectations, let’s hold on and watch it move forward

Mel - hello , hope you are well , absolutely agree With the need for accuracy, also no one can be blamed for being negative about this , just look at our SP , it’s embarrassing. Forever optimistic I am but probably very naive

Also if they do have £2m left ( hopefully more ) then let’s not forget that’s still a lot of money and if costed and spent correctly can go far , companies raise less than that sometimes

We will soon find out , end of May for financials and an update , from what I gathered at the AGM cost control is paramount whilst they regroup.

Why spend all the money on a CEO when consolidation is needed was mentioned , this is a fair point short term whilst they decide on direction but every organisation needs a strong leader to deliver on business fundamentals, Darcy is still interim so let’s see , maybe he wants the role.

Also it was mentioned the cost of launch and the poor returns , this I think is what the biggest issue is for CG now with any new products , how to get value and a decent ROI is paramount now , let’s see what the plan is and judge them accordingly, you don’t many bites of the cherry and the next bite is really important.

It might also be worth looking at Chills journey , I’m not invested in them but the new CEO has managed to steady the ship and start to deliver a new strategy, I think they did a raise at 1.5p and a lot of negativity was raised on the forums etc , the SP looks steady at the 4p level so you never know.

Good luck

BTW I agree with Karl that they have a future , not that they are finished lol

For what it’s worth I agree , they have had a major disappointment with the Cannaray deal which has put them back at least 6 months , hence the silence whilst they re- strategise.

The positive I see is that they have to get the next strategy right , let’s hope they are taking their time now and planning accordingly, the time has long gone when they had money to throw at it without consequence.

I wouldn’t be surprised if over the next 6 weeks ( half year reporting ) we get a new CEO , raise and strategy update.

They still have money in the bank which is good and they now have to take a more measured approach to how they grow , welcome to the real world of start up business where every penny counts.

Good luck to them and all invested

Good morning all , just a small note of positivity in this gloomy world for CG , sales are significantly higher on run rate now than they used to be , this is only info I am collating from the website and doesn’t include Amazon or any retail partners , bearing in mind website sales are only 50% of sales ( mentioned in last update ) then the future is looking that little bit brighter , not saying we are amazing but it’s better than it has been

Good afternoon, the launch ( or non launch ) is supposed to be by end of this month but after the AGM I’m not so sure anymore.

All can I ask a big favour and please share this video , it’s about the £1bn fraud of Yell.com and we are trying to get justice , it can happen to anyone
https://youtu.be/bIYzq8izlYg

Lucky we- thank you - done , let’s get behind CG and push the brand

100% agree

Thanks Mel

You are very welcome , good luck all this week if you want CG to be successful

They have 4 weeks to release the movement range as per the Q1 plan , end of February was also end of Q2 financial period for for CG so we should be expecting a half year financial update over the next 8 weeks.

A busy time for them and will be interesting to see their new strategy now that we are detached from the Cannaray RTO , let’s see if they appoint a new CEO as Darcy was only interim for the RTO , we do need clarity and direction but with that comes a huge salary which we are not paying at the moment so it needs to be the right appointment who has real experience in this field and how to grow sales from a very low base

Good post Mel , it’s great that other companies now utilise CBG , this shows the ingredient works and hopefully more start to use it , being unique didn’t work for us at the beginning so hopefully as CBG becomes more incorporated then maybe acceptance from the wider market will start to happen