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Very good article.
They're clearly a highly professional outfit with very large plans to mass produce and sell this in the US and Europe.
Why do you and obstinado post every day about a share that you think isn't going to move?
There's thousands of companies out there. If you're any good, surely you should spend time on a company you can either buy shares in or short.
So you are either wasting your time or you are just looking to scare people hoping you can buy in cheaper on the back of it, hence coming here more obsessively every time there is a down move.
Either way, no one should take your posts seriously whatsoever.
I think the US is in late cycle and have a forward pe ratio in the 30s last time I looked whereas the uk is about 13 (which is relatively very cheap)
But the US have decided to respond by not only printing money but massive government spending at the same time. So I can't see their markets crashing at all, although seemingly expensive they are happy to put trillions of dollars underneath them. This will continue imo and there is no other way out for them other than under pin the lot with printed money. In this scenario the biggest risk is not their stock market but their currency crashing imo. They'll create tonnes of cash which will fly into stocks and commodities, some of it will get put in the UK and Europe.
The biggest risk imo is holding too much cash and hoping the prices of things come back down, which many make the mistake of only to observe asset price inflation year after year, decade after decade.
The dot com bubble also had huge amounts of stocks with billion dollar valuations that the nasdaq was full of. Now they have real companies that genuinely have enormous revenues. So I don't see the comparison. This company for example has a £50m cap with £13m in cash and some very clever people behind it. I don't think any of them are there for a quick buck and are only just getting started...
Grodan look at what happened to the cannabis ipo's in the US.
Many millionaires and likely billionaires made there from super multibaggers over the first year of being listed.
This industry is very popular and will beat any potential downturn in the market in my opinion. It has/had almost no correlation with the wider markets.
As someone rightly said the other day that most of their big money was always made from investing in companies that were not making money yet. Everyone wants to invest in profitable companies and so there is not much upside and you are lucky to get a 5% yield which is not for me. I prefer investing in companies that are years off making profit - that is where the huge multibaggers are made....because they are frequently very cheap.
Here they are expecting 50-70% margins. For the brand value potential that is enormous.
I assume the money in the US of 1.9tn dollars is what you are talking about and this hasn't even started to be spent yet.
The UK has not benefited much from this yet and stocks are widely cheap in the UK due to brexit in recent years and us not doing much qe like in the US. So I'm not worried about a downturn here at all and am generally bullish on UK share prices.
I stand by my post yesterday and also noted the share price could go anywhere long term but am very confident this will bag likely many times in the next few months...
Massive growth sector
Very popular industry
Very little competition
Great team
Great management
Backing from a potential massive brand to be involved.
Massive investor interest.
This team will take it to £bn market cap = multiple £'s per share imo. They're not in it for pennies.
I have no opinion on the share price this week but this is a buy and hold for me at anyting under 50p and will look cheap as chips in 1-12months imo....
Zak had a 50p target on this on the ipo with good reasoning. I wouldn't be surprised if we hit that within 4 weeks with a few rns on the way...
I thought you seemed a little overly insecure at my response yesterday Echo.
Don't quit the day job lol. Not many people make very much buying and selling shares within a few days.
I'm here for the massive growth in the cannabis industry alongside the belief Peter wall, db, Alexis and others will make this company a standout in the industry and bag this many times over.
Many stocks that came to the US when they first allowed them to be listed have grown into multi billion dollar companies.
The appetite for investment in this industry is ginormous and much of this will come over to the UK now and in particular, cellular goods.
Aimo...
David Beckham is 'not yet' involved in the marketing.
Obstando surely even you can work that one out.
If he does get involved on that side, you won't get in below a quid.
You've been desperately trying to talk this down whilst thousands of us have been buying sub today's price and are now sitting pretty.
Read between the lines, this game isn't for you. Stick to accounting or whatever incredibly dull job you're in.
In 2019, the global cannabis industry was worth $12 billion. By 2040, it is estimated to hit $630 billion.
What do you expect?
It's just been on bloomberg!
They'll be buying this non stop for months.
Zak mirs 50p target straight off the bat could take a few weeks but I think it'll get there quicker than many think.
I can guarantee you they won't continue posting all day when this is back in the 20s!
Exactly my thoughts Simon.
Massive amount if interest in this stock and you and can see from the posts many are bitter they've sold and can't get back in without paying up.
This share will have massive interest for years to come and especially the next few weeks demand will exceed supply dramatically imo.
If this goes much higher it will be making a complete trend reversal and 28p will be targeted (or whatever the high was)
They have £13m which is far more than the others and gives them a huge amount of money for marketing.
This is the most liquid cannabis stock and should really have the highest market cap considering the potential here.
I should add these people are also bitter they buckled and sold out on the drop, now watch it go back up and try to bring everyone else down with them.
I've been investing for many years and when there are huge amounts of derampers, the price always go up.
Sad fact is that they all want to buy in.
Do you think ostando is going to spend several days of his life talking down 1 stock that he bought in 10 days ago and sold 5 days later for no reason?
It's incredibly sad these people are too dim to realise they show their hands and the smart ones just get in and hold imo.
Great company, great project, great management, highly connected shareholders and famous.
To me this is a buy and hold on tight and enjoy the ride. Disappointing when it shows 10.5p to buy for 1 whole hour when you can't even get £1,000 worth there.
I've been trying to buy here for an hour.
Fake offer at 10.5p.
Very good write up by zak.
The growth potential of this is off the clock and with profit margins that high, not very far away in a super growth industry, this could demand some hefty valuations on them multiples.
10 bagger from the ipo price very achievable quickly and some.
If Beckham starts to promote the sports side of this, revenue could be 10x what was suggested n the article.
With Peter wall onside too from Argo blockchain really gives this a lot of credit.
I very much doubt we will be below 20p by April...
I see the ceo of Argo blockchain is also a non exec director at the newly listed, Beckham backed Cellular Goods £50m market cap.
Anyone also in that?
Sorry but quiet board over there and find this fact quite interesting...
(Yes I do hold some cbx)
Nothing was sold after the close. If it was it would be reported the next day.
What you are seeing is a 4.225m trade that was likely part of a transfer or rollover and from yesterday (hence the date 8th march)
This will likely open around 10.25 tomorrow amd trade from there unless we get an rns.
The product looks very promising.
It has backing of 13 million quid
Peter wall, chairman of argo
David Beckham
The cannabis industry is expected to be the faster growing industry in the UK in the next 2 year's.
And people boast about selling for 1 pence profit.
People like obstando trying to be clever on the internet and troll people never make any money.
It's pathetic we have them here but best to use the filter button