RE: Mention in the Evening Standard20 Aug 2019 22:05
''UK stock markets list five UK medical cannabis firms — Sativa Group, Ananda Developments, Highland Natural Resources, Spinnaker Opportunities and FastForward Innovations — although they tend to flock to the UK's version of the CSE, known as the Nex market.''
JJAL - I won’t be long until ED becomes a cost with no revenue.
It may be very long as oil wells are not depleting that fast ;) It will last for 2-3 years. And in the meantime Zoetic will grow into at least £50mln mcap company. Zoetic expansion is really impressive and even you JJAL have to admit it ;)
Zoetic revenues to overtake oil and gas.19 Aug 2019 20:01
“Whilst our oil & gas revenues from our East Denver project remain our largest source of income at present, there is every reason to expect that this will change in the coming months as Zoetic continues to grow,” chairman Price said.''
''Last month the firm started selling CBD products in the two countries. It also recently launched a CBD brand called Chilli, which includes hemp flower and CBD infused herbal smokables. Chilli is available in 44 stores and the company expects the brand to be in at least 60 stores by the end of September.''
“In a short space of time, we have developed a vertically integrated CBD business that is now making sales on both sides of the Atlantic. “
Still I like this statement the most: ''Whilst our oil & gas revenues from our East Denver project remain our largest source of income at present, there is every reason to expect that this will change in the coming months as Zoetic continues to grow.''
RE: Cost Cutting + No bonus for CEO + Rapid progress exceeding income from ED in few months time.19 Aug 2019 14:32
Esski - and you fail to see that current organic premium quality hemp business got nothing to do with previous projects... Completely different market. Completely different scenario. Flexibility and monetising on opportunities like organic nitrogen discovery, is something that small company needs in challenging times and that this what they are doing here.
RE: Cost Cutting + No bonus for CEO + Rapid progress exceeding income from ED in few months time.19 Aug 2019 14:23
burningspear - also you have missed this bit: If they get an OTC listing shortly it could be truly transformational, some CBD companies have a P/E ratio of 200mil mcap+ (Charlotte's Web for instance)!!