Member Info for optimist13

Well, well, well

https://www.investegate.co.uk/gunsynd-plc--gun-/rns/update-on-sunshine-minerals/201809190801532350B/

https://www.businessinsider.co.za/south-africa-constitutional-court-decriminalised-cannabis-weed-dagga-consumption-2018-9

South Africa's highest court decriminalised cannabis (dagga) use and private cultivation on Tuesday morning.
It said the country's cannabis ban was in contradiction to its constitution which gives citizens the right to privacy.
South Africa is a large source of herbal cannabis for the United Kingdom and continental Europe.
The Constitutional Court of South Africa, the country’s highest court, on Tuesday morning ruled that the personal use of cannabis is not a criminal offence.

In a unanimous decision, the court ruled that the ban on private possession and consumption, and cultivation of the plant for own use is unconstitutional.

It found that the country’s cannabis ban infringed on section 14 of the South African constitution which gives all citizens the right to privacy.

David Lenigas Retweeted

iLuv_2_Travel
‏

@iLuv_2_Travel
2h2 hours ago
More
Now that canabis is legal in South Africa, might $LG think of potentially trying to make a deal there again. https://www.bbc.co.uk/news/world-africa-45559954 … @DavidLenigas @Jadmcmullen @CanadaPotstocks @cdnstockgirl @ndaloisi @torosuerte1 @airic101 @HighRiseStocks

South Africa's highest court legalises cannabis use

https://www.bbc.co.uk/news/world-africa-45559954

In the RNS dated the 30 August, DL made the following comments:

"The Company has recently also announced in its interim results that both its wholly owned subsidiary, Dynamic Intertrade (Pty) Ltd, as well as its 46.8% owned subsidiary, Dynamic Intertrade Agri (Pty) Ltd, have seen improvements in their trading. The Board is pleased to report that this improvement has continued since the half year ended 30 April 2018."

So, four months after the half year, the two divisions are profitable and expanding, which leaves the additional funds raised for further expansion, which gives credence to the following statement:

“It has taken time to find an opportunity that opens up possibilities for AAA to really grow and bring rewards to shareholders. The board felt it was important to seek an opportunity where AAA could add real value and create an investment opportunity of size and substance. I genuinely believe this loan, and the work to be done afterwards with Comarco, will bring exciting future opportunities and returns to the Company. Ports are long term growth assets and this port is of considerable strategic importance to East Africa as well as the major oil and gas companies as they develop their substantial new off-shore discoveries from Kenya all the way down to Mozambique.”

Not sure what the next investment will be, but with the connections that the directors have and their knowledge of Africa, expect the unexpected.

Assuming the due diligence completes satisfactorily, AAAP will invest £769,000 in Comarco by way of a 2 year loan. That leaves a further £230k available from the placing for further investment.

In the recent RNS's on the Comarco transaction, DL stated:

"As announced on 30 August 2018, to support this growth, the Company will provide assistance with Comarco’s restructuring and examine further ways to work or invest together."

We know that the existing AAAP businesses are now profitable, so I am betting that the directors have another investment opportunity lined up, which I suspect will be a JV with Comarco and possibly other partners.

Doubt we will have to wait very long now for further news.

could this be the first of many buy trades this week:

17/09/2018 15:05 1,616,326 0.123

Link to report:

https://www.bnnbloomberg.ca/coca-cola-in-talks-with-aurora-to-develop-cannabis-drinks-sources-1.1138528#_gus&_gucid=&_gup=twitter&_gsc=gQCuZEQ

"Coca-Cola is in "serious talks" with Aurora Cannabis to develop cannabis-infused beverages, according to Canadian business news channel, BNN Bloomberg.

The report says Coca-Cola wants to develop drinks that will ease inflammation and pain, rather than getting customers high.

One source quoted in the article says it will be marketed as a recovery drink."

https://www.bbc.co.uk/news/live/business-45507862

Bit of an imbalance between buy and sells. MM's still trying to accumulate some cheap shares.

"Within the plant, British Sugar grow a "key ingredient" for GW Pharmaceuticals, a biotech company which has developed the cannabis-derived Epidiolex, an experimental treatment for severe forms of childhood epilepsy – a condition without an effective treatment.

The yield from this site makes up the majority of the UK's exported cannabis-derived medication. GW Pharmaceuticals' Sativex, an anti-spasticity drug containing a 1:1 ratio of THC to CBD – the principle psychoactive component of cannabis and a non-psychoactive, highly therapeutic component, respectively – is sent to 30 countries around the world, but is expensive and largely unavailable on the NHS. A considerable amount of purified CBD is exported to the US. In 2016, the UK produced 95 tons of legal herb and exported almost 68 percent of the world's total medicinal weed."

https://www.vice.com/en_uk/article/59qjnx/my-quest-to-get-inside-britains-biggest-weed-greenhouse

"The UK is the world's biggest exporter of cannabis-derived medicines. This British Sugar greenhouse is where a whole load of that cannabis is grown."

https://www.independent.co.uk/news/uk/home-news/cannabis-legal-uk-worlds-largest-producer-marijuana-weed-un-body-findings-a8243921.html

UK world's largest producer of legal cannabis, finds UN body
'It is scandalous and untenable for the UK government to maintain that cannabis has no medical uses'

Further coverage on Reuters:

https://uk.reuters.com/article/uk-afriag-global-cannabis/south-africas-afriag-seeks-uk-medical-cannabis-producer-licence-idUKKCN1LX0KY

Given DL's remark yesterday and the news over the weekend and this morning, I reckon we will see the results this week.

David Lenigas
‏

@DavidLenigas
35s35 seconds ago
More
I’ve been advised that Cannacord in the UK have just gone on as market maker for AfriAg Globalnthis morning. Now we have as market makers at @AfriAgPLC Winterfloods
Peel Hunt
Shore Cap
Canaccord

0 replies 0 retweets 0 likes

Andrew Oliver
‏

@Optimist13
2m2 minutes ago
More Andrew Oliver Retweeted David Lenigas
Great news David. Look forward to the reading the updates as the application process proceeds. With current revenues of circa £18m from the other divisions, people may finally wake up to the value @AfriAgPLCAndrew Oliver added,
David Lenigas

@DavidLenigas
AfriAg Global just announced that is now starting the process with major UK law firm to apply for a full UK #MedicalCannabis production licence. AfriAg Global trades on London NEX and has a market cap of less than £3m. ⁦@AfriAgPLC⁩ https://www.investegate.co.uk/afriag-global-plc/afri/medical-cannabis-licence-in-the-uk-to-be-sought/20180917070000PB0F3/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=AfriAg%20Global%20Plc%20Alert …
0 replies 0 retweets 0 likes
Reply Retweet Like View Tweet activity

https://www.investegate.co.uk/afriag-global-plc--afri-/prn/medical-cannabis-licence-in-the-uk-to-be-sought/20180917070000PB0F3/

Medical Cannabis Licence in the UK to be sought by AfriAg Global

AfriAg Global PLC, the London-listed global food and logistics group, announces that it has formally engaged the London office of law firm, Hill Dickinson LLP, to assist with the Company’s application process to become a licensed cultivator and producer in the UK of medical cannabis.

The UK is one of the world’s largest producers of legal medical cannabis under special licences granted by the UK Government.

David Lenigas, Executive Chairman of AfriAg Global, comments:

“I have extensive experience in the global legal medical cannabis sector, having assisted with financing medical cannabis operations in Jamaica, Australia, Canada and Europe, and the board see a huge opportunity here for AfriAg Global to help the UK increase its global market presence in this very exciting and fast-growing sector. Applying for this licence is a very detailed and highly regulated process and it will take some time. We have started the process by appointing a highly skilled major law firm to assist the Company with the formal application for a licence. The application will be sought in the name of AfriAg Global, and if appropriate, we may bring in other experienced global partners to assist with our application.”

The directors of the Company accept responsibility for the contents of this announcement.

Andrew Oliver
‏

@Optimist13
15m15 minutes ago
More Andrew Oliver Retweeted David Lenigas
@AfriAgPLC Nice one David. This should hopefully create a bit of interest in the shares next week. Anticipating some investment news along with the results this month.Andrew Oliver added,

David Lenigas

@DavidLenigas
AfriAg Global in the Sunday Times in the UK today. ⁦@AfriAgPLC⁩
1 reply 0 retweets 1 like
Reply 1 Retweet Like 1 View Tweet activity

David Lenigas
‏

@DavidLenigas
40s40 seconds ago
More
Results are due out before the end of the month. It’s a great business.

0 replies 0 retweets 0 likes
Reply Retweet Like Direct message

Hi Kenny, I was checking how Lewis Hamilton qualified in the Singapore Grand Prix, and noticed DL's tweet. One thing led to another, and I felt sure you would have picked up on it. So here I am, but not for much longer.

Have a good day.