After yesterday’s impressive debut PhytoTech Medical is looking even stronger today. While a few people thought (and still think) that this is/was a fluke PYL:ASX is up 100% (92c high) so far.
A fair amount of bids are still lined up in the 75-80c range. We currently see an iceberg buyer, or undisclosed buyer, in the queue at 79c to buy with less than one hour of trading left this week.
Many of HotCopper’s members have successfully converted buys from 42.5c to 60c. And as icecream said some members might have “made an average annual salary this morning”.
We all knew that cannabis had amazing properties. It has been widely used throughout the world starting with the Chinese (2737 B.C). Whilst its psychoactive properties are what comes to mind first other uses in the form of
It is unknown how far PYL:ASX and medical cannabis will go. What is certain is that as research progresses and as the world opens its mind to “alternative treatments” there will be many more PYL:ASX.
Which particular product/method will make it big is a billion dollar question. Australians love alternative therapies.
In 2000, Aussies were already spending ~$2.5 billion dollar on CAM (complementary alternative medicine). “Natural medicine” does not sound as juicy as “biotech” but certainly still is a largely un-tapped market in Australia.
A fair amount of bids are still lined up in the 75-80c range. We currently see an iceberg buyer, or undisclosed buyer, in the queue at 79c to buy with less than one hour of trading left this week.
Many of HotCopper’s members have successfully converted buys from 42.5c to 60c. And as icecream said some members might have “made an average annual salary this morning”.
We all knew that cannabis had amazing properties. It has been widely used throughout the world starting with the Chinese (2737 B.C). Whilst its psychoactive properties are what comes to mind first other uses in the form of
- Hemp (clothes/food)
- Medical (pain relief)
It is unknown how far PYL:ASX and medical cannabis will go. What is certain is that as research progresses and as the world opens its mind to “alternative treatments” there will be many more PYL:ASX.
Which particular product/method will make it big is a billion dollar question. Australians love alternative therapies.
In 2000, Aussies were already spending ~$2.5 billion dollar on CAM (complementary alternative medicine). “Natural medicine” does not sound as juicy as “biotech” but certainly still is a largely un-tapped market in Australia.
Who will take advantage of this opportunity and what will be their product?