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11/12/16
04:14
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Originally posted by 952i
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Anyone look at the eSense IPO and is interested?
I just finished looking into it, somewhat interesting but not worth throwing the kitchen sink at yet.....
Basically from my understanding
- Terpenes from cannabis create a synergy "high" and replicate the medicinal benefits of cannabis. However its expensive extracting the terpene profile from cannabis as its in 0.5-3% concentration.
- The company reverse engineered the terpene profile by using other raw ingredients ie. extracting limonene from lemons. In doing so they reconstruct the cannabis terpene profile.
- Hence they can provide a scalable size of cannabis terpenes to recreate cannabis effects for pharmaceuticals, drinks, essential oils, e-liquids. Another few benefits is it includes no cannabinoids so its legal high, also can recreate the same medicinal benefit consistently where as with cannabis strains it varies from strain to strain.
- 1 commercial agreement for e-liquids with Allor Vaporizers ($20k/L of e-liquid). Which is likely to eventuate in April 2017.
- MC of $15 (including milestone 1 shares), EV $9m.
Doesn't speak multibagger to me yet though, anyone have any thoughts?
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@952i
I think ESE a very good IPO and should do very well... EV is small and it has vast uses... it has also lower cost production advantages vs peers...
I don't have access to my notes for few weeks but I would suggest to dig a bit more to see value... its a nice little co IMO
Cheers