Those large companies are one of the risks to any Australian company hoping to enter the space IMO.
Not only, will they have more advanced technology from harvest to quality control etc, but they will also have a head start on product development, profit etc.
Those top 25 companies, which are worth billions, are already selling product to a client base nearing 100million people, over 10x the potential australian market IF it was fully legalised, which isn't even on the cards at this stage.
the MM market is a fraction of that, and even that is in its infancy in Australia.
It's like when you see revolutionary tech stocks listing in Australia, how many succeed? 1 in 10000? 20000? I can only think of a handful on the ASX that still exist, let alone are successfully commercialised, and none of them have the legal disadvantages that this sector will have.
- Forums
- ASX - By Stock
- CGB
- Cann Global Listing Date
Cann Global Listing Date, page-118
-
- There are more pages in this discussion • 146 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review