Australia's largest stock trading and investment forum Australia's #1 stock forum

CAN

Click for more information

5.41%

3.9¢ cann group limited

Is today likely to see the final implosion of CAN, page-23

First 23 Last

Share
Profile

Follow
Jonalanat

379 Posts.

78

03/12/19

11:46

Post #: 41766244
Share

Originally posted by amb005 ↑

The thing with this industry now, is that cultivation is not going to be what makes a cannabis company rich, its going to be extraction, and using the extracted compounds to infuse into their own branded products, whether is just oils, medicines, drinks, etc.

What we have with CAN is a company that has blown its wad on setting up a cultivation site that they cant even get done. Management have shown that they cant get things done even with everything is given to them on a platter (money , licenses, first mover advantage, etc) still couldnt organise a green house with millions of shareholders funds. Why would you trust they can dig themselves out of this with no money, and losing their competitive advantage, and focusing on what is quickly becoming the least profitable area of cannabis (cultivation)

Expand

Sounds very much like THC Global if you ask me re extraction and branded products infusion...

And it also has a decent sized facility (biggest in Southern Hemisphere)...

Why wouldn’t CAN try to get into bed with THC and half it’s problems are solved ?

Last edited by Jonalanat: 03/12/19

CAN Price at posting: 44.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

FXG

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

There are more pages in this discussion • 15 more messages in this thread...

First 23 Last

Add CAN (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change 0.002(5.41%)		Mkt cap ! $18.21M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.8¢	$68.58K	1.748M

Buyers (Bids)

No.	Vol.	Price($)
3	173255	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	818711	9

View Market Depth

No.	Vol.	Price($)
3	173255	0.039
6	964830	0.038
2	1077309	0.037
3	2387520	0.036
3	2060069	0.035

Price($)	Vol.	No.
0.040	818711	9
0.041	306410	2
0.043	43260	2
0.044	256410	1
0.045	53897	2

Last trade - 16.10pm 28/08/2024 (20 minute delay)

CAN (ASX) Chart

SPONSORED BY