CGB 0.00% 2.1¢ cann global limited

Ann: CANNTAB ARRIVES IN AUSTRALIA, page-107

  1. 3,013 Posts.
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    Hi Aussie,

    Let me clarify the AK remark. The company didn't say that it was no longer using Andrew K but during the Feb podcast, where I asked specifically what was happening with Hemp Research and our own cultivation in Australia, the company mentioned that it was stepping away from focusing on the Australian Hemp Crop investments and growing its own hemp crops.

    https://www.openbriefing.com/OB/4182.aspx Time - 48:12
    My Q
    : What’s happening with Andrew Kavasilas (his name was omitted) and the Hemp Research and Cultivation of hemp crops in Australia?
    CGB: As I mentioned earlier, we are focusing on our cultivation at the moment in Thailand, as the cultivation that we have in the past done in Australia has not had the type of success that we would have had hoped therefore we have generally moved to a model where we have contracts with growers that are already growing the products in Australia and so we have significantly moved back from growing our own hemp crops in Australia we now have significant contracts with others within Australia, and that has been working very well for the company; it reduces our risk of investing, as we have in the past, significant funds in crops then fail, we don’t want to do that again, so what we do want to do is obviously invest and support the farmers that are actually growing the crops, in which case we can then turn that into our unique products and this is what we have been doing. It is not to rule out that we may do this in the future again on the hemp side, it is a possibility, but it is not an immediate one.

    Mate, I know that this was Andrew's baby, and the website confirms that the hemp cultivation/processing is focusing on the Asian operations and hemp hulling is still being done in Australia.
    https://www.canngloballimited.com/our-business/hemp-cultivation-processing/

    From what I can gather, Andrew is still mentioned as working with the company with regards to researching Medical Cannabis. My comments relate to Industrial Hemp operations.
    https://www.canngloballimited.com/medical-cannabis/medical-cannabis-limited/

    You just have to draw your own conclusions from the company's answer. You may read it differently.

    Cheers and all the best...59
    Last edited by Neil1959: 05/08/21
 
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