An interesting announcement from LGP this morning. Probably an ideal partnership in complementary fields of medicine, Cannabis and Psilocybin. LGP seems to continue strengthening its suite of products.
In light of what has been happening in the sector over the past few years with the crazy cash burn by many of the Cannabis players, if LGP can continue to make good and steady business decisions to build its business model, backed by reputable organisations, and watch its expenditure along the way, then the market should continue to react favourably and we see some of the Cannabis investors return and a bit of confidence return to this sector. IMO.
See how afternoon plays out after the market has a chance to digest the value to the business.
