CGB 0.00% 2.1¢ cann global limited

CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-1089

  1. 2,997 Posts.
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    These are all fair calls and good analysis.

    I am backing the company to continue the build and put an increasing amount infrastructure in place to increase their product range and expand their hold more globally, even if legislation changes in Aus do not change in the short term. The Vietnam expansion will become earnings positive in the long run with many more products in the pipeline (no one is sure what the profit/loss looks like yet). They wouldn't expand here if they couldn't make it work and hadn't run the numbers internally before doing it.

    There is an increasing amount of coverage in Aus in the past six months with news reports on TV, newspaper articles and celebrities (namely Olivia Newton-John) spruiking the benefits of a range of Hemp and Cannabis based products. Superfoods are increasing sales also.

    The companies they have entered into joint ventures with also agree that CGB's capabilities will come to fruition or they would not bother with the JV's as it would be seen as negative news to their own companies. These moves instill confidence IMO as they are more inside than we can be.


 
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