AC8 - SP and 2022, page-4

This year should be interesting. On the legislative front it sounds unlikely that there will be decriminalisation at Federal level, with perhaps the Safe Banking Act a better chance of making progress this year. On a positive note further legalisation in countries such as Germany and Mexico may help.

My view is this stock needs some company specific news to give it a lift. Which will happen this year with entry into the US market etc

On a long term trajectory pet health is a growing market with less people having kids spending more on their pets etc

Some other companies have started the year well including Cronos on the back of a merger with CDA Health.

Lets hope in 12 months time we are in a much different position. I’m quietly optimistic but do hold a long term view.