Wow not expected ,the last of the pioneers now gone .The hype and excitement of this medicine cannabis sector in Australia final gone now . Reality has hit high cost and long time to Rev A much greater than we all expected and not help by Mr Hunt never tossed a bone except let imports dump in . There were a few that build this sector .Peter ,like a few others kill by share price And sadly for shareholders more cap raises .We all cheered in the early day
$3.00 share price ,looking back they had nothing,Just one license to grow ,So over top
Now they have something and share is only 0.27c . Big Risk who comes in will pull it apart to preserve capital you end up like EPN 2cent and all Gone . LGP run by Wonder Woman and managed to manage the company into a big fine from TGA and Risk the whole sector and LGP was supposed to be the one spec of hope Australia taking on the world
Medical Canabis is Need it helps many but sadly it’s a long way to go before we see ROI
and my guess we will see more more imports and bye to Australia companies .
We are going to see more share price pressure
Now it’s best guess maybe 22 cent low coming and spike back to 30 cent in 6 months
Peter was pushed bad news coming
Time to adjust the portfolio
t
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