4.11pm extension to Friday 28th April with anns out Monday May 1?
The "main product is CBD Isolate" and they were starting to harvest/process some plants. We might get an update on how those are progressing with luck. It will be good to get some $ numbers start to come in. Revenue going up in coming quarters is a nice dream at this stage. Grow more + process more = more $?
Two things I dont think will have any bearing on delays are
- Medcan court case - I cant see this being a problem with relisting. (maximum exposure $750k? in that court)
- Thai elections - Medical Cannabis is there to stay. Things might tighten up a bit at retail level. CBD Isolate doesnt sound like street level retail product
An update with the extension will be welcome if they can give us a few clues before the quarterly next month.
CGB Price at posting:
2.1¢ Sentiment: None Disclosure: Held