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2.1¢ cann global limited

Ann: Company Update and Suspension Extension Request, page-27

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church70

558 Posts.

107

10/12/23

20:38

Post #: 71373118
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Originally posted by workingdog: ↑

Thailand is hottest place on the planet right now to grow commercial cannabis. (DYOR)

IF CGB can play a part in this massive emerging govt supported Thai industry I am hopeful anyway, that things might improve.

They had a healthy balance sheet of cash $8m+ (9 months ago) to continue operations. They have stated their main product is "CBD Isolate" ie extracts and other products. They are on the Acquisition hunt for multiple companies.

They were growing 20,000 CBD plants, once processed and sold what is that worth? presumably something? so that would indicate possible revenue to add to the coffers. They have reduced AU management and staff costs signicantly.

"Currenty, Thailand exports Cannabis Extracts which are used for the production of medicine and cosmetics worth about 100 Billion Baht each year"https://www.bangkokpost.com/thailand/special-reports/2697119

How much is 100 Billion Baht in AUD?

Yes we need the outsanding financials and reports etc etc but the Thai Market is looking pretty good if we do emerge from this long tunnel...

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pinna and sholom should be prosecuted for illegal acts?

CGB Price at posting: 2.1¢ Sentiment: Sell Disclosure: Held
10 Upvote

3 Great analysis

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