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4.1¢ incannex healthcare limited

This is a positive development IMO, realign cash flow with...

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MickeyMantle536

933 Posts.

1446

21/10/19

17:49

Post #: 40993331
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Originally posted by Exalted ↑

As much as this was unexpected, pretty clear that the market is mainly focused on the development of Incannex and the MedCann biz which I think the team are too. Guess IHL didnt want to put their resources towards One Championship and the dental side?

Red is how the market reacted to the One Championship Ann, and green is the Oils Supply Agreement + Incannex Brand Launch.

Dont think anything came about as a result of the OC Partnership either as said in the Ann. Unfortunate but nothing substantial was invested and nothing was gained or lost either. There was a chance of increased revenues of course, but again nothing actually happened.

Edit:@WayneEnterprises Think its either the company is focusing their efforts mostly on Incannex now vs the Dental Biz or...
Stab in the dark here but, Asia in general has negative attitudes towards cannabis and drugs in general. Perhaps conflict of interest in One Championship partnering with a company that engages in cannabis activities? Could be completely wrong here and its likely the former.

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This is a positive development IMO, realign cash flow with building IP, the “downstream“ part of the business that could create enormous market capitalization.

IHL Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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