ECS BOTANICS HOLDINGS LTD (ASX:ECS) - Ann: FY24 Results - Record Harvest, Profit and Revenue, page-47 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by NoRunningLights ↑

UN Convention?
UN Single Convention on Narcotic Drugs??

Yes, a fascinating document. Are those who think legalisation is just around the corner familiar with this #101 set of international laws?

So... how are you going you close down Australia's Oxyheroin /opium producing industry?
Because according to this crucial Convention any country with legalised Rec cannot provide legalised odioid addiction to the world - and we are by far the planet's biggest player in this grubby trade.

Sorry, you cannot just wish this one away. It is one of the most powerful subsets of International Law on the planet.

As somebody who has been intimately involved with both the cannabis trade and political/social change for over 50 years i will just say that i do not share the optimism about Labour ever growing a spine. (about anything)

And as someone who counts a few of the Greens leaders as lifelong friends - i know where their priorities lie.
Sure, they will keep advocating, but they ain't going to use any leverage that they have on insisting that legalised "dope" is part of any deal. Fact.
They have far more important things to change.

Nb, the previous US election occurred when Au barely had the hint of an actual industry itself.
Of course events in the USA had big implications here at this time - the boosters and the shysters had nothing else to work with.
My claim that US events would soon have no relevence to the Au cannabis sector is prooving to be correct - i can see zero meaningful correlation between the asx sector and US cannabis funds since about Jan '23.

I will also note that my political radar predicted with 100% certainty that Free Banking and Deregulation would NOT happen in the USA in '23 and 24.
It didn't - despite every cannabis booster on the planet's predictions.
It will happen next year. 100%.

I have never been one to let my hopes and my dreams interfere with my hard nosed, hardcore realistic - intimately informed - assessments when it comes to my investments in cannabis.
ECS, just like me, MUST - and can - stand on its own two feet without relying on false hopes from either Labour or the Yanks.

...i reckon anyway.
100%.

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Agree to disagree on your " US events would soon have no relevence to the Au cannabis sector is prooving to be correct - i can see zero meaningful correlation between the asx sector and US cannabis funds since about Jan '23." here is ECS compared to the top 3 cannabis ETFs:

Its because nothing has been happening on the sectors, however they are still pretty correlated, with a correlation coefficiant mostly above 60 since 2023 , just hovering around the lows for the last year. Infact if you look at YTD performance they pretty much inline, with ECS actually lagging by a couple of percent given we started the year at 2.1 cents.

We have had this disagreement before, and time will tell whos right with this one, like I showed before, Im just going by history, heres a chart I labelled ages ago but makes the point:

You can see our quarterlies and company news wasnt doing anything for the share price, and all the huge jumps came from overseas news, UN and WHO rescheduling cannabis, US passing MORE Act, Democrats winning senate, these were all the big jumps for ECS share price, not the quarterlies and company specific info that was still very good at the time.

This was not just ECS by the way, overlay any ASX cannabis stock over the same time, they all had the same big jumps, despite the companies not really doing a thing to get the big changes in valuation.

Markets ARE sentiment driven, which is why you got companies that had nothing going for them sitting at 5 mill market cap then they announced they would drill for lithium suddenly putting on 30-40 million in market cap in the lithium hype last year, same thing is happening this year when companies are announcing they will work on AI.

And it explains why even CAN and AC8, etc went to the market caps they did in the last cannabis run they were trading at $550+ million at some points when they were cannabis cultivators not growing a thing. If thats not sentiment dont know what is.

I would be more than happy if our market cap was based on fundamentals alone, ie standing on our own two feet, but look at the last 2 years, we have had countless positive announcements and made progress with fundamental standing in strides, yet we are hoevering around the same market cap and prices that we were years ago:

If we were only needing ECS to stand on its own two feet surely we would be by now?! Really cant ask for more positive progress by a company, in terms of what they have achieved over the last 2 years, yet here we are around the same price and market cap.

As Ive said im of the opinion its about sentiment mainly, and when the positive sentiment comes back to the sector, we will see bigger jumps in ECS than any company sepcific announcment has done to us in the past. I do think the only way we get to the $50 million + market cap this year is with some help from overseas markets, but if there is a year that will happen, its this year with the US elections and with a new (hopefully) administration coming in next year, so it could all be lining up nicely.

Im happy to be wrong here, but lets come back to these posts over the next year, when, fingers crossed, we are seeing huge volume of 50million+ shares being bought of ECS, and then reflect on what the catalyst is behind the buying.