Australia's largest stock trading and investment forum Australia's #1 stock forum

IHL

Click for more information

0.00%

4.1¢ incannex healthcare limited

Ann: Options exercise, page-37

First 37 Last

Share
Profile

Follow
JelloB

2,889 Posts.

241

06/09/20

15:36

Post #: 47123908
Share

Originally posted by Exalted: ↑

Opposite of conflict of interest...

Cannvalate is a distributor. They sell the branded product of brands that they partner with. They are also involved with Valens to create Australia's largest plant for medicinal cannabis in Melbourne, a $50M project to create ready made generic products like oils and gels. 95% of Australia's branded goods are just imported EU/Canadian GMP approved product. Connect the dots....

Incannex is a brand of oils biz, like Althea is. Difference is Sud and Cannvalate is aligned with us.
Also, Incannex IP will belong to us not Cannvalate.

The thing is, with Cannvalate being #1 SH and likely subholder when they convert the rest of their options will mean it is possible that they will want to take us over or merge with us to acquire the IP. Cannvalate has flagged to list on the ASX before and have raised seed funding but have not listed thus far. Why?
Instead they have done this deal with IHL, and Sud is working with us as well. A lot to think about there...

Expand

Also, there are a few cannabis companies raising money with the intent of listing and can’t get there. One of those companies owes me money haha.

IHL Price at posting: 5.7¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

FRB

Firebird snaffles Environmental Permit for Jinshi plant

SDF

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

FBR

FBR's robotic home construction tech passes first US early-stage structural compliance check

GL1

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

There are more pages in this discussion • 7 more messages in this thread...

First 37 Last

Add IHL (ASX) to my watchlist