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

CGB

0.00%

2.1¢ cann global limited

https://www.businessnewsaus.com.au/articles/new-acquisitions-make...

First 123 Last

Share
Profile

Follow
Froggy $

13,041 Posts.

274

23/06/18

12:02

Post #: 33901251
Share

Originally posted by elit ↑

CANN Group (ASX Code: CAN) on Fridays close had $411m market cap with its ODC licence and focused on cannibas medical side. Earns no revenue (see last quarterly) and expected to be long time before see any revenue from medical cannibas side.

QBL now has ODC licence with DA approved lab ready to be operational by end of year for medical cannibas side and then have cannibas food side where already have major contracts with Red Tractor supplying Coles and also distribution through online and other retail outlets for Vitahemp etc brands and just had first major harvest in April with next harvest expected to be double Aprils harvest. So early revenue / cash flow from hemp food side of business with exponential growth expected quarter on quarter from here already plus Canitab ready to go.

And then have Bauxite thrown in as wild card. QBL valued at fully diluted basis (ie ~3b shares) at $140m based on Fridays close or roughly 1/3rd of CAN valuation.

This is a value play for me as sold most of my shares when broke at open yesterday below 5.3 cents but bought most back at 4.6 and a little at 4.5 near the close. People are focussing on 3b shares when the only metric that matters is comparative valuations to other cannibas stocks and to me shows clearly undervalued. Especially for me when considering only fully integrated cannibas play justifies additional premium to share price valuation imho and why QBL my only weed stock invested in despite invested/playing in others at different times.

For value players/investors this as good as it gets.

Expand

https://www.businessnewsaus.com.au/articles/new-acquisitions-make-qbl-a-major-cannabis-player.html

QBL Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
13 Upvote

2 Great analysis

Reply

Top Stories

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM

PAM secures high-grade Chilean copper play in strong territory

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

There are more pages in this discussion • 426 more messages in this thread...

First 123 Last

Add CGB (ASX) to my watchlist

https://www.businessnewsaus.com.au/articles/new-acquisitions-make...

Top Stories

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM secures high-grade Chilean copper play in strong territory

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Featured News