CGB 0.00% 2.1¢ cann global limited

CGB Asia/Laos

  1. 722 Posts.
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    I can't see how CGB having an Asian Division based in Laos is going to be any benefit to shareholders or the company for that matter, Laos is ranked as 132 most corrupt countries to do business in out of 178 "according to the 2018 Corruption Perceptions Index reported by Transparency International" 2018
    https://tradingeconomics.com/laos/corruption-rank

    It does not in my opinion make good business sense to base CGBS Asian HQ here when it seems corruption is nearly unavoidable at any level of Government and the private sector, I would have grave concerns about the quality and source of products, would there be a way to tell if the were grow and purchased ethically, are the workers on the farms that are going to supply CGB with product going to be treated and paid fairly by their employers, is CGB only going to purchase Hemp products from their own contracted farmers or are they going to purchase from any local growers or sellers.

    Are CGB planning to ship this Hemp back to Australia to be processed in to Hemp Oil, Hemp Flowers, Hulled Hemp Seed Etc.

    In my Opinion CGB should hold of the Expansion into Asia and Just stick with their original plan of Supplying Asia with Good Australian grown and Manufactured Hemp Products, and Not Mess with the image of good Quality Australian products by Growing and manufacturing in Asia.




    https://hotcopper.com.au/data/attachments/1831/1831742-b8c80b71e20ae0e656fe673962b0dec9.jpg
    https://jclao.com/tag/corruption-laos/
 
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