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

While the book is well covered Bells are still looking for...

First 6 Last

Share
Profile

Follow
terrier

1,867 Posts.

210

08/11/17

16:49

Post #: 28613964
Share

Originally posted by Active ↑

This is one of the most topical and best IPO’s of the year.
Hemp is due to be legalised in Australia next week and Hemp foods Australia is already selling $3m annually of product before the legalisation date and is the largest and most recongnised brand on the market.
Elixinol is one of the most recognised brands of CBD oil in the US and is selling in 22 countries and counting! $12m in revenue and growing at almost 100% annually.
Medical Marijuana part of the business will have the capital to see it through to cash flow unlike almost every other listed pot stock.
The register will be very tight and 70% escrowed till audited FY18 results.
What I am hearing is that the book is already several times over subscribed and will be very difficult to get set in.
Hemp is the new superfood and the market is about it be given a market darling to invest in..
Just look at Manitoba Harvest and Canopy group overseas to see what is possible..

Expand

While the book is well covered Bells are still looking for spread, it seems any clients asking for up to 5k will get the lot, must say withe the calibre of brokers pushing it it should go very well.
1 Upvote

Reply

Top Stories

LIS

Li-S Energy the latest microcap to pivot to US defence market

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

LDX

Lumos Diagnostics surges 140% on major US contract deal

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 6 Last

SPONSORED BY