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

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terrier

1,866 Posts.

210

08/11/17

16:49

Post #: 28613964
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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..

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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.
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