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AC8

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4.0¢ auscann group holdings ltd

Nice summary. Fairly disappointing overall, but as you say you...

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Pennthorpe

168 Posts.

23

02/01/24

18:58

Post #: 71698108
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Originally posted by jcurve: ↑

I sprayed funds at almost all of them when things fired up 6 years ago. They were all a punt and none have delivered.
The only success I had was participating in a crowd funding round for Cannabis Doctors Australia which then back-doored into Cronos. Made good money on that but the resulting entity (VIT) has been disappointing (other than a couple of dividend payments).

Not much turned out the way it was planned in the industry.
Many factors contributed to that.
Mostly recreational users utilising it these days and I don't hold much hope for any of the remaining ASX listed companies to be honest. A lot of bad governance and opportunism.
ECS might get there if their current trajectory continues.

I've written off AC8, CGB, CP1, EOF, EPN, HGV, MDC, RGI, ZLD.
Still holding some hope for CAN, but they may not survive with so much debt.
I've lost a fair bit of money, but I knew the risks and am not sweating over it.

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Nice summary. Fairly disappointing overall, but as you say you went in knowing the risks. I actually do hold a bit of hope for AC8 after doing a bit of research into the German market, sounds promising on the medical side of things, with rec coming into play in the coming years. I hope things do pick up, as there are a few here that have held on a deserve a bit of reward for their perseverance.

AC8 Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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