Yes, cannabis is a joke. No meaningful IP or patent possible on a plant that is widely available and easy to cultivate at the origin of all products in the field. And it is banned federally in the US which makes it a legislative, financial, legal and regulatory minefield. Cannabis was a great bubble to prop up for all the ignorant and potheads in finance. Most of these stocks have now collapsed.
The only reason I encourage OCC is because it has FDA approval for Striate/Celgro AND the deal with BioHorizon. Which allows OCC to market and sell its products in the USA. It can not only gain monster sales from this, but also leverage other FDA approvals and deals, for Remplir, Rope etc
Milestones and successes would be rewarded with higher valuation for the stock by US investors and funds. Which would allow OCC to turbo charge its growth.
This is simply not possible from WA or Australia or on the ASX. Look at the volumes traded. They are pathetic.
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OCC Trading, page-1319
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Last
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $81.63M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 39.0¢ | 37.5¢ | $49.66K | 129.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20305 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 77938 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| OCC (ASX) Chart |