Kanabo Group - KNB - Share Chat

It’s a pleasure and I appreciate the nod. More than happy to continue to share potentially useful tidbits of Kanabo related info

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An article exploring the size and potential of the cannabis market, making a rather bold claim abput the UKs potential.

https://businessofcannabis.com/uk-to-become-second-largest-medical-cannabis-market-in-europe-this-year/

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Not going to read beyond what is claimed in the link … Hope it is an accurate forecast though :slightly_smiling_face:

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An update on policy relating to legislative reform on cannabis use in Germany. Its not bad news to hear that the thinking through of reform is taking shape. It is as they say, a game of patience, to put it mildly.

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Lot’s of good things in this article; British American Tabacco investing a significant sum in cannabis, another company setting up in UK (well Jersey) in preparation for the slow march towards legalosation in europe. Add that to the progress in Germany, recent news that Switzerland are upping investment in cannabis research and Australia starting to talk openly about legislation and the bumpy road is beginning to look less bumpy on the horizon (but currently feels quite bumpy).

https://businessofcannabis.com/german-cannabis-plan-today-bats-10m-cbd-punt-tyson-in-amsterdam-uk-cbd-deadline-lags-tilray-into-czechia-et-al/

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News on legalisation in Czech Republic. No news on date but the wheels appear to be in motion

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Notice of the the discussion of ‘the economic controbution of cannabis’ which took place in UK parliament today at 3pm, led by MP David Mundell. Includes a link to download briefing paper on the discussion

https://commonslibrary.parliament.uk/research-briefings/cdp-2023-0086/

An article covering the MPs debate on Thursday. Key takeaways include the lack of understanding of health and economic understanding. Also covered are some figures underlining the strong position the UK currently inhabits in the cannabis business sector in europe. A fact which both boggles and encourages considering the anachronistic thinking of the sitting government’s front bench.

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Anyone elses price not updating?? Talk about bad timing!!

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It is slow in updating, but seems normal. Anyone else know anything about reasoning behind the mini jump today?

I was trying to buy shares in Kanabo early doors yesterday and the maximum I could get was £500 @2.9p so had to make several small buys, mms short on shares after a few recent large buys so price ticks up. Just think what will happen to the SP when positive news lands.

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Germany waters down plan to legalise Cannabis following EU concerns

Some news on the positive impact of citizens action moving the Finnish government to debate cannabis reform

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Interesting share price movements recently, MMS tried to take it down unsuccessfully and since then we are steadily heading north. I tried a buy £500 before close and after the SP ticked up and got rejected.
Ideal time for an upbeat RNS

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Not directly linked to Kanabo’s fortune, an article outlining reintroduction of SAFE banking vote in congress. If passed banks will no longer face potential penalty charge for working with cannabis businesses. Meaning that said businesses can move from cash only to card.

If passed, no doubt this will have a ripple effect. Alongside the growth of legislative action taking place across europe and Germany’s recent update on reform the slow march towards a legal market is gathering pace.

It is still a bit one step forward… yet, market movements are becoming more reliant on a rns as opposed to the wild eye of hope that has been a domineering presence over the last two years.

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Kanabo revenues increase by 700%+

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So basically it burned £2.2m more than 2021 to ‘earn’ £0.5m more than 2021.

Sounds like its headed for the plug hole :rofl:

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I know it’s not the best new wanted as In it’s mlns up! But that’s a good increase, losses wided yes but they did purchase stuff and hopefully there in place for future marketing,

Slow burner all we can do is wait! We are down that much anyway!
It’s made progress hopefully they got plenty cash burn! To see for another year(s)
:thinking::+1:t2:

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The cash runway question is probably the only thing giving me minor indigestion. Elsewise, last year they spent a ton of cash on setting up the GP service, the ce mark for their new vape pod, which will be a medical grade dosage machine (perhaps the only one?) and the r and d side which sets Kanabo up as a ‘farm to pharmacy’ company. Their current cash position is on the unsurprising side of the scale.

The cannabis market as a whole is suffering from a sobering up period that has been divine in scale and doubtless there will be more bumps. Yet, as more and more news about reform across europe comes into play, the good news is that Kanabo’s products and services are on the more conservative side of cannabis reform.

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Are we finally cooking on British gas?