Another big drop today, time is running out for this company.
All for the sake of bureaucracy.
A rejection of the application for CE approval be better than this slow death.
It is official, this thread is now a support group. I mean at least the volume was good…
600k sell dropped it, before a little buying picked up the SP.
Getting beyond a joke this.
Maybe an upcoming rns about the delay or worse putting the CE mark on the back burner? The linkedin posts seem to be openly looking for investors and the cash runway is shortening. Either way it looks like someone has a bit more intel. than we do!
They won’t have any information about the delay though, I bet they don’t know any more than we do. A major problem when your primary business objective ends up as a never ending frustration to progress.
Taken from April financial report, we really need some news to lift the SP out of this downward trend.
2.3 Going concern
The preparation of the financial statements requires an assessment on the validity of the going concern assumption.
The Directors are required to satisfy themselves that it is reasonable for them to conclude whether it is appropriate to prepare the financial statements on a going concern basis, and as part of that process they have followed the Financial Reporting Council’s guidelines (“Guidance on the Going concern Basis of Accounting and Reporting on Solvency and Liquidity Risk” issued April 2016).
As at 31 December 2023, the Group’s cash position was £3,210 thousand and it was in a strong net current asset position. Based on the above and the Group’s current cash reserves and detailed cash forecasts produced, the Directors are confident that the Group will be able to meet its obligations as they fall due over the course of the next 12 months. The Group is planning to run new income streams and / or raise further funds in the next 12 months. The Directors are confident that the Group would be able to meet it’s obligations as they fall due, due to the low level of committed expenditure relative to the forecasted discretionary expenditure, which could be reduced or deferred. Although, the Board acknowledges that there is a material uncertainty related to the timing of the new income streams and further fund raise, which could give rise to significant doubt over the Group’s ability to continue as a going concern, the Board is satisfied the Group will have sufficient funds either from forecasted operations or through additional fundraising to meet its own working capital requirements up to, and beyond, twelve months from the approval of these accounts.
As a thought the continued plummet will not be helped by yesterday’s rns from Hellenic Dynamics; The greenhouse grower company in which Kanabo invested £700k. They are in significant trouble and apparently the £1m lifeline promised went to the wrong bank account…
Yes 8% drop on no trades, and a new 52 week low on no trades.
This isn’t sustainable is it, at the rate the sp is dropping we will be lucky to last out the year.
I Invested on the basis of the vape pod, if that’s a never ending story then I can see KNB getting bought out for peanuts.
Most recent installment of the Tamir/Sacranie discussion about Kanabo. Like the others, it is a bit waffly but towards the end Tamir talls about the market and the need to be patient. It’s calmed my nerves a little.
And we have turned blue for some reason.
580k buy @1.073 that what lifted the SP, nice to know it’s still got some bounce
Digital pathways framework scrapped
NHS England scraps £300m digital pathways framework for GP tech.
Game over and has been for a while
Wouldn’t rule out a consolidation of shares! Another company pulled out pants down 
It’s certainly taking an age to make progress, doesn’t help that the UK as usual are so far behind the curve when responding to the rapid change in the medical cannabis market globally.
It’s not sustainable though, at some point things will have to open up otherwise rather than being a global player in this emerging market we will be left behind missing out on the huge potential for wealth this industry will generate over the coming years.
As for the digital pathways, we don’t know if KNB even submitted a tender so nothing lost there.
Another decent buy gone through and the SP ticks up, remember this moves fast as soon as there’s any significant trades.
Tried topping up ages ago just to bring some AVG down pennies compared to past amount was at 120 pressed buy only got it for 150 so I literally give up with this stock 
Yes that’s the one thing I don’t like about this platform, you don’t know what price you are getting.
You should be able to make your bid and see the price before you buy which is why I would never use this to trade stock but only hold long term or for news.
Only thing you can do is observe what the market is, the spread and whether there are plenty of trades going through. Tight spread should get a better price along with not buying in tiny amounts.
First time it’s crept over 1.3 in a while. 
Edit - didn’t last long 
It’s the trend that counts, and though it’s early days it looks like interest in this stock might be returning. A bit of news is what we need now to give it a nudge.