AC8 - AusCann Group Holdings

[JuniorR]

Anyone else taking an interest in researching into Auscann?

In January this year AusCann signed a wholesale deal with Australian Pharmaceutical Industries to distribute its medicine in Australia.

The deal opened AusCann up to API's nationwide pharmacy network Priceline.

 

[So_Cynical]

In January this year AusCann signed a wholesale deal with Australian Pharmaceutical Industries to distribute its medicine in Australia.

What products? Whats the margin? whats the projected revenue?

AC8 has maybe 11 million in cash with a burn rate of around a million a month, pretty much zero revenue and a market cap of 400 million....fantastic opportunity.

 

[MrBurns]

I don't expect to ever get a dividend out of it but long term capital gain.
It's a gamble pure and simple based on my belief that MC has a future.

 

[greggles]

Some relief today for AusCann Group Holdings following their announcement that the company has completed a successful pilot study of its final dose form for its cannabinoid medicines. It also stated that production of the company's first cannabinoid pharmaceuticals are scheduled for 2019.

It's been a tough three and a half months for AC8 as its share price has fallen from $1.80 to a low of 80c. However, today it has bounced back and is currently trading at 95c, up 16.56%. Time will tell if today's price action is the beginning of a more sustained recovery or merely another false start.

 

[barney]

Hit a high of $1.165 this morning and currently holding $1.07 ….. Volume good.

 

[greggles]

Hit a high of $1.165 this morning and currently holding $1.07 ….. Volume good.

AusCann Group ended up falling to a low of 46c but looks to be recovering in the last two weeks, climbing back to a high of 69c today. The chart is showing an unmistakable uptrend starting the week before Christmas. There doesn't appear to be any news serving as a catalyst for the current bullish price action, so perhaps there is something brewing?

Also, the volume is average at best, so it might just be a case of AC8 being oversold and a lack of supply at current and lower levels.

 

[Ann]

AusCann Group appoints Teva Pharmaceutical executive as new CEO

AusCann Group Holdings Ltd (ASX:AC8) has appointed global pharmaceutical business executive Ido Kanyon, as its CEO commencing 22 May 2019.


Kanyon brings more than 15 years’ senior executive experience in the pharmaceutical industry most recently at multi-billion dollar Teva Pharmaceutical Industries Ltd (NYSE:TEVA). More...

 

[Ann]

....and a chart.

There are big volumes going into this recently up to 0.60. Looking at all my current indicators NVI, PVI, money flow, MACD they all look really bad with no support yet. Perhaps this will all change with the new CEO. This is a really old recycled company which first appears on my charts in 1992. I have no idea why they wouldn't float a new company as a long term view only makes it look like a pump and dump. My first reaction is I wouldn't touch this one with a pair of tongs.

Currently the price is sitting under the 21DSMA and the 200 DSMA. There is also an overhead resistance line coming down as well.
I think the new CEO has his work cut out for him.

and this is what the chart looks like on the full view. I guess it has done multiple share consolidations in its lifetime by the distortion of the way back price. I would be very careful of this stock folks.

 

[Smurf1976]

This is a really old recycled company which first appears on my charts in 1992.

I've found price data going back to 1987 when it hit $2.17 just before the market crash and that remains its all time high to this day.

So it's old yes and like you I won't be going anywhere near it.

That said, those who bought in at the lows of 0.002 would have done quite nicely out of it so long as they sold.

 

[tech/a]

Wondered why no interest here
Had some for a little while.
Will post a chart when I can
Chart wise it has some nice appeal.

 

[peter2]

Yes, I also noticed the bullish nature of the daily price action as it appeared in one of my weekly scans. BUT that weekly down trend is dominant. It's going to take a lot more to change that trend. I couldn't include this in the weekly portfolio, but a nimble short term trader might trade it.

 

[Boggo]

On a short list

Wondered why no interest here...

On a potential list here tech/a, just watching and waiting to see the depth support that is around 41c move up to 43c.

(click to expand)

 

[tech/a]

Roger Roger

 

[barney]

Wondered why no interest here
Had some for a little while.
Will post a chart when I can
Chart wise it has some nice appeal.

My ramblings for what its worth Tech ….

Definitely some positives with the initial turn off the lows on good Volume, however ...

I also like to throw in a bit of FA for consideration ….

MC of around $350 million with $40 million in the bank … that's solid enough …..

They have some interesting Pot-projects in the pipeline (pun included for free) … but they are still a while off …

Without more current FA catalyst, I'd prefer to see a secondary TA move up from the lows with Volume before I got involved … but then I'd be looking to accumulate on retracements, and only if the FA had sufficient merit ..... different kettle of mackerel to trading it as a breakout of course

 

[So_Cynical]

As far as Global POT goes Aust is a backwater and will be for years to come, Nth America on the other hand is going gang busters with Massachusetts being the latest state to legalise, Nevada has recently opened the largest dispensary in the world.

https://www.planet13lasvegas.com/?sid=377452

69 dispensary's in just the state of Nevada - New Zealand will beat us to southern market leadership.

 

[Smurf1976]

I've found price data going back to 1987 when it hit $2.17 just before the market crash and that remains its all time high to this day.

Whilst I have a general dislike of recycled companies that spring back into life in a completely different industry, I must say this one does look a bit positive at the moment.

Do not hold but watching.

 

[frugal.rock]

It's all a changing...
EU & Aus down sceheduling CBD products as per EXR and CPH announcements.
AC8 on the move, one to watch, or maybe not watch... great timing with GDP figures also getting up.

 

[barney]

as per EXR and CPH announcements.

Great calling on the current Pot-Stock revolution Rock

I was too slow and missed all the action but hopefully you put a few bucks aside for next years around the World trip ...

Or the new Porsche, lol

ps I assume you mean EXL not EXR above?

 

[frugal.rock]

ps I assume you mean EXL not EXR above?

Cheers B.
Yes, EXL.
EXL correct.