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I assume that means you are on for the ride Rock ............ Another good call, and well done
CGB - Cann Global
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I assume that means you are on for the ride Rock ............ Another good call, and well done
tech/a
No Ordinary Duck
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Dont know if youve noticed but Ive seen it on CPH as well
There is a bid at 2 levels exactly the same in the millions
Once it goes it re appears about 7-10 ticks above in the sell.
As its being sold it re appears on the buy side.
Someone made a motza on CPH and looks like this one is also on their
radar. Ill get some as well FR.
There is a bid at 2 levels exactly the same in the millions
Once it goes it re appears about 7-10 ticks above in the sell.
As its being sold it re appears on the buy side.
Someone made a motza on CPH and looks like this one is also on their
radar. Ill get some as well FR.
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I was all out, but all my indicators (bar one which is a bit slow) are telling me it's pivoting up again, or about to.
So have re-entered.
Fingers crossed, can do with a monster win to pull P/L back to where it should be...
Edit, other indicator has confirmed, finally.
I may be wrong, I may be crazy.
So have re-entered.
Fingers crossed, can do with a monster win to pull P/L back to where it should be...
Edit, other indicator has confirmed, finally.
I may be wrong, I may be crazy.
tech/a
No Ordinary Duck
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Not the ideal start to this trade.
Technically
The gap this morning has been filled
I notice the 15 min opening bar spiked on massive volume
the pullback is on very low volume finishing net demand.
buyers seem to be holding
while the ladder shows strong supply going forward
typical pump and dump.
don’t under estimate momentum
currently I’m not seeing momentum in this stock
some interest yes.
Technically
The gap this morning has been filled
I notice the 15 min opening bar spiked on massive volume
the pullback is on very low volume finishing net demand.
buyers seem to be holding
while the ladder shows strong supply going forward
typical pump and dump.
don’t under estimate momentum
currently I’m not seeing momentum in this stock
some interest yes.
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I noticed most of the market fizzled off around the same time.
Was doing the rounds and came back to this one turning to crap.
Too late to exit and yes, in hindsight, the momentum wasn't enough to break through 0.016
Original entry 0.007 and again on 0.012 ,
partial exit on 0.017, majority exit on 0.016.
Re-entered on 0.155 and again on 0.014, looking for interest to come back over the next few trade days.
Would be nice if it runs as much as CPH in percentage terms...
Thanks for the info @tech/a
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Not sure of the placement price, but happy to see institutional investment at this stage.
Check asx for full announcement this morning.
On 9 December 2020 Cann Global (ASX:CGB, the Company) announced that the Company had raised $3.75M before costs in a placement to sophisticated and professional investors (Placement).
The Company stated in that announcement that it intends to use a large portion of those funds to immediately clear all the Company’s liabilities, including to large convertible note holders.
CGB is pleased to announce, that the Company’s convertible note holders (L1 Capital and Obsidian) have notified the Company, that instead of being repaid the funds owing to them by the Company, that as per the terms of their notes, they wish to instead convert their outstanding
notes at the Placement price into equity.
Check asx for full announcement this morning.
On 9 December 2020 Cann Global (ASX:CGB, the Company) announced that the Company had raised $3.75M before costs in a placement to sophisticated and professional investors (Placement).
The Company stated in that announcement that it intends to use a large portion of those funds to immediately clear all the Company’s liabilities, including to large convertible note holders.
CGB is pleased to announce, that the Company’s convertible note holders (L1 Capital and Obsidian) have notified the Company, that instead of being repaid the funds owing to them by the Company, that as per the terms of their notes, they wish to instead convert their outstanding
notes at the Placement price into equity.
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Nice vote of confidence!! Onwards and upwards from here perhaps.
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Market didnt seem to see it that way for some reason .... Nothing surprises anymore 
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Not so far this morning.
The tree is getting a proper shake to see what falls out.
Perhaps this afternoon?
Too early to tell.
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Maybe a big dilution of shares
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I think I put the mocker on it for you Rock .... sorry about that I went out in sympathy by chasing EM1 into the 11's yesterday (I never chase normally), and got my medicine today as well
I went out in sympathy by chasing EM1 into the 11's yesterday (I never chase normally), and got my medicine today as well
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Market Sensitive Announcement
ASX 16/11/2020
CGB WELCOMES TGA FINAL DECISION ON CBD PRODUCTS
Cann Global Limited (ASX:CGB) (Cann Global or the Company) is pleased to announce that the Therapeutic Goods Administration (TGA) has released its final decision yesterday on proposed amendments to the Poisons Standard.
The TGA has confirmed that it will down schedule cannabidiol (CBD) preparations from Schedule 4 (Prescription medicine) to Schedule 3 (Pharmacist Only Medicine).
In the final decision, the TGA has also increased the maximum daily dosage to 150 mg/day, up from 60 mg/day as proposed in the interim decision.
As noted in the statement from the TGA: “The decision will allow low-dose CBD containing products, up to a maximum of 150 mg/day, for use in adults that have been approved by the TGA, to be supplied over-the-counter by a pharmacist, without a prescription.
The decision limits over-the-counter supply to only those products that are approved by the TGA and included on the Australian Register of Therapeutic Goods (ARTG).
The decision also outlines additional limits on dosage form and packaging requirements, including
pack size and child resistant closures.”
This decision from the TGA to down schedule CBD products follows the recent landmark decision made on 2 December by the United Nations Commission on Narcotic Drugs (CND) to reclassify cannabis as a Schedule I substance, the least restrictive drug classification.
Cann Global welcomes the TGA’s decision.
Through its joint venture with Canntab Therapeutics (Canntab), CGB has an import permit for two Canntab CBD hard pill products for which this change is expected to apply.
Cann Global is working with
a regulatory consultant to prepare its application to register both products on the ARTG in the coming months.
There are currently no TGA approved products on the
ARTG that meet the Schedule 3 criteria.
Canntab is an industry leader in solid oral dose formulations of cannabis in exacting doses.
The hard pill cannabinoid formulations provide doctors and patients with a discreet, uniform dosage, medical grade solution.
Whilst the joint venture has secured an import permit to Australia, Canntab are in the process of securing their Canadian export licence which is expected to be received imminently.
Canntab CBD pills are
expected to be available in Australia during the first quarter of 2021.
ASX 16/11/2020
CGB WELCOMES TGA FINAL DECISION ON CBD PRODUCTS
Cann Global Limited (ASX:CGB) (Cann Global or the Company) is pleased to announce that the Therapeutic Goods Administration (TGA) has released its final decision yesterday on proposed amendments to the Poisons Standard.
The TGA has confirmed that it will down schedule cannabidiol (CBD) preparations from Schedule 4 (Prescription medicine) to Schedule 3 (Pharmacist Only Medicine).
In the final decision, the TGA has also increased the maximum daily dosage to 150 mg/day, up from 60 mg/day as proposed in the interim decision.
As noted in the statement from the TGA: “The decision will allow low-dose CBD containing products, up to a maximum of 150 mg/day, for use in adults that have been approved by the TGA, to be supplied over-the-counter by a pharmacist, without a prescription.
The decision limits over-the-counter supply to only those products that are approved by the TGA and included on the Australian Register of Therapeutic Goods (ARTG).
The decision also outlines additional limits on dosage form and packaging requirements, including
pack size and child resistant closures.”
This decision from the TGA to down schedule CBD products follows the recent landmark decision made on 2 December by the United Nations Commission on Narcotic Drugs (CND) to reclassify cannabis as a Schedule I substance, the least restrictive drug classification.
Cann Global welcomes the TGA’s decision.
Through its joint venture with Canntab Therapeutics (Canntab), CGB has an import permit for two Canntab CBD hard pill products for which this change is expected to apply.
Cann Global is working with
a regulatory consultant to prepare its application to register both products on the ARTG in the coming months.
There are currently no TGA approved products on the
ARTG that meet the Schedule 3 criteria.
Canntab is an industry leader in solid oral dose formulations of cannabis in exacting doses.
The hard pill cannabinoid formulations provide doctors and patients with a discreet, uniform dosage, medical grade solution.
Whilst the joint venture has secured an import permit to Australia, Canntab are in the process of securing their Canadian export licence which is expected to be received imminently.
Canntab CBD pills are
expected to be available in Australia during the first quarter of 2021.
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Hey Rock. @frugal.rock
Are you still watching this little fella? I placed an order near the close last Friday at 008 when there were still a bucket load of 009 's on the market depth.
Next thing you know the 008 's looked very unlikely so I put another order in the queue at 009 for a few less Shares. That got filled today and the 009 level has packed up a lot.
It looks like its not far from moving again to my eyes. Pot Stocks should be back on the radar this year
If it breaks the 010 level it could gain some real momentum.
Are you still watching this little fella? I placed an order near the close last Friday at 008 when there were still a bucket load of 009 's on the market depth.
Next thing you know the 008 's looked very unlikely so I put another order in the queue at 009 for a few less Shares. That got filled today and the 009 level has packed up a lot.
It looks like its not far from moving again to my eyes. Pot Stocks should be back on the radar this year
If it breaks the 010 level it could gain some real momentum.
tech/a
No Ordinary Duck
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Got a few
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Got a few, plus a few more, in right proper abundance !
tech/a
No Ordinary Duck
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Yes might add myself
but not without some proof of
“ SustainEd “ Momentum
but not without some proof of
“ SustainEd “ Momentum
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A + $400,000 Line wipe of the 010 's a few minutes ago. Definitely some movement at the station.?
tech/a
No Ordinary Duck
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Not as confident but have a Buy Stop order in incase it flies.
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I'm guessing whoever took the large bite earlier today is the same Buyer/s who still have +10 million Buy order at the top of the queue so probably be in no hurry to push the next level just yet.
Positive accumulation though
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Dropped as low as 008 earlier today. Obviously the "Trader boys" were trying to fox everyone, as they do.
Pushed up to 011 this arv on good Volume. Nice when a plan comes together
Pushed up to 011 this arv on good Volume. Nice when a plan comes together
