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CGB - Cann Global

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Has been showing some steady interest of late.
Top mover in my cannabis watchlist again today (25 stocks in list) Held, tightly.

The over the counter CBD products are set to start July 1st in Australia, however there's waves around the world with the EU loosening restrictions and Asian countries following suit.

Personally, I am looking forward to it in Australia as Doctor's are very reluctant to prescribe pain killers that were previously available over the counter due to Federal Government pressure not to.
Have found it dulls pain and gives natural anti inflammatory , great for a stuffed back.

There is a multitude of other conditions that CBD can provide relief for, notably without any "high", that may otherwise be historically associated with cannabis.

 
Cann Global Ltd (ASX: CGB,
Announcement this morning.

Company) requests that an immediate trading halt be placed on its securities pending the release of an announcement regarding a material regulatory milestone.

The Company requests that the trading halt be lifted on the earlier of the commencement of normal trading on Tuesday 30 March 2021 or when the anticipated announcement is released to the market.
 
Someone stumped up $100,000 to buy CGB at 0.007 not long after the Open.

$33 Mill Market Cap with around $10 mill in the bank

It looks due to move

Then again, its looked that way for a while
 
barney said:
Someone stumped up $100,000 to buy CGB at 0.007 not long after the Open.

$33 Mill Market Cap with around $10 mill in the bank

It looks due to move

Then again, its looked that way for a while
Click to expand...

CGB has quite a chequered history. I recall back in June 2018 when they had their "COMPANY TRANSFORMATION ANNOUNCEMENT" - I love company announcement titles in all capitals - they were going to do amazing things... but the wheels started to fall off not long after.

Still, you can't argue with $10 million in the bank, although it has to be put to good use. As the ladies say, "It's not what you have but what you do with it that counts!".
 
greggles said:
CGB has quite a chequered history. I recall back in June 2018 when they had their "COMPANY TRANSFORMATION ANNOUNCEMENT" - I love company
Click to expand...

True Greg.

"Pot" stocks in general seem to talk it up, but the actual delivery is a bit hit and miss.

Anyway, I bought another 500K at .007 today off the back of what looks accumulation.

Interestingly enough, I also thought it was being accumulated at .010 a while back

If that turns out to be correct however,

And the heavy hitters are still happy to push it down and accumulate as low as they can get it (possible)

It could be the mother of all bounces when it does finally jump

We shall see in due course of course
 
Like most Potters, CGB is still in a downtrend and the Chart is technically pretty ordinary.

So far I've read this one totally wrong it seems, but the big Buys at random times have kept me in the trade.

Currently holding 1.5 mill in Stock so it's not breaking the bank, but some positive movement would be nice

I see a handful of US Potters are showing a little green. The optimist in me says AUS Potters are overdue

There should be some news shortly on the "Canntab" (US CTABF) pills

From recent Quarterly:

Cann Global expects to be in a position to launch its medicinal cannabis tablets in Australia this quarter. These tablets have been developed in joint venture with its partner Canadian listed Canntab Therapeutics Limited (Canntab).


Sadly for those involved, and almost ironically, Jeffrey Ward Renwick, the Company's Co-Founder, Director and President passed away after a 15 month battle with cancer at just 54 years old.


.005 really should be the LOWS on this ... wishful thinking perhaps given I've read it wrong so far.

Will re-assess end of June if nothing changes

 
Hope you managed to get out @barney, CGB has hit $0.005c today and the market depth looks terrible. It does have $11 million in the bank, but it lost more than a million dollars last quarter on revenue of $273,000.

It's going to be hard to turn this ship around.
 
greggles said:
It's going to be hard to turn this ship around.
Click to expand...

Indeed @greggles

They are very good at the spiel, but no so good with the rudder, lol Not one of my better decisions so far.

Canntab pills originally be out in April this year (dong!) Now, potentially this Quarter sometime

I'm calling their "Boat" ... "Gunner" They are gunner need a bigger ocean to float this thing!

 

I wish you luck but it's not looking good. At this stage of the game it might be worth holding out for some good news and a share price spike to make your exit. CGB is at a low ebb and it's possible there might be better days ahead...
 
greggles said:
I wish you luck but it's not looking good. At this stage of the game it might be worth holding out for some good news and a share price spike to make your exit. CGB is at a low ebb and it's possible there might be better days ahead...
Click to expand...

Yeah I thought similar. Potters in general have been belted last few months.

If they didn't have the cash in the bank I would have been out a while back

US Potters have been doing a bit better and a couple of Aussie's look to be forming lows so maybe there is life (EOF up 11% today)

End of June should give a better idea whether the life-boats need to be deployed or not
 
On Friday, 1 March 2024 Cann Global Limited (CGB) was removed from the ASX's Official List in accordance with Listing Rule 17.12.

The removal was undertaken in accordance with the policy set out in section 3.4 of ASX Listing Rules Guidance Note 33 Removal of Entities from the ASX Official List. The following entities have failed to lodge the relevant periodic report in Listing Rule 17.5 for a continuous period of 1 year after the deadline for lodgement of that document.
 
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