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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kanabo Group Plc | KNB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.45 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.45 | 1.45 | 1.45 | 1.45 | 1.45 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 17/7/2023 08:10 by oakridge Comment from the HELD thread on this RNS by KNB this morning:Oakridge17 Jul '23 - 07:49 - 1049 of 1049 Edit 0 1 0 An interesting RNS at KNB this morning that is worth comparing and contrasting with HELD. Their partly owned (40%) subsidiary, Agritec, has a contract to develop a cannabis production site in Spain. They are a predicted 24 months away (yes - approx two years away) from being able to produce 3000kg annually...of which they will only have a partial share.....and that's if all goes to plan. I suspect a soft response by the mkt. Their CEO is very upbeat about this however and believes it will deliver significant revenues and shareholder value. Whilst it is good news for their own supply chain, the above figure and time lines help bring some sweeping perspective as to just how large HELD *could* become and where we are in respect of timing... HELD's license is good for 55,000kg annually and a site that can be incrementally scaled to match the size of that license. The bunkers (already built) that HELD intends using first are good for 1000kg, with further expansion across the site via POD agreements, the first of which should be via Demecan.... We were recently told that we were on schedule for the first cropping this quarter and we were also told further PODS were in the pipeline..... KNB's apparent enthusiasm for their partly owned 3000kg in approx 24 months brings some useful contrast to where HELD apparently are, I feel. A lot can happen in two years, but its reassuring to think KNB are taking that route with a 24 month window, growing to that fairly limited scale and in a country that will likely have higher costs than Greece. A few checkpoints still to be cleared at HELD of course as well as the clean execution and sale of our first crop......but should that happen and we get to see POD agreements arriving and being implemented, I should think it will inspire the market somewhat. We'll see. AIMO ADYOR etc. |
Posted at 03/5/2023 15:02 by oakridge I was thinking the same currypasty.I was actually surprised not to see a retraction on those results. The increased revenue however is significant - not only for KNB (as they finally have secured a route to mkt for the higher value THC products) but for the cannabis space more generally. Their widened loss may be an issue for holders, but from the outside looking in, on the whole, these figures represent encouraging 'green shoots' to those with an interest in the SPACE. AIMO ADYOR. |
Posted at 12/4/2023 14:34 by the crypt hey its windy out there - knb directors must be blowing off |
Posted at 08/3/2023 08:45 by oakridge Oakridge8 Mar '23 - 08:41 - 1718 of 1719 Edit0 0 0 Just thought I'd share a post I've made on the HELD thread, as it may be of interest to KNB'ers. (KNB have a strategic investment in cultivators HELD, who should be harvesting their maiden crop in a few months time under their massive cultivation license in Greece). It is likely KNB and HELD will be doing business together in the future, although HELD's initial target market is Germany, where it has already signed two term sheets. HELD are new to the mkt and currently trade at a barely visible 0.095p (c.£10M mkt cap) and I continue to predict significant upside SHOULD they prove they are operationally competent. First sales anticipated this quarter. AIMO ADYOR etc Oakridge8 Mar '23 - 08:35 - 459 of 459 Edit 0 0 0 Correct ash. Should be cropping towards the the end of Q2 all being well. There will be updates at HELD before then however. An absolute plethora of articles and commentary now appearing on medicinal cannabis, just as I predicted for 2023. New releases and debates on a daily basis...radio, tv, print, media. Accelerated and bolstered in part thanks to Prince Harry's recent talk of the role of THC and psychedelics in his therapy. Whether you like him or not is irrelevant here of course....what matters is the elevated platform this sector now has and the amount of media focus and discussion around it. Patient access in the UK will be expanded, in time, imo. We may drag our feet more than other countries...and I'm sure there will be regulatory twists and turns, but the level of prescriptions and usage is now heading in one direction imo. I expect there to be friction within our current conservative administration, but as there already appears to be supply constraints for the limited channels that DO exist, which of course is good for HELD. Last night there was a very worthwhile phone-in / debate on LBC after midnight. It should be available to listen again. It included doctors, psychologists and interestingly the head of CLEAR (of Cannabis Law Reform). Even the professional commentator who held conservative and cautious perspective towards the prescription of THC conceded that she wouldn't rule out prescribing it in the future and made passing reference to the growing body of evidence in pain control. Also discussion around the need for clinical trials to gather more data and the complications around this; 'traditional' big pharma drugs often contain only one active molecule, which makes them relatively 'easy' to assess and control in a clinical trial where as cannabis therapeutics can contain several hundred active molecules. That said, the contributors pointed to the growing body of evidence for the likes of pain control and said this bodes well for those who were supportive of increased patient access. |
Posted at 17/2/2023 08:59 by oakridge chica1. Which elements or components are missing, specifically, over KNB, for you to judge that HELD don't have a business model? Of course they have a business model.You were posting only the other day that HELD had no cash (which they do...and probably more so than KNB given that you have clearly failed to grasp KNB's capital requirements), that they 1) didn't have 'a product' (!), or any way to market/promote, or indeed any funds to distribute.....both of which I had to advise you on, namely that HELD are not distributors and don't need to be. Have you actually read the company prospectus? I'm not sure you're even aware of what HELD will be doing and where they sit within the space. I will leave it there I think. Atb. |
Posted at 15/2/2023 23:26 by oakridge IMO, HELD most probably have superior cash reserves to KNB at this point in time.....plus HELD's cash burn rate will, in all likelihood, be somewhat lower than KNB's, both now and as HELD moves through the initial phase 1 cycle this year.I suggest you look carefully at KNB's interims: at where the money is going, in what kind of quantities and so on. It's not a criticism. I am just pointing to the demands of their business model and just what they are trying to do. HELD have stated on more than one occasion that the cash from their listing is more than sufficient to get to sales - scheduled as soon as late Q2. It is intended that expansion into Phase 1b and into Phase 2 will be done in line with mkt demand and funded by sales. As for marketing and distribution, firstly I'm not sure they need to market (much). And they are selling TO distributors (ie they are not distributors themselves). I think you have a fundamental misunderstanding of the business models of both companies and what each are and, are not, trying to do. Your earlier post trumpeting KNB's business model over HELD's apparent lack of one at all, confirms it. And once again, I see no reason to pit one company against the other as you are apparently so keen to do. They are trying to enter the market doing different things, albeit with some overlap in places, as I've previously pointed out. The business models are different. I am not saying one is better than the other but KNB's is certainly more complex to establish as they are aiming for vertical integration and ultimately, control over full supply chain, right down to CE certification and methods and points of delivery, not to mention prescription and opening up patient access. This is not something that can be done overnight and is potentially infinitely more capital intensive than HELD's phased approach of doing one thing well, over and over. Without good and ready suppliers of raw material, there is no industry. There is no primary care, no secondary care, no consultancy firms, no distributors, no vape R&D, no patents, no need for a CE and so on. Further out I'm sure HELD will want to become involved in genetic banking and contributing in some capacity to clinical trials, but they can be up and running and generating cash well before then.....just as the market currently demands. Demand for raw material is currently outstripping supply and that demand is rising sharply. HELD look like they are in with half a chance of contributing meaningfully to that supply and, on info available, being competitive to boot. Sure enough there are risks to both companies - some of which I'be mentioned in the past. But to pour scorn over one company - particularly for the REASONS you have - and to pit it against the other seems not only pointless but perhaps belies a fundamental misunderstanding of what each respective company is aiming to achieve. Who knows, KNB might end up being infinitely more successful - I'm open to that scenario - my bets are spread broadly - but it wont, imo, be for your reasoning. AIMO ADYOR NAI etc. |
Posted at 14/2/2023 17:56 by oakridge Currypasty, thank you for that.FWIW I agree with Tom on this point and posted fairly recently about KNB's cash burn and capital demands at this point in their evolution and made a comparison / contrast to HELD's relatively strong cash position and their respective time frames to meaningful cash generation. HELD's expenses *should* be relatively few at this stage, and what expenses they do have for the final fit-out of their facilities in Greece should be more than covered by their existing resources: they are funded through to at least first sales and, as the company has stated, they already have term sheets in place good for around a years growth / supply. They are also already in advanced discussions with other European distributors. KNB, if successful, should be Pan-European. HELD has the same ambition. The difference is, HELD's first revenues will come from the much more ready (and mature) market of Germany.....where as KNB are seeking traction, initially, in the UK. I don't begrudge KNB's need for capital and it's more of an observation, less a criticism. They are a small company, trying to do a lot. HELD are also a small company, but their business model is more focussed. As stated, I sliced KNB on the recent climb and effectively have a free carry.....adding to HELD in the meantime when I'm in the mood and whilst the price is just so suppressed. KNB are owed a decent sum of money, but no saying if or when that will come in and the H1 figures reveal a more than likely need for more money, sooner rather than later. Their 100% gain in primary care sales is welcome but of course it is coming off an extremely low base. And as you say, no mention of quantities, margins etc They are both interesting companies. Despite the weak start I do think HELD has significant potential over the next 18 - 24 months. We will know more in Q2 when they should start releasing initial sales figures as well as the scope of further supply contracts in mainland Europe. NAI ADYOR ETC |
Posted at 30/1/2023 10:16 by oakridge For those looking in (and there will be many), see my posts on KNB from last week ahead of the rise. Also consider putting Hellenic Dynamics (HELD) on to your watch lists.HELD are in the same space, of which I'm bullish for 2023. (Persistent seller at HELD at the moment - a good thing if you want to build a position). First revenues there anticipated in late Q2. A spectacular burst from KNB - well done to those who were buying in with me last week. My profits are now locked in. NAI and ADYOR etc. |
Posted at 26/1/2023 08:31 by oakridge I should have added...we are looking at HELD on an 18 - 24 month view and as for KNB we will be interested to assess how they have faired come the end of 2023 and if they manage to achieve any breakthrough sales via the recent products they announced.Their new routes to market for those same products are of course largely untested...and the current share price here tells you as much. But what is interesting perhaps is the fact that they are on the verge of addressing the medicinal side of the domestic market - which is currently underserved - and where T/O and margins should be infinitely more attractive than the CBD / Lifestyle wing of the company (which is of little interest to us). News on first sales of those products undertaken with LYPHE via Dispensary Green should hopefully shift perception and mkt sentiment of KNB, in a domestic setting which is slightly lagging behind the overall curve seen in Europe. The second route to market (via The GP Sevice) is similarly untested, but any penetration here will prove to the market that they have successfully implemented a sales channel that can be rolled out and further expanded. There are around 17,000 patients receiving medicinal THC in the UK and the findings in the reports (due March) may have implications in regards to the NHS' involvement and indeed the broader acceptance and adoption of practitioners in the private sector. All in all it is shaping up to be a pivotal year for the space. The CEO has stated that one of the biggest challenges is obtaining sufficient and consistent quantities of clinical grade material. From that perspective their investment in HELD is interesting. AIMO etc. |
Posted at 26/1/2023 07:50 by oakridge A good rise off the recent lows here yesterday and supported by the third largest upswing in volume since early 2021.We have watched KNB from the sidelines for well over a year and since around the time of their strategic investment into Hellenic Dynamics (HELD), which came to market in early December '22 via an RTO and only after a protracted period of regulatory approval. As peeps here should all know, HELD are cultivators with facilities in located in Greece who are targeting the European market, including the UK, with term sheets already signed for supply into Germany. Initial sales are anticipated in Q2 of this year. We already hold some shares in HELD but are trying to build a meaningful position there during the current phase of weakness in the share price. This has been aided by a seller in the market together with the likely leave of 'legacy holders' (ie those who were invested in an unrelated company prior to the suspension and RTO), and who are perhaps not aligned with the resulting company and its future. We have also, finally, become recent and modest buyers of KNB. Aside from KNB's material interest in HELD, the two companies have both some differentiation and overlap. KNB listed into a period of great enthusiasm in respect of the THC space whilst HELD, due to regulatory hurdles and delays surrounding its pioneering status as first cultivator with a main listing, was much later in its arrival. This delay has been a mixed blessing. Whilst the space cooled considerably in 2022, the future and underlying demand for medicinal cannabis, at this stage at least, appears to have only strengthened. Many other THC stocks reveal a similar woeful 2022 to that of KNB, trading at a mere fraction of where they were when medicinal cannabis was very much the darling of the moment. The space is still early stage and, in my view, underserved in that it is still very much evolving and defining itself (both on the regulatory front and in terms of adoption and acceptance). There are now 25 countries in the EU who allow THC dominant medical prescriptions and that number has grown only very recently and continues to grow. In the UK specifically (which sees one of the worst opioid addiction/dependence issues Europe) the market for THC grew by 425% in 2021 alone. The predicted growth rates for Germany over the next five years - a comparatively mature, but still very early stage market - are also impressive. The space is certainly not without its challenges and obstacles, but whilst many cannabis stocks have had an extremely poor 2022, the actual space itself would seem undiminished. Therefore I think as things open up, and by that I mean through greater adoption and the potential for supportive clinical findings (we are due some in the UK specifically in March) we may begin to see some disconnect emerge between market traction and company valuations and potential. I will continue to monitor both companies and it will be interesting to see if 2023 is the year which sees a welcome return of favour to this sector as a whole. I think there's a reasonable chance that's on the cards. AIMO only and NAI. ADYOR etc. |
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