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THC Topnotch

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Share Name Share Symbol Market Stock Type
Topnotch THC London Ordinary Share
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Topnotch THC Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

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Posted at 06/12/2006 22:32 by tonystringy
The Times December 06, 2006


Cannabis chocolate 'made to ease MS'
Russell Jenkins

'22,000 bars were sent to sufferers'

'Pots, pans and plants at home'




Multiple sclerosis sufferers around the world swore by the chocolate bars made at Mark and Lezley Gibson's gift shop in the Lake District.
The couple sent out about 22,000 of their bars and made no secret on their website of the special ingredient that made them so popular.



But that ingredient was to lead Mr and Mrs Gibson into the dock at Carlisle Crown Court yesterday, where both are accused of conspiring to supply cannabis.

Along with a family friend, Marcus Davies, 36, they set up the campaign group Therapeutic Help from Cannabis for Multiple Sclerosis and on their website, www.thc4ms.org, offered their "Canna-Biz" chocolate bars, the court was told.

Mrs Gibson, who suffers from MS, her 42-year-old husband and Mr Davies made no secret of their campaign to legalise cannabis for therapeutic pain relief.

They made no charge but there was a request that each "buyer" establish that they were an MS sufferer and that they make a donation to meet production costs.

Over a period throughout 2004 and up to February last year about 22,000 of the 150g (5oz) bars were despatched, each one of them laced with 3.5g of cannabis. A mailing list with 460 addresses was later found by police.

Mr Gibson and his wife, from Alston, Cumbria, along with Mr Davies, from St Ives, Cambridgeshire, who is said to have operated a post office box address for the cottage industry, deny the conspiracy charges against them.

Jeremy Grout-Smith, for the prosecution, told the jury that while the trio might be well intentioned, they had no defence against the charges which carry a maximum sentence of 14 years' imprisonment.

"To supply cannabis, even if you believe it is doing some good, is not a defence," he said.

The court was told that police became involved in January when the duty manager at the Royal Mail sorting office in Carlisle contacted them about a package which had spilled open during sorting. Officers seized 33 Jiffy bags containing the Canna-Biz product. Each of the packets carried a PO box address in Huntingdon, Cambridgeshire, as the return address. The wrappers also carried the website address which was later found to be run by the three defendants.

Mr Grout-Smith said that they were not conventional drug dealers but believed their actions would help to alleviate the pain of a debilitating illness. MS is a progressive disease which attacks the central nervous system.

Officers raided the Gibsons' home in February, discovering cannabis chocolate bars, labels, packages and a mailing list.

Mr Grout-Smith said: "They also found some machinery for the manufacture of the bars, pots, pans, and a grinder, all to be used in what was really a cottage industry to make chocolate bars impregnated with cannabis.

"When analysed they were found to contain 3.5g of cannabis each, ground up and distributed throughout the 150g bar."

Several months later officers pursued their investigations to Mr Davies's home where they found cannabis plants in two sheds. The householder insisted the cannabis was for his own use.

Details were found of three bank accounts, registered in the name of Mr Davies's girlfriend, in which about £40,000 had been deposited during a two-year period.

At least two of the accounts were thought to be used for money related to the cannabis chocolate enterprise.

"So this seems to be distribution on quite a large scale and, to some extent at least, the defendants may have benefited financially, although the Crown does not claim this was their main motivation."

During a police interview, Mr Gibson admitted sending 22,000 bars to addresses around the world. But first they had sought proof that the recipients were MS sufferers.

The jury was told that Mrs Gibson suffers from MS.

A juror who made it known to the judge that she had a relative in the family with MS was told this was no bar to deciding guilt or innocence in the case.

The trial, expected to last seven days, continues.

The facts, man

Cannabis is derived from Cannabis sativa or Cannabis indica, a plant related to nettles and hops that is thought to have originated in India

The first written account of cannabis use can be found in Chinese records dating from 2800BC.

Herbal (grass, weed, skunk) is the dried flower buds of the plant; resin (hash, soapbar, black) is the buds formed into a block and then heated and crumbled before use; oil is by far the strongest form and made by dissolving, filtering and evaporating the resin

The main psychoactive ingredient in cannabis is delta-9-tetrahydrocannabinol, or THC
Source: Times database
Posted at 14/10/2003 13:35 by sore loser
From "Market Miscellany" section of the Sunday Telegraph (Business) November 2000:

"Having been as high as 201.5p earlier this year, shares in THC, the AIM-quoted leisure business, have crashed to a low of 82.5p. The company issued a statement on Friday noting the downward movement in the share price. It insists the fall has nothing to do with the trading outlook for the company but instead has been caused by an instiution selling shares acquired when it merged with another fund management group. Topnotch, a newcomer to the quoted leisure market, is trading in line with expectations. The company recently bought 5 clubs from rival Cannons for £1.7m. Half-year results due out in January are not expected to dissapoint having reported a £130,000 loss in its maiden results. The company is undervalued. BUY."

Funny old world......
Posted at 04/11/2002 15:16 by gladysfriday
Cheers, waiting for the rep. + accts. to arrive.

Trawl thro. RNS didn,t reveal much so took the liberty of asking yrself.

Just curious, were you following THC prior to the dive, or was it rapid reaction to the news?

In theory (and loosely) then only about 35% in free float.

Online size, via comdirect = 5K buy, 35K sell.

rgds.
Posted at 31/10/2002 00:57 by double6
Logy, further to our succes with THC - have a look at IVS (similar fall - similar situation) - could end up being a cracking double.
Posted at 30/10/2002 13:15 by sreddy
double6,

Be careful with IVS. It is not the same situation as THC at all. Its market cap now equals its NTA. THC's market cap is only 17% of its NTA! THC are having positive discussions with its bankers. There is still risk, but at least the right noises are being made and not countered. THC's accounts are out and trading at the operating level is not too bad, even if loss-making. The accounts describe areas where trading can and is being improved. Also THC has alredy written down its assets in these accounts and still have NTA of 45p per share. IVS says it has NO other sources of funding, which means the banks can't be interested. IVS needs the support of Klippan. They may take the view to write-off their investment in IVS and pick up the assets cheap. I'm not saying this is what will happen, but it is a possibility.

Not the same situation at all.
Posted at 30/10/2002 11:14 by sreddy
Spike,

HEC had a surprise £3m error in its prior years accounts and the FD was sacked!

SWD was only supported during the sale period. No-one wanted to buy SWD so it folded.

Neither of these two companies had anywhere near the level of NTA that THC has compared to its borrowings.

But yes, of course there is a risk. Based on my reading of the situation, it is one I am prepared to take.
Posted at 29/10/2002 16:54 by sreddy
Thanks, Bluesky.

I think it's funny that PRM going up 7% has the same effect as THC going up 94%. I wish PRM would go up 94%. LOL!
Posted at 10/8/2002 23:12 by zedder
I know that formally AIM companies have 6 months to get their results out, but I still don't see why THC are taking so long about theirs. Still not even an announcement about a date.

After my most recent look at their website, it appears they are up to 20 clubs now. See the following for a listing and links to each of them:
Posted at 19/7/2002 14:50 by zedder
I must be a gambler as well then. I've put about 3k into the market in the last couple of days. Admittedly none gone into THC, but then they constitute about 15% of my portfolio already.

The Bull Market may not start anytime soon, but one day start it will. No point missing the first 10% of this while you sit around deciding if it's for real or not!
Posted at 13/11/2000 08:39 by exotic
Here's the extremely positive article from yesterday's "Market Miscellany" section of the Sunday Telegraph (Business) :

"Having been as high as 201.5p earlier this year, shares in THC, the AIM-quoted leisure business, have crashed to a low of 82.5p. The company issued a statement on Friday noting the downward movement in the share price. It insists the fall has nothing to do with the trading outlook for the company but instead has been caused by an instiution selling shares acquired when it merged with another fund management group. Topnotch, a newcomer to the quoted leisure market, is trading in line with expectations. The company recently bought 5 clubs from rival Cannons for £1.7m. Half-year results due out in January are not expected to dissapoint having reported a £130,000 loss in its maiden results. The company is undervalued. BUY."

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