I agree..I believe we are still at the very early stages of the Australian market taking on board the scale of the opportunity that’s CBD is presenting.
If you look at the new website Elixinol is showing the global opportunity that they are trying to capture. Look at the number of countries and languages in the drop down menu. 4o countries and counting they are selling to.
Jeff Sessions the most anti Cannabis attorney General the US has seen has just lost his senate seat, so i think you are going to see a lot more improved sentiment and money start flowing into the sector.
The New Democrat led congress should also pass the 2018 farm bill before the end of the year, so we should have some real positive momentum in the sector.
Most encouragingly the quarterly sales are accelerating and with a base of $10.4 sales growing at 27% This is fast becoming a serious business.
The Americans and Canadians definitely understand the sector, now we have to be patient for the domestic Australian market to catch on and generate some retail and more broad spread buying of the shares...
Building nicely and patience will be rewarded.
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