Australia's largest stock trading and investment forum Australia's #1 stock forum

AC8

Click for more information

1.92%

13.3¢ auscann group holdings ltd

From an announcement ages ago I thought they had land around...

First 879 Last

Share
Profile

Follow
Lifeisabeach

567 Posts.

23

25/02/19

01:48

Post #: 37549830
Share

Originally posted by dmaivn: ↑

I had a look at the R&D facility that AusCann bought for over 5 millions. It's among an industrial zone full of factories doing hard stuff like steel, parts, construction materials ... I wonder why. I thought that they would want a farm type area with land where they can set up green houses and grow weeds. It looks like they will never grow anything in Australia. It will probably have a little greenhouse just for growing a little to keep the genetics or perhaps doing some cannabis plant breeding. Look at the facility I can see why one would need 6 millions to fit it out. The satellite shot seems to suggest it's a massive covered warehouse like Bunnings'.

It's unlikely that anything will be up and running there in this calendar year.

Will see what happens to AC8 stock over next week. It has not dropped enough under the last low of 46c to look attractive to play a deadcat bounce.

Expand

From an announcement ages ago I thought they had land around Karobarup Road north of Perth. Near where the nursery belt is. That was approximately 18 months ago. Could very well be wrong.

AC8 Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ASX Market Open: Aussie investors to power past concerns raised by Trump's tariff threats | November 27, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 304 more messages in this thread...

First 879 Last

Add AC8 (ASX) to my watchlist