• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Market Analysis Latest ASX News

Cann Global Share Price up on New Product (ASX:CGB)

Like 0

By Lachlann Tierney, Monday, 26 October 2020

At time of writing, Cann Global Ltd’s (ASX:CGB) share price is up 20%, trading at 0.6 cents. While 20% sounds like a big jump, it’s a small blip in what is a long-standing slide for the CGB share price...

At time of writing, Cann Global Ltd’s [ASX:CGB] share price is up 20%, trading at 0.6 cents.

While 20% sounds like a big jump, it’s a small blip in what is a long-standing slide for the CGB share price:

ASX CGB Share Price Chart

Source: TradingView.com

We look at the details of their new product announcement.

Canntab product for Australian market

Here’s a quick summary of today’s announcement:

  • Medical cannabis tablets via its JV partnership with Canadian company Canntab Therapeutics
  • Import permit in place
  • Six formulations, two THC, two CBD and two blends
  • Complemented by large observational study or CMOS

So, an initial step in the right direction for CGB.

It helps to have products to sell.

CGB’s Managing Director Sholom Feldman highlighted the potential competitive advantages of the tablets given Australia’s tightly regulated market:

‘…we expect [the product] will be very sought-after by Doctors who are looking to prescribe pharmaceutical grade medicinal Cannabis products to their patients. It is our understanding from discussions with medical professionals that it is easier for them to prescribe a uniform dosage tablet.’

Outlook for CGB share price

Given the long-standing slide and the current sub-$20 million market cap CGB has, I’d be hesitant to say this is the beginning of a major trend reversal.

That being said, I’ve noticed a significant uptick in interest in ASX-listed cannabis stocks.

You can see how the ETFMG Alternative Harvest ETF [MJ] is tracking below:

ASX CGB Share Price Chart - Cann Share Price

Source: tradingview.com

A small bounce recently, but still a long way to go before it claws back its losses made over the course of the last 12 months.

It will be interesting to see how many of these beaten-down stocks get runs and revenue on the board after the hype drastically faded.

Regards,

Lachlann Tierney

For Money Morning

PS: Four Well-Positioned Small-Cap Stocks — These innovative Aussie companies are well placed to capitalise on post-lockdown megatrends. Click here to learn more.

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Comments

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
Lachlann Tierney

Lachlann’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • Copper traders: gettin’ jiggy with it
    By Callum Newman

    Copper has now broken into an all time high after threatening to do so for some time. There’s no reason to think it’s going to go down, either, if the market views Trump as serious. The race is on to buy up what you can before the tariff goes into effect.

  • Australia ain’t the USA…and that’s great!
    By Callum Newman

    The outlook for Australia and the ASX are very different to the US and US shares. Here’s why…

  • The biggest infrastructure spending boom in history just kicked off
    By Nick Hubble

    Did governments screw up our gas supply? According to some sources in the industry, a rather similar thing happened to our electricity and water industry.

Primary Sidebar

Latest Articles

  • Copper traders: gettin’ jiggy with it
  • Australia ain’t the USA…and that’s great!
  • The biggest infrastructure spending boom in history just kicked off
  • You Read it Here First: Great Asset Rotation Underway
  • The sector primed to fly into 2026

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988