Pinned straw:
Is BXN a Buy at these levels or Bye see u later! - 1 Oct announcement below
Business has cash in bank..
has the USA pharmaceutical restrictions hurt the aspirations here?
BXN trying to put the holders at ease .. i guess .. BXN still bearish Tuesday 7th Oct
Hi @raymon68
Im not sure that the potential reclassification of cannabinoids in the US should impact BXN directly - either positively or negatively. I suppose it might introduce more global competition eventually, but BXN doesn’t operate on the US.
The other bit of news is the change in government in Czechia. They may view medical cannabis unfavourably. The medium term ramp up of European supply is dependent on a new facility being built there but currently they have excess capacity in their Australian manufacturing plant for the next 12-24 months.
It’s possible that there has been a sell down from a significant shareholder over the last month or so but there has been no announcement to that effect
Hope that helps
c
@Chagsy Thanks for the Reply-
The trading volume has dropped since September 2025 .
Yes could a Governance issue as you say = 'government in Czechia. They may view medical cannabis unfavourably.'
Share price chart is taking on the attitude of wait and see. Bears, Sellers are winning
The Chart may go sideways for a few months.. Build like loaded spring from these 3.95cps levels
