EQS-News: Cannovum Cannabis AG: Bundestag confirms Cannovum Cannabis AG's business model for cultivation clubs, legal certainty for recreational cannabis producers
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EQS-News: Cannovum Cannabis AG
/ Key word(s): Market Launch
Cannovum Cannabis AG: Bundestag confirms Cannovum Cannabis AG's business model for cultivation clubs, legal certainty for recreational cannabis producers
Cannovum Cannabis AG (stock exchanges Frankfurt/Xetra, Düsseldorf, Munich, Hamburg, Berlin, gettex: ISIN DE000A37FUP2) welcomes the amendments to the Cannabis Act (CanG) passed by the Bundestag in the third reading on June 6, 2024. This means that cultivation associations can apply for a license in time for July 1, 2024 and subsequently start their operational activities.
With the amendments to the Cannabis Act, cultivation associations have legal certainty for their actions. Cannovum Cannabis AG, together with partners from the agricultural sector, partners from facility management and innovative digital start-ups, will soon be presenting attractive offers. These offers will simplify the development and daily work of the cultivation associations. The offers are commercially attractive and legally compliant as a partnership model.
With a variety of such offers and services, Cannovum Cannabis AG intends to generate significant sales in the area of recreational cannabis and create significant value for shareholders and the company.
"As a renowned public limited company, we see ourselves in a unique position to offer attractive and legally compliant services for cannabis clubs and cultivation associations together with our partners. The established growers in our subsidiary Anbau-Allianz GmbH are a role model here," says Klaus Madzia, CEO of Cannovum Cannabis AG.
The cultivation alliance, Anbau Allianz für Deutschland GmbH, has strong partnerships with leading organizations and companies, which strengthens the company's position as a market leader and offers investors an exceptional opportunity to participate in the growth of the German cannabis market and create sustainable value.
Partners of Anbau-Allianz für Deutschland GmbH include Osnabrück University of Applied Sciences, the horticultural companies Hortensien Spieker, UN Moorman, Baum Düsseldorf UG, Blumen Rieke and Cox Gartenbau, as well as the innovative growth optimizer Spex AI, Gartenbauversicherung Deutschland VVaG, the international analytics company Wessling, the market leader for biological plant protection Koppert and the supplier of ecological plant pots Pottburri.
Further information at: www.cannovum.de
Contact:
Klaus Madzia CEO Cannovum Cannabis AG
email: klaus.madzia@cannovum.com Tel: +49 178 5811701
About Cannovum Cannabis AG:
Cannovum AG (www.cannovum.de, www.cannovum.com) is the first German cannabis company to be traded on the stock exchange. The shares are traded on the Frankfurt/Xetra, Düsseldorf, Munich, Berlin, Hamburg and gettex stock exchanges.
07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Cannovum Cannabis AG |
| Stresemannstrasse 23 | |
| 10963 Berlin | |
| Germany | |
| Phone: | 0178 5811701 |
| E-mail: | klaus.madzia@cannovum.com |
| Internet: | www.cannovum.com |
| ISIN: | DE000A37FUP2 |
| WKN: | A37FUP |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Hamburg, Munich, Tradegate Exchange |
| EQS News ID: | 1920153 |
| End of News | EQS News Service |
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1920153 07.06.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 0,00 | 0,09 | 0,00 | 0,00 | 1,02 | 0,00 | 0,00 | |
| EBITDA1,2 | 0,00 | -0,05 | -0,03 | -0,11 | -0,11 | -0,20 | 0,00 | |
| EBITDA-Margin3 | 0,00 | -55,56 | 0,00 | 0,00 | -10,78 | 0,00 | 0,00 | |
| EBIT1,4 | 0,00 | -0,05 | -0,03 | -0,11 | -9,92 | -3,17 | 0,00 | |
| EBIT-Margin5 | 0,00 | -55,56 | 0,00 | 0,00 | -972,55 | 0,00 | 0,00 | |
| Net Profit (Loss)1 | 0,00 | -0,05 | -0,03 | -0,11 | -9,92 | -3,17 | 0,00 | |
| Net-Margin6 | 0,00 | -55,56 | 0,00 | 0,00 | -972,55 | 0,00 | 0,00 | |
| Cashflow1,7 | 0,00 | -0,05 | -0,03 | -0,11 | -0,11 | -0,20 | 0,00 | |
| Earnings per share8 | 0,00 | 0,00 | -0,02 | -0,08 | -6,98 | -2,23 | -1,40 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: M&B Treuhand
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Cannovum Cannabis | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A37FUP | DE000A37FUP2 | AG | 0,49 Mio € | 06.05.2021 | - | 9F4MF9XQ+V4 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| -1,14 | 0,00 | 0,00 | -0,16 | 0,54 | -2,42 | 121,50 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 29.08.2024 | 30.09.2024 | 30.06.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -43,38% | -79,40% | -82,09% | -82,09% | -98,63% |
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