Cannovum Cannabis AG
ISIN: DE000A37FUP2
WKN: A37FUP
26 June 2024 09:34AM

EQS-News: Cannovum Cannabis AG: 'Cannabis for Germany', sale of fake hemp in 1,000 Aldi Süd stores starts on 27 June

Cannovum Cannabis AG · ISIN: DE000A37FUP2 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1933639

EQS-News: Cannovum Cannabis AG / Key word(s): Product Launch/Alliance
Cannovum Cannabis AG: 'Cannabis for Germany', sale of fake hemp in 1,000 Aldi Süd stores starts on 27 June

26.06.2024 / 09:34 CET/CEST
The issuer is solely responsible for the content of this announcement.


Cannovum Cannabis AG: "Cannabis for Germany", sale of fake hemp in 1,000 Aldi Süd stores starts on 27 June

 

 

Cannovum Cannabis AG (Frankfurt/Xetra, Düsseldorf, Munich, Hamburg, Berlin, gettex: ISIN DE000A37FUP2) and its partners will be selling fake hemp on the shelves of discounter Aldi-Süd from 27 June 2024, at a price of €2.99 in around 1,000 stores. The products bear the logo of the "Anbau Allianz für Deutschland", a subsidiary of Cannovum Cannabis AG. With the "Scheinhanf - die legale Pflanze für Ihren Garten" (fake hemp - the legal plant for your garden) offer, Cannovum Cannabis AG and its partners want to raise awareness of the legalization of recreational cannabis in Germany in all social classes.

 

 

The sales campaign is an important step in raising awareness of Cannovum Cannabis AG and promoting the social acceptance of cannabis as a recreational drug in Germany. From 1 July, cannabis clubs will be able to apply for a cultivation license for recreational cannabis. Cannovum Cannabis AG and its subsidiary, Anbau Allianz für Deutschland GmbH, will support these clubs as commercial partners with system-relevant products and services.

 

 

Cannovum Cannabis AG will soon announce the launch of the first reference clubs. There, Cannovum Cannabis AG and its partners will demonstrate practically how cannabis can be successfully grown and distributed in Germany as a recreational drug in an ecologically sustainable, legally compliant manner. They will also comply with all aspects of youth protection and quality assurance.

 

 

Klaus Madzia, CEO of Cannovum Cannabis AG: "We are proud to be able to provide a real measurable added value for the legalization of cannabis with Cannovum Cannabis AG, Aldi-Süd and Anbau Allianz. We are about to start the official cultivation by clubs and can already successfully demonstrate our expertise today.”

 

 

Through its subsidiary, Anbau Allianz für Deutschland GmbH, Cannovum Cannabis AG has a broad network of family businesses from the German agricultural sector that will implement the topic of cannabis cultivation and "reference clubs" with the highest level of security and expertise. The following partners of Anbau Allianz were involved in the "Scheinhanf" product for Aldi-Süd. Production: Hortensien Spieker and Gartenbau Baum, logistics and trading partner: Q-Flower, pots: POTTBURRI.

 

The growth and sales potential of legalizing recreational cannabis for Cannovum Cannabis AG is enormous. "According to our calculations, a single club in Germany can generate up to 2.4 million euros per year with recreational cannabis. In the medium term, we expect several thousand clubs in Germany," says Klaus Madzia, CEO of Cannovum Cannabis AG.

 

 

For further information, please visit: 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. Its shares are traded on the Frankfurt/Xetra, Düsseldorf, Munich, Berlin, Hamburg and gettex exchanges.

          

 

 

 

 



26.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1933639

 
End of News EQS News Service

1933639  26.06.2024 CET/CEST

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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
Quelle: boersengefluester.de and Company information
Explanation

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

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INVESTOR-INFORMATION
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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
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
29.08.2024 30.09.2024 30.06.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-7,57%
0,34 €
ATH 45,75 €
-43,38% -79,40% -82,09% -82,09% -98,63%

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