Creso welcomes LGC Capital into strategic alliance

|

Published 10-NOV-2017 10:00 A.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

One of the most expansive (yet, least utilised) market niches to be found in the world today is medicinal cannabis. Medicinal cannabis products are becoming increasingly more accessible in parallel to government regulations softening across the developed world.

As you would expect, the liberation of previously cloistered markets, is breeding entrepreneurship and innovative methods of making medical cannabis a commercial morsel.

Creso Pharma (ASX:CPH) and TSX-listed LGC Capital (TSX-V.LG), have jointly announced the formation of a strategic alliance intended to create a vertically-integrated cannabis company with a global footprint spanning cultivation, IP generation and commercially-viable innovative products.

The agreement paves the way for the two companies to form a mutually-beneficial alliance, to develop innovative pharmaceutical solutions addressing the growing demand for cannabis and hemp-derived therapeutics, cosmetics, nutraceuticals and lifestyle products.

It is early stages in this agreement thus far so interested investors should seek professional financial advice if considering this stock for their portfolio.

Currently, the ‘nutraceuticals’ market is estimated to be worth around US$200 billion annually, and expected to reach US$205 billion by the end of 2017.

By focusing on unique and innovative product delivery mechanisms, Creso Pharma is developing cannabis and hemp therapeutic products, manufactured to the highest pharmaceutical GMP standard and delivered to the highest quality levels across the supply chain.

CPH has said that it will update the market with full details, terms and conditions of the agreement early next year. One key factor that may be play a part in supporting CPH’s internal development as well as attracting further investment capital to CPH, is the influence of David Lenigas, the current Founder and Co-Chairman of LGC .

David Lenigas

Mr. Lenigas is a renowned Australian-based investor with past involvement in Artemis Resources (ASX:ARV), a Resources company that made instant market headlines for its recent gold discovery in WA (and also strategically backed by Lenigas’ investment company LGC).

Accompanying Creso’s alliance with LGC Capital, David Lenigas said, “Creso operates under the highest GMP Swiss standards and all of its products are manufactured, quality controlled and certified in Switzerland. Creso’s team consists of globally-recognised pharma professionals and this alliance between Creso and LGC is a terrific development for both companies.”



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X