Share price of Cannabis Co., Ltd. Broker warns investors to be cautious

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Stock price. Wade to produce products that contain hemp-marijuana ingredients. Recently started to weaken From then before soaring all over after the government announced the lockdown Cause of various currents Fearing that there will be strict preventive measures to control the cultivation and use of marijuana Brokers warn investors to be cautious because Co., Ltd. turns to hemp – cannabis. Most of the profits are at a loss. Estimate the income from this business. Still can’t help offset the loss and it’s unclear how to make a profit. while each company accelerates the production of products to the market hope to generate income soaring

After on June 9, D-Day, the state announced that hemp, cannabis is released from category 5 drugs, but must be ingredients that contain no more than 0.2% THC, can be possessed, imported, exported, sold, grown at home as many trees No permission required But must file a notification with the Provincial Health Office or the FDA, and marijuana, hemp, is no longer classified as a category 5 drug, causing the general public. Recently, on June 14, 2022, the Food and Drug Administration Open the number of use of cannabis planting applications, found that there are 37,093,501 cumulative users, while the number of registrations is 785,192 people. 761,366 marijuana certificates have been issued, and 23,826 cannabis certificates have been issued. In the last 4 days, the number of access, filing and issuance of receipts has continued to increase.

however Many have suggested measures must be taken to control the use of marijuana for medical and health purposes only. If wanting to open for consumption or consumption There must be seven measures: collecting excise taxes at a high rate Use money to promote health and educate the public, set a minimum age of 25 for people to buy or consume cannabis, prohibit any advertising on products related to cannabis extracts that are harmful to health, set to provide warnings about dangers and consequences Publish information on the benefits and harms of cannabis, forcing operators or sellers to disclose cannabis ingredients in their food. or beverages clearly, designated area and time for a cannabis-free zone and restricting the import and export of cannabis and cannabis products. except for medical use and the production of medicines only

However, many listed companies are wading into cannabis upstream. midstream and downstream Expanding cannabis-related businesses to products and in a variety of formats causing the share price of companies that invest in such businesses to soar to receive the news From the table, it can be seen that on June 9, the share price soared and closed positively. Dense trading Receive continuous news for several days. Until the latest closing price, June 20, to see that the share price has already weakened. partly because before the stock price has already received a lot of news And there are many streams that come out to express their opinions and the impact of such unlocking. There are likely to be more restrictions on marijuana use than expected. may cause strict measures to control

Co., Ltd. accelerate the production of products to the market expecting income to soar

Thanin Srisetthi, Chief Executive Officer, OD Biotech Public Company Limited or DOD Revealed that after the Ministry of Public Health (MOPH) decreed that cannabis plants are not classified as a category 5 drug, the DOD began to send dietary supplements containing hemp extract, in the part of CBD (Cannabidiol), an oil blend from the seeds. Hemp (Hemp Seed Oil) and hemp seed protein containing substances. Tetrahydrocannabinol (THC) is less than 0.2% in dietary supplement form, 2 products are on the market. In the process of developing with customers This year, it is expected that there will be more than 10 new products that will be released in the second half of the year, and for DOD, the licenses have already been completed. Therefore, it can be sold since before the end of the year 64. As for dietary supplements containing hemp extracts. After being delivered to some then will begin to recognize from the second quarter of this year 65 onwards

Dr. Janjida Rattanaphumpinyo, Director of RBF or R&B Food Supply Plc. revealed that the company will gradually recognize more revenue from the hemp business Because the production of the company’s hemp extraction plant Some have already begun to deliver to customers. Both the food, beverage, and cosmetic business, and the Company has already signed orders for many large customers. together with the company Prepare to raise the standard for the production of hemp extraction plants to support more orders from pharmaceutical and medical customers which is another way to add income As a result, the company earn more It is estimated that revenues can continue to grow. both from domestic and international sales which currently has contracted orders with many large customers Recently, it has begun to expand and gradually release downstream products to the domestic market, causing RBF to start to recognize revenue from the hemp business since the first quarter.

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Mr. Ekaphan Vanagosoom, Chief Executive Officer K.W. Metal Works Public Company Limited or KWM informed that after the announcement “Unlocking cannabis-marijuana” results in different parts of the cannabis plant no longer has drug status. The company expects to support the production process of the product. Including the extraction has a positive effect on the overall business in the hemp-marijuana industry. Including resulting in KWM as well. Lab Active Co., Ltd., a joint venture company, will extract and process raw materials from agricultural crops. and selling products For use in the cosmetics and skin care industries in the form of OEMs, the products will be manufactured to the market in the third quarter of this year, expected to have a revenue of 20 million baht, ready to prepare for hemp-marijuana planting area not more than 600 square meters and prepare to apply for leaves Permission to set up a CBD extraction plant from hemp-marijuana plants Expect to see clarity 2-3 months later.

Dr. Somboon Eua-atchasai Chief Executive Officer Gunkul Engineering PCL. or GUNKUL revealed that from the cannabis plant is not classified as a harmful drug This is a positive for upstream to downstream companies, including GUNKUL, which will create a sustainable future. The people who will benefit the most in the first phase are the upstream (growers) and midstream (extractors) entrepreneurs who expect to see revenue coming in first. which has high bargaining power and low risk of competition than the downstream operators (Beverages, Cosmetics) and GUNKUL aims to produce Medical Grade hemp-cannabis for medical use. Crop control is therefore very important. This brings chemistry to the existing collaborative group of cannabis growers that focus on uncontaminated and well-controlled cultivation. This ensures that cannabis, hemp, that GUNKUL cultivates is standardized and has enough potential for export for medical use.

Mr. Teera Chutiwaraporn, Chief Executive Officer, Alpha Divisions Public Company Limited or ALPHAX revealed that ALPHAX turned to hemp plants and/or cannabis with capital increase 47,849,594.25 baht for the purchase of machinery for the production of reactants Hemp Chemicals and Raw Materials and/or cannabis For use in the food supplement and pharmaceutical industry investing in cannabis cultivation and/or cannabis Development of areas for planting greenhouse structures and system work and investment in marketing and distribution Including use as working capital in the business, allowing ALPHAX to recognize revenue from the hemp extract business in a full quarter as well as increase the production capacity by 100 times by ordering the machines Which has the potential to feed 30,000 kilograms (30 tons) of raw materials per month and is scheduled to start production in the third quarter of this year, so it is expected that in the year 65 will have 450 million baht from the hemp business, hemp, latest ALPHAX launches new products “Premium grade cannabis bouquets”, which are more than 10 foreign species, available for sale over 500 kilograms, aiming to sell them all within 1 month and receive income immediately in the second quarter of not less than 100 million baht.

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Mr. Worasak Kriengkomol, Chief Executive Officer Eternal Energy Public Company Limited or EE Has issued and sold newly issued ordinary shares to shareholders (RO) worth more than 1,300 million baht to invest in a cannabis/marijuana extraction plant project in the middle of the water and extending to various downstream products, hoping to become a leader in the integrated hemp business to become a giant Hemp at the national and global level, which in the second quarter of this year, EE will begin to recognize revenue. “Upstream business – hemp cultivation” of subsidiaries in Saraburi and Lamphun and stepped into “mid-water business or extraction plant” in which year 65, the company aims for total revenue to grow at least 400 million baht and net profit of 250 million baht while At the year 66, the net profit target will grow twice. because the company plans to negotiate with many partners “Establish a CBD extraction plant and expand into downstream business Product development from hemp extract which is currently in the process of negotiating with many partners to jointly develop products from hemp extracts Expected to see clarity and start selling products in 66

TWZ Corporation Plc. or TWZ Established Siam Medical Cannabis Co., Ltd. together with AA Bio Co., Ltd., where TWZ holds 49% through CBD Corporation Co., Ltd., a subsidiary of TWZ, and AABIO holds 51%, most recently Siam May. Dical Cannabis also received an order for pre-extracted hemp oil from Cann Global Co., Ltd., the world’s hemp industry giant. It expects to deliver goods and recognize revenue from the first phase of sales in the first quarter of this year. Meanwhile, CBD, a subsidiary of TWZ, is an importer and distributor of LED technology equipment for hemp and cannabis cultivation. has signed a cooperation agreement with Nusasiri Public Company Limited or NUSA in trading LED lamp technology products for use in agriculture and in hemp and marijuana cultivation greenhouses. In order to collaborate on the development and extension of LED lamp technology products to increase the efficiency of use. including the establishment of a domestic assembly plant in the future

Mr. Nopporn Phatarujee, Chief Executive Officer, Global Consumer PCL. GLOCON It said the company had obtained a license to extract hemp seed oil. and a license to produce specific controlled foods such as hemp seeds, hemp seed oil Hemp Seed Protein and food products containing hemp seeds Hemp seed oil or protein from hemp seeds (Only hemp seed oil), the first and only one in Thailand Ready to launch a battle drum and move forward to seize the beachhead of the Thai hemp-infused food industry in full, which GLOCON prepares to deliver ready-to-eat food products mixed with hemp Test the market demand in the third quarter of this year, by the end of June this will be completed. Ready to go into the market fully through the main distribution channel “Major convenience stores” before expanding to modern trade across the country.

Mr. Peeraphan Jiwapornthip, Managing Director, Salee Color Public Company Limited or COLOR After the release of cannabis plants, they are not classified as harmful drugs. This will be a factor supporting the hemp-related cannabis business. Including the positive effect on the company that is currently expanding the agricultural sector. such as film production, Meet-1 light screening, cannabis cultivation greenhouses for community enterprises, and Magik Growth packaging bags for orchards. and resulting in increased demand The company received orders for Magik Growth planting bags to increase productivity. which covers all sizes of cannabis plants and will support additional revenue growth in the future

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There are also companies that are trending, such as Sunsweet Public Company Limited or SUN who grabbed 2 hemp licenses from the FDA to go upstream business fully Cultivation and extraction business in Mae Wang district Chiang Mai Province and together with Pharmaceutical Industry PCL. JSP (Thailand) or JP and KTDM Co., Ltd. (KTDM) signed a cooperation agreement with 3 parties to develop products from complete hemp while Chayo Group Plc. or CHAYO Send 555 Shopping Company Limited, a subsidiary. join hands with DOD partners to sign an MOU to jointly create hemp extract products from upstream to downstream Hua Fong Rubber (Thailand) PCL. or HFT that entered the cannabis and hemp business by selling tools and equipment for indoor planting both at the household level and commercial part STA or Sri Trang Agro-Industry PCL. Let the subsidiary plant hemp and get a license from the FDA by investing in hemp planting 100-200 rai, expecting to harvest at the end of the year and Thonburi Healthcare Group Public Company Limited or THG Subsidiary Company Thonburi Canabiz Public Company Limited or THC With an initial budget of 100 million baht, the goal is to be a leader in the comprehensive hemp market. Proportion of revenue from the hemp and cannabis business is expected increased to 10% within 3 years, including companies with operating losses that Boutique Corporation Public Company Limited or BC, Siam Wellness Group Public Company Limited or SPA, FN Factory Outlet Public Company Limited or FN and Beauty Community Public Company Limited. TI or BEAUTY

Asia Plus Securities warns of cautious investment

Asia Plus Securities Public Company Limited Assessment after unlocking cannabis Announced from the Ministry of Public Health on June 9, 2022, and in order of seven types of marijuana relief laws, this unlocking makes Thailand the country with the most liberal marijuana equivalent to Canada, the largest in the field. Hemp – hemp of the world And at present, there is quite a lot of speculation from such flows. But looking at the results, each of the top international companies that are market leaders in hemp and cannabis businesses are mostly based in the United States. By the results of the past 2 years, it can be seen that those companies have a tendency to grow their income. But on the other hand, it was found that the operating results of various companies continued to show “losses” every year. If you look at the share prices of the big world marijuana companies over the past 2 years, it can be seen that the prices of most of the stocks have risen considerably. Expected from speculative flows in such businesses from the poor performance As a result, investors sell their shares to make profits. This caused the share price to drop sharply and faster than 30% from the beginning of last year.

in the Thai stock market Many entrepreneurs in the business began to pay attention and invest in the hemp, cannabis business, which was in its early stages, which ASPS selected companies that began to see clear developments. both in the cultivation, extraction and production of various products Including companies with a profit base of less than 500 million baht, RBF, DOD, and SAPPE, which may easily cause the share price to rise according to the trend. while some companies that still face a loss, such as SPA, FN, BEAUTY, BC, etc. ASPS believes that the hemp business is unable to compensate for these losses. And it is unclear in terms of how profitable the business will be. while the current share price in the group strong adjustment received a lot of current Advise investors to speculate with caution.

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