Cann Group Ltd. (AU:CAN) has released an update.
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Cann Group Limited reports an 18% year-to-date sales revenue increase, reaching $11.6 million, despite a 21% downturn in cash receipts from operating activities this quarter. The company is enhancing its product portfolio with the successful Botanitech range and anticipates new locally developed elite cannabis varieties and vape offerings to bolster its market position. Amidst challenges from imported products, Cann Group is progressing with new formulation developments and is actively working on financial strategies to resume trading on the ASX.
For further insights into AU:CAN stock, check out TipRanks’ Stock Analysis page.
