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Cann Group ( (AU:CAN) ) has issued an update.
Cann Group Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase up to $30,000 of fully paid ordinary shares. This initiative is part of a broader capital raising effort, including a placement to institutional investors. The SPP aims to provide equitable participation opportunities, with scale-back arrangements applied on a pro rata basis. However, participation is restricted to residents of Australia and New Zealand, excluding other international shareholders.
More about Cann Group
Cann Group Limited operates in the cannabis industry, focusing on the cultivation and production of medicinal cannabis products. The company targets the Australian and New Zealand markets, providing cannabis-based solutions for therapeutic use.
YTD Price Performance: -66.67%
Average Trading Volume: 2,682,654
Technical Sentiment Signal: Sell
Current Market Cap: A$9.15M
Find detailed analytics on CAN stock on TipRanks’ Stock Analysis page.