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Cann Group ( (AU:CAN) ) just unveiled an update.
Cann Group Limited has issued 120,395,238 fully paid ordinary shares as part of a tranche 1 placement at 1.15 cents per share. This move, executed under the company’s available placement capacity, aims to bolster its financial position and support its ongoing operations. The company has complied with all relevant disclosure obligations, ensuring transparency and adherence to regulatory requirements.
More about Cann Group
Cann Group Limited operates in the medicinal cannabis industry, focusing on the cultivation and production of cannabis for medicinal purposes. The company is involved in developing and supplying cannabis-based products to meet the growing demand in the healthcare sector.
YTD Price Performance: -66.67%
Average Trading Volume: 2,690,359
Technical Sentiment Signal: Sell
Current Market Cap: A$9.15M
See more data about CAN stock on TipRanks’ Stock Analysis page.