Cann Group Ltd. (AU:CAN) has released an update.
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Cann Group Limited has reported a net operating cash outflow of $3.85 million in the latest quarter but anticipates improvement in the next two quarters with sufficient funds on hand to support operations. The company has seen positive cash flow from financing and sale of assets and expects further boosts from the Australian R&D Tax Incentive and asset sales, alongside cost savings from a business restructure. Revenue growth is expected to accelerate with new product launches and increased production capabilities.
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