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Cann Group ( (AU:CAN) ) has issued an update.
Cann Group Limited has announced the issuance of 7,924,832 unquoted equity securities in the form of options set to expire on June 2, 2027, with an exercise price of $0.0508. This move is part of previously announced transactions and is not intended for quotation on the ASX, potentially impacting the company’s financial strategy and stakeholder interests by expanding its equity base.
More about Cann Group
Cann Group Limited operates in the pharmaceutical industry, focusing on the cultivation and production of medicinal cannabis products. The company is dedicated to advancing cannabis research and development to create innovative therapeutic solutions.
YTD Price Performance: -64.10%
Average Trading Volume: 1,808,975
Technical Sentiment Signal: Sell
Current Market Cap: A$8.71M
For an in-depth examination of CAN stock, go to TipRanks’ Stock Analysis page.