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The latest announcement is out from Cann Group ( (AU:CAN) ).
Cann Group Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase up to $30,000 worth of new fully paid ordinary shares. This initiative, compliant with ASIC regulations, is part of the company’s strategy to raise capital and potentially enhance its market position by expanding its shareholder base. The SPP is set to open on 30 October 2025, with the company ensuring compliance with relevant corporate regulations and transparency requirements.
More about Cann Group
Cann Group Limited operates in the cannabis industry, focusing on the cultivation and production of medicinal cannabis products. The company is engaged in developing and supplying cannabis-based therapies for medical use, aiming to leverage its expertise in plant genetics and cultivation techniques to serve the healthcare market.
YTD Price Performance: -66.67%
Average Trading Volume: 2,682,654
Technical Sentiment Signal: Sell
Current Market Cap: A$9.15M
For an in-depth examination of CAN stock, go to TipRanks’ Overview page.