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Cann Group ( (AU:CAN) ) has shared an update.
Cann Group Limited has announced a proposed issue of securities, including options and ordinary shares, as part of a securities purchase plan and placement. This move aims to raise capital, potentially strengthening the company’s financial position and supporting its growth initiatives in the medicinal cannabis sector.
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 the therapeutic potential of cannabis and serves markets that require high-quality, regulated cannabis products.
YTD Price Performance: -64.10%
Average Trading Volume: 2,441,445
Technical Sentiment Signal: Sell
Current Market Cap: A$9.85M
For detailed information about CAN stock, go to TipRanks’ Stock Analysis page.