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Cann Group ( (AU:CAN) ) has provided an update.
Cann Group Limited has opened its Share Purchase Plan (SPP) to eligible shareholders in Australia and New Zealand, allowing them to purchase up to $30,000 worth of new shares without transaction costs. This follows a successful private placement raising $6.5 million. The funds from these initiatives will be used to settle debt facilities with National Australia Bank. The company forecasts a 50% revenue growth in FY26, driven by strong demand for its products, and aims to achieve a positive EBITDA.
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 known for its bulk flower and branded Botanitech™ products, catering primarily to the Australian and New Zealand markets.
YTD Price Performance: -66.67%
Average Trading Volume: 2,682,654
Technical Sentiment Signal: Sell
Current Market Cap: A$9.15M
Find detailed analytics on CAN stock on TipRanks’ Stock Analysis page.