Cann Group Ltd. (AU:CAN) has released an update.
Cann Group Limited reports an 11.6% increase in sales revenue to $15.73 million in FY24, with significant growth in dried flower sales, despite a challenging year that saw a write-down of assets and an overall increased loss after tax. The company has also seen a positive shift in operational efficiency, doubling commercial production, and is looking to expand its Botanitech brand as part of a broader strategy to enhance its financial foundation for FY25 and beyond.
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