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Cann Group ( (AU:CAN) ) has shared an update.
Cann Group Limited has issued a Target Market Determination (TMD) for a series of quoted options tied to a forthcoming prospectus, covering free attaching options, piggyback options and SPP shortfall commitment options that can be exercised into fully paid ordinary shares. The options, which form part of an earlier announced placement and share purchase plan and remain subject to shareholder approval and ASX quotation requirements, are being offered only to defined eligible participants so that any resulting shares are freely tradeable, with the company emphasising that the TMD is not financial advice and that investors must rely on the prospectus and their own professional advice when deciding whether to participate.
The most recent analyst rating on (AU:CAN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Cann Group stock, see the AU:CAN Stock Forecast page.
More about Cann Group
Cann Group Limited is an Australian-listed company focused on the cultivation, production and supply of cannabis-based products, operating within the regulated medicinal cannabis and related life sciences sector. The company targets institutional, sophisticated and retail shareholders through capital markets to fund its development and commercial activities, with its securities quoted on the Australian Securities Exchange.
YTD Price Performance: -74.36%
Average Trading Volume: 5,111,922
Technical Sentiment Signal: Sell
Current Market Cap: A$14M
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.