AusCann Group Holdings Ltd (AU:AC8) has released an update.
AusCann Group Holdings Ltd reported a solid cash position and is advancing with its strategic intentions, including a non-binding agreement to acquire European medical cannabis firm ECCPharm and expanding into the Polish market. Additionally, the company is optimizing its cost structure by divesting a majority stake in CannPal while maintaining significant interest as CannPal nears commercialization. These moves are set against a backdrop of favorable legislative changes in Germany, which could open up significant new opportunities in the medical cannabis sector.
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