AusCann Group Holdings Ltd (AU:AC8) has released an update.
AusCann Group Holdings Ltd reports a cash balance of $2.586 million, reduced operating costs from divestment of animal health assets, and progress on a European acquisition poised to exploit regulatory changes in the German cannabis market. The company’s shares remain suspended pending re-compliance with ASX Listing Rules, while it extends its loan agreements with ECC and anticipates German legislative changes that could offer new opportunities. AusCann has also strategically retained interest in CannPal, which is advancing towards commercialization with new product developments and partnership negotiations.
For further insights into AU:AC8 stock, check out TipRanks’ Stock Analysis page.
