Cann Group Ltd. ( (AU:CAN) ) has shared an update.
Cann Group Ltd. has announced a proposed issue of securities, including 95,550 convertible notes and 1,746,147 unquoted options set to expire on March 6, 2027. This strategic move is aimed at raising capital to support the company’s growth initiatives and strengthen its market position in the medicinal cannabis sector.
More about Cann Group Ltd.
Cann Group Ltd. operates in the pharmaceutical industry, focusing on the cultivation and production of medicinal cannabis products. The company is engaged in the development and commercialization of cannabis-based therapies, targeting both domestic and international markets.
YTD Price Performance: 70.0%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.9M
See more data about CAN stock on TipRanks’ Stock Analysis page.