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Cann Group Ltd. ( (AU:CAN) ) has shared an update.
Cann Group Limited reported a positive shift in its operating cash flow for the quarter ended December 31, 2024, driven by an R&D tax credit refund and improved cost management. Despite a slight decrease in cash receipts and sales revenue compared to the previous corresponding period, the company saw an increase in production and remains focused on meeting its annual production targets. Cann is actively exploring additional funding options to support its operational plans and continue improving its financial position.
More about Cann Group Ltd.
Cann Group Limited operates in the cannabis industry, focusing on the cultivation and production of medicinal cannabis products. The company targets the Australian market and aims to meet the growing demand for cannabis-based therapeutic solutions.
YTD Price Performance: 240.0%
Average Trading Volume: 1,516
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.37M
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.
