Cann Group Ltd. (AU:CAN) has released an update.
Cann Group Ltd. announces a non-renounceable entitlement issue offering approximately 156 million new shares at 4 cents each to raise about $6.25 million. Shareholders have the chance to receive one new share for every three they hold, plus additional options. The funding effort, which includes a Lead Manager Offer of 7 million new options, is set to close on 24 October 2024 and is not underwritten.
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