Articles On Cann Group (ASX:CAN)

A $3.6 million funds transfer by Cann Group to an overseas contractor building the medicinal cannabis company’s Mildura factory has been stolen in what’s been described as a “complex and sophisticated cyber fraud” by an unknown hacker. The...

Summary ASX companies have continued to disclose results as indices extended rally on Monday. Vocus Group shares jumped significantly on Monday after the company announced a non-indicative bid from Macquarie’s MIRA. ASX shares were...

In afternoon trade on Monday, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a solid gain. At the time of writing, the benchmark index is up 0.6% to 6,880.2 points. Fours ASX shares that have failed to follow the...

A "sophisticated" cyber fraud perpetuated against Cann Group (ASX: CAN) has seen the cannabis company lose $3.6 million. In an ASX announcement posted today, Cann Group says it discovered the breach on 4 February and is currently still in...

A "sophisticated" cyber fraud perpetuated against Cann Group (ASX: CAN) has seen the cannabis company lose $3.6 million. In an ASX announcement posted today, Cann Group says it discovered the breach on 4 February and is currently still in...

Cann Group (ASX:CAN) has been hit by a cyber attack, and the early signs don’t look good. The Victoria-based cannabis ... Read More The post Cann Group gets hit by cyber attack, says it’s given a fraudster $3.6m appeared first on Stockhead.

The Cann Group Ltd (ASX: CAN) share price has returned from its trading halt and is crashing lower. At the time of writing, the cannabis company’s shares are down 10% to 59.5 cents. Why was the Cann share price in a trading halt? On Friday...

The Cann Group Ltd (ASX: CAN) share price is out of form and sinking lower on Thursday. In afternoon trade, the cannabis company’s shares are down 3% to 62 cents. Why is the Cann Group share price dropping lower? The Cann share price has c...

Not too many investors are having a good time today. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is down 2.18% to 6,633points, snapping the healthy momentum that 2021 had brought until now. One ASX sector is fairing a lot...

With Joe Biden due to take office this week, many investors are wondering what this could mean for ASX shares. Ahead of his inauguration Biden has revealed a $1.9 trillion coronavirus relief plan aimed at combating the pandemic and the eco...

Lifespot Health (ASX: LSH) has announced a significant investment by major Canadian cannabis investment fund Ela Capital, marking a great achievement for the Australian cannabis industry as well as providing the necessary boost for the acce...

There is a sector in Australia that’s about to grow its revenue by 478% in the current financial year, according to one analyst. Consumer research firm IBISWorld revealed Tuesday that the medical cannabis manufacturing industry is currentl...

ASX shares related to sustainable energy aren’t the only green companies likely to get a boost from the blue wave that swept through the US elections. ASX cannabis companies could also receive some fresh tailwinds. How the Georgia election...

The Cann Group Ltd (ASX: CAN) share price has wobbled in morning trading on news the medicinal cannabis company received a tax refund for its research and development (R&D). In early trade, the Cann Group share price was up as high as...

08 Jan 2021 - Cann Group (ASX:CAN) has secured a $3.2 million research and development tax incentive refund.

Summary Cann Group to invest CAD 1 million in cannabis products distributor, iuvo Therapeutics Limited. The investment would help Cann improve its patient reach in Europe. The funds would help iuvo expand its sales & marketing abil...

The Cann Group Ltd (ASX: CAN) share price has backflipped this morning after the company reported a strategic investment. At market open, the Cann share price fell to an intraday low of 59.5 cents. However, following release of the announc...

In late morning trade the S&P/ASX 200 Index (ASX: XJO) is off its lows but still in the red. At the time of writing, the benchmark index is down 0.3% to 6,665.1 points. Four shares that have not let that hold them back are listed below...

Summary The Australian cannabis industry welcomed TGA’s recent decision to down schedule cannabidiol. The regulatory body’s decision will come into effect from 1 February 2021, instead of 1 June 2021 set earlier. Most of the ASX-liste...

Summary Cann Group completes the shipment of medicinal cannabis oil to Astral Health, which would be supplied as a component of LYPHE’s involvement in Project Twenty21. After signing a five-year supply deal with Astral Health, Cann Gro...

Cannabis stocks aren’t finished in 2020 just yet, continuing to report news as the year winds down. 2020 has been ... Read More The post Cannabis stocks are finishing 2020 on a high; Cann Group, Bod announce new European orders appeared fir...

The Cann Group Ltd (ASX: CAN) share price has rocketed up today on news the company has shipped its first order to a supply partner in the United Kingdom. At the time of writing, the Cann share price is up 13.3% at 56 cents after reaching...

Investors in ASX cannabis shares have had a bumpy ride in 2020. Share prices were impacted by global oversupply issues in late 2019 then plunged in the March 2020 market downturn. But the Australian medical marijuana industry is building...

Marijuana companies – or “pot stocks” to those who prefer brevity – were all the rage back in late 2017 and early 2018. California, America’s most populous state and the fifth largest economy in the world, was legalising the recreational u...

At the time of writing shares of Cann Group Ltd (ASX:CAN) trade at 39.5 cents, up 12.86%. The CAN share price was up on news the medical cannabis company gained approval for new banking debt facilities... The post Cann Group Share Price Ri...

Cann Group Ltd (ASX: CAN) shares are flying after the company held its annual general meeting (AGM) this morning. The Cann share price has gained 25.71% so far today, rising to a price of 44 cents. The news comes a day after the company an...

In an industry-first deal, Cann Group (ASX:CAN) has won a $50 million debt facility to build its medical cannabis production ... Read More The post NAB just gave cannabis stock Cann Group a $50m debt facility in industry-first deal appeared...

The Cann Group Ltd (ASX: CAN) share price has started the week in sensational form. In afternoon trade the cannabis company’s shares are up a sizeable 13% to 35 cents. Why is the Cann Group share price rocketing higher? Investors have been...

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is defying Friday’s weakness on Wall Street and is pushing higher. At the time of writing, the benchmark index is up 0.5% to 6,573.3 points. Four shares that are climbing more than mo...

Summary Cann Group has disclosed that it has secured credit approval for a debt facility worth A$50 million debt from National Australia Bank (NAB). Debt funding with NAB clears the Company’s path to restart construction on the Mildura...

The Elixinol Global Ltd (ASX: EXL) share price is on fire today, up more than 55% at the time of writing to 22 cents a share. The Elixinol share price closed at 14 cents a share last week, but opened this morning at 16 cents a share and ha...

Cann Group (ASX:CAN) shares dropped this morning after North American pot producer Aurora Cannabis (NYSE:ACB) sold out. According to the ... Read More The post Aurora Cannabis sells its $13m stake in Aussie pot stock Cann Group appeared fir...

ASX cannabis stocks are continuing their victory lap following yesterday’s decision by the TGA to re-classify low-dose cannabidiol (CBD) products. The TGA has made an interim decision to down schedule CBD products, including oil and pills,...

The market may be sinking lower today but that hasn’t stopped ASX cannabis shares from storming higher. For example, at the time of writing the Althea Group Holdings Ltd (ASX: AGH) share price is up 8% to 54 cents. Elsewhere, the Auscann G...

One of the biggest names in Australia's medicinal cannabis industry has increased the size of a share purchase plan (SPP) by 62 per cent after an encouraging uptake from investors. Following a successful $14.3 million placement including...

ASX cannabis shares faded from the spotlight in 2020 as the coronavirus pandemic took over. But the Australian medical marijuana companies have been working through COVID-19 disruptions as they look to scale their businesses. Some have bee...

ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn. According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead...

Cannabis shares were considered a fad for a while. Now, they’ve proved they’re here to stay. As the Australian medicinal cannabis industry grows, ASX cannabis companies are refining their strategies. While some are focused on cultivation a...

A quick wrap of the ASX’s key winners and losers on Thursday, July 23. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Today 798 stocks rose, 500 de...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The S&P/ASX 200 Index (ASX: XJO) has run out of steam on Wednesday and is dropping lower. In late morning trade the benchmark index is down a sizeable 0.9% to 6,099.5 points. Four shares that have fallen more than most today are listed...

Summary Medicinal cannabis manufacturer Cann Group announced capital raising via SPP and Placement with the issue price at a 51.2% discount to 14 July closing price. The Group has not secured funding for construction of Mildura facility...

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has given back its early gains and is heading lower. At the time of writing the benchmark index is down 0.1% to 6,006.1 points. Four shares that have fallen more than most today ar...

The Cann Group Ltd (ASX: CAN) share price has tanked this morning after the cannabis grower announced a $24.3 million capital raising at a steep discount to yesterday’s closing price. Shares were trading down 16% at the open in response to...

One of Australia's leading cannabis companies is issuing new shares at a 51.2 per cent discount to raise $24.3 million for working capital. Cann Group, which was the nation's first to receive medicinal cannabis production and research lic...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Medicinal cannabis cultivator Cann Group was fronting funds on Wednesday morning, with a deal that its biggest shareholder was passing on. 

The Althea Group Holdings Ltd (ASX: AGH) share price is on the rise today. This follows an announcement that company’s subsidiary has entered into a cannabis beverage production agreement. Althea’s subsidiary, Peak Processing Solutions, ha...

ASX cannabis shares have staged a mixed recovery since March. The Althea Group Holdings Ltd (ASX: AGH) and Cann Group Ltd (ASX: CAN) shares have had strong comebacks but the Auscann Group Holdings Ltd (ASX: AC8) price has been softer. Coro...

S&P Dow Jones Indices has announced the quarterly rebalance of the entire S&P/ASX index hierarchy, revealing which companies have been added and removed. This review of the ASX’s major indices – the S&P/ASX 20, 50, 100, 200, 300...