Articles On Cann Group (ASX:CAN)

Source: Stereo Lights, Shutterstock Summary The Australian cannabis industry is in an infant stage and can offer several opportunities to market participants with a keen interest in this space. Developer and supplier of cannabis produ...

If you’re aiming to add some diversification to your portfolio in March, then you might want to look at exchange traded funds (ETFs). This is because they are an easy and effective way to achieve diversification as they give investors acce...

The transaction is consistent with Harvest One’s strategy to divest non-core assets, streamline operations and utilise strategic manufacturing partners to create efficiencies to support the company’s CPG business model.

Cann Group Ltd (ASX: CAN) shares are edging higher today following the release of the medicinal cannabis company’s financial results for the half year ending 31 December (H1 FY21). At the time of writing, the Cann Group share price is trad...

It looks like Cann Group (ASX:CAN) will be left with a $3.6 million loss in the wake of a devastating ... Read More The post Not covered: Cann Group on the hook for $3.6 million cybersecurity incident appeared first on Stockhead.

Summary Cann Group has reported revenue from net sales of $1.08 million and an operating loss of $9.4 million. After the end of the reported period, the company announced commitments to a minority investment in iuvo worth CA$1 million....

In what may be a catalyst for ASX cannabis shares, a private company today gained approval to grow medicinal cannabis in Western Australia. As reported by the ABC, the private medicinal cannabis company Elite Cannabinoids has received appr...

Eagle-eyed followers of ASX cannabis shares might have noticed something strange about the Cann Group Ltd (ASX: CAN) share price this morning. It wasn’t going anywhere. Cann shares closed at 78 cents yesterday after rising more than 36% at...

The first half of FY21 (1H FY21) saw positive developments for ASX cannabis shares surrounding the regulation of medicinal cannabis products both locally and internationally. International markets were buoyed by the down-scheduling of cann...

Cann Group (ASX:CAN) says it will make up to $7 million less than the $15 million in full-year revenue the ... Read More The post Cann Group lowers guidance, makes acquisition; Zelira to get new boss appeared first on Stockhead.

Summary An ethical leader in the emerging medical cannabis market, Cann Group, is set to acquire Satipharm business from Harvest One Cannabis. Cann is confident that Satipharm acquisition will help accelerate revenues and bolster its p...

15 Feb 2021 - Medicinal cannabis producer Cann Group (ASX:CAN) has sealed a deal to acquire Satipharm from Canadian-domiciled Harvest One Cannabis (CVE:HVT).

The Cann Group Ltd (ASX: CAN) share price is pushing higher today following the release of a couple of announcements. At the time of writing, the cannabis company’s shares are up 2.5% to 79 cents. Why is the Cann share price pushing higher...

Summary Medicinal cannabis products manufacturer Cann Group was at the centre of another cybersecurity incident to have hit Australian companies. The Company is in ongoing talks with its bank to see if it’s possible to halt the payment...

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...

It’s been another positive day on the ASX in the wake of Democrats gaining control of the US Senate – but small caps have once again underperformed their larger peers. The Small Ordinaries index of 200 small-cap companies closed Friday up 1...

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...