Australia's AusCann Group sees best day in over 4 months on facility lease

Auscann group

17/06/2021 03:35

** Shares of medical marijuana producer AusCann Group
 AC8.AX  rise as much as 9.1% to A$0.12
    ** Co enters agreement to lease its R&D facility in Western
Australia to forensic tech firm Source Certain International
 urn:newsml:reuters.com:*:nFWN2NY0WA
    ** Co to receive A$475,000 ($362,425) per year in rent as
part of a five-year lease
    ** Stock posts its biggest intraday pct gain since Feb 10
    ** Stock down 43.6% this year, as of last close

    ($1 = 1.3106 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))