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CAN - Cann News Story

A$0.425 0.0  3.7%

Last Trade - 4:19am

Sector
Healthcare
Size
Micro Cap
Market Cap £32.4m
Enterprise Value £36.7m
Revenue £358k
Position in Universe 911th / 1828

BRIEF-Cann Group Expects To Continue Operation Throughout COVID-19 Pandemic

Wed 1st April, 2020 9:27am
April 1 (Reuters) - Cann Group Ltd  CAN.AX :
    * EXPECTS TO CONTINUE OPERATING THROUGHOUT COVID-19 PANDEMIC
    * CONTINUES TO PROGRESS FUNDING OPTIONS RELATING TO PLANNED
MILDURA PRODUCTION FACILITY
    * GIVEN UNCERTAINTY DUE TO COVID-19, MAY NOT MAKE DECISION
ON
FUNDING UNTIL END OF FINANCIAL YEAR
    * PREVIOUS ESTIMATES ON TIMELINE ASSOCIATED WITH
CONSTRUCTION &
COMMISSIONING OF MILDURA FACILITY MAYBE IMPACTED BY COVID-19
RELATED DELAYS
    * BELIEVES SUFFICIENT WORKING CAPITAL IS IN PLACE TO SUPPORT
CURRENT OPERATIONS UNTIL END OF FINANCIAL YEAR

Source text for Eikon:  ID:nASX2hFlbb 
Further company coverage:  CAN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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