Cann logo

CAN - Cann News Story

A$0.405 -0.0  -2.4%

Last Trade - 7:10am

Micro Cap
Market Cap £32.2m
Enterprise Value £36.5m
Revenue £360k
Position in Universe 906th / 1829

BUZZ-Australia's Cann Group jumps, sees first sales of medicinal cannabis in early 2020

Thu 19th December, 2019 12:31am
** Shares of Cann Group Ltd  CAN.AX  rise as much as 21.18%
to A$0.515, marking their biggest intraday percentage rise since
Nov. 26
    ** Cannabis cultivator Cann and drug developer IDT Australia
 IDT.AX  jointly announce that first sales of commercial
medicinal cannabis product produced by Cann expected in Q1 of
CY2020 (
    ** The firms say the medicinal cannabis product produced by
Cann will undergo stability testing ahead of release
    ** Under agreement between the two firms, IDT provides
manufacturing services to Cann's medicinal cannabis
    ** Shares of IDT Australia gain as much as 16.7%, marking
their best intraday rise since May 20
    ** Shares of Cann group among top percentage gainers in the
ASX All Ordinaries index  .AORD 
    ** Cann stock is down 79.3% this year, as of last close,
while IDT has lost over 17% 

 (Reporting by Sameer Manekar in Bengaluru)
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.