logo-loader

Cann Group responds to ASX speeding ticket; medicinal cannabis harvest beckons

Published: 14:27 18 Aug 2017 AEST

Cannabis plant
Cann is expecting its first cannabis harvest this month

Cann Group Ltd (ASX:CAN) has received an ASX speeding ticket following a 16% jump in its shares to A$1.49 intra-day trading, compared to the low in trading yesterday.

Shares in Cann have tripled in two months.

Cann responded to the ASX saying it is not aware of any information to explain the recent trading.

The company recently entered into an agreement with Aurora Cannabis Inc. (TSXV:ACB), which is Canada’s second largest publicly listed medical cannabis producer and the first Canadian company to establish purpose-built cultivation facilities.

The agreement will facilitate an exchange of information and support across areas including the cultivation and processing of medical cannabis; extraction and manufacturing technology; and analysis of cannabis extracts.

Poseidon Nickel signs binding agreement with Mineral Resources to divest...

Departing Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Craig Jones and incoming CEO Brendan Shalders join Proactive’s Jonathan Jackson to discuss the divestment of Lake Johnston to Mineral Resources Ltd (ASX:MIN). Jones, who has played a pivotal role in this strategic move, shared insights on...

4 hours, 41 minutes ago