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Cann Group has big expectations for revenue growth

Cann Group has big expectations for revenue growth

Cann Group Ltd (ASX:CAN) CEO Peter Koetsier tells Proactive they’re a B2B cannabis manufacturer - one of the first in Australia. He says the business is currently in a phase of scaling up and focusing on operations after a period of construction and building its facility. The company reported revenue from sales of $13.78 million (FY22: $6.41 million) which represents a 115% increase. Cann’s flagship Mildura facility has now been commercially harvesting for more than a year with the latest harvested crop area equating to an annualised production level of 8 tonnes – double the size of previous harvests.