"As announced on 22 February 2019, the Board does not consider an equity raising to be in the best interests of shareholders. However, should the situation improve in the near term, MMJ will be retaining the flexibility to proceed with a Share Purchase Plan (SPP) offering following approval of the SPP by MMJ shareholderson 22 February 2019"
It is clearly stated they are not going to proceed with the SPP at present.
Ann: MMJ Portfolio Update, page-3
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