CAN 4.00% 4.8¢ cann group limited

CAN is the Only future aus viable Big producer on the asx out of any1 really and will be Supported, page-31

  1. 691 Posts.
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    Mwilson25 - thank you for speaking to CAN Investor Relations and answering the questions we all had. In summary, you have aid:

    1. Mildura facility at Lock-Up stage but needs full fit out

    2. The Aurora agreement does not guarantee any sales

    3. Bank finance is not approved yet


    So we still need to spend millions to complete the facility, we have no guaranteed take-off agreement sales and we have no bank finance to pay the builder.

    This confirms the two options we have left:

    1. Capital Raise at significant discount to List Price
    2. Voluntary Administration
 
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