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Cann slashes production estimates at $184M Mildura facility

  1. TheMarketOnline
    7,811 Posts.
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    22/11/19
    13:19
    Post #: 41578647
    • Cann Group has slashed production estimates at its soon-to-be-completed medical cannabis factory in Mildura
    • In August, the company announced it was going to increase the production capacity at Mildura to 70,000 kilograms
    • Now, the first stage of the facility is expected to provide just 25,000 kilograms of the dry flower every year
    • The project is still estimated to cost $184 million
    • Cann is down 2.55 per cent on the market this morning and is trading at 76¢ apiece

    Click here for the entire article on The Market Herald
    CAN Price at posting: 76.5¢ Sentiment: None Disclosure: Not Held
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