you're missing the point
CAN was trading low because of a precarious financial position before
Now they have access to a big chunk of money, so that dark cloud has dissipated
any raise is dilutive, especially if it was a placement (which are being done at steep discounts with bucketloads of options these days)
this gives them a chance to put runs on the board and for the note to convert at a better price than a placement if things work out
Ann: Cann Group raises A$2m via Convertible Securities Facility, page-8
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $9.769M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.6¢ | 1.4¢ | $25.02K | 1.687M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1048333 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2864001 | 8 |
View Market Depth
| Last trade - 15.55pm 31/07/2025 (20 minute delay) ? |
| CAN (ASX) Chart |