The board members Peter Crock, Neil Belot, Geoff Pearce, Doug Rathbone, Philip Jacobsen and defintely Allan McCallum should be embarrassed. Cann group should be made a case study in what not to do.
With the addition of no secure funding and Mildura site scaled down to produce from the original 70,000 kg to 20,000 kg this stock should not be priced anymore than 25 cents if not lower.
Objectively, for those with an appetite for risk expect the floor for the price to be determined by Monday-Friday COB. See where the market thinks this company should be valued at. DYOR and GL.
If Cann can somehow survive and actually produce a profit in the future then definitely keep an eye out however from what I've seen management took investor's money for a joy ride and got carried away and now the music has stop and this is what we have to show for it. A loss of ~80% of the company's market cap in one year you cannot sugar coat it.
CAN Price at posting:
44.0¢ Sentiment: Sell Disclosure: Held
