CAN 2.56% 3.8¢ cann group limited

News: CAN Cann Group Expects To Continue Operation Throughout COVID-19 Pandemic

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    April 1 (Reuters) - Cann Group Ltd (CAN) :

    • EXPECTS TO CONTINUE OPERATING THROUGHOUT COVID-19 PANDEMIC
    • CONTINUES TO PROGRESS FUNDING OPTIONS RELATING TO PLANNED MILDURA PRODUCTION FACILITY
    • GIVEN UNCERTAINTY DUE TO COVID-19, MAY NOT MAKE DECISION ON FUNDING UNTIL END OF FINANCIAL YEAR
    • PREVIOUS ESTIMATES ON TIMELINE ASSOCIATED WITH CONSTRUCTION & COMMISSIONING OF MILDURA FACILITY MAYBE IMPACTED BY COVID-19 RELATED DELAYS
    • BELIEVES SUFFICIENT WORKING CAPITAL IS IN PLACE TO SUPPORT CURRENT OPERATIONS UNTIL END OF FINANCIAL YEAR
 
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