Cann Global (ASX:CGB) enters trading halt for upcoming cap raise

• Cann Global (CGB) has entered a trading halt ahead of an upcoming capital raise
• The company will remain in the halt until the earlier of December 9 or when the announcement is made
• In October, Cann Global announced it will launch uniquely-formulated cannabis products into Australia through its joint venture with Canntab Therapeutics
• These products contain a mixture of tetrahydrocannabinol and cannabidiol formulations
• Furthermore, the company confirmed it had received an import permit to allow distribution into Australia for the first time
• Shares in Cann Global have been trading at 0.6 cents since December 3

Cann Global (CGB) has entered a trading halt in ahead of an upcoming capital raise.

The company will remain in the trading halt until the earlier of December 9 or when the announcement is made.

Cann Global is yet to announce how much it is aiming to raise or what it will use the funds for.

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