What are everyone’s thoughts on Cann’s cumulated tax benefit with the ATO? I personally thought that the estimated almost $30M in tax benefit was quite significant, and hadn’t really seen it mentioned anywhere. It would certainly put a dent in the NAB loan!
Below excerpt from Half Year Report (released 8th May ‘24):
“The balance of future income tax benefit estimated to be $2.74 million (30 June 2023 $7.29 million) arising from current half year tax losses of $14.34 million (30 June 2023 $33.79 million) and timing differences has not been recognised as an asset because it is not clear when the losses will be recovered. The cumulative future income tax benefit estimated to be $29.37 million which has not been recognised as an asset…”
CAN Price at posting:
3.1¢ Sentiment: None Disclosure: Held
