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.
Read the full article on The Market Herald
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