CAN 0.00% 6.2¢ cann group limited

I spoke to Cann today. Easy to get a hold of investor relations...

  1. 57 Posts.
    lightbulb Created with Sketch. 2
    I spoke to Cann today. Easy to get a hold of investor relations (first call) and very open and transparent. My take on the convo;

    - Market has overestimated recreational demand in Canada/US which is driving overall sentiment on cannabis... medicinal is a completely different proposition.
    - No indication that anything will change with aurora at this point despite recent withdrawals of canopy etc at AC8. Aurora still require supply of medicinal as part of offtake agreement.
    - All continuing to go ahead with site at Echuca

    My thoughts; announcement re funding for Echuca immanent and they should look to stagger the development of the Echuca site to help with cash flow/finance with no CR needed.

    I honestly think these guys are the pick of the bunch to supply Australia/NZ with MC and also export as required.

    DYOR
 
watchlist Created with Sketch. Add CAN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.