I'd suggest just some profit taking, especially given Cann has recently placed $60m to instos at $2.50. Others in the space aren't off so sharply, some even up, and for the first time in a long time AC8 has edged ahead on market cap. Given CAN's stronger position/first mover advantage and outstanding cash balance, I'd suggest it will recover, or maybe others will come back to meet it.
I'd suggest just some profit taking, especially given Cann has...
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Mkt cap ! $27.12M | |||
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| CAN (ASX) Chart |
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