Cann Global (ASX:CGB) reports sales growth in Australia and Vietnam
  • Global medicinal cannabis, hemp seed and wellness corporation Cann Global (CGB) has reported positive sales growth over FY20
  • The company reported $1.8 million in revenue, which is a 275 per cent increase on the prior year of $481,000
  • This increase was due to the company's expansion into plant-based food products and the purchase of T12 Holdings
  • Cann Global's food division was the strongest this year, recording $1.6 million in revenue, which is a 232 per cent increase from 2019
  • However, the group reported a total loss of around $8 million, which is 13 per cent better than 2019's $9.2 million
  • Cann Global Thailand, which is 55 per cent owned by the company, achieved a first-year profit of $143,250
  • Executive Chairperson, Pnina Feldman, is pleased with the revenue during the current uncertain environment
  • On the market today, Cann remains in the grey and is trading for 0.5 cents per share