For anyone interested....... two analysts have the stock as a...

For anyone interested....... two analysts have the stock as a 'speculative Buy'

Cann Group falls further

Shares in cannabis grower Cann Group are down a further 30 per cent to 52¢ today, but were as high as $2 just three months ago.

In October the company told shareholders it was still building a $184 million cannabis growing facility in Mildura that could produce 70,000 kilogram of dried flower per year with a potential revenue of between $220 million and $280 million.

Then a month later it advised it was taking a ''staged'' approach to the facility, which has already cost $47 million, and would start off growing 25,000 kg of dried cannabis flower so that ''production capacity more closely matches anticipated growth in demand for medicinal cannabis''.

There are only two analysts covering the stock and both have the stock as a 'speculative buy'.

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