CAN 4.17% 5.0¢ cann group limited

URGENT: Construction works stop at Mildura

  1. 57 Posts.
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    Ha bankruptcy imminent... we’ve heard from the horses mouth that they’re looking to revise the plans on the site. Why would they just continue building the facility at current spec? The utter hysteria in here amazes me. A lot of green on the international markets this morn. Hopefully the sentiment extends here and all the drivel is put on hold for a few hours.
  2. 72 Posts.
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    I would have thought that if either construction had halted for this long and / or insolvency were imminent, management would have been obliged to publicly report this under continuous disclosure rules. But the last we heard from them was a completely unrelated announcement on 7th November in relation to a distribution agreement with Symbion.
 
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