CAN 4.17% 5.0¢ cann group limited

Why CAN putting dried flower in a bottle is useless

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    Australia's cannabis market is almost purely an oil market with the major brands being:

    Tilray
    Althea
    MGC
    Little Green Pharma

    Under 1% of the market is combustible products and most of the largest doctor networks like Cannvalate won't even touch dried flower as most Australian doctors are repulsed by the idea of prescribing cannabis for smoking.

    Cann Group have clearly done no research on what the market is asking for and they have created a product that has zero market value and will achieve zero market penetration.

    This is capital market storytelling to try and save their plummeting stock price.
 
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