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Cann Group Limited

Cann Group Limited (CAN)

0.031
0.001
(3.33%)
Closed 18 July 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.031
Bid
0.03
Offer
0.031
Volume
1,035,484
0.03 Day's Range 0.032
0.027 52 Week Range 0.19
Market Cap
Previous Close
0.03
Open
0.03
Last Trade
111406
@
0.031
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
1,558,649
Shares Outstanding
437,482,111
Dividend Yield
-
PE Ratio
-
Earnings Per Share (EPS)
-
Revenue
-
Net Profit
-

About Cann Group Limited

Sector
Medicinal Chems,botanicl Pds
Industry
Medicinal Chems,botanicl Pds
Headquarters
Melbourne, Victoria, Aus
Founded
1970
Cann Group Limited is listed in the Medicinal Chems,botanicl Pds sector of the Australian Stock Exchange with ticker CAN. The last closing price for Cann was AUD0.03. Over the last year, Cann shares have traded in a share price range of AUD 0.027 to AUD 0.19.

Cann currently has 437,482,111 shares in issue. The market capitalisation of Cann is AUD13.12 million.

CAN Latest News

No news to show yet.
Period †ChangeChange %OpenHighLowAvg. Daily VolVWAP
1000.0310.0330.0310747490.03105846DE
4-0.007-18.42105263160.0380.0390.02714116430.03157954DE
12-0.028-47.45762711860.0590.0590.02715586490.03767186DE
26-0.065-67.70833333330.0960.0970.0279861590.04729524DE
52-0.094-75.20.1250.190.0275207300.07309531DE
156-0.369-92.250.40.4350.0275633780.22557698DE
260-2.079-98.53080568722.112.350.0279093180.52426506DE

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CAN Discussion

View Posts
Bigman7100xxx Bigman7100xxx 7 years ago
Thank you greedyboy,

Everything you stated was correct, yes a definite risk for sure, but as a major stock holder in Aurora I know that Aurora has plans for that second license in Australia and the Austrian's are pushing hard.

Now if that comes through? Aurora will dispatch Larsen to expand the new license and also new expansion on the existing license.

There are many ways Aurora could build out canngroup.GLTY
👍️0
greedyboy greedyboy 7 years ago
Hi,
As this board has moderate frequency I would like to share some infos I know about this company. Happy to discuss.

This company is one of two listed companies which is allowed to produce and sell medical marijuana. The other one is "the hydroponics company (AU000000THC4). I don't know how hard it is to get a license in Australia, but since they are listed, they receive a lot of capital through the financial market to fund the operations and to increase market share. I do not see major competition-threat.

But! Cann Group get backed by Aurora. With 16% ownership, they must have a significant voice in management. 35% of shares are hold by management and other institutions. the rest is floating. This numbers are pre-placement. So I didn't calculate the new onwership-structure after the placement of 60mln. But still. 50% held by instis? this is a huge number and makes this share very sensitive in aspect of price changes. This is not always a good thing, but this stock has kind of a floor @2,50 AUD (price of new shares) too. Of course they can't absorb to much bad news, but it helps.

But there is one argument which makes me nervous. Valuation relative to the time the company is listed. Cann is still in the developing stage, and has 250mln USD valuation? This is a very high premium. thats double of the valuation canopy had , when they started to make revenue. But Cann Group did not publish any forecasts... I hope the ownership and competition argument cost that much.

Sorry for bad english. Disclaimer: I am long ;)
👍️0
Bigman7100xxx Bigman7100xxx 7 years ago
Yes sorry that is correct, I was thinking something else when wrote that, sorry, but
I do still expect AURORA to fast track the company's investment forward should make a huge difference now that Aurora is with them. Glty
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BubbaInSC BubbaInSC 7 years ago
it's my understanding they own about 20% of Cann Group
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Bigman7100xxx Bigman7100xxx 7 years ago
Yes they are owned by AURORA and they will get investment from Aurora.
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BubbaInSC BubbaInSC 7 years ago
Didn't They Just Raise $60 Mil mostly via Aurora?
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Bigman7100xxx Bigman7100xxx 7 years ago
I think with proper backing they could be very effective company.
👍️0
ernie44 ernie44 7 years ago
profit taking on moderate volume---radar on
👍️0
Bigman7100xxx Bigman7100xxx 7 years ago
This site would be a great site to visit once in a while if anyone needs to talk about what's going on in the Canadian pot issues, welcome come all!!!!
👍️0
Bigman7100xxx Bigman7100xxx 7 years ago
I am going to use this board for off topic talk, everyone is welcome here to talk about all companies connected to Aurora
👍️0
Bigman7100xxx Bigman7100xxx 7 years ago
Cann Group is owned by Aurora?
👍️0
Bigman7100xxx Bigman7100xxx 7 years ago
Is anyone following this board?
👍️0

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