Cann Group has gone into a voluntary trading halt pending the release of an announcement regarding a capital raise.

Last month, the company announced it had doubled revenue to just over A$4 million in Q1 FY24, but it was asked by the ASX to explain how it intended to fund the business given concerns around its cash position.

UPDATE (November 21, 2023): Cann Group inks deal to raise A$2m with more funds on the horizon.

Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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