Cann Group has announced a A$24.3m capital raise, while acknowledging progress in building its new production facility outside Mildura has slowed due to Covid-19.

The company entered into a trading halt on Wednesday pending further details of the capital raise. Today, it announced a Placement and Share Purchase Plan to provide working capital for its near-term growth plans.

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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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