Cann Group doubled revenue to just over A$4 million in the first quarter of FY24, but its cash position remains a concern as it was again asked by the ASX to explain how it intends to fund the business beyond the immediate future.

The company said cash receipts from operating activities climbed 87% from the same period last year to $4.5m, noting that demand for flower is “surging ahead of oil products”.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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