Cann Group has received an indicative, non-binding, term sheet from New York-based firm Obsidian Global Partners to invest up to A$15 million in the company as part of an equity placement facility.

Cann told the ASX it is also in “active discussions with several interested parties to provide additional funding to the company to fund its operations as it continues to scale up its facility and become a profitable business”. 

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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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