Cann Group is aiming to raise another A$8 to $10 million via a share purchase plan to expand GMP manufacturing capabilities in Mildura, while putting its Southern facility on the market.
Eligible shareholders will have the opportunity to apply for a minimum $500 and a maximum $30,000 of new shares at a discounted rate of $0.22 each (an 18.5% discount on the October 24 closing price of $0.27).
Shares closed at $0.23 on October 25.
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