With its shares suspended from the ASX amid auditor concern over its ability to keep trading, Steve Jones asks what the future holds for Cann Group.
Since taking over from Peter Crock as Cann Group chief executive 14 months ago, Peter Koetsier has struck an optimistic and upbeat tone.
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I don’t see any issue with the business or its strategy, in fact quite the opposite. A big issue has been that local producers have been unfairly competing with importers who haven’t been held to the same standards local producers are forced to adhere to. This creates an uphill battle for any local producer trying to sell product into their own market, especially if they decided not to play in the clinic space due to ethical considerations. The TGA/ODC have been asleep at the wheel, while some unethical importers are laughing all the way to the bank. Let’s test imported products and see what’s really going on. LEVEL THE BLOODY PLAYING FIELD!!!
Not asking for any favours, just for the TGA/ODC to enforce the rules. When certain operators are forced to comply with the regulations, we will be left with a fair and equitable industry for all to compete. This must happen and I look forward to seeing how the tables will turn. Finally, to all the haters of the Mildura glasshouse, I suggest going back to grade 4 and learn some basic math.