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Cann Group Limited (CAN) Quote

Cann Group Limited (CAN)

0.042

0.002

(5.00%)

Closed December 07 12:00AM

Delayed by 20 minutes

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Current Price

0.042

Bid

0.039

Ask

0.042

Volume

1,524,124

0.038 Day's Range 0.042

0.027 52 Week Range 0.135

Market Cap

Previous Close

0.04

Open

0.039

Last Trade

Last Trade Time

Financial Volume

-

VWAP

-

Average Volume (3m)

1,091,532

Shares Outstanding

437,482,111

Dividend Yield

-

PE Ratio

-0.34

Earnings Per Share (EPS)

-0.12

Revenue

19.07M

Net Profit

-51.24M

Sector

Medicinal Chems,botanicl Pds

Industry

Medicinal Chems,botanicl Pds

Website

www.canngrouplimited.com

Headquarters

Melbourne, Victoria, Aus

Founded

-

Cann Group Limited is listed in the Medicinal Chems,botanicl Pds sector of the Australian Stock Exchange with ticker CAN. The last closing price for Cann was AUD0.04. Over the last year, Cann shares have traded in a share price range of AUD 0.027 to AUD 0.135.

Cann currently has 437,482,111 shares outstanding. The market capitalization of Cann is AUD17.50 million. Cann has a price to earnings ratio (PE ratio) of -0.34.

EnWave and Aurora Cannabis Sign Commercial Royalty-Bearing License for Australia and Sublicense with Cann Group Limited

VANCOUVER, British Columbia, Oct. 22, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) reports today that EnWave and Aurora Cannabis Inc. (“Aurora”...

Period	Change	Change %	Open	High	Low	Avg. Daily Vol	VWAP
1	-0.006	-12.5	0.048	0.049	0.038	688899	0.04376031	DE
4	-0.008	-16	0.05	0.059	0.038	563782	0.04659974	DE
12	0.005	13.5135135135	0.037	0.135	0.037	1091532	0.05973968	DE
26	-0.009	-17.6470588235	0.051	0.135	0.027	1096117	0.047163	DE
52	-0.068	-61.8181818182	0.11	0.135	0.027	906664	0.052246	DE
156	-0.248	-85.5172413793	0.29	0.435	0.027	558296	0.15770586	DE
260	-0.418	-90.8695652174	0.46	1.835	0.027	928970	0.44872973	DE

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Bigman7100xxx

Bigman7100xxx 7 years ago

Thank you greedyboy,

Everything you stated was correct, yes a definite risk for sure, but as a major stock holder in Aurora I know that Aurora has plans for that second license in Australia and the Austrian's are pushing hard.

Now if that comes through? Aurora will dispatch Larsen to expand the new license and also new expansion on the existing license.

There are many ways Aurora could build out canngroup.GLTY

greedyboy

greedyboy 7 years ago

Hi,
As this board has moderate frequency I would like to share some infos I know about this company. Happy to discuss.

This company is one of two listed companies which is allowed to produce and sell medical marijuana. The other one is "the hydroponics company (AU000000THC4). I don't know how hard it is to get a license in Australia, but since they are listed, they receive a lot of capital through the financial market to fund the operations and to increase market share. I do not see major competition-threat.

But! Cann Group get backed by Aurora. With 16% ownership, they must have a significant voice in management. 35% of shares are hold by management and other institutions. the rest is floating. This numbers are pre-placement. So I didn't calculate the new onwership-structure after the placement of 60mln. But still. 50% held by instis? this is a huge number and makes this share very sensitive in aspect of price changes. This is not always a good thing, but this stock has kind of a floor @2,50 AUD (price of new shares) too. Of course they can't absorb to much bad news, but it helps.

But there is one argument which makes me nervous. Valuation relative to the time the company is listed. Cann is still in the developing stage, and has 250mln USD valuation? This is a very high premium. thats double of the valuation canopy had , when they started to make revenue. But Cann Group did not publish any forecasts... I hope the ownership and competition argument cost that much.

Sorry for bad english. Disclaimer: I am long ;)

Bigman7100xxx

Bigman7100xxx 7 years ago

Yes sorry that is correct, I was thinking something else when wrote that, sorry, but
I do still expect AURORA to fast track the company's investment forward should make a huge difference now that Aurora is with them. Glty

BubbaInSC

BubbaInSC 7 years ago

it's my understanding they own about 20% of Cann Group

Bigman7100xxx

Bigman7100xxx 7 years ago

Yes they are owned by AURORA and they will get investment from Aurora.

BubbaInSC

BubbaInSC 7 years ago

Didn't They Just Raise $60 Mil mostly via Aurora?

Bigman7100xxx

Bigman7100xxx 7 years ago

I think with proper backing they could be very effective company.

ernie44

ernie44 7 years ago

profit taking on moderate volume---radar on

Bigman7100xxx

Bigman7100xxx 7 years ago

This site would be a great site to visit once in a while if anyone needs to talk about what's going on in the Canadian pot issues, welcome come all!!!!

Bigman7100xxx

Bigman7100xxx 7 years ago

I am going to use this board for off topic talk, everyone is welcome here to talk about all companies connected to Aurora

Bigman7100xxx

Bigman7100xxx 7 years ago

Cann Group is owned by Aurora?

Bigman7100xxx

Bigman7100xxx 7 years ago

Is anyone following this board?

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