Business
Cann (ASX:CAN) share price shoots 16% higher on positive update
The Cann Group Ltd (ASX: CAN) share price has rocketed up today on news the company has shipped its first order to a supply partner in the United Kingdom. At the time of writing, the Cann share price is up 13.3% at 56 cents after reaching an early high of 57.5 cents.
What did Cann announce?
In today’s release, Cann advised that United Kingdom distribution partner, Astral Health has received its first shipment of medicinal cannabis oil.
Astral Heath, a member of the LYPHE Group, took delivery of the products as part of LYPHE’s participation in Project Twenty21.
The exclusive supply agreement was formed with Astral Health in May 2020. The contract is valid for 5 years and will see Cann provide medicinal cannabis products to LYPHE…
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