Here’s why the Cann Group (ASX:CAN) share price is in a trading halt

Eagle-eyed followers of ASX cannabis shares might have noticed something strange about the Cann Group Ltd (ASX: CAN) share price this morning. It wasn’t going anywhere.

Cann shares closed at 78 cents yesterday after rising more than 36% at one point last week. That comes after the Cann Group share price rose more than 190% between 20 November and 10 February. But 78 cents is where it will stay, at least for now. That’s right in the middle of the company’s 52-week range (29 cents-$1.26).

So what’s going on here?

Well, this morning Cann released an ASX announcement that told investors the company was seeking a trading halt to its shares. The ASX has obliged, meaning the shares won’t be available for trading again until at…