Business
Cann (ASX:CAN) share price lower on cyber attack update
The Cann Group Ltd (ASX: CAN) share price was out of form on Monday.
The cannabis company’s shares fell 3.5% to 55 cents.
This latest decline means the Cann share price is now down a disappointing 56% from its 52-week high.
Why is the Cann share price on the slide today?
The Cann share price came under pressure despite the release of two announcements.
This first, covered in more detail here, reveals that the company has signed a partnership with Emyria Ltd (ASX: EMD).
That partnership will see the two parties work together to accelerate the registration of a unique, low-dose, cannabidiol (CBD) only capsule with Australia’s Therapeutic Goods Administration (TGA).
What was the second announcement?
This afternoon Cann also…
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