Business
Cann (ASX:CAN) share price continues to rise despite product recall
The Cann Group Ltd (ASX: CAN) share price is holding its ground today despite announcing a product recall from one of its customers.
During late afternoon trade, the cannabis company’s shares are fetching for 48.5 cents, up 1%. At one point, Cann shares reached an intraday high of 51 cents, before heading lower.
What happened?
Investors appear unfazed by the company’s latest announcement, keeping Cann shares in the green today.
Cann advised that one of its customers has commenced a class III recall for its 50ml medicinal cannabis oil products.
According to the Australian Therapeutic Goods Administration, a class III product…
-
Business21 hours agoThe ultimate Australian stocks to buy and hold for 10+ years
-
Noosa News17 hours agoSouthern NSW farmers call for financial relief as ongoing drought takes a toll
-
Noosa News17 hours agoLNP Premier David Crisafulli announces ‘Queensland’s royal commission’ into CFMEU
-
General23 hours ago‘Hidden and radical’ power of First Nations women unlocked in big hART’s Punkaliyarra project