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…
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