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Medicinal cannabis group rising funds

June 28, 2023 8:03 am in by

A group behind a medicinal cannabis facility in Mildura is hoping to raise more capital to expand the site.

Cann Group has presented a prospectus to shareholders, with an aim of raising eleven-point-seven million dollars.

Chair Allan McCallum says it wasn’t a light decision by the board to raise capital, but says it’s been driven by a significant business potential of the company and the desire to scale the local facility.

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