Overview of Cann Group's response to ASX price query

Cann Group Limited (ASX:CAN) has responded to ASX's letter dated 30 September 2024, addressing the change in the price of the Company's securities and the increase in trading volume. The company confirmed that it is not aware of any undisclosed information that could explain the recent trading in its securities. Additionally, Cann Group affirmed its compliance with the Listing Rules and the authorization of its responses under the continuous disclosure policy.

Executive commentary on recent trading and response to ASX

The recent increase in the trading volume and price of Cann Group's securities prompted the ASX to seek clarification. In response, the company highlighted the positive reception of its Investor Presentation and public advertising campaign for the sale and lease-back of its facility in Mildura. Furthermore, Cann Group mentioned its contemplation of raising further capital via a Rights Issue, emphasizing that the terms are still under evaluation. The company's responses have been authorized and approved in accordance with its published continuous disclosure policy.

Summary of Cann Group's response and outlook

Cann Group Limited (ASX:CAN) has promptly addressed ASX's queries regarding the recent trading in its securities. The company clarified that it is not aware of any undisclosed information that could explain the price fluctuation. Moreover, Cann Group reaffirmed its compliance with the Listing Rules and the authorization of its responses under the continuous disclosure policy. Looking ahead, the company's positive reception of recent activities and its contemplation of raising further capital indicate a proactive approach to its corporate strategy.