Canopy Growth Offloads Stake in AusCann

  • Oct 15, 2019 AEDT
  • Team Kalkine

AusCann Group Holdings Limited (ASX: AC8) had notified that Canopy Growth Corporation has sold its 13.2% interest in AC8, equating to approximately 42 million shares.

  • Sale was conducted in an off-market transaction.
  • Majority (11.43%) was acquired by Merchant Funds Management Pty Ltd.
  • Canopy would continue to collaborate with AusCann.
  • AusCann remains committed to pharmaceutical product development.

By 1:41 PM AEST, AC8 was trading at $0.277, down by 10.6% relative to the last close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK