AusCann Group Holdings (ASX:AC8) 1H18 results


by Jessica Amir

AusCann Group Holdings Limited (ASX:AC8) Managing Director, Elaine Darby provides an update on the company's significant progress with its supply chain, industry outreach program and regulatory progress.

AusCann (ASX:AC8) is the only ASX listed company with all the necessary licences required to grow and manufacture medical cannabis. It's bringing together leading expertise and operations across all aspects of the medical cannabis value chain, beginning with cultivation and production, through to manufacture and distribution of products.

AusCann Managing Director, Elaine Darby says they welcome the decision of the Australian Government to allow the export of medical cannabis out of Australia.

They invested over $2 million in cash and over $2.7 million in share based payments in H1 financial year on research and development. They ended the year with over $12.3 million cash in the bank.

To learn more, listen to our interview with AusCann Managing Director, Elaine Darby.  

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.