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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.