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Australia Cann Group Faces More Questions After Reporting a Bank Balance of -$18,000

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Cann Group revenue fell sharply in the first quarter of FY25 as the company continues to explore short-term financing after revealing it had no cash in the bank at the end of September.

Figures contained in its Q1 report show the firm was A$18,000 overdrawn at the end of the quarter, and had only $115,000 remaining out of $73.5 million worth of financing facilities.

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