New Risk • Mar 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (32% accrual ratio). Shareholders have been substantially diluted in the past year (191% increase in shares outstanding). Market cap is less than US$10m (AU$11.1m market cap, or US$7.86m). Announcement • Dec 05
Cann Group Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million. Cann Group Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million.
Security Name: Ordinay Shares
Security Type: Common Stock
Securities Offered: 120,395,238
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Security Name: Ordinay Shares
Security Type: Common Stock
Securities Offered: 444,822,153
Price\Range: AUD 0.0115
Discount Per Security: AUD 0.00069
Transaction Features: Subsequent Direct Listing Announcement • Oct 29
Cann Group Limited, Annual General Meeting, Nov 28, 2025 Cann Group Limited, Annual General Meeting, Nov 28, 2025. Location: hwl ebsworth lawyers, level 8, 447 collins street, melbourne, vic 3000, melbourne Australia