News for Cann Group Limited (CAN.AX)

Content Director Patrick Poke of Betashares explores the risks associated with impulsively reacting to investment trends fuelled by media hype, and explain why prudent asset selection, diversification, and maintaining a composed approach are essential for long-term investment success.

Cann Group Limited (OTCPK:CNGGF) Q4 2023 Earnings Conference Call August 27, 2023 9:00 PM ETCompany ParticipantsGeorgina Freeman - Investor RelationsPeter Koetsier - Chief Executive...

Ventia Services shares are up by 1.20% after announcing it has been awarded a five-year contract with the Australian DoD. This is the fourth major contract the company has secured this year.

Today, the ACCC Tribunal blocked an appeal by Telstra and TPG for the proposed MOCN deal between the two. The regional network deal was worth approximately $1.8 billion and would have seen the two telcos share network assets in direct competition with Optus.

Biotech Starpharma has received regulatory approval for its Viraleze product to be used in Malaysia, adding the product to a wider market base that now spans 35 countries as it looks into further COVID-19 studies in the UK.

Bubs has provided a short trading update in the wake of some media speculation encircling former CEO and founder Kristy Carr, who was said to have been creating a stir after the group ousted her and Chairman Dennis Lin.

BetMakers executes strategic operational restructure and accelerates path to profitability, sending shares 20% higher on the stockmarket today.

DroneShield has ramped up operations and production with numerous orders in the pipeline and having received $13.9 million in cash receipts, with a further $2 million coming in tax incentives.

Financial solutions business SmartPay Holdings has returned a 62% increase in revenue on the prior year with $77.8 million, with earnings up 81% and higher profit. Shares were riding in response to the bumper year.

Biotech company Mesoblast has released its Q3 financial report, saying that it cut losses after tax to US$18.6 million from US$21.3 million a year ago. Shares rose more than 4% during the group’s quarter improvement.

Plenti has reported a jump in its revenue, up 62% to $143 million in its full-year results, which the group says is a ‘testament’ to the strength of its technology-led business model and team.

CCX was pummelled in the share market after posting a decline of 15.2% in sales, despite the group’s confidence of expansion and positive earnings growth for the remainder of the full year.

Dusk posts its latest trading update and now expects a decrease in its sales and profits for the remainder of the financial year.

The ASX is expected to fall today as the enhanced possibilities of further rate rises weigh on the minds of investors.

Telehealth, mental health and aged care stocks rallied on Wednesday following the Budget announcement which include billions for healthcare.

New studies have confirmed that medical cannabis helps relieve cancer pain, or side effects from cancer treatment.

The healthcare sector is ripe for disruption and artificial intelligence will play a big part in future drug discovery.

The date April 20th has become an unofficial holiday among cannabis enthusiasts who now call it the World Marijuana Day.

Research finds finds most Australians are still medicating with illicit cannabis, although numbers accessing legal prescription have risen.