Buyers coming back into the action after a positive news release

Potential Buy Entry Alert to Watch CAN

Time Frame : Daily/Weekly

Sector : Pharmaceuticals, Biotechnology and Life Sciences

Key Stats : $246.06 Million Market Cap, VWAP 2.34, ASX Ranking 517, 4 Week Av Turnover $660,733, Current Turnover (Intraday as at time of alert) $167,941.

Company Overview : Cann Group Limited (CAN) is the first Australian company focused on breeding, cultivating and manufacturing medicinal cannabis for sale and use within Australia. The company has established research and cultivation facilities in Melbourne and is striving to provide access to medicinal cannabis for Australian patients.

Broker Consensus : BUY

CAN – Cann Group Limited

CAN may be coming back into favour with buyers as a recent positive news announcement kicked price higher on good volume. We are now watching for signs that the buying will continue and take price up to attack highs. Price is a little extended at current levels so we want to see some minor higher lows above 2.00 to build the buy entry setup.

Stock Code : CAN – Cann Group Limited

Company Website : www.canngrouplimited.com

Current Price : 2.33

Status : On watch for potential higher low