Cann Group Ltd (STU:CVJ)

€ 0.022 -0.003 (-12%) Market Cap: 14.56 Mil Enterprise Value: 57.90 Mil PE Ratio: 0 PB Ratio: 1.60 GF Score: 0/100

Half Year 2021 Cann Group Ltd Earnings Call Transcript

Feb 22, 2021 / 02:30AM GMT

Release Date Price: €0.395823 (-0.57%)

Transcript

Matthew Wright

Thanks to everyone for standing by, and welcome to the Cann Group 2021 Half Year Results Investor Webinar. (Operator Instructions) Presenting on behalf of Cann Group today, we have the CEO, Peter Crock; and COO, Shane Duncan. The presentation today will last approximately 10 to 15 minutes, with ample time for the Q&A session thereafter.

I will now hand over to Peter. Please go ahead.

Peter Crock

Cann Group Limited - CEO

Thank you, Matt, and welcome, everyone, to Cann's half year results presentation. Reflecting on what has been a tough 2020 for everyone, Cann has remained focused on executing on our strategy and have made really important headway in the first half. Our headline numbers show revenue from customers of $1.1 million and the first significant R&D grants contributed to other income, which brought our total revenue for the half to $5.2 million. We maintained a focus on headcount and corporate costs and saw lower expenses in those areas year-on-year. And it was a ramp-up in manufacturing that contributed to the total

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