The Cann Group Ltd Share Price is Up 63% Since Its IPO

The Cann Group Ltd share price is up 63% since its IPO

Flickr / Christina Welsh / (CC BY-ND 2.0)

Thanks to a 2% gain to 49 cents today, the Cann Group Ltd (ASX: CAN) share price has now risen over 63% since hitting the ASX boards.

The medicinal cannabis company landed on the Australian share market on May 5 with a listing price of 30 cents per share.

Although its shares have provided investors in its IPO with strong gains, it is worth noting that investors that bought in at its peak of 82 cents would be sitting on a paper loss of 40% today.

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