Medical Cannabis Group Debuts on ASX

Today AusCann Group Holdings Limited (ASX:AC8) commenced trading on ASX after a reverse takeover of TW Holdings Limited and a successful $5 million capital raising.  The company has partnerships with leading Canadian company Canopy Growth Corporation and Chile’s Fundacion Daya.

The transaction involved a takeover bid by TW Holdings for its now-subsidiary AusCann Group Holdings, as well as a full re-compliance process under Chapters 1 and 2 of the ASX Listing Rules.  The listed company was assisted through the nine-month merger process by Blackwall Legal.

Read more about AusCann here.