October 17, 2017 5:28 PM ET

Pharmaceuticals

Company Overview of AusCann Group Holdings Ltd

Company Overview

AusCann Group Holdings Ltd produces and sells clinically validated cannabis medicines. The company offers its products to patients in Australia and for export to a range of importers. The company was formerly known as TW Holdings Limited and changed its name to AusCann Group Holdings Ltd in January 2017. AusCann Group Holdings Ltd is based in Carabooda, Australia.

85 Carabooda Road

Level 3

Carabooda, WA 6033

Australia

Phone:

61 8 9561 8834

Fax:

61 8 6255 5031

Key Executives for AusCann Group Holdings Ltd

MD & Director
Total Annual Compensation: A$159.2K
Executive Director
Age: 47
Total Annual Compensation: A$50.0K
Compensation as of Fiscal Year 2017.

AusCann Group Holdings Ltd Key Developments

AusCann Group Holdings Ltd. Announces Audited Consolidated and Parent Earnings Results for the Year Ended June 30, 2017

AusCann Group Holdings Ltd. announced audited consolidated and parent earnings results for the year ended June 30, 2017. For the year, on consolidated basis, the company reported interest revenue of AUD 98,584 against AUD 57,257 a year ago. Loss before income tax expense was AUD 14,137,177 against AUD 5,811,072 a year ago. Net loss for the year was AUD 14,137,177 against AUD 5,811,072 a year ago. Basic and diluted loss per share was 0.92 cents against 0.29 cents a year ago. Net cash used in operating activities was AUD 2,948,375 against AUD 397,753 a year ago. For the year, on parent basis, the company reported loss of AUD 39,172,520 against AUD 652,426 a year ago.

AusCann Group Holdings Ltd Announces Unaudited Consolidated Earnings Results for the Year Ended June 30, 2017

AusCann Group Holdings Ltd. announced unaudited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported loss before income tax expense of AUD 13,759,741 against AUD 5,811,072 a year ago. Net loss for the year was AUD 13,759,741 against AUD 5,811,072 a year ago. Basic and diluted loss per share was 0.90 cents against 0.29 cents a year ago. Net cash outflow from operating activities was AUD 2,948,375 against AUD 397,753 a year ago.

AusCann Group Holdings Ltd Replaces BDO Audit (WA) Pty Ltd with PKF Mack as Auditor

AusCann Group Holdings Limited announced that PKF Mack, has been appointed as auditor for the company. This appointment follows the resignation of BDO Audit (WA) Pty Ltd, and ASIC's consent to the resignation in accordance with s329(5) of the Corporations Act 2001. The Board selected PKF Mack to replace BDO as the company's auditors for the financial year commencing 1 July 2016 and subsequent financial years based upon its expertise and to reduce costs associated with the audit.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 19, 2017
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