The Cann Group Ltd (ASX: CAN) share price has been one of the best performers on the ASX today.
In morning trade the medicinal cannabis company’s shares are up 17% to an all-time high of 84.5 cents.
Today’s move higher is a little bit of a mystery as there hasn’t been any meaningful news out of the company since the end of last month when Cann released its quarterly activities report.
That update revealed that the company will begin to harvest its first plant material from cultivation at its Southern facility in August.
It would appear as though some investors are excited about this harvest and have been fighting to get hold of shares ahead of the release of news relating to it.
Cann Group’s shares have now gained 180% since hitting the ASX boards at 30 cents per share in May.
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