Droneshield in trading halt
SHARES in technology company Droneshield have been placed in a trading halt ahead of a capital raising announcement.
Droneshield, which last traded at 33 cents a share, develops technology that detects and interferes with unauthorised drones.
It recently sold its rifle- style handheld device called DroneGun to a G7 country.
DroneGun jams communications between a drone and its pilot and is marketed by the company as being able to combat the increasing use of drones in terrorism.
The company’s shares will remain in a trading halt until Thursday at the latest or when the capital raising proposal is announced, if earlier. MEDICINAL cannabis company Cann Group will start cultivating its first plants within days after receiving permits for Australia’s first commercial cannabis crop.
The Melbourne- based company has been issued with one medicinal cannabis permit and two cannabis research permits from the Office of Drug Control.
Cann said its first plants were expected to be harvested by early August and the permits allowed it to breed plants for propagation purposes, supply plant material for manufacture into medicinal cannabis products and conduct a research program with CSIRO to develop unique cannabis extracts.
Cann listed on the Australian Securities Exchange earlier this month after raising $ 13 million from its initial public offering.