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AusCann: Receives $1.6M tax refund

April 22, 2021

AusCann (AC8) has received a refund of $1.6 million from the Australian Taxation Office
The refund is from the Australian Government’s Research and Development Tax Incentive Program
The program distributes a tax incentive to encourage companies to engage in research and development activities that benefit Australia
AusCann’s refund has come from the development of its novel cannabinoid hard-shell capsules
Layton’s appointment commenced on March 18, with the contract ending on the same date in 2024
On the market today, Auscann is up 3.85 per cent and trading at 13.5 cents per share