- 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
AusCann: Receives $1.6M tax refund
