April 30, 2018 / 3:34 AM / 4 months ago

BUZZ-Australia's Cann Group hits 14-wk high; says no takeover bid yet from Aurora Cannabis

** Shares of medicinal cannabis producer Cann Group Ltd jump as much as 18.7 to A$3.55, highest since Jan. 18

** Company says it has not received any proposal for a takeover bid from Aurora Cannabis

** Confirms it has had preliminary discussions with Aurora, but there is no certainty that a formal offer will occur

** Over 1 mln shares change hands, compared with 30-day average volume of 349,639

** Stock posts biggest intraday pct gain in nearly 4 months and is the biggest percentage gainer on the ASX All Ordinaries Index

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