** Shares of Cann Group CAN.AX fall 22.2% to A$0.021

** Stock fell as much as 29.6% to a record low of A$0.019 earlier

** Cannabis products supplier to raise A$712,000 ($426,844.00) via a private placement at 1.7 Australian cents per share

** Issue price represents a 37% discount to stock's last close

** Stock down 43.6% this year, including the day's move

($1 = 1.6681 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com;))