A: You could certainly consider a broad based LIC (listed investment company) such as AFI (Australian Foundation) or ARG (Argo). However, if investing for the grandchildren, there are going to be tax and ownership issues to consider.

My preference for the grandchildren is to invest in insurance bonds. Tax paid investments, no complications around tax or ownership (if held for more than 10 years), and you can invoke a child advancement policy. Here is a link to some articles on owning shares for minors and insurance bonds: https://switzerreport.com.au/investing-for-your-kids-or-grandkids/ ; https://switzerreport.com.au/investing-for-your-kids-or-grandkids-part-2/

I don’t understand the last part of the question on the “Cann Group”.