Green light for third cannabis startup on NZX

Greenfern to become third cannabis firm to list (Image: Supplied)

Mon, 18 Oct 2021

Greenfern Industries (GFI) will quietly list on the NZX this Thursday although it won't raise any funds in the process.The Taranaki-based cannabis and hemp food company will list 84.3m shares at 25 cents each, giving it an implied market capitalisation of about $21 million. It becomes the third listed medicinal cannabis company after Cannasouth and Rua Biosciences, which both trade around the 40c level with market capitalisations of $54.3m and $57.4m respectively.GFI managing director Dan Casey said the compliance listing will let the...

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