Cannasouth issues shares to fund cultivation facility

Cannasouth issues shares to fund cultivation facility
Paul McBeth
By Paul McBeth Aug. 14 (BusinessDesk) - Cannasouth will raise another $1 million from an issue of new shares, just two months after its initial public offer, to fund a joint venture to build and own a cannabis cultivation facility.  The medicinal cannabis research firm, which isn't earning any revenue, is partnering with Kapiti-based business owner Aaron Craig, via his family's Tokomaru Horticulture Industries entity, to establish a new company to build and operate a medical cannabis and hemp cultivation and production facility in Waikato...

More Infrastructure

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Oliver Lewis 14 Mar 2025
Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025