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

NZTA taps WSP consultant for critical infrastructure job
Infrastructure

NZTA taps WSP consultant for critical infrastructure job

The agency says it doesn't ordinarily do this, but it has a plan to manage conflicts.

Work on first seven roads of national significance begins
Infrastructure

Work on first seven roads of national significance begins

The Govt is prioritising 17 Rons as part of its $22b land transport plan.

Rebecca Howard 05 Jul 2024
Swedish-designed, Chinese-built ferries considered for Cook Strait
Infrastructure

Swedish-designed, Chinese-built ferries considered for Cook Strait

KiwiRail went for something else, but Stena's ferries could be back on the table.

Oliver Lewis 05 Jul 2024
Antarctica NZ abandons 'highly risky' Scott Base rebuild plan
Infrastructure

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan

The Crown entity has reset its Antarctic redevelopment plans.

Oliver Lewis 04 Jul 2024