Cannasouth issues shares to fund cultivation facility

Tue, 13 Aug 2019

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...

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