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Green light for third cannabis startup on NZX

Brent Melville
Mon, 18 Oct 2021

Green light for third cannabis startup on NZX
Greenfern to become third cannabis firm to list (Image: Supplied)
Brent Melville
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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