$4,500 a kilogram: Cannasouth tips bud price at AGM

Like a weed: Cannasouth says it has waiting export markets. (Image: Supplied)

Mon, 28 Jun 2021

Cannasouth says it has the capacity to produce about 1,800 kilograms of high grade cannabis annually, worth about $8 million, with first harvests expected early next year.Chief executive Mark Lucas said depending on the variety and cannabinoid profile, current wholesale pricing estimates for its flowers will range between $3,500 per kilogram to as much as $10,000 per kg.The $8m estimate of earnings is based on a $4,500 a kg price being achieved.Speaking at the Hamilton-based firm's annual general meeting today, Lucas said Cannasouth is in n...

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