Cannasouth looks to ASX listing, access to Aussie money

Mark Lucas said a dual listing made sense, given Cannasouth's intention to expand its Australian business. (Image: NZME)

Staff reporters

Fri, 04 Aug 2023

Cannasouth slipped 4.76% to 20 cents in early trade Friday after it said it would seek a foreign-exempt listing on the Australian securities exchange (ASX).The company, which in June 2019 became the first of three medicinal cannabis firms to publicly list on the New Zealand stock exchange (NZX), said its board had approved the dual listing to diversify its shareholder base and enable Australian and other investors to participate in the "Cannasouth journey".Specifically, a listing across the Ditch would enhance shareholder value by pro...

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