Trading in Cannasouth halted as stoush threatens capital raise

Cannasouth cultivation facility. (Image: Cannasouth)

Tue, 26 Mar 2024

A stoush between Cannasouth and its secured convertible note holders moved the medicinal cannabis firm into a trading halt on the New Zealand stock exchange (NZX) on Tuesday.Cannasouth said it had asked for the halt, given the potential of the dispute to negatively influence a pending capital raise and ensure that all investors and the market have “equal information” while it completes the discussion before making a market announcement.The company has said more money is needed to remain solvent.The NZX said the halt is expected to r...

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