Cannasouth looking to raise $3 million

Wed, 15 Apr 2020

Listed medicinal cannabis company Cannasouth hopes to raise $3 million under a share purchase plan to its shareholders. The company, which raised $10 million through its NZX-listing last June, says it aims to accelerate development of its initiatives under New Zealand’s medicinal cannabis scheme which became effective 1 April. Those initiatives include the launch of “white label” medicinal cannabis products, expansion of its Midwest Pharmaceutics business, after it acquired a 60 percent stake in October last year, and cannabinoi...

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