BRIAN GAYNOR: Cannabis companies on massive highs

Fri, 28 Aug 2020

New Zealand investors are pouring money into cannabis companies as they anticipate a positive decision from the Oct 17 cannabis referendum.NZX-listed Cannasouth has had a massive run, with its share price more than doubling in the past two weeks, until it crashed in late trading yesterday.Crowdfunding sites are also attracting huge interest with their cannabis fund-raising offerings. Medical Kiwi reached its $2 million target through the Pledge Me crowdfunding platform in just 12 days, giving the company a value of alm...

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