Cannasouth shares extend gain as NZX queries rise

Cannasouth shares extend gain as NZX queries rise
Gavin Evans
By Gavin Evans Sept. 10 (BusinessDesk) - Shares of medicinal cannabis research firm Cannasouth rose a further 10 percent today as it said it is complying with its disclosure obligations under NZX listing rules. The firm, which raised $10 million in a June share float priced at 50 cents each, was responding to a price inquiry from the stock exchange operator. NZX noted Cannasouth shares had risen from 40.5 cents at the close of trading on Sept. 2, to 75 cents last night, an increase of 85.2 percent. More than 2.2 million shares changed...

More Retail

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025