Cannasouth shares extend gain as NZX queries rise

Tue, 10 Sep 2019

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...

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