Licensing key to medicinal cannabis firm Cannasouth's ambitions

Mon, 20 May 2019

By Paul McBeth May 20 (BusinessDesk) - Medicinal cannabis firm Cannasouth is poised to become NZX's first initial public offering in two years and is touting its ability to secure licences and strong relationships with regulators as selling points. The Waikato-based company wants to raise $5 million from invited investors and another $5 million in a public offer, selling as many as 20 million shares at 50 cents each. Provided it gets at least $5 million, Cannasouth intends to list on the NZX in what will be the stock market's first IPO s...

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