Medical Kiwi cannabis firm closes in on initial crowdfunding target

Medical Kiwi cannabis firm closes in on initial crowdfunding target
Brent Melville
Medicinal cannabis and nutraceutical start up Medical Kiwi kicked off its $3 million crowdfunding campaign on PledgeMe yesterday, securing more than $401,000 from 178 investors by early afternoon today. Pledges had hit $120,000 within the first hour, of a baseline target of $500,000, said Aldo Miccio, chair of the Nelson-based company. The firm wants to raise $2 million on the PledgeMe site, and another $1 million from wholesale investors, representing a combined 8.43 percent of the company, and valuing it at $35.6 million. Shares are...

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