Shares in AFT Pharma gain on cannabis deal

Tue, 08 Oct 2019

Shares in AFT Pharmaceuticals have risen on the news it has signed a memorandum of understanding to work with medicinal cannabis company SETEK. The NZX-listed company's shares were up 3.38 percent to $3.06 in morning trading after the deal was announced. Taupo-based SETEK is the fourth kiwi company to receive a licence from the Ministry of Health to cultivate and process cannabis for scientific and medical research. It was founded by David Peace and Mark Mees in early 2018, and former MP Peter Dunne sits on its advisory board. AFT c...

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