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Phytotecnia's big play into cannabis is baby steps

Brent Melville
Tue, 12 Jan 2021

Brent Melville
Tue, 12 Jan 2021
Medicinal cannabis start-up Phytotecnia received a cannabis cultivation commercial licence in its Christmas stocking and has more than  1,000 plants in cultivation at its Te Horo site on the Kāpiti Coast.That's right on schedule, according to the firm's information memorandum, published as part of its Pledgeme equity raising. It has put up a 25 percent stake to raise as much as $2 million at $1 a share, valuing the firm at $8 million.In the context of a sector that is really at the starting gate and has raised most of its money on...

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