
Cannasouth says it will spend the money on delivering flower sales, domestic distribution of cannabis products, expanding production, and laboratory support.

Rakon expects underlying earnings of between $36m and $44m.
Reserve Bank governor Adrian Orr says Māori are at risk of missing out on the full benefits of the financial system.
Kiwibank will start offering preferential interest rates on sustainable loans for eligible business banking customers – regardless of their industry – to help New Zealand businesses implement sustainable initiatives.The bank has partnered with the sustainable software company Cog...
David Strong left the job on Friday.
Ex-Vodafone NZ boss Russell Stanners is part of the lineup for the board of the newly-merged Vocus NZ and 2degrees.
The retailer said it would report a 4% decline in first-half profit but second quarter sales were up 3.5% at $191.7m.
The company owns and operates The Hub Hornby Shopping Centre in Christchurch.
The shares have dropped about 20% since Third Age Health Services sought to liquidate a company with a similar name.
Business demand for credit was down 12% in July compared with July last year while mortgage applications were down 29%.
All customers who were affected will be included in the legal action, unless they specifically opt out of it.
The mobile phone marketing company will continue to provide McDonald’s with its platform for a further five years.