Cannasouth has requested an extension to the trading halt on its ordinary shares as it continues discussions with secured convertible note holders and explores restructuring options.
The halt, which was initially placed on Tuesday, will now remain in effect until an announcement is made by Cannasouth regarding the discussions and capital raising, or until the market opens on April 2.
The company said the additional discussions were not expected to conclude on Thursday.
Cannasouth is also engaged in talks with third parties for additional short-term funding.
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