Cannasouth has requested a trading halt on its ordinary shares, citing a dispute with some of its secured convertible note holders.
The company said the trading halt was necessary to facilitate discussions with the note holders and shareholders in order to resolve the dispute and secure funding.
Cannasouth is currently in the process of finalising and announcing an urgent additional capital raise, as it has a pressing need for funding to remain solvent.
The trading halt will remain in place until an announcement is made by Cannasouth regarding the discussions and capital raising, or until the market opens on March 28 2024.
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