Cannasouth Limited (NZX:CBD) has launched a Capital Raise of up to $9 million in support of the proposed merger with Eqalis.
The Offer opens on Monday 1st May 2023 and is available to existing Cannasouth and Eqalis shareholders, and non-shareholders resident in New Zealand.
Firm commitment subscription agreements of $5.1 million have been received by the Company to date.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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