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Cannasouth seeks placement as retail offer falls $1.5m short

The company didn't raise enought to satisfy a condition of cultivation joint venture acquisition.

Andrew Bevin Tue, 03 Aug 2021

NZX-listed Cannasouth's recently completed capital raise generated just $4.5m of the $6m needed to secure its cultivation joint venture acquisition and needs a $1.5m placement to buy out its cultivation joint venture partner.

In early July, the medical cannabis company announced a capital raise

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Andrew Bevin Tue, 03 Aug 2021
Contact the Writer: andrew@nbr.co.nz
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Cannasouth seeks placement as retail offer falls $1.5m short
General Business,
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