Bay of Plenty-based medicinal cannabis firm Eqalis raises $6m
Company predicts it will be ‘cashflow positive’ by middle of 2023.
Eqalis strategy and operations leader David Macaskill.
Local medicinal cannabis firm Eqalis Pharmaceuticals has received great support during its latest capital raise.
The company raised $6 million from existing and new investors and was now working with its shareholders to approve up to $2m in oversubscriptions.
It was the company’s sixth funding
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