Cannabis shake up: Cannasouth to merge with Eqalis
The proposed deal will require investors from both companies to agree on $9m capital raise to fund new entity’s working capital.
Cannasouth growing facility.
NZX-listed medicinal cannabis company Cannasouth has entered into a “prospective merger arrangement” with Bay of Plenty cannabis grower Eqalis Group.
While the deal has been called a ‘merger of equals’, Cannasouth would purchase 100% of Eqalis’s shares for $48.8 million via the issue of
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