Cannasouth unveils $5m convertible note offer
Three of the company’s directors have already subscribed for $1m worth of notes that will pay 15% per annum.
Cannasouth’s Waikato facility.
NZX-listed medicinal cannabis firm Cannasouth will look to plug its funding gap through the issue of $5 million worth of secured convertible notes.
The announcement comes after the company signaled back in early October that it would need a capital injection to address its “constrained cash
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