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Cannasouth announces much needed capital raise

Medical cannabis company wants to raise $4.1m to take it from startup to revenue-generating business.

Cannasouth recently penned a supply deal worth as much as $15m.

Andrew Bevin Fri, 12 Aug 2022

Cannasouth is seeking to raise $4.1 million to make sure it has the capital to get it to a revenue-generating position.

The NZX-listed medical cannabis company reported a $3.7m first-half loss on Wednesday, with cash on hand of $2.59m as at June 30, compared with $5.52m on its full-year balance date

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Andrew Bevin Fri, 12 Aug 2022
Contact the Writer: andrew@nbr.co.nz
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Cannasouth announces much needed capital raise
Investment,
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