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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Cannasouth needs cash after $3.7m loss

The cannabis company is confident revenue isn't far off, but material uncertainty exists.

Cannasouth is currently processing its first commercial harvest.

Andrew Bevin Wed, 10 Aug 2022

NZX-listed medical cannabis business Cannasouth needs to raise capital in the current quarter to keep the lights on after growing its first-half loss to $3.7 million.

The Waikato business generated income of $1.41m from its Midwest Pharmaceuticals subsidiary in the six months to June 30, compared to

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Andrew Bevin Wed, 10 Aug 2022
Contact the Writer: andrew@nbr.co.nz
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Cannasouth needs cash after $3.7m loss
Investment,
95235
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