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

Cannasouth shares jump on $15m distribution deal

Cannasouth shares were up almost 14% by 1.30pm.

Cannasouth will develop new cultivars for the European market.

Andrew Bevin Thu, 14 Jul 2022

Shares in Cannasouth jumped today after the NZX-listed cannabis business announced a deal with a German pharmaceutical company worth as much as $15 million.

In a note to the exchange this morning, Hamilton-based Cannasouth said it had signed a three-year supply agreement with Weeco Pharma, giving

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Andrew Bevin Thu, 14 Jul 2022
Contact the Writer: andrew@nbr.co.nz
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Cannasouth shares jump on $15m distribution deal
Investment,
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