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Financially-strapped Rua Bioscience to raise $3.1m in new capital

Board chair Anna Stove assures shareholders it is ‘no longer at proof of concept’.

Rua Bioscience chair Anna Stove.

NZX-listed medicinal cannabis company Rua Bioscience is to raise $3.1 million in new capital to fund the business to a self-sustaining position by the 2026 financial year.

At its annual meeting held virtually today, the board sought shareholder approval to “imminently” issue 37.3 million new

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Fiona Rotherham Mon, 04 Nov 2024
Contact the Writer: fiona@nbr.co.nz
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Financially-strapped Rua Bioscience to raise $3.1m in new capital
Investment,
106541
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