Loss: $8.8 million, compared with a $7m loss for the same period last year.
Key Takeaway: The company has a number of capital raising initiatives underway to ensure it can continue as a going concern.
NZX-listed medicinal cannabis firm Cannasouth says it needs more cash to ensure it can continue as a going concern.
The company, which completed a $44.4 million merger with Bay of Plenty rival Eqalis early in June, posted an unaudited net loss of $8.8m for the 12 months ended December, versus a $7m
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