Cannasouth needs another capital raise this year to survive
Auditor gives the medical cannabis company a going ‘concern tag’ on the basis it can raise more funds.
NZX-listed medical cannabis firm Cannasouth’s classification as a going concern relies on a successful capital raise later this year, but the company is confident it will continue to see market support.
Cannasouth posted a $3.5 million loss in the year to December 31. It had cash on hand of
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