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Hot Topic Budget 25
Investment
3 mins to read

Cannasouth falls well short of capital raise target

The company sought up to $5.6m but raised $1.4m.

Cannasouth's Waikato facility.

NZX-listed medicinal cannabis firm Cannasouth has raised approximately $1.4m from investors through its rights issue.

The company sought up to $5.6m when it announced the retail offer on November 13. It came less than two weeks after it went public with a $5m secured convertible notes offer which

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Nicholas Pointon Wed, 13 Dec 2023
Contact the Writer: nicholas@nbr.co.nz
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Cannasouth falls well short of capital raise target
Investment,
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