Cannasouth announces much needed capital raise
Medical cannabis company wants to raise $4.1m to take it from startup to revenue-generating business.
Cannasouth recently penned a supply deal worth as much as $15m.
Cannasouth is seeking to raise $4.1 million to make sure it has the capital to get it to a revenue-generating position.
The NZX-listed medical cannabis company reported a $3.7m first-half loss on Wednesday, with cash on hand of $2.59m as at June 30, compared with $5.52m on its full-year balance date
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