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Investment
5 mins to read
3

Rua purchases Zalm in $10m equity deal

Rua hopes acquisition of Rob Fyfe-led company will speed up market entrance.

Andrew Bevin Tue, 30 Nov 2021

NZX-listed medical cannabis firm Rua Bioscience has entered into an agreement to buy medical cannabis player Zalm therapeutics for $10 million in equity.

Zalm is a New Zealand-based company chaired by Rob Fyfe and 8.26% owned by a subsidiary of ASX-listed Cann Group.

Rua is issuing the $10m

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Andrew Bevin Tue, 30 Nov 2021
Contact the Writer: andrew@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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