Cannabis company Medical Kiwi declined NZX listing
9 Apr, 2021 01:00 AM
6 minutes to read
Medical Kiwi has been denied a listing on the NZX. Photo / 123RF
Cannabis company Medical Kiwi - the subject of ongoing inquiries by the financial markets regulator - has been denied a listing on the NZX. NZ RegCo chief executive, Joost van Amelsfort, responsible for NZX regulation, confirmed the stock exchange has declined Medical Kiwi s application and determined the company is not suitable for a direct listing at this time.
A Financial Markets Authority (FMA) spokesman said its investigations into the company are ongoing.
Medical Kiwi s chairman and executive director, Aldo Miccio, rejected the characterisation that his firm s application has been declined.