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MIL-OSI New Zealand: Cannasouth signs three-year supplier agreement with German-based WEECO Pharma
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Cannasouth deal falls through after $6m capital raise comes up short
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Press Release – Cannasouth Medicinal cannabis company, Cannasouth Limited (NZX:CBD), announced this morning that it has opened a $6 million offer to consolidate its operations to take full advantage of the revenue opportunities ahead of it. Earlier this month, Cannasouth …
Medicinal cannabis company, Cannasouth Limited (NZX:CBD), announced this morning that it has opened a $6 million offer to consolidate its operations to take full advantage of the revenue opportunities ahead of it.
Earlier this month, Cannasouth announced it had entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses, Cannasouth Cultivation Ltd and Midwest Pharmaceutics NZ Ltd. A portion of the capital raised will fund these acquisitions with the balance being used to accelerate other opportunities within the Company.
Monday, 5 July 2021, 9:58 am
Leading medicinal cannabis company, Cannasouth Limited
has today entered into two conditional agreements to acquire
the balance of the stakes that it does not already own in
its cultivation and manufacturing joint venture
businesses.
Acquisition of outstanding interest in
Cannasouth Cultivation Limited
Cannasouth has entered
into a conditional agreement with Aaron Craig and his family
interests (Craig Family Interests) to acquire the remaining
50% stake in Joint Venture business Cannasouth Cultivation
Limited that Cannasouth does not already
own.
Cannasouth Cultivation has built a
state-of-the-art growing and processing facility that will
produce medicinal cannabis flower biomass at highly
competitive production cost. It is energy efficient and more
Press Release – Cannasouth Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of …
Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses.
Acquisition of outstanding interest in Cannasouth Cultivation Limited
Cannasouth has entered into a conditional agreement with Aaron Craig and his family interests (Craig Family Interests) to acquire the remaining 50% stake in Joint Venture business Cannasouth Cultivation Limited that Cannasouth does not already own.
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