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24 May 2019 18:51
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  •   Home > News > Business

    A cannabis research and development company is hoping to raise up to 10 million dollars and list on the sharemarket

    A cannabis research and development company is hoping to raise up to 10 million dollars and list on the sharemarket


    It would be the first initial public offer in two years.

    Despite a booming sharemarket over recent years, the NZX has been in a listing drought.

    Cannasouth, a biopharmaceutical company based at the Waikato Innovation Park in Hamilton, is hoping to break the dry spell with a capital raise and listing next month.

    CEO Mark Lucas says it's unusual for a company to list without having any revenue stream - but he's banking on investors seeing the potential.

    © 2019 Newstalk ZB, NZCity


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