News | Business
26 Aug 2019 5:44
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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


     Other Business News
     25 Aug: Regional Economic Development Minister Shane Jones is calling provincial growth funding for Invercargill a game changer
     25 Aug: A Maori group says it'll take its legal battle over Sydney's largest business district to Australia's highest court
     24 Aug: A new commute option's on the horizon for Huntly
     24 Aug: An opportunity for aunty's special sauce recipe to go commercial
     23 Aug: Hamilton's Mayor's praising the Government for keeping a pre-election promise
     23 Aug: The company behind local Peanut Butter company Pic's is getting a big funding boost from the Provincial Growth Fund
     23 Aug: Kiwibank's profit has fallen, with lower fees hitting the state-owned bank's income
     Top Stories

    RUGBY RUGBY
    A quick turnaround for the Tall Blacks as they continue their World Cup build up in China More...


    BUSINESS BUSINESS
    Regional Economic Development Minister Shane Jones is calling provincial growth funding for Invercargill a game changer More...



     Today's News

    Cricket:
    Ben Stokes century powers England to Ashes-levelling win in third Test at Headingley 5:27

    General:
    Impressive signs out for Lisa Carrington a year out from chasing a golden double in Tokyo 5:27

    Politics:
    Nauru President Baron Waqa loses bid for re-election 4:37

    International:
    NASA investigates first alleged space crime after astronaut accesses partner's bank account from ISS 4:37

    Motoring:
    MetService has issued snow warnings for several South Island passes 21:57

    Law and Order:
    One of the men wanted for escaping police custody in Levin on Wednesday night, has been found 21:17

    Business:
    Regional Economic Development Minister Shane Jones is calling provincial growth funding for Invercargill a game changer 18:37

    Law and Order:
    One of the three prisoners who escaped from police custody at the courthouse in Levin during the week has reportedly been recaptured 18:07

    International:
    Meat and dairy guidelines have changed. What and how much should we now eat? 18:07

    Law and Order:
    Three people are being sought by police after a 70-year-old man was bashed and carjacked in Hastings 17:57


     News Search






    Power Search


    © 2019 New Zealand City Ltd