Cannasouth gets New Capital Worth more than NZD 6m

  • May 04, 2020 NZST
  • Team Kalkine
Cannasouth gets New Capital Worth more than NZD 6m

Cannasouth Limited (NZX:CBD) has received a total of NZD 5,690,014 in its recently closed Share Purchase Plan (SPP) through issuing 14,973,721 new ordinary fully paid shares. CBD got excess acceptances of NZD 690,014 under the SPP. The company has resolved where to place those excess acceptances.

Furthermore, Cannasouth gets a further NZD 334,839 from several wholesale investors. CBD Chairman Tony Ho said “CBD is delighted to receive the overwhelmingly positive support from the shareholders. To get NZD 6 million in such a challenging time shows the belief of shareholders in Cannasouth.”


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK