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.”

 


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