How Cannasouth company raised $6 million? WATCH NOW!

  • May 07, 2020 NZST
  • Team Kalkine

Cannasouth, the medicinal cannabis company that successfully raised $6 million from the market this week, said it would pay back the $85,000 it received under the Government's wage subsidy scheme.

The company, which listed on the NZX last year, said that on April 1, Cannasouth Plant Research New Zealand Ltd (CSPRL) applied for and was subsequently granted, $85,726 through the Government's Wage Subsidy Scheme.

The scheme is aimed at supporting employers who have been adversely affected by Covid-19, so that they can continue to pay their employees.

Skinny has jumped on board the "endless" mobile data bandwagon, offering the cheapest plan so far. The Spark-owned budget brand is offering a $36 endless data plan that gives full-speed service until you hit 4.5 gigabytes of data - roughly one high-def Netflix movie - after which speed is reduced to a maximum 1.2 megabits per second (enough for standard definition video and basic surfing, but not HD or some online gaming or video chat). Your $36 doesn't quite get you a month.

Notably, Skinny's "endless" data plans include hotspotting, such as sharing a phone's internet connection with another device, such as a laptop, or streaming video to a TV.


The video 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 video 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.


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