Cannasouth welcomes new shareholders

Published: Fri 6 Sep 2019 10:44 AM
Cannasouth has welcomed more than 550 new shareholders onto its share register since listing on the Main Board of the New Zealand Stock Exchange on June 19 this year.
Following its Initial Public Offering (IPO) as part of the NZX listing, Cannasouth had circa 1,450 shareholders. However, this number has grown strongly since listing and yesterday the total number of individual registered investors passed 2,000.
Cannasouth CEO, Mark Lucas, says the number of new shareholders vindicated the company’s decision to list on the NZX.
“Interest from new shareholders clearly shows there is strong demand from investors to participate in the emerging medicinal cannabis industry in New Zealand.
“Cannasouth has made its submission to the Ministry of Health (MOH) on the Government’s proposals for medicinal cannabis regulations to support the Medicinal Cannabis Scheme passed into law last December.”
“We look forward to seeing these regulations implemented before the end of this year, which will pave the way for the production of and access to medicinal cannabis products here in New Zealand.”

Next in Business, Science, and Tech

RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds
By: The Reserve Bank of New Zealand
Monetary Policy With Very Low Interest Rates
By: The Reserve Bank of New Zealand
More Snow On Glaciers But No Good News, Say Scientists
Elevate NZ Venture Fund To Lift Productivity
By: New Zealand Government
New Legislation To Boost Organics
By: New Zealand Government
Misinformation Circulating On Biodiversity Policy
By: Forest And Bird
Govt Backs RBNZ Move To Support Economy With Lower Interest Rates
By: New Zealand Government
Reserve Bank announces further measures to support economy
Holding Off The COVID-19 Recession – Expert Reaction
By: Science Media Centre
Banking Sector Prepared For Responding To COVID-19
By: The Reserve Bank of New Zealand
Reserve Bank’s ‘unconventional Tools’ Are Conventional Elsewhere
By: Social Credit
RBNZ Survey: Experts Say An Out-of-cycle Rate Cut May Cause Panic
By: Finder
Next Steps Of Govt And Business COVID-19 Response
By: New Zealand Government
NZX falls following US interest rate cut
Coronavirus and the economy: Responding to Covid-19 with precision
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media