The Shareclarity researchers compared the Cannasouth share price offer with Australian cannabis companies and concluded it was 70 to 200 per cent higher when the share price was compared with the actual value of assets. DOMINICO ZAPATA/STUFF Cannasouth is due to list on the NZX - directors Nic Foreman, left, and Mark Lucas. "On the other hand, if recreational cannabis remained illegal it would give the medicinal cannabis companies a tail wind and boost their business case," Angelo said. Cannasouth has licences to cultivate, extract, import and purify medicinal cannabis for research are for 12-months and renewable annually. Meanwhile, the Cannasouth NZX listing will deliver a controlling stake of about 65 per cent of the shares to founders and directors Mark Lucas and Nic Foreman.
Source: Stuff June 13, 2019 03:27 UTC