Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Cannasouth welcomes new shareholders


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.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>


Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>