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Monday, 5 July 2021, 9:58 am Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of outstanding interest in Cannasouth Cultivation Limited Cannasouth has entered into a conditional agreement with Aaron Craig and his family interests (Craig Family Interests) to acquire the remaining 50% stake in Joint Venture business Cannasouth Cultivation Limited that Cannasouth does not already own. Cannasouth Cultivation has built a state-of-the-art growing and processing facility that will produce medicinal cannabis flower biomass at highly competitive production cost. It is energy efficient and more ....
Press Release – Cannasouth Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of … Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of outstanding interest in Cannasouth Cultivation Limited Cannasouth has entered into a conditional agreement with Aaron Craig and his family interests (Craig Family Interests) to acquire the remaining 50% stake in Joint Venture business Cannasouth Cultivation Limited that Cannasouth does not already own. ....
Press Release – Cannasouth NZX listed medicinal cannabis company Cannasouth expects to be ready to export pharmaceutical grade cannabis flower in early 2022 after completing commissioning of its Waikato-based growing facility. Cannasouths joint venture partner, Cannasouth Cultivation Limited, … NZX listed medicinal cannabis company Cannasouth expects to be ready to export pharmaceutical grade cannabis flower in early 2022 after completing commissioning of its Waikato-based growing facility. Cannasouth’s joint venture partner, Cannasouth Cultivation Limited, which has developed a next generation controlled environment agriculture (CEA) sealed greenhouse has its first commercial harvest expected in December 2021. At the company’s AGM today, Cannasouth Chief Executive Mark Lucas told investors the facility will produce up to 1,800kg of pharmaceutical grade cannabis flower each year with the ability to scale the facility by four times as demand requires. ....