CBD - Cannasouth Ltd

[tomm]

I hear on RNZ that there are 50 firms keen to start up cannabis manufacture. Is Cannasouth the only one on the NZX? What does it have that the other 50 don't?

Yes, Cannasouth is the only one on NZX . They use a very approaching and practical method by : buying and acquired Land to Grow for themselves and got 60% in Midwest Pharmaceutics ( which allow them to manufacturing and produce without waiting for a license to produce as others ,this is very costly and time effective.)
• Cannasouth expands with acquisition of an initial 60% stake
in Midwest Pharmaceutics NZ Limited (Midwest).
• The acquisition will accelerate Cannasouth’s development of
its medicinal cannabis business in New Zealand and will
provide immediate revenues from the date of acquisition.
• The acquisition will add significantly to the suite of
licences that can be utilised by the Cannasouth group.
• The acquisition complements the recent joint venture
entered into with Mr Aaron Craig to form Cannasouth
Cultivation Limited for the development and cultivation of
medicinal cannabis in the Waikato region.
• The acquisition significantly progresses the Company’s key
vertical integration strategy “from seed to sale”.

The others are flashing the cash