Brief: Cannasouth Enters Agreements To Acquire Remaining Stakes In Cultivation & Manufacturing JV Businesses

Cannasouth

04/07/2021 22:28

July 5 (Reuters) - Cannasouth Ltd  CBD.NZ :
    * ENTERED 2 CONDITIONAL AGREEMENTS TO ACQUIRE STAKES THAT IT
DOES
NOT ALREADY OWN IN ITS CULTIVATION AND MANUFACTURING JV
BUSINESSES
    * ENTERED AGREEMENT TO ACQUIRE REMAINING 40% INTEREST IN
HAWKES
BAY-BASED MIDWEST PHARMACEUTICS NZ
    * PROPOSES TO UNDERTAKE A CAPITAL RAISING TO FUND
ACQUISITIONS
    * PURCHASE PRICE FOR INTEREST IN MIDWEST PHARMACEUTICS
NZ$1.0
MILLION
    * ENTERED AGREEMENT WITH AARON CRAIG AND HIS FAMILY
INTERESTS TO
ACQUIRE REMAINING 50% STAKE IN JV BUSINESS FOR NZ$3.5 MILLION

Source text for Eikon:  ID:nNZW88dftq 
Further company coverage:  CBD.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))