Over-the-counter CBD hopeful Avecho Biotechnology will turn its focus on generating capital from new investors after raising A$2 million of a targeted $11m from existing shareholders.

The company will issue 484 million shares to participants in the initial entitlement offer, with brokers hoping to raise the additional funds through share placements.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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