NZX-listed Cannasouth has announced plans to raise capital, cut jobs and delay a dual listing on the ASX while it waits for verification of its products by New Zealand’s Medicinal Cannabis Agency (MCA).

The firm said it is waiting for products intended for both the NZ and export markets to be verified and expects delays “because the MCA has been slow” in turning around applications.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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