Medical cannabis start-up set to raise capital through ASX listing

Original article by Sally Rose
The Australian Financial Review – Page: 23 : 18-May-15

MGC Global is seeking up to $A3m in an Australian IPO, and it will have a market capitalisation of about $A9.5m if the offer is fully subscribed. Israel-based MGC has proposed a backdoor listing via gold explorer Erin Resources, and it aims to commence the production of cannabinoid resin. Several other medical marijuana companies have previously listed on the Australian sharemarket.

CORPORATES
ERIN RESOURCES LIMITED – ASX ERI, MGC GLOBAL, PHYTOTECH MEDICAL LIMITED – ASX PYL, VERONA CAPITAL PTY LTD, CANN PHARMACEUTICALS

Leave a comment