- Little Green Pharma (LGP) is planning to acquire a Denmark (WA) cannabis facility after raising $27.2 million in funding via a share placement
- The ASX-listed cannabis stock says $15 million of that figure will come from Hancock Prospecting, which is owned by Australian billionaire Gina Rinehart
- Once the placement is finalised, Hancock Prospecting will hold a 10 per cent stake in LGP, which plans to issue 45.3 million shares at 60 cents each
- The company will use the funds from the placement to pay for the C$20 million (A$21.47 million) Denmark business
Read the Full Article on The Market Herald here
Little Green Pharma (ASX:LGP) acquires Denmark facility via Gina Rinehart support
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Last
10.5¢ |
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Mkt cap ! $33.53M | |||
| Open | High | Low | Value | Volume |
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| LGP (ASX) Chart |