where to next?, page-1596

Not sure if anyone has already posted, but here is the electronic version of the article...

https://www.a f r.com/companies/healthcare-and-fitness/cannabis-stocks-attract-new-investors-20191011-p52zuo [Australian Financial Review]

Excerpt:

Merchant Group bought the shares in AusCann from its major shareholder and the largest publicly listed company in the space, Canopy Group Corporation.

It is the latest major medical cannabis investment for Mr Chapman, who previously bought up a significant position in now defunct stock 1-Page. He then orchestrated a board takeover, shut down the business and brought about a reverse takeover in which the 1-Page shell became the owner of German medical cannabis company HAPA Pharm.

The group had also invested previously in Cannpal Animal Therapeutics and Zelda Therapeutics.

Mr Chapman told The Australian Financial Review he wanted to use his experience with HAPA to be a "supportive shareholder" of AusCann.

"We have extensive experience and contacts in the space both domestically and internationally and feel that we can assist in fast-tracking commercial outcomes in the near term," he said.

"We will look to maintain a close working relationship with Canopy Growth Corporation, as AusCann reshapes itself to regain its leadership position in the Australian medical cannabis sector."

Mr Chapman has a history of acquiring significant positions in companies that he believes need help to be turned around and then shaking up the board and management teams of the companies.