Cannasouth Initial Public Offering (IPO) opens

Posted on:27 May 2019

The Board of Cannasouth Limited has advised that its IPO to raise a minimum of $5 million (10 million
new ordinary shares) and a maximum of $10 million (20 million new ordinary shares) is now open.

The offer consists of a Priority Pool of $5m and a General Offer of $5m. Expressions of interest from those
investors wishing to participate in the Priority Pool far exceeded the number of shares available and have
been scaled significantly. Non-binding pre-registration interest in the General Offer also indicates there is
likely to be very strong demand for the General Offer.

Key terms of the offer are:

Description of the equity securities: Ordinary fully paid Shares
Price: NZ 50 cents per Share
Offer opens: 27 May 2019
Priority Offer closes: 7 June 2019
General Offer closes: 14 June 2019

Number or amount of the equity securities being offered
A minimum of 10,000,000 new Shares are being offered; and
A maximum of 20,000,000 new Shares are being offered.

Structure of the Offer
The Offer consists of:
• The Priority Offer of up to $5 million, which is only open
to those investors who have been invited by Cannasouth to
participate in the Priority Offer; and
• The General Offer of up to $5 million, which is open to all
investors resident in New Zealand.

A copy of the Product Disclosure Statement and application instructions can be found at
http://www.cannasouthshareoffer.com