Listed cannabis business creates cryptocurrency to raise money

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Penny stock Nutritional Holdings is selling cannacrypt through a private company to raise expansion money

Penny stock Nutritional Holdings has turned to selling an unregulated cryptocurrency, through a private company, to raise money to expand its fledgling cannabis business.

The listed company, with a market capitalisation of R167m, sells dry food to schools, hostels, mines and prisons. But after struggling to turn a profit for four years, Nutritional Holdings has expanded into selling cannabis oils and supplements, which it says boost the immune system...

 

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