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MMJ will use the funds raised to accelerate its entry into the Australian market, now that legislation has passed for the legalisation of cannabis for medical purposes in the country.

Medical marijuana firm raises funds

Medical marijuana company MMJ Phytotech has tapped investors for a $5 million capital raising to fund its entry into the Australian market.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
thElsight0%0%
133rdEve Investments83%24%
656thCervantes Corporation-33%15%
671stMMJ PhytoTech-36%0%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

12/12/17
$450 Issued
12/12/17
$0 Issued
12/12/17
$150 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

191st↓MMJ PhytoTech$76k
209th↓Eve Investments$245
210th↓Mission NewEnergy$5
212th↓Cervantes Corporation$0
214th-Elsight$1.2m
238 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MMJ PhytoTech

923rdWinton Willesee$106k
814thPeter Wall$83k
Ranked by total remuneration from all listed WA companies

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