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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

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 30/09/19

1 year TSR5 year TSR
130thWestStar Industrial58%-49%
464thMMJ Group Holdings-16%
673rdSwift Media-48%9%
792ndThe Agency Group Australia-70%-40%
733 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/04/19
$15k Bought
03/04/19
$330k Issued
24/10/18
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

54th↑MMJ Group Holdings$33.5m
55th↑The Agency Group Australia$31.3m
57th↑WestStar Industrial$28.9m
58th↑Swift Media$24.7m
197 listed industrial companies ranked by revenue.
Source: Morningstar

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