ABN Newswire•last month
Sydney, Australia, June 23, 2017 - (ABN Newswire) - The Directors of Chapmans Limited (ASX:CHP.AX - News) (Chapmans, the Company) are pleased to announce that its specialist wholly owned medicinal cannabis subsidiary, Cannabis Investments Limited (CIL), has entered into a Term Sheet with AZ Pharmaceuticals Inc., the owner of the Aunt Zelda's medicinal cannabis business, to invest USD 2 million in Aunt Zelda's. CIL is delighted to make this strategic investment in Aunt Zelda's. It is CIL's first investment in the medicinal cannabis sector, pursuant to its mandate to invest in high quality, value accretive opportunities in the rapidly emerging global medicinal cannabis sector (ASX announcement, 16 May 2017).
