Mining billionaire Gina Rinehart goes green with $15m medical cannabis play
Iron ore magnate and cattle queen Gina Rinehart has added medicinal cannabis to her portfolio as she invests $15 million into the European expansion of a Perth-based company in the growing industry.
Ms Rinehart’s Hancock Prospecting was the cornerstone in a $27.2 million capital raising by WA’s Little Green Pharma for the purchase of an existing cultivation and manufacturing site in regional Denmark which already has European licences for creating medical products. Pay walled story. Originally published here: https://www.smh.com.au/business/companies/mining-billionaire-gina-rinehart-goes-green-with-15m-medical-cannabis-play-20210622-p5837p.html