- Little Green Pharma (LGP) has opened its share purchase plan (SPP) with aims to raise up to $5 million
- This follows on from a recently announced placement to sophisticated, experienced and professional investors to raise $22 million
- Under the plan, eligible shareholders will also able to subscribe for up to $30,000 worth of shares, which priced at 65 cents
- This price represents a 17.3 per cent discount to the five-day volume-weighted average price
- LGP will also use the money to speed-up sales and marketing efforts in both Australia and overseas as well as expand its manufacturing capacity
- Shares in Little Green Pharma have dropped 8.75 per cent and are trading at 73 cents each
