Montu medical cannabis breaks records with $5.5m crowd-funding

Medical cannabis prescriber Montu now holds the record for the most amount of funds raised through crowd-funding in Australia as a result of 2020 and 2021 campaigns attracting the backing of a whopping $5.5 million.

In November, it hit its maximum target of $3.5 million in just over one day – the second largest single raise in Australian history, with investors raising the first million dollars in 13 minutes, even crashing the Birchal crowd-funding site.

Montu develops cannabinoid-based products and makes them accessible to patients through a nationwide network of doctors, originally starting in Canada before launching in Australia in 2019.

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