Cannabis startup seeks $4m crowdfunding high

Cannabis startup seeks $4m crowdfunding high
Holly Wright and Paul Lee, partners in weed. (Image: Supplied)
Brent Melville
Medicinal cannabis startup Organic Genetics has hit $100,000 in pledges as it looks to raise $4 million through the equity crowdfunding platform PledgeMe.The offer was rolled out last week, split between a retail and wholesale offer, with a combined 16,000 shares, or 12.4% of the company on the market at $250 a share. Its initial target is to raise $500,000 and by Wednesday morning 111 investors had pledged a combined $102,250 on a company that had net assets totalling just $83,379 in disclosures in June. Only those investors who subs...

More Finance

FNZ employee shareholders stake claim at $7.7b
Finance

FNZ employee shareholders stake claim at $7.7b

The claim has been lodged in the High Court at Wellington.

Victoria Young 29 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025