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

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.