'Success story': cannabis pioneer sold out of administration

Mon, 14 Feb 2022

A pioneer in the burgeoning medicinal cannabis sector has been sold out of administration for an undisclosed sum after missing out on a foreign investment that would’ve staved off the liquidators.MedGreen Pharmaceutical, which had 12 staff and a large greenhouse operation on a 62-hectare site in the Bay of Plenty, owed about $7.2 million to its creditors, leaving an expected surplus of $993,000.The company’s assets largely consisted of mortgaged land and buildings and equipment, which accounted for the bulk of its $8.2m of assets, a...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am