Cannasouth major investors happy with early Christmas present

Cannasouth major investors happy with early Christmas present
After pruning the company for a sustainable yield, Cannasouth administrators prepare to step back. (Image: NZME)
Garth Bray
Major investors in delisted medicinal cannabis grower and processor Cannasouth expect it to trade out of voluntary administration with all shareholders intact.“It’s nothing short of a miracle,” said shareholder and former director Greg Misson.Forensic accountant David Petterson was brought in by an investor group and appointed interim chief executive by the administrators to run the business. This has halved its staff to 19 and focused on cutting other costs.Petterson is expected to stay on and appears to have shareh...

More Markets

NZ stocks end lower while Eroad tanks
Markets Market Close

NZ stocks end lower while Eroad tanks

The S&P/NZX 50 Index dropped 99.89 points or 0.75% to 13,289.21.

Jamie Gray 17 Oct 2025
Macpac NZ profits drop 71% as softer sales hit margins
Retail

Macpac NZ profits drop 71% as softer sales hit margins

The sales drop in New Zealand was larger than Kathmandu's.

Gregor Thompson 17 Oct 2025
Eroad shares slump 23% as it shifts focus from North America
Markets

Eroad shares slump 23% as it shifts focus from North America

Eroad cuts North America exposure, impairing $150m in assets.

Rebecca Howard 17 Oct 2025
$55m deal secures Santana mining land
Primary Sector

$55m deal secures Santana mining land

The gold miner now owns all the land where its best mining prospects lie.  

Pattrick Smellie 17 Oct 2025