CropLogic enters Deed of Company Arrangement

Thu, 24 Sep 2020

ASX-listed CropLogic, which appointed voluntary administrators last July, has entered a Deed of Company Arrangement.In February, the agri-tech company said it was reviewing its operations and financial situation due to a trial hemp farm crop failure, the drop in the CBD hemp price, increasing wage pressure and the impact of covid-19. It also dissolved its US subsidiaries. “At this stage, there is no further information that can be given to shareholders on the remaining equity value in CropLogic, if any, until the Deed Administrators&...

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