Dazed and confused: Cannasouth calls for help

Mark Lucas had been trialling and growing industrial hemp for almost two decades before Cannasouth listed. (Image: Alan Gibson)

Paul McBeth

Tue, 09 Apr 2024

It’s easy to look at the voluntary administration of Cannasouth late on the Thursday before Easter with jaded eyes. The medicinal cannabis firm had grand ambitions to latch on to the surging global market and stole a march on its local rivals by going public in 2019, raising $10 million at 50 cents a share and touting its ability to secure licences and strong relationships with regulators as selling points. The calibre of founders Nic Foreman and Mark Lucas was impressive. They’d been trialling and growing industrial hemp...

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