Plan to save ‘cash-strapped’ Cannasouth put forward

Plan to save ‘cash-strapped’ Cannasouth put forward
Mark Lucas quit as chief executive of the company before the first creditors meeting. (Image: Supplied)
Riley Kennedy
A group of investors has proposed a plan to save part of the New Zealand Exchange-listed Cannasouth group from liquidation.Blacklock Rose’s Garry Whimp and Ben Francis were appointed voluntary administrators of the cannabis firm in late March after a dispute with its convertible note holders was potentially interfering with an “urgent” capital raise it was planning to announce to the market.The group went public in 2019, raising $10 million at 50 cents a share, and last year merged with Eqalis Pharmaceuticals.In its results fo...

More Primary Sector

Campbell Parker: The former banker turned DairyNZ CEO
Primary Sector

Campbell Parker: The former banker turned DairyNZ CEO

The industry organisation has 'sharpened' its strategy to three priorities.

Riley Kennedy 24 Jun 2024
High risk of bird flu says biosecurity minister
Primary Sector

High risk of bird flu says biosecurity minister

Hoggard is less concerned about the risk to dairy cattle. 

Rebecca Howard 21 Jun 2024
Inventory glut hitting NZ Merino’s bottom line
Primary Sector

Inventory glut hitting NZ Merino’s bottom line

But it is confident in the next financial year.

Riley Kennedy 21 Jun 2024
Leadership changes on Fonterra's management team
Primary Sector

Leadership changes on Fonterra's management team

CEO Miles Hurrell says its to help lead co-op potential consumer divestment.

Riley Kennedy 20 Jun 2024