Seed capital leaves cannabis startup on a high

Seed capital leaves cannabis startup on a high
The first Kaitaia cultivation site will be about a hectare. (Image: Organic Genetics)
Brent Melville
Organic Genetics’ global director, Jonathan Jones, spent the past week in Auckland and Northland, scouting possible cannabis flower cultivation sites near Kaitāia.That’s after the startup secured $5 million in funding from Auckland property investor and developer Andrew Bendemski, in exchange for an equity holding in the medicinal cannabis firm.Jones, or ‘JJ’, the Los Angeles-based founder of cannabis company Kind Future, Nasdaq-listed cannabis tech and software firm Weedmaps, was on hand to oversee initial build plans a...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024
Restless farmers want change at the Dairy Goat Co-op
Primary Sector

Restless farmers want change at the Dairy Goat Co-op

The chief executive’s been replaced, now they want the chair to follow.

Riley Kennedy 30 Apr 2024