'Success story': cannabis pioneer sold out of administration

'Success story': cannabis pioneer sold out of administration
Ella Somers
A pioneer in the burgeoning medicinal cannabis sector has been sold out of administration for an undisclosed sum after missing out on a foreign investment that would’ve staved off the liquidators.MedGreen Pharmaceutical, which had 12 staff and a large greenhouse operation on a 62-hectare site in the Bay of Plenty, owed about $7.2 million to its creditors, leaving an expected surplus of $993,000.The company’s assets largely consisted of mortgaged land and buildings and equipment, which accounted for the bulk of its $8.2m of assets, a...

More Law & Regulation

Eric Watson’s bid to stop insider trading charges thrown out
Law & Regulation

Eric Watson’s bid to stop insider trading charges thrown out

US regulator to continue its case against Eric Watson. 

Denise McNabb 02 Jul 2025
Foodstuffs NI warned by ComCom over supplier treatment
Retail

Foodstuffs NI warned by ComCom over supplier treatment

It obstructed a supplier request, says Grocery Commissioner.

Staff reporters 02 Jul 2025