Phytotecnia's big play into cannabis is baby steps

Phytotecnia's big play into cannabis is baby steps
Brent Melville
Medicinal cannabis start-up Phytotecnia received a cannabis cultivation commercial licence in its Christmas stocking and has more than  1,000 plants in cultivation at its Te Horo site on the Kāpiti Coast.That's right on schedule, according to the firm's information memorandum, published as part of its Pledgeme equity raising. It has put up a 25 percent stake to raise as much as $2 million at $1 a share, valuing the firm at $8 million.In the context of a sector that is really at the starting gate and has raised most of its money on...

More Technology

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

Staff reporters 04 Jul 2024
Finally, a small stand is made against Big Tech
Opinion

Peter Griffin: Finally, a small stand is made against Big Tech

However, we look set to repeat the errors of the Web 2.0 era.

Peter Griffin 04 Jul 2024
Business of Tech podcast: Rod Drury on his post-Xero life as NZ's fixer
Technology

Business of Tech podcast: Rod Drury on his post-Xero life as NZ's fixer

The local tech luminary says renewable energy could be to NZ as oil is to Saudi Arabia.

First NZ-made aluminium cans set to roll off Recorp's line
Technology

First NZ-made aluminium cans set to roll off Recorp's line

Operations were delayed by months because the machinery was too big for the building.

Greg Hurrell 02 Jul 2024