Subscribe today - find out more
Why you should consider BusinessDesk
Health

Cannabis startup seeks $4m crowdfunding high

Brent Melville
Wed, 01 Sep 2021

Holly Wright and Paul Lee, partners in weed. (Image: Supplied)
Brent Melville
Wed, 01 Sep 2021
Medicinal cannabis startup Organic Genetics has hit $100,000 in pledges as it looks to raise $4 million through the equity crowdfunding platform PledgeMe.The offer was rolled out last week, split between a retail and wholesale offer, with a combined 16,000 shares, or 12.4% of the company on the market at $250 a share. Its initial target is to raise $500,000 and by Wednesday morning 111 investors had pledged a combined $102,250 on a company that had net assets totalling just $83,379 in disclosures in June. Only those investors who subs...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Retail Analysis
The chips are down: supermarkets off to shaky start
Pattrick Smellie | Thu, 21 Oct 2021

Supermarket owners struggled to address the questions the Commerce Commission put to them on the first day of the hearings on grocery market competition.

Primary Sector
A2 Milk may face second class action claim
Rebecca Howard | Thu, 21 Oct 2021

Hundreds of shareholders have already registered interest in a class action claim in Australia.

Property
Auckland Airport takes aim at 'rushed' rent relief
Brent Melville | Thu, 21 Oct 2021

The airport has already paid out more than $185 million in rent relief to its tenants, and says proposed government changes need to be targeted for those who need it.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.