Noteholders seize control as Cannasouth tips into receivership
Shareholders who invested around $30m will lose the lot, although the company’s subsidiaries will keep trading.
Former NZX-listed Cannasouth has been put into receivership, a year after going into voluntary administration when the medicinal cannabis company ran out of money.
Kevin Davies of Principle Insolvency in Hamilton has been appointed as receiver.
Interim CEO David Petterson said in an email to
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