The decision comes after months-long delay to the 10% tariff Donald Trump announced on Liberation Day.
Liquidation of MediCann driven by battling investors.
Australian based Alium Capital led the round, with investments coming from inside New Zealand as well as from a chief scientist at an American tech giant.
Voluntary administrators say remaining assets still up for sale.
The council will offload 45% of its stake in the port.
The spinoff from Tait Electronics is making a name for itself in the US.
Researchers say being at the bottom of the world is an advantage.
Past participants include Unleashed Software and Niesh.
“We have the dream but not the plan,” global boss says.
Penalty yet to be set.