close
MENU
Investment
5 mins to read

Cannasouth creditors give lifeline to beleaguered company

A shareholder group is investing up to $3m to keep medicinal company going after creditors voted in favour of deed of company arrangement.

Cannasouth creditors have voted for a DOCA that will keep the company going.

Creditors in troubled medicinal cannabis company Cannasouth have voted in favour of a deed of company arrangement (DOCA) that will see a group of shareholders invest a further up to $3 million to keep it afloat.

The administrators of the listed company, Garry Whimp and Ben Francis of Blacklock Rose,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Fiona Rotherham Fri, 07 Jun 2024
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Cannasouth creditors give lifeline to beleaguered company
Investment,
104404
true