Private equity firm Adamantem Capital to invest in merged entity.
The New Zealand Hemp Industries Association says it’s a landmark decision for the industry.
Growers will be able to buy hectare licenses from next year.
The liquidation of a large Rockit orchard in Hawke’s Bay follows another large Rockit partnership becoming insolvent in October.
‘When others are making excuses, we’re showing that it’s not all doom and gloom in this industry,’ CEO James Annabell says.
The co-op reports net profit of $20.4m in turnaround year.
NZ timber manufacturer is poaching market share from hardwood and cedar alternative suppliers, notably out of Canada, and expects to hit $200m in revenue within five years.
The 2018 US-China trade war had only a marginal impact, but now ‘all agricultural exports are relegated to being pawns’, report says.
Debt owed by the wine business has been transferred to the electricity distributor after a covenant breach.
Simon Limmer says supply and demand remains ‘well out of equilibrium’.
