Collapsed international cannabis operator Cannim has officially been placed into liquidation following a failed sales process, seeing its myriad of creditors vie for their share of the tens of millions of dollars now reportedly outstanding.
While creditors in Australia are now facing an uphill battle to recover their lost investments, with liquidators warning them not to expect any returns unless recovery actions are successful, the company’s UK operations have been all but abandoned.
Creditors in the UK now face the added challenge of navigating multiple jurisdictions and local laws, making the pursuit of asset recovery even more problematic, given that its UK entities are outside of the scope of the Australian…