Australia’s once‑booming wine industry is now on its knees. And it’s ‘goody two-shoes’ Gen Z drinkers who are to blame, a leading grower says

One of Australia’s largest wineries has entered voluntary administration after failing to recover from the stifling impacts of the Covid-19 pandemic. Winemasters SA, a Riverland maker established in the 1970s, appointed administrators on Tuesday, ASIC records show.  The specialist contract winery, formerly known as Riverland Vintners, offers processing services to customers, including pioneering selling bulk…

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Medicinal cannabis company Helius Therapeutics shuts down

File photo. Photo: Supplied / Southern Medicinal Medicinal cannabis company Helius Therapeutics has been placed in voluntary administration, citing a tough commercial and regulatory environment. The Auckland-based company was founded in 2018, and was one of the early players in the sector. The voluntary administration does not impact the clinic business owned by Helius Group,…