Medicinal cannabis company Helius Therapeutics shuts down

Southern Medicinal has converted the old Mataura paper mill into a medicinal cannabis and hemp growing, testing and processing facility. 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…

Kiwi rich-lister Guy Haddleton’s medical cannabis company Helius Therapeutics goes into voluntary administration

Chief executive Vicky Taylor said the move was deeply disappointing but reflected the challenging conditions facing the sector. “This is an incredibly difficult moment for our team and for the wider medical cannabis industry,” Taylor said. “Helius was founded with a clear purpose – to provide high-quality, clinically trusted cannabis medicines that could genuinely improve…

NASAA Certified Organic collapse threatens export capabilities for hundreds of Australian producers

Hundreds of farmers and food producers across Australia are scrambling to keep their organic standard certification after the collapse of a major organic certifier. South Australian-based NASAA Certified Organic Pty Ltd (NCO) was placed into voluntary administration last week. Products certified by NCO met federal government standards for exporting legitimate organic products, but producers have…

Hoepli, shareholders’ meeting decides on liquidation

After 156 years it raises the white flag. Hoepli goes into voluntary liquidation. The shareholders’ meeting of the historic Milanese publishing company has decided on the ‘voluntary dissolution of the company and its liquidation’, explaining in a note that the decision comes ‘as the result of a painful and in-depth reflection on the overall situation…