Administrators from Cor Cordis have been appointed to Queensland medicinal cannabis cultivator Tikun Oceana, formerly known as Medifarm, with the company conceding there were not enough sales to cover operating costs.
Medifarm was founded by Adam Benjamin, who left the business more than two years ago. After being taken over by new management, it changed its name to Tikun Oceana in 2020, trading as Tikum Australia, to reflect its partnership with Israeli firm Tikun Olam.
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