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.
Former federal health minister opened Medifarm’s facility in 2019.
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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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017.
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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades.
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