NZX-listed Cannasouth (CBD) has gone into voluntary administration with trading in its shares suspended by the regulator.

Earlier this week, the firm was placed in a trading halt at its own request following a dispute with secured convertible noteholders which NZ RegCo said could prejudice a crucial capital raise. “CBD has an urgent need to secure funding to remain solvent,” the regulator added.

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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. A journalist...

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