The administrator investigating the financial affairs of BBS Pharmaceuticals has advised creditors to liquidate the company in a report which suggested the business may have traded while insolvent.

Hopes of finding a buyer for the South Australian firm, and taking over its medicinal cannabis licence, were earlier dashed after interest fizzled from six parties. Four had submitted offers for the purchase of the assets, business and trading operations of BBS before walking away.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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