Cann Group CEO resigns after just 14 months at the helm

Cann Group (ASX: CAN) CEO Peter Koetsier has tendered his resignation just 14 months after assuming leadership of the medicinal cannabis company, which is growing sales at a fast clip but remains burdened by the debts incurred as a result of its capital-intensive crop production and manufacturing endeavour in Mildura. Koetsier joined Cann ...

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End of an era for Godfreys after administrators fail to find a buyer

It’s finally the end of the road for vacuum cleaner retailer Godfreys as administrators announced today that the company would be wound down after failing to find a buyer despite receiving 55 expressions of interest for the embattled business. Craig Crosbie, Robert Ditrich and Daniel Walley, of PricewaterhouseCoopers (PwC) Australia, reve...

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Biotech Holista Colltech slapped with $1.8m fine for misleading investors

Listed biotech Holista Colltech (ASX: HCT) has been slapped with a $1.8 million penalty for breaching its continuous disclosure obligations and making misleading claims regarding the sales of its broad-spectrum sanitiser product NatShield during the height of the pandemic. The Federal Court issued the penalty this week following an investigatio...

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Promoter of $180m Courtenay House Ponzi scheme pleads guilty to two criminal charges

A NSW man has pleaded guilty to criminal charges, including dealing with the proceeds of crime, for his role in promoting a $180 million Ponzi scheme orchestrated by the Courtenay House group over a decade ago. David Sipina, of Croydon, pleaded guilty to two criminal charges after appearing this week before the Downing Centre Local Court. The ...

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Immutable, King River Capital and Polygon Labs launch US$100m web3 gaming fund

Australian blockchain gaming infrastructure company Immutable is teaming up with one of its investors, King River Capital, as well as New York-based web3 gaming giant Polygon Labs, to launch the US$100 million ($153 million) Inevitable Games Fund (IGF) to identify high-growth opportunities for investors. The fund’s investment process...

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