SA medicinal cannabis firm BBS Pharmaceuticals goes into administrationCannabiz / by Martin Lane / February 02, 2023 at 08:11AMInsightsYouNowCannabis is a ruthless industry. Project delays and legal battles forces BBS into administration. South Australian medicinal cannabis firm BBS Pharmaceuticals has gone into administration, leaving investors in limbo. BBS was licensed to cultivate and manufacture medicinal cannabis at its facility in regional South Australia, with plans to sell domestically and overseas. However, administrators were appointed last Friday (January 27) after a series of delays and legal battles stalled the project, according to The Advertiser. The collapse impacts around 20 small investors and other shareholders as administrators from Hall Chadwick try to establish whether parts of the business can be saved.
Source: Cannabiz