OneLife Labs owes more than A$1.7 million to creditors, including $365,000 to Colombian producer Clever Leaves, as potential buyers continue to explore the acquisition of its manufacturing facility.
Health House parent Melodiol Global Health has entered voluntary administration, the third medicinal cannabis company to hit the financial wall in the space of six weeks.
The newly-formed joint venture which acquired Releaf Group assets has approached former franchisees as it looks to rebuild the network and bring disillusioned patients back into the fold.
Troubled Melodiol Global Health has racked up A$17 million worth of debt, an initial administrator’s report has revealed, as efforts continue to sell its distribution arm, Health House.
