The Melbourne Age / Sydney Morning Herald report on the can of worms beginning to open up and Australia’s “most succesful” medical cannabis outfit where a share buy back scheme by the company has been alleged to be somewhat disingenuous in the way it seeks to exclude original investors from the profits the company is now reaping,
There’s also mutterings that the scheme is designed to be a strategy to pay forthcoming legal bills on the horizon, as the company has to head to court in the new year over possible advertising and marketing infractions.
Clay Lucas writes
It was sold as an opportunity for everyday investors to ride the surging interest in medicinal cannabis, but now fast-growing market giant Montu’s crowdsourcing has descended into acrimony and unprecedented action from a corporate regulator.
Montu, the largest medicinal cannabis company in Australia and owner of the popular Alternaleaf brand, is under fire for its “unacceptable” treatment of smaller shareholders who took part in two crowdsourced investing rounds offered early in its now meteoric growth.
Read his full report (paywall)
Headtopics has summarized the story here
https://headtopics.com/au/fishy-from-the-outset-millions-in-crowdsourced-cannabis-61292590
Here’s the pitch that they invested in.
Happy to do the press then, less media now I’d imagine
