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Financier Lex Greensill banned from running UK companies for nine years

Financier Lex Greensill has been banned from running UK companies for nine years following the 2021 collapse of his supply chain invoicing firm, Greensill Capital, which left more than £1.6bn in liabilities.…

Waldorf: English Court Approves Second Restructuring Plan, Despite HMRC Opposition

The English High Court has sanctioned the second restructuring plan proposed by Waldorf Production UK Plc, despite strong opposition from HMRC. The plan enables Harbour Energy’s $205 million acquisition…

Spanish Steel Pipe Maker Tubos Reunidos Enters Insolvency After 134 Years

Tubos Reunidos, the historic Spanish steel pipe manufacturer founded in 1892, has filed for voluntary insolvency after 134 years in business, highlighting the mounting pressures facing Europe’s industrial…

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration Sweden

Swedish e-fuel developer Liquid Wind AB has filed for bankruptcy, delivering a significant blow to the green shipping sector. The Gothenburg-based firm, which specialized in producing net carbon-neutral…

News

​Kanabo calls in administrators marking an end to the LSE Cannabish Rush

Kanabo Group, once a flagship medical-cannabis firm on the London Stock Exchange, has entered administration as of 28 November 2025, marking a dramatic collapse for what was once considered a leader of Europe’s cannabis boom.

Joint administrators from RSM UK Restructuring Advisory LLP have been appointed to explore options around restructuring, selling the business or winding-down operations.

Kanabo’s demise completes the downfall of the original wave of four cannabis-listed firms on the LSE from 2021, all of which have now collapsed.
Despite early hype and a pivot from medical devices to digital health platforms, persistent regulatory burden, lack of institutional funding, and chronic financial losses undermined its long-term viability.

Initial hype and a strategic pivot from medical devices to digital health platforms couldn't overcome the core challenges, mainly due to the regulatory burden, a lack of funding, and sustained financial losses which ultimately compromised the company's long-term viability.

More on this at Business of Cannabis
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