UK EV company collapses into administration – ‘world leaders’

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European hyperloop sector suffers second major collapse in 2026

Spanish startup Zeleros was declared insolvent by a Valencia court in late March, following the bankruptcy of Dutch developer Hardt Hyperloop on 4 March. Together, they represented two of the sector's…

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EIT Manufacturing files for liquidation

EU-funded innovation body, EIT Manufacturing, headquartered in Paris-Saclay, filed for liquidation on March 25, 2026, following a massive fraud investigation. The collapse stems from ‘serious irregularities’…

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What is the £1.3bn MFS mortgage scandal and what is private credit?

The collapse of Market Financial Solutions (MFS) in early 2026 has sent shockwaves through the private credit market. The UK-based bridging lender entered administration following allegations of a massive…

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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

News added:: 11/12/2025

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cookie_secure
global_xss_filtering	1
csrf_protection
csrf_token_name	csrf_test_name
csrf_cookie_name	csrf_cookie_name
csrf_expire	7200
compress_output
time_reference	local
rewrite_short_tags
proxy_ips
ignore_log_tables	logs_login\|logs_cms_pages\|logs_market_report\|logs_user_session\|logs_sys_mail\|logs_sql\|ci_admin_session\|ci_sessions\|admin_audit\|cms_menu\|cms_menu_items
user_message_template_prefix	<div class="response-msg [type] ui-corner-all"><ul>
user_message_template_suffix	</ul></div>
user_message_template	<li><span>[section]</span>[message]</li>
google_map_key
money_sign	£
money_sign_position	pre
site_ref_id	9
site_ref_url
pagination	Array ( [uri_segment] => 3 [base_url] => [per_page] => 5 [next_link] => » [prev_link] => « )
protocol	mail
wordwrap
mailtype	html
crlf
newline
base_template	email/base
content_template	email/default
site_email	hannahdenney@insol-europe.org
admin_email	hannahdenney@insol-europe.org
reply_to_email	hannahdenney@insol-europe.org
noreply_email	hannahdenney@insol-europe.org
bcc_email	clients@moleproductions.com
codeigniter_version	2.x
multilang
set_home	Home
attr_home	Array ( )
unlink_home
delimiter	>
replacer	Array ( )
partial_replace	Array ( )
exclude	Array ( [0] => all )
exclude_segment	Array ( [0] => 3 [1] => 4 [2] => 5 [3] => 6 [4] => 7 [5] => 8 )
use_wrapper
wrapper	<ul>\|</ul>
wrapper_inline	<li>\|</li>
unlink_last_segment
current_url_last_segment	1
hide_number	1
hide_number_on_last_segment	1
strip_characters	Array ( [0] => _ [1] => .html [2] => .php [3] => .htm [4] => - )
strip_regexp	Array ( )
form	Array ( [nameasid] => 1 [replace] => FALSE\|TRUE\|TRUE [xss_clean_post] => 1 [group_prefix] => [group_suffix] => [element_prefix] => [element_suffix] => <br /> [label_prefix] => [label_suffix] => [field_prefix] => [field_suffix] => [error_open] => <div style="color: #c00">- [error_close] => </div> [error_string_open] => <div id="errors"> [error_string_close] => </div> [error_class] => error [error_inline] => [error_inline_open] => <span class="inline-error"> [error_inline_close] => </span> [error_flag] => [globals] => Array ( ) [defaults] => Array ( [label] => Array ( [position] => before [class] => left [required_class] => [required_flag] => <span class="required">*</span> ) [fieldset] => Array ( [element_suffix] => ) [text] => Array ( [onkeypress] => this.style.borderColor='#BBBBBB' ) [password] => Array ( [onkeypress] => this.style.borderColor='#BBBBBB' ) [upload] => Array ( [upload_path] => uploads [allowed_types] => pdf\|doc\|jpg\|gif\|png\|txt ) [checkbox] => Array ( [element_suffix] => [class] => check [label] => Array ( [position] => after [class] => check ) ) [textarea] => Array ( [class] => textarea ) [radio] => Array ( [element_suffix] => [class] => check [label] => Array ( [position] => after [class] => check ) ) [submit] => Array ( [element_suffix] => [class] => button ) [reset] => Array ( [class] => button ) [multiple] => Array ( [style] => height: 120px ) [texteditor] => Array ( [path] => tools/ckeditor [config] => Array ( [toolbar] => basic [width] => 550px [height] => 100px [bodyClass] => texteditor [float] => left ) [field_prefix] => <div class="texteditor"> [field_suffix] => </div> ) ) [recaptcha_api_server] => http://api.recaptcha.net [recaptcha_api_secure_server] => https://api-secure.recaptcha.net [recaptcha_ssl] => FALSE [recaptcha_verify_server] => api-verify.recaptcha.net [recaptcha_key_public] => [recaptcha_key_private] => [recaptcha_theme] => white [recaptcha_lang] => en [captcha] => Array ( [img_path] => ./uploads/captcha/ [img_width] => 150 [img_height] => 30 [expiration] => 7200 ) )
minify_enabled	1
sys_minify_files	Array ( [0] => Array ( [core_file_path] => /template/insol_01/style/style.css [min_file_path] => template/insol_01/style/style-min.css ) [1] => Array ( [core_file_path] => /template/insol_01/style/breakpoints.css [min_file_path] => template/insol_01/style/breakpoints-min.css ) [2] => Array ( [core_file_path] => /script/script.js [min_file_path] => script/script-min.js ) [3] => Array ( [core_file_path] => /script/jquery.nivo.slider.js [min_file_path] => script/jquery.nivo.slider-min.js ) )

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About

About Us

Mission statement

Governance

Executive, council & secretariat

Committees

Country Coordinators

National Associations

Caring for the Environment

Richard Turton Award

Ordinary General Meeting

Council Elections

Strategic Task Force 2025

Vacancies

Privacy statement

Terms and conditions

Financial Statements

Be Informed

TECHNICAL RESOURCES

PUBLICATIONS

LATEST NEWS

Get Involved

Become a member

Honorary members

Membership Directory

Member Offers

EVENTS

WORKING GROUPS

Our Sponsors

Become a Sponsor

General Sponsors

Academic Forum sponsors

Annual Congress

EECC Conferences

News