Richard Albarran, Brent Kijurina and Cameron Shaw of Hall Chadwick Chartered Accountants were named as joint and several voluntary administrators of Capital Mining Ltd., according to a May 16 statement.
In June 2017, the company decided to terminate negotiations for the acquisition of Canadian company Broken Coast Cannabis Ltd. Previously, Capital Mining reached a settlement with Broken Coast over a deal for the former to acquire up to a 50.1% stake in the latter.
Earlier this year, Capital Mining said it is considering closing its Capital Cannabis Ltd. unit following the decision to discontinue medical cannabis investment opportunities.
