Latest In: bankruptcy

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Cannabis MSO lands in receivership over $210 million debt to lender

New Jersey-based TerrAscend Corp. is in receivership in Michigan after defaulting on a $210 million loan.

News May 22
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Cannabis company 4Front Ventures files for bankruptcy in Canada

Phoenix-based cannabis operator 4Front Ventures Corp. has initiated bankruptcy proceedings in Canada under that country's Bankruptcy and Insolvency…

News June 13
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Deal struck in bankruptcy of California marijuana operator Unrivaled Brands

Unrivaled Brands, a once-prominent subsidiary of California marijuana company Blüm Holdings, has reached a deal to settle litigation with…

News February 24
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Opportunities abound with distressed marijuana businesses – but use caution

Because there is a dwindling number of states that haven’t legalized medical and/or recreational marijuana, it is easy…

News January 9
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Assets for cannabis operator StateHouse Holdings for sale in receivership

A brokerage firm has listed for sale the assets of California cannabis operator StateHouse Holdings in what could…

News November 21
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What to do when your marijuana business goes up in smoke

Bankruptcy hasn’t been an option for most marijuana companies, but restrictions do not apply to Chapter 15, or…

News July 12
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Marijuana bankruptcy reform could be inching closer for US operators

With federal marijuana rescheduling possible in the near future, bankruptcy reform could be somewhere over the horizon.

News April 29
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Canadian cannabis company Safari Flower accesses creditor protection

Canadian cannabis grower and processor Safari Flower Group is insolvent and has received an initial creditor protection order…

News January 16
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Cannabis and accessories distributor Humble & Fume gets creditor protection

Humble & Fume, a Canadian cannabis and accessories distributor, received an initial creditor protection order and intends to…

News January 8
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