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Canadian cannabis insolvencies persist in 2023 amid industry woes

Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings…

News December 18
BioSteel CANADA Canopy Growth Companies Creditors Arrangement Act Greenhill & Co. Canada KSV Restructuring
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Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale

Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct…

News September 14
BioSteel Canopy Growth Corp.
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Canopy reports CA$2.1 billion loss on massive cannabis unit impairments

Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s "value" cannabis sales declined…

News August 5
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