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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Federal judge approves cannabis MSO for Chapter 15 bankruptcy
In a move that could signal new options for cannabis companies seeking bankruptcy protections, a U.S. judge signed…
News May 14
Distressed marijuana MSO Ayr Wellness sells off assets in foreclosure sale
Distressed MSO Ayr Wellness sold off assets in seven states to its former creditors on Tuesday.
News November 12
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The Medical Card Has a New Argument
Federal rescheduling handed the medical tier a tax tool it never expected. Whether operators use it — and how fast — is what the next few years of market data…
June 2
Minnesota adult-use marijuana sales delayed for a predictable reason
Minnesota cannabis stores can open but still have no product to sell because of a predicted problem.
News August 22
Debt-saddled marijuana MSO Ayr Wellness to sell off assets, ‘wind down’ operations
The version of Miami-based marijuana multistate operator Ayr Wellness "we know today will cease to exist" after the…
News July 31
Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations
Ayr Wellness's struggles with debt and losses are known, but Connecticut is also proving a tough market for…
News June 23
Cannabis debt crisis looms as billions in loans come due in 2026
As much as $3 billion in debt will come due for major U.S. cannabis operators by the end…
News January 14
Canadian cannabis retailer High Tide completes CA$15 million debt draw
High Tide, a Calgary, Alberta-based cannabis retail chain, drew the final 5 million Canadian dollars ($3.6 million) of…
News November 13
Marijuana MSO Jushi refinances $53 million loan
Jushi Holdings, a vertically integrated, marijuana multistate operator, refinanced a roughly $53 million senior secured credit facility.
News August 7Featured
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