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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
British American Tobacco CANADA Canadian cannabis cultivation cannara biotech Canopy Growth Corp. Cronos Group Health Canada HEXO Corp OrganiGram Holdings Phoena Group Pure Sunfarms sndl Tilray Brands
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One-third of Canada’s cannabis greenhouse capacity taken offline

One after another, many of Canada’s largest cannabis greenhouses and indoor grow operations have been sold or mothballed…

News November 9
CANADA Phoena Group Tantalus Labs
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Cannabis producer Tantalus Labs restructures, lays off workers

Another Canadian cannabis producer is entering court-supervised restructuring amid cut-throat competition and heavy government taxation of the 4-year-old…

News June 29
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CANADA Canadian Companies Creditors’ Arrangement CannTrust Holdings Phoena Group
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Canadian cannabis producer Phoena winds-down business, blames high taxes

Canadian cannabis producer Phoena Group, formerly known as CannTrust, has been granted creditor protection and is winding down…

News April 11
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