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Latest In: receivership

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Image of a judge's gavel sitting on a sound block and surrounded by cannabis nuggets

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
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Close-up image of a $100 bill with Ben Franklin's eyes peaking through a cannabis leaf

Marijuana operator 4Front files for receivership

4Front Ventures Corp., a minor marijuana multistate operator, said its subsidiaries have filed for voluntary receivership in Massachusetts.

News May 23
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Image of a pink piggy bank drowning in debt

Debt and default force marijuana operator Gold Flora into receivership filing

Another one of California’s largest marijuana operators plans to liquidate assets after mounting financial losses and operational challenges.

News April 1
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Image of a woman working on a virtual screen with the inscription "Intellectual Property"

Intellectual property of cannabis brand High Times is for sale again

The intellectual property of cannabis brand High Times, including its fading iconic magazine, Cannabis Cup events and trademarks,…

News February 27
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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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Image of a For Sale sign in front of a blurred building

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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Receiver overseeing asset sale of cannabis brand High Times is terminated

The receiver appointed to handle the asset sale of cash-strapped cannabis brand and iconic publication High Times is…

News June 28
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Photo illustration of High Times' website with a crack down the middle

Bidders circling with assets of marijuana brand High Times in receivership

Brokers handling the asset sale of cash-strapped marijuana brand and publication High Times are nearing a deal to…

News May 8
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