MJ Biz: Struggling cannabis companies turn to Canadian insolvency law

MJ Biz: Struggling cannabis companies turn to Canadian insolvency law
CANNANNEW REPORT

MJ Biz reports An unusual number of cannabis companies have used a Canadian corporate insolvency law called the Companies’ Creditors Arrangement Act (CCAA) in 2022, a trend that demonstrates both the marijuana industry’s financial challenges and one possible solution to keep businesses from slipping completely underwater. Fourteen of the 35 CCAA filings in Canada – or 40% […]

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Source : MJ Biz: Struggling cannabis companies turn to Canadian insolvency law

reposted by Cannabis News World

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