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Tag: cannabis bankruptcy
Chapter 15: A New Path for Cross‑Border Cannabis Restructuring
Canadian cannabis corporations are leveraging Chapter 15 of the U.S. Bankruptcy Code to secure U.S. asset protection. Following a breakthrough ruling in Delaware, attorney Leah Eisenberg explores how cross-border insolvency frameworks offer a viable restructuring path despite ongoing U.S. federal prohibition.
4Front Initiates Bankruptcy and Insolvency Act Proceedings in Canada
PHOENIX - 4Front Ventures Corp., a vertically integrated cannabis operator, has made an assignment into bankruptcy pursuant to the Canadian Bankruptcy and Insolvency Act.
The company...
SLANG Worldwide Enters Bankruptcy in Canada, Begins Winding Down
TORONTO - SLANG Worldwide Inc. has filed an assignment into bankruptcy pursuant to Canada's Bankruptcy and Insolvency Act. B. Riley Farber Inc. has been named as...
Tokyo Smoke Commences Stalking Horse Sale Process
TORONTO - Tokyo Smoke, an award-winning cannabis retailer, has entered into a Share Subscription Agreement with TS Investments Corp., the parent of Tokyo Smoke (the "Buyer"),...
MedMen Declares Bankruptcy
LOS ANGELES – Five years after its market valuation peaked at about $3 billion, MedMen Enterprises Inc. is bankrupt. The company filed insolvency proceedings...