As 2024 winds to a close, the year may well be remembered as one in which the U.S. marijuana industry got a serious wakeup call, with several big-name companies flaming out in spectacular fashion, while plenty of smaller operators also quietly closed up shop. Even as more state marijuana markets continued their new rollouts – […]
A brokerage firm has listed for sale the assets of California cannabis operator StateHouse Holdings in what could be the industry’s “largest receivership deal,” MJBizDaily has learned. The portfolio for San Diego-headquartered StateHouse includes several brands, business licenses and retail outlets throughout the state. StateHouse formerly was known as Harborside, a legacy California marijuana operator […]
The bankrupt single-state operator California-based StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) is formally on the auction block, with its primary creditor reportedly hoping to fetch north of $100 million for the entire company. StateHouse’s assets were advertised for sale by GreenLife Business Group beginning on Nov. 12, CEO Drew Mathews told Green Market Report, and […]
The Daily Hit is a recap of the top financial news stories for Monday, October 28, 2024. On the Site StateHouse receiver says cannabis receiverships on the rise A principal at Receivership Specialists, which was tapped by a court to oversee the distressed StateHouse Holdings, said demand for marijuana receivership services is on the upswing, […]
There’s a reason why Scott Yahraus’s firm, Receivership Specialists, was requested by Pelorus Fund in its recent move to force StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) to be managed by a court-appointed receiver: the company’s been taking on such jobs for almost a decade in three states, and has managed 30 such marijuana receiverships in […]
StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) filed for bankruptcy in Canada and began receivership in the United States, the company announced this week. The vertically integrated cannabis firm, which operates 11 dispensaries across California, made the filing under Canada’s Bankruptcy and Insolvency Act. The move follows the launch of receivership proceedings in the U.S. by […]
San Diego-based marijuana operator StateHouse Holdings has entered bankruptcy in Canada after its main lender asked that the company be placed in a receivership. The move comes after Pelorus Fund REIT, a private mortgage real estate investment trust and StateHouse’s largest lender, asked a California court in September to place StateHouse in receivership after the […]
News from: StateHouse Holdings, Wana Brands, Canopy Growth Corp., New Mexico and more. The Daily Hit is a recap of the top financial news stories for Wednesday, October 9, 2024. On the Site With StateHouse on the brink, Harborside founders won’t rule out buying it back “There’s nothing in the world that would make us […]
