Fire & Flower Files For CCAA Protection, Secures $7.3M Via Debtor-In-Possession Loan
Portfolio Pulse from Vuk Zdinjak
Fire & Flower Holdings Corp. has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) and secured a $7.3M debtor-in-possession loan from an affiliate of Alimentation Couche-Tard Inc. The Toronto Stock Exchange may place the company under delisting review.
June 06, 2023 | 1:25 pm
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NEGATIVE IMPACT
Fire & Flower files for CCAA protection, which may lead to a delisting review and impact its stock price.
Filing for CCAA protection indicates financial distress for Fire & Flower. The potential delisting review by the Toronto Stock Exchange could negatively impact the stock price as it creates uncertainty for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alimentation Couche-Tard affiliate provides $7.3M debtor-in-possession loan to Fire & Flower.
Alimentation Couche-Tard's affiliate is providing a loan to Fire & Flower, which may have a neutral impact on ANCTF's stock price. The loan is a relatively small amount and may not significantly affect the company's financial position.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50