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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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
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