California Cannabis Company StateHouse Holdings Enters Bankruptcy, Halts Trading On Canadian Securities Exchange
Portfolio Pulse from Juan Spínelli
StateHouse Holdings, a significant cannabis company, has filed for bankruptcy under Canada's Bankruptcy and Insolvency Act. This follows financial struggles and legal action by Pelorus Fund. Trading on the Canadian Securities Exchange has been halted, and the company may be delisted.
October 11, 2024 | 4:25 pm
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StateHouse Holdings has entered bankruptcy proceedings due to financial challenges and legal actions. Trading on the Canadian Securities Exchange is halted, with potential delisting.
The bankruptcy filing and halted trading indicate severe financial distress, likely leading to a negative impact on the stock price. The potential delisting further exacerbates the situation.
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