Last week, Tilray CEO Brendan Kennedy predicted another dozen LPs would go bankrupt before the year was through. This week, cannabis investment firm Stoic Advisory‘s CEO Aaron Salz predicted “a huge chunk” of the 383 companies licensed by Health Canada will go bankrupt within the next year.
BNN Bloomberg, Mugglehead
Ohio REC retailer Green Growth Brands, which traded in Canada, announced it had filed for protection from its Canadian creditors (some of whom have filed lawsuits against the company).
Globe Newswire, MJ Biz Daily