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Canadian Weed Retail Giant Restructures Nearly $9M Of Debt, Here's What's Next
Thursday, November 2, 2023 - 9:56am | 1008Cannabis retailer High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) has successfully completed a restructuring of roughly $8.9 million of the company's outstanding debt held by a key industry lender under a senior secured convertible debenture issued on July 23, 2020, as amended, maturing...
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Bitcoin ATM Operator Coin Cloud Seeks Bankruptcy Protection, Owes Millions To Genesis Global
Thursday, February 9, 2023 - 3:00pm | 401Coin Cloud, a Las Vegas-based company that operated more than 4,000 Bitcoin ATMs in the U.S. and Brazil, declared Chapter 11 bankruptcy. The court filing estimated the company's liabilities to be between $100 million and $500 million, with Genesis Global Trading, a subsidiary of...
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Aurora Cannabis Takes 19.9% Stake in Cannabis Retailer Choom As Part Of Debt Restructuring And Raises $3.5M
Friday, July 9, 2021 - 10:44am | 451Canadian cannabis retailer Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) reported Thursday that it has finalized the restructuring of its roughly $25.9 million in outstanding debt. This includes the $21.8 million that the company owes to Aurora Cannabis Inc. (NASDAQ: ACB). As part of the agreement...