StateHouse Holdings (TSE:STHZ) has released an update.
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StateHouse Holdings, a prominent California-based cannabis company, has entered bankruptcy in Canada following a U.S. court’s appointment of a receiver due to the company’s default on loan repayments. This move comes after the lenders initiated receivership proceedings and is a result of the company’s financial struggles and inability to meet its liabilities. The company’s trading on the Canadian Securities Exchange has been halted and is expected to be delisted.
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