Heritage Cannabis Holdings (TSE:CANN) has released an update.
Heritage Cannabis Holdings Corp. has obtained creditor protection and is initiating a restructuring and sales process after its senior secured lender demanded repayment of over $8 million. The process, overseen by the Court and KPMG Inc. as monitor, includes a stay of proceedings and the potential delisting of the company from the Canadian Securities Exchange. Heritage plans to implement a sale and investment solicitation process to attract potential buyers or investors.
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