StateHouse Holdings (TSE:STHZ) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:STHZ stock, check out TipRanks’ Stock Analysis page.
