Canadian cannabis firm James E. Wagner Cultivation seeks creditor protection

[MJBizDaily]

Financially distressed cannabis cultivator James E. Wagner Cultivation Corp. (JWC) announced Wednesday it will undergo a “consensual restructuring” and seek creditor protection in a deal with cannabis industry lender Trichome Financial Corp. The deal will see Trichome provide JWC with a debtor-in-possession loan of up to 4 million Canadian dollars ($2.8 million) during the restructuring. […]

Canadian cannabis firm James E. Wagner Cultivation seeks creditor protection is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue reading...