Weed Companies Find Chapter 11 Alternative to Fix Their Debts
Schwazze and Ayr Wellness are restructuring using Article 9 rule
A cannabis farm in California
Photographer: Jonah Reenders/BloombergThis article is for subscribers only.
Welcome to The Brink. It’s Reshmi Basu in New York and Steven Church in Wilmington, where we looked at the travails of weed companies. We also have news on Spirit Airlines and Hong Kong developer New World. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Cannabis companies are increasingly using an arcane legal tool as competition in the weed industry is forcing former startups to restructure their debts.