Gold Flora Faces Receivership Proceedings As Financial Struggles Deepen
California-based cannabis operator Gold Flora Corp. (OTC:GRAM) is on the brink of receivership (a legal process in which a court appoints an independent party to manage a company’s assets and operations, often as a last-ditch effort to recover debts or restructure the business) as it struggles with significant financial challenges. As MJBiz Daily reported, the financial recovery firm Global Assets Liens & Foreclosure has filed an ex parte application for receivership in Santa Barbara Superior Court, citing more than $236,725 in unpaid invoices. The hearing is scheduled for November 27.
Receivership Specialist Tapped
Global Assets has requested Kevin Singer of Receivership Specialists, known for handling cannabis industry cases involving Herbl, High Times and StateHouse Holdings …