California Cannabis Company StateHouse Holdings Enters Bankruptcy, Halts Trading On Canadian Securities Exchange
StateHouse Holdings (OTC:STHZF), a major player in the cannabis industry, has announced its entry into bankruptcy proceedings under Canada’s Bankruptcy and Insolvency Act. This development follows a series of financial challenges, culminating in legal action by Pelorus Fund, which filed a complaint in the San Diego Superior Court on September 25, 2024, seeking to place StateHouse and its subsidiaries into receivership.
On October 9, 2024, StateHouse and its lenders reached a stipulation appointing a receiver …