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Heritage Cannabis' Stock Plunges On Announcing Creditor Protection, Looks To Pursue Restructuring And Sales Process - Trees (OTC:CANN)

Heritage Cannabis Holdings Corp. announced on Tuesday that alongside its subsidiaries it sought and obtained an order for creditor protection from the Ontario Superior Court of Justice under the Companies Creditors Arrangement Act. "The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company's financial position while evaluating all available alternatives and engaging in significant consultation with legal and financial advi...
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